WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Non-IFRS financial measures

The following table sets forth a reconciliation of “Cash from operations” calculated on the basis set forth above to “Net cash flow from operating activities” on an IFRS basis.

12 months ended December 31, 2016

12 months ended December 31, 2017

(in € million)

Cash from operations - Operating Investments

262.2

206.8 85.3 -39.1

107

Income tax paid

-44.1

Reorganization (from other operating income and expense)

-6.5 -4.1

-5.2 -4.1 -9.9 -6.7 -3.6

Rationalization and associated costs (from other operating income and expense)

Integration and acquisition costs Other operating income and expense Other financial income and expense Net cash flow from operating activities

-20.1

-3.5 -4.9

286.0

223.5

Note : Figures have been restated from change in Wordline’s intermediation activities presentation (effect of € -3.9 million on 2016 Free Cash Flow), as detailed in “Basis of preparation of consolidated financial statements”

EBITDA

E.7.3

In addition to operating margin calculated in accordance with this indicator primarily for purposes of calculating the ratio of IFRS, the Group presents “EBITDA” calculated beginning with net debt to EBITDA. OMDA, which is calculated as described above. The Group uses

The following table provides a reconciliation of OMDA to EBITDA for the periods indicated.

12 months ended December 31, 2016

12 months ended December 31, 2017

(in € million)

Operating Margin Before Depreciation and Amortization (OMDA)

335.4

258.7

Reorganization (from other operating income and expense)

-6.5 -4.1

-5.2 -4.1 -9.9 -6.7

Rationalization and associated costs (from other operating income and expense)

Integration and acquisition costs Other operating income and expense

-20.1

-3.5

EBITDA

301.2

232.8

260

Worldline 2017 Registration Document