ANNUAL FINANCIAL REPORT UUniversalniversal RegistrationRegistration DocuDocumentment 2020 1= *)+ $%# NFPS 43 5 #.+1, * %0/ 1/%*!// **1 ( "%* * % ( /0 0!)!*0/ AFR 0%2%0%!/ 4?4A68 F;88G KJ4LUF ; (I8EI<8J B9 KJ4LUF @4E>8GF 'BG8F GB G;8 4AAH4? 9 KJ4LUF FGE4G8:L 46G $8L 9<:HE8F 4A7 6B@@8AGF BAZG;8 C4FG 9 B@@8AGF BA G;8 KJ4L ,B9GJ4E8Z, KJ4LUF F<@C?<9<87 FGEH6GHE8 43 5 /+"03 .! /$ .! ,%0 ( 4GZ Z 868@58EZ * /$ .!/ AFR KJ4LUF (E:4A +868AG 78I8?BC@8AGF HEE8AG F;4E8 BJA8EF; -96 :?7@C>2E:@? C6BF:C65 :? E96 '@? :?2?4:2= )6C7@C>2?46 ,E2E6>6?E :D :56?E:7:65 :? E96 4@?E6?ED 2?5 E96 C6=6G2?E 492AE6CD 3J E96 233C6G:2E:@? NFPS -96 :?7@C>2E:@? C6BF:C65 :? E96 ??F2= :?2?4:2= +6A@CE :D :56?E:7:65 :? E96 4@?E6?ED 3J E96 233C6G:2E:@? AFR Universal Registration Document 2020 Ű #PPWCN(KPCPEKCN4GRQTV Ű /CPCIGOGPV4GRQTVKPENWFKPIVJGGNGOGPVUQHVJG'ZVTC (KPCPEKCN2GTHQTOCPEG5VCVGOGPV Ű +PHQTOCVKQPTGNCVKPIVQVJG%QTRQTCVG)QXGTPCPEG4GRQTV CPFǡVJGKPHQTOCVKQPTGSWKTGFHQTVJG)GPGTCN/GGVKPI 6JKU 7PKXGTUCN 4GIKUVTCVKQP &QEWOGPV YCU ƒNGF YKVJVJG (TGPEJ (KPCPEKCN /CTMGVU Authority (Autorité des Marchés Financiers#/( QP/CTEJKPCEEQTFCPEGYKVJ 4GIWNCVKQP '7 PQYKVJQWVRTKQTCRRTQXCNKPCEEQTFCPEGYKVJ#TVKENGQH VJKU4GIWNCVKQP 6JG7PKXGTUCN4GIKUVTCVKQP&QEWOGPVOC[DGWUGFYJGPUGEWTKVKGUCTGQHHGTGFVQVJG RWDNKEQTCFOKVVGFVQVTCFKPIQPCTGIWNCVGFOCTMGV KH UWRRNGOGPVGF D[ C UGEWTKVKGU PQVG CPF YJGTG CRRNKECDNG C UWOOCT[ CPF CNN COGPFOGPVUOCFGVQVJG 7PKXGTUCN 4GIKUVTCVKQP&QEWOGPV6JGTGUWNVKPIFQEWOGPVUCTGCRRTQXGFCUCYJQNGD[VJG#/( KPCEEQTFCPEGYKVJ4GIWNCVKQP '7 43 5 1*%2!./ ( .!#%/0. 0%+* + 1)!*0 $[ZD\SURͤOH DISCUSSIONS “Axway enters its 21st year RQbDVRXQGIRRWLQJ̹ hile the unprecedented global mobilisation continues to combat a brutal and unforeseeable health and economic ETKUKUKVYCURCTVKEWNCTN[FKHƒEWNVVQFTCYWRCPCUUGUUOGPV of 2020, a year we would like to forget for countless Wreasons. Nevertheless, in 2020, Axway stood out for the resilience of its business model in a radically disrupted environment. The company skilfully overcame the numerous hurdles that the pandemic threw in its path and I am proud to say that Axway is entering its 21st year on a sound footing. In the world of software, celebrating 20 years is a major achievement. Today, Axway is a seasoned infrastructure market specialist but can demonstrate the agility of a leading technological company, as illustrated by the transformation of its business model. Spurred by Patrick Donovan and his teams, the last three Pierre PASQUIER years have seen numerous changes. In 2020, Axway Chairman of the Axway Board of Directors ƒPCNKUGFKVUVTCPUHQTOCVKQPRNCPVQDGEQOGCNGCFGTKPKVU new markets and is now looking to the next chapter in its adventure. Over the next few years, Axway will continue to combine Digital technology will play a major role in our its pioneering experience with the ever renewed momentum future and software infrastructure is one of required by the global software publishing market. The its key components. Axway must be able to ƒTUVRJCUGQHVJKUPGYRTQLGEVKUYJKEJYGCNNJQRG UGK\GVJGQRRQTVWPKVKGUVJCVYKNNEQPƒTOKVU will be marked by a return to normality for our activities position as an independent leader. and lives. This will depend, as always, on the Company’s I know that in 2021, Axway’s 1,888 employees will once ability to propose the best technologies, again do their utmost to make their Company a committed experiences and offerings to its customers. player in its economic, social and societal ecosystem. By But furthermore, and above all, it will also combining value creation and commitment to the require flexibility and the capacity to adapt in Company’s various stakeholders, Axway can further its a world where uncertainty is the new development with ever growing success. normal. 