Slide 1: FY 2021 Results
FY 2021 Results Tuesday February 22, 2022 FY 2021 results | 22-02-2022 | © Worldline | 1
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These r
Slide 3: FY'21 Highlights
FY’21 Highlights Gilles Grapinet Group CEO FY 2021 results | 22-02-2022 | © Worldline | 3
Slide 4: 2021 highlights
2021 highlights Full execution of Worldline roadmap FY 2021 TSS STRATEGIC RESULTS REVIEW All 2021 guidance parameters reached TSS divestment validated by the Board Growth acceleration along the year Binding offer received from Apollo H2’21 organic performance +10.2% Closing expected in H2 2022 MARKE
Slide 5: Solid FY 2021 results
Solid FY 2021 results All objectives reached 2021 GUIDANCE* 2021 EXECUTION Growth acceleration along 6.8% organic growth the year with MS posting a Revenue At least 6% organic growth (€3,689m FY revenue with organic growth +15% organic growth in acceleration in H2 reaching 10.2%) Q4’21 Full executio
Slide 6: TSS strategic review
TSS strategic review Binding offer received from Apollo and accepted by the Board H1 2021 Q3 2021 October 2021 Final corporate structure Validation from Board of Directors Definition of the carve-out perimeter to divest TSS Commercial framework and contractual Scope-in / scope-out of terminal activi
Slide 7: Market consolidation
Market consolidation 4 acquisitions executed reinforcing Worldline global reach and scale Eurobank Meaningful additional Cardlink Closed Merchant Acquiring MS contribution Expand MS footprint in Unique access to the leading Leading position in the Greek market fast-growing markets with high Network
Slide 8: Merchant Services 2021 commercial dynamics
Merchant Services 2021 commercial dynamics Strong acquiring performance and reinforced market shares validating Merchant Services competitive edge in line with 3-year ambition Fast development in + 120k merchants* in 2021 mass-market with 1.1 million merchants as of end 2021 acquiring Numerous Busin
Slide 9: Deep dive on Merchant Services dynamics
Deep dive on Merchant Services dynamics Marc-Henri Desportes Group Deputy CEO FY 2021 results | 22-02-2022 | © Worldline | 9
Slide 10: Steady growth of Worldline acquiring merchants' base
Steady growth of Worldline acquiring merchants’ base +12% in 2021 reaching 1.1 million Merchants 1.1m Merchants* as of Dec-2021 +c.9.7k/month net adds in average Unmatched access to the European retail +120k merchants vs Dec-2020 (1.1 million as of end 2021) +12% in net merchant base in 2021 Strong
Slide 11: Focus on Q4 2021 commercial activity
Focus on Q4 2021 commercial activity Market share gains with existing and new large clients Upsell with existing clients Wins with large new clients Market share gains with existing clients Market share gains with large new clients New brands Full-service solutions / omnichannel New geographies Valu
Slide 12: An offering fitting with merchant needs
An offering fitting with merchant needs Worldline key differentiating factors in selected RFPs Petrol & Energy Business Solution Online Cross-Border Expansion Scheidt & Bachmann is a World market Asos is a market leading mobile and leader in innovative system solutions for desktop fashion and cosmet
Slide 13: Focus on Q4 2021 partnerships
Focus on Q4 2021 partnerships Worldline, orchestrator of the payment ecosystem, leveraging scale and reach Key partnerships signed Worldline key value proposition Live shopping and Online booking and Cross-border in-video checkout payment technology remittance for online solutions for Travel SMBs pa
Slide 14: An offering fitting with partner needs
An offering fitting with partner needs Worldline key differentiating factors in selected partnerships Leveraging Worldline scale Leveraging partners' vertical reach Access to Worldline large merchant base Worldline deep payment portfolio to support Joom to provide at scale APEXX BNPL solution market
Slide 15: Strong acquiring MSV acceleration since Q2 2021
Strong acquiring MSV acceleration since Q2 2021 Double-digit growth vs. 2019 in H2 2021 and promising start of 2022 Worldline outperformance in core geographies ACQUIRING MSV (€M)* Worldline own acquiring MSV FY’21 (acquiring instore and online) €264.6bn +11% vs 2020 +7% vs. 2019 Addressable acquiri
Slide 16: Financial performance
FY’21 Financial performance Eric Heurtaux Group CFO FY 2021 results | 22-02-2022 | © Worldline | 16
Slide 17: FY 2021 key financial highlights on continued operations
FY 2021 key financial highlights on continued operations Performance solidly on track €3,689m revenues €933m OMDA €407m free cash-flow 6.8% organic growth 25.3% OMDA margin (+220 bps) 43.6% of OMDA €440m net income €1.53 diluted EPS* Group share* vs. €1.45 in FY’20 (+5.5%) 11.9% of revenues * Normal
Slide 18: FY 2021 financial performance
FY 2021 financial performance Global business lines overview FY 2021 Group Revenue FY 2021 Group Revenue / GBL (in €m) FY 2021 FY 2020 Organic Growth 9% Merchant services 2,416 2,232 +8.2% 25% Financial services 927 899 +3.1% MeTS 347 325 +6.8% 65% Worldline 3,689 3,456 +6.8% FY 2021 Group OMDA FY 2
