Quadient S A : 2023 T4 / FY Présentation

Disclaimer

FORWARD-LOOKING STATEMENT

This presentation contains forward-looking statements (made pursuant to (i) the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and (ii) the principles of the French Autorité des Marchés Financiers' guide to periodical disclosures of listed companies (DOC-2016-05) of 29 April 2021), which, by their nature, involve a degree of risk and uncertainty. Forward-looking statements represent the Company's judgment regarding future events and are based on currently available information. Consequently, the Company cannot guarantee their accuracy and their completeness. Actual results may differ materially from those the Company anticipated due to a number of uncertainties, many of which the Company is not aware of.

For additional factors that may cause the Company's actual results to differ materially from expectations and underlying assumptions, please refer to the reports filed by the Company with the Autorité des Marchés Financiers (French Financial Markets Authority - "AMF").

Agenda

FY 2023 highlightsFY 2023 financial and business review

2021-2023 strategic plan achievementsFY 2024 outlookAppendix

FY 2023 Highlights | Accelerated current EBIT(1) organic growth Third year of consecutive dividend increase

Organic change excludes currency and scope. % of change vs. the same period last year (1) Current operating income before acquisition-related expenses

FY 2023 Highlights | Solid delivery of 2021-23 strategic plan

Revenue

2023

Achieved: ➢ +1.9% organic growth in FY 2023 vs. FY 2022

Guidance (revised in November 2023):

➢ c.2% organic growth

Current EBIT(1)

Achieved: ➢ +9.3% organic growth in FY 2023 vs. FY 2022

Guidance (set in March 2023): ➢ c.10% organic growth

2021-2023

Achieved: ➢ +2.5% organic CAGR over the 2021-2023 period

Ambition (revised in November 2023):

➢ Minimum 2.5% organic CAGR

Achieved: ➢ +3.3% organic CAGR(2) over the 2021-2023 period

Ambition (set in March 2021):

➢ Minimum mid-single digit organic CAGR

Leverage excl. leasing

2021-2023

Achieved: ➢ 1.65x at the end of FY 2023

Ambition (set in March 2021):

➢ 1.75x at the end of FY 2023

Organic change excludes currency and scope. % of change vs. the same period last year. (1) Current operating income before acquisition-related expenses

(2) Based on 2020 current operating income before acquisition-related expenses excluding Parcel Pending's earn-out reversal, i.e. €145 million, with a scope effect resulting in a €140 million proforma

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Governance | Board evolution in line with recent changes in Quadient capital structure

As of 31 January 2024

Shareholders owning more than 3% of Quadient's capital

Management, directors and employees (0.94%)

Vesa Equity Investment SARL (Luxembourg) (12.19%)

• ▪ Co-option of Bpifrance Investissement as anindependent Director as of 22 March 2024

  Teleios Capital Partners GmbH (10.01%)

  Bpifrance Participations(1) (8.12%)

  Janus Henderson Investors UK, LTD (4.16%)

  Dimensional Fund Advisors, L.P. (U.S.) (3.94%)

  The Vanguard Group, Inc. (3.68%)

  Wellington Management Company, LLP (3.29%)

• ▪ Co-option to be submitted to the approval of Quadient shareholders at the next Annual General Meeting, on 14 June 2024

(1) Bpifrance Participations is controlled by Bpifrance SA, itself jointly controlled at 49.2% by Caisse des Dépôts et Consignations and 49.2% by the EPIC Bpifrance.

Bpifrance shareholding

− In line with the governance agreement signed between Bpifrance Participations and

Quadient in July 2023 − Bpifrance Investissement to be represented by Emmanuel Blot

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Laurent du PASSAGE CFO

Quadient | 9.3% of organic increase in current EBIT(1) delivering on Quadient strategic choices

Revenue breakdown

(in €m, % organic change)

Current EBIT(1)

(in €m)

+1.9% organic growth

in FY 2023 vs FY 2022

+9.3% organic growth

in FY 2023 vs FY 2022

1,071

1,062

1,071

1,062

(12.5)%

FY '22

0.3%

• 69% 70% +3.4%

Professional services Licenses & hardware sales

Subscription-related revenue

FY '23FY '22

FY '23

+1.9%

International

(2.4)%

Main European Countries

151

157

+4.5% North America

FY '22

FY '23

Breakdown by revenue typeBreakdown by geography

2022 figures restated to reflect Mail-Related Solutions Italian subsidiary being reclassified as discontinued operations in 2023 (as per IFRS 5)

Organic change excludes currency and scope effects. % of change vs. the same period last year

Group Q4 2023 organic growth in revenue of 1.4%. Details of Q4 performance from slide 42 (1) Current operating income before acquisition-related expenses

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Quadient | Solid Software growth; another strong performance in Mail

FY 2023 revenue bridge

(in €m, % of organic change)

Reported change: (0.8)%Organic change: +1.9%

(2)

1

1,071

(0.2)%

+1.6%

20

(25)

(4)

+9.0%

1,062

FY 2022

Scope	Intelligent	Mail-Related	Parcel Locker	Currency
effect(1)	Communication	Solutions	Solutions	effect(2)
Automation

FY 2023

2022 figures restated to reflect Mail-Related Solutions Italian subsidiary being reclassified as discontinued	(1)	Divestments of Graphics activities in the Nordics and Shipping solutions in France in June 2022 and acquisition of Daylight in September 2023
operations in 2023 (as per IFRS 5)	(2)	Average rates EUR/USD FY 2023 = 1.083 and FY 2022 = 1.049; EUR/GBP FY 2023 = 0.87 and FY 2022 = 0.86
Organic change excludes currency and scope. % of change vs. the same period last year

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