Cerved S p A : Interim Report on Operations at September 30, 2020

Cerved Group S.p.A.

Interim Report on Operations at

September 30, 2020

CERVED GROUP S.P.A.

Index
COMPANY DATA.........................................................................................................................................	3
COMPOSITION OF CORPORATE BODIES................................................................................................	4
STRUCTURE OF THE GROUP....................................................................................................................	5
INTERIM REPORT ON OPERATIONS ........................................................................................................	6
1. FOREWORD .............................................................................................................................................	7
2. ORGANISATIONAL PROFILE OF THE GROUP ....................................................................................	7
3. GROUP RESULTS AT SEPTEMBER 30, 2020.....................................................................................	10
4. STATEMENT OF FINANCIAL POSITION OF THE CERVED GROUP.................................................	15
5. NET FINANCIAL DEBT OF THE CERVED GROUP .............................................................................	17
6. INFORMATION ON THE COVID-19 PHENOMENON ...........................................................................	18
7. GOODWILL.............................................................................................................................................	20
8. SIGNIFICANT EVENTS OF THE PERIOD.............................................................................................	21
9. SIGNIFICANT EVENTS OCCURRING AFTER THE END OF THE PERIOD .......................................	23
10. BUSINESS OUTLOOK.........................................................................................................................	23
11. TREASURY SHARES ..........................................................................................................................	23
12. PERFORMANCE SHARE PLAN .........................................................................................................	24
13. CRITERIA FOR THE PREPARATION OF THE INTERIM REPORT ON OPERATIONS ...................	25
14. OVERVIEW OF THE ACCOUNTING STANDARDS ...........................................................................	26
15. SCOPE OF CONSOLIDATION AND CONSOLIDATION CRITERIA..................................................	27
16. INFORMATION ABOUT THE "OPT OUT" ALTERNATIVE................................................................	28
17. INFORMATION ABOUT CORPORATE GOVERNANCE ....................................................................	28
FINANCIAL STATEMENTS .......................................................................................................................	29
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ..........................................................	30
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ...................................................................	31
CONSOLIDATED STATEMENT OF CASH FLOWS .................................................................................	32
STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY....................................	33
CERTIFICATION PURSUANT TO ARTICLE 154 BIS, SECTION 2, OF THE TUF ..................................	34

2

CERVED GROUP S.P.A.

COMPANY DATA

Parent Company's Registered Office

Cerved Group S.p.A.

Via Dell'Unione Europea 6A, 6B

San Donato Milanese (MI)

Parent Company's Statutory Data

Subscribed and paid-in share capital of 50,521,142.00 euros

Milan Company Register No. 08587760961

Milan R.E.A. No. 2035639

Tax I.D. and VAT No. 08587760961

Corporate website: company.cerved.com

3

CERVED GROUP S.P.A.

COMPOSITION OF CORPORATE BODIES

Board of Directors1	Gianandrea De Bernardis	Executive Chairperson
	Andrea Mignanelli	CEO
	Andrea Casalini	Independent Director
	Mara Anna Rita Caverni	Independent Director
	Fabio Cerchiai	Independent Director
	Sabrina Delle Curti	Director
	Valentina Montanari	Independent Director
	Umberto Carlo Maria Nicodano	Director
	Mario Francesco Pitto	Independent Director
	Aurelio Regina	Independent Director
	Alessandra Stabilini	Independent Director
Control, Risk and Sustainability Committee	Alessandra Stabilini	Chairperson
	Mara Anna Rita Caverni
	Valentina Montanari
Compensation Committee	Aurelio Regina	Chairperson
	Umberto Carlo Maria Nicodano
	Fabio Cerchiai
	Valentina Montanari
Related Party Committee	Andrea Casalini	Chairperson
	Umberto Carlo Maria Nicodano
	Marco Francesco Pitto
	Alessandra Stabilini
Board of Statutory Auditors2	Antonella Bientinesi	Chairperson
	Gilberto Comi	Standing Auditor
	Costanza Bonelli	Standing Auditor
	Paolo Baruffi	Alternate Auditor
	Antonio Mele	Alternate Auditor
Independent Auditors	PricewaterhouseCoopers S.p.A.
Corporate Accounting	Francesca Perulli
Documents Officer3

• Elected by the Shareholders' Meeting on April 16, 2019 for a term of office ending with the approval of the statutory financial statements at December 31, 2021.
  2 Elected by the Shareholders' Meeting on May 20, 2020 for a term of office ending with the approval of the statutory financial statements at December 31, 2022. 3 Elected by the Board of Directors on April 19, 2019.

4