Worldline - Registration Document 2016

Operation and financial review Performance by Global Business Line

OMDA

business in India thanks to the strong terminal base growth and to value added services (e.g. dynamic currency conversion – DCC); and The very good dynamism of the Commercial Acquiring ● Margin recovery in the Merchant Network in the UK and ● productivity gain in Iberia in Private Label Cards.

increase were: Merchant Services & Terminals’ OMDA was up by +340 basis points in FY 2016 compared to 2015 and reached € 99.3 million or 22.6% of revenue. Key reasons for this Volume growth and positive price/volume mix effect in ● Commercial Acquiring for both BCMC and International brands transactions processed in Belgium;

Financial Services (former “Financial Processing & Software

9.7.2

Licensing”)

Financial Services

FY 2016

FY 2015*

% Growth

(in € million)

Revenue

500.0 130.6 26.1%

476.8 116.8 24.5%

+4.9%

OMDA

% OMDA

+1.6 pt

At constant scope and 2016 exchange rates. *

Growth in Issuing Processing was mainly driven by: ●

was reorganized into four new divisions and changed its name to “Financial Services”. The key changes related to: Following the integration of Equens on October 1, 2016, the Global Business Line Financial Processing & Software Licensing The reallocation of revenue previously reported as Payment ● Software Licensing into Issuing Processing or Acquiring Processing depending on the nature of the software licenced; direct debit and credit transfer transactions from Online Banking to a new business line Acoount & Payments; The reclassification of revenue from the processing of SEPA ● The renaming of Online Banking to Digital banking. ● €+23.3 million or +4.9% compared to 2015. In 2016, Financial Services revenue was € 500.0 million , up Revenue in Acquiring Processing grew double digit as a ● result of good volume growth for Authorization processing in France and increased project activity in Germany; demonetization of currency bills in November, which participated in the increase of above +40% in number of point of sale terminals managed; Business grew in India as well, boosted by the ● Revenue

Authentication services for mobile/internet payments in ● France, Belgium and Germany (ACS, 3D secure, Trusted Authentication, wallets), Good volume growth in the core issuing activities, notably ● on credit card services and in Fraud services in Belgium, Expansion in APAC, and ● Contract ramp-up in the Nordics; ● Online Banking grew, mainly thanks to the ramp-up of the ● NS&I contract in the UK as well as to more mobile banking projects for French banks; The business line Account & Payments was quasi stable, ● compared with last year in Germany. with volume growth being offset by less project work

9

Integration activities at equensWorldline

in 2017. running ahead of schedule, fully securing the ambition to deliver showed a very satisfactory start, with already a few streams c.€ 40 million of run-rate OMDA synergies in 2018, of which half during the fourth quarter of 2016 on 18 work streams and Integration activities at equensWorldline have been focused

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Worldline 2016 Registration Document