Key Performance Indicators

KEY INDICATORS

The proof is in our results and numbers.

- Economic revenue reflects the Group's operational and managerial reality. It corresponds to consolidated revenue, plus revenue from the Group's joint ventures, consolidated at their percentage of ownership: BPO (50%), YFPO (50%) for Plastic Omnium Industries and SHB Automotive modules (Samlip) (33%) for Plastic Omnium Modules.
- Capital expenditure and projects refer to acquisitions of property, plant and equipment and intangible assets, net of disposals, the net change in advances for fixed assets or suppliers of fixed assets and investment subsidies received (see "Cash-flow Statement" in section 5.2.5, line E of part II; 2019 Universal Registration Document).
- Free cash-flow corresponds to the operating cash-flow, less tangible and intangible investments net of disposals, taxes and net interest paid +/- variation of the working capital requirements (cash surplus from operations) (see "Cash-flow Statement" on page 172, line "Cash surplus from operations; 2019 Universal Registration Document).
- Consolidated sales does not include the share of joint ventures, which are accounted for by the equity method, pursuant to IFRS 10, 11 and 12.
- Operating margin includes the share of profit of entities accounted for by the equity method and the amortization of acquired intangible assets, before other operating income and expenses.
- Net debt includes all long-term borrowings, short-term loans and bank overdrafts less loans, marketable debt instruments and other non-current financial assets, and cash and cash equivalents (see Note 5.1.11 to the balance sheet on page 208; 2019 Universal Registration Document).
- Sharehorlders' equity includes operating grants.
- EBITDA corresponds to the operating margin plus the share of profit of associates and joint ventures before depreciation and operating provisions (see Notes 4.2 and 4.4 to the consolidated financial statements; 2019 Universal Registration Document).

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