2 AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT axway.com e began our journey to transform Axway 3 years Through this perseverance, I am very pleased to see that our 2020 ago. While our products were well suited to our results and Axway's performance over the last three years are in line customers' needs, we realised that they needed with our ambitions. Our efforts have resulted in the desired returns Axway to evolve the way it interacted with them. for our key stakeholders: For 20 years, the world's largest orgnisations and W enterprises have trusted Axway to meet their critical • 9GJCXGKPXGUVGFCPFOCFGUKIPKƒECPVQRGTCVKQPCNEJCPIGU KPVGITCVKQPPGGFU/CPCIGF(KNG6TCPUHGT$$ in several key areas to be ever closer and more responsive to integration, API management, Content Services, our customers. As a result of these efforts, we have improved Accounting Integration etc. – our customers rely dramatically our Net Promoter Score with our Customers and on our products every day, but they also expect us Partners to take our place in the upper quartile of enterprise to give them a new way forward. software vendors in terms of rankings. • Our Employee GPICIGOGPVUEQTGJCUUKIPKƒECPVN[KORTQXGF 1WTOKUUKQPUKPEGJCUDGGPVQTGNCWPEJ and has exceeded the goals we set for ourselves. We have built Axway's essential investments to continue creating an environment of mutual trust with our employees through value for its stakeholders over the next twenty years. transparent dialogue and the development of more tailored support 9GEJQUGVQUNQYFQYPQWTJKUVQTKECNHQEWUQP/# for our teams in achieving their goals. I believe this is a major and to place greater emphasis on the development competitive advantage for Axway. of our core business offerings. In 2018 and 2019, we • The adoption of a new customer engagement model and increased gradually achieved our objectives and in 2020 we KPXGUVOGPVKPQWTQHHGTKPIUJCXGRWV#ZYC[ URTQƒVCDKNKV[WPFGT were able to complete our mission. We believed all pressure over the last three years. However, by sticking to our GNGOGPVUYGTGKPRNCEGVQDGCDNGVQƒPKUJQWTYQTM TQCFOCRCPFTGIWNCTN[CEJKGXKPIQWTƒPCPEKCNQDLGEVKXGUYGCTG and while 2020 brought its share of challenges and gradually gaining market support. Thanks to our renewed growth surprises, our teams continued to move forward momentum, we are in a more solid position today than we were and were constantly innovating to achieve our a year ago, since the AXW share price has risen very sharply over objectives. VJGƒPCPEKCN[GCT6JGEQPƒFGPEGQHQWTShareholders and a better stock market valuation will obviously be additional assets in the success of the next stages of our journey. At the time of this writing, we are completing our 2021 to 2023 business plan. The great work done by the team on our internal transformation provides us with a strong foundation for the future. +PYGYKNNHQEWUQPTGƒPKPIQWTEWUVQOGTHQEWUGFUVTCVGI[ and will continue to align our offerings and the value they create with customer expectations. In addition, we will continue to rigorously manage our portfolio of assets to maximise growth and returns according to the different levels of maturity of our markets. We will also return to the search for value through mergers and acquisitions in the coming years. Today, I am very pleased to be able to announce that our