Worldline - Registration Document 2016

9

Operation and financial review Financial Review

9.11.1.7

Earning per share

323,007 options). shares for the period. As at the end of December 2016, potential dilutive instruments comprised stock subscription (equivalent to The number of shares as at January 1, 2016 was 131,926,588 shares. The weighted average number of shares amounts to 132,102,935

December 31, 2016 12 months ended

12 months ended December 31, 2015*

% Margin

% Margin

(in € million)

Net income [a]

144.2 11.0%

103.4

8.4% 9.8%

Normalized net income [b] Average number of shares [c] Impact of dilutive instruments

129.2

9.9%

119.9

132,102,935

131,926,588

323,007

119,468

Diluted average number of shares [d]

132,425,942

132,046,056

(in €) Basic EPS [a]/[c] Diluted EPS [a]/[d]

1.09 1.09 0.98

0.78 0.78 0.91

Normalized basic EPS [b]/[c]

Normalized diluted EPS [b]/[d]

0.98

0.91

December 31, 2015 adjusted to reflect change in presentation disclosed in Note “Accounting Rules and policies”. *

Cash Flow

9.11.2

December 31, 2016 12 months ended

12 months ended December 31, 2015

(in € million)

Operating Margin before Depreciation and Amortization (OMDA)

258.7

235.3

Capital expenditures

-85.3 37.3

-67.0 11.9

Change in working capital requirement

Cash from operation

210.7

180.2

Taxes paid

-39.1

-29.9

Net cost of financial debt paid

-0.6 -5.2 -4.1 -9.9 -1.3

-1.4 -6.5 -6.2 -1.1 -1.8 -4.8

Reorganization in other operating income

Rationalization & associated costs in other operating income

Integration and acquisition costs

Net financial investments 1

Other changes 2

-10.1

Free Cash Flow

140.4 -111.0

128.5

Net material (acquisitions)/disposals

- -

Capital increase/(decrease)

7.5

Payment for acquisition of non controlling interests Proceeds from the disposal of the Visa Share

35.6

-

Purchase of shares

-

-2.4

Dividends paid to owners of the parent Change in net cash/(debt)

72.5

126.1 203.1

Opening net cash/(debt) Change in net cash/(debt)

323.3

72.5

126.1

Foreign exchange rate fluctuations on net cash/(debt)

3.0

-5.9

Closing net cash/(debt)

398.9

323.3

Net Long term financial investments. 1 “Other changes” include other operating income with cash impact (excluding reorganization, rationalization and associated costs, integration costs 2 and acquisition costs), dividends paid to non-controlling interests and other financial items with cash impact.

102

Worldline 2016 Registration Document