Sopra Steria - 2020 Universal registration document

5 2020 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

NEU MTN medium-term negotiable securities, which have p maturities spread over one to five years from issuance, and are recognised at amortised cost; current bank overdrafts. p Financial debt repayable within 12 months of the balance sheet date is classified as current liabilities.

Financial debt essentially comprises the following: bond debt and bank borrowings, initially recognised at fair p value net of transaction costs incurred. Borrowings are subsequently recognised at amortised cost; any difference between the capital amounts borrowed (net of transaction costs) and the amounts repayable is recognised in profit or loss over the duration of the borrowings using the effective interest method; NEU CP short-term negotiable securities, which have a maturity p of less than 12 months and are recognised at amortised cost; Bonds 12.3.1. On 5 July 2019, the Group issued a €250 million bond to top-ranking institutional investors. The bond has two tranches: a 7-year €130 million bond with a fixed annual coupon of 1.749%, and an 8-year €120 million tranche with a fixed annual coupon of 2.0%. Bank borrowings 12.3.2. In 2014, the Group took out a €1,200 million five-year borrowing facility with two options to extend the expiry date by one year. This facility comprised a €200 million amortising tranche, an £80 million amortising tranche and a €900 million multi-currency revolving credit line. In 2018, following the exercise of the second one-year extension option, the expiry date was postponed to 6 July 2023. At 31 December 2020, the outstanding amount drawn on the loan was from the two amortising tranches (€96 million and £38.4 million after contractual amortisations for the period). The €900 million multi-currency revolving credit facility is undrawn. In addition, the Group also has two non-amortising bilateral bank facilities: one drawn to €60 million and the other undrawn for €50 million, both maturing in 2024.

Other financial debt 12.3.3. In 2015, the Group arranged an unrated multi-currency NEU CP programme of short-term negotiable securities that was not underwritten, in a maximum amount of €700 million. This programme is presented in documentation available on the Banque de France website, which was last updated on 30 June 2020. The average amount outstanding under the NEU CP programme was €110.1 million in 2020, compared with €268.2 million in 2019. The outstanding amount under the NEU CP programme at 31 December 2020 was €65.0 million (€120.0 million at 31 December 2019). The NEU CPs are included in Other sundry financial debt. In December 2017, as part of its efforts to diversify its borrowings, the Group arranged an NEU MTN programme of medium-term negotiable securities that was not underwritten, with a maximum amount of €300 million. As was the case for the earlier NEU CP programme, the NEU MTN programme is presented in documentation available on the Banque de France website. The NEU MTN programme pays fixed or floating rates, with a spread at each issue date, and maturities range from one to five years. At 31 December 2020, the outstanding amount under the NEU MTN programme was €144.0 million, with maturities of up to three years (€99.0 million at 31 December 2019). The net increase in the amount of NEU MTN corresponded to €65 million in matured securities and €110 million in new issues. The NEU MTNs are included in Other sundry financial debt.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020