Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Investor Day (May 2026)
75 slides from Euronet Worldwide's investor day presentation, May 20, 2026
Slide 1: Investor Day 2026 - Welcome
INVESTOR DAY - 2026 Welcome _uronet. MAY 20, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Statements contained in this presentation that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking
Slide 3: Entrepreneurial spirit is at the center of Euronet culture
Entrepreneurial spirit is at the center of Euronet culture mM
Slide 4: Three questions we want to answer
ni Three questions we want to answer. What is Where does our Where does Euronet? growth come future growth from — and why come from and is it durable? what to expect?
Slide 5: Euronet's Mission
Euronet’s Mission Powering the global movement of money through an integrated infrastructure to deliver financial access, speed and inclusion
Slide 6: Move value from A to B
Move value from A to B. a Bank — ATM US — Mexico Bank Account — Wallet Aconsumer withdraws zloty from A Mexican migrant worker sending A consumer that wants to load value an ATM after the bank is closed money home from the US | in their account for the movies
Slide 7: One use case. One switch.
Mm One use case. One switch. The asset base that everything sits on. Bank/ Consumer
Slide 8: Same foundation. Same switch.
Same foundation. Same switch. Each new use creates more value. From 1994 = investor Day 2026 n
Slide 9: Each new need strengthens the foundation
Each new need strengthens the foundation and expands the network's value.
Slide 10: Same foundation. Same switch. Each new use case widens the moat
m1 Same foundation. Same switch. Each new use case widens the moat. OUR MOAT 32 Years Deep, 200+ Countries Wide Licenses Certifications Reconciliation Settlement Forecasting IT Security Compliance Local Presence Banking Relationships Banks Wallets Merchants Big-box Chains National Switches Card Sche
Slide 11: Euronet at a Glance
Euronet at a Glance 2025 Revenue Mix? Global Network with Significant Barriers to Entry® Cross-Border Payments 200+ 3.7B 4.1B 4.0B | 400+ Countries and Digital Wallet Bank Debit Cards Digital Territories Accounts Accounts Partners Payments Infrastructure Other 651K 56K 352K 1.3M 2.2B PoS Cash Pickup
Slide 12: The Euronet Advantage
The Euronet Advantage Simplifying global payments into a single moment with a focus on growth Provides comprehensive payment processing solutions, including issuing, POS acquiring, ATM services Provides digital content Provides fast, secure remittance distribution, gift card processing, and business
Slide 13: Established Leadership Team with Proven Execution
Established Leadership Team with Proven Execution Founder-led with long-tenured leadership ensuring strategic consistency and disciplined decision-making Deep institutional experience, with key leaders having spent 15-20+ years building and scaling the business Demonstrated track record of execution
Slide 14: Three businesses. One network. One playbook.
Three businesses. One network. One playbook. A switch, a regulatory Use case > Twenty years together. footprintandanetwork = Enhancement > $381M in 2004 to BAG SELLE leveraoe? $4.2B in 2025, 11% CAGR. Built one license = Getta cNrcetiion Run thirty-two years The freedom — and the experience — to ide
Slide 15: Technology
Technology Dr. Martin Briickner - Executive vp and CTO
Slide 16: The Engine
The Engine ~10% of transactions are digital products on digital channels
Slide 17: What the Engine Actually Does
Mm What the Engine Actually Does 20B+ transactions - $280B volume - 2.7x in four years Distribution Reach! 203 Bank & wallet accounts 12B a Merchant POS / eCommerce 1.3M 124 Retail locations (epay) 352K 10.4 Brand partners on epay 1,000+ i Cash pick-up agents (Dandelion) 651K ia ATMs 56K Regulatory
Slide 18: One Ecosystem, One Moat
One Ecosystem, One Moat CUSTOMER ACCESS LAYER APIs SDKs Partner Portals Webhooks requests in / responses out Switching Card Issuing Acquiring Merchant Management (authorization -clearing settlement) (debit - credit -closed/open loop -commercial) (POS -eCommerce -ATM - Vending) {onboarding - lifecycl
Slide 19: One Platform. Selling Globally.
Mm One Platform. Selling Globally. Asia - Where We Built Momentum North America - Just Opened ANCHOR REFERENCE suceee eeeee Bank of America Trust Bank Singapore J-min onboarding - 200K customers in first month - Head of Cards: “strategic partner, not vendor” gat sein feet eld are ADDITIONAL US WIN C
Slide 20: Same Customer. Multiple Products.
