QUADIENT - 2019 Universal Registration Document

QUADIENT IN BRIEF

FINANCIAL PERFORMANCE

INCOME STATEMENT

ORGANIC GROWTH (1) (annual growth rate)

CURRENT EBIT (2) (in million euros)

SALES (in million euros)

NET INCOME (in million euros)

1,143

1,112

1,092

134

185

202

199

92

+1.6%

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+0.2%

2017

2019

2019

2019

2019

2017

2018

2017

2018

2017

2018

2018

In 2019, recurring revenue accounted for 68% of the Group's total sales

Current EBIT remained at a high level thanks to the improved profitability of Additional Operations and despite increased investments

Net income for 2019 includes asset depreciations related to non-strategic activities, for € 78 million

-2.2%

Performance in 2019 was driven by the three growth engines and a better resilience of Mail-Related Solutions

(1) Growth excluding currency and scope effects (2) Before acquisitions-related expenses

FINANCIAL STRUCTURE

(in million euros)

933

931

927

216

225

235

675

668

617

81

711

706

698

587

31/01/2018

31/01/2019

31/01/2020

Quadient's net debt is backed by future cash flows from its rental operations, leasing portfolio, and other financing services.

Net financial debt

Leasing portfolio Future cash flow from rental operations

Net financial debt excluding IFRS 16 impact IFRS 16 impact

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UNIVERSAL REGISTRATION DOCUMENT 2019