Cap Gemini - Registration Document 2016

PRESENTATION OF THE GROUP AND ITS ACTIVITIES

1.6 Investment and financing policies

Investment and financing policies 1.6

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Investment policy 1.6.1 In 2015, Capgemini acquired IGATE (33,000 employees and revenues of $1.3 billion) for a total amount of $4 billion. With this major acquisition, North America became the first region of the Group. acquisition of two companies, a Salesforce specialist in Germany (Oinio) and a consulting firm specializing in high added value innovation in North America (Fahrenheit 212). In 2016, the Group focused on integrating IGATE and finalized the Financing policy and financial rating 1.6.2 The Cap Gemini S.A. financing policy is intended to provide the Group with adequate financial flexibility and is based on the following main criteria: a moderate use of debt leveraging: over the last ten years ◗ Capgemini Group has strived to maintain at all times a limited level of net debt (or even a positive net cash position) including in the manner in which it finances its external growth; diversified financing sources adapted to the Group’s financial ◗ profile: Capgemini seeks to maintain a balance between bank financing (including the syndicated credit line and the use of leasing to finance IT equipment) and market financing: three euro bond issues performed in July 2015 for €2,750 million; euro bond issue performed in November 2016 for €500 million (see Note 21 to the consolidated financial statements);

In 2017, the Group wishes to continue strengthening its position in North America as well as selectively in Europe, in high growth technology sectors. The development of the technology portfolio will also remain one of the priorities of the Group’s external growth policy. These acquisitions will be possible thanks to the Group’s very solid financial position, which they should not compromise.

a good level of liquidity and sustainable financial resources, ◗ which means: (€2,036 million at December 31, 2016), supplemented by a €750 million multicurrency syndicated credit facility secured on July 30, 2014 and maturing on July 27, 2021, maintaining an adequate level of available funds ❚ 12 months (contractual cash flows within less than one year; see Note 21 to the consolidated financial statements) representing just 4% of total contractual cash flows. borrowings, with only a limited portion falling due within ❚

Financial rating

rating attributed by the rating agency Standard & Poor’s which as at February 28, 2017 is BBB (stable outlook). The Group’s ability to access financial and banking markets and the cost of accessing such markets depend at least in part on the credit

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Registration Document 2016 — Capgemini