Atos - Registration Document 2016

E Financial E.1

Operational review

Worldline

E.1.3.4

A detailed review of Worldline full year 2016 results can be found at worldline.com, in the “Investors” section.

2015*

2016

%organic

(In € million)

Revenue

1,261 196.9

1,216 173.4

+3.7%

Operating margin

Operating margin rate

15.6% 14.3%

At constant scope and exchange rates. *

significant contracts in Mobility & e-Transactional Services: compensated for the negative impact of the end of two Software Licensing Global Business Lines more than Merchant Services & Terminals Business Line growth was • supported by increased Payment Terminals sales in both € 1,261 million, improving by +3.7% at constant scope and a standalone basis, revenue reached € 1,309 million, up +3.5% exchange rates, representing 10.8% of the Group revenues. On Merchant Services & Terminals and Financial Processing & on a like-for-like basis. Increased transactions volumes within From a contributive perspective to Atos, Worldline revenue was Commercial Acquiring transactions, as well as a better pricing domestic and international markets, and increased volumes in mix. Both achieved a healthy double digit growth rate; Financial Processing & Software Licensing expanded thanks to • Processing, notably in France and in India, increased revenues the continued transactions volumes growth in Acquiring the Issuing Processing business, and a strong level of licenses from Authentification, Credit card and Fraud services within France and Germany. E-Ticketing activities were also several new contracts signed and projects ramp-up mainly in companies in the UK and higher activity in Argentina. In the dynamic, with increased project delivery with railways collection services volumes in Latin America increased, as well e-government collection business line, healthcare and tax government agencies, while the Business Unit had to cope as more project work with the French and European generated in e-Consumer & Mobility activities thanks to in Mobility & e-Transactional Services, double digit growth was • sold in Europe and in Asia;

June 2016 in France. third quarter of 2015, and the Radars contract ended in with the VOSA contract termination in the UK ended in the

WORLDLINE REVENUE PROFILE BY GEOGRAPHY

Other countries 13%

Asia & India 6%

France 32%

United-Kingdom 9%

Germany & CEE 9%

Benelux 30%

exercised effective cost control over the new Equens-Worldline Business Line continued to invest in security infrastructure and almost offsetting the two terminated contracts was generated perimeter. Mobility & e-Transactional Services new business with a lower operating margin. improvement in the UK on private label cards contracts. margin of Financial Processing & Software Licensing while the Increasing volumes in card processing supported the operating favorable pricing mix mainly in Belgium as well as a margin Terminals Business Line, thanks to growing volumes and improvement was recorded mainly in the Merchant Services & Operating margin was € 196.9 million , up +130bp. This

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