EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

OPERATING DATA NOTE 4

Revenue 4.1 Eurazeo group consolidated revenue totals €3,478 million for 2017 compared with €2,181 million for 2016. This increase is primarily due to the change in the consolidation scope following the acquisition of the Iberchem and CPK groups and the consolidation of Grape Hospitality, Novacap and Sommet Education for a full year.

Other income 4.2 Other income in 2016 and 2017 breaks down as follows:

Notes

2017

2016

(In thousands of euros)

Capital gains (losses) and disposal costs

315,671 (4,258) 260,662 (3,203)

786,343

Fair value gains (losses) on investment properties Fair value gains (losses) on financial assets Fair value gains (losses) on other non-current assets

7

3,258 41,522 (2,176) 14,014

8.2 8.2

Other income and expenses

38,542

OTHER INCOME

607,414

842,961

Capital gains (losses) on the securities portfolio 4.2.1 Capital gains on the securities portfolio in 2017 primarily concern the partial disposals of Elis, Europcar and Moncler securities (€128.5 million, €66.3 million and €75.2 million, net of disposal costs and before the release of reserves to profit or loss, respectively) and the sale of the entire investment in the ANF Immobilier group (-€37.9 million, net of disposal costs and before the release of reserves to profit or loss). The net gain on disposal/deconsolidation (i.e. net of carried interest and foreign currency translation and hedging reserves released to profit or loss) is €305.2 million, including €128.5 million for Elis, €60.5 million for Europcar, €75.2 million for Moncler and -€46.6 million for ANF Immobilier.

In 2016, capital gains on the securities portfolio primarily concerned the deconsolidation or partial disposal of the AccorHotels, Elis and Moncler groups (€21.1 million, €135.7 million and €404.0 million, net of disposal costs and before the release of reserves to profit or loss, respectively) and the sale of the entire investment in the Foncia group (€252.4 million). The net gain on disposal/deconsolidation (i.e. net of the Elis financing early repayment penalty, carried interest and foreign currency translation and hedging reserves released to profit or loss) is €777.2 million, including €27.1 million for AccorHotels, €120.5 million for Elis, €230.0 million for Foncia and €378.4 million for Moncler.

4

Fair value gains (losses) on financial assets 4.2.2 Fair value gains and losses on financial assets mainly concern AccorHotels and Moncler securities (see Note 8.2).

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Eurazeo

2017 Registration document