QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

Interna

Inno vation

Major Operations

Additional Operations

31 January 2021

FR-BNL NORAM DACH-IT UK-IE

tional

Total sales

1,029.4

186.6 501.3 101.0 79.6 50.7

0.1

919.3

110.1

Segment income

151.6

42.2 93.1

12.5 9.5

4.5 (9.1)

152.7

(1.1)

16.6

(1.0)

14.7

22.6

18.6

12.4

11.9

8.9

in percentage

n/a

Expenses related to acquisition

(19.5)

Current operating income

132.1

Structure optimization expenses

(16.4)

Proceeds from net assets sales

(0.2)

Other operational expenses and income

(19.6)

Operating income

95.9

Financial result

(31.6)

Share of results of associated companies

0.9

Income taxes

(23.8)

NET INCOME

41.4

Transfer prices between divisions are the prices that would have been set under normal competitive conditions, as for a transaction with third parties. The financial result is mainly due to the financial costs associated with each line of debt. The breakdown of the

impacts of hedge accounting is presented in note 11 for the portion of derivative financial instruments related to foreign exchange and interest rates.

The balance sheet breaks down by segment as follows:

Major Operations

Additional Operations

31 January 2022

FR-BNL NORAM DACH-IT UK-IE International

Other

Segment assets

895.0 920.1

215.2 288.6

87.9

2,406.8

26.9 612.3 3,046.0

TOTAL ASSETS

3,046.0

Segment liabilities

128.9 293.2

64.2 92.0

40.1

618.4

22.8 1,045.9

1,687.1

Equity

1,358.9

TOTAL LIABILITIES

3,046.0

Major Operations

Additional Operations

31 January 2021

FR-BNL NORAM DACH-IT UK-IE International

Other

Segment assets

887.5 852.8 212.9 271.7

86.1

2,311.0

13.2 636.1

2,960.3

Total assets

2,960.3

Segment liabilities

139.9 274.1

64.1

96.6

38.8

613.5

24.5 1,081.9

1,720.0

Equity

1,240.3

Total liabilities

2,960.3

186

UNIVERSAL REGISTRATION DOCUMENT 2021