Worldline - 2019 Universal Registration Document

E

FINANCIALS Operational review

Performance by geography E.2.7

The primary operating segments of the Group are the Global Business Lines (“GBLs”). The secondary axis is by geography, for which revenue is presented below.

The revenue presented in one geography can refer to sales or services rendered in different countries or regions (for example, most of the sales of payment Terminals worldwide are reported under Belgium revenue).

Revenue

Dec YTD 2019

Dec YTD 2018*

Delta M€

% Growth

(In € million)

France

451.4 400.8 367.8 365.8 354.3 282.3 159.3

399.3 366.9 346.0 343.1 326.5 285.8 160.5

+52.1 +33.9 +21.8 +22.7 +27.8

+13.0% +9.2% +6.3% +6.6% +8.5% -1.2% -0.8% +6.9%

Luxembourg & Netherlands

Belgium

Germany and CEE

Switzerland

North & South Europe

-3.5 -1.2

Emerging markets

Worldline

2,381.6

2,228.1

+153.6

France posted revenue of € 451.4 million, increasing organically by +13.0% in 2019, primarily thanks to a double digit growth recorded in Mobility & e-Transactional Services mainly driven by Trusted Digitization and e-Ticketing . Financial Services grew double digit as well and revenue in Merchant Services grew high single digit. Revenue in Luxemburg & the Netherlands was € 400.8 million and grew +9.2% organically thanks to a strong double digit growth in Merchant Services. Belgium had revenue of € 367.8 million in 2019, up +6.3% organically. That growth was primarily fuelled by Merchant Services and notably by Commercial Acquiring. Financial Services, in particular Issuing Processing , and Mobility & e-Transactional Services also contributed to growth. Main achievements and contract E.2.8.1 signings Merchant Services Commercial Acquiring was very dynamic in 2019, with number of transactions acquired growing double digit globally in Continental Europe (+16% for in-store transactions and +32% for on-line transactions). Numerous new or extended contracts with prominent brands were signed in 2019 among other: A new e-commerce Pan-European commercial acquiring ● contract was signed with American Express Global Business Travel , one of the largest global B2B travel agents. Worldline was awarded that service in 16 European countries as well as in Hong Kong, for a 3-year period; Commercial activity E.2.8

Germany, Central & Eastern Europe revenue reached €365.8 million ( +6.6% organic growth), out of which € 81.3 million in Austria (+8.7%), supported by the strong growth of Account Payments , which benefitted in particular from the ramp-up of the Commerzbank Contract Revenue in Switzerland was € 354.3 million (+ 8.5% organically), led by Commercial Acquiring in Merchant Services and by Acquiring Processing in Financial Processing. Sales in North & South Europe slightly decreased by -1.2% organically, reaching € 282.3 million, mainly due to a high comparison basis in 2018 in Acquiring Processing . Revenue in Emerging Markets (€159.3 million, -0.8% organically) was overall nearly stable, with a double-digit growth in Latin America offset by a decrease in Asia-Pacific due to a high comparison basis in 2018. A significant contract was signed with Paypal facilitating ● mobile and online payment processing in Brazil; A full e-commerce acquiring and acceptance contract was ● signed with Samsonite, for their repair business as well as their e-stores in 15 European countries; The contract with Multipharma, a large pharmacy chain ● store, was renewed and extended with additional eCommerce services added to the existing in store acquiring contract, illustrating Worldline efficient cross-selling and the successful development of omni-channel systems for its customers;

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Universal Registration Document 2019