transformation plan over the past three years has been a success. Axway's teams and I look forward to achieving our next goals and continuing our journey to serve our Customers, Partners, Employees and Shareholders. "Our 2020 results and our performance over the last three years are in line with our ambitions.” Patrick DONOVAN $[ZD\&KLHI([HFXWLYH2IͤFHU AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 3 $[ZD\SURͤOH BUSINESS LINES OUR MISSION: accompany the modernisation of our customer’s IT infrastructures, by securely moving, integrating and exposing their strategic data. . By business st HORIZONTAL SOFTWARE % 12 PUBLISHER IN FRANCE % Services 9 6QR5[PVGE&KIKVCNşş';* Licenses 1 33% 2020 Revenues Subscription % €297.2m Axway, a recognised leader: +66 % vs. 2019 46 Maintenance Gartner: Magic Forrester: Quadrant for Full API Life Cycle API* Management 79% Source: Gartner 2020 Solutions, Recurring Magic Quadrant for Full Life 3Ǿ* vs. 69% in 2019 Cycle API Management, Paolo Malinverno et al., Source: The Forrester b6HSWHPEHU Wave™, 4 August 2020. By region According to Gartner, “due to its long-term % 2020 Revenues % strategic relevance, Full Life Cycle API 42 32 Management continues to represent Americas France €297.2m DbFRUQHUVWRQHRIGLJLWDOWUDQVIRUPDWLRQOHG 21% development and integration middleware % Rest revenue growth.*” 5 of Europe $VLD3DFLͤF * Please refer to the disclaimers on page 274. 68% International vs.71% in 2019 2020: Successful completion of the three-year transformation plan $GDSWDWLRQRI 2020 Upgrading WKHbRUJDQLVDWLRQ RIbWKHSURGXFW WRbIRFXVRQ SRUWIROLR 6WUHQJWKHQLQJ FXVWRPHUV RIbWKHbPDQDJHPHQW ,QFUHDVHGQRWRULHW\ 2018 WHDPDQGHPSOR\HH HQJDJHPHQW IRUORQJWHUPJURZWK 4 AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT axway.com OFFER AND CUSTOMERS OUR OFFER: with Axway’s platform, all data in a digital ecosystem ECPǾKPVGTCEV Axway expertise: API management: Managed File Transfer B2B-EDI Integration: API management and (MFT): Orchestrating business interactions microservices governance to Managing the largest critical data on all value chains in a company. streamline the management, flows in a flexible and secure analysis and expansion of digital manner. services. App Integration: Content Collaboration Mobile Integration: Access to a collection of pre-built (CSP): Offers from managed solutions to integration scenarios via IpaaS Exchanging and synchronising real-time comprehensive data control providing the flexibility needed to capacities. EQORCP[ƒNGUGCUKN[YJKNG respecting all data security ramp-up mobile demand. requirements. Axway in the world: Distribution 17 +11,000 SUBSIDIA- ̮ in 100 EMPLOYEES CUSTOMERS RIES COUNTRIES OUR CUSTOMERS: Their business sectors Financial services Manufacturing Retail Public sector NPS Transport & Logistics Healthcare ̮̮ POINTS SINCE 2017 Axway’s success is founded on customer satisfaction In 3 years, the Net Promoter Score* satisfaction indicator has improved 38 points. * Information on the NPS method used to measure customer satisfaction is presented in Chapter 3 of the 2020 Universal Registration Document.. Further information can be found in Chapter 1 of the 2020 Universal Registration Document. AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 5 $[ZD\SURͤOH OPERATING INDICATORS Revenue & Results Revenue 3URͤWRQRSHUDWLQJDFWLYLWLHV 1HWSURͤW (in millions of euros) (in millions of euros) 283.8 300.0 297.2 €M €M €M 31.9 30.8 11.0 25.9 8.5 2018 2019 2020 5.4 SIGNATURES NEW ACV METRIC % % ̮ ̮ 11.2% 8.6% 10.4% of