Slide 1: Q3 2022 Revenue
Q3 2022 REVENUE October 20, 2022 1
Slide 2: Executive Summary (1/2)
EXECUTIVE SUMMARY (1/2) Edenred records another quarter of strong growth, driven by continuously strong commercial momentum in core offers and enhanced success of the Beyond Food, Beyond Fuel and Beyond Payment strategies Total revenue at €506m in Q3 2022, up +25.2% as reported and +21.4% like-for
Slide 3: Executive Summary (2/2)
EXECUTIVE SUMMARY (2/2) Edenred is well positioned to benefit from the increased scale effect of its platform and generate sustainable and profitable growth in 2022 and beyond Increasingly invest in technology and product innovation to provide corporates, users and merchants with best-in-class exp
Slide 4: Save the Date
SAVE THE DATE 2022 CAPITAL MARKETS DAY London, October 25
Slide 5: Agenda
Agenda 1. Q3 2022 highlights 2. Q3 2022 revenue 3. 2022 outlook 5
Slide 6: IPS Acquisition: Expanding Edenred CSI's Value Proposition in the US Beyond Payment
IPS ACQUISITION: EXPANDING EDENRED CSI'S VALUE PROPOSITION IN THE US BEYOND PAYMENT A global market leader with a An opportunity for Edenred CSI to expand comprehensive invoice automation solution along the procure-to-pay value chain Founded in 1991 High complementarity between businesses with
Slide 7: Agenda
Agenda 1. Q3 2022 highlights 2. Q3 2022 revenue 3. 2022 outlook 7
Slide 8: Another Quarter of Outstanding Growth
ANOTHER QUARTER OF OUTSTANDING GROWTH Operating revenue in €m +17.9% Sustained commercial momentum, L/L in particular with SMEs 1,375 Continued success of our Beyond Food, Beyond Fuel and Beyond 1,130 +19.1% Payment strategies L/L Increased attractiveness of our solutions, as evidenced by: 484
Slide 9: Double-Digit Growth in All Business Lines in YTD 2022
DOUBLE-DIGIT GROWTH IN ALL BUSINESS LINES IN YTD 2022 EMPLOYEE FLEET & MOBILITY COMPLEMENTARY BENEFITS SOLUTIONS SOLUTIONS Corporate Payment Services % OF YTD 2022 GROUP OPERATING REVENUE 58% 29% 13% Incentive & Rewards Public Social Programs €802m €395m €177m YTD 2022 REPORTED OPERATING REVEN
Slide 10: Double-Digit Growth in All Geographies in YTD 2022
DOUBLE-DIGIT GROWTH IN ALL GEOGRAPHIES IN YTD 2022 EUROPE REST OF THE WORLD +16.5% reported +20.7% reported 61% 8% +16.3% like-for-like +30.0% like-for-like vs. YTD 2021 vs. YTD 2021 LATIN AMERICA +33.3% reported 31% +18.0% like-for-like vs. YTD 2021 % of YTD 2022 Group operating 10 revenue
Slide 11: Sustained Double-Digit Organic Growth - Europe
Q3 & YTD 2022 operating revenue – Europe SUSTAINED DOUBLE-DIGIT ORGANIC GROWTH Q3 comments vs. 2021 €834m +16.5% +16.3% France 61% in YTD 22 as reported L/L Good commercial momentum, both in Employee Benefits and Fleet & Mobility Solutions of YTD 2022 Group Strong growth in Beyond Food solutions
Slide 12: Continued Strong Momentum Across the Region - Latin America
Q3 & YTD 2022 operating revenue – Latin America CONTINUED STRONG MOMENTUM ACROSS THE REGION Q3 comments vs. 2021 €432m +33.3% +18.0% Brazil 31% in YTD 22 as reported L/L Sustained commercial momentum in Employee Benefits solutions with increasing contribution from of YTD 2022 Group the Itaú Uniban
