Slide 1: 9M24 Results Presentation
This content is classified as Internal 9M24 Results Presentation November 8th, 2024
Slide 2: Disclaimer
This content is classified as Internal Disclaimer ▪ This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on
Slide 3: Key messages
This content is classified as Internal Key messages Continued delivery of Shaping Nexi for Creating value for our Shareholders growth and margin expansion future profitable growth ▪ Revenues growing at +5.6% vs 9M23, with ▪ Group strategy execution progressing well ▪ ~700 €M debt maturities reimburs
Slide 4: Merchant Solutions revenue growth: secular structural drivers supporting long term growth
This content is classified as Internal Merchant Solutions revenue growth: secular structural drivers supporting long term growth, accelerated by specific customer base value enhancing initiatives Market volume growth Secular shift from cash to digital payments Market nominal consumer spending Custom
Slide 5: Pricing optimization initiatives: continuous focus to increase customer base value
This content is classified as Internal Pricing optimization initiatives: continuous focus to increase customer base value Customer base management New offers (SME focus) ▪ Continuous optimization of pricing on specific ▪ Simplified blended flat fees for national and customer base segments internatio
Slide 6: Advanced solutions up/cross selling: multiple opportunities for value growth
This content is classified as Internal Advanced solutions up/cross selling: multiple opportunities for value growth RELEVANCE / IMPACT SHORT-TERM LONG-TERM ▪ Bundling of digital eCR/store management software INTEGRATED with Nexi integrated payments solutions, distributed COMMERCE also via Nexi chann
Slide 7: Value Added Services upselling: multiple opportunities for value growth
This content is classified as Internal Value Added Services upselling: multiple opportunities for value growth DCC – Dynamic Currency Conversion Merchant Financing ▪ Natively integrated with in-store checkout experience, ▪ Embedded-finance powered SME lending, secured against allows transactions in
Slide 8: Focus on 9M24 results
This content is classified as Internal Focus on 9M24 results
Slide 9: Solid Revenue and EBITDA growth, with continued margin expansion
This content is classified as Internal Solid Revenue and EBITDA growth, with continued margin expansion Net Net Revenues Revenues (€M) (€M) EBITDA (€M) EBITDA margin 57% 57% 52% 52% + 60 bps + 82 bps +5.6% 2,571.6 2,435.5 +7.3% 1,349.9 1,258.5 +5.1% +6.2% 867.1 911.1 492.4 522.9 3Q23 3Q24 9M23 9M24
Slide 10: Merchant Solutions: continued growth supported by volumes, customer base growth and value initiatives
This content is classified as Internal Merchant Solutions: continued growth supported by volumes, customer base growth and value enhancing initiatives Net Revenues (€M) Managed Transactions (#M) Key Highlights International +12.8% ▪ Sustained volume growth across the 57%1 Schemes Group, driven by In
Slide 11: Issuing Solutions: continued growth supported by international schemes
This content is classified as Internal Issuing Solutions: continued growth supported by international schemes despite lower contribution from project work Net Revenues (€M) Managed Transactions (#M) Key Highlights 32%1 International Schemes +13.5% ▪ Continued growth in managed transactions and value
Slide 12: Digital Banking Solutions: continued revenue growth thanks to volumes and business development
This content is classified as Internal Digital Banking Solutions: continued revenue growth thanks to volumes and business development initiatives Net Revenues (€M) Key Highlights ▪ Continued revenue growth thanks to volumes and business development 11%1 initiatives, with extra-support in the +2.8% q
Slide 13: Continued revenue growth across geographies in 9M24
This content is classified as Internal Continued revenue growth across geographies in 9M24 59%1 Italy 18%1 Nordics2 +5.9% 1,426.6 1,510.3 +2.0% +5.6% +2.1% 447.4 456.3 505.6 533.9 159.4 162.7 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24 10%1 14%1 DACH & Poland SE Europe & Other +7.7% +6.4% +7.8% 325.9 35
Slide 14: Solid cost performance thanks to operating leverage, cost control and synergies
This content is classified as Internal Solid cost performance thanks to operating leverage, cost control and synergies, notwithstanding inflationary pressure Total Costs (€M) Key Highlights Personnel Costs Operating Costs ▪ Continued organizational efficiency measures and operating leverage limiting
Slide 15: Net Financial Debt / EBITDA broadly stable at 2.8x
This content is classified as Internal Net Financial Debt / EBITDA broadly stable at 2.8x, despite accelerated share buy-back impact Net Financial Debt (€M) Key Highlights ▪ Additional ~476 €M Notes reimbursed at Sept 23 Dec 23 Mar 24 Jun 24 Sept 24 maturity in October 2024. Next maturities to be re
Slide 16: Closing remarks
This content is classified as Internal Closing remarks
Slide 17: 2024 Guidance confirmed
This content is classified as Internal 2024 Guidance confirmed Net Mid-single digit y/y growth Revenues Mid-to-high single digit y/y growth EBITDA EBITDA margin expansion of 100bps+ Excess cash More than 700 €M generated1 Net Decreasing to below 2.9x EBITDA including announced M&A and leverage share
Slide 18: Key messages
This content is classified as Internal Key messages Continued delivery of Shaping Nexi for Creating value for our Shareholders growth and margin expansion future profitable growth ▪ Revenues growing at +5.6% vs 9M23, with ▪ Group strategy execution progressing well ▪ ~700 €M debt maturities reimburs
Slide 19: Q&A
This content is classified as Internal Q&A
Slide 20: Annex
This content is classified as Internal Annex
Slide 21: Merchant Solutions: key business update
This content is classified as Internal Merchant Solutions: key business update 9M24 TRX Value Key Business Highlights Examples of recent 60%1 ▪ Continued growth of terminals installed base across markets, primarily driven by Italy and DACH 2 customer wins & upsells ▪ Continued acceleration on comple
Slide 22: Group normalised P&L at constant scope and FX
This content is classified as Internal Group normalised P&L at constant scope and FX Δ% vs. Δ% vs. 9M23 9M24 3Q23 3Q24 €M 9M23 3Q23 Merchant Solutions 1,382.3 1,477.2 +6.9% 501.2 534.4 +6.6% Issuing Solutions 784.5 818.1 +4.3% 271.3 278.7 +2.8% Digital Banking Solutions 268.7 276.3 +2.8% 94.6 98.0 +
Slide 23: Well diversified revenue base both in terms of business and geography
This content is classified as Internal Well diversified revenue base both in terms of business and geography at scale, with exposure to fast growing European markets 9M24 Revenues breakdown 9M24 Costs breakdown by type By business By geography By type Merchant Solutions Installed based Italy Nordics
Slide 24: Debt maturities as of 9M24
This content is classified as Internal Debt maturities as of 9M24 Nexi Group Debt Maturity Schedule1 (€M) Senior Notes Term Loans 1,976 Convertible Notes 1,050 1,400 ~476 €M Senior Notes reimbursed in October 2024 900 536 1,000 1,050 926 476 507 500 60 2024 2025 2026 2027 2028 2029 Note: (1) Express
Slide 25: Investor Relations
This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com