Worldline - Registration Document 2016

9

Operation and financial review Non-IFRS financial measures

operating activities” on an IFRS basis. The following table sets forth a reconciliation of “Cash from operations” calculated on the basis set forth above to “Net cash flow from

12 months ended December 31, 2016

December 31, 2015 12 months ended

(in € million)

Cash from operations Operating Investments ●

210.7

180.2

85.3 -39.1

67.0 -29.9

Income tax paid

Reorganization (from other operating income and expense)

-5.2 -4.1 -9.9 -6.7 -3.6

-6.5 -6.2 -1.1 -2.1 -2.8

Rationalization and associated costs (from other operating income and expense)

Integration and acquisition costs Other operating income and expense Other financial income and expense

Net cash flow from operating activities

227.4

198.6

EBITDA 9.12.3

this indicator primarily for purposes of calculating the ratio of net debt to EBITDA.

OMDA, which is calculated as described above. The Group uses In addition to operating margin calculated in accordance with IFRS, the Group presents “EBITDA” calculated beginning with

The following table provides a reconciliation of OMDA to EBITDA for the periods indicated.

12 months ended December 31, 2016

12 months ended December 31, 2015

(in € million)

Operating Margin Before Depreciation and Amortization (OMDA)

258.7

235.3

Reorganization (from other operating income and expense)

-5.2 -4.1 -9.9 -6.7

-6.5 -6.2 -1.1 -2.1

Rationalization and associated costs (from other operating income and expense)

Integration and acquisition costs Other operating income and expense

EBITDA

232.8

219.4

106

Worldline 2016 Registration Document