QUADIENT // 2021 Universal Registration Document

CORPORATE OVERVIEW Organizational structure

1.3.5

INVESTMENTS

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Excluding acquisitions, Quadient invested 87.9 million euros in 2021 (of which 10.1 million euros related to IFRS 16) compared with 89.6 million euros in 2020 and 109.3 million euros in 2019. Details of investments are shown in the table below:

31 January 2022 31 January 2021

31 January 2020

(In millions of euros)

Acquisition of software

0.6

0.6

1.8

Capitalization of development expenses

37.4

30.3

31.1

Acquisition of machinery and equipment

1.2

1.0

1.7

Rented equipment

28.5

29.2

49.7

IT implementation costs

0.0

0.0

0.0

Other investments

10.1

10.7

11.5

Assets right of use IFRS 16

10.1

17.8

13.5

TOTAL

87.9

89.6

109.3

The breakdown of investments by geographical area is the following:

31 January 2022 31 January 2021

31 January 2020

(In millions of euros)

North America

27.5

26.8

30.5

Main European countries (a)

14.6

20.5

20.9

International

6.1

5.0

20.3

Additional operations

5.8

7.2

4.4

Other

33.9

30.2

33.1

TOTAL

87.9

89.6

109.3

Including Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Switzerland and the United (a) Kingdom.

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UNIVERSAL REGISTRATION DOCUMENT 2021