WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Operational review

The backlog at the end of December 2017 remained high and amounted to € 2.6 billion . The total headcount was 9,467 at the end of December 2017, compared to 8,725 at the end of 2016. The increase of +8.5% (or +742 staff) of the Group total workforce was mainly related to: The acquisitions of Digital River World Payments, First Data ● Baltics and MRL Posnet which brought 438 employees, while 38 employees left the company upon the disposal of the cheque service business; and The net increase in direct workforce of 363 staff. This ● increase in staff was linked to strong business development, in particular in India and in France.

As a percentage of revenue, Worldline’s Operating Margin before Depreciation and Amortization (“ OMDA ”) increased by +240 basis points (“bp”) or €+50.1 million organically and reached € 335.4 million ( 21.0% of revenue ). This strong improvement was driven by the Financial ● Services division ( +680 basis points ), thanks to good transaction volume growth and to the fast delivery of equensWorldline synergies; In Merchant Services, despite the very good business ● dynamism in India and the overall transaction volume growth, the OMDA decreased by -140 basis points compared with 2016 as it adapted its pricing structure in 2016 to retrocede the interchange fee reduction, as well as commercial efforts to develop business in the faster growing geographies; Last, Mobility & e-Transactional Services OMDA ● decreased by - 130 basis points, as it was temporarily impacted by the end of a mature contract (RADAR), which was partly substituted by new business consisting of project activities and ramping-up volumes with a lower profitability at start.

Statutory to constant scope and foreign exchange rates reconciliation

E.1.3

[GRI 102-45] [GRI 102-49]

For the analysis of the Group’s performance, revenue and OMDA for 2017 is compared with 2016 revenue and OMDA at constant scope and foreign exchange rates. Reconciliation between the 2016 reported revenue and OMDA and 2016 revenue and OMDA at constant scope and foreign exchange rates, per Global Business Line is presented below:

E

Revenue

FY 2016 Statutory

Internal Transfers Scope effect

Exchange rates effect

FY 2016*

In € million

Merchant Services Financial Services

439.6 500.0 369.6

+19.2 -19.2

+51.4

-2.2 -1.3

508.0 665.5 359.3

+186.0

Mobility & e-Transactional Services

+0.0

-10.2

Worldline

1,309.1

0.0 +237.5

-13.8 1,532.9

At constant scope and December 2017 YTD average exchange rates * 

FY 2016 Statutory

Internal Transfers Scope effect

Exchange rates effect

FY 2016*

In € million

France Belgium

428.5 358.5 159.0

-8.7 +0.1

0.0 0.0

419.7 358.5 232.6 172.3 112.0 122.6 115.1

Germany / CEE

+72.9

+0.6

Netherlands

67.1

+105.2

0.0

Emerging markets Rest of Europe United Kingdom

115.7

+1.8

-5.5 -0.1 -8.9

56.5

+66.2

124.0

0.0

Worldline

1,309.1

0.0 +237.5

-13.8 1,532.9

At constant scope and December 2017 YTD average exchange rates *

179

Worldline 2017 Registration Document