QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

Loan/borrowing/ short-term advance

Notional amount of financial instruments (b)

Subsidiary

Currency

Amount

Quadient Japan

Short term loan

JPY

376.6

Quadient Singapore Pte Ltd

Short term advance

JPY

(189.1)

Packcity Japan

Loan

JPY

3,213.0

Quadient International Supply

Short term loan

JPY

49.1

3,451.9

Quadient Norge

Short term loan

NOK

1.6

Quadient Finance Norge

Short term advance

NOK

(6.4)

Quadient Finance Ireland

Short term loan

NOK

35.7

32.5

Quadient Sverige

Short term advance

SEK

(9.7)

Quadient Finance Ireland

Short term loan

SEK

38.3

Quadient Finance Sweden

Short term advance

SEK

(4.6)

24.0

Quadient Finance Ireland

Short term loan

DKK

26.7

Quadient CXM Denmark

Short term loan

DKK

8.2

Quadient Denmark

Short term advance

DKK

(36.1)

Quadient Finance Denmark

Short term advance

DKK

(3.9)

(5.6)

Quadient Canada Ltd

Loan

CAD

62.1

Quadient CXM

Short term loan

CAD

16.2

Quadient CXM Canada, Inc.

Short term advance

CAD

(26.5)

51.8

Quadient CXM

Short term advance

CZK

(116.1)

Quadient Technologies Czech s.r.o

Short term advance

CZK

(58.2)

6

Quadient CXM Czech s.r.o

Short term advance

CZK

(59.2)

(233.7)

Quadient Poland SP z.o.o

Short term loan

PLN

4.9

4.9

Neopost Asia Pacific Holding Pty Ltd

Short term advance

SGD

(0.8)

Quadient CXM

Short term loan

SGD

4.3

Quadient Singapore Pte Ltd

Short term advance

SGD

(7.6)

(4.3)

Quadient Finance Ireland

Short term loan

AUD

30.1

Quadient Australia Pty Ltd

Short term advance

AUD

(0.9)

Quadient CXM 28.4 Quadient S.A. naturally hedges these loans by debts in United States dollars (Schuldschein, revolving credit facility). (a) Notional amount of financial instruments equals to financial instruments, external financial debts, bank account balances. (b) Short term loan AUD 0.4

Hedging of interest rate risk 13-3:

RISK MANAGEMENT POLICY

To limit the impact of a rise in interest rates on its interest expenses, the Group has a risk-hedging policy aimed at protecting a maximum annual interest rate for the three years ahead at all times. Management horizon used is rolling in order to always have three years of management. The Group has a policy of centralizing its interest rate risk, enabling it to monitor the Group’s overall interest rate risk

exposure and to gain full control over the market instruments used in hedging operations. The Group hedges its interest rate risk depending on its current debt levels, but also according to likely future movements in debts, arising from drawings on its revolving credit facilities. Financial instruments are carried by the legal entities that have the corresponding debt on their balance sheet.

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UNIVERSAL REGISTRATION DOCUMENT 2021