Worldline - 2020 Universal Registration Document

E

FINANCIALS Consolidated financial statements

The inflation assumption is used for estimating the impact of indexation of pensions in payment or salary inflation based on the various rules of each plan.

Sensitivity of the defined benefit obligations of the significant plans to the discount rate and inflation rate assumptions is as follows:

Discount rate +25bp

Inflation rate +25bp

United Kingdom main pension plan

4.8% 4.3% 5.2% 2.8%

+4.2%

Swiss main pension plan German main pension plan Belgian main pension plan

These sensitivities are based on calculations made by assumptions for the United Kingdom. The defined benefit independent actuaries and do not include cross effects of the obligations of the plans in Switzerland, Belgium and Germany various assumptions, they do however include effects that the are not sensitive to the inflation assumption. inflation assumption would have on salary increase Plan assets Plan assets were invested as follows:

As at December 31, 2020

As at December 31, 2019

Equity Bonds Other*

31% 23% 46%

29% 28% 44%

Of which 29% of insurance contracts in 2020 and 31% in 2019. *

Summary net impacts on profit and loss and cash The net impact of defined benefits plans on Worldline financial statements can be summarized as follows: Profit and loss

As at December 31, 2020

As at December 31, 2019

Post- employment

Other LT benefit

Post- employment

Other LT

Total -26.2

benefit Total

(In € million)

Operating margin Financial result

-25.6

-0.6 -0.1 -0.7

-24.9

-0.8 -25.7

-1.7

-1.8

-2.3

-2.3

Total (expense)/profit

-27.3

-28.0

-27.2

-0.8 -28.0

Cash impacts of pensions The cash impact of pensions in 2020 was mainly composed of cash contributions to pension or insurance funds for € 19.3 million (including an exceptional one-off payment of € 4 million of contribution in France to cover the legacy Worldline Retirement indemnity liabilities), the remaining part of

€ 6.9 million being benefit payments directly made by the

Group to the beneficiaries.

Contributions in 2021 are expected to be of € 16.6 million (of which € 2.0 million relates to Ingenico plans).

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Universal Registration Document 2020