Worldline - Registration Document 2016

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Trend information Medium termobjectives

inMobility & e-Transactional Services Devote a particularly strong focus to take advantage of robust market trends

as by a healthy pipeline of commercial opportunities, the Global objects. Supported by a strong and diversified client base as well trends for secured digital solutions for IoT and connected Services is in a position to benefit from the fast growing market platforms, the Group considers that Mobility & e-Transactional its track record in the design and operation of next-generation Leveraging on its strong technological assets, its know-how, and

Group over the 2017-2019 period. Business Line is expected to grow within the average of the gradual volume growth on maturing platforms. mid-teens levels, improving over the 2017-2019 period, thanks to Mobility & e-Transactional Services’ OMDA is expected at

European payment industry consolidation

policy. priority given over the period 2017-2019 to its ambitious M&A Paysquare and KB Smartpay. It confirms therefore the strategic and in Merchant Services with the recent acquisitions of Equens,

take advantage of the structural changes in the European financial profile, the Group maintains a considerable focus to Benefitting from its European intimacy and its particularly solid payment industry, as it has already done in Financial Processing

Other strategic plans

Market Trends : the strategy of the Group relies ● evolutions, and notably: fundamentally on the European payment market structural Transaction Volume Growth, ●

to offset, in particular, the negative effect of competitive improving the Group’s OMDA margin over the period, and SmartPay, is expected to contribute substantially to been now extended to equensWorldline, Paysquare and KB salaries over the period; pressure on prices as well as the expected increase in mergers that will bring additional benefits until 2021; will deliver its results as soon as 2018 and included platforms and notably its Payment 2.0 initiative. This integration plan and on the best assets from the Equens investment plans, technological investment made through the WIPE program of Worldline and Equens. This integration is based on the coordination with the integration of the industrial structures Technical platforms evolution: TEAM is managed in ● implementation of the Group’s external growth policy; income, to the extent that it is compatible with the representing approximately 25% of its consolidated net debt to EBITDA) of between 1.5 and 2.5 in the medium term. the Group’s objective is to maintain a leverage ratio (net Financial leverage. Excluding transformative acquisitions, ● Dividend Policy. The Group aims to distribute dividends ●

Regulatory changes, ● Technology changes, ● Emergence of new electronic payment methods, ●

Emergence of new digital businesses; ● As described in Section 6.4, “Strategy”;

industries in which it operates. This program, which has reach to capitalize on the strong growth in the markets and generally leverage the Group’s resources, size, and global profitability, industrialize development methods, and network, improve sales effectiveness and contract rationalization, enhance resource allocation across its operating efficiencies from platform and infrastructure Group aims, among other things, to achieve significant evolution of the TEAM project initiated in early 2014, the TEAM2 Project. Through its four-year TEAM2 program, ●

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Worldline 2016 Registration Document

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