Financials Worldline

Equities

Market Closed - Euronext Paris Other stock markets 11:38:00 2025-06-13 EDT			5-day change	1st Jan Change
4.821 ^EUR	-2.76%		-5.14%	-43.14%

06-07	Worldline SA - Shareholder/Analyst Call
06-05	Wise, the unicorn that knows how to read a compass

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,748	3,689	4,364	4,610	4,632	4,619	4,726	4,870
Change	-	34.24%	18.3%	5.64%	0.48%	-0.28%	2.31%	3.05%
EBITDA ¹	700	933	1,133	1,110	1,070	986.9	1,041	1,100
Change	-	33.29%	21.44%	-2.03%	-3.6%	-7.76%	5.45%	5.67%
EBIT ¹	520.5	668.1	864.1	790	687	656.9	697.7	762.3
Change	-	28.36%	29.34%	-8.58%	-13.04%	-4.38%	6.21%	9.25%
Interest Paid ¹	-28	-38	-41	-48.2	-406	-57.83	-61.83	-66.5
Earnings before Tax (EBT) ¹	216.9	266.2	294.1	-918.2	-301	173	284.5	395.5
Change	-	22.73%	10.48%	-412.21%	67.22%	157.48%	64.42%	39.04%
Net income ¹	164	-751	299	-817	-297	115.7	195.7	273.7
Change	-	-557.93%	139.81%	-373.24%	63.65%	138.96%	69.13%	39.84%
Announcement Date	2/24/21	2/22/22	2/21/23	2/28/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	574.8	514.5	572.7	1,086	1,080	1,192	960	1,035	939	1,081	1,158	1,186	1,070	1,172	1,182	1,187	1,097	1,192	1,163	1,180	1,068	1,154	1,169	1,195
Change	-	-10.49%	11.31%	89.63%	-0.55%	10.41%	-19.49%	7.81%	-9.28%	15.12%	7.12%	2.42%	-9.78%	9.53%	0.85%	0.42%	-7.58%	8.66%	-2.43%	1.46%	-9.49%	8.05%	1.3%	2.22%
EBITDA	-	-	-	-	-	200.7	-	-	-	95.3	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/23/20	7/23/20	10/29/20	2/24/21	4/21/21	7/27/21	10/26/21	2/22/22	4/27/22	7/27/22	10/25/22	2/21/23	4/26/23	7/26/23	10/25/23	2/28/24	5/2/24	8/1/24	10/30/24	2/26/25	4/23/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,659	2,272	1,417	2,020	2,344	2,242	2,368	2,289	2,343	2,232	2,355
Change	-	36.99%	-37.64%	42.55%	16.04%	-4.35%	5.62%	-3.34%	2.36%	-4.72%	5.5%
EBITDA ¹	454	531.5	401.5	468	665	518	592	513.9	556.1	461	527
Change	-	17.07%	-24.46%	16.56%	42.09%	-22.11%	14.29%	-13.19%	8.21%	-17.1%	14.32%
EBIT	355.2	394	274.1	346	518.1	365.1	424.9	342.9	344.1	-	-
Change	-	10.92%	-30.43%	26.23%	49.74%	-29.53%	16.38%	-19.3%	0.35%	-	-
Charge d'intérêts ¹	-15.5	-13	-25	-41	-	-15	-33.2	-35	-371	-18	-13
Earnings before Tax (EBT)	147.6	131	135.4	76	218.1	104.6	-	-	-	-	-
Change	-	-11.25%	3.36%	-43.87%	186.97%	-52.04%	-	-	-	-	-
Net income ¹	111	102	-853	-42	341	81	-898	-28.9	-268.1	50	52
Change	-	-8.11%	-936.27%	95.08%	911.9%	-76.25%	-1,208.64%	96.78%	-827.68%	118.65%	4%
Announcement Date	2/24/21	7/27/21	2/22/22	7/27/22	2/21/23	7/26/23	2/28/24	8/1/24	2/26/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,165	3,126	2,202	1,811	1,610	1,606	1,338	914
Change	-	-1.23%	-29.56%	-17.76%	-11.1%	-0.25%	-16.69%	-31.69%
Announcement Date	2/24/21	2/22/22	2/21/23	2/28/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	155.3	225.6	325	332.9	282	305.8	315.2	326.1
Change	-	45.27%	44.06%	2.43%	-15.29%	8.45%	3.08%	3.45%
Free Cash Flow (FCF) ¹	294.5	407.1	520	355.1	201	168.1	333.6	378
Change	-	38.23%	27.73%	-31.71%	-43.4%	-16.37%	98.43%	13.32%
Announcement Date	2/24/21	2/22/22	2/21/23	2/28/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	25.47%	25.29%	25.96%	24.08%	23.1%	21.37%	22.02%	22.58%
EBIT Margin (%)	18.94%	18.11%	19.8%	17.14%	14.83%	14.22%	14.77%	15.65%
EBT Margin (%)	7.89%	7.22%	6.74%	-19.92%	-6.5%	3.75%	6.02%	8.12%
Net margin (%)	5.97%	-20.36%	6.85%	-17.72%	-6.41%	2.51%	4.14%	5.62%
FCF margin (%)	10.72%	11.04%	11.92%	7.7%	4.34%	3.64%	7.06%	7.76%
FCF / Net Income (%)	179.57%	-54.21%	173.91%	-43.46%	-67.68%	145.28%	170.45%	138.13%
Profitability
ROA	2.7%	2.22%	2.6%	2.39%	2.11%	0.53%	0.97%	1.45%
ROE	5.68%	4.75%	5.92%	5.8%	5.16%	4.75%	5.07%	5.33%
Financial Health
Leverage (Debt/EBITDA)	4.52x	3.35x	1.94x	1.63x	1.5x	1.63x	1.29x	0.83x
Debt / Free cash flow	10.75x	7.68x	4.23x	5.1x	8.01x	9.55x	4.01x	2.42x
Capital Intensity
CAPEX / Current Assets (%)	5.65%	6.12%	7.45%	7.22%	6.09%	6.62%	6.67%	6.7%
CAPEX / EBITDA (%)	22.19%	24.18%	28.68%	29.99%	26.36%	30.99%	30.29%	29.65%
CAPEX / FCF (%)	52.73%	55.42%	62.5%	93.75%	140.3%	181.93%	94.51%	86.28%
Items per share
Cash flow per share ¹	2.46	3.348	3.634	2.807	2.134	1.779	2.203	2.716
Change	-	36.14%	8.53%	-22.77%	-23.95%	-16.63%	23.78%	23.31%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	45.61	32.24	33.3	30.3	29.18	29.29	29.91	30.76
Change	-	-29.3%	3.28%	-9%	-3.7%	0.36%	2.13%	2.84%
EPS ¹	0.81	-2.69	1.05	-2.9	-1.05	0.4717	0.7614	0.978
Change	-	-432.1%	139.03%	-376.19%	63.79%	144.92%	61.42%	28.45%
Nbr of stocks (in thousands)	279,070	280,485	281,767	282,975	283,568	283,572	283,572	283,572
Announcement Date	2/24/21	2/22/22	2/21/23	2/28/24	2/26/25	-	-	-