Worldline - Registration Document 2016

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[GRI 102-15] and [GRI 102-11] Risk Factors

Market risks 4.4

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industry Risks related to the Group’s business and 4.1 an independent entity the Group’s operation as Risks related to organizational structure and 4.2

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Exchange Rate Risk 4.4.1 Interest Rate Risk 4.4.2

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Liquidity Risk 4.4.3

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Credit and/or Counterparty Risk 4.4.4

Insurance and riskmanagement 4.5

Regulatory and legal risks 4.3

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4.5.1

Insurance

Risk management 4.5.2

results of operations, financial condition and prospects. whose occurrence as of the date hereof is not considered likely to have a material adverse effect on the Group’s business, should note that there may be other risks that have not yet been identified as of the date of this Registration Document, or occur, could have a material adverse effect on its business, results of operations, financial condition and prospects. Investors forth in this chapter. Such risks are, as of the date of this Registration Document, the risks that the Group believes, were they to Investors should carefully consider all of the information set forth in this Registration Document, including the risk factors set

4.1

Risks related to the Group’s business and industry

reducing its revenue. services, the use of the Group’s services could decline, fails to continue to provide attractive and innovative If the Group fails to keep pace with changes in its industry or and the entrance of non-traditional competitors. In order to industry standards, changing customer needs and preferences change, new product and service introductions, evolving Group competes is subject to rapid and significant technological The global payment and digital services industry in which the introduce attractive and innovative services, the use of its pace with these changes or fails to continue to develop and from market growth and new services. If the Group fails to keep processing and other IT platforms to best position it to profit optimizing its technological infrastructure, including its payment time spent on, research and development. The Group is also these changes, which requires significant investment in, and remain competitive, the Group must anticipate and respond to

investments have been capitalized, incur significant write-offs. these new services and solutions and, to the extent that such have difficulty recovering the costs it has incurred in developing which a market does not develop as anticipated or at all, it could development efforts targeting new services and solutions for be successful. If the Group invests significantly in research and to address will develop as expected or whether such efforts will trends, products or services such enhancements are designed significant investment, and no assurance can be given that the infrastructure in response to evolving market trends require the Group undertakes to enhance its technological condition and results of operations. Moreover, the projects that have a material adverse effect on the Group’s business, financial desirable to its clients or even obsolete, which, in turn, could address market demand could render the Group’s services less to differentiate the Group’s services or to accurately predict and services could decline. Any delay in offering new services, failure

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Worldline 2016 Registration Document