DECLARATION BY THE PERSON RESPONSIBLE FOR THE INTERIM FINANCIAL REPORT STATUTORY AUDITORS’ REPORT ON THE INTERIM FINANCIAL STATEMENTS FINANCIAL STATEMENTS CONDENSED INTERIM CONSOLIDATED MANAGEMENT REPORT HALF-YEAR Key events in the first half of 2021 6 AXWAY - 2021 INTERIM FINANCIAL REPORT www.axway.com Key events in the first half of 2021 The key events in the first half of 2021 were as follows: solid H1 revenue growth to €138.4 million, up 5.2% ● organically year-on-year; half-year profit on operating activities of €10.5 million, or ● 7.6% of revenue, compared to €2.5 million (1.9%) in H1 2020; signature metric up 28.7% over the half-year; ● Q2 organic growth of 3.2%, with continued acceleration in ● Subscription (+34.6%). Axway Software: solid revenue growth in H1 2021 In line with the start of the year, Axway achieved excellent our growth through a more aggressive market share expansion sales performance in the second quarter of 2021. Throughout strategy. This vision has led to many changes within our the first half of 2021, the Subscription business drove Axway’s teams, the first effects of which are already visible. Over the growth and this trend, supported by customers’ increasing last 6 months, new customer signatures have increased, and willingness to adopt flexible contractual models, should we further improved our Net Promoter Score. Our operational continue going forward. As recently presented at our Capital performance is satisfactory, with a fourfold increase in Profit Markets Meeting, our strategy is now based on two from operating activities compared to the first half of 2020. fundamental pillars. On the one hand, our core market leading These good results allow us to secure our annual targets products, where satisfying our existing customers is our top although we expect the second half of the year to remain priority and we aim to maintain our leadership. On the other uncertain, split between the hope of a real return to normal and hand, our Amplify offering, based on our recognised API the risk of new disruptions worldwide. Management solution, which should enable us to accelerate First observations on the gradual deployment of the new strategic plan Axway’s business accelerated significantly in the first half of the year. The gradual deployment of the new strategic plan involved focused internal reorganisations with recruitment and the creation of new teams, while efforts to build the business pipeline continued. Several important developments were observed during the period: did not prevent the Company from interacting effectively with the various market stakeholders. In H1 2021, the Amplify pipeline grew by around 12% year-on-year; Marketing investment created numerous business ● opportunities, both with existing customers and prospects. The use of digital events for the second consecutive year Axway’s strategy of winning new API customers and ● market share is bearing fruit. Amplify new customer signings rose 50% in the first half of the year; Axway customer satisfaction continues to increase. The ● Company improved its Net Promoter Score once again, attaining 31 at 30 June 2021, compared to 25 at 31 December 2020, its previous high.
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