Slide 1: H1 2026 Results
H1 2026 Results July 30th, 2026
Slide 2: Disclaimer
Disclaimer “This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These
Slide 3: Agenda
Agenda 01 H1’26 Momentum Pierre-Antoine Vacheron 02 H1’26 Results Srikanth Seshadri CEO CFO 03 Conclusion Pierre-Antoine Vacheron 04 Appendices CEO H1 2026 Revenue - Worldline - 3
Slide 4: H1'26 Momentum
H1’26 Momentum Pierre-Antoine Vacheron Chief Executive Officer H1 2026 Results - Worldline - 4
Slide 5: H1'26 Key figures
Balance sheet Tangible North Star strengthening completed milestones delivered H1’26 Key figures Merchant Services back to growth Improved profitability in Merchant Services Financial services significant signings ytd H1 2026 Results - Worldline - 5
Slide 6: H1'26 key figures fully pruned
H1’26 key figures fully pruned €245B Acquiring +8.3B Acceptance MSV1 Transactions 4.3% organic growth 6.6% organic growth €1,736M revenue2 €294M adj. EBITDA2 €(27)M free cash (0.2)% organic growth 16.9% adj. EBITDA margin flow2 (3%) organic growth on NNR basis 22% margin on NNR (+ 30bps y/y) Vs €(11
Slide 7: Q2'26 showing improvement across all businesses
Q2’26 showing improvement across all businesses Fully pruned revenue: €904M flat y/y organic1,2 Merchant Services Financial Services Gaining momentum More gradual recovery SMB Enterprise Global Commerce • Improved NPS in all • Growing order entry • Successfully • Impacted by planned contract geograp
Slide 8: Winning as a key provider for payments infrastructure
Winning as a key provider for payments infrastructure Outsourcing of payments operations Digital Euro Pilot Selection Solution Solution • Credit card issuing • Acquiring payment service provider supporting banks and merchants • Transaction processing • Worldline provides core infrastructure role: •
Slide 9: Strong progress on financial and business priorities
Strong progress on financial and business priorities Nov 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 CMD Merchant Cash WL India End of Rights WL New Zealand Final 20% Stake New strategic plan Advance Reverse share split outsourcing divestment Issue divestment Acquisition of a
Slide 10: North Star 2030 delivering
North Star 2030 delivering Simplify Converge Integrate Grow Office utilisation 5K merchants migrated Global Collect Tap On Mobile for ISVs optimisation in Italy repositioned Click to Pay recurring, Klarna Crédit Agricole 80% Ogone SME portfolio 66% internal Circle, partnership evolution on GOPAY mob
Slide 11: Crédit Agricole partnership
Simplify Crédit Agricole partnership Strategic Rationale Strong Partnership Maintained Future • Simplified operating model: • Joint commercial momentum: • Crédit Agricole continues to be transition from an equity-based JV significant tender wins from large an anchor shareholder to a commercial partn
Slide 12: Global Collect repositioned to grow
Integrate Global Collect Repositioned to grow Dedicated set up Winning in Digital & Travel Dedicated operating model improving go-to- With complex cross border requirements – market effectiveness partnering with 800+ global enterprises One Global Platform High performance Tech stack leveraging Wordl
Slide 13: Worldline ready for agentic commerce
Grow Worldline ready for agentic commerce Worldline infrastructure layer : payment-led, European, agnostic, and connected end-to-end End-to-End: The Worldline 1 Technical Foundation 2 Payment Readiness 3 Edge Worldline MCP Server Live Production Transaction Full-Chain Processing Exposes our payment
Slide 14: Accelerating GenAI through a trusted AI operating model
Accelerating GenAI through a trusted AI operating model Foundations Scaled roll out Early business impact • Infrastructure • 83%: developers using AI coding • Software delivery: feature • Governance tools development velocity x2.7 • Risk management • 58%: AI usage across group • +3%: acceptance rate
Slide 15: H1'26 results
H1’26 results Srikanth Seshadri Group CFO - 15 H1 2026 Revenue - Worldline
Slide 16: H1'26 key figures fully pruned
H1’26 key figures fully pruned €1,736M fully pruned revenue1 €294M fully pruned adj. EBITDA1 (0.2)% organic growth €(27)M fully pruned free cash 16.9% adj. EBITDA margin flow1 (3%) organic growth on NNR basis3 22% margin on NNR basis €(35)M published free cash flow2 €1,897M published revenue2 €328M