Revenue 3.9% 1.8% 2.9% ̮̮ Annual value Licenses of new subscription + 3X new ACV contracts 2018 2019 2020 2018 2019 2020 Investments Balance sheet In Research & Development In Sales & marketing (in millions of euros) (in millions of euros) Net debt € M 58.0 61.3 60.4 99.1 92.9 24.0 83.3 vs. €22.0M at 31/12/2019 Cash €M vs. €21.1M at 31/12/2019 Equity € M 2018 2019 2020 2018 2019 2020 vs. €362.6M at 31/12/2019 2021 Objectives Mid-term goal Limited visibility: Positions differ between geographic zones Operating Earnings Revenue SURͤWPDUJLQ per share Organic Operating € M % € revenue growth SURͤWPDUJLQ ! > % % % % 2 to 4 to (WTVJGTKPHQTOCVKQPECPDGHQWPFKP%JCRVGTQHVJG7PKXGTUCN4GIKUVTCVKQP&QEWOGPV#NVGTPCVKXGRGTHQTOCPEGOGCUWTGUCTGFGƒPGFKPVJGINQUUCT[ 6 AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT axway.com STOCK MARKET PROFILE & SHARE CAPITAL Euronext Paris - Compartment B Main Euronext indexes: Bloomberg: AXW-FR CAC Mid & Small Visit our shareholder website: Reuters: AXW.PA EN Tech Croissance https://investors.axway.com Market capitalisation CAC Technology CVǾ Ź/ Basic earnings per share Share price and monthly trading volumes (in euros) (in euros) Average closing share price (in thousands of shares) 0.52 0.25 0.40 28 Monthly trading volume 400 26 350 24 2020 300 22 250 Dividend 20 (in euros) 18 200 not distributed * 16 150 0.40 GXHbWRb&29,' 0.40 14 100 12 2020 50 10 * Submitted to shareholders’ vote at the General Meeting of 25 May 2021. 8 0 Jan. Feb. March Apr. May June Jul. Aug. Sept. Oct. Nov. Dec. 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Axway share ownership Share ownership at 31 December 2020 Shareholders’ Agreement % % 56.60 ̮ 21,351,066 36,143,461 of shares of voting rights Shares outstanding Voting rights Pasquier Odin Sopra Steria Managment Sopra GMT Public Treasury shares Family Family Shares 32.38% 0.14% 1.39% 1.60% 21.09% 43.23% 0.17% Voting rights 38.25% 0.14% 1.46% 1.57% 24.92% 33.66% 2021 Financial Calendar 24 February 18 March 21 April 25 May 27 July 2 September 2FWREHU Publication Publication of the 2020 Universal Publication General Shareholders’ Publication Publication of Publication of FY 2020 Results Registration Document of Q1 2021 Meeting of H1 2021 the 2021 interim of Q3 2021 Revenue Results ƒPCPEKCNTGRQTV Revenue Further information can be found in Chapters 7, 8 and 9 of the 2020 Universal Registration Document. AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 7 $[ZD\SURͤOH GOVERNANCE Axway’s governance is founded on the sharing of powers between Axway set up a provisional committee to manage operations the Board of Directors and the Executive Committee, in accordance and ensure the protection with the recommendations of the Middlenext Code, of employees and business which the Company has adopted. continuity at Axway during the COVID-19 crisis. Board of Directors Pierre Pasquier Kathleen Clark Pierre-Yves Chairman of the Bracco Commanay Deliberations Board of Directors Director Director Vice Chairwoman of the Board of Directors in 2020 Hervé Dechelette Nicole-Claude Emma Fernandez Independent Duplessix Independent Director Director Director ● Corporate strategy and vision, particularly with regard to the transformation of the business and strategic decisions; ● 2020 budget and strategic Michael Gollner Helen Louise Pascal Imbert orientations; Independent Director Heslop Independent Director Independent ● Closing of annual and half-year Director ƒPCPEKCNUVCVGOGPVU ● Quarterly results and related ƒPCPEKCNCPPQWPEGOGPVU ● Deliberation on professional Véronique Yann Marie-Hélène and employee equality; GHbODb%DFKHOHULH 0HW]b3DVTXLHU Rigal-Drogerys Independent Director Independent ● Director Director Composition of the Committees; ● Duties of the Board of Directors, and internal regulations; Hervé Yves de Talhouët ● 6DLQWb6DXYHXU Independent Director 3WCNKƒECVKQPQHFKTGEVQTU Independent Director as independent; ● %QORCP[QHƒEGTEQORGPUCVKQP with regard to 2020 legal and regulatory updates. Member of the Audit Member of the Appointments, Member of the Committee (WKLFVbDQG*RYHUQDQFH &RPSHQVDWLRQ&RPPLWWHH Committee 14 4 9 6 6 100% members nationalities Independent women Board of Attendance Directors (43%) Directors’ rate (64%) meetings KPǾ Further information can be found in Chapter 4 of the 2020 Universal Registration Document. 8 AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT axway.com Among the duties performed in 2020: Audit Committee ● TGXKGYQHCPPWCNCPFJCNH[GCTƒPCPEKCN ● review of the cash position; % statements; ● self-assessment of the Audit Committee; ● 6 6 97 monitoring of internal audit procedures and ● review of insurance policies. members meetings attendance statutory auditors’ work; ● in 2020 rate review of the draft Universal Registration Document, particularly risk factors and the corporate governance report; Appointments, Among the duties performed in 2020: Ethics and ● assessment of the Board of Directors; ● issue of an opinion on the annual ● application of good governance rules Non-Financial Performance Statement Governance in the Company and its subsidiaries; (the NFPS is available in Chapter 3 of VJKUǾFQEWOGPV ● CUUGUUOGPVQHVJGSWCNKƒECVKQPQH$QCTF ● Committee of Directors’ members as independent review of documents prepared pursuant to for Board deliberations; regulations and the Articles of Association; % ● 6 5 97 ● preparation of the agenda implementation of a whistle-blowing internal of the General Meeting; procedure; members meetings attendance ● ● preparation of Board deliberations everyday and regulated agreement procedure. in 2020 rate QPǾRTQHGUUKQPCNCPFGORNQ[GGGSWCNKV[ Compensation Among the duties performed in 2020: ● FTCHVKPIQHVJGEQORCP[QHƒEGTEQORGPUCVKQP ● preparation of the free share grant policy Committee policy; CPFXGTKƒECVKQPQHVJGTQNNQWVQH ● RTQRQUCNQHƒZGFCPFXCTKCDNGEQORGPUCVKQP VJGǾTGNCVGFǾRNCPU % ● 6 5 97 CPFDGPGƒVUITCPVGFVQEQORCP[QHƒEGTU review of the draft Universal Registration ● XGTKƒECVKQPQHCRRNKECVKQPQHXCTKCDNG Document, particularly regarding equity members meetings attendance compensation calculation rules; issues. in 2020 rate ● XGTKƒECVKQPQHVJGSWCNKV[QHKPHQTOCVKQP submitted to shareholders on compensation, DGPGƒVUQRVKQPUITCPVGFVQEQORCP[QHƒEGTU Chief Executive Customer Sucess 1HƒEGT People & Culture Patrick Roland Donovan Royer Finance Dominique Cécile Fougerat Allmacher Product Executive Management Rahim Committee Bhatia Technology & Innovation Vince Padua Strategy & Corporate Development R&D Marc Scott Go-to-Market Hausman Fairbrother Paul French AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 9 $[ZD\SURͤOH CORPORATE RESPONSIBILITY NON-FINANCIAL PERFORMANCE STATEMENT NFPS Axway rolls out its Corporate In 2020, Axway was able to increase the Responsibility policy materiality of its commitments by prioritising through three commitments: social and employer indicators, formally documenting social indicators and broadening (PSOR\HUb6RFLHWDO environmental indicators. DQGb(QYLURQPHQWDO. Employer commitment: attract, develop, mobilise and