Slide 1: August 2026 Investor Presentation
August INVESTOR 2026 PRESENTATION Corpay A Corporate Payments & Expense Management Company Graph represents year-over-year revenues, net, to scale
Slide 2: Safe Harbor Provision
SAFE HARBOR PROVISION This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about Corpay’s beliefs, assumptions, expectations and future performance, are forward-looking statements. Forw
Slide 3: Mid-Market Businesses Are Underserved by Traditional Banking Solutions
Market Problem MID-MARKET BUSINESSES ARE UNDERSERVED BY TRADITIONAL BANKING SOLUTIONS As mid-market businesses grow, their needs outpace the capabilities available from traditional financial institutions. Mid-Market Businesses Have Three Primary Payment Needs 1 2 3 Spend Management Cross-Border Vehi
Slide 4: Corpay Provides Payment & Expense Management Solutions to the Mid-Market
Corpay Solutions CORPAY PROVIDES 3 PAYMENT & EXPENSE MANAGEMENT SOLUTIONS TO THE MID-MARKET Corpay helps finance teams control, automate, and reduce spend across every expense category. Corpay Serves Mid-Market Payment Needs With 3 Solutions 1 2 3 Spend Management Cross-Border Vehicle Solutions Cont
Slide 5: Corpay's Three Solutions Address a $600B Global Revenue Opportunity
Market Opportunity CORPAY’S THREE SOLUTIONS ADDRESS A $600B GLOBAL REVENUE OPPORTUNITY Across all three solutions, Corpay competes in large markets where traditional bank providers continue to rely on third- party legacy processors and generic consumer-centric networks. 1 2 3 Spend Management Cross-
Slide 6: Corpay Brings "More" Walk-Around and Invoice Spend Under Control
Spend Management CORPAY BRINGS “MORE” WALK-AROUND AND INVOICE SPEND UNDER CONTROL Businesses typically have highly manual back-office workflows, manually send checks/ACHs, and employ multiple card solutions. Corpay consolidates all card & AP spend into one automated spend management solution. Corpay
Slide 7: Corpay Brings Tier 1 Global Payment Capabilities to the Mid-Market
Cross-Border CORPAY BRINGS TIER 1 GLOBAL PAYMENT CAPABILITIES TO THE MID-MARKET Businesses often manage international payments, FX conversions, and foreign bank account establishment through correspondent banks. Corpay brings a global footprint to mid-market companies. Corpay Advantages Traditional
Slide 8: Corpay Provides Specialized Purchasing Solutions for Mobile Workforces
Vehicle Solutions CORPAY PROVIDES SPECIALIZED PURCHASING SOLUTIONS FOR MOBILE WORKFORCES Traditional bank card solutions miss the nuances of mobile workforces. Corpay provides superior controls, reporting, and savings for these specialized needs. Corpay Advantages Traditional Vehicle Expense Proprie
Slide 9: Investment Thesis
Investment Thesis … What’s the growth algorithm? What’s the potential return? © 2026 Corpay. All rights reserved. 9
Slide 10: A Public Track Record of 17% Revenue and 19% Cash EPS Compounding
Financial Profile A PUBLIC TRACK RECORD OF 17% REVENUE AND 19% CASH EPS COMPOUNDING Revenue ($B) Adj. Cash EPS ($) ~17% CAGR ~19% CAGR $27.35 FY’10A-’26E $5.3B FY’10PF-’26E $4.5B $21.38 $4.0B $3.8B $19.01 $3.4B $16.92 $16.10 $2.4B $10.53 $1.2B $5.15 $0.4B $1.66 2010A 2014A 2018A 2022A 2023A 2024A 20
Slide 11: Consistent 10% Organic Revenue Growth
Organic Revenue Growth CONSISTENT 10% ORGANIC REVENUE GROWTH Corpay has a strong organic growth engine driven by high client retention and sales growth. Organic Revenue Growth Revenue Retention / Sales Growth 29% 30% 13% 24% 21% 20% 22% 12% 19% ~10% 10% 10% 10% 93.2% 93.5% 93.0% Target 92.3% 92.6% 9
Slide 12: Our Objective: Top-Quartile S&P Growth Compounder
Growth Algorithm OUR OBJECTIVE: TOP-QUARTILE S&P GROWTH COMPOUNDER Corpay’s growth algorithm can compound cash EPS >20% per year to ~$50 per share by 2029. Metric Growth Objective Performance Drivers 2026E 2029E CAGR Organic Revenue +10% $5.3B $7.1B +10% Cash Profit Before Tax +13% $2.4B $3.5B +13%
Slide 13: Disciplined Capital Allocation: Corporate Payments M&A and Buybacks
Capital Allocation DISCIPLINED CAPITAL ALLOCATION: CORPORATE PAYMENTS M&A AND BUYBACKS Corpay expects ~$15B of mid-term capacity available for buybacks and corporate payments M&A. Corpay Valuation Scale Lower CPAY ~$15B Higher CPAY Est. Capacity Multiple Through FY30 Multiple When CPAY Stock Is When
Slide 14: Corpay Is a Compelling B2B Payments and Spend Management Compounder
Conclusion CORPAY IS A COMPELLING B2B PAYMENTS AND SPEND MANAGEMENT COMPOUNDER Corpay is an attractive high-growth company built to outperform. Large, underpenetrated Three global solutions addressing a $600B combined revenue opportunity … all with low 1 opportunity penetration and long runways Envi
Slide 15: About Non-GAAP Financial Measures
APPENDIX About Non-GAAP Financial Measures This presentation includes certain measures described below that are non-GAAP financial measures. The Company refers to free cash flow, cash net income and adjusted net income attributable to Corpay interchangeably, a non-GAAP financial measure. Adjusted ne
Slide 16: Reconciliation of Net Income to Adjusted Net Income
FY’10PF-26E RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME ($ in millions, except per share amounts) Year Ended December 31,1 2010PF 2014 2018 2022 2023 2024 2025 2026E Net income attributable to Corpay $106 $369 $811 $954 $982 $1,004 $1,070 $1,305 Net income per diluted share $1.32 $4.24 $8.81
Slide 17: Reconciliation of Net Income to Pro-Forma Adjusted Net Income
FY’10PF RECONCILIATION OF NET INCOME TO PRO-FORMA ADJUSTED NET INCOME ($ in millions, except per share amounts) Year Ended 2010 Adjustments Pro Forma 20101 Income before income taxes $151 $1 $152 Provision for income taxes 43 2 46 Net income attributable to Corpay 108 (2) 106 Net income per diluted
Slide 18: Reconciliation of Organic Revenue to GAAP Revenue
FY’21A-26E RECONCILIATION OF ORGANIC REVENUE TO GAAP REVENUE ($ in millions, except per share amounts) 2021 2022 2023 2024 2025 2026E Macro Pro Macro Pro Macro Pro Macro Pro Macro Pro Macro Pro Organic Revenue Growth Adjusted1 Forma2 Adjusted1 Forma2 Adjusted1 Forma2 Adjusted1 Forma2 Adjusted1 Forma
Slide 19: The Corporate Payments Company
The Corporate Payments Company © 2026 Corpay. All rights reserved. 19