Slide 13: Other Revenue Up 65.4% L/L Driven by Increase in Float and Interest Rates
YTD 2022 other revenue OTHER REVENUE UP 65.4% L/L DRIVEN BY INCREASE IN FLOAT AND INTEREST RATES Sustained business momentum positively OTHER REVENUE impacting the float €53m in YTD 22 Continued impact of increasing interest rates outside the euro zone as well as first effect of vs. €32m in YTD
Slide 14: Q3 & YTD 2022 Total Revenue
Q3 & YTD 2022 TOTAL REVENUE Q3 2021 YTD 2021 €405m €1,162m LIKE-FOR-LIKE +21.4% +19.2% Scope -0.1% -0.3% Currency +3.8% +4.0% REPORTED +25.2% +22.9% €506m €1,428m Q3 2022 YTD 2022 14
Slide 15: Agenda
Agenda 1. Q3 2022 highlights 2. Q3 2022 revenue 3. 2022 outlook 15
Slide 16: Increasing the Scale Effect of the Edenred Platform
INCREASING THE SCALE EFFECT OF THE EDENRED PLATFORM TO GENERATE SUSTAINABLE AND PROFITABLE GROWTH Edenred is deploying a powerful go-to-market strategy to further penetrate its core markets, maintaining continuously strong commercial momentum, in a context of 1 increasing attractiveness of its solut
Slide 17: Appendices
S~ APPENDICES
Slide 18: Operating Revenue by Business Line
OPERATING REVENUE BY BUSINESS LINE Q1 Q2 Q3 YTD In € millions 2022 2021 2022 2021 2022 2021 2022 2021 Employee Benefits 256 223 271 225 275 233 802 682 Fleet & Mobility 117 90 135 100 143 110 395 300 Complementary Solutions 53 50 59 48 65 50 177 148 Operating revenue 426 363 465 373 484 393 1,375 1,
Slide 19: Operating Revenue by Region
OPERATING REVENUE BY REGION Q1 Q2 Q3 YTD In € millions 2022 2021 2022 2021 2022 2021 2022 2021 Europe 270 237 281 238 283 241 834 716 France 76 69 74 66 71 65 220 200 Rest of Europe 194 168 207 172 212 176 613 516 Latin America 123 97 148 107 161 120 432 324 Rest of the world 33 29 36 28 40 33 109 9
Slide 20: Other Revenue by Region
OTHER REVENUE BY REGION Q1 Q2 Q3 YTD In € millions 2022 2021 2022 2021 2022 2021 2022 2021 Europe 5 3 6 3 9 3 20 10 France 2 1 1 1 1 1 4 4 Rest of Europe 3 2 5 2 8 2 16 6 Latin America 7 6 10 6 11 6 28 18 Rest of the world 1 1 2 1 2 1 5 4 Other revenue 13 10 18 10 23 11 53 32 Q1 Q2 Q3 YTD In % Repor
Slide 21: Total Revenue by Region
TOTAL REVENUE BY REGION Q1 Q2 Q3 YTD In € millions 2022 2021 2022 2021 2022 2021 2022 2021 Europe 275 240 287 241 292 244 854 726 France 78 70 75 67 72 67 225 204 Rest of Europe 197 170 212 174 220 178 629 522 Latin America 130 103 158 113 172 126 460 342 Rest of the world 34 30 38 30 42 34 114 95 T
Slide 22: Average Exchange Rate
AVERAGE EXCHANGE RATE Average rates Average rates Spot rate as Spot rate as 2022 vs. 2021 2022 vs. 2021 2022 vs. 2021 2022 vs. 2021 of 09.30.2022 of 09.30.2021 €1 = X foreign currency Q1 2022 Q1 2021 Q2 2022 Q2 2021 Q3 2022 Q3 2021 YTD 2022 YTD 2021 Q4 2021 FY 2021 Change (in %) Change (in %) Change
Slide 23: 2022 Expected Calendar Effects
2022 EXPECTED CALENDAR EFFECTS Q1 Q2 Q3 Q4 2022 Nb of Nb of Nb of Nb of Nb of Working days days days days days days Europe 1 (0) (1) (2) (2) Latin America 1 (0) 0 (1) (0) Rest of the world 1 0 0 (0) 1 TOTAL 1 (0) (0) (1) (1) 23
Slide 24: c@ginest
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