Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Q2 2025 Earnings Presentation
29 slides from Euronet Worldwide's earnings presentation, Jul 31, 2025
Slide 1: Second Quarter 2025 Financial Results
Second Quarter 2025 Financial Results Michael J. Brown | Chairman & CEO Rick L. Weller | EVP & CFO Adam Godderz | General Counsel Euronet | www.euronetworldwide.com 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking
Slide 3: Defined Terms
Defined Terms Unless specifically noted otherwise within this presentation, the following terms are hereby defined as follows: Constant currency measures are computed as if foreign currency exchange rates did not change from the prior period. This information is provided to illustrate the impact of
Slide 4: Second Quarter 2025
Second Quarter 2025 Michael J. Brown| Chairman & CEO Euronet | www.euronetworldwide.com 4 121322-1
Slide 5: 2nd Quarter 2025 Highlights and Announcements
2nd Quarter 2025 Highlights and Announcements • Signed a Merger Agreement to acquire CoreCard (NYSE: CCRD), a leading U.S.-based provider of card management systems • Signed an agreement with a top three bank in the United States for our Ren technology, involving our ATM software and transaction swi
Slide 6: Financial Highlights Second Quarter 2025
Financial Highlights Second Quarter 2025 Rick L. Weller | EVP & CFO Euronet | www.euronetworldwide.com 6 121322-1
Slide 7: Financial Highlights Second Quarter 2025
Financial Highlights Second Quarter 2025 • Revenue – $1,074.3 million • Adjusted EBITDA - $206.2 million • 9% increase from $986.2 million for Q2 2024 • 16% increase from $178.2 million for Q2 2024 • 6% increase on a constant currency basis • 11% increase on a constant currency basis • Operating Inc
Slide 8: Unrestricted Cash, Assets and Debt
USD 3/31/2025 6/30/2025 (in millions) Unrestricted Cash $ 1,393.6 $ 1,329.3 ATM Cash 700.3 937.4 Settlement Assets 1,418.6 1,547.1 Total Assets 6,053.5 6,554.9 Total Debt 2,202.5 2,438.1 Total Debt to Trailing Twelve Month Adjusted EBITDA Multiple 3.2x 3.4x Net Debt to Trailing Twelve Month Adjusted
Slide 9: Same Quarter Prior Year Comparison – As Reported
Financial Highlights Second Quarter 2025 Same Quarter Prior Year Comparison AS REPORTED USD (in millions) Revenue Operating Income Adjusted EBITDA Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 EFT Processing $ 305.4 $ 338.5 $ 79.9 $ 84.6 $ 105.0 $ 110.6 % Change 11% 6% 5% epay 260.9 280.1 26.2 31.
Slide 10: Same Quarter Prior Year Comparison – Constant Currency
Financial Highlights Second Quarter 2025 Same Quarter Prior Year Comparison – Constant Currency* CONSTANT CURRENCY* USD (in millions) Revenue Operating Income Adjusted EBITDA Q2 2024 Q2 2025* Q2 2024 Q2 2025* Q2 2024 Q2 2025* EFT Processing $ 305.4 $ 324.5 $ 79.9 $ 80.5 $ 105.0 $ 105.5 % Change 6% 1
Slide 11: Business Update
Business Update Michael J. Brown| Chairman & CEO Euronet | www.euronetworldwide.com 11 121322-1
Slide 12: Q2 Comparisons
Q2 Comparisons • $1,074.3M in revenues • 18% growth in operating income • 16% growth in adjusted EBITDA • $158.6M in operating income In millions Euronet | www.euronetworldwide.com 12
Slide 13: Electronic Funds Transfer (EFT)
Business Segment Electronic Funds Transfer (EFT) Payments and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Payment Processing: Issuing, Acquiring, Real-time • Dynamic Currency Conversion, DAF, Interch
Slide 14: epay
Business Segment epay 70% of epay transactions are now fully digital involving major global brands and wallets Payments and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Payment Processing: Issuing, Ac
Slide 15: Money Transfer
Business Segment Money Transfer 29% growth in digital transactions with 55% of payouts going thru digital channels Payments and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Cross Border Payments Use Cases | Consumer and Business Payments with FX • Bill P
Slide 16: CoreCard: An acquisition to scale our digital payments offerings
