Worldline - 2019 Universal Registration Document

E

FINANCIALS Operational review

Further sale by SIX of circa 6.0% E.2.2.4 of Worldline share capital on April 28, 2020 On April 28, 2020, SIX has finalized the sale of approximatively 11 million Worldline shares, representing circa 6.0% of Worldline share capital. Following this sale, SIX holds approximatively 16.3% of the share capital of Worldline, which continues to be a strategic investment for SIX. SIX has reiterated its support to Worldline’s planned offer on the shares and convertible bonds of Ingenico and will vote in favor of all the necessary resolutions during the June 9, 2020 Extraordinary Shareholders’ Meeting.

On the longer term: Long term debt consists in two bonds issued in the context ● of the acquisition of equensWorldline minority interests in 2019, a € 600 million convertible bond maturing in 2026 and a € 500 million rated bond maturing in 2024. Last, regarding the financing for the Ingenico transaction: The bridge financing is secured with a pool of 8 banks, for ● an amount of up to €2.6 billion and up to a maximum duration of two years after expected closing. Update of the 2020 objectives adapted E.2.2.3.6 to the new COVID-19 context As the 2020 objectives disclosed on February 3, 2020 were pre Covid-19 effect, the Group updates today its three objectives for the full year 2020, as indicated in Section E.3. At constant scope and exchange rates, Worldline revenue stood at € 2,381.6 million representing an organic growth of +6.9% compared with 2018. Revenue growth accelerated as planned during the year, with +7.3% in H2 2019 (+7.5% in the fourth quarter of the year). Merchant Services , which represented c.47% of ● Worldline’s revenue, grew by +6.6% organically or €+68.9 million and reached € 1,119.4 million, mainly led by Commercial Acquiring and Online & Omni-channel Payment Acceptance. The strong acceleration of Commercial Acquiring was nonetheless partly offset by the anticipated slowdown of Payment Terminal Services; Accounting for c.39% of total revenue, Financial Services ● revenue reached € 918.4 million, improving organically by €+51.0 million or +5.9% compared to 2018. Growth was particularly strong in Account Payments , Digital Banking and Issuing Processing , with solid transaction volumes, payment software license sales and good level of project activities; Representing c.14% of total revenue, Mobility & ● e-Transactional Services revenue reached € 343.8 million, increasing by +10.8% organically or €+33.6 million compared to last year, with all three business divisions recorded strong organic growth rates. Executive Summary E.2.3

By geography, organic revenue was well distributed with the largest geographies contributing to revenue growth, in particular: France (€+52.1 million or +13%); ● Luxemburg and the Netherlands (€+33.9 million or +9.2%); ● Belgium (€+21.8 million or +6.3%); ● Germany and CEE (€+22.7 million or +6.6%); and ● Switzerland (€+27.8 million or +8.5%). ● As a percentage of revenue, the Group’s Operating Margin before Depreciation and Amortization (OMDA) reached € 602.1 million or 25.3% of revenue. These numbers include the positive impact of the adoption of IFRS 16 of € 40.6 million on OMDA or +170 basis points. Before IFRS 16 impacts, OMDA stood at € 561.5 million or 23.6% of revenue, representing an increase of +240 basis points compared with 2018, in the upper end of the objective bracket set for the year of between 23% and 24%. The backlog at the end of December 2019 remained high at € 3.7 billion . The total headcount was 11,877 at the end of December 2019, compared to 11,474 at the beginning of 2019. The increase of +3.5% (or +403 staff) of the Group total workforce was due to the net increase in direct workforce of +327 staff, linked to strong business development, in particular in North & South Europe, France, Switzerland, Luxembourg & Netherlands.

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Universal Registration Document 2019