Worldline Management

Management criteria checks 3/4

Worldline's CEO is Gilles Grapinet, appointed in Jul 2013, has a tenure of 10.83 years. total yearly compensation is €3.12M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 0.061% of the company’s shares, worth €1.70M. The average tenure of the management team and the board of directors is 6.8 years and 5.1 years respectively.

Key information

Gilles Grapinet

Chief executive officer

€3.1m

Total compensation

CEO salary percentage	24.0%
CEO tenure	10.8yrs
CEO ownership	0.06%
Management average tenure	6.8yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gilles Grapinet's remuneration changed compared to Worldline's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-€817m
Sep 30 2023	n/a	n/a	-€289m
Jun 30 2023	n/a	n/a	€239m
Mar 31 2023	n/a	n/a	€225m
Dec 31 2022	€3m	€750k	€211m
Sep 30 2022	n/a	n/a	€201m
Jun 30 2022	n/a	n/a	€191m
Mar 31 2022	n/a	n/a	€191m
Dec 31 2021	€3m	€691k	€191m
Jun 30 2021	n/a	n/a	€128m
Mar 31 2021	n/a	n/a	€127m
Dec 31 2020	€2m	€623k	€127m
Sep 30 2020	n/a	n/a	€193m
Jun 30 2020	n/a	n/a	€223m
Mar 31 2020	n/a	n/a	€267m
Dec 31 2019	€3m	€606k	€311m
Sep 30 2019	n/a	n/a	€248m
Jun 30 2019	n/a	n/a	€185m
Mar 31 2019	n/a	n/a	€143m
Dec 31 2018	€2m	€415k	€101m
Sep 30 2018	n/a	n/a	€106m
Jun 30 2018	n/a	n/a	€112m
Mar 31 2018	n/a	n/a	€109m
Dec 31 2017	€2m	€415k	€106m

Compensation vs Market: Gilles's total compensation ($USD3.33M) is about average for companies of similar size in the UK market ($USD2.60M).

Compensation vs Earnings: Gilles's compensation has increased whilst the company is unprofitable.

CEO

Gilles Grapinet (60 yo)

10.8yrs

Tenure

€3,121,089

Compensation

Mr. Gilles Grapinet serves as Independent Chairman of the Board at Younited S.A. Mr. Grapinet serves as Independent Director at Orange S.A. since May 23, 2023. He served as Chairman and Director at Ingenic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gilles Grapinet	CEO & Director	10.8yrs	€3.12m	0.061% € 1.7m
Marc-Henri Desportes	Deputy CEO & Head of Merchant Services	10.8yrs	€1.75m	no data
Gregory Lambertie	Group Chief Financial Officer	2yrs	no data	no data
Christophe Duquenne	Group Chief of Technology & Operations	11.3yrs	no data	no data
Laurent Marie	Head of Investor Relations	no data	no data	no data
Charles-Henri de Taffin	General Secretary and Group Head of Legal	6.8yrs	no data	no data
Pierre-Emmanuel Degermann	Group Head of M&A and Development and Head of Strategy	no data	no data	no data
Florence Gallois	Chief People Officer	1.1yrs	no data	no data
Vincent Roland	Group Head of Strategic Developments & Partnerships	8.3yrs	no data	no data
Sarah Bokobza	Head of French Corporate PR	no data	no data	no data
Lisa Coleman	Group Head of Operational Performance	5.2yrs	no data	no data
Pascal Mauze	Chief Revenue Officer of Financial Services	less than a year	no data	no data

6.8yrs

Average Tenure

50yo

Average Age

Experienced Management: 0QVI's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gilles Grapinet	CEO & Director	10.1yrs	€3.12m	0.061% € 1.7m
Aldo Cardoso	Independent Director	9.9yrs	€74.00k	0.00053% € 14.7k
Georges Pauget	Interim Chairman & Lead Independent Director	5.1yrs	€60.00k	0.00027% € 7.5k
Gilles Arditti	Independent Director	10.1yrs	€60.00k	0.0071% € 196.1k
Danielle Lagarde	Independent Director	7.4yrs	€67.00k	0.00097% € 26.9k
Nazan Özelgin	Independent Director	3.6yrs	€45.00k	0.00056% € 15.5k
Michael Stollarz	Director	3.6yrs	€45.00k	0.00055% € 15.3k
Daniel Schmucki	Director	4.2yrs	€60.50k	0.00027% € 7.5k
Marie-Christine Lebert	Employee Representative Director	5yrs	no data	0.00035% € 9.7k
Giulia Fitzpatrick	Director	5.5yrs	€61.50k	0.00027% € 7.5k
Mette Kamsvåg	Independent Director	5.1yrs	€60.00k	0.00035% € 9.7k
Lorenz von Lothringen	Director	5.1yrs	€69.50k	0.00027% € 7.5k

5.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 0QVI's board of directors are considered experienced (5.1 years average tenure).

