Worldline - 2019 Universal Registration Document

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, 2019

12 months ended December 31, 2018

(In € million)

Cash from operation Operating Investments ●

400.3

306.7 105.5

113.9

Lease expenditures (Lease under IFRS 16) ●

41.6

-57.4

Income tax paid

-49.9

-5.4 -3.3

Reorganization (from other operating income and expense)

-3.5 -3.9

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

-39.6 -11.3 -12.0 426.8

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

-36.1

-2.7 -2.6

313.5

EBITDA E.9.3

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

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

12 months ended December 31, 2019

12 months ended December 31, 2018

(In € million)

E

Operating Margin Before Depreciation and Amortization (OMDA) Reorganization (from other operating income and expense) Rationalization and associated costs (from other operating income and expense)

602.1

391.1

-5.4 -3.3

-3.5 -3.9

-39.6 -11.3 542.5

Integration and acquisition costs Other operating income and expense

-36.1

-2.7

EBITDA

344.9

325 Universal Registration Document 2019