PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Breakdown of debt by currency before and after foreign exchange hedging instruments on 30 June 2017 2. and 30 June 2018

Gross financial debt

Amount hedged

Debt after hedging

Net debt after hedging

% debt after hedging

% Net debt after hedging

At 30.06.2017 € million

Cash (139)

EUR USD GBP SEK

3,758 4,720

165 (28)

3,923 4,693

3,784 4,660

46% 55%

48% 59%

(33) (27)

5 9

(1)

5

(22) (84)

(86) (67) (17)

(78) (15)

(6)

-1%

-1% -6%

Other currencies

52

(472) (677)

(487) 7,851

0%

FINANCIAL DEBT BY CURRENCY

8,545

8,528

100% 100%

Gross financial debt

Net debt after hedging

% Net debt after hedging

Amount hedged

Debt after hedging

% debt after hedging

At 30.06.2018 € million

Cash (221)

EUR USD GBP SEK

3,521 4,174

281 (98) (92)

3,802 4,076 (117)

3,580 4,068 (118)

49% 53% -2% -0%

51% 58% -2% -0% -8%

(8) (1)

(25)

(9) 31

-

(9)

0

(9)

Other currencies

(67)

(36)

(523) (754)

(559) 6,962

0%

FINANCIAL DEBT BY CURRENCY

7,691

25

7,716

100% 100%

Breakdown of debt by currency and type of rate hedging on 30 June 2017 and 30 June 2018 3.

% (fixed-rate + capped floating-rate debt)/ debt after hedging

% (fixed-rate + capped floating-rate debt)/ Net debt

Debt after hedging by currency

Capped floating-rate debt

Fixed-rate debt (1)

Floating-rate debt

At 30.06.2017 € million

Cash (139)

EUR USD GBP SEK

3,923 4,693

2,649 3,169

- - - - - -

1,274 1,523

68% 68% N.M. N.M. N.M. 68%

70% 68% N.M. N.M. N.M. 74%

(33) (27)

5

- - -

5

(78) (15)

(78) (15)

(6)

Other currencies

(472) (677)

TOTAL

8,528

5,819

2,709

Hedges for accounting purposes and other derivatives. (1) .: not material. N.M.

% (fixed-rate + capped floating-rate debt)/ debt after hedging

% (fixed-rate + capped floating-rate debt)/ Net debt

Debt after hedging by currency

Capped floating-rate debt

Fixed-rate debt (1)

Floating-rate debt

At 30.06.2018 € million

Cash (221)

EUR USD GBP SEK

3,802 4,076 (117)

2,655 3,406

- - - - - -

1,147

70% 84% N.M. N.M. N.M. 79%

74% 84% N.M. N.M. N.M. 87%

670

(8) (1)

- -

(117)

(9)

(9)

0

Other currencies

(36)

22

(58)

(523) (754)

TOTAL

7,716

6,084

1,633

Hedges for accounting purposes and other derivatives. (1) N.M.: not material.

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018