Worldline - 2020 Universal Registration Document

E

FINANCIALS Financial review

Financial review [GRI 102-7] E.4

Income statement E.4.1

The Group reported a net income (attributable to owners of the parent Worldline SA) of € 163.7 million for the full year

income before unusual and infrequent items (net of tax) for the period was € 361.2 million, representing 13.1% of revenues

2020 (€ 311.2 million for the full year 2019), which represented compared to € 300.5 million in 2019. 6.0% of Group revenue for the period. The normalized net

Reconciliation from operating margin to net income E.4.1.1

12 months ended December 31, 2020

12 months ended December 31, 2019

%

%

(In € million)

Operating margin

520.5 -275.6 244.9

18.9%

442.6 -148.3 294.3

18.6%

Other operating income/(expenses)

Operating income

8.9%

12.4%

Net financial income/(expenses)

-28.0 -50.8

121.7 -75.0

Tax charge

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

-0.9 -1.4

-2.9

-26.8 311.2 300.5

Net income – Attributable to owners of the parent

163.7 361.2

6.0% 13.1%

13.1% 12.6%

Normalized net income – Attributable to owners of the parent

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 analyzed in the operational review.

12 months ended December 31, 2020

12 months ended December 31, 2019

Variation

(In € million)

Operating margin

520.5 175.0

442.6 142.9

78.0 32.1 -3.6 -8.4 -0.2 97.8

+ Depreciation of fixed assets

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

3.7 0.7 0.0

7.3 9.1 0.2

+/- Net charge/(release) of provisions

OMDA

699.9

602.1

Following Ingenico integration and considering payment terminal significance in Worldline’s financial statement, it was decided to include inventory terminals depreciations into

OMDA. This change allows a fair view of economic and

operational activities of the Group.

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Universal Registration Document 2020