Same Customer. Multiple Products. When the same customer consumes from multiple segments, the platform earns its name. Cross-Border Issuing Acquiring epay Standard Chartered @ @ PostBank AT Austrian retail bank (v) Cv) OMV Central European fuel & retail dm European drugstore retail Carrefour Europea
Slide 21: We Use What We Sell.
— We Use What We Sell. 1. Run It Ourselves First 56K ATMs ‘on Ren 1.3M merchant terminals ‘on our own acquiring stack 200 corridors on Dandelion 1,000+ brand integrations ‘on epay's content & distribution platform Our own MSB compliance on Skylight Stablecoin settlement for Ria correspondent payment
Slide 22: Legacy versus modern bank systems
= = Tens of billio LEGACY What Banks Still Run On = Mainframe / HP NonStop = Restricted to on-premise deployment = COBOL / RPG = ISO 8583 - SOAP / XML = Manual configuration - change-ticket workflows = Scheduled downtime for patching and DR = Vertical scale only (bigger box) » COBOL & RPG talent ret
Slide 23: Acquisitions That Plug Into Ren
Mm Acquisitions That Plug Into Ren Authentication Credit Issuing Infinitium Closed 2024 3D Secure - Payment authentication - ~50 engineers in SE Asia CoreCard Closed 2025 Revolving credit - BNPL - Commercial cards - ~1,000 engineers Omnichannel Acquir' PaynoPain Signed April2026 PENDING CLOSE 50+ pa
Slide 24: Xe — and How We Build Now
m1 Xe — and How We Build Now The App The Workflow oD i s Handoffs lose fidelity - weeks per Ul change a Engineering capacity is the bottleneck. Designer's intent gets reinterpreted in code. o Ee Designs and ships directly - days per UI change Al does the heavy lifting: code generation, test creation
Slide 25: AI Across the Stack
= = Al Across the Stack Support, IT, Marketing, Product — the obvious first movers. Now going deep into the organization for significant efficiency gains. Inside Engineering Beyond Xe — across every product team Al-assisted coding across Ren, Dandelion, epay, ‘Skylight, acquiring stack Al code revie
Slide 26: What You're About to See
What You're About to See You've heard what runs the engine. You're about to hear what runs on it. Nikos & Himanshu Kevin Juan Watch for: Watch for: Watch for: Merchant Services Real-Money Gaming Digital Remittance - Ria Payment Processing Services Digital Payments - Xe Wholesale Network - Dandelion
Slide 27: Electronic Funds Transfer - Payments Infrastructure
Electronic Funds Transfer => Payments Infrastructure Nikos Fountas - Executive VP and CEO of Payments Infrastructure Americas & EMEA Himanshu Pujara - Senior VP and Managing Director, Payments Infrastructure Asia Pacific and Ren Payments
Slide 28: Business Overview
Business Overview Payments Infrastructure enables Core Business transactions across physical and digital Units ACCELERATORS channels globally Global ATM Payment Processing Services Merchant Networks (Coorecard Ren Services We operate 3 core business units: = Global ATM Networks (IAD) = Payment Proce
Slide 29: The Payments Infrastructure Advantage
fr The Payments Infrastructure Advantage Leading Technology Infrastructure Licenses and Regulatory Approvals Trusted by Leading Banks and Fintechs Sticky Relationships Consistent and Recurring Cash Generation Investor Day 2026 Modern unified payments stack spanning all payment types Positioned to ta
Slide 30: Payments Infrastructure Strategy & Synergies
fm Payments Infrastructure Strategy & Synergies Global ATM Networks (IAD) = Cashremains resilient as a payment option, representing over 50% of POS transactions in EU!, with higher usage in emerging markets = ATMnetworks remain the primary source of cash for consumers and are critical financial infr
Slide 31: Payments Infrastructure Revenue Drivers and Customer Segments
Mm Payments Infrastructure Revenue Drivers and Customer Segments Si Segment Global ATM Networks (IAD) Payment Processing Services Merchant Services Investor Day 2026 Revenue Model International Transactions Domestic Transactions = Interchange fee = Interchange fee = Direct access fee = Direct access
