Inactive Instrument

Intertrust N.V.

INTER

NL0010937058

Publication of Intertrust’s new segment disclosure

March 17, 2022 at 02:14 am EDT

Amsterdam, the Netherlands – 17 March 2022 – Intertrust N.V. (“Intertrust” or “Company”) [Euronext: INTER], a global leader in providing tech-enabled fund and corporate solutions, today published new segment disclosure to better reflect the way the Company is now organised and managed, following changes in leadership in Western Europe and Americas, which took place in 2021.

As per Q1 2022, Intertrust will report on five segments:

The Netherlands
Luxembourg
Cayman Islands
US Fund Services
Rest of the World

As per Q1 2022, the following jurisdictions will be reported as part of Rest of the World:

Western Europe: Belgium, France, Germany, Italy and Switzerland
Americas: Bahamas, Brazil, British Virgin Islands, Canada, Curaçao and United States of America

The following tables provide the comparable figures for the four quarters and full year 2021:

	Revenue per segment (EUR million)					Underlying % change¹
	Q1 2021	Q2 2021	Q3 2021	Q4 2021	FY 2021	FY 2021
The Netherlands	26.8	26.6	24.7	23.9	102.0	-8.6%
Luxembourg	25.9	27.1	25.9	26.9	105.9	-2.8%
Cayman Islands	15.3	14.2	13.7	15.2	58.4	-3.7%
US Fund Services	13.4	13.7	13.9	15.0	56.0	11.7%
Rest of the World	58.8	61.8	62.1	66.4	249.0	7.7%
Total Group revenue	140.3	143.4	140.3	147.3	571.3	1.5%

¹ Underlying: Current and prior period at constant currency and, if applicable, including pro-forma figures for acquisitions

	Adjusted EBITA per segment (EUR million)²					Adjusted EBITA margin
	Q1 2021	Q2 2021	Q3 2021	Q4 2021	FY 2021	FY 2021
The Netherlands	14.4	12.5	10.6	9.8	47.3	46.3%
Luxembourg	12.0	11.6	11.2	13.8	48.7	46.0%
Cayman Islands	9.0	3.9	5.4	7.2	25.5	43.8%
US Fund Services	7.1	7.6	7.0	8.5	30.1	53.8%
Rest of the World	22.1	24.5	25.7	28.2	100.6	40.4%
HQ & IT	(19.4)	(20.2)	(20.4)	(22.4)	(82.4)	-14.4%³
Total Group adj. EBITA	45.3	39.9	39.6	45.1	169.8	29.7%

²  Please refer to ‘Reconciliation of performance measures to reported results’ of Intertrust’s quarterly results press releases for further information
    on adjusted figures
³  As percentage of Group revenue

Attachment

220317 PR - Publication of Intertrust’s new segment disclosure

Latest news about Intertrust N.V.

Intertrust N.V.(ENXTAM:INTER) dropped from Euronext 150 Index	22-12-26	CI
Moody's Pulls Intertrust Ratings After Debt Repayment	22-11-15	MT
CSC Global to Proceed With Intertrust Squeeze-out, Delisting	22-11-14	MT
Corporation Service Company, Inc. completed the acquisition of Intertrust N.V. (ENXTAM : INTER).	22-11-13	CI
Intertrust N.V.(ENXTAM:INTER) dropped from S&P Global BMI Index	22-11-09	CI
CSC's $2 Billion Intertrust Takeover Becomes Unconditional	22-10-31	MT
CSC Global Secures All Regulatory Approvals For $2 Billion Intertrust Takeover	22-10-17	MT
Intertrust's $2 Billion Takeover By CSC Gets Cayman Island's Nod	22-10-13	MT
CSC Global Wins Bahamas Central Bank's Approval for $1.8 Billion Intertrust Deal	22-10-07	MT
CSC Global Secures Luxembourg's Approval For $1.8 Billion Intertrust Takeover	22-10-07	MT
CSC Global Gets Dutch Regulatory Nod For $1.8 Billion Intertrust Deal	22-10-03	MT
CSC Global Wins Irish Regulatory Nod for $2 Billion Intertrust Takeover	22-09-15	MT
Moody's Cuts Intertrust's Ratings Amid CSC Takeover, Revises Outlook To Stable	22-09-09	MT
CSC Secures Regulatory Clearance for Intertrust's Dutch Depositary in $2 Billion Takeover	22-09-08	MT
Intertrust Suitor CSC Global Gets Partial Dutch Clearance For $2 Billion Takeover	22-08-30	MT
CSC Global Wins Initial Luxembourg Regulatory Clearance For $2 Billion Intertrust Deal	22-08-29	MT
CSC Global Obtains Singaporean Nod for $2 Billion Intertrust Purchase	22-08-22	MT
CSC Global Wins Regulatory Nod In British Virgin Islands For Intertrust Purchase	22-07-31	MT
Intertrust N.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-28	CI
Transcript : Intertrust N.V., Q2 2022 Earnings Call, Jul 28, 2022	22-07-28
Intertrust N.V. Provides Revenue Guidance for the Year 2022	22-07-28	CI
US-based CSC Global Wins Regulatory Nod For $2 Billion Purchase Of Netherlands' Intertrust In Curaçao	22-07-25	MT
Intertrust N.V.’s Equity Buyback announced on September 27, 2021 has expired.	22-05-30	CI
CSC Extends $2 Billion Intertrust Offer to Obtain Regulatory Clearances	22-05-30	MT
Intertrust N.V. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-29	CI

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Company Profile

Intertrust N.V. is a global leader in providing expert administrative services to clients operating and investing in the international business environment. The company has more than 4,000 employees in a network of over 45 offices and in more than 30 jurisdictions across Europe, the Americas, Asia-Pacific and the Middle East. Intertrust N.V. has leading market positions in selected key financial markets, including the Netherlands, Luxembourg, Jersey and the Americas. Intertrust N.V. delivers high-quality, tailored corporate, fund, capital market and private wealth services to its clients, with a view to building long-term relationships. The Company works with global law firms and accountancy firms, multinational corporations, financial institutions, fund managers, high net worth individuals and family offices.

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