QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

Instrument valuations Derivative instruments are recognized in accordance with financial instruments. In light of the immaterial impact of the accounting principles and methods presented in credit risk, Quadient does not recognize them in the note 11–4-1. According to IFRS 13, Quadient implements financial statements on 31 January 2022. credit risk methodology concerning the valuation of

Changes recognized in the income statement

Changes recognized through equity – Fair value via OCI*

Changes recognized through equity – Aligned cost of hedge

Changes recognized in the income statement – Fair value via P&L

31 January 2021

– Non aligned cost of hedge

31 January 2022

Notional value

Financial assets

0.4

-

0.3

(0.1)

(0.2)

0.4

Cash flow hedge

0.5

-

0.3

(0.1)

(0.1)

0.6

Ineffective hedge

(0.1)

-

-

-

(0.1)

(0.2)

Financial liabilities

0.2

-

0.4

-

0.2

0.8

Cash flow hedge

0.2

-

0.4

-

0.2

0.8

Ineffective hedge

-

-

-

-

-

-

*

OCI: Other Comprehensive Income.

Sensitivity of the instruments Concerning the financial

instruments hedging the 10 decrease in the foreign currency versus the euro

operations carried out in financial year 2021 for which the would be a 2.0 million euros gain. commitments are still in the balance sheet at year-end, the impact of a 10 increase in the foreign currency versus the euro would be a 2.3 million euros loss. The impact of a

Concerning the operations hedging the 2022 budget positions, the sensitivity to an exchange rate change is detailed in the tables below.

6

For a 10 increase in foreign currency versus the euro:

Impact on equity

Impact on net income

Financial assets

1.4

0.1

Financial liabilities

(4.4)

(1.0)

For a 10 decrease in foreign currency versus the euro:

Impact on equity

Impact on net income

Financial assets

3.3

-

Financial liabilities

(0.8)

(0.2)

Exchange rate deal counterparty risk Operations are carried out with first rank international banks that are involved in the revolving credit facility.

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UNIVERSAL REGISTRATION DOCUMENT 2021