WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Operational review

Revenue Representing 22% of total revenue, Mobility & e-Transactional Services revenue reached € 350.0 million, decreasing by -2.6% as the Trusted Digitization Business Line was impacted for the last time as planned during the first semester, by the termination of the French automated traffic offence management system (the “RADAR” contract) that occurred in June 2016. Excluding that effect, the growth of MeTS would have exceeded +7% in 2017. This performance could be achieved thanks to: A good activity in Trusted Digitization notably in France with ● government agencies and in Latin America (healthcare services and tax collection activities); A double digit growth in e-Consumer & Mobility thanks to ● the ramp up of projects in France and in Germany;

The double digit growth of e-Ticketing business in Latin ● America and in Germany, which nearly compensated for the temporarily decline of e-Ticketing services in the United Kingdom, which was affected by lower projects delivered to rail transport companies. OMDA Mobility & e-Transactional Services OMDA reached € 43.6 million or 12.5% of revenue, decreasing by €-5.9 million or -130 basis points. Despite margin improvement in the United Kingdom (end of loss making projects in 2016), in Germany (higher revenue combined to costs reduction) and in Latin America (higher e-Ticketing volumes and price renegotiation), the OMDA of the Global Business Line was impacted by the end of a mature contract (RADAR), which was partly substituted by new business consisting of project activities and ramping-up volumes with a temporarily lower profitability.

Performance by geography

E.1.6

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

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

Revenue

FY 2016*

Var

% Var.

FY 2017

In € million

E

France Belgium

402.7 358.5 236.0 194.1 156.9 137.8 107.9

419.7 358.5 232.6 172.3 112.0 122.6 115.1

-17.0

-4.1% 0.0% 1.5% 12.6% 40.1% 12.4% -6.2% 4.0%

0.0 3.4

Germany / Centrale & Eastern Europe

Netherlands

21.7 45.0 15.2 -7.2

Emerging Markets

North & South Europe

United-Kingdom

Worldline

1,593.9

1,532.9

61.0

At constant scope and December 2017 YTD average exchange rates *

France posted revenue of € 402.7 million, decreasing organically by -4.1% , Revenue decreased by -10.9% during the first half of the year (mainly due to Mobility & e-Transactional Services, which was indeed impacted by the end, in June 2016, of the RADAR contract) but increased sequentially during H2 2017, where the growth reached +3.6%. Belgium had revenue of € 358.5 million in 2017, stable organically with 2016. Growth in Financial Services, driven by steady increase in transaction volumes and in fraud management services was offset by the decrease in sales of

Merchant Services, which was impacted by the negative price/volume mix effect that was anticipated in Commercial Acquiring. In Germany and CEE, revenue amounted to € 236.0 million in 2017, representing an organic growth of +1.5% . The good growth of Merchant Payment Services and Mobility & e-Transactional Services was partly offset by lower revenue in Issuing Processing, as a consequence of inactive accounts cleaning activities performed by some clients and in Accounts Payments.

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Worldline 2017 Registration Document