Slide 17: Pruning program now successfully completed
Pruning program now successfully completed Non-core MeTS1 Cetrel payment Non-synergetic WL North Payment WL New WL JV ANZ payment America IQ Zealand MS India Worldline Net proceeds expected at €590 - 640M with €580M received. Expected closing dates Q1 2026 Q2 2026 Q3 2026 PaymentIQ MeTS WL MS India
Slide 18: Understanding P&L and FCF H1 26 scope
Understanding P&L and FCF H1 26 scope Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Q3 2026 Dec-26 MeTS1 H1 2026 published Revenues: €1,897m aEBITDA: €328m WL NAM & PaymentIQ FCF: €(35)m Cetrel WL NZ WL MS India & JV ANZ WL H1 2026 Revenues: €1,736m Fully pruned Worldline aEBITDA: €294m FCF: €(27
Slide 19: H1 published and fully pruned results
H1 published and fully pruned results Scope Revenues (in €M) 1970 (1.3)% 1921 1897 Excluding MeTS only (IFRS 5) (0.2)% Excl. MeTS, WL NA and PaymentIQ from March 2026, Cetrel from 1739 1736 May 2026 and WL NZ from June 2026 Excl. MeTS, WL NA, PaymentIQ, Cetrel, WL NZ, WL MS India and JV ANZ WL * At
Slide 20: By Business Line
Organic revenue growth By Business Line Q2 2026 Group Revenue fully pruned1 In € million Q2 2026 Q2 2025 Organic growth Organic growth (NNR) Merchant Services 721 707 +2.0% (2.1%) Financial Services 183 197 (6.9%) (6.8%) Worldline 904 904 0.0% (3.4%) Q2 2026 Group Revenue published2 In € million Q2
Slide 21: Merchant Services key highlights
Merchant Services Key highlights Q2’26 revenue at €721M / 2.0% organic growth / / (2.1)% NNR organic growth fully Q2’26 Commercial wins / upsells pruned SMB growing low single digit: Global Commerce • Continued momentum in the Nordics, Germany, Italy, Greece and CEE • Switzerland further stabilising
Slide 22: Financial Services key highlights
Financial Services Key highlights Q2’26 revenue of €183M / (6.9)% organic decline fully pruned Q2’26 Commercial wins / upsells Revenue still impacted by legacy contract terminations. Underlying commercial dynamic is positive, which should lead to a progressive improvement Outsourcing of ICS core ope
Slide 23: H1'26 Financial performance
H1’26 Financial performance H1 2026 Group Fully pruned Revenue1 Organic growth Organic growth (in €m) H1 2026 H1 2025* (Fully pruned revenue) (NNR) Merchant services 1,373 1,349 +1.8% (1.4%) Financial services 363 390 (7.1%) (7.2%) Worldline 1,736 1,739 (0.2%) (3.0%) H1 2026 Group Fully pruned Adjus
Slide 24: Income statement published data (IFRS 5 application)
Income statement published data (IFRS 5 application) Of whcih Var N/ (In € million) H1'25* H1'26 scope N-1 & FX**** Highlights (Equivalent divestment scope) Revenue 1 970 1 897 (74) (49) 1 Personnel expenses (650) (628) 22 10 2 1• Organic revenue declining €25M, -1.3% y/y impacted by FS contract ter
Slide 25: Published free cash flow (IFRS 5 application)
Published free cash flow (IFRS 5 application) Of which Highlights (Equivalent divestment scope) (In € million) H1'25* H1'26 Variation scope effect only** 1• Adj EBITDA growing €6M ie, 1.9% y/y supported by Adjusted EBITDA 347 328 (19) (25) 1 strong cost discipline, continued North Star execution and
Slide 26: A strengthened balance sheet supports significant deleveraging
A strengthened balance sheet supports significant deleveraging Net debt & leverage (€M) Liquidity Undrawn RCF2 2219 35 Disposals Cash at assets held for sale FCF1 Capital Published cash 1125 Increase -580 90 Others1 1165 1125 -489 -20 Total cash 186 1847 €1,937M Total cash €1,084M 898 €(1,1)bn Dec-2
Slide 27: Updated 2026 outlook - Fully pruned scope
Updated 2026 outlook - Fully pruned scope Adj EBITDA Reported leverage Revenue Free cash flow confirmed confirmed Stable to marginally positive €(60)M to €(40)M €630M-€650M <2x (previously low-single digit (previously €(80)M-€(70)M) organic growth) • Merchant Services Gaining traction Strong cost di
Slide 28: Conclusion
Conclusion Pierre-Antoine Vacheron Chief Executive Officer
Slide 29: In closing…
H1 performance Organisation gaining strengthening momentum conviction In closing… Well positioned on the Navigating macro forces key future industry and controlling costs drivers H1 2026 Results - Worldline - 29