retain talent Research Axway teams & Development At 31/12/2020 % 26 % 45 of employees 1,888 France employees % % vs. 1,885 in 2019 4 45 Customer Success $VLD3DFLͤF Europe Organisation % excl.France % 29 41 % 42 women average age 26 of employees including vs. 28.8% in 2019 stable vs. 2019 Americas sales staff Attract Develop 24,176 93% At 31/12/2020 training hours in digital format vs. 30,900 in 2019 vs. 58% in 2019 50% Europe excl. France 27% Americas 18% France Mobilise $VLD3DFLͤF 5 Annual in-house employee engagement survey 2020 2019 2018 247 % % % New Internal survey participation rate 86 83 72 employees % % % vs. 308 in 2019 Level of employee engagement 69 58 49 Survey on employee expectations with regard to working from home: conducted at the end of 2020, results shared 36 28% KPǾGCTN[ average women age of new hires vs. 29% in 2019 stable vs. 2019 Diversify Move Reward Age, Permanent state of health, 371 Additional contracts Equal men/women, internal transfers: paid leave % opportunity promotion 96 origin or new business line 10 AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT axway.com Each year, Axway renews its commitment to the United Nations Global Compact %XVLQHVV HWKLFV Societal commitment: 6XVWDLQDEOH SXUFKDVLQJ establish our digital responsibility Digital with our stakeholders VHFXULW\ CUSTOMERS EMPLOYEES • accompany digital transformation • develop talent in complete security Retain SHAREHOLDERS PARTNERS 6KDULQJRIVWUDWHJ\ • communicate according ZLWKDOOHPSOR\HHV • innovate in responsible to best transparency E\([HFXWLYH0DQDJHPHQW values and equal treatment practices 7 \HDUV $YHUDJHVHQLRULW\VWDEOH RYHUWKHODVWWKUHH\HDUV SUPPLIERS CIVIL SOCIETY • strengthen the sustainable • support skills for the most purchasing system vulnerable by deploying our $GDSWDWLRQRIZRUNLQJPHWKRGVDQG ethical programmes and DFFHOHUDWLRQRIGLJLWDOSUDFWLFHV GXULQJWKH&29,' SHULRG tools Balance :RUṊ̭OLIH Environmental commitment: by working from home. reduce our direct and indirect impacts In 2020, Axway continued analysing COVID-19 context in 2020 the direct impact of its activities Due to Axway’s international culture and on the environment and started the remote working solutions developed analysing its indirect impacts, by the Company, the rapid transition QHǾCNNGORNQ[GGUVQYQTMKPIHTQOJQOG particularly in software development. was easily carried out and teams remained fully operational. Employees YGTGCDNGVQTGVWTPVQǾVJGǾQHƒEGQP CǾXQNWPVCT[DCUKU Reduce our direct Consider our indirect impact: impact: • monitoring of energy resource • hosting resources and raw material consumption • data consumption • internal and external • software design awareness-raising CPFǾFGXGNQROGPV • analysis of resources committed with suppliers Further information can be found in Chapter 3 of the 2020 Universal Registration Document. AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 11 $[ZD\SURͤOH BUSINESS MODEL NFPS INFRASTRUCTURE SOFTWARE MARKET TRENDS CONVERGENCE OF HISTORICAL SYSTEMS RAMP-UP OF CLOUD CONSTANT INNOVATION AND NEW DIGITAL NEEDS AND SAAS MODELS Our Strengths Our Offer TALENT — 1,888 Employees — Our businesses: R&D, Customer Success Organisation OF and Support structures FE R — International diversity IN G S API INNOVATION APPLICATION API — €60.4 million in R&D in 2020 INTEGRATION MANAGEMENT — VGEJPQNQI[RCVGPVUƒNGF SOLUTIONS MOBILE CONTENT INTEGRATION COLLABORATIONN — Digital transformation for 11,000 customers AS — Reputed technological expertise N O — S Robust and diverse product