QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

HEADCOUNT AND EMPLOYEE BENEFITS NOTE 9

Headcount

9-1:

The geographical breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, is as follows:

France - Benelux

United Kingdom Ireland

Germany Austria Switzerland Italy

Rest of the world

North America

Total

31 January 2022

1,171

1,802

913

430

663

4,979

31 January 2021

1,471

1,740

906

437

681

5,235

The breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, by type of activity is as follows:

Research & development

Sales

Services

Manufacturing

Leasing

Administration

Total

31 January 2022

1,684

1,185

472

643

61

934 4,979

31 January 2021

1,685

1,242

598

664

63

983

5,235

On 31 January 2022, the Group had 151 temporary staff compared with 108 as of 31 January 2021.

6

Employee benefits 9-2:

Employee benefits are measured in accordance with IAS 19. They comprise short-term benefits, long-term benefits and post-employment benefits. Group employees are entitled to short-term benefits such as paid vacation, paid sick leave, bonuses and other benefits (other than termination benefits), payable within twelve months of the end of the period in which the corresponding services are rendered by employees. These benefits are recorded in current

liabilities and expenses of the period in which the service is rendered by the employee. Long-term benefits (during employment), payable before the employee’s departure, correspond primarily to long-service bonuses. Post-employment benefits are paid when an employee retires and include retirement bonuses, supplementary pension benefits and coverage of certain medical costs for retired employees and employees on early retirement.

31 January 2022

31 January 2021

Wages and salaries, bonuses and commissions

333.3

338.1

Social costs

92.5

90.9

Share-based payments

0.5

0.2

Pension expenses under defined contribution plans

0.6

0.6

TOTAL

426.9

429.8

191

UNIVERSAL REGISTRATION DOCUMENT 2021