QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

TABLES OF VARIATIONS OF THE ASSETS RIGHT-OF-USE AND THE LEASE OBLIGATIONS ❚ As of 31 January 2022, the net assets right-of-use amounts to 53.4 million euros.

Other intangible assets

Assets right-of-use

Buildings

Gross value at 31 January 2021

112.7

19.3

132.0

New contracts/renewals

6.4

3.7

10.1

Other changes*

(6.7)

-

(6.7)

Translation differences

3.8

-

3.8

Gross value at 31 January 2022

116.2

23.0

139.2

Amortization at 31 January 2021

(57.8)

(11.6)

(69.4)

Charges

(14.1)

(5.1)

(19.2)

Other changes*

4.8

-

4.8

Translation differences

(1.9)

(0.1)

(2.0)

Amortization at 31 January 2022

(69.0)

(16.8)

(85.8)

NET BOOK VALUE AT 31 JANUARY 2022

47.2

6.2

53.4

Other changes concern terminated contracts or contracts not renewed in 2022. *

As of 31 January 2022, the lease obligations amount to 64.9 million euros including 44.4 million euros of long-term portion.

31 January 2021

Debt modification

Translation differences

Other variations*

31 January 2022

Reimbursements

6

Non–current lease obligations

53.8

3.9

-

2.4

(15.7)

44.4

Current lease obligations

19.8

6.2

(20.6)

-

15.1

20.5

LEASE OBLIGATIONS

73.6

10.1

(20.6)

2.4

(0.6)

64.9

Other variations are mainly related to reclassifications and divestment impacts. *

CASH FLOW DETAILS NOTE 8

Cash flows correspond to consolidated balance sheet financial statements denominated in items. However, these flows may differ from balance foreign currencies and changes in the scope of sheet changes in particular due to the translation of consolidation. operations in foreign currencies, translation of subsidiaries’

Expenses (income) with no cash effect or with cash effect below operating activities 8-1:

31 January 2022

31 January 2021

Amortization of fixed assets

109.6

113.9

Provisions (reversals)

(6.7)

3.2

(Gains) and losses on changes in fair value

(16.7)

(0.9)

(Proceeds) expenses from share-based payments

0.5

0.2

Reversal of earn out not paid

-

(6.5)

Quadient Oceania divestment

-

18.8

Automated packaging solutions business divestment

6.7

-

Other

0.5

3.5

TOTAL

93.9

132.2

189

UNIVERSAL REGISTRATION DOCUMENT 2021