Goldman Sachs Financial
Technology Conference
Wednesday, September 18th, 2013
New York City

Goldman Sachs
FinTechConference

Disclaimers

Sept. 18th, 2013

▶ This document contains further forward-looking statements that involve risks anduncertainties 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 2012 Reference Document filed with theAutorité des Marches Financiers (AMF) on April 3rd, 2013 under the registration number: D130271.
▶ Business Units include Germany, France, United Kingdom & Ireland, Benelux & The
Nordics (The Netherlands, Belgium, Luxembourg, Denmark, Finland, and Sweden), AtosWorldline (French, German, Belgian, Asian, and Indian subsidiaries), Central & Eastern
Europe (CEE: Austria, Bulgaria, Croatia, Serbia, Poland, Czech Republic, Russia, Romania,Slovakia, Switzerland, Italy, and Turkey), North America (USA and Canada), Iberia (Spainand Portugal), and Other Business Units including Major Events (including MSL), Latin
America (Brazil, Argentina, Mexico, Colombia and Chile), Asia Pacific (Japan, China, Hong
Kong, Singapore, Malaysia, Indonesia, Philippines, Taiwan, Thailand and Australia), India,
Middle East, Morocco, South Africa, New Business Ventures (blueKiwi, Yunano and Canopy).
▶ Revenue organic growth is presented at constant scope and exchange rates. 2013 objectives
have to be considered with exchange rates as of 31 December 2012.
▶ Adjusted (non diluted) Earnings Per Share (EPS) represents the net income adjusted ofrestructuring, rationalization and customer relationship amortization, net of tax, divided by
the weighted average number of shares during the year.
▶ Worldline figures are best estimates made by the company during the carve-out process andare unaudited.
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FinTechConference

AgendaSept. 18th, 2013

1. Atos profile and performance
2. Focus on e-payment services :3. Key takeaways

4. Q&A session

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FinTechConference
Sept. 18th, 2013

Atos profile and performance4

Atos: Grown through acquisitions to become aTier One global player and European IT Leader

Goldman Sachs
FinTechConference
Sept. 18th, 2013

Revenue 2012
EUR

No. of Employees

8,844 million 77,000Countries47

 No. 7 worldwide in Tier One customer
IT Services
base: E.g. Siemens,
 No. 1 European
BNP Paribas, KPN,
player in Managed
EDF, Department ofServices
Work and Pensions, No. 1 electronic
BBC, NS&I, McGraw
payment player inHill, NSN, etc.
Europe Tier One industry
 Global IT-Partner ofrecognition: Leader
the Olympic &in Gartner’s Magic
Paralympic Games
Quadrant insince 1992
DataCenter,
Infrastructure
Utility, Helpdesk andDesktop
Outsourcing
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FinTechConference

Delivering on commitments andenhancing shareholders value▶ Revenue (in EUR million)

x1.7

8,844

Sept. 18th, 2013

▶ Operating margin(in EUR million and % of revenue)

x2

6.6%
580

5,127

5.7%
291

2009

2012

▶ Net cash position (in EUR million)

2009▶ Free cash flow (in EUR million)

x2.2

359

Dec. 2008

2012

259

117

June 2013

(304)
2009

2012

Market capitalization x3.5 to EUR 5 billion
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FinTechConference

Atos business profile

Sept. 18th, 2013

Revenue by Service LineManaged Services

7%
22%

47%

77% ofrevenue
based onmulti-years
contracts

Systems Integrationof which 8% ofApplication Management

HTTS & SpecializedBusinesses
24%

including e-payment

Consulting & TechnologyServices

A company having:▶ 77% of recurring multi-years revenue,▶ a strong sales track record with EUR 10 billion
order entry in 2012
▶ a dedicated electronic payment
international entity of EUR 1.1 billion revenue
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FinTechConference
Sept. 18th, 2013

Focus on e-payment services

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Wordline presentation

Sept. 18th, 2013leading European playerin e-payment services

GLOBALINTEGRATION

BRAND
RECOGNITIONEFFICIENTOPERATION

9GROWTHACCELERATION

Goldman Sachs
FinTechConference

Key figures and geographicalpresence of Worldline
Key figuresSept. 18th, 2013

▶ EUR 1.1 billion revenue▶ 15% operating margin rate
▶ EUR ~100 million free cash flow

