SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Analysis by maturity Note 7.2.2.2 € thousands

Secured liabilities Note 7.2.2.5 The Group had no liabilities secured by collateral at 31 December 2020. Covenants Note 7.2.2.6 At 31 December 2020, Somfy SA had a total of €174.0 million undrawn medium-term loan facilities (confirmed credit lines) with seven banks. Funds made available by the credit institutions are subject to Somfy SA commitment to comply with financial covenants based on the Group’s financial structure (net financial debt/shareholder’s equity) and its ability to repay (net financial debt/EBITDA). Somfy SA was in compliance with all of these covenants at 31 December 2020. Somfy SA also had undrawn overdraft facilities totalling €45.0 million at 31 December 2020. Analysis of net financial debt Note 7.2.3

31/12/20 31/12/19

1 year or less

30,817 29,095 11,436 71,348

32,267 32,535 12,495 77,297

Between 1 and 5 years

5 years or more

TOTAL

The maturity profile of non-discounted and discounted minimum payments on leases is as follows:

Undiscounted 2020 liability

Discounted 2020 liability

€ thousands 1 year or less

13,566 28,596 11,972 54,134

12,648 26,757 11,387 50,792

Between 1 and 5 years

5 years or more

The net financial debt is defined in note 4.3.4. € thousands

TOTAL

31/12/20 31/12/19

Financial liabilities included in net financial debt calculation Of which liabilities related to lease – agreements (IFRS 16) Financial assets included in net financial debt calculation

71,348

77,297

Undiscounted 2019 liability

Discounted 2019 liability

€ thousands 1 year or less

50,792

51,998

13,662 29,082 13,215 55,959

12,590 26,963 12,446 51,998

Between 1 and 5 years

142

285

5 years or more

Marketable securities –

–

–

TOTAL

142

285

Loans –

–

–

Miscellaneous –

Analysis by rate Note 7.2.2.3 € thousands

Cash and cash equivalents

588,925

387,547

31/12/20 31/12/19

NET FINANCIAL DEBT

-517,719 -310,535

Variable rate

3,481

4,883

Liabilities related to put options and earnouts RESTATED NET FINANCIAL DEBT

19,137

23,015

Fixed rate

40,537 27,330 71,348

41,091 31,323 77,297

Non-interest bearing

-536,856 -333,550

TOTAL

Net financial surplus. (-)

Non-interest-bearing financial liabilities mainly include put options granted to holders of non-controlling interests and earnouts. Analysis by currency Note 7.2.2.4 € thousands 31/12/20 31/12/19 Euro 33,241 38,027 Other 38,107 39,270 TOTAL 71,348 77,297

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SOMFY – ANNUAL FINANCIAL REPORT 2020