Slide 19: FY 2021 revenue building blocks
FY 2021 revenue building blocks Steady growth acceleration along the year reaching double-digit in H2’21 Focus on Q4 2021 FY 2021 +6.8% organic dynamics +15.1% +5.4% +7.7% Q4 2021 organic growth of 12.0% +9.2% +5.0% +10.9% +91 +13 +7 €3,689m Growth acceleration in +18.6% +3.9% +9.4% +11 +9 +54 Merch
Slide 20: FY 2021 OMDA building blocks
FY 2021 OMDA building blocks OMDA expansion driven by organic growth acceleration and synergies Drivers of margin expansion +16.8% OMDA organic growth +220bps in margin OMDA up 16.8% to €933m +13 €933m Margin up 220bps to 25.3% +10 Global OMDA generation +2 +2 phasing fully in line with +13 +68 (3)
Slide 21: Income statement – continued operations
Income statement – continued operations In €M FY’21 FY’20* ▪ Operating income mainly impacted by OMDA 933 700 Ingenico acquisition and ongoing SPS integration: HIGHLIGHTS Operating Margin 668 444 o €95m of integration and acquisition costs Other operating income and expenses (364) (243) o €189m Cust
Slide 22: Free cash-flow
Free cash-flow In €M FY’21* FY’20 ▪ Increase in OMDA contribution OMDA 933 700 HIGHLIGHTS Lease obligations (72) (48) ▪ Capex representing 6.1% of revenue progressing towards the 5% to 7% objective Working capital change 62 46 Capex (226) (155) ▪ Positive change in Working Capital in line with FY’20
Slide 23: Net debt evolution
Net debt evolution In €M FY’21 FY’20 ▪ €407m positive impact from free cash-flow HIGHLIGHTS Net debt / (cash) as of January 1st 3,211 687 ▪ €315m impact mainly from acquisitions Free Cash-flow 407 295 closed in 2021 (Handelsbanken and Cardlink) Acquisition net of disposals (315) (2,873) ▪ Others amo
Slide 24: FY 2021 estimated proforma
FY 2021 estimated proforma From 2021 reported to 2021 estimated proforma 2021 REVENUE 2021 OMDA +233 €3,922m €933m +48 €981m €3,689m 25.3% 25.0% 2021 Estimated impact 2021 2021 Estimated impact 2021 Reported of companies estimated Reported of companies estimated acquired* proforma* acquired* proform
Slide 25: FY 2022 guidance for Worldline continued operations
FY 2022 guidance for Worldline continued operations Fully in the trajectory of Worldline 3-year plan Revenue OMDA FCF 8-10% organic growth 100-150 bps improvement c.45% OMDA conversion rate The bottom of our guidance factors: Localized and temporary Covid constraints Limited recovery of intercontine
Slide 26: Key take-aways
FY’21 Key take-aways Gilles Grapinet Group CEO FY 2021 results | 22-02-2022 | © Worldline | 26
Slide 27: Key take-aways
Key take-aways Solid 2021 execution paving the way for new 3-year plan delivery Solid commercial performance Accelerated growth & profitability Merchant base increase H2 2021 double digit growth Strong commercial success (new wins & upsell) Operating leverage & synergies Double-digit growth in acqui
Slide 28: 2024 Worldline ambition
2024 Worldline ambition Revenue 9% to 11% revenue CAGR 2022-2024 OMDA Above 400bps improvement over the period Trending towards 30% OMDA margin by 2024 FCF c.50% OMDA conversion by 2024 FY 2021 results | 22-02-2022 | © Worldline | 28
Slide 29: Q&A
Q&A FY 2021 results | 22-02-2022 | © Worldline | 29
Slide 30: Appendices
Appendices FY 2021 results | 22-02-2022 | © Worldline | 30
Slide 31: 2021 estimated proforma
2021 estimated proforma* 2021 revenue reported 2021 OMDA reported (in €bn) Q1 Q2 H1 Q3 Q4 H2 FY H1 H2 FY Merchant Services 0.50 0.60 1.10 0.65 0.70 1.35 2.40 0,25 0,38 0,63 Financial Services 0.20 0.25 0.45 0.25 0.25 0.50 0.90 0,13 0,16 0,29 Mobility & e-Transactional Services 0.10 0.10 0.20 0.10 0.
Slide 32: Merchant Services – FY 2021 highlights
Merchant Services – FY 2021 highlights €2,416m +8.2% €629m 26.1% Revenues Organic growth OMDA OMDA margin (+220 bps) REVENUE: €2,416M WITH A 8.2% ORGANIC GROWTH OMDA: €629M WITH A 26.1% MARGIN (+220 bps) ▪ Solid performance led by the acceleration of organic growth along the year ▪ Recovery on reven
Slide 33: Financial Services – FY 2021 highlights
Financial Services – FY 2021 highlights €927m +3.1% €291m 31.4% Revenues Organic growth OMDA OMDA margin (+15 bps) REVENUE: €927M WITH A 3.1% ORGANIC GROWTH OMDA: €291M WITH A 31.4% MARGIN (+15 bps) ▪ Regular growth improvements over the year and notably in Q4 2021 ▪ OMDA impacted by volume decrease
Slide 34: Mobility & e-Transactional Services – FY 2021 highlights
Mobility & e-Transactional Services – FY 2021 highlights €347m +6.8% €52m 14.9% Revenues Organic growth OMDA OMDA margin (+20 bps) REVENUE: €347M WITH A 6.8% ORGANIC GROWTH OMDA: €52M WITH A 14.9% MARGIN (+20 bps) ▪ e-Ticketing: double-digit growth driven by the robust pick-up in the ▪ Slight improv
Slide 35: Thank you
Thank you For more information, please contact: Laurent Marie Benoit D’amécourt Group Head of Investor Relations Deputy Head of Investor Relations M +33 7 84 50 18 90 M +33 6 75 51 41 47 laurent.marie@worldline.com benoit.damecourt@worldline.com FY 2021 results | 22-02-2022 | © Worldline | 35