Austriacard Holdings Ag · ATHEX:ACAG
Austriacard — H1 2026 Earnings Presentation
28 slides from Austriacard's earnings presentation, Aug 26, 2026
Slide 1: H1 2026 Results Presentation
H1 2026 Results Presentation 26 August 2026 Building on trust. Growing digitally.
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) has been prepared by AUSTRIACARD HOLDINGS AG (the “Company”) solely for informational purposes and is Any securities offered by the Company have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United i
Slide 3: Contents
Contents 4. Results Highlights 17. About Us 21. Appendix Consolidated Financial Statements AUSTRIACARD HOLDINGS H1 2026 Results Presentation 3
Slide 4: Results Highlights
Results Highlights AUSTRIACARD HOLDINGS H1 2026 Results Presentation 4
Slide 5: H1 2026 at a glance
H1 2026 at a glance • Revenues +14% vs. H1 2025 o Accelerated y-o-y revenue growth in Q2 (+20% vs. +8% in Q1) Growth momentum returns as • EBITDA +10% vs. H1 2025 o One-off costs (SOP, LTI, DNP offer), outsourcing costs (Greek guided • EBITDA excl. one-offs +14% vs. H1 2025 public sector digitizatio
Slide 6: P&L Highlights
P&L Highlights Revenues EBITDA Net Profit 186.6 19.4 5.8 • Digital Technologies +93% • Revenue growth (+14%) • EBIT growth (+22%) o Public sector digitization projects in Greece (c€14m • EBITDA margin contraction (40bps) to 10.4% revenue increase) o Gross Profit I margin 100bps contraction to 45.9%;
Slide 7: Revenue growth momentum accelerated in Q2
Revenue growth momentum accelerated in Q2 Group Revenues Group EBITDA Q2 2026 EBITDA % y-o-y change EBITDA margin excl. one-offs €m €10.2m 20% 26% 8% 11% 9% Key Performance Drivers in H1 2026 • Digital Technologies (accelerated implementation of contracted public sector digitization projects in Gree
Slide 8: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights Net Working Capital Operating Cash Flow CAPEX1 Leverage (Net Debt2 / EBITDA) 89.2 (9.3) 12.3 2.1x • Trade & Other receivables increase (€26m): public sector digitization projects in Greece, Investments to support future growth • Working capital build-up is funded
Slide 9: Net Working Capital H1 2026 bridge
Net Working Capital H1 2026 bridge Working capital build-up attributed to project billing timing (i.e. increased capital tied up in project execution) and revenue mix effects No structural weakening in the underlying working capital management Management anticipates a significant underlying improvem
Slide 10: Solid Revenue growth across all Segments
Solid Revenue growth across all Segments WEST & ΜΕΑ the clear outperformers €m Central Eastern Europe & DACH (CEE) W. Europe, Nordics, Americas (WEST) Türkiye, Middle East & Africa (MEA) Revenues 7% 23% 26% EBITDA margin EBITDA 16% 48% 124% Note: all amounts and percentages presented herein are roun
Slide 11: Group Revenues H1 2026 — Geographic segments
Group Revenues H1 2026 — Geographic segments 1 Central Eastern Europe & DACH (CEE) % change vs. H1 2025 • Digital Technologies: +91% vs. H1 2025 3 o accelerated implementation of public sector digitization projects in Greece (c€14m 14% revenue increase vs. H1 2025) 2 • Identity & Payment solutions:
Slide 12: Group EBITDA H1 2026 — Geographic segments
Group EBITDA H1 2026 — Geographic segments % change vs. H1 2025 1 Central Eastern Europe & DACH (CEE) 3 • Gross Profit -6% vs. H1 2025 2 10% o Cost of sales (+11%): higher outsourcing costs (Greek public sector digitization projects) and margin pressure in Document Lifecycle solutions (Romania) €m 1
Slide 13: Group Revenues H1 2026 — Solutions
Group Revenues H1 2026 — Solutions % change vs. H1 2025 2 3 1 Identity & Payment solutions 14% • Payment solutions: +11% vs. H1 2025 o Cards issuance (+11%), cards personalization (+13%), distribution of personalized cards (fulfillment) (+23%) €m 10% • Identity solutions: +33% vs. H1 2025 1 o MEA bu
Slide 14: Digital Technologies
Digital Technologies A key growth contributor with a series of technologically advanced solutions, anchored by a solid, contracted pipeline of large-scale Greek Public Sector Digital Transformation projects % of Group Revenues Greek Public Sector Digital Transformation €m Awarded Projects To Date CA
Slide 15: Shifting Revenue Mix
