Euronext - 2019 Universal Registration Document

Selected historical consolidated financial information and other financial information 5

Selected Statement of Cash Flows Data

Year ended 31 December 2019 31 December 2018 31 December 2017

In thousands of euros

Net cash provided by operating activities

253,771

223,512

207,003

Net cash (used in) investing activities

(607,307)

(215,152)

(185,093)

Net cash provided by/(used in) financing activities

327,678

202,012

(8,524)

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS

(25,858)

210,372

13,386

Cash and cash equivalents – Beginning of year

398,018

187,785

174,501

(2,338)

(139)

(102)

Non-cash exchange gains/(losses) on cash and cash equivalents

CASH AND CASH EQUIVALENTS – END OF YEAR

369,822

398,018

187,785

OTHER FINANCIAL INFORMATION

Non-IFRS financial measures Euronext uses the following non-IFRS measures as supplemental measures since it believes they provide meaningful supplemental information regarding its financial and operational performance. These measures should not be used instead of, or considered as alternatives to operating result or any other performance measure derived in accordance with IFRS: n EBITDA; n EBITDA margin. Non-IFRS measures are not prepared in accordance with IFRS and may be different from, and not comparable to, similarly titled measures reported by other companies. These measures should be read in conjunction with the Consolidated Financial Statements: n EBITDA is defined as the operating profit before exceptional items and depreciation and amortisation, please refer to section 7.1.1 for further details; n EBITDA margin is defined as the operating profit before exceptional items and depreciation and amortisation, divided by total revenue.

Reconciliation of EBITDA and EBITDA margin

Year ended 31 December 2019 31 December 2018 31 December 2017

In thousands of euros (except for percentages)

Operating profit before exceptional items

355,744

330,850

280,850

Depreciation and amortization

(43,676)

(23,400)

(16,932)

Operating profit before exceptional items and depreciation and amortisation (EBITDA)

399,420

354,250

297,782

615,033

532,294

TOTAL REVENUE

679,108

EBITDA margin (a) 56% (a) EBITDA margin is a non-IFRS measure and is not audited. EBITDA margin should not be considered as an alternative to, or more meaningful than, and should be read in conjunction with, operating profit before exceptional items. 59% 58%

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2019 UNIVERSAL REGISTRATION DOCUMENT