QUADIENT // 2021 Universal Registration Document

QUADIENT IN BRIEF

Initiated early 2019, the “Back to Growth” strategy aimed at transforming Quadient to become a unified Company, while refocusing its business portfolio on synergistic smart hardware and software solutions with high growth potential and market leading positions. “BACK TO GROWTH” STRATEGY “Transform” 2019-2020

To learn more: Chapter 1.2

Quadient aimed at building leading market positions in highly growing businesses that are synergistic with its foundational mail-related activities. Digital business communication & financial automation and automated parcel locker solutions were selected to be the Company’s growth engines while continuing to benefit from Quadient’s strong position in the highly profitable and cash generative mail-related business.

In the meantime, Quadient has profoundly changed its organization to simplify its operating model, gain efficiency and unite the entire company under a unified brand and a strong common culture. The executive team has been renewed with new talents hired to lead the transformation, leaner management layers were put in place with a strong regional focus, and centers of excellence were established to streamline internal tools and processes, and better leverage the teams’ expertise.

Simplified and refocused our operations and solutions portfolio to become a leader in each of the growth markets that we serve.

Defined a sustainable value creation model based on validated growth engines, recurring revenue and Major Operations

BOLT-ON ACQUISITIONS c. € 195-200million cash-out to date

DIVESTMENTS

c. € 110-115 million cash-in to date

Reduction of dependency to Mail-Related Solutions

2019

GROWTH ENGINES % of total Group revenue

18%

Data quality

Parcel locker solutions in the US

2018

2021

Strong share of subscription-related revenue

2020

SUBSCRIPTION-RELATED REVENUE % of Major Operations revenue

Shipping software

69%

68%

Accounts Receivable (AR) automation solutions

2018

2021

2021

Focus on Major Operations

Graphics business in Australia

Accounts Payable (AP) automation solutions

MAJOR OPERATIONS % of total Group revenue

84%

Drachten factory and packaging system

2018

2021

Organized as one company to quickly scale and foster synergies by leveraging our expertise, infrastructure, commercial relationships and global footprint.

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UNIVERSAL REGISTRATION DOCUMENT 2021