SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Analysis by currency Note 7.2.2.4 € thousands

Analysis by maturity Note 7.2.2.2 € thousands

31/12/22 45,310 19,227 78,454 30,204 10,461 15,305 198,960

31/12/21

31/12/22 158,123 40,837 198,960

31/12/21

1 year or less

31,244 10,658

Euro

56,339 38,701 95,040

Other TOTAL

Between 1 and 2 years Between 2 and 3 years Between 3 and 4 years Between 4 and 5 years

7,043 4,966 4,091

Secured liabilities Note 7.2.2.5 The Group had no liabilities secured by collateral at 31 December 2022. Covenants Note 7.2.2.6 At 31 December 2022, SOMFY SA had a total of €300 million undrawn medium-term loan facilities (confirmed credit lines) with four banks, following the setting up of the syndicated loan (see Highlights). Funds made available by the credit institutions are subject to SOMFY SA commitment to comply with a financial covenant based on its ability to repay (net financial debt/EBITDA). This financial covenant will be tested for the first time on 31 December 2023. SOMFY SA also had undrawn overdraft facilities and unconfirmed credit facilities totalling €45 million at 31 December 2022. Analysis of net financial debt Note 7.2.3

5 years or more

37,039 95,040

TOTAL

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

Undiscounted 2022 liability

Discounted 2022 liability

€ thousands 1 year or less

16,248 12,936

15,278 12,236

Between 1 and 2 years Between 2 and 3 years Between 3 and 4 years Between 4 and 5 years

8,260 6,314 4,799

7,746 5,941 4,529

The net financial debt is defined in note 4.3.4.1. € thousands 31/12/22

5 years or more

15,796 64,354

15,256 60,986

31/12/21

TOTAL

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

198,938

95,040

Undiscounted 2021 liability

Discounted 2021 liability

€ thousands 1 year or less

60,986

53,929

14,264 11,220

13,422 10,590

389

93

Between 1 and 2 years Between 2 and 3 years Between 3 and 4 years Between 4 and 5 years

7,457 5,290 4,320

7,010 4,966 4,091

43

32 61

– Marketable securities

346

– Loans

Cash and cash equivalents NET FINANCIAL DEBT Liabilities related to put options and earn-outs RESTATED NET FINANCIAL DEBT

626,295 -427,746

736,665 -641,717

5 years or more

14,359 56,910

13,851 53,929

TOTAL

133,729

39,739

Note 7.2.2.3 Analysis by rate € thousands

-561,475

-681,456

31/12/22

31/12/21

Net financial surplus. (-)

3,005

Variable rate

2,550

Fixed rate

74,866 121,545 198,960

43,591 48,444

Non-interest bearing

TOTAL 95,040 Non-interest-bearingfinancial liabilities mainly include put options granted to holders of non-controlling interests and earn-outs.

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SOMFY – ANNUAL REPORT 2022