QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

31 January 2022

31 January 2021

Loans to subsidiaries

322.6

322.6

Liquidity contract

1.0

1.1

Total gross value

1,302.4

1,265.5

Impairment on investments Neopost SDS Ltd

(4.6)

(4.6)

Rena GmbH

(6.3)

(6.3)

Neopost Shipping Holding Pty Ltd

(20.5)

(20.5)

Neopost Holdings Pty Ltd

(34.9)

(34.9)

Quadient Finland Oy

(1.8)

(1.8)

Quadient Norge AS

(2.8)

(2.8)

Quadient Sverige AB

(9.7)

(9.7)

Quadient Denmark A/S

(14.6)

(14.6)

Quadient Japan

(2.1)

(2.1)

Neopost Asia Pacific (Holding) Pte Ltd

(2.3)

(2.3)

Investments – Total impairment

(99.6)

(99.6)

Loans – Total impairment

-

(17.1)

Total impairment

(99.6)

(116.7)

TOTAL NET VALUE

1,202.8

1,148.8

6

Changes in the financial assets gross value over the period are due to: the 38.8 million euros capital increase in Quadient ● Canada; the distribution received from X’Ange Capital 2 for ● 1.3 million euros; the distribution received from Partech Entrepreneur II ● for 1.8 million euros; the contribution paid to X’Ange Capital 4 for 1.3 million ● euros;

the decrease of the liquidity contract of 0.1 million ● euros. Changes in the loans impairment are explained by the followings: the depreciation reversal of Neopost Holding Pty Ltd’s ● loan for 17.1 million euros, following the write-off of this receivable for the same amount as of 31 January 2022. An impairment test has been carried out on Quadient S.A. financial assets as of 31 January 2022 and leads to any additional impairment.

NOTE 5

RECEIVABLES

Trade receivables are valued at their nominal value. When appropriate, depreciations have been booked to take into potential recovery difficulties.

31 January 2022

31 January 2021

Subsidiary current accounts – cash facility Quadient CXM Switzerland AG

13.6

3.1

Quadient CXM Czech s.r.o.

2.7

2.2

Quadient CXM Canada Inc.

17.6

1.6

Quadient CXM Denmark Aps

1.1

1.4

Quadient Data UK Ltd

3.2

2.6

Quadient Singapore Pte Ltd

3.8

4.0

Quadient CXM Italy

-

0.1

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UNIVERSAL REGISTRATION DOCUMENT 2021