Worldline - Registration Document 2016

Operation and financial review Overview

9.1.3.4

OperatingMargin

reorganizational costs related to the Reorganization Transactions. The line item “other costs” under “other operating costs and expenses” primarily includes gain or loss on the sale of assets. integration and acquisition costs, amortization of customer relationships and other costs. These costs include transition and

personnel costs and operating costs from revenue. The primary drivers of the Group’s operating margin are the level of its revenue and the average level of its personnel costs and operating costs as a percentage of revenue. The Group’s operating margin is calculated by subtracting

9.1.3.7

Net financial expense

9.1.3.5

OMDA

average rates paid. other financial income (expense). The main driver of net financial expense is the amount of outstanding net debt and the Net financial expense consists of the cost of net financial debt, gains (losses) on exchange rates and related instruments and

reconciliation of OMDA to operating margin and further information on its calculation. Section 9.12, “Non-IFRS Financial Measures” below for a The Group also presents OMDA, a non-IFRS measure that it believes provides useful additional information to investors. See

9.1.3.8

Income taxes

9.1.3.6

Other operating income and

number of factors including the relative mix of the Group’s pre-tax income, the tax rates applicable in the jurisdictions where income is earned as well as factors such as the availability and usability of deferred tax assets. The Group’s income taxes are a function of pre-tax income and the effective tax rate. The effective tax rate depends on a

expenses

Other operating income and expenses relate to income and expenses that are unusual and infrequent, and include staff reorganization costs, rationalization and associated costs,

Segment Reporting

9.1.4

reviewed by the chief operating decision maker. See Note 2 to the Group’s consolidated financial statements. In accordance with IFRS 8, the Group’s segment reporting is based on its internal segment reporting, which is regularly

business line structure. Since January 1, 2014, the internal segment reporting reviewed by the chief operating decision maker is based on the global

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Worldline 2016 Registration Document