DERICHEBOURG - Universal registration document 2018-2019

4

Financial statements Consolidated financial statements for the year ended September 30, 2019, in compliance with IFRS Notes

Foreign exchange risk 4.12.4 Exchange rates used

2019

2018

Foreign currencies

Year-end

Average

Year-end

Average

In euros

Canada

CAD CNY USD MAD MXN

1,4426 7,7784 1,0889 10,6224 21,4522 0,8857 6,1491

1,4971 7,7957 1,1281 10,8145 21,8837 0,8841 6,3239

1,5064

1,5275

China

United States

1,1576

1,1906

Morocco

10,9376 21,7800 0,8873 6,9650

11,1533 22,6387 0,8847 5,2495

Mexico

United Kingdom

GBP TRY

Turkey

Generally, the Group's revenue is generated in the same currency as the related costs. Accordingly, the Group has little exposure to foreign exchange risk, and business transactions made in a non-local currency (mostly dollar-denominated exports from France) are generally hedged with forward contracts. Euro movements against the US dollar do,

however, have a significant impact on the translation of Environmental

Services division revenue and operating income into euros.

The Group uses foreign exchange forward contracts to hedge its foreign exchange risk.

USD

In millions of currency

Forward purchases Forward sales

10.5

Accounts receivable, tax receivables and other current assets by currency

Receivables at 09-30-19

Receivables at 09-30-18

Local currency

Euro

%

Local currency

Euro

%

In millions of currency

CAD EUR GBP MAD MXN

6.3

4.4

1%

5.4

3.6

1%

329.9

329.9

95%

329.6

330.2

87%

0.2

0.3

0%

0.1

0.1

0% 7% 1%

321.5

29.4

85.0

4.0 0.8

1% 0% 3%

68.5

3.1

TRY

4.8

USD

12.1

11.1

16.5

14.2

4%

Total

350.4

100%

380.7

100%

DERICHEBOURG p 2018/2019 Universal Registration Document 151