QUADIENT // 2021 Universal Registration Document

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FINANCIAL STATEMENTS Consolidated financial statements

11-2-7: CREDIT LINES

The Group had the following revolving credit facility as of 31 January 2022 which can be drawn in euros (EUR) and United States dollars (USD):

Amount of the credit line

Amounts drawn at 31 January 2022

Number of banks in the pool

Expiry of facility

Bank pool

EUR 400 million

-

June 2024

11

Interest rates are indexed to EURIBOR or LIBOR USD plus a vary between 0.50 and 1.15 . An additional margin of margin depending on the leveraged ratio based on the 0.25 is added to the margin for the drawdown in United consolidated financial statements excluding leasing States dollars. activity. The margin is currently fixed at 0.50 and may

11-2-8: FAIR VALUE OF DEBTS

The book values of current loans and variable rate debts are close to their fair values. Fixed rate debts are analyzed as follows:

31 January 2022

Accrued interest

Fair value +50 bps

Fair value -50 bps

Book value

Fair value

Bond issue – Quadient S.A. 2.25 325 MEUR

331.1

7.3

330.2

333.8

324.1

Schuldschein EUR

150.9

1.7

150.7

153.3

149.1

Schuldschein USD

47.4

0.3

46.5

47.8

45.2

Financial income and expenses 11-3:

11-3-1: ACCOUNTING PRINCIPLES

Effective interest rate The effective interest rate is the rate used to precisely discount future cash flows to maturity, to obtain the net value of the debt at the initial recognition date. To calculate the effective interest rate of a financial debt, the future cash flows are determined based on the contractual repayment dates. Transaction costs Transaction costs are the marginal costs directly attributable to the arrangement of a credit facility.

These include fees and commissions paid to brokers and advisers, levies charged by the market authorities, stock exchange fees and transfer taxes and duties. However, they do not include issue premiums, the allocation of internal administrative expenses and head office expenses. For financial debt measured at amortized cost, transaction costs are included in the amortized costs calculation using the effective interest rate method and are amortized in the income statement over the life of the instrument.

11-3-2: COST OF DEBT

The net financing cost rate, calculated from the net cost of debt, i.e. 21.9 million euros, divided by the average net debt (average financial debt – average cash and cash equivalents) during the year, equals 2.69 .

The table below represents the gross cost of debt by currency after exercise of the hedging instruments and the effects of the valuation of portfolio interest rate transactions for the financial year ended on 31 January 2022. The calculation is based on the debt detailed in the note 11-2-2.

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UNIVERSAL REGISTRATION DOCUMENT 2021