QUADIENT // 2021 Universal Registration Document

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FINANCIAL STATEMENTS Quadient S.A. statements of financial position

FINANCIAL DEBTS NOTE 10

As of 31 January 2022 and 31 January 2021, debts break down as follows:

Less than one year

One to five years

More than five years

31 January 2022

31 January 2021

Undated bonds (ODIRNANE) (a)

1.1

265.0

-

266.1

266.1

Bond Issue – Quadient S.A. 2.50 (b) Bond Issue – Quadient S.A. 2.25 (c)

-

-

-

-

165.6

7.3

323.8

-

331.1

331.0

Schuldschein (d)

39.9

515.1

-

555.0

413.1

Revolving credit facility (e)

0.1

-

-

0.1

0.1

Loan Quadient Ireland Ltd

0.6

-

-

0.6

0.6

TOTAL

49.9

1,103.9

-

1,152.9

1,176.5

On 16 June 2015, Quadient S.A. issued a net share settled undated senior unsecured bonds convertible into new shares (a) and/or exchangeable for existing shares (ODIRNANE) for a notional amount of 265.0 million euros representing 4,587,156 shares with a nominal value of 57.77 euros. This bond is traded on the open market “Freiverkehr” of the Frankfurt stock exchange under ISIN code FR0012799229. Quadient issued an inaugural 350 million euros public bond on 23 June 2014 listed on Euronext Paris under ISIN number (b) FR0011993120 after filing a prospectus with the Autorité des Marchés Financiers (approval number 14-310 of 19 June 2014). This bond carries a fixed interest of 2.50 and is payable on 23 June 2021. On 5 February 2020, Quadient bought back on the market a nominal of 15.0 million euros in addition to the 148.8 million euros bought back earlier on 23 January 2020. bringing the notional outstanding amount to 163.2 million euros. This obligation was reimbursed on 23 March 2021, Quadient having exercised his prepayment option at par 3 months before maturity. Quadient issued a 325 million euros public bond on 23 January 2020 listed on Euronext Paris under ISIN number (c) FR0013478849 after filing a prospectus with the Autorité des Marchés Financiers (approval number 20-018 of 21 January 2020). This bond carries a fixed interest of 2.25 and is payable on 3 February 2025 In February 2017, Quadient concluded private placements under German law (Schuldschein) consisting of ten tranches (d) with different maturities between three and six years for a total amount of 135.0 million euros and 86.5 million United States dollars. In May 2019, Quadient concluded private placements under German law (Schuldschein) consisting of nine tranches with different maturities of between four and seven years for a total amount of 130.0 million euros and 90.0 million United States dollars. In February 2020, Quadient concluded private placements under German law (Schuldschein) consisting of four tranches with different maturities of between four and five years for a total amount of 30.5 million euros and 13.0 million United States dollars. In November 2021, Quadient concluded private placements under German law (Schuldschein) consisting of 12 tranches with different maturities between five and seven years for a total amount of 178.0 million euros and 105.0 million United States dollars. On 20 June 2017, Quadient S.A. arranged a revolving credit line for drawdown in euros and in United States dollars for an (e) initial amount equivalent to 400.0 million euros for a period of five years. The maturity of the revolving credit line has been extended to the 20 June 2024, thanks to the exercise of an extension option. The interest rate is indexed to the EURIBOR or LIBOR USD over the relevant drawdown period plus a margin depending on the debt coverage ratio by the EBIDTA calculated on the Group’s consolidated financial statements excluding leasing activities. At the end of January 2022, Quadient S.A. does not use that credit facility.

With the exception of the bond issue – Quadient S.A. 2.25 and the ODIRNANE which are not subject to any covenant, the various debts (private placements, Schuldschein and revolving credit facilities) are subject to financial covenants based on consolidated financial statements. Failure to comply with these covenants may lead to early repayment of the debt. Quadient complies with all covenants as of 31 January 2022.

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UNIVERSAL REGISTRATION DOCUMENT 2021