Worldline - 2020 Universal Registration Document

GROUP OVERVIEW Group presentation

The transaction significantly enhanced the business profile and positions of Worldline with the creation of a global leader in payments serving more than 1 million merchants, 1,200 banks and financial institutions, with enhanced operating leverage and economies of scale. The perfect combination of online and in-store Merchant Services created a one-stop-shop position for SMEs as well as global merchants. The extensive geographical footprint of the new Group provides a strong commercial advantage to offer seamless cross-border payment transactions acquiring: Exceptional reach in Continental Europe, with notably a ● new leadership position in Germany, a strong position in the Nordics and an enhanced access to French banks and merchants, in addition to Worldline’s historical leadership positions in Benelux, Switzerland and Austria; Expanded global geographical coverage with access to the ● US market, and a reinforcement of Worldline’s exposure to merchants in Latin America and Asia-Pacific and expansion in low card penetrated countries; Unique market vertical expertise, Ingenico’s strong ● solutions in Travel, Health and e-Commerce complementing Worldline’s expertise in Hospitality, Petrol retail, Luxury retail. Ingenico’s Global leadership position in payment terminals, with more than 14 million units shipped per year and a proven track record built over 35 years of innovation and experience, brings Worldline 1,000 new banking and acquiring relationships worldwide. Under a very strong transformation program initiated in 2019 with a new management team and the completion of its carve-out as a standalone organization, Ingenico B&A business line (payment terminals activities) has already demonstrated increased efficiency and augmented business momentum.

Ingenico initiated in 2020 a transformation of terminal activities towards a “Payments-Platform-as-a-Service” (PPaaS) model, evolving from a hardware-centric payment acceptance model towards a software and services-centric model, and, in the long-term, towards a recurring as-a-service revenue model. In order to secure the long term development perspectives for the business and to accelerate this transformation, in the best interest of its customers, employees and shareholders, a review of the strategic alternatives available to Ingenico’s B&A and Worldline terminal activities now regrouped in Terminals, Solutions & Services (TSS) has been undertaken post-closing as foreseen at the announcement of the Ingenico acquisition. Worldline intends to have completed this strategic review in 2021. As part of this transaction, the combined Group also reinforced its controlling position in Payone, the joint-venture between Ingenico and the German savings bank group DSV (Deutscher Sparkassenverlag), through the contribution of Worldline’s Merchant Services activities in Germany and Austria to the joint-venture. The combination strengthened the product innovation and investment capabilities of the Group with a combined R&D investment in excess of € 300 million. Following the completion of the acquisition of control of Ingenico by Worldline, the composition of the Board of Directors of Worldline and its Committees was modified to reflect the new shareholding structure. Thanks to this new governance fully in place, the Worldline’s Day-one readiness proven methodology and the full mobilization of teams on both sides on preliminary activities to prepare integration, the Group has been ready to operate as a single company as soon as November 2 nd , 2020, enabling the timely implementation of the detailed integration and synergy plans.


Universal Registration Document 2020


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