7,100 staff in 17 countries
1,140
Benelux875

Germany625

UK

40

2,860

Austria

France440500
Spain330320

India

Latin America
Argentina
Chile

10Asia Pacific
China
Hong Kong
Indonesia
Malaysia
Singapore
TaiwanBusiness Lines level:
e-payment services
for merchants

MerchantServices&Terminals

EUR 353 million
revenue in 2012

e-payment andtransaction services
for governments,
transportations,…

e-payment
for banking
institutions

Financial
Processing& Software
LicensingMobility &e-Transactional

Services

EUR 341 million
revenue in 2012

EUR 375 million
revenue in 2012

TO (Technical Operation) level:
Industrial volumes processing capacities

11Operations supported by innovation
and R&D investment in payment
software and solutions

Sept. 18th, 2013

SDO (Software Devt Office) Level:

A client-centric e-Payment company
built around 3 Global Business Lines

Goldman Sachs
FinTechConferenceMerchant Services &Terminals
Main activities & offerings▶ Commercial
acquiring andacceptance services▶ Online services▶ Private label cards
and loyalty services▶ Payment terminals
Customers▶ Merchants (SMBs)▶ Large retailorganizations▶ Online merchantsGoldman Sachs
FinTechConference
Sept. 18th, 2013

H1 2013 performance*

178 million revenue+3.7% organic growth
18.3% operating margin
EUR

Growth drivers▶ International expansion ofcommercial acquiring▶ Structural development of electronic
payment and▶ Acceleration of e/m payment▶ Value-added acceptance services andcross channel commerce▶ Strategic alliances development* Best estimates made by the company during the carve-out process
12Mobility & e-Transactional
Services
Main activities & offerings▶ e-Government services(tolling systems, fineprocessing centers,…)▶ e-Ticketing solutions
and services▶ e-Consumer andmobility services
Customers▶ Public entities▶ Transport companies▶ Healthcareorganizations▶ Telecom and media

Goldman Sachs
FinTechConference
Sept. 18th, 2013

H1 2013 performance*

182 million revenue+10.0% organic growth
11.4% operating margin
EUR

Growth drivers▶ Strong demand in public sector
for e-Tolling and e-Fines services▶ Integration of payment solutions
in digital services▶ Structural shifts from paper
based ticketing systems toelectronic ticketing processing
platforms* Best estimates made by the company during the carve-out process
13

Financial Processing &Software Licensing
Main activities & offerings▶ Issuing processingservices▶ Acquiring
processing services▶ Online bankingplatforms▶ Payment software
licensing
Customers▶ Banks▶ Financialinstitutions

Goldman Sachs
FinTechConference
Sept. 18th, 2013

H1 2013 performance*

189 million revenue+2.8% organic growth
18.5% operating margin
EUR

Growth drivers▶ Structural growth of cards based
payments▶ Strong demand of financial institutions
for individualized and value-addedcards payment services▶ Adaptation of existing cards services toe-commerce and m-commerce▶ Payment regulatory shifts driving
project activities* Best estimates made by the company during the carve-out process
14Goldman Sachs
FinTechConference

Worldline growth drivers

Sept. 18th, 2013

Transaction
volumegrowthExtensive
value
chain
positioning

New usages,
payment
means, andconnected
devices

Europeanconsolidation
andgeographic
expansion

Acceptanceservices

New EU
regulation(SEPA,PSD2,…)

15

A recognized state of the art
products/offerings portfolio

Goldman Sachs
FinTechConference
Sept. 18th, 2013

Worldline has a 30 years track record of innovative payment
solutions, with regular launches of new products and offerings

16

A end-to-end positioning in thepayment value chain

Issuing

Issuing
processing

Acquiringprocessing

Offline payment
cards, checks,
direct debit, SEPA
mandates,…

Onlinepayment

m-payment
Loyalty,
Prepaid,fuel cards,
e-Ticketing…

17

Goldman Sachs
FinTechConference
Sept. 18th, 2013

Commercial
acquiring

Acceptance& value-add
services formerchants

Goldman Sachs
FinTechConference

Focus on mobile Payments
Mobile is the pivot for new purchase experience

Sept. 18th, 2013

▶ Merging merchant and customer’s experience
Worldline NFC Mobile Wallet:
Your mobile is your wallet