Shifting Revenue Mix More higher-margin Solutions and Services Solutions1 Geographic Segments2 H1 2026 H1 2025 €187m €164m Document Western Europe, Central Eastern Identity & Digital Türkiye, Middle Lifecycle Nordics, Americas Europe & DACH Payment Technologies East & Africa (MEA) Management (WEST)
Slide 16: FY2026 Outlook
FY2026 Outlook Opportunities for 2026 and beyond Strategic initiatives to drive sustainable margin enhancement and earnings growth: Digital Technologies, Trusted digital Identity & Payment solutions Robust revenue pipeline Solid backlog of customer onboardings in WEST Roll-out (i) Card-as-a-Service
Slide 17: About Us
About Us AUSTRIACARD HOLDINGS H1 2026 Results Presentation 17
Slide 18: A global applied technology company, powering secure digital transformation globally
A global applied technology company, powering secure digital transformation globally FY2025 Financial Highlights Global provider of Identity & Payment, Document Lifecycle Revenues EBITDA Net Profit Management, and Digital Technology solutions €360m €49m €16m Focused on driving digital transformation
Slide 19: A platform built for scale with a proven track record of growth
A platform built for scale with a proven track record of growth Revenues CAGR EBITDA CAGR Net Profit CAGR 2022-25 2022-25 2022-25 +5% +16% +50% €m EBITDA margin All financial information is based on 2025 Annual Financial Report and previous years’ Annual Financial Reports Note: all amounts and perce
Slide 20: A global footprint across EMEA and the US
A global footprint across EMEA and the US 10 manufacturing hubs across strategic markets Key operational presence Identity & Personalization Document Facility Payment Centre Lifecyle Andorra ✅ Austria ✅ ✅ Greece ✅ ✅ Poland ✅ Romania ✅ ✅ ✅ Spain ✅ Türkiye ✅ UK ✅ ✅ US ✅ Sales Offices Norway, Czech Rep
Slide 21: Appendix
Appendix Consolidated Financial Statements AUSTRIACARD HOLDINGS H1 2026 Results Presentation 21
Slide 22: Income Statement (IFRS) H1 2026 H1 2025
Income Statement (IFRS) in € thousand H1 2026 H1 2025 Revenues 186,550 163,621 Cost of sales (144,679) (126,854) Gross profit 41,871 36,766 Gross profit margin 22.4% 22.5% Other income 2,901 2,482 Selling and distribution expenses (12,487) (11,087) Administrative expenses (16,746) (14,682) Research
Slide 23: Income Statement (IFRS) Q2 2026 Q2 2025
Income Statement (IFRS) in € thousand Q2 2026 Q2 2025 Revenues 97,141 81,055 Cost of sales (76,788) (63,821) Gross profit 20,353 17,234 Gross profit margin 21.0% 21.3% Other income 1,848 1,290 Selling and distribution expenses (6,566) (5,618) Administrative expenses (9,522) (7,551) Research and deve
Slide 24: Group Segments H1 2026
Group Segments H1 2026 H1 2025 Corporate & Corporate & in € thousand CEE WEST MEA Total CEE WEST MEA Total Eliminations Eliminations Revenues 100,715 65,591 20,244 0 186,550 95,878 51,452 16,290 0 163,621 Intersegment revenues 10,781 1,662 298 (12,741) 0 8,080 3,232 24 (11,336) 0 Segment revenues 11
Slide 25: Balance Sheet
Balance Sheet in € thousand 30 June 2026 31 December 2025 Property, plant and equipment and right of use assets 98,144 96,022 Intangible assets and goodwill 57,859 57,609 Equity-accounted investees 0 423 Other receivables 1,081 1,098 Deferred tax assets 4,294 3,865 Non-current assets 161,378 159,016
Slide 26: Cash Flow Statement
Cash Flow Statement in € thousand H1 2026 H1 2025 Profit/(Loss) before tax 7,822 3,833 Adjustments for: - Depreciation, amortization and impairment 9,524 9,587 - Net finance costs 2,076 4,251 - Other non-cash transactions 39 187 - Cash settlement of Management participation program (2,585) 0 16,877
Slide 27: Reclassification of Revenues by Solution
Reclassification of Revenues by Solution From Q1 2026 onwards revenues associated with Identity & Payment solutions include revenues related to the distribution services of personalized cards (fulfillment), which were previously classified within Document Lifecycle Management. This reclassification
Slide 28: AUSTRIACARD HOLDINGS contact details
AUSTRIACARD HOLDINGS Lamezanstrasse 4-8 1230 Vienna, Austria www.austriacard.com Investor Relations Tel AU: +43 (1) 61065 357 Tel GR: +30 210 669 78 60 investors@austriacard.com AUSTRIACARD HOLDINGS H1 2026 Results Presentation 28