TELEPERFORMANCE_Registration_document_2017

CONSOLIDATED FINANCIAL STATEMENTS

7.6 Notes to the consolidated financial statements

Teleperformance SE has issued a performance guarantee to Barclays Bank PLC with respect to the obligations of its subsidiary TP Portugal under a commercial contract. The guarantee was signed in 2014band will remain in force for the duration of the contract. In July 2017, Teleperformance Portugal SA, a subsidiary of Teleperformance SE, entered into a promissory lease agreement concerning office premises under construction. In this context, guarantees have been issued by Teleperformance SE and its subsidiary, under the form of a joint and several guarantee for a total amount limited to €42bmillion and for the duration stated in the agreement. In 2017, Teleperformance SE has issued a comfort letters in favor of Canon, a partner with which Ypiseria 800-Teleperformance A.E., a subsidiary of Teleperformance SE, has entered into a new commercial relationship. Net asset warranties received in connection with the acquisition of shareholdings The agreements entered into for the acquisitions of Aegis USA Inc., City Park Technologies, LanguageLine Holding LLC and Wibilong SAS contain net asset warranties intended to indemnify the acquirer against any prior existing liabilities that were not disclosed at the time of the acquisitions.

The duration of each commitment is generally between twelve months and three years from the date of completion of the acquisitions except in certain cases for tax-related liabilities for which the duration of the commitments corresponds to the date of prescription of each potential liability. These commitments are guaranteed by either: ■ certain amounts held by a bank in escrow, to be released in full after one, two or three years from the date of acquisition, as applicable, in the absence of any request for indemnification; or ■ a first demand guarantee issued by a high-grade bank, expiring after 18bmonths from the date of acquisition, as applicable, in the absence of any request for indemnification; or ■ representations and warranty insurance covering certain of the warranties for either three or six years after the date of acquisition, depending on the nature of the warranty. Assets secured against financial liabilities There were no Group assets pledged as collateral for borrowings at the end of 2017.

 Maturity of contractual obligations recognized in the statement of financial position

Total 12/31/2017

Under 6bmonths

6b-b12 months Totalb2018

2019 to 2022

b

After

Bank loans

418 105 480 600

2

104

106 105

312

b b

Commercial paper

105

b b b b b

b

USPP loans

b b

0 0 2

134

346 600

Bonds

b b

Bank overdrafts and advances Other loans and financial liabilities

2

2

b b

11

10

10

1

Total 12/31/2016

Under 6bmonths

6 - 12 months Totalb2017

2018 to 2021

b

After

7

Bank loans

1,314

43 *

128

171

1,143

b b

Commercial paper

30

30

b b b

30

b

USPP loans

545

b

0 3

151

394

Bank overdrafts and advances Other loans and financial liabilities

3

3 7

b b b

b b b

24 39

17

24 39

Due to minority interests

39

b

* Including €35bmillion drawn down on the revolving credit line of €300bmillion maturing on Februaryb3 rd , 2021.

 Maturity of operating lease obligations (not recognized in the statement of financial position)

Total 12/31/2017

Under 6bmonths 6-12bmonths Totalb2018 2019 2020 2021 2022 After

b

Operating leases

597

74

74

148 125 103

72

54

95

Total 12/31/2016

Under 6bmonths 6-12bmonths Totalb2017 2018 2019 2020 2021 After

b

Operating leases

587

72

72

144 134 103

73

43

90

The commitments represent future real estate lease payments as stipulated in each lease agreement over the shorter of the lease term or the minimum term at the end of which the lease may be terminated without penalty.

203

Teleperformance bb - bb Registration documentbb 2017