NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Consolidated financial statements

11-2-4:

Breakdown by currency

31 January 2018

31 January 2017

Euros (EUR)

623.8

529.7

United States dollars (USD)

234.9

329.2

Other currencies

9.1

0.2

TOTAL

867.8

859.1

The table above is based on exchange rates as at 31 January for each year.

Breakdown by maturity 11-2-5: Debts are positioned according to their contractual maturity date. The table below is based on constant exchange rates.

31 January 2018

31 January 2017

2017

-

105.6

2018

22.0

7.7

2019

176.2

269.3

2020

74.6

35.7

2021

386.4

389.7

2022

124.8

51.1

2023 and beyond

83.8

-

TOTAL

867.8

859.1

Breakdown by interest rate 11-2-6: As part of its financial policy, Neopost actively hedges its floating-rate and fixed-rate debt.

Type of interest rate

Drawdown rate

31 January 2018 Total effective rate *

Reference rate

Bonds issue – Neopost S.A. 3.50%

Fixed

3.50

-

3.5899

Bonds issue – Neopost S.A. 2.50%

Fixed

2.50

-

2.5830

United States private placement

Fixed

Between 3.89 and 4.50 depending on the maturity

-

Between 4.03 and 4.63 depending on the maturity

Variable

LIBOR USD 3 months

3.23738

4.0328

Schuldschein – Neopost S.A. EUR 61.5 million

Fixed

Between 1.10 and 1.833 depending on the maturity

- Between 1.2181 and 1.9208 depending on the maturity

Schuldschein – Neopost S.A. EUR 14.5 million

Variable

EURIBOR 6 months

1.1000

1.3296

Schuldschein – Neopost S.A. EUR 45.0 million

Variable

EURIBOR 6 months

1.4000

1.7471

Schuldschein – Neopost S.A. EUR 14.0 million

Variable

EURIBOR 6 months

1.5500

1.9995

Schuldschein – Neopost S.A. USD 7.5 million

Fixed

4.056

-

4.1439

Schuldschein – Neopost S.A. USD 30.0 million

Variable

LIBOR USD 3 months

3.1900

4.0399

Schuldschein – Neopost S.A. USD 33.0 million

Variable

LIBOR USD 3 months

3.4900

4.2811

Schuldschein – Neopost S.A. USD 16.0 million

Variable

LIBOR USD 3 months

3.7400

4.9579

Revolving credit facility

Variable LIBOR USD/EUR 1 month

-

0.9137

The total effective rate for the transaction is calculated on completion and includes costs relating to the transaction. *

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REGISTRATION DOCUMENT 2017 / NEOPOST