Worldline - 2019 Universal Registration Document

E

FINANCIALS Financial review [GRI 102-7]

Financial review [GRI 102-7] E.4

E.4.1

Income statement

The Group reported a net income (attributable to owners of before unusual and infrequent items (net of tax) for the period the parent Worldline SA) of € 311.2 million for the full year 2019 was € 300.5 million, representing 12.6% of revenues compared (€ 100.5 million for the full year 2018), which represented 13.1% to € 154.2 million in 2018. of Group revenue for the period. The normalized net income

Reconciliation from operating margin to net income E.4.1.1

12 months ended December 31, 2019

12 months ended December 31, 2018

%Margin

% Margin

(In € million)

Operating margin

442.6 -148.3 294.3

18.6%

292.9 -87.0 205.9 -20.4 -45.3

17.0%

Other operating income/(expenses)

Operating income

12.4%

12.0%

Net financial income/(expenses)

121.7 -75.0

Tax charge

Share of net profit/(loss) of associates Non-controlling interests and associates

-2.9

-0.8

-26.8 311.2

-38.9 100.5

Net income – Attributable to owners of the parent Normalized net income – Attributable to owners of the parent*

13.1%

5.8%

300.5

12.6%

154.2

9.0%

Defined hereafter. *

Net financial income includes the cancelation of contingent liability linked to the acquisition of SIX Payment Services representing an income of € 117.6 million (cf. Note 1 Main changes in the scope of consolidation).

Operating Margin before Depreciation and Amortization E.4.1.2

Operating margin before depreciation and amortization (OMDA) represents the underlying operational performance of the current business and is analysed in the operational review.

12 months ended December 31, 2019

12 months ended December 31, 2018

Variation

(In € million)

Operating margin

442.6 142.9

292.9

149.7

+ Depreciation of fixed assets

94.9

48.0

+ Net book value of assets sold/written off +/- Net charge/(release) of pension provisions

7.3 9.1 0.2

4.2 4.8

3.1 4.3 5.8

+/- Net charge/(release) of provisions

-5.6

OMDA

602.1

391.1

211.0

The 2019 depreciation of fixed assets includes 39.1 M€ of Right-of-use amortization (Refer to Note 9 Right-of-use assets & lease liabilities).

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Universal Registration Document 2019