Worldline Management

Management criteria checks 3/4

Key information

Recent management updates

Crédit Agricole and Worldline Announces Executive Appointments to its Joint-Venture

Worldline SA, Annual General Meeting, Jun 13, 2024

Insider recently bought €1.0m worth of stock

Recent updates

Crédit Agricole and Worldline Announces Executive Appointments to its Joint-Venture

Worldline SA to Report First Half, 2024 Results on Aug 01, 2024

Worldline SA, Annual General Meeting, Jun 13, 2024

Crédit Agricole S.A. (ENXTPA:ACA) acquired 7% stake in Worldline SA (ENXTPA:WLN).

Worldline Reportedly Weighs Asset Sales to Shore Up Investor Confidence

Now 61% undervalued after recent price drop

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 62%

Worldline SA to Report Fiscal Year 2023 Results on Feb 28, 2024

Worldline Launches FlexCommissions, Enabling Increased Cashflow and Payout Customization for Partners

Now 20% undervalued after recent price drop

First half 2023 earnings released

Full year 2022 earnings released: EPS: €0.75 (vs €0.68 in FY 2021)

Full year 2022 earnings released

Worldline SA (ENXTPA:WLN) completed the acquisition of 40% stake in Online Payment Platform.

Worldline SA (ENXTPA:WLN) entered into agreement to acquire Merchant Activities from Banco di Desio e della Brianza S.p.A. (BIT:BDB) for €100 million.

Worldline SA (ENXTPA:WLN) entered into agreement to acquire Merchant Activities from Banco di Desio e della Brianza S.p.A. (BIT:BDB) for €100 million.

Worldline SA Provides Revenue Guidance for the Year 2022

Worldline SA (ENXTPA:WLN) entered into an agreement to acquire 55% stake in Softpos S.A.

Worldline SA (ENXTPA:WLN) agreed to acquire Online Payment Platform.

Now 21% undervalued

First half 2022 earnings released: EPS: €0.19 (vs €0.19 in 1H 2021)

Investor sentiment improved over the past week

Worldline SA Provides Earnings Guidance for the Year 2022 and Reiterates Earnings Guidance for the Year 2024

Worldline SA (ENXTPA:WLN) completed the acquisition of 80% stake in Eurobank Merchant acquiring activities from Eurobank Ergasias Services and Holdings S.A. (ATSE:EUROB).

Investor sentiment deteriorated over the past week

Worldline S.A. (ENXTPA:WLN) completed the acquisition of 51% stake in Merchant acquiring business of Australia and New Zealand Banking Group Limited.

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Full year 2021 earnings: Revenues in line with analyst expectations

Worldline Enters Exclusive Talks to Sell TSS Terminals Business to Apollo Global

Worldline SA (ENXTPA:WLN) acquired 80% stake Axepta S.p.a.

Worldline SA (ENXTPA:WLN) signed a binding agreement to acquire 80% stake in Eurobank Merchant acquiring activities from Eurobank Ergasias Services and Holdings S.A. (ATSE:EUROB) for €256 million.

Investor sentiment deteriorated over the past week

First half 2021 earnings released: EPS €0.37 (vs €0.29 in 1H 2020)

Worldline SA (ENXTPA:WLN) agreed to acquire 80% stake Axepta S.p.a

Worldline SA (ENXTPA:WLN) entered into bidding agreement to acquire 92.5% stake in Cardlink for an enterprise value of €155 million.

Axepta Bnp Paribas Benelux Sa signed an agreement to acquire Merchant Acquiring Business in Belgium and Luxembourg from Worldline SA (ENXTPA:WLN).

Full year 2020 earnings released: EPS €0.82 (vs €1.71 in FY 2019)

Revenue misses expectations

Worldline S.A.(ENXTPA:WLN) dropped from SBF 120 Index

Aria Systems Expands Partnership with Worldline to Offer Additional Payment Processing Options and Recurring Payment Capabilities

New 90-day high: €77.92

Worldline S.A. (ENXTPA:WLN) agreed to acquire 51% stake in Merchant acquiring business of Australia and New Zealand Banking Group Limited for AUD 485 million.

Australia and New Zealand Banking Group Limited Enters into a Joint-Venture with Worldline

Insider recently bought €1.0m worth of stock

Market bids up stock over the past week

Worldline S.A. to Report Fiscal Year 2020 Results on Feb 24, 2021

Worldline S.A. to Report First Half, 2021 Results on Jul 27, 2021

New 90-day low: €69.24

New 90-day low: €70.12

Worldline S.A. (ENXTPA:WLN) agreed to acquire Ingenico Group - GCS (ENXTPA:ING) for €7.6 billion.

Worldline S.A. (ENXTPA:WLN) completed the acquisition of 53% stake in GOPAY s.r.o., from Pavel Schwarz.

New 90-day high - €81.21

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age