Plastic Omnium // 2021 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

At December 31, 2020

December 31, 2020

Less than 1 year

1 to 5 years

More than 5 years

In thousands of euros

FINANCIAL ASSETS Non-consolidated equity interests

170

-

170

-

Long-term investments in equities and funds

8,309

-

8,309

-

Other financial assets

9,753

-

9,753

-

Finance receivables (1)

6,340

6,340

-

-

Trade receivables (2)

814,400

813,184

1,216

-

Other current financial assets and financial receivables

301

301

-

-

Hedging instruments

7,625

7,625

-

-

Cash and cash equivalents

829,989

829,989

-

-

TOTAL FINANCIAL ASSETS

1,676,887

1,657,439

19,448

-

FINANCIAL LIABILITIES Non-current borrowings (3)

1,357,663

-

1,295,567

62,096

Bank overdrafts

12,277

12,277

-

-

Current borrowings (4)

371,844

371,844

-

-

Hedging instruments

116

116

-

-

Trade payables

1,371,750

1,371,750

-

-

TOTAL FINANCIAL LIABILITIES

3,113,650

1,755,987

1,295,567

62,096

FINANCIAL ASSETS AND FINANCIAL LIABILITIES – NET (5)

(1,436,763)

(98,548)

(1,276,119)

(62,096)

Undiscounted amounts (see Notes 5.1.8 “Current financial receivables” and 6.4.1 “Other long-term financial receivables”). (1) “Trade receivables” includes €31,145 thousand past due at December 31, 2020, against €63,053 thousand at December 31, 2019. See Note 6.3.1 on (2) “Customer risk”. “Non-current borrowings” includes the amounts reported in the balance sheet and interest payable over the remaining life of the borrowings. (3) “Current borrowings” includes the amounts reported in the balance sheet and interest due within one year. (4) See Note 5.2.6.6 on confirmed medium-term credit lines compared to usage: in 2020 and 2019, the confirmed and unused bank lines amply cover the Group’s (5) cumulative medium-term financing requirements.

Currency risk 6.5 Plastic Omnium’s business is based for the most part on local plants: by producing locally what is sold locally, the Group has little exposure to currency fluctuations, except for the translation of financial statements of companies whose functional currency is not the euro. The Group’s policy is to minimize the currency risk arising from transactions that will result in future payment or future revenue. If a transaction does give rise to a material currency risk, it is hedged with a forward currency contract. The subsidiary involved places this hedge with the Group Treasury Department or, with the latter’s approval, locally. 6.6 Interest rate risk relates to the possibility of an increase in variable rates for variable rate debt, which would adversely affect net financial income. Interest rate risk is managed on the basis of the Group’s consolidated debt with the main objective of maintaining a durably low consolidated financing cost in light of the Group’s operating profitability. Interest rate risk

At December 31, 2021 as at December 31, 2020, the Group’s core funding was at fixed rates (see Notes 5.2.6.9 “Analysis of gross financial debt by type of interest rate”). Financial transactions, particularly interest rate hedges, are carried out with a broad panel of leading financial institutions. A competitive bidding process is carried out for any significant financial transactions and maintaining a satisfactory diversification of resources and participants is a selection criterion. and liabilities Most derivatives are traded over-the-counter for which there are no listed prices. Therefore, their valuation is based on models commonly used by traders to value these financial instruments (models for discounting future cash-flows or option valuation models). Additional information about financial assets 6.7

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021