Future payments relating to financing activities and future payments relating to lease liabilities are as follows:
| Maturities | |||||||
|---|---|---|---|---|---|---|---|
| (in millions of euros) | Total | 1 Year | 1-2 Years | 2-3 Years | 3-4 Years | 4-5 Years | +5 Years |
| Bonds | 2,384 | 777 | 22 | 22 | 773 | 14 | 776 |
| Earn-out commitments | 355 | 44 | 94 | 119 | 40 | 58 | - |
| Commitments to buy-out non-controlling interests | 84 | 21 | 1 | - | 43 | 19 | - |
| Other financial liabilities | 54 | 45 | 5 | 1 | 1 | 1 | 1 |
| Total future payments relating to financial liabilities | 2,877 | 887 | 122 | 142 | 857 | 92 | 777 |
| Fair value of derivatives | 154 | 9 | - | - | 69 | - | 76 |
| Total future payments relating to financing activities | 3,031 | 896 | 122 | 142 | 926 | 92 | 853 |
| Total future lease payments (1) | 2,762 | 442 | 401 | 308 | 290 | 266 | 1,055 |
| Maturities | |||||||
|---|---|---|---|---|---|---|---|
| (in millions of euros) | Total | 1 Year | 1-2 Years | 2-3 Years | 3-4 Years | 4-5 Years | +5 Years |
| Bonds (excl. accrued interest) | 3,021 | 637 | 777 | 22 | 22 | 773 | 789 |
| Earn-out commitments | 253 | 48 | 86 | 109 | 6 | 4 | - |
| Commitments to buy-out non-controlling interests | 23 | 16 | 7 | - | - | - | - |
| Other financial liabilities | 71 | 61 | 5 | 1 | 1 | 1 | 2 |
| Total future payments relating to financial liabilities | 3,368 | 762 | 875 | 132 | 29 | 778 | 791 |
| Fair value of derivatives | 153 | 36 | 23 | - | - | 39 | 55 |
| Total future payments relating to financing activities | 3,521 | 798 | 898 | 132 | 29 | 817 | 846 |
| Total future lease payments (1) | 2,820 | 423 | 385 | 355 | 273 | 237 | 1,147 |
To cover liquidity risk, Publicis has substantial cash and cash equivalents totaling euro 3,644 million at December 31, 2024, and an unused confirmed credit line of euro 2,000 million as of December 31, 2024. This credit line is a multi-currency syndicated loan established in July 2024, maturing in 2029 (with two extension options of one year each), which cancels and replaces the previous €1,579 million line maturing in 2026. These immediately or almost immediately available sums allow the Groupe to meet its general funding requirements.
Apart from bank overdrafts, most of the Groupe’s debt is comprised of bonds, none of which are subject to financial covenants. They only include standard events of default clauses (liquidation, cessation de paiements, default on the debt itself or on the repayment of another debt above a given threshold) which are generally applicable above a threshold of euro 75 million.
The Groupe has not established any credit derivatives to date.
