Worldline - 2020 Universal Registration Document

E

FINANCIALS Financial review

Basis of preparation The pro forma consolidated financial information has been prepared based on: The audited consolidated financial statements of the Group as of and for the year ended December 31, 2020, prepared in ● accordance with IFRS as adopted by European Union; The unaudited consolidated interim financial statements of Ingenico for the period from January 1 to October 31, 2020, ● prepared in accordance with IFRS as adopted by European Union; The unaudited consolidated interim financial statements of GoPay for the period from January 1 to August 31, 2020, prepared in accordance with IFRS as adopted by European Union. The pro forma consolidated financial information is prepared in consistency with the accounting principles used for the 2020 Worldline historical audited consolidated account. All reclassifications were made to align the Acquisitions available historical information with the presentation of Worldline’s consolidated financial statements. All pro forma adjustments are directly attributable to the savings. Historical financial information for the acquired Acquisitions and factually supportable. These adjustments companies for January 1, 2020 to October 31, 2020 for have been prepared and computed based on available Ingenico and for January 1, 2020 to August 31, 2020 for GoPay information and certain assumptions that the management of period prior to the acquisition by Worldline are converted at the Group consider to be reasonable. The pro forma respectively average of first ten months of 2020 foreign consolidated financial information does not include any exchange rate and average of first eight months of 2020 economies of scale that may result from synergies and cost foreign exchange rate.

Worldline

Worldline PF

a

b

f=a+b+c+d

c=c1+c2 d=d1+d2+d3+d4

Historical 2020 Actuals Acquired scope 10 months ING/8 months GoPay

Total Pro forma reclassification & harmonisation of accounting treatment

Historical 2020 Actuals

Worldline 12 months

Worldline Pro forma 2020

Total Pro forma adjustments

(In € millions)

Revenue

2,747.8 -949.5 -1,277.7

2,321.6

-261.1

-33.7

4,774.5 -1,469.9 -2,432.8

Personnel expenses Operating expenses Operating margin

-521.4

1.0

0.0

-1,544.3

343.8

45.5 11.8

520.5 18.9%

255.8 11.0%

83.8

871.8 18.3%

% of revenue

Other operating income and expenses

-275.6 244.9

-65.5 190.3 8.2% -92.2 -31.7 158.6 -33.7 21.2% 60.5

-97.6 -13.9

-108.5 -96.7

-547.3 324.6

Operating income

% of revenue

8.9% -47.0

6.8%

Financial expenses Financial income

-1.9

-7.2

-148.4

19.1

7.1 5.1

0.0

86.7

Net financial expenses Net income before tax

-27.9 216.9 -50.8 23.4%

-7.2

-61.7 262.9 -57.9 22.0%

-8.7 -0.3

-103.9

Tax charge

26.9

Effective tax rate

-3.8%

25.9%

Share of net profit/(loss) of associates

-0.9

0.0

0.0

0.0

-0.9

Net income 204.0 Transaction costs incurred by Worldline and related to the Ingenico acquisition amounted to €58.6 million. Concerning Ingenico * Group those costs amounted to €29.6 million for the 10 first month of 2020. These costs are not expected to have a continuing impact. 165.1 124.9 -9.1 -77.0

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Universal Registration Document 2020