DECLARATION BY THE PERSON RESPONSIBLE FOR THE INTERIM FINANCIAL REPORT STATUTORY AUDITORS’ REPORT ON THE INTERIM FINANCIAL STATEMENTS MANAGEMENT REPORT HALF-YEAR FINANCIAL STATEMENTS CONDENSED INTERIM CONSOLIDATED 2 Notes to the consolidated income statement 21 AXWAY - 2021 INTERIM FINANCIAL REPORT Notes to the consolidated income statement Segment reporting Note 3 Axway is classified as a single sector group as it is not possible to determine profit on operating activities by activity sector based on either a regional or business analysis. The chief operating decision maker regularly reviews revenue by business line and region, as well as consolidated profit on operating activities. Revenue by business line 3.1 (in thousands of euros) H1 2021 H1 2020 License 9,282 6.7% 10,503 7.7% Subscription 51,794 37.4% 37,235 27.3% Maintenance 59,996 43.3% 70,695 51.8% Services 17,339 12.5% 18,155 13.3% Total revenue 138,411 100.0% 136,589 100.0% Axway’s recurring revenue, which includes Subscription and Maintenance activities, represented 81% of revenue in the first half of 2021, i.e. €111.8 million. It includes initial upfront revenue of €22.4 million, compared to €11.8 million in the first half of 2020. The Group’s main clients do not account for more than 10% of revenue individually. Axway’s dependency on its main clients is low. Revenue by region 3.2 (in thousands of euros) H1 2021 H1 2020 France 39,361 28.4% 40,877 29.9% Rest of Europe 33,947 24.5% 29,570 21.6% United States 55,419 40.0% 57,653 42.2% Other Americas 1,674 1.2% 1,623 1.2% Asia-Pacific 8,009 5.8% 6,865 5.0% Total revenue 138,411 100.0% 136,589 100.0% Change in presentation: from fiscal year 2021, the Group communicates the amount of revenue allocated to France, where its registered office is located, and to the United States, a material country, reporting revenue of over 10% of Group revenue. Presentation of revenue by region: not restated; format used in the Interim financial report until 2020. (in thousands of euros) H1 2021 H1 2020 Europe 73,309 53.0% 70,447 51.6% Americas 57,093 41.2% 59,276 43.4% Asia-Pacific 8,009 5.8% 6,865 5.0% Total revenue 138,411 100.0% 136,589 100.0%
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