Worldline - 2020 Universal Registration Document

E

FINANCIALS Consolidated financial statements

NET CASH/(DEBT)

As at December 31, 2020

As at December 31, 2019

(In € million)

Cash and cash equivalents

1,381.4

500.6

Borrowings

-3,508.7 -1,037.8 -3,165.1

-1,054,2

Current portion of borrowings

-87,7

Total

-641,3

During the year 2020, Worldline has issued € 1,800 million of debt in order either to finance the Ingenico acquisition or to finance the general needs of the company. The two straight bonds have been booked using the amortized cost approach in accordance with IFRS 9. Transaction costs

and premiums directly attributable to their issuance are deducted from their initial fair value and spread over their useful life. The two convertible bonds have been booked using the split accounting approach in accordance with IAS 32.

BONDS AND CONVERTIBLE BONDS FOLLOWUP

June 2020

June 2020

July 2020

December 2020 Convertible bonds 5.7 years

September 2017

May 2014

July 2019

September 2019

Straight bonds 3 years

Straight bonds 7 years

Convertible bonds 5 years

Straight bonds 7 years*

Straight bonds 7 years*

Convertible bonds 7 years

Straight bonds 5 years

Main characteri stics

Unsecured Fixed Rate Note

Unsecured Fixed Rate Note September

Unsecured Fixed Rate Note September

Unsecured Fixed Rate Note

Unsecured Fixed Rate Note

Nature

Oceane

Oceane

Oceane

December 2020**

Issue date

May 2014

2017 July 2019

2019 June 2020 June 2020 July 2020

September

September 2024 June 2023 June 2027 July 2025 July 2026

Maturity date Issue size (in € million) Cash received (in € million) Yield to maturity Conversion exchange ratio Coupon

May 2021

2024 July 2026

450

600

600

500

500

500

600

200

449 2.5% 2.5%

597 1.6% 1.7%

642

498 0.3% 0.4%

500 0.5% 0.5%

496 0.9% 1.0%

638

226

-1.1%

-1.2%

-2.1%

1 share per bond

1 share per bond

1 share per bond

N/A

N/A

N/A

N/A

N/A

From July 2023 to the maturity date Split accounting (IAS 32)

From July 2024 to the maturity date Split accounting (IAS 32)

From July 2024 to the maturity date Split accounting (IAS 32)

Early redemption option

N/A

N/A

N/A

N/A

N/A

Valuation methodology

Amortized cost (IFRS 9)

Amortized cost (IFRS 9)

Amortized cost (IFRS 9)

Amortized cost (IFRS 9)

Amortized cost (IFRS 9)

Fees (in € million)

2.4

2.2

5.2 4.2

1.3

1.2

1.8

3.7 4.8

0.7 2.1

Call option (in € million) Debt component at inception (in € million) Equity component at inception (in € million)

446.4

594.6

554.8

496.2

498.4

494.6

578.6

195.5

82.0

55.5

29.6

Effective interest rate (EIR)

2.6%

1.8%

1.1%

0.4%

0.6%

1.0%

0.7%

0.4%

Linked to the Ingenico integration. * Linked to initial convertible bonds issued in June 2020. **

274

Universal Registration Document 2020