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CONTENTS
2
Worldline
2016 Registration Document
1 for the RegistrationDocument Persons responsible 5 Document Name and position of the person 1.1 responsible for the Registration 5 for the Registration Document Certification of the person responsible 1.2 5 Names and positions of the persons 1.3 responsible for financial information 5 2 auditing the financial statements Persons responsible for 6 Statutory auditors 2.1 6 3 and other data Selected financial information 7 4 Risk Factors 11 Risks related to the Group’s business 4.1 and industry 11 Risks related to organizational 4.2 an independent entity structure and the Group’s operation as 20 Regulatory and legal risks 4.3 21 Market risks 4.4 24 Insurance and risk management 4.5 25 5 Group Information 28 History and Development 5.1 28 Investments 5.2 30 6 Business 32 Overview 6.1 33 Industry and market overview 6.2 34 Competitive strengths 6.3 44 Strategy 6.4 46 The Group’s business 6.5 49 Technology 6.6 63 Sales and marketing 6.7 64 Procurement and suppliers 6.8 65 Regulation 6.9 66 7 Organizational Chart 73 Simplified Group Organizational Chart 7.1 73 Subsidiaries and Equity Investments 7.2 75 8 Property plant and equipment 77 property, plant and equipment Significant existing or planned 8.1 77 Development Environment and Sustainable 8.2 78 9 Operation and financial review 79 Overview 9.1 80 Critical accounting policies under IFRS 9.2 88 Significant event of the year 9.3 88 Executive Summary 9.4 89 foreign exchange rates reconciliation Statutory to constant scope and 9.5 90 Revenue profile evolution 9.6 91 Performance by Global Business Line 9.7 92 Performance by geography 9.8 95 Commercial activity 9.9 96 Human Resources 9.10 97 Financial Review 9.11 99 Non-IFRS financial measures 9.12 105 10 Liquidity and capital resources 107 Overview 10.1 107 Financial resources 10.2 108 Principal uses of funds 10.3 109 Analysis of cash flow 10.4 110 11 Patents and Licenses Research anddevelopment, 111 Research and development 11.1 111 Rights, and Other Intangible Assets Intellectual Property, License, Usage 11.2 112 12 Trend information 113 Business trends 12.1 113 General 12.2 114 December 31, 2017 Objectives for the Year Ending 12.3 114 Medium term objectives 12.4 115 commercial activity First quarter 2017 revenue, TEAM2 and 12.5 integration and synergy plan and 117 13 Profit Forecasts 120 14 and supervisory bodies and senior management Administrative, management 121 Composition of management and 14.1 supervisory bodies 121 Conflicts of Interest 14.2 130