Slide 32: Merchant Services Accelerator
Accelerator Expanding our footprint in digital commerce Merchant Services Overview Right to Win Merchant Services delivers a full-stack, cross-border, Unified and scalable omnichannel tech platform omnichannel acquiring and payment acceptance via Ren platform Synergies with other Euronet group asset
Slide 33: Payment Processing Services Accelerator
Accelerator Payment Processing Services (Ceorecard ~$34 Total Addressable Market (TAM)! Redefining payment experiences globally Overview Payment processing delivers mission-critical services powering omnichannel payment transactions across the globe Powered by two core platforms: Ren - a modern paym
Slide 34: Powering Diverse and Innovative Payment Use Cases Globally
Powering Diverse and Innovative Payment Use Cases Globally MULTI-COUNTRY CARD ISSUING CARD PROGRAMS FOR BRANDS ATM DRIVING FORTIER 1 US BANK " Card issuing platform enabling = Card processor for A Cardless = Selected as ATM modernized, scalable, multi-geography leading card program driving and payme
Slide 35: The Platform Evolution
The Platform Evolution Each new capability layer expands our addressable market and supports continued ARR growth Core Capabilities Today Expanded Capabilities Issuing: Credit/Lending/BNPL Issuing: Prepaid/Debit Legacy Conversion using Al Tools Al Native Back Office Operati Payment Nee Multi - Asset
Slide 36: Key Takeaways
Key Takeaways
Slide 37: epay
epay Kevin J. Caponecchi ~ Executive VP and CEO of epay, Software and Payment Infrastructure Asia Pacific Division
Slide 38: Business Overview
1 — Business Overview epay uniquely leverages a global platform that combines digital content, payments, and prepaid distribution at scale — across retail and digital channels — ona single, compliant, enterprise-grade infrastructure. Who do we serve? Consumers, wallets, retailers, online marketplace
Slide 39: The epay Advantage
= = The epay Advantage One Global Spanning 60+ countries with no reliance Platform on 3rd party distributors or processors Unmatched Full suite of digital and physical products across prepaid content, payments, and Product Breadth yaiye-added services True Integrated across retail and digital Omnich
Slide 40: Global Partner Distribution Network
mM Global Partner Distribution Network S&S wmagon Ecommerce "iSe° yahoo! &Etail Grab Payment Select Brand a Gee aha Partners . uss TFLI amazon le NE X Goog Ee << Convenience | — ad REWE Mf & Supermarket ALDI GE BGK BD Playstation, 1,000+ additional brand partners eS AVUoank rnmmsnt Banking Apps Revo
Slide 41: Revenue Drivers and Customer Segments
Mm Revenue Drivers and Customer Segments Sub-Segment Revenue Model Branded Payments = Transaction margin on value-load cards & digital vouchers. Mobile Top-Up = Other distribution fees from brand partners. & value-load Cards = Tailored global solutions for brand and retail partners under a SaaS mode
Slide 42: Real-Money Gaming Accelerator
Accelerator Real-Money Gaming Cash makes up 90% of floor funding in brick & mortar casinos! The Game Stops. They Walk Away. This is the leak. Payment friction in gaming is high. Casinos still require players to leave the floor, stand in line, and come back — if they come back at all. That single mom
Slide 43: Two Brands. Four Products. A Complete Payment Ecosystem.
Accelerator Real-Money Gaming Frictionless funding + credi Built on Euronet’s Ren platform. Two Brands. Four Products. A Complete Payment Ecosystem. Koin addresses patron funding and resort spend. Marker Trax simplifies credit. Together they address significant payment needs across physical casino f
Slide 44: Player Card
Player Card €} Slot and table play only x] Single- property visibility © Limited loyalty picture € Noresort, online, or cross- property insight Longer play Frictionless funding and credit options removes interruptions. Every session runs longer. More visits A wallet that travels and seamles: drives
Slide 45: Why Euronet. Built to Win.
