EURAZEO_REGISTRATION_DOCUMENT_2017

4

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

3.1 Segment income statement

Segment reporting as of December 31, 2017

Holding companies

Eurazeo Capital 1,963.8

Eurazeo PME *

Eurazeo Patrimoine

2017

(In millions of euros)

Revenue

3,478.1

44.0

1,191.5

278.8

Operating income before other income & expenses

807.2

376.9

192.0

183.9

54.4

Adjusted EBIT

378.8

200.7

110.3

67.9

Charges to/reversals of deprec, amort & provisions

84.7

27.2

19.0

Adjusted EBITDA

509.7

285.4

137.5

86.9

Total EBIT of majority-owned investments is €123.9 million and total EBITDA of majority-owned investments is €151.1 million. *

Segment net debt

Holding companies

Eurazeo Capital 2,032.1 (317.3) 1,714.8

Eurazeo PME

Eurazeo Patrimoine

12/31/2017

(In millions of euros)

Borrowings Cash assets

3,359.3 (908.1) 2,451.1

70.5

752.2 (112.0) 640.2

504.5 (77.7) 426.8

(401.2) (330.7)

IFRS net debt

Detailed information on debt maturities and the nature of covenants is presented in Note 9.1.

3.2 Segment income statement

Segment reporting as of December 31, 2016

Holding companies

Eurazeo Capital

Eurazeo PME *

Eurazeo Patrimoine

2016

(In millions of euros)

Revenue

2,181.0

43.4

994.8

965.3

177.4

Operating income before other income & expenses

1,034.2

632.2

239.7

98.5

63.8

Adjusted EBIT

279.0

122.3 34.8 157.1

93.8

62.8

Charges to/reversals of deprec, amort & provisions

23.5

10.1

Adjusted EBITDA

347.5

117.4

73.0

Total EBIT of majority-owned investments is €103.3 million and total EBITDA of majority-owned investments is €126.9 million. *

Segment net debt

Holding companies

Eurazeo Capital

Eurazeo PME

Eurazeo Patrimoine

12/31/2016

(In millions of euros)

Borrowings Cash assets

3,081.1

104.4

1,285.1 (190.6)

670.8 (154.6) 516.2

1,020.8 (87.3) 933.6

(1,580.3) 1,500.8

(1,147.9)

IFRS net debt

(1,043.5)

1,094.5

216

2017 Registration document

Eurazeo