| June 30, 2020 | ||||
|---|---|---|---|---|
| Maturity | ||||
| (in millions of euros) | Total | -1 year | 1-5 years | +5 years |
| Commitments given | ||||
| Guarantees(1) | Guarantees (1)June 30, 2020 255 | 45 | 122 | 88 |
| Total | Total June 30, 2020 255 | 45 | 122 | 88 |
| Commitments received | ||||
| Undrawn confirmed credit lines | Undrawn confirmed credit lines June 30, 2020 1,627 | 165 | 1,462 | - |
| Undrawn unconfirmed credit lines | Undrawn unconfirmed credit lines June 30, 2020 238 | 238 | - | - |
| Other commitments | Other commitments June 30, 2020 13 | 6 | 6 | 1 |
| Total | Total June 30, 2020 1,878 | 409 | 1,468 | 1 |
(1) At June 30, 2020, guarantees included undertakings to pay euro 35 million into innovation mutual funds by 2027. They also included guarantees of approximately euro 11 million relating to media-buying operations.
The exercise of warrants, which can occur at any time from September 24, 2013 to September 24, 2022, will lead to an increase in the Publicis Groupe’s capital stock. The conversion ratio was adjusted by a factor of 1,068 so as to reflect those distributions drawn from the Company’s reserves and premiums. Following the cancellation of the warrants acquired in previous years or exercised since September 24, 2013, Publicis Groupe was, at June 30, 2020, committed to issuing (in the event that the 895,329 outstanding warrants are exercised) 956,211 shares with a euro 0.40 par value and a euro 30.10 premium.
As at June 30, 2020, there were no significant commitments such as pledges, guarantees or collateral, or any other significant off-balance sheet commitments.
The Publicis Groupe structure has been developed to provide the Group’s clients with comprehensive, holistic communication services involving all disciplines. As of January 1, 2020, Publicis Groupe has defined 10 key markets (country or region) which has led to operating segments being redefined. These 10 countries or regions are each run or supervised by a single person and overseen day-to-day by a single Executive Committee, bringing together members with a wide range of expertise. They are thus structured to offer our clients a broad-based solution that meets their needs.
The Group has therefore identified 10 operating segments corresponding to the geographic regions in which it operates: United States, Canada, United Kingdom, France, DACH (Germany, Austria and Switzerland), Asia-Pacific & Africa-Middle East. Northern and Central Europe, Western Europe, Latin America (excluding Brazil) and Brazil.
Those operating segments with similar economic characteristics (similar margins), or where the nature of services provided to clients and the type of clients at which they are aimed are similar, have been grouped into five reporting segments: North America, Europe, Asia‑Pacific, Middle‑East Africa and Latin America.
