WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Financial review [GRI 102-7]

E.3.1.4

Net financial expense

Net financial expense amounted to € 8.1 million in 2017 compared to € 5.9 million in 2016 and was composed of a net cost of financial debt of € 1.1 million and non-operational financial costs of € 6.9 million. The net cost of financial debt amounted to € 1.1 million in 2017 compared to € 0.6 million in 2016.

The other financial income / expenses were mainly composed of foreign exchange losses for € 4.1 million and pension financial costs for € 2.1 million. The pension financial costs represent the difference between interest costs on defined benefit obligations and the interest income on plan assets for plans which are funded (Cf. Note 21 “Pensions and similar benefits”).

E.3.1.5

Corporate tax

The tax charge at the end of December 2017 was € 44.1 million with a profit before tax of € 177.4 million. The annualized Effective Tax Rate (ETR) was 24.9% (26.3% in 2016).

E.3.1.6

Normalized net income

The normalized net income is defined as net income excluding unusual, abnormal, and infrequent items net of tax attributable to owners of the parent. For 2017, the amount was € 144.1 million.

12 months ended December 31, 2016

12 months ended December 31, 2017

(In € million)

Net income – Attributable to owners of the parent

105.5

144.2

Other operating income and expenses

-54.7 16.1

15.8

Tax impact on unusual items

1.0

Normalized net income – Attributable to owners of the parent

144.1

127.4

E

E.3.1.7

Earning per share

The number of shares as at January 1, 2017 was 132,346,996 shares. The weighted average number of shares amounts to 132,557,598 shares for the period. As at the end of December 2017, potential dilutive instruments comprised stock subscription (equivalent to 771,637 options).

12 months ended December 31, 2016

12 months ended December 31,

% Margin

2017 % Margin

(In € million)

Net income [a]

105.5

6.6% 144.2

11.0%

Normalized net income [b] Average number of shares [c] Impact of dilutive instruments

144.1

9.0%

127.4

9.7%

132,557,598

132,102,935

771,637

323,007

Diluted average number of shares [d]

133,329,234

132,425,942

(In EUR) Basic EPS [a] / [c] Diluted EPS [a] / [d]

0.80 0.79 1.09

1.09 1.09 0.96

Normalized basic EPS [b] / [c] Normalized diluted EPS [b] / [d]

1.08

0.96

189

Worldline 2017 Registration Document