Transparency andDisclosure Report
H1 2022
Pillar III Report
Adyen N.V.

Adyen Transparency and Disclosure Report H1 2022|Page 1

Introduction
This document presents the consolidated Transparency and Disclosure Report (Pillar III report) for H1 2022 ofAdyen N.V. (Adyen) as per 30 June 2022.1
As a ‘less significant institution’2 based in the European Union, Adyen operates under the Capital Requirements
Directive IV (CRD IV) and Capital Requirements Regulation (CRR), including the amendments to this framework asdocumented in CRR II3 and CRD V4. This framework is based on a three-pillars concept:•Pillar I – Minimum capital requirements•Pillar II – Supervisory review•Pillar III – Market disclosures
The Pillar III disclosure framework seeks to promote market discipline through regulatory disclosure requirements.
Pursuant to Part Eight of the CRR, Adyen is required to publicly disclose information regarding, amongst others, its
risk profile, risk management and capital adequacy on an annual basis. Adyen discloses this information by meansof the year-end Pillar III report (see ‘Transparency and Disclosure – Pillar 3’ for 2021). Per CRR Article 433c(1)(b),Adyen is required to publish its key metrics on a semi-annual basis, which are disclosed in this H1 2022 Pillar III
document with a reference date of 30 June 2022.
The content of this Pillar III report meets all the requirements laid down in CRR and corresponding delegatedregulations and guidelines. This report has not been audited by Adyen’s external auditor.

Key metrics
CapitalIn Pillar I, Adyen applies the standardized approaches to determine how much capital it is required to hold for creditand market and applies the Basic Indicator Approach for operational risk. The total risk exposure amount at 30 June
2022 was EUR 2.9 billion.
As at 30 June 2022, Adyen’s capital totals EUR 1,684 million, resulting in a CET1 capital ratio of 59.0%. Subject toapproval from DNB, Adyen may include its H1 2022 interim net profit to CET1 capital, which would result in a CET1
capital of EUR 1,966 million and a CET1 ratio of 68.9%. At the publication date of this document, approval has not
yet been granted, but is expected over the course of Q3 2022. The same holds for the new SREP own funds
requirement, at the moment of publication of this document we are awaiting the final decision from DeNederlandsche Bank.

Leverage
Adyen’s leverage ratio is 25.7% as at 30 June 2022, which is above the regulatory requirement of 3%.

Liquidity Coverage Ratio (LCR)
The Liquidity Coverage Ratio of Adyen was 6,322% on average over the three months preceding 30 June 2022, well
above the regulatory requirement of 100%.
As per 18 July 2022 De Nederlandsche Bank and Adyen agreed a new calculation method for the Liquidity Coverage
Ratio on the basis of the application of Article 26 LCR DA. Adyen reports its LCR on the basis of this revised
calculation from July 2022 onwards. For reference, the June 2022 LCR on the basis of this new calculation method
would be 2,273%, well above the regulatory requirement.

Net Stable Funding Ratio (NSFR)
As at 30 June 2022, Adyen’s NSFR is 228%, well above the regulatory requirement of 100%.

1 Art. 436(a) CRR.
2 Art. 441 CRR.
3 Regulation (EU) No 876/2019 (‘CRR II’)
4 Amended Directive 2013/36/EU

2

Annex KM1 – Key Metrics
Please note all numbers are denoted in EUR amounts, unless stated otherwise.

12

Available own funds (amounts)
Common Equity Tier 1 (CET1) capital
Tier 1 capitalabc30-Jun-22

31-Dec-21

30-Jun-21

1,683,820,112
1,683,820,112

1,675,810,613
1,675,810,613

1,073,531,475
1,073,531,475

3

Total capital
Risk-weighted exposure amounts

1,683,820,112

1,675,810,613

1,073,531,475

4

Total risk exposure amount
2,852,492,633
Capital ratios (as a percentage of risk-weighted exposure amount)
Common Equity Tier 1 ratio (%)
59.03%

2,600,447,424

2,338,018,137

64.44%

45.92%

567

EU 7a
EU 7b
EU 7c
EU 7d
8
EU 8a
9
EU 9a
10
EU 10a11
EU 11a1213
14

EU 14aEU 14b
EU 14c
EU 14dEU 14e15
EU 16a
EU 16b
1617
18
1920

Tier 1 ratio (%)
59.03%
64.44%
45.92%
Total capital ratio (%)
59.03%
64.44%
45.92%
Additional own funds requirements to address risks other than the risk of excessive leverage (as a percentage of riskweighted exposure amount)
Additional own funds requirements to address risks other than the
7.20%
7.20%
7.20%
risk of excessive leverage (%)
of which: to be made up of CET1 capital (percentage points)
4.05%
4.05%
4.05%
of which: to be made up of Tier 1 capital (percentage points)
5.40%
5.40%
5.40%
Total SREP own funds requirements (%)
15.20%
15.20%
15.20%
Combined buffer and overall capital requirement (as a percentage of risk-weighted exposure amount)
Capital conservation buffer (%)
2.50%
2.50%
Conservation buffer due to macro-prudential or systemic risk
0.00%
0.00%
identified at the level of a Member State (%)
Institution specific countercyclical capital buffer (%)
0.00%
0.01%
Systemic risk buffer (%)
0.00%
0.00%
Global Systemically Important Institution buffer (%)
0.00%
0.00%
Other Systemically Important Institution buffer (%)
Combined buffer requirement (%)
Overall capital requirements (%)
CET1 available after meeting the total SREP own funds
requirements (%)
Leverage ratio
Total exposure measure

2.50%
0.00%
0.01%
0.00%
0.00%

0.00%
2.50%
17.70%

0.00%
2.51%
17.71%

0.00%
2.51%
17.71%

41.33%

46.73%

28.20%

6,555,904,166

5,702,826,270

4,503,744,364

Leverage ratio (%)
25.68%
29.39%
23.84%
Additional own funds requirements to address the risk of excessive leverage (as a percentage of total exposuremeasure)
Additional own funds requirements to address the risk of0%0%0%excessive leverage (%)
of which: to be made up of CET1 capital (percentage points)
0%0%0%
Total SREP leverage ratio requirements (%)
3%
3%
Leverage ratio buffer and overall leverage ratio requirement (as a percentage of total exposure measure)
Leverage ratio buffer requirement (%)
0%
0%

3%

Overall leverage ratio requirement (%)
Liquidity Coverage Ratio
Total high-quality liquid assets (HQLA) (Weighted value)
Cash outflows - Total weighted value
Cash inflows - Total weighted value
Total net cash outflows (adjusted value)
Liquidity coverage ratio (%)
Net Stable Funding Ratio
Total available stable funding
Total required stable funding
NSFR ratio (%)

0%

3%

3%

3%

3,157,532,217
199,768,943
3,436,586,32949,942,236
6,322%

2,439,244,181
179,745,349
2,161,918,046
44,936,337
5,428%

1,698,732,232
160,173,349
1,724,463,296
40,043,337
4,242%

2,241,581,943
984,227,680
227.75%2,226,819,159
784,953,974
283.69%1,561,650,063
761,139,101
205.17%

Table 1: Adyen’s key metrics per reference dates 30 June 2022, 31 December 2021 and 30 June 2021.

Adyen Transparency and Disclosure Report H1 2022|Page 3