TXT e S p A : Interim report as of September 30, 2021

TXT e-solutions Group

INTERIM REPORT

AS AT 30 SEPTEMBER 2021

TXT e-solutions S.p.A.

Registered office, management, and administration: Via Milano, No. 150 - 20093 Cologno Monzese (MI)

Share capital:

€ 6,503,125 fully paid-in

Tax code and Milan Business Register number:

09768170152

Corporate Units

BOARD OF DIRECTORS:

In office until approval of the financial statements as at 31 December 2022:

ENRICO MAGNI

MATTEO MAGNI

Chief Executive Officer

1. Member of the Remuneration and Appointments Committee.
2. Member of the Risks and Internal Controls Committee.
3. Member of Related Parties Committee.
4. Appointed by the Shareholders' Meeting on 13 September 2021.

BOARD OF STATUTORY AUDITORS:

In office until approval of the financial statements as at 31 December 2022:

MARIO BASILICO		FRANCO VERGANI
MASSIMILIANO	FABIO MARIA	GIADA D'ONOFRIO

Independent auditors:

Crowe Bompani S.p.A.

Investors relations:

E-mail: [e-mail]

Tel: [phone]

Interim Report as at 30 September 2021	2

Leadership Team

in dif-

ferent sectors, Enrico

+20 years in TXT, with a strong experience in the international development of the business, from mid-2020 holds the position of Group CEO, with strategic responsibilities in defining and executing the TXT Group's international growth strategies.

the sustaina-

ble growth of the TXT Group.

Interim Report as at 30 September 2021	3

Contents
TXTe-solutionsS.p.A....................................................................................................................................	2
Leadership Team.........................................................................................................................................	3
Organisational structure and scope of consolidation....................................................................	5
TXT e-solutionsGroup - Key data..........................................................................................................	7
Directors' Report on Operations for the first 9 months of 2021......................................................	9
Consolidated Balance Sheet .................................................................................................................	26
Consolidated Income Statement.........................................................................................................	27
Consolidated Statement of Comprehensive Income ...................................................................	27
Company segment information ..........................................................................................................	28
Consolidated Statement of Cash Flows ............................................................................................	29
Statement of changes in Equity as at 30 September 2021 ..........................................................	30
1.	Group's structure and scope of consolidation ........................................................................	31
2.	Acquisitions .........................................................................................................................................	32
2.1 TeraTron GmbH.....................................................................................................................................	32
3. Basis of preparation of the consolidated financial statements ........................................	32
4.	Accounting standards and interpretations applied from 1 January 2021.......................	33
5.	Financial risk management ...........................................................................................................	33
6.	Transactions with related parties.................................................................................................	34

7. Certification of the Interim report pursuant to Article 154-bis of Italian Legislative

Decree No. 58/98.......................................................................................................................................

36

Interim Report as at 30 September 2021	4

Organisational structure and scope of consolidation

TXT e-solutions S.p.A.

100%

100% PACE GmbH  (Germany)

100%0%

 TXTe-solutionsSagl(Switzerland)

  

100%





TXT Next Ltd. (UK)

  

 



100%

(France) 



TXTNext Sarl



 

100%

Cheleo S.r.l.









(Italy)

100%

 (Italy)



Assioma.Net Srl





 



 

60%TXTWorkingCapital So- 

lutions Srl (Italy)

 



100%Mac SolutionsS.A. (Switzerland)

 

100%		(Italy)
	HSPI S.p.A.
		
		
100%	AssioPay S.r.l.
 (Italy)	
	
			
	TXT Risk Solutions Srl
 
92%		(Italy)


51%		ReVersal S.p.A
	(Italy)

100%



PACEAmerica Inc. (USA)  

100%	Teratron S.p.A
(Germany)

Interim Report as at 30 September 2021	5