Slide 1: Q3 2024 Sales Conference Call
Technologies for Positive Commerce Q3 2024 Sales Conference Call October 28, 2024
Slide 2: Disclaimer
Disclaimer This presentation contains unaudited financial data. The aggregates presented are those normally used and communicated on markets by VusionGroup. These statements include financial projections, synergies, estimates and their underlying assumptions, statements regarding plans, expectations
Slide 3: Q3 2024 Sales Conference Call Highlights
Technologies for Positive Commerce • Record Q3, driven by acceleration in North America Q3 2024 Sales • Recurring VAS growth > 30% Conference Call • Record order entries: €1.4bn over 12 months (+65% YoY) • FY 2024 outlook confirmed for adjusted sales above €1 billion and improved profitability Octob
Slide 4: Walmart Rollout Now in a Very Intensive Phase
Walmart Rollout Now in a Very Intensive Phase • 500 stores by year-end and 2,300 stores by the end of 2026 • Roll-out acceleration will continue in 2025 • New Innovation Center in Bentonville, Arkansas, home of Walmart Program is on track, new solutions and use cases already being tested Proprietary
Slide 5: Excellent momentum in North America and Europe
Excellent momentum in North America and Europe Home Pharmacy Gas stations Sport improvement Travel Retail Consumer Food Cosmetics / H&B Electronics Proprietary and confidential. Do not distribute. 5
Slide 6: Q3 & 9M 2024 Sales
Q3 & 9M 2024 Sales Record activity thanks to a historic level of orders and strong growth in the US Adjustments due to Sales in €m IFRS Sales Adjusted Sales1 Walmart contract Q3 2024 207.1 (15.8) 222.9 • Record Q3 & 9M sales Q3 2023 182.5 - 182.5 • Record level of order entries Change (in %) +13% N/
Slide 7: Q3 growth in line with expectations
Q3 growth in line with expectations Americas/APAC EMEA €m 654 • EMEA: 51% of sales (€337m) generated in EMEA, a 29% 563 +16% decrease, due to the planned finalization of the implementation phase of a large European client: 337 -29% — This cycle effect is expected to have a temporary impact in 2024,
Slide 8: Strong growth in recurring VAS activity
Strong growth in recurring VAS activity Cloud figures 9M 2023 9M 2024 % 9M VAS in €m # of ESLs 75 millions 135 millions +80% Recurring Non-Recurring # of Stores 15,500 23,000 +48% 80 67 49 26 41 31 +31% 9M 2023 9M 2024 Proprietary and confidential. Do not distribute. 8
Slide 9: Excellent order entries driven by strong momentum in Europe and the US
Excellent order entries €m driven by strong Quarter Rolling 12m 1396 momentum in Europe 600 1400 and the US 1146 1200 500 1003 440 442 950 1000 400 848 818 736 800 • Global Q3 order entries at €442m 297 300 274 (+130%) 240 600 221 • Record level on a 9-month (€1.1bn) 192 200 and12-month rolling basi
Slide 10: 2024 outlook: VusionGroup confident on its €1bn adjusted revenue target
2024 outlook: VusionGroup confident FY 2024 VAS estimate on its €1bn adjusted revenue target €m Recurring Non-Recurring Adj. Revenue 1,000+ (€m) 109 100-110 800 ~50% 40-50 67 EMEA ~80% ~60 ~50% +40% 42 AMERICAS ~20% & APAC FY 2023 FY 2024e 2023 2024 Adjusted sales incorporates IFRS standards before
Slide 11: Full-Year Profitability Improvement Confirmed
Full-Year Profitability Improvement Confirmed • Continued robust new orders growth throughout 2024 • Profitability improvement with adjusted EBITDA margin1 growing by +100 to +200 bps • Continued positive cash flow generation Proprietary and confidential. Do not distribute. 11
Slide 12: Q3 2024 Sales Conference Call Summary
Technologies for Positive Commerce • Record Q3 sales at €223m (+14%) and record 9- Q3 2024 Sales • month sales at €654m (+16%) Record Q3 order entries of €442 million (+130%) Conference Call and record 9-month (€1.1bn) / rolling 12-month (€1.4bn) levels • Strong momentum in the United States and sev
Slide 13: Note on the IFRS Adjustments related to the new Walmart contract
Note on the IFRS Adjustments related to the new Walmart contract: • Two IFRS adjustments related to the Walmart contract impact 2023 financial disclosures: — 1. On June 2, 2023, at their Annual General Meeting, the Group’s shareholders approved a grant to Walmart of 1,761,200 for stock warrants on t