Euronext - 2020 Universal Registration Document

Selected Historical Consolidated Financial Information, Other Financial Information and Unaudited Pro Forma Combined Financial Information 5 Unaudited Pro Forma Combined Financial Information

5.3.4

UNAUDITED PRO FORMA COMBINED STATEMENT OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

Other Pro Forma adjustments

Pro Forma Financial Information

Borsa Italiana reclassified

Accounting policy impacts

Business combination

Euronext historical

Note 1

Note 2

Note 3

Note 4

Year ended 31 December 2020

Year ended 31 December 2020

(in thousands of euros)

Revenue

884,318

417,173

1,301,490

Net treasury income through CCP business*

–

55,687

55,687

Other income*

–

6,326

6,326

TOTAL REVENUE AND INCOME Salaries and employee benefits

884,318

479,186

–

–

–

1,363,504

(198,970)

(87,657)

(286,627)

(15,312) (b)

604 (b)

(139,037)

(57,776)

(73,846)

7,292 (b)

Depreciation and amortisation

(287,167)

Other operational expenses

(165,300)

(113,607)

(8,261) (b)

Operating profit before exceptional items

462,272

204,076

(969)

(15,312)

604

650,672

(48,315)

Exceptional items

(17,330)

29

(31,014) (b)

Operating profit

444,942

204,105

(969) 160 (b)

(15,312)

(30,410)

602,357

(15,612) (a)(b)

(36,878)

Finance costs

(17,262)

(4,164)

Change in fair value of financial liabilities

263

–

263

Other net financing income/(expense)

4,199

1,294

5,493

Results from equity investments

1,646

–

1,646

Share of net profit/(loss) of associates and joint ventures accounted for using the equity method, and impairments thereof

8,916

–

8,916

Profit before income tax

442,704

201,235

(809)

(15,312)

(46,022)

581,797

3,600 (d)

(173,872)

Income tax expense

(122,157)

(51,492)

(3,823) (c)

PROFIT FOR THE PERIOD Profit attributable to: n Owners of the parent

320,547

149,743

(809)

(19,134)

(42,422)

407,925

315,484

144,407

(506)

(19,134)

(42,422)

397,829

n Non-controlling interests

5,063

5,336

(303)

(10,096)

* Line items used by Borsa Italiana Group in their Consolidated Financial Statements and not previously used by Euronext N.V. (see Note 2).

5.3.5

NOTES TO THE UNAUDITED PRO FORMA FINANCIAL INFORMATION

NOTE 1

RECLASSIFICATIONS

as additional information becomes available and additional analyses are performed, more presentation differences between the two companies may be identified. The preliminary review performed by the management of both Euronext N.V.’s and Borsa Italiana Group’s Consolidated Financial Statements presentation did not result in the identification of other presentation differences that could have a material impact on the Unaudited Pro Forma Combined Financial Information.

Apreliminary reviewhas been completed to assess if reclassifications are necessary in the Unaudited Pro Forma Financial Information to conform Borsa Italiana Group’s to Euronext N.V.’s balance sheet and statement of profit or loss presentation. These reclassifications relate to different balance sheet and statement of profit or loss line items used by Euronext N.V. andminor differences in classification of certain balances. Upon consummation of the Transaction, a detailed review of Borsa Italiana Group’s Consolidated Financial Statements presentation will be conducted. As a result of that comparison and

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2020 UNIVERSAL REGISTRATION DOCUMENT