Slide 30: Appendix
Appendix H1 2026 Revenue - Worldline
Slide 31: H1'26 Financial performance
H1’26 Financial performance H1 2026 Group Published Revenue Organic growth Organic growth (in €m) H1 2026 H1 2025* (Published Revenue) (NNR) Merchant services 1,530 1,526 +0.3% (1.9%) Processing and Financial Institutions 367 395 (7.1%) (7.1%) Worldline 1,897 1,921 (1.3%) (3.3%) *at 2025 constant sc
Slide 32: H1'26 Acquiring MSV development
H1’26 Acquiring MSV development + 4.3% y/y acquiring MSV1 in H1’26 ACQUIRING MSV (€M)* (acquiring instore and online +7.8% y/y transactions on Axis +16% y/y GoPay online acceptance transactions 2023 2024 2025 2026 * Rolling 3-week average transaction volumes in euro millions on acquiring activities,
Slide 33: NR to NNR bridge and impacts on revenue
NR to NNR bridge and impacts on revenue Q2 2026 Group Revenue fully pruned1 Schemes & Q2 2026 Schemes & Q2 2025 OG% OG% Q2 In € million Q2 2026 Q2 2025* Partners fees Net Net Partners fees Net Net Q2 Net Net Merchant Services 721 (214) 507 707 (189) 518 +2.0% (2.1%) Financial Services 183 (2) 181 19
Slide 34: EBITDA to Adjusted EBITDA & Operating margin to Adjusted EBITDA
EBITDA to Adjusted EBITDA & Operating margin to Adjusted EBITDA (in €M) H1-25* H1’26 Operating margin 167 165 + Depreciation of fixed assets 171 155 + Net book value of assets sold/written off 1 1 +/- Net charges/(release) of pension provisions 2 (1) +/- Net charges/(release) of provisions 5 8 Adjus
Slide 35: Net income to normalized net income reconciliation
Net income to normalized net income reconciliation (in €M) H1’25* H1’26 Net income – Attributable to owners of the parent (4,247) (97) Other operating income and expenses (Group share) 4,234 214 Financial loss on fair value of preferred shares (Group’s share) 142 - Tax impact on unusual items (41) (
Slide 36: Leverage ratio bridge including IFRS16
Leverage ratio bridge including IFRS16 (in €M) 2025 H1’26 Net Debt 1,936 925 Lease liability 283 239 Net debt including lease liability 2,219 1,165 Group leverage ratio including lease liability 3.0x <2x H1 2026 Results - Worldline - 36
Slide 37: Achieving reported leverage <2x by H1'26
Net debt evolution published basis Achieving reported leverage <2x by H1’26 (In € million) H1'25* H1'26 Variation (NET DEBT) / CASH as of january 1st (2,012) (2,219) (207) Highlights Jan 1st IFRS 9 adjustment - 11 11 Net debt reduced significantly, driven by capital Free Cash Flow 21 (35) (56) incre
Slide 38: Balance Sheet
Balance Sheet As at As at June 30, (In € million) December 31, Variation 2026 2025 Highlights Goodwill 3 840 3 827 (13) 1 1• Goodwill variation is primarily related to FX Other Intangible assets 1 839 1 712 (127) Tangible assets & right of use 398 349 (49) 2• Other assets increasing due to deferred
Slide 39: IFRS 5 H1 2026 P&L bridge
IFRS 5 | H1 2026 P&L bridge Assets held (In € million) Before IFRS 5 MeTS Published for sale Revenue 2,083 (186) - 1,897 Personnel expenses (731) 103 - (628) Operating expenses (1,157) 54 - (1,103) Operating margin 194 (29) - 165 Of which Adjusted EBITDA 351 (22) - 328 - - - - Other operating income
Slide 40: IFRS 5 H1 2026 BS bridge 1/2
IFRS 5 | H1 2026 BS bridge 1/2 Assets held (In € million) Before IFRS 5 MeTS Published for sale Goodwill 3,848 - (21) 3,827 Other Intangible assets 1,784 - (72) 1,712 Tangible assets 155 - (17) 138 Right-of-use 233 - (21) 212 Non-current financial assets 123 - (1) 122 Investments in associates 33 -
Slide 41: IFRS 5 H1 2026 BS bridge 2/2
IFRS 5 | H1 2026 BS bridge 2/2 Assets held (In € million) Before IFRS 5 MeTS Published for sale Total shareholders’ equity 4,511 - - 4,511 Provisions for pensions and similar benefits 145 - (0) 144 Provisions 113 - (1) 113 Non current Financial liabilities 1,672 - (33) 1,639 Deferred tax liabilities
Slide 42: IFRS 5 H1 2026 Cash Flow Statement bridge
IFRS 5 | H1 2026 Cash Flow Statement bridge Assets held (In € million) Before IFRS 5 MeTS Published for sale Profit before tax (80) (47) - (127) Cash from operating activities before change in WCR, financial interest and 284 (19) - 265 taxes Taxes paid (37) - - (37) Change in working capital require