Worldline - Registration Document 2016

1 for the RegistrationDocument Persons responsible

9 Operation and financial review 79 Overview 9.1 80 Critical accounting policies under IFRS 9.2 88 Significant event of the year 9.3 88 Executive Summary 9.4 89

5

1.1

Name and position of the person responsible for the Registration

Document

5

1.2

for the Registration Document Certification of the person responsible Names and positions of the persons responsible for financial information 5 5

9.5

foreign exchange rates reconciliation Statutory to constant scope and

90

1.3

Revenue profile evolution 9.6

91

9.7

Performance by Global Business Line

92 95 96 97 99

Performance by geography 9.8

2

auditing the financial statements Persons responsible for

Commercial activity 9.9 Human Resources 9.10 Financial Review 9.11

6

2.1

Statutory auditors

6

Non-IFRS financial measures 9.12

105

3

and other data Selected financial information

10 Liquidity and capital resources 107 Overview 10.1 107 Financial resources 10.2 108 Principal uses of funds 10.3 109 Analysis of cash flow 10.4 110 11 Patents and Licenses Research anddevelopment, 111 Research and development 11.1 111

7

4 Risk Factors

11

4.1

Risks related to the Group’s business

and industry

11

4.2

Risks related to organizational

an independent entity structure and the Group’s operation as

20

4.3

Regulatory and legal risks

21

Market risks 4.4

24 25

Rights, and Other Intangible Assets Intellectual Property, License, Usage 11.2

4.5

Insurance and risk management

112

CONTENTS 2 Worldline 2016 Registration Document 5 Group Information 28 History and Development 5.1 28 Investments 5.2 30 6 Business 32 Overview 6.1 33 Industry and market overview 6.2 34 Competitive strengths 6.3 44 Strategy 6.4 46 The Group’s business 6.5 49 Technology 6.6 63 Sales and marketing 6.7 64 Procurement and suppliers 6.8 65 Regulation 6.9 66 7 Organizational Chart 73 Simplified Group Organizational Chart 7.1 73 Subsidiaries and Equity Investments 7.2 75 8 Property plant and equipment 77 property, plant and equipment Significant existing or planned 8.1 77 Development Environment and Sustainable 8.2 78

12 Trend information Business trends 12.1

113

113 114

General 12.2

December 31, 2017 Objectives for the Year Ending 12.3 Medium term objectives 12.4

114 115

commercial activity First quarter 2017 revenue, TEAM2 and 12.5 integration and synergy plan and 117

13 Profit Forecasts

120

14

and supervisory bodies and senior management Administrative, management Composition of management and 14.1 supervisory bodies

121

121

Conflicts of Interest 14.2

130