QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Analysis of Quadient S.A.’s annual results

6.3.3

FINANCIAL INCOME

Net financial income amounts to 34.6 million euros, up from 9.5 million euros as at 31 January 2020. Dividends received by the Company totaled 64.6 million euros as at 31 January 2021 compared with 75.6 million euros as at 31 January 2020. Net interest income from the Group's subsidiaries totals 18.2 million euros (18.8 million as at 31 January 2020), before recognition of a loss on receivables on investments of 26.9 million euros (1.8 million as at 31 January 2020). Interest expenses for external borrowings stand at 35.0 million euros (41.3 million euros as at 31 January 2020). Net financial depreciation are recorded for (33.1) million euros as at 31 January 2021 (81.3 million euros as at 31 January 2020).

6.3.4

EXTRAORDINARY INCOME

Quadient S.A.’s extraordinary loss amounts to 0.2 million euros compared with a loss of 0.5 million euros as at 31 January 2020. Treasury share disposals under the liquidity contract generate 1.0 million euros (0.2 million euro as at 31 January 2020) of extraordinary income on capital transactions and 1.2 million euros (0.7 million euros as at 31 January 2020) of extraordinary expenses on capital transactions.

6.3.5

NET INCOME

Net income amounts to 29.6 million euros (11.1 million euros as at 31 January 2020), after a net tax benefit of 6.6 million euros (6.4 million euros as at 31 January 2020), In accordance with the article 223 quater of the French general tax code (CGI), the financial statements for the current year include 95,185 euros of non-tax-deductible expenses (article 39-4 of the CGI), but do not include the non-tax-deductible general expenses (article 39-5 of the CGI).

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6.3.6

SHAREHOLDERS’ EQUITY

Quadient S.A.’s shareholders’ equity amounts to 381.8 million euros as at 31 January 2021, an increase of 17.6 million euros year-on-year. This increase corresponds to the 2020 net income after deduction of 12.0 million euros paid to shareholders for the 2019 dividends.

6.3.7

TRADE PAYABLES AND RECEIVABLES AGEING

Invoices received and issued not paid at the end of the financial year and for which the payment term has expired (article D.441-4)

31 January 2021

Number of invoices

Trade payables – Ageing Not due • Between 1 and 30 days • Between 31 and 60 days • Between 61 and 90 days • More than 90 days •

13.8

127

0.2

11

0.0

4

0.0

9

0.0

39

TOTAL

14.0

190

211

UNIVERSAL REGISTRATION DOCUMENT 2020