Third quarter 2015 revenue

• Revenue: € 305.6 million, up +5.0%
• Free cash flow: € 40.2 million, up +10.0%
  
  
• Acceleration of the revenue growth
• Confirmed momentum of international cross-selling and innovative offerings
  
  
• All 2015 objectives confirmed

Revenue was € 305.6 million, representing an organic growth of +5.0 % compared to the third quarter of 2014. Free cash flow was € 40.2 million, up +10.0%.

Gilles Grapinet, Worldline CEO said:
"We publish today revenue and free cash flow generation for the third quarter of 2015 well in line with our full year objective. Revenue growth accelerated as planned, backed by the satisfying trends in the Merchant Services & Terminals division and the successful development of our international cross-selling of our innovative offerings. In parallel, the Group continued to develop a very significant level of activity on potential payment consolidation opportunities."

For the analysis of the Group's performance, revenue for the third quarter of 2015 is compared with the third quarter 2014 at constant scope and exchange rates. Performance for the third quarter and for the first nine months of the year, on a like-for-like basis compared with last year, was as follows:

2015 Third quarter and first nine months revenue

At constant scope and exchange rates, Worldline's revenue stood at € 305.6 million representing an organic growth of +5.0% or € +14.5 million in Q3 2015 compared with the same quarter of last year. For the first nine months of the year, revenue reaches € 900.6 million, up +4.4%.

All three Global Business Lines contributed to the growth.

Merchant Services & Terminals revenue stood at € 98.6 million, growing by +7.2% at constant scope and exchange rates compared with the third quarter of 2014. The investment done in product development, sales and marketing since the beginning of the year benefited both to Payment Terminals, which strongly grew during the quarter and to Commercial Acquiring. These good trends more than compensated less project activity in Private Label Cards & Loyalty Servicescompared with the third quarter of 2014, whileOnline Services' activity was stable.

Merchant Services & Terminals revenue growth accelerated gradually along the year and reached +5.5% over the first nine months of 2015 (€ 292.1 million).

Revenue for Financial Processing & Software Licensing was € 103.5 million, up +3.0% organically. All divisions were positively oriented, in particular Payment Software Licensing with significant license sales in Asia and Online Banking Services thanks to non-card payment transactions, especially on iDEAL services in the Netherlands as well as Digital banking & e-Brokerage in France. As anticipated, growth in Acquiring processing and Issuing Processing accelerated compared with H1 2015, supported notably by international cross-selling and innovative offerings.

Over the first nine months of 2015, revenue for Financial Processing & Software Licensing was € 304.0 million, up +2.1%.

Revenue in Mobility & e-Transactional Services was € 103.5 million, up +5.0% compared with Q3 2014. This growth was driven by e-Consumer & Mobility thanks to the development of Connected Living activities in continental Europe and to Contact and Consumer Cloud activities in France and Germany, which resumed growth. Despite an unfavorable comparison basis with Q3 2014, e-Government collection grew, benefiting from price increase and additional volume in Latin America, from the ramp-up of digitalization projects in France and in the Benelux and from higher project activity in France. e-Ticketing was stable during the quarter.

Over the first nine months of 2015, revenue for Mobility & e-Transactional Services was € 304.5 million, up +5.8%.

Third quarter 2015 commercial activity

Beyond good volume growth in Commercial Acquiring and merchant acceptance, the Global Business Line Merchant Services & Terminals expanded its customer base, notably through a contract signed in Norway, in collaboration with Xerox Business Solutions, providing a transit fare system based on NFC payment cards for Flytoget. In parallel, the good dynamic in India for Worldline's pre-paid and loyalty solution offering continued in Q3 with a signature with Select City Walk. Last, regarding Worldline's payment terminals, the breakthrough of the German market was confirmed with a contract signed with a new leading retail company.

Financial Processing & Software Licensing demonstrated the benefits of the international cross-selling initiatives, with notably a new Fraud Management contract signed with Panin Bank in Indonesia as well as the provision of 3D-Secure payments solution to the Luxemburg banking community and to East West bank, a leading bank in the Philippines. Worldline, expanding range of mobile payment offerings, further developed their footprint, notably this quarter in France and in Czech Republic: two new French banks adopted the Group's mobile acceptance solution, which allows their merchant and professional clients to accept card payments using their mobile phone, while a Czech Bank will also implement the Group's mobile-payment solution based on HCE technology for their MasterCard cards. Several implementations of trusted authentication services for French banks are also underway.

In addition, the Group expects positive commercial developments for its Card Management Services following a recent report issued by Ovum, a leading analyst firm, ranking Worldline as one of the 5 world leaders in this field. This report recognizes the technological advance and functional richness of the key Card Management System application developed by the Group, through notably the WIPE program.

In Mobility & e-Transactional services, several large contracts were renewed with French public sector agencies. Regarding automated traffic offence processing systems, a new system was sold in a new country in Europe and our contract in Spain was renewed for an additional two years. In France, the Group has been notified at the very end of last week of the intention of the French administration not to renew with Worldline the automated traffic offence processing contract. This decision would have no impact in 2015 and a limited OMDA impact in 2016 at Worldline level, given the necessary anticipated extension and potential transition related activities. Nonetheless, the Group intends to appeal against this decision via summary proceeding in the coming days.

Full backlog totaled €1.7 billion, representing 1.4 years of revenue.

Free Cash Flow

Worldline free cash flow totaled € 40.2 million for the third quarter of 2015 and net cash was € 303.2 million. After nine months, the free cash flow was € 104.4 million, completely in line with the objectives for the year of between € 120 million and € 125 million.

2015 Objectives

The Group confirms all the objectives for 2015 as stated in the February 18, 2015 press release:

Revenue

The Group expects to achieve organic growth of its revenue, at constant scope and exchange rates, of between 4% and 5%.

OMDA

The Group has the objective to increase the OMDA margin by approximately 50 basis points compared to 2014, in line with its 2017 objective.

Free cash flow

The Group has the ambition to generate free cash flow of between € 120 million and € 125 million.

Appendix: Statutory to constant scope and exchange rates reconciliation

Exchange rate effects reflect mostly the depreciation of the Euro versus the British Pound and Asian currencies. There was no change in scope in Q3 2015 compared with Q3 2014.

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About Worldline

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services, Financial Processing Services & Software Licensing. Worldline employs more than 7,300 people worldwide and generated 1.15 billion euros revenues in 2014. Worldline is an Atos company. www.worldline.com

Disclaimers

This document contains further forward-looking statements that involve risks and uncertainties concerning the Group's expected growth and profitability in the future. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2014 Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 27, 2015 under the registration number: R.15-021 and its update filed on August 6, 2015 under the registration number D. 15-0292-A01.

Global Business Lines include Merchant Services & Terminals (in Belgium, France, Germany, India, Luxembourg, Spain, The Netherlands and United Kingdom), Financial Processing & Software Licensing (in Belgium, China, France, Germany, Hong Kong, India, Indonesia, Malaysia, Singapore, Spain, Taiwan and The Netherlands), and Mobility & e-Transactional Services (in Argentina, Austria, Belgium, Chile, France, Germany, Spain, and the United Kingdom).

Revenue and OMDA organic growth are presented at constant scope and exchange rates. 2015 objectives have been considered with exchange rates as of December 31, 2014.

This press release does not contain or constitute an offer of Worldline's shares for sale or an invitation or inducement to invest in Worldline's shares in France, the United States of America or any other jurisdiction.