Austriacard Holdings Ag · ATHEX:ACAG
Austriacard — Q1 2026 Earnings Presentation
27 slides from Austriacard's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Results Presentation
Q1 2026 Results Presentation 13 May 2026 Building on trust. Growing digitally.
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) has been prepared by AUSTRIACARD HOLDINGS AG (the “Company”) solely for informational purposes and is Any securities offered by the Company have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United i
Slide 3: Contents
Contents 4. Results Highlights 18. About Us 22. Appendix Consolidated Financial Statements AUSTRIACARD HOLDINGS Q1 2026 Results Presentation 3
Slide 4: Results Highlights
Results Highlights AUSTRIACARD HOLDINGS Q1 2026 Results Presentation 4
Slide 5: Q1 2026 at a glance
Q1 2026 at a glance • Revenues +8% vs. Q1 2025 o Revenue growth & growing contribution from higher-margin A solid opening quarter in 2026 with • EBITDA +11% vs. Q1 2025 services & solutions drive EBITDA margin expansion (+30bps) double digit EBITDA growth o Q1 delivers the evidence that our strategy
Slide 6: P&L Highlights
P&L Highlights Revenues EBITDA Net Profit 89.4 11.5 4.1 • Digital Technologies +83% • Revenue growth and favourable revenue mix (growing • EBIT growth +18% o accelerated implementation of large-scale, public sector contribution of higher-margin services & solutions) • Lower interest costs -11% (loan
Slide 7: Q1 2026 delivers a solid opening quarter
Q1 2026 delivers a solid opening quarter €m Group Revenues Group EBITDA EBITDA margin 8% 24,0 16,2% 15,5% 22,0 12,6% 12,9% 15,0% 98,8 97,7 9,0% 20,0 89,4 10,0% 18,0 11% 82,6 81,1 16,0 16,0 5,0% 15,1 14,0 12,0 0,0% 11,5 10,0 8,0 10,4 -5,0% 7,3 6,0 4,0 -10,0% 2,0 0,0 -15,0% Q1-25 Q2-25 Q3-25 Q4-25 Q1-
Slide 8: Balance Sheet & Credit Highlights
Balance Sheet & Credit Highlights Leverage (Net Debt / EBITDA) Net Debt1 Leverage (Total Equity / Assets) 1.9x 94.5 42% • Temporary working capital-related cash utilization more • Net Debt increase vs. end-2025 (€13m) • Improvement reflects balance sheet resilience, than offsets continued deleveragi
Slide 9: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights Net Working Capital Operating Cash Flow CAPEX1 91.1 (7.5) 3.9 • Contract assets increase (€8m): contracted public sector digitization projects in Greece are invoiced upon completion • Digital Technologies: GaiaB™, CaaS, public sector • Trade Payables decline (€9m
Slide 10: Net Working Capital Q1 2026 bridge
Net Working Capital Q1 2026 bridge The Net Working Capital increase is attributed to project billing timing, revenue mix effects and legacy contractual purchasing obligations with key suppliers. No structural weakening in the underlying working capital management. Cash Inflow Cash Outflow €m 9 3 0 4
Slide 11: Solid Revenue growth across all Segments
Solid Revenue growth across all Segments WEST the clear outperformer €m Central Eastern Europe & DACH (CEE) W. Europe, Nordics, Americas (WEST) Türkiye, Middle East & Africa (MEA) Turkish payment card market (€1.5m impact) (largely inter-segment with CEE) 53,5 7,9 Revenues 4% 21% 4% 51,6 34,6 7,6 28
Slide 12: Group Revenues Q1 2026 — Geographic segments
Group Revenues Q1 2026 — Geographic segments €m % change vs. Q1 2025 1 Central Eastern Europe & DACH (CEE) 2 3 • Digital Technologies: +83% vs. Q1 2025 8% o accelerated implementation of public sector digitization projects in Greece (€6m 0,3 1,2 revenue contribution vs. Q1 2025) • Identity & Payment
Slide 13: Group EBITDA Q1 2026 — Geographic segments
Group EBITDA Q1 2026 — Geographic segments €m % change vs. Q1 2025 1 Central Eastern Europe & DACH (CEE) 11% • Unfavourable base effect from Q1 2025: card renewals with Romanian banks 2 3 • Gross Profit -5% vs. Q1 2025 0,4 11,5 o cost of sales (+6%) (increased share of 3rd party distribution costs)
Slide 14: Group Revenues Q1 2026 — Solutions