Worldline Mobile Acceptance: Payment
card acceptance on merchantsmartphones

Worldline Cloud Payment:
No need to queue up for ordering

Convergence online / in-store
and Multichannel

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FinTechConference

Focus on mobile Payments
Worldline recent references around mobile Payments

Sept. 18th, 2013

Face-to-faceRemoteAlbert
Heijn
To-Go« L’appli »Société Générale

Commerce

P2P

Purchase of goods
or services

Person-to-person
money transfer

Mobile Banking

Authentication

Retail banking
operations

movofor Payment onother channel
SEA on mobilePush iPhone, Android…

Among many other mobility services within Worldline Smart Mobility
ProgramLocalisation

Ticketing

GamesShopping

19...

Omni-commerce: a major development inWorldline offerings

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FinTechConference

Cross-channel payments = e-commerce power at the POS !

2FINDING THE
STORE LOCATION

3BEING ORIENTATED IN
THE STORE

WHILE
4 BEING ASSISTEDSHOPPING

5GETTING PERSONALIZEDINFORMATION ON
PRODUCTS

6GETTING CONTEXTUALPROMOTIONSGETTING THE ABILITY TO
CHOOSE THE BEST PRICES

8COMPLEMENTARITY
ONLINE / OFFLINE

9DEMATERIALIZEDPAYMENT17FILLING ONE’S OWNSHOPPING LIST

Sept. 18th, 201320

Goldman Sachs
FinTechConference
Sept. 18th, 2013

Conclusion

21

A European leading multi-channel transactionnal
specialist focused on value added services

Goldman Sachs
FinTechConference
Sept. 18th, 2013

Paymenttransactions
volumes in 2012
- 2.2 billion of
acquiringtransactions- 51 million of
credit and debit
cards- 568 million of
remote payment- Over 1 million
terminals

A leading position

Digitaltransactions
volumes in 2012
- 2.2 billion calls(IRV & contactcenters)

N°1 Commercial acquirer in Benelux
N°1 e-Commerce payment provider in France
N°1 POS acceptance platform in Germany
N°1 Issuing processing in Germany
N°1 POS Terminal provider in the Netherlands
N°1 DCC acquiring provider in India
Leading Issuing solution provider in Asia

22- 3 billion SMS (ShortMessage Services),+85 percent growthcompared to 2011

- 68 million emailboxes

: revenue vs. peers

Goldman Sachs
FinTechConference
Sept. 18th, 2013

▶ Estimated revenue in Europe (in EUR billion)
1.1

Gemalto1.0

Atos payment & merchantFirst Data

0.7

NETS

0.7
0.7

Worldpay0.6

Ingenico

0.5

EdenredFNI0.4

Wirecard

0.4

Global Payments

0.4

Equens

0.4

SIA

0.3

Fiserv

0.2

TSS

0.2

SIX Payment Services

0.2
Sources: Atos, companies, analysts consensus

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FinTechConference

Key takeaways

Sept. 18th, 2013

Worldline carve-out completed as a first step for its development▶ A client-centric organization centered around e-payment and payment
related services▶ Unique end-to-end positioning in the payment value chain▶ Worldline positioned as Europe’s leading payment player with industrial
processing capacities▶ More strategic and financial flexibility through the carve-out for being aconsolidator in the fragmented European landscapeStrong growth opportunities▶ Structural number of transactions growth▶ Regulation changes opportunities▶ Continuous investment in innovation thanks to a strong R&D capability
to benefit from new usages

Worldline has a unique positioning to take advantageof the fast changing payment landscape24Goldman Sachs
FinTechConference
Sept. 18th, 2013

Q&A session

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FinTechConference
Sept. 18th, 2013

From
Questions
toAnswers
26

Thank you

Atos, the Atos logo, Atos Consulting, Atos Worldline, Atos Sphere,
Atos Cloud and Atos WorldGrid
are registered trademarks of Atos SE. June 2011
© 2011 Atos. Confidential information owned by Atos, to be used by
the recipient only. This document, or any part of it, may not be
reproduced, copied, circulated and/or distributed nor quoted without
prior written approval from Atos.