Worldline - Registration Document 2016

Operation and financial review Performance by geography

Performance by geography 9.8

Business Lines (“GBLs”). The secondary axis is by geography, for The primary operating segments of the Group are the Global which revenue is presented below.

under Benelux revenue). most of the sales of payment terminals worldwide is reported The revenue presented in one geography can refer to sales or services rendered in different countries or regions (for example,

Revenue

FY 2016

FY 2015*

Var

% Var.

(in € million)

France Belgium

428.5 358.5 159.0 124.0 123.6 115.7

427.3 328.3 152.2 143.8 113.9

1.2

0.3% 9.2% 4.5%

30.1

Germany/CEE

6.8

UK

-19.9

-13.8%

Rest of Europe

9.7

8.5%

Emerging markets

99.7

16.0

16.1% +3.5%

Worldline

1,309.2

1,265.2

44.0

At constant scope and 2016 exchange rates. *

France posted revenue of € 428.5 million , slightly positive between the 3 Global Business Lines: ( +0.3% ) compared with last year, with contrasted evolutions volume growth in Acquiring Processing; Most of the growth came from Financial Services, with solid ● compensating the effect of the termination of the Radar Mobility & e-Transactional Services succeeded in more than ● growth in Connected Living and Contact offers; contract from the second half of 2016, with a double digit resumed growth during the second semester. projects in e-Commerce during the first half of the year but Merchant Services & Terminals was impacted by less ● This growth is the result of the following: Belgium had revenue of € 358.5 million in 2016, up +9.2% . a strong increase of transaction volumes and positive Merchant Services & Terminals grew double digit, thanks to ● as strong sales of Payment Terminals, in particular to the price/volume mix impacts in Commercial Acquiring as well network of international resellers; growth in Issuing Processing. Sales in Financial Services increased driven by volume ● 2016, representing an organic growth of +4.5% . In Germany and CEE , revenue amounted to € 159.0 million in

Services & Terminals with a strong double digit increase in Most of the revenue increase was recorded in Merchant ● Commercial Acquiring and Terminals sales; Sales of Mobility & e-Transactional Services were also ● (M2M) connectivity projects; positively oriented, notably through machine-to-machine Processing activities. Last, Financial Services slightly grew driven by Acquiring ● UK revenue in 2016 was € 124.0 million , down by €-19.9 million which revenue was recorded in 2016 for c.€ 24 million. or €-13.8% , mainly due to the end of the VOSA contract on more than +3% mainly thanks to a solid growth in e-Ticketing, Excluding the effect of that contract termination, sales rose by with the roll out of the MTIS solution for several customers. Revenue in Rest of Europe (Finland, the Netherlands, Italy and Acquiring Processing activities in Italy and good activity in Spain) grew by +8.5% and reached € 123.6 million , driven by measures in India, and positive momentum in APAC; processing activities boosted by the recent demonetization year-on-year, driven by Commercial Acquiring and The Asia region posted a double digit revenue growth ● Latin America grew double digit as well, thanks to growth ● e-Ticketing activities in Argentina and Chile. in e-Government Collection contracts in Argentina and Merchant Services & Terminals in the Netherlands. Last, in Emerging markets (€ 115.7 million, +16.1%) :

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Worldline 2016 Registration Document