Accelerator Real-Money Gaming We move money all the ways the wor depends upon. Real Money Gaming is the next market that depends on it. Why Euronet. Built to Win. 01 The Moat Multi-Jurisdiction Licensed Gaming + banking licenses 3rd-Party Certifications Complex third-party dependencies all requiring
Slide 46: Key Takeaways
Key Takeaways epay Connects Brands to Consumers Through World Class Infrastructure More than 749K points of sale. Large portfolio of digital channel partnerships. Operating across 60+ countries. Offering 100+ alternative payment methods. epay is deeply integrated with brands, retailers, and online d
Slide 47: Money Transfer - Cross-Border Payments
Money Transfer => Cross-Border Payments Juan C. Bianchi - executive Vice President and CEO, Cross-Border Payments Segment
Slide 48: Business Overview
Business Overview A leading cross-border payments provider enabling real-time global movement of funds across cash, bank, wallet, card, and tokenized currency rails — supporting send, spend, receive, and hold use cases. WHO WE SERVE Consumers - Enterprises: Financial institutions — simple to complex
Slide 49: One platform. Global reach. Scale for the future.
m1 One platform. Global reach. Scale for the future. 0 ww Global real- Three brands, Al-driven time network every customer Compliance Cash and digital Ria, Xe, and Real-time, Al- payments on one Dandelion serve driven proprietary global interoperable consumers, compliance platform. SMBs, and Fls. pl
Slide 50: We Serve Diverse Customers
We Serve Diverse Customers ria xe) +s Migrant worker Digital migrant worker High-income migrant Corporate SMB & enterprise Banks & fintechs CHANNEL CHANNEL CHANNEL CHANNEL CHANNEL Physical Digital Digital Digital + Managed Digital wholesale ~$385 ~$350 ~$4,100 ~$18,800 Mixed ‘Avg transaction Avg tra
Slide 51: Key Achievements
a = Key Achievements Digital payments growth = Ria Digital live in 29 markets = New channels: WhatsApp + Mobile Wallets = Ql transactions +35% YoY - digital revenue +42% = Digital Payout: 44% of transactions -58% of Network expansion = Expanded send markets: Japan, Colombia, Panama = Fireblocks part
Slide 52: Our Revenue Drivers
Our Revenue Drivers The growth model: we monetize our core network. Transaction fees and FX margin are captured on each transfer. Distribution, channels, and TAM access are the multipliers. Core Cross-border payment network Product Network reach: 200 countries & territories | 4.1B bank accounts | 3.
Slide 53: Powering cross-border payments for remittance consumers
Powering cross-border payments for remittance consumers Accelerator Overview Key metrics Euronet's digital cross-border remittance ae ayments | Digital cross-border payments ey for remittance consumers Serves migrant workers who send remittances Quarterly unique senders 2025 cross-border flows world
Slide 54: Xe Accelerator
Accelerator xe) Digital cross-border payments for consumers and SMBs S15T Consumer & SMB Cross- Border TAM -76 of the ~$14 trillion market controlled by banks, leaving significant room for growth Overview Euronet's digital cross-border payments platform Serves consumers and SMBs sending high-value t
Slide 55: Dandelion Accelerator
Accelerator wk a S< dandelion. Real-time global payments infrastructure S40T B2B Cross-Border Wholesale TAM Overview World's largest real-time cross-border payment network Multi-rail access — supports consumer & business payments Direct connection, zero SWIFT intervention One API, 200 countries — 4.
Slide 56: Summary of Growth Opportunity
Mm Summary of Growth Opportunity Growth through retail customer acquisition and global wallet expansion Sub-Segment £2 Physical Remittance ca Digital Remittance ia] Digital Payments © wholesale Network investor Day 2026 Brand * dandelion. TAM ~$450B ~$450B ~$15T ~$40T Market Characteristic Cash-base
Slide 57: Key Takeaway: One Platform. Multiple Growth Engines.