R MANAGED FILE E B2B/EDI portfolio: API / IPaaS / MFT / P TTRANSFER B2B / EDI / mobile, etc. — Amplify hybrid integration platform DIGITAL LINE OFO CLOUD CONTAINERS INTEGRATIONS BUSINENESS STRUCTURE — Revenue: €297.2 milliolion (79% recurring) — 1RGTCVKPIRTQƒVOOCTIKP ON-PREMISES HYBRID 10.4% INTEGRATION SPECIALIST — Locations inn 17 countries — Distributionon in over 100 countries S E — Balanceded governance shared R TU by a Booard of Directors LEGACY IOT THINGS C ITE and an Executive Committee SYSTEMS ARCH — Indeependent project supported D[Ǿ[ǾCǾHCOKN[UJCTGJQNFKPI UVUVTWEVWTGCPFǾJKUVQTKECNRTQZKOKV[ YYKVJǾ5QRTCǾ5VGTKC)TQWR CLOUD MOBILE SERVICES — Financial capacity underpinning organic and external growth PEOPLE E N COMMITMENTS D - — Social, Societal and Environmental PO IN commitments TS — Business ethics — Digital responsibility 12 AXWAY70+8'45#.4')+564#6+10&1%7/'06 axway.com Our Business: modernise our customers’ IT infrastructures by securely moving, integrating or exposing their data to contribute to their business performance in a digital model. SECURITY THREATS AND GREATER TALENT WAR SECTOR CONSOLIDATION REGULATORY PRESSURE Our Strategy Our Value Creation Attract / Develop / Mobilise / Retain — 247 recruitments in 2020 — 0GYRTQƒNGU — 24,176 training hours — 93% of training in digital format — In-house social network Propose the best — In-house satisfaction survey technologies — Frequent dialogue with employees and experiences EMPLOYEES — Employee share ownership programme WRbRXUbFXVWRPHUV — )GPGTCNKUCVKQPQHJQOGQHƒEG Transform businesses — Facilitate digital transformation — #EEGNGTCVGQRGTCVKPIDGPGƒVUE — Guaraarantee data security — Focus on Customer success 5HͤQHRXUFXVWRPHU — Flexible on-pn-premise and/or cloud offering LicenseLi or Sububscription centric strategy by CUSTOMERS — CSRC and Ethics LabelsL continuously aligning the value created by our offerings with Best practice reporting their needs — Listing on Euronext Pariss — MiddleNextMid Governance Codode — Gaiaaia rarating — Meetingse inggs with investors and shahareholders — With our Stakeholders Shareholderare old website and digital supportsu SHAREHOLDERS Co-innovate — Establish our position 100 localloc or global commercial,mmerc technolology, consultingonsulting aanddi integratorgrator ppartners as market leader and — Ethics Charter our growth momentum — Whistle-blowing systems in the long-term — Sustainable purcurchasing SUPPLIERS PARTNERS & PARTNERS Contribute — Global Compactct annual commitment — Recycling & donationsnations — Education and supportpport programmes forf womenmee CIVIL and young girls SOCIETY — Direct and indirect environmental commitment:m n climate change and life on land AXWAY - 2020 UNIVERSAL REGISTRATION DOCUMENT 13 43 5 1*%2!./ ( .!#%/0. 0%+* + 1)!*0 -DC-E/;9 The world is opening. Cross-pollenating new ideas, creating new possibilities across geographies, industries, and customers and partners. With every investment, old and new, opportunities for growth are blossoming. So what are you waiting for? Axway will help turn what you already have into brilliant digital customer experiences. It’s time to Open Are you open? Everything Open new rev without openi new branches The beauty of open banking isi that your data cross-pollinatess to an entire ecosystem of relateedd services, bringing your customeerss an experience that gives them greater control wherever and whenever they are. Same branch. Countless blooms. Are you open? 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