QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

2022 BUDGET: HEDGING OF ANTICIPATED POSITIONS ❚

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value – Total

USD

-

14.5

18.5

-

-

28.5

GBP

-

1.7

-

-

-

-

CAD

-

4.6

-

-

-

-

NOK

-

13.5

2.0

-

-

4.0

JPY

-

86.6

45.0

-

-

90.0

SEK

-

9.5

15.0

-

-

-

DKK

-

7.5

-

-

-

-

CZK

180.0

-

-

200.0

100.0

-

AUD

-

1.1

1.2

-

-

2.3

At year-end, the operations shown in the above table are broken down as follows:

Notional value – Cash flow hedging

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

14.5

18.5

-

-

19.0

GBP

-

1.7

-

-

-

-

CAD

-

4.6

-

-

-

-

NOK

-

13.5

2.0

-

-

2.0

JPY

-

86.6

45.0

-

-

45.0

SEK

-

9.5

15.0

-

-

-

DKK

-

7.5

-

-

-

-

CZK

180.0

-

-

100.0

100.0

-

AUD

-

1.1

1.2

-

-

1.2

Notional value – Ineffective portion of hedge instruments

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

-

-

-

-

9.5

NOK

-

-

-

-

-

2.0

JPY

-

-

-

-

-

45.0

CZK

-

-

-

100.0

-

-

AUD

-

-

-

-

-

1.1

AVERAGE HEDGE RATE ❚

Currency

USD GBP

CAD NOK

JPY

SEK CHF

DKK

CZK SGD AUD PLN

Average hedge rate 1.1487 0.8378 1.4276 10.0044 129.4580 10.4152 1.0377 7.4399 25.4312 1.5190 1.5847 4.5908

The average hedge rate calculation is based on the foreign exchange forwards weighted average rate. Foreign exchange options are not considered for the calculation of the average hedge rate.

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UNIVERSAL REGISTRATION DOCUMENT 2021