Group Revenues Q1 2026 — Solutions €m % change vs. Q1 2025 1 Identity & Payment solutions 8% • Payment solutions: +7% vs. Q1 2025 o cards issuance (+6%), cards personalization (+11%), distribution of personalized cards 6,0 89,4 (fulfillment) (+25%) • Identity solutions: +15% vs. Q1 2025 3,8 2,9 o bu
Slide 15: Digital Technologies
Digital Technologies A key growth contributor with a series of technologically advanced solutions, anchored by a solid, contracted pipeline of large-scale Greek Public Sector Digital Transformation projects % of Group Revenues Greek Public Sector Digital Transformation 15% 22% 20% 9% €m 9% 18% 7% 16
Slide 16: Shifting Revenue Mix
Shifting Revenue Mix More higher-margin Solutions and Services Solutions Geographic Segments 9% 15% Q1 2026 Q1 2025 €89m €83m 9% 9% 27% 35% 22% 39% 63% 60% 64% 63% Document Western Europe, Central Eastern Identity & Digital Türkiye, Middle Lifecycle Nordics, Americas Europe & DACH Payment Technologi
Slide 17: FY2026 Outlook
FY2026 Outlook Opportunities for 2026 and beyond Strategic initiatives to drive sustainable margin enhancement and earnings growth: Digital Technologies, Trusted digital Identity & Payment solutions Robust revenue pipeline Solid backlog of customer onboardings in WEST Roll-out (i) Card-as-a-Service
Slide 18: About Us
About Us AUSTRIACARD HOLDINGS Q1 2026 Results Presentation 18
Slide 19: A global applied technology company
A global applied technology company Revenues EBITDA Net Profit A global provider of identity and payment solutions, with a strategic focus on digital transformation technologies, €360m €49m €16m powered by proprietary technology and AI capabilities 13.6% margin Operating CF1 Leverage2 Total Assets H
Slide 20: A platform built for scale with a proven track record of growth
A platform built for scale with a proven track record of growth Revenues CAGR EBITDA CAGR Net Profit CAGR 2022-25 110,0 2022-25 22,0% 2022-25 +5% 100,0 +16% +50% €m 392 EBITDA margin 19 90,0 17,0% 365 360 13,6% 80,0 13,0% 13,2% 17 70,0 16 315 12,0% 60,0 9,9% 50,0 52 40,0 48 49 7,0% 30,0 31 2,0% 5 20
Slide 21: A global footprint across EMEA and the US
A global footprint across EMEA and the US 10 manufacturing hubs across strategic markets Key operational presence Identity & Personalization Document Facility Payment Centre Lifecyle Andorra ✅ Austria ✅ ✅ Greece ✅ ✅ Poland ✅ Romania ✅ ✅ ✅ Spain ✅ Türkiye ✅ UK ✅ ✅ US ✅ Sales Offices Norway, Czech Rep
Slide 22: Appendix
Appendix Consolidated Financial Statements AUSTRIACARD HOLDINGS Q1 2026 Results Presentation 22
Slide 23: Income Statement (IFRS)
Income Statement (IFRS) in € thousand Q1 2026 Q1 2025 Revenues 89,409 82,566 Cost of sales (67,891) (63,034) Gross profit 21,518 19,532 Gross profit margin 24.1% 23.7% Other income 1,052 1,192 Selling and distribution expenses (5,921) (5,469) Administrative expenses (7,224) (7,130) Research and deve
Slide 24: Group Segments
Group Segments Q1 2026 Q1 2025 Corporate & Corporate & in € thousand CEE WEST MEA Total CEE WEST MEA Total Eliminations Eliminations Revenues 48,278 33,496 7,635 0 89,409 48,070 26,899 7,598 0 82,566 Intersegment revenues 5,207 1,069 244 (6,520) 0 3,553 1,754 5 (5,312) 0 Segment revenues 53,486 34,5
Slide 25: Balance Sheet
Balance Sheet in € thousand 31 March 2026 31 December 2025 Property, plant and equipment and right of use assets 95,713 96,022 Intangible assets and goodwill 57,195 57,609 Equity-accounted investees 623 423 Other receivables 1,244 1,098 Deferred tax assets 4,252 3,865 Non-current assets 159,026 159,
Slide 26: Cash Flow Statement
Cash Flow Statement in € thousand Q1 2026 Q1 2025 Profit/(Loss) before tax 5,290 3,419 Adjustments for: - Depreciation, amortization and impairment 4,848 4,773 - Net finance cost 1,363 2,206 - Other non-cash transactions 158 180 11,660 10,579 Changes in: - Inventories 421 3,478 - Contract assets (7,
Slide 27: Investor Relations contact
AUSTRIACARD HOLDINGS Lamezanstrasse 4-8 1230 Vienna, Austria www.austriacard.com Investor Relations Tel AU: +43 (1) 61065 357 Tel GR: +30 210 669 78 60 investors@austriacard.com AUSTRIACARD HOLDINGS Q1 2026 Results Presentation 27