Key Takeaway: One Platform. Multiple Growth Engines. How We Win = Uniquely positioned across the full market spectrum: physical, digital, institutional (~S40T TAM) Proprietary global network and technology platform that is difficult to replicate Profitable, cash-generative core business funding acce
Slide 58: Financial Drivers & Capital Allocation
Financial Drivers & Capital Allocation Rick Weller - executive vP and CFO
Slide 59: A History of Growth through Cycles
A History of Growth through Cycles Revenue (S$ in millions) 4 4 aa 4 4
Slide 60: Segment Mix and Contribution
Segment Mix and Contribution Growth led by Payments Infrastructure with margins supported by Cross-Border Payments 2025 Revenue Mix Segment Growth and Profitability 2025 Margin Growth (Adjusted EBITDA) Margin (Adjusted EBITDA) Revenue Growth(CC) Cross-Border Payments Segment Payments Infrastructure
Slide 61: Strong Record of Earnings Growth and Cash Flow Generation
Strong Record of Earnings Growth and Cash Flow Generation Provides fuel for revenue expansion HM] Piraeus 2021 Acquired Piraeus Bank’s(Greece), merchant acquiring business Vv Sikhona Acquired Sikhona Forex (Cross-Border Payments) in South Africa business $331 2022 »< dandelion. Launched Dandelion Wh
Slide 62: Consistency of Free Cash Flow Generation
m1 Consistency of Building on Euronet's storied tradition of delivering best in class solutions customers Free Cash Flow Generatio: foo! Real-Money iti foo) oma Our traditional cash businesses remain the financial bedrock of the company and drive substantial cash flow and profitability Digital Cross
Slide 63: Projected Payment Channel Revenue Growth
fi ® Retail Cash Paid ® Digital Accelerators Digital Accelerators include = Merchant Services = Payment Processing Services Dandelion Ria Digital Xe ™ Retail Card Paid IADs = Real-Money Gaming Solutions Projected Payment Channel Revenue Growth (CAGR) Digital Accelerators 29 7or cl chk Retail - Card
Slide 64: Robust Earnings Growth Levers
= = Robust Earnings Growth Levers Multiple levers to drive sustained earnings growth over time Digital Transformation Market Expansion Synergy Realization Operational Optimization > = Introduced Dandelion wholesale product to leverage leading global payments network = Acquired CoreCard - leading rev
Slide 65: Outlook
m1 Outlook 2028 3-Y -Year CAGR Revenue ~$4.5B 6-/% Adjusted EBITDA ~S800M 8-9% Adjusted Earnings 10-15% 10-15% per Share Growth
Slide 66: Capital Allocation Strategy
m1 Capital Allocation Strategy Investing for Future Growth Euronet consistently reinvests quarterly profits to fuel long-term growth while maintaining a disciplined approach to capital allocation. Investment priorities balance organic innovation, strategic M&A, and returning capital to shareholders.
Slide 67: Disciplined Capital Deployment Track Record
m1 Disciplined Capital Deployment Track Record ~$1.5B 21% 2022-25 adj. Share count free cash flow reduction since 2022 Maintained Investment grade credit rating investor D Capital Deployed 2022-25 CapEx Share Repurchases
Slide 68: Key Takeaways
Key Takeaways Euronet has a proven history of producing results through product maturity cycles, geopolitical cycles and economic cycles Euronet’s payment network covers the globe enabling a continuous stream of new payment use cases that drive growth and profit. The business consistently produces s
Slide 69: Closing Remarks
Closing Remarks
Slide 70: Key Messages for the Day
fi Key Messages for the Day : 1 Diversified global payments platform with multiple growth drivers 2 Highly cash-generative core businesses supporting durable earnings growth 3 Accelerating shift to digital and technology- driven revenue streams A Scaled, integrated platform enabling customer expansi
Slide 71: Investor Day 2026 - Q&A
INVESTOR DAY - 2026 O&A <uronet. MAY 20, 2026
Slide 72: Appendix
Appendix _uronet. MAY 20, 2026
Slide 73: Non-GAAP Reconciliation
Mm Non-GAAP Reconciliation Net income (loss) attributable to Euronet Worldwide™ Foreign exchange (loss/gain) Intangible asset amortization Share-based compensation Goodwill and intangible asset impairment, net of minority interest Contract asset impairment Non-cash convertible debt accretion interes
Slide 74: Reconciliation
Reconciliation Operating Income and Adjusted EBITDA! (unaudited - $ in millions) ‘Adjusted EBITDA is a non-GAAP measure that should be considered Payments Infrastructure EBITDA Operating Income $ $ Add: d Amo 95.4 Add/(Deduct): Non-cash Purchase A 0 Deduc cash gain 0 Add: Co impairment 0 Deduct: Sha
Slide 75: Sources & Methodology
Sources & Methodology Certain market and industry data presented herein is based on third-party reports, publicly available information, internal company analyses and management estimates. While management believes these sources to be reliable, accuracy and completeness cannot be guaranteed. TAM est