EURONEXT_Registration_Document_2017

SELECTED HISTORICAL CONSOLIDATED FINANCIAL INFORMATION AND OTHER FINANCIAL INFORMATION 3

OTHER FINANCIAL INFORMATION Non-IFRS financial measure

Euronext uses the following non-IFRS measures as supplemental measures since it believes they provide meaningful supplemental information regarding its financial and operational performance. These measures should not be used instead of, or considered as alternatives to operating result or any other performance measure derived in accordance with IFRS:  EBITDA;  EBITDA margin. Non-IFRS measures are not prepared in accordance with IFRS and may be different from, and not comparable to, similarly titled measures reported by other companies. These measures should be read in conjunction with the Consolidated Financial Statements:  EBITDA is defined as the operating profit before exceptional items and depreciation and amortization;  EBITDA margin is defined as the operating profit before exceptional items and depreciation and amortisation, divided by total revenue.

Reconciliation of EBITDA and EBITDA Margin

YEAR ENDED

31 DECEMBER 2017

31 DECEMBER 2016 31 DECEMBER 2015

In thousands of euros (except for percentages)

Operating profit before exceptional items

280,850

268,806

266,771

Depreciation and amortization

16,932

15,088

17,071

Operating profit before exceptional items and depreciation and amortisation (EBITDA)

297,782

283,894

283,842

TOTAL REVENUE

532,294

496,436

518,547

EBITDA margin (a) 55% (a) EBITDA margin is a non-IFRS measure and is not audited. EBITDA margin should not be considered as an alternative to, or more meaningful than, and should be read in conjunction with, operating profit before exceptional items. 56% 57%

Adjusted EPS definition

YEAR ENDED

31 DECEMBER 2017

31 DECEMBER 2016

In €m and EPS in €/share

NET INCOME REPORTED

241.3

197.0

EPS REPORTED

3.47

2.83

Intangible assets related to acquisitions (PPA,…)

- 2.40

Exceptional items

- 14.8

- 10.0

Capital gains or losses

40.6

-

Tax related to those items

2.7

1.9

ADJUSTED FOR INTANGIBLE ASSETS RELATED TO ACQUISITIONS, CAPITAL GAINS OR LOSSES AND EXCEPTIONAL ITEMS, INCL. TAX ADJ. NET INCOME

215.2

205.2

ADJ. EPS

3.09

2.95

88

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2017 REGISTRATION DOCUMENT