Worldline - 2019 Universal Registration Document

E

FINANCIALS

E.1 Main factors affecting the Group’s revenue and profitability

E.5 Consolidated financial statements Statutory Auditors’ report on the consolidated E.5.1 financial statements for the year ended December 31, 2019 Consolidated Income Statement [GRI 201-1] E.5.2 Consolidated statement of comprehensive E.5.3 income Consolidated statement of financial position E.5.4 Consolidated cash flow statement E.5.5 Consolidated statement of changes in E.5.6 shareholder’s equity Appendices to the consolidated financial E.5.7 statements 246 E.6 Parent company financial statements 290 Statutory Auditors’ report on the financial E.6.1 statements for the year ended December 31, 2019 290 Statutory auditors’ special report E.6.2 on related-party agreements – Shareholders’ Meeting held to approve the financial statements for the year ended December 31, 2019 294 Worldline SA financial statements E.6.3 300 Notes to Worldline statutory financial statements E.6.4 301 E.7 Worldline SA five years financial summary (from parent company financial statements) 317 Worldline SA five years financial summary E.7.1 (from parent company financial statements) 317 Statement used to present information E.7.2 245 237 237 242 242 243 244

210

E.1.1

Payment Services Industry Dynamics

210 211 211 213 213 213 213

Contract Structure E.1.2

Composition of Global Business Line Revenue E.1.3

Contract renewal cycles E.1.4 General economic conditions E.1.5

Services mix E.1.6

Geographic footprint E.1.7

Seasonality and period to period variability E.1.8 214 Changes in scope [GRI 102-45] and [GRI 102-49] E.1.9 214 TEAM² program E.1.10 215 E.2 Operational review 216 Significant events of the year E.2.1 216 Subsequent events E.2.2 218 Executive Summary E.2.3 222 Statutory to constant scope and foreign E.2.4 exchange rates reconciliation 223 Revenue profile E.2.5 224 Performance by Global Business Line E.2.6 225 Performance by geography E.2.7 228 Commercial activity E.2.8 228 SIX Payment Services integration and synergy E.2.9 plans 230 Human resources [GRI 102-4] [GRI 102-7] E.2.10 [GRI 102-8] 230 E.3 2020 Objectives [GRI 102-7] 231 E.4 Financial review [GRI 102-7] 232 Income statement E.4.1 232 Cash flow E.4.2 235 Financing policy E.4.3 236

on supplier and customer payment terms mentioned in article D. 441-4 of the French Commercial Code

318

E.8 Related Party Transactions

319 319 320

Agreements entered into with Atos group E.8.1 Agreements entered into with SIX Group E.8.2 Agreements entered into in relation with the E.8.3 contemplated acquisition of Ingenico Group Agreements entered into within the Worldline E.8.4 Group

322

322 324 324 324 325

E.9 Non-IFRS financial measures

OMDA E.9.1

Free Cash Flow E.9.2

EBITDA E.9.3

209 Universal Registration Document 2019