technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS FINANCIAL ASSETS, FINANCING LIABILITIES & DERIVATIVE FINANCIAL INSTRUMENTS

Foreign currency hedge characteristics The foreign currency hedges outstanding at December 31, 2019 are shown in the table below: Currencies

Notional (1)

Maturity

Fair value (2)

Forward purchases/sales and currency swaps Forward purchases/sales and currency swaps Forward purchases/sales and currency swaps

USD/EUR PLN/EUR

337

2020 2020

(1)

81

- 1 -

Other currencies

FAIR VALUE

Net forward purchases/(sales), in millions of the first currency of the pair. (1) Market value in millions of euros at December 31, 2019. (2)

Interest rate hedge characteristics The Group has two interest rate hedging instruments outstanding at December 31, 2019. These instruments hedge future interest charges of the Group, which are principally indexed on a floating rate as shown in the table in note 8.3.2. The main characteristics are as follows: Notional Hedge Issuance Maturity Fair value (1)

Receive 3m EURIBOR (2) /pay 0.22% 3m LIBOR capped at 3.00%

Interest rate swap

€240 million

May 2018 November 2021

(1)

Cap

U.S.$145 million

May 2018 November 2021

-

FAIR VALUE

(1)

Market value in millions of euros at December 31, 2019. (1) EURIBOR floored at 0%. (2)

Characteristics of instruments not documented as hedges At December 31, 2019 the Group does not have any outstanding instruments that are not documented as hedges.

IMPACT OF DERIVATIVE FINANCIAL INSTRUMENTS ON GROUP PERFORMANCE 8.6.2 As indicated in note 8.2.2.1, due to the practice of the Group treasury exposure which is monitored daily, the characteristics of its portfolio of for its foreign currency exposure of executing mainly short-term hedging instruments at the closing date is not representative of the derivative instruments, which are rolled over as a function of its global impact on the year’s results nor that of future years.

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