QUADIENT - 2020 Universal Registration Document

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FINANCIAL STATEMENTS Quadient S.A. statements of financial position

31 January 2021

31 January 2020

Impairment on investments Neopost SDS Ltd

(4.6)

(4.6)

Rena GmbH

(6.3)

(6.3)

Neopost Shipping Holding Pty Ltd

(20.5)

(20.5)

Neopost Holdings Pty Ltd

(34.9)

(34.9)

Quadient Finland Oy

(1.8)

(1.8)

Quadient Norge AS

(2.8)

(2.8)

Quadient Sverige AB

(9.7)

(9.7)

Quadient Denmark A/S

(14.6)

(14.6)

Quadient Japan

(2.1)

-

Neopost Asia PAcific (Holding) Pte Ltd

(2.3)

-

Investments – Total impairment

(99.6)

(95.2)

Loans – Total impairment

(17.1)

(24.9)

Total impairment

(116.7)

(120.1)

TOTAL NET VALUE

1,148.8

1,375.8

Changes in the loans impairment are explained by the followings: the depreciation reversal of Neopost Shipping Holding ● Pty Ltd’s loan for 24.9 million euros, following the write-off of this receivable for 18.9 million euros as at 31 January 2021; the recognition of a depreciation of Neopost Holdings ● Pte Ltd’s loan for 17.1 million euros. An impairment test has been carried out on Quadient S.A. financial assets as at 31 January 2021 and leads to the depreciation of investments in Quadient Japan for 2.1 million euros and Neopost Asia Pacific (Holding) Pte Ltd for 2.3 million euros.

Changes in the financial assets gross value over the period are mainly due to: the capital increase in Quadient Sverige of 1.0million ● euros; the distribution received from X’Ange for 2.9 million ● euros; the distribution received from Partech Entrepreneur II ● for 0.9 million euros; the decrease of (39.1) million euros in long-term loans to ● the Group’s subsidiaries including a reclassification from long term to short term of Quadient Finance Ireland loan for an amount of (188.0) million euros; the decrease of the Equity loan to Neopost Mailing ● Logistic Systems (0.3) million euros, recorded as a loss for the year; the decrease of the liquidity contract of 0.3 million ● euros.

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UNIVERSAL REGISTRATION DOCUMENT 2020