QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

NOTE 1

PRESENTATION OF THE COMPANY

Quadient S.A. is a French law Company, listed on Paris stock exchange and located at 42-46, avenue Aristide Briand, 92220 Bagneux (France).

was the result of deploying the new Group organization as part of the Group’s “Back to growth” strategy, moving away from companies operating independent businesses to a single company with an integrated portfolio of solutions. ACQUISITION OF YAYPAY On 29 July 2020, Quadient Holdings USA acquired 100 of the company YayPay, leading Fintech company specialized in account receivables automation solutions. On 28 February 2020, Quadient divested the company ProShip Inc., a global provider of automated multi-carrier shipping software. On 21 January 2021, Quadient divested the company Quadient Oceania Pty Ltd. IMPAIRMENT ON INVESTMENTS, LOANS AND WAIVER OF DEBTS Waiver of debts for an amount of 18.9 million euros accorded to Neopost Shipping Holding Pty, of 6.9 million euros accorded to Temando LLC and 1.1 million euros accorded to Neopost Mailing Logistic Systems are recorded this year. Related depreciation reversals of 46.1 million euros are recorded as at 31 January 2021. A depreciation of the loan accorded to Neopost Holding Pty Ltd of 17.1 million euros is recorded. The impairment test on investments has been performed and leads to the impairment of investments in Quadient Japan for 2.1 million euros and Neopost Asia Pacific (Holding) Pte Ltd for 2.3 million euro The year 2020 has been marked by the global health crisis resulting from the COVID-19 circulation. Containment measures have been implemented in many countries where Quadient operates. With the spread of the virus, the priority for Quadient has been the health and the security of its employees. Since the beginning of this crisis, the Group has adopted a number of measures to keep its employees safe and to ensure the business continuity to its customers while containing the effects of the crisis on its profitability. These measures include in particular a strong costs reduction program (temporary recruitment freezes, drastic reduction in subcontractors, reduction of bonuses…), partial unemployment wherever possible, further use of home working, providing protection material for the employees… European manufacturing sites have been affected to various degrees from a strong decline in activity for some to a total several months closing for others. An impairment test on investments has been performed and leads to the impairments mentioned aboved. PANDEMIC COVID-19 SALE OF PROSHIP INC. AND QUADIENT OCEANIA PTY LTD

Key dates

1992: Quadient S.A., holding Company of the Quadient Group, was created through a leveraged buyout (LBO) of Alcatel’s mail processing equipment division; 1997: a second LBO took place; 1999: Quadient was listed on the Premier Marché of Euronext Paris stock market on 23 February at a price of 15 euros per share; 2002: acquisition of Ascom Hasler, the mailing systems division of the Swiss company Ascom; 2009: Quadient enhanced its service offering with the acquisition of Satori Software, one of the world market leaders in postal address quality management tools; 2012: acquisition of GMC Software Technology, a leader in the market of Customer Communications management (CCM) and Human Inference, specialist in Data Quality and Master Data management (MDM); 2013: acquisition of DMTI Spatial, the leading Canadian provider of location-based data quality solutions; 2014: acquisition of ProShip, a leading American provider of high-volume multi-carrier parcel shipping solutions; 2015: acquisition of a majority stake in Temando Holding Pty Ltd, an Australian company providing logistic solutions for the e-commerce sector; 2016: Yamato Transport and Quadient formed a joint venture to launch an open parcel locker network in Japan; acquisition of Icon Systemhaus GmbH, the German leader in Customer Communications management solutions; 2017: disposal of DMTI Spatial; increase in participation of Temando to 100 ; 2018: disposal by the american subsidiary Quadient Holding USA Inc. of Satori Software and acquisiton by the same subsidiary of Parcel Pending Inc.; 2019: disposal by the dutch subsidiary Mailroom Holding BV of Quadient Data Netherlands BV (former Human Inference).

6

Highlights of 2020

CHANGE OF THE NAME AND THE VISUAL IDENTITY

The change of the name of the holding from Neopost S.A. to Quadient S.A. was approved by the Annual General Meeting on 6 July 2020. This choice of an unified brand

219

UNIVERSAL REGISTRATION DOCUMENT 2020