Worldline - 2020 Universal Registration Document

E

FINANCIALS Financial review

Corporate tax [GRI 207-4] E.4.1.5 The tax charge at the end of December 2020 was € 50.8 million for a profit before tax of € 216.9 million. The annualized Effective Tax Rate (ETR) was 23.4% (18.0% in 2019). In 2019, excluding the cancellation of the contingent liability linked to the acquisition of SIX Payment Services, which represented an income of € 117.6 million, the ETR would have been 25.1%.

Non-controlling interests E.4.1.6 and associates

The non-controlling interests and associates at the end of December 2020 was € 1.4 million corresponding to the participation in Payone (From November to December) and GoPay (from September to December), compared to € 26.8 million in 2019. At that time it represented 36.4% of the net result of equensWorldline.

Normalized net income E.4.1.7

The normalized net income is defined as net income excluding unusual and infrequent items (Group share), net of tax. For 2020, the amount was € 361.2 million.

12 months ended December 31, 2020

12 months ended December 31, 2019

(In € million)

Net income - Attributable to owners of the parent

163.7

311.2

Cancellation of the contingent liability linked to the acquisition of SIX Payment Services

-117.6 142.5 -35.5 300.5

Other operating income and expenses (Group share)

271.0 -73.5 361.2

Tax impact on unusual items

Normalized net income - Attributable to owners of the parent

Earning per share E.4.1.8 The number of shares as at January 1, 2020 was 182,764,457 shares. The weighted average number of shares amounts to 198,988,576 shares for the period. As at the end of December 2020, potential dilutive instruments comprised stock subscription (equivalent to 839,918 options) and convertible bonds effect (equivalent to 8,052,403 options).

12 months ended December 31, 2020

12 months ended December 31, 2019

%

%

(In € million)

Net income [a]

163.7 169.2 361.2 366.8

6.0% 6.2% 13.1% 13.3%

311.2 312.9 300.5 302.3

13.1% 13.1% 12.6% 12.6%

Diluted net income [b] Normalized net income [c]

Normalized dilluted net income [d]

Average number of shares [e] Impact of dilutive instruments

198,988,576

182,025,225 3,362,300 185,387,525

8,892,321

Diluted average number of shares [f]

207,880,896

In € Basic EPS [a]/[e] Diluted EPS [b]/[f]

0.82 0.81 1.82 1.76

1.71 1.69 1.65 1.63

Normalized basic EPS [c]/[e] Normalized diluted EPS [d]/[f]

236

Universal Registration Document 2020