PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

4

M A N A G E M E N T R E P O R T

4.1

KEY FIGURES FROM THE

4.5

DEFINITIONS AND RECONCILIATION OF ALTERNATIVE PERFORMANCE INDICATORS WITH IFRS INDICATORS 137 Organic growth 137

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

130 130 130 131 131

4.5.1 4.5.2 4.5.3 4.5.4 4.5.5 4.6.1 4.6.2 4.6.3 4.6.4 4.6.5 4.6.6 4.6.7 4.6.8 4.6

4.1.1 4.1.2 4.1.3 4.1.4

Income statement

Free Cash Flow

137 137 137 137 138 138 138 140 142 144 144 146 146 147 147 147

Balance sheet

“Recurring” indicators

Net financial debt Cash flow statement

Net debt

EBITDA

4.2

ANALYSIS OF BUSINESS ACTIVITY AND

RISK MANAGEMENT

RESULTS

132 132

Introduction

4.2.1 4.2.2

Presentation of results

Risks relating to business activities Industrial and environmental risks

Organic net sales growth of Strategic

International Brands

133

Legal and regulatory risks

4.2.3

Contribution after advertising & promotion

Financial risks

investments

134 134

Insurance and risk coverage

4.2.4 4.2.5

Profit from Recurring Operations

Risks and disputes: provisioning procedure

Financial income/(expense) from recurring

operations

134 134 134

2018 Risk matrix

4.2.6 4.2.7

Group Net Profit from Recurring Operations

4.7

SIGNIFICANT CONTRACTS

Group Net Profit

4.7.1 4.7.2

Significant contracts not related to financing

4.3

NET DEBT

135

Financing contracts

4.4

OUTLOOK

136

129

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018