QUADIENT // 2021 Universal Registration Document
QUADIENT IN BRIEF
A portfolio of solutions with a significant share of recurring revenue and commonalities between the businessmodels BUSINESS MODEL
INDUSTRY TRENDS
STRENGTHS
SMART HARDWARE
An integrated company ● Integrated organizational
BUSINESS MODEL (underlying factor)
structure and a representative brand for all activities. Tagline: “Because connections matter.” ● Focus of major solutions in three geographic regions: North America / Main European Countries / International ● Direct or indirect distribution network covering 90 countries High-performing industrial assets ● 2 production centers ● 4 logistics centers ● 100% of industrial sites are certified ISO 14001, OHSAS 18001/45001 A culture of R&D and innovation ● 5.1% of sales dedicated to R&D ● More than 650 engineers ● 7 R&D centers ● A teamdedicated to digital innovation Expert teams ● 4,979 employees ● Diverse backgrounds: expertise, origins, skills, cultures, outlooks ● 81% of employees completed A strong financial structure ● Robust liquidity position: € 487 million in cash and € 400million of undrawn credit lines as of 31 January 2022 ● Debt backed by future cash flows from rental operations and leasing portfolio ( € 504million net debt) ● Leverage excluding leasing: 0.4x EBITDA (1) a training session in 2020; 18.15% on digital regarding the local training
Subscription-related revenue ● Rental / leasing (installed base) ● Support / maintenance (installed base / charging for maintenance services) ● Supplies (Mail-Related Solutions: ink & spare parts due to machine usage & processed mail volumes) ● Subscription / use (Parcel Locker Solutions: based on usage rate in certain cases) Revenue not related to subscriptions ● Equipment sales (see suggestion for Software solutions) ● Installation services (Parcel Locker Solutions)
Digitalization, a major catalyst in the change of customer
communications and financial automation
Despite its structural decline, the mail market remains large and resilient
PARCEL LOCKER SOLUTIONS
MAIL-RELATED SOLUTIONS
CUSTOMERS
● Residential ● Universities
● Small and
medium-sized enterprises
Management of last-mile parcel delivery, a priority as e-commerce surges
& Corporates
● Large
● Retailers ● Carriers
accounts
SUBSCRIPTION RELATED REVENUE
71% (2)
58% (2)
(1) Net debt excluding leasing/ EBITDA excluding leasing.
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UNIVERSAL REGISTRATION DOCUMENT 2021
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