NEOPOST_REGISTRATION_DOCUMENT_2017

5

FINANCIAL STATEMENTS

Consolidated financial statements Consolidated balance sheet 100 Consolidated income statements 102 100 Consolidated statements of comprehensive income Consolidated statements of cash flow 104 Changes in shareholders’ equity 105 Notes to the consolidated financial statements 106 103

Parent company statements of financial position Parent company balance sheet 170 Parent company income statement 172 Parent company statements of cash flow 173 Change in Neopost S.A. shareholders’ equity 173 Notes to the parent company financial statements 174 170

Statutory auditors' report on the financial statements

197

Statutory auditors' report on the financial statements

162

Management discussion and analysis of Neopost S.A.'s annual results

167 167 167 167 167 167 167 168 168 169 169 169 169

2017 Significant events

Operating income

Financial income/(expense) Extraordinary net income (loss)

Income tax

Shareholders' equity

Maturity of suppliers debts Five-year results table

Dividends

Statutory auditors' engagement

Post-closing events

2018 outlook

99

REGISTRATION DOCUMENT 2017 / NEOPOST