Slide 1: 9M 2025 Trading Update
9M 2025 Trading Update 30 October 2025
Slide 2: Agenda
AGENDA 01 9M 2025 02 Financial Update 03 Conclusion 04 Appendix 22
Slide 3: 9M 2025
01 9M 2025
Slide 4: Highlights 9M 2025
Highlights 9M 2025 Strong Financial Performance Capital Allocation ▪ Reported turnover CHF 10,609m, CORE ▪ Leverage 1.9x, vs. 2.2x September 2024 turnover CHF 10,407m ▪ 3.2m shares, totaling CHF 129m, bought back to end- ▪ CORE revenue growth +5.8% CER*, organic September under the up to CHF 200m pr
Slide 5: Resilient organic growth trends
Resilient organic growth trends Business development ▪ EMEA: retail and F&B hybrid store - Abidjan airport, Côte d’Ivoire CORE turnover and organic growth 2025 ▪ NA: long-term retail and dining contracts at major airports including Atlanta, San José, Dallas Fort Worth, Turnover Organic growth Organi
Slide 6: One year of Club Avolta and elevating insights through data
One year of Club Avolta and elevating insights through data Key highlights on Club Avolta Data approach ▪ Total active members >15m Data as key strategic asset ▪ Data-driven store designs ▪ ATV +3x more on average ▪ Predictive and personalized retail intelligence and enhanced traveler experiences ▪
Slide 7: Medium-term outlook reiterated
Medium-term Organic growth +5% – 7% outlook EBITDA margin (%) +20 – 40 bps reiterated EFCF conversion (%) +100 – 150 bps (per annum at CER) 7
Slide 8: Capital allocation policy confirmed
Capital allocation policy confirmed Store network upgrade Store Network Upgrade 1 Digital and technology transformation Invest In growth Digital development Business and Technology / newTransformation space (Organic and Inorganic) Business Small Development / medium sized selective M&A Small/ medium
Slide 9: Financial Update
02 Financial Update
Slide 10: Key 9M 2025 figures
Key 9M 2025 figures CORE TURNOVER CORE EBITDA EFCF CHF CHF CHF 10,407m 1,065m 503m GROWTH EBITDA MARGIN LEVERAGE +5.4% 10.2% 1.9x Organic +30bps YoY 2.2x 9M 24 10
Slide 11: Top line performance
Top line performance Like for Like (L-f-L) TURNOVER 9M 2025 5.1% 4.9% 5.2% 10,407 MILLION CHF 4.0% Q3 2025 9M 2025 L-f-L +2.7% +4.0% New concessions, net +2.1% +1.4% Organic growth +4.8% +5.4% M&A and Others -1.0% +0.5% Q1 25 H1 25 9M 25 Oct 25 Growth (CER) +3.8% +5.8% FX effect -4.7% -3.5% Reported
Slide 12: Margin expansion and improved EFCF
Margin expansion and improved EFCF EBITDA CHFm EBITDA margin +37bps 453 +30bps 1,065 ▪ Commercial performance ▪ Heightened cost discipline ▪ Productivity increases 9.9% 11.9% ▪ Active portfolio management 443 1,012 10.2% 9.5% 11.6% Margin evolution 9.9% CHFm Q1 HY Q3 9M FY 9M 24 9M 25 Q3 24 Q3 25 20
Slide 13: Financial net debt and leverage
Financial net debt and leverage Leverage* Leverage* (Net debt/CORE EBITDA) ▪ 1.9x net debt/CORE EBITDA ▪ Mid-term target ratio 1.5x-2.0x 2.6x Net debt CHF 2,445m 2.2x 1.9x Revolving credit facility (RCF) maturity extended by one year to 2030 9M 23 9M 24 9M 25 Well diversified financing structure Mat
Slide 14: Conclusion
03 Conclusion
Slide 15: Conclusion
Conclusion Store Network Upgrade ▪ Sustained delivery on all KPIs Financial ▪ Digital growth CORE turnover and Technology +5.8% CER*, Transformation +5.4% organic performance ▪ Business CORE EBITDA Development margin 10.2%, +30bps YoY ▪ Record EFCF Small/of medium CHF 503m size selective M&A Shareho
Slide 16: Appendix
04 Appendix
Slide 17: Selected Events Contact
Selected Events 11 March 2026 Full-Year 2025 Results Contact Rebecca McClellan Global Head Investor Relations +44 7543 800 405 Rebecca.McClellan@avolta.net 17
Slide 18: Legal Disclaimer
Legal Disclaimer This document contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes’, ‘expects’, ‘anticipates’, ‘projects’, “targets”, ‘intends’, ‘estimates’, ‘future’, “outlook”, or similar expressions or by discussion of, among