Worldline - 2020 Universal Registration Document

FINANCIALS 2021 revenue trend scenario

Headcount movements by geography in 2020 are detailed herein below:

Scope effects

Dimiss/ Restruc.

Dec. 2019

Other Dec. 2020

Hiring Leavers

Changes

Southern Europe Northern Europe

4,317

1,413

300 335 236

-117 -256 -297

-61 -73

-91 -30

5,761

1,444 25.1%

3,402 1,668

5,046 1,644 32.6% 4,380 2,999 68.5%

Asia Pacific

1,381

3,061

-2

1

Central & Eastern Europe

2,464 1,846

290

-185

-3 -2

-84

4,328 1,864 43.1%

Americas Worldline

313

926

24

-56

-11

1,194

881

73.8%

11,877 8,914 1,185

-911

-141

-215

20,709 8,832 42.6%

2021 revenue trend scenario E.2

objectives are based on the following hypothesis for

In H 2 2021:

●

2021:

Ease of domestic restrictions with end of lockdowns for ● non-essential merchants, end of curfews and borders’ restrictions, Intra-European travels fully allowed and progressive ● return to normal level of travel flows, No significant intercontinental travel. ● These assumptions should lead to the following revenue trends: Flat to slightly negative organic growth in H1 2021; ● Circa double-digit organic growth in H 2 2021. ●

In H1 2021:

●

Severe governmental domestic restrictions during Q1, ● including lockdowns of non-essential merchants, curfew, and borders’ restrictions in most of Worldline’s key countries, Partial relief of restrictions in the course of H1 2021, in ● particular in Q2 2021, No significant intra-European travels, ● No intercontinental travels, ● Ramping-up of vaccination campaigns; ●

E

2021 objectives [GRI 102-7] E.3

Free cash flow : c. 50% OMDA conversion rate. ●

2021 objectives are based on revenue trend scenario described above and are the following: Revenue organic growth : At least mid-single digit; ● OMDA margin : c. +200 basis points improvement vs. pro ● forma 2020 OMDA margin of 23.9%;

2021 objectives are expressed at constant scope and exchange rates and according to Group’s accounting standards.

Universal Registration Document 2020

233