PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Breakdown of debt by currency before and after foreign exchange hedging instruments 2.

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

281

3,802 4,076

3,580 4,068

49% 53% -2%

51% 58% -2%

4,174

(98) (92)

(8) (1)

(25)

(117)

(118)

(9)

-

(9)

0

(9)

Other currencies

31

(67)

(36)

(523)

(559)

0%

-8%

FINANCIALDEBT BYCURRENCY

7,691

25

7,716

(754)

6,962

100% 100%

Gross financial debt

Net debt after hedging

%Debt after hedging

%Net debt after hedging

Amount hedged

Debt after hedging

At 30.06.2019 € million

Cash (243)

EUR USD GBP SEK

3,033 4,471

540

3,573 4,145

3,330 4,085

47%

50% 62% -1% -0% -11%

(326)

(60) (48) (18) (555)

55%

6 8

(3)

3 8

(45) (10)

-

Other currencies

37

(223) (12)

(186)

(740)

-2%

FINANCIALDEBT BYCURRENCY

7,555

7,543

(923)

6,620 100% 100%

Breakdown of debt by currency and nature of interest rate hedge 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 June 2018 € million

Cash (221)

EUR USD GBP SEK

3,802 4,076

2,655

- - - - - -

1,147 670 (117)

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

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

3,406

(8) (1)

(117)

- -

(9)

(9)

0

Other currencies

(36)

22

(58)

(523)

TOTAL

7,716

6,084

1,633

79% (754)

Hedge accounting and other derivatives. (1) N.M.: Not material.

% (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 30.06.2019 € million

Cash (243)

EUR USD GBP SEK

3,573 4,145

2,659 3,494

- - - - - -

913 651

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

80% 86% N.M. N.M. N.M. 93%

(60) (48) (18) (555)

3

- -

3 8

8

Other currencies

(186)

14

(199) 1,375

TOTAL

7,543

6,168

82% (923)

Hedge accounting and other derivatives. (1) N.M.: not material.

188

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT