QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

Debts maturity as of 31 January 2022 is as follows:

Gross value

Less than 1 year

One to five years More than 5 years

Undated bonds (ODIRNANE)

266.1

1.1

265.0

-

Bonds issue – Quadient S.A. 2.25

331.1

7.3

323.8

-

Schuldschein

555.0

39.9

515.1

-

Bank loans

0.1

0.1

-

-

Quadient Ireland Ltd loan

0.6

0.6

-

-

Trade payables

11.2

11.2

-

-

Tax and social security liabilities

0.2

0.2

-

-

Other debts

352.2

352.2

-

-

TOTAL

1,516.5

412.6

1,103.9

-

INCOME STATEMENT NOTE 11

Operating income

11-1:

Quadient S.A.’s operating loss amounts to 6.5 million euros compared with a loss of 11.4 million euros for the previous year, and it breaks down as follows:

31 January 2022

31 January 2021

6

Assistance to subsidiaries

18.5

20.0

Brand royalties

6.8

9.0

Rebilling of costs paid on behalf of subsidiaries

5.4

4.7

Reversal of depreciation and amortization, transfer of expenses

1.6

0.2

Other revenues

0.1

0.0

Revenue from operations

32.3

33.9

Wages, bonuses, commissions and payroll charges

(13.2)

(16.0)

Fees

(5.1)

(5.4)

Expenses related to acquisitions

(5.4)

(7.7)

Purchases, maintenance

(0.6)

(0.8)

Transport and travel, seminars

0.1

(1.0)

Staff seconded

(8.8)

(6.4)

Insurance

(1.0)

(0.8)

Taxes

(0.7)

(0.9)

Rents and associated costs

(0.9)

(0.9)

Compensation of directors

(0.5)

(0.5)

Treasury shares delivered (for the allocation of free shares)

(0.6)

(0.6)

Borrowing expenses

(0.2)

(0.3)

Depreciation and amortization expenses

(1.6)

(3.8)

Other expenses

(0.3)

(0.2)

Operating expenses

(38.8)

(45.3)

OPERATING INCOME

(6.5)

(11.4)

The management fees contracts and brand name contracts generate an income of 25.3 million euros as at 31 January 2022 compared with 29.0 million euros as at 31 January 2021.

241

UNIVERSAL REGISTRATION DOCUMENT 2021