CoreCard: An acquisition to scale our digital payments offerings 1 • Lever to expand our digital payments & processing offerings while further diversifying the EFT segment STRATEGIC • Opportunity to disrupt credit card issuing across fintechs and banks • Provides strong referenceable footprint in th
Slide 17: The CoreCard acquisition enforces our long-term strategy
The CoreCard acquisition enforces our long-term strategy to drive sustainable growth across large TAMs Payment and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Dynamic Currency Conversion, DAF, Interc
Slide 18: …and provides us a growth driver for continued diversification towards digital
…and provides us a growth driver for continued diversification towards digital REVENUE MIX 2019 2024 2034 7% 19% 25% 75% 81% 93% Money Transfer, epay, Payments Processing, Euronet owned ATMs and Other Euronet | www.euronetworldwide.com 18
Slide 19: CoreCard is a modern card issuer processor proven at scale
CoreCard is a modern card issuer processor proven at scale with deep expertise in the world of ‘revolving credit’… Diverse Use Cases Experienced Market Leading Marquee Clients Full Managed covering Global Management Modern Credit like Goldman Service Offering Brands, Lending, team with Card Processi
Slide 20: Addressable Opportunity
….that unlocks an addressable market in the US with a proven, referenced and built to scale platform… Modernization With no viable modern Opportunity with option, CoreCard can break legacy barriers and FIs for consumer Addressable Opportunity win banks through a low- credit cards risk adjunct strate
Slide 21: Addressable Opportunity
….and provides opportunity to accelerate growth in existing Euronet markets through long standing relationships Tap into the As regulations evolve, growing fintech fintechs will gain ground in credit in emerging markets opportunity in Addressable Opportunity - a shift we’re positioned to emerging ma
Slide 22: CoreCard Acquisition - Accelerating Digital Diversification and Scalable Growth
CoreCard Acquisition - Accelerating Digital Diversification and Scalable Growth LARGE GROWING OPPORTUNITY IN CREDIT DIVERSIFICATION TOWARDS DIGITAL Credit Issuing has a lucrative TAM in the US and in Growth driver for continued diversification of our global markets. This is where banks and non-banks
Slide 23: Summary of Q2 2025
Summary of Q2 2025 • Signed a Merger Agreement to acquire CoreCard Corporation • Announced a multi-year agreement to provide Ren to one of the top 3 banks in the US • Record consolidated second quarter revenue, adjusted operating income and adjusted EBITDA • Acquired a majority stake in Kyodai Remit
Slide 24: Appendix
Appendix Euronet | www.euronetworldwide.com 24
Slide 25: Reconciliation of Net Income to Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA Three months ended June 30, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 97.7 Add: Income tax expense 33.6 Add: Total other expense, net 27.3 Operating income (expense) 84.6 31.1 65
Slide 26: Reconciliation of Net Income to Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA Three months ended June 30, 2024 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 83.2 Add: Income tax expense 39.2 Add: Total other expense, net 11.9 Operating income (expense) $ 79.9 $ 26.
Slide 27: Reconciliation to Constant Currency Amounts by Segment
Reconciliation of Revenue, Operating Income and Adjusted EBITDA to Constant Currency Amounts by Segment Three months ended ended June 30, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Revenue $ 338.5 $ 280.1 $ 457.9 $ (2.2) $ 1,074.3 Add: Estimated foreign currency impact (
Slide 28: Reconciliation of Adjusted Earnings per Share
Reconciliation of Adjusted Earnings per Share (unaudited - in millions, except share and per share data) Three Months Ended June 30, 2025 2024 Net income attributable to Euronet Worldwide, Inc. $ 97.6 $ 83.1 Foreign currency exchange loss (gain) 5.7 (1.5) Intangible asset amortization 4.7 6.5 Share-
Slide 29: Thank you
Thank you Euronet | www.euronetworldwide.com 29