Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q1 2026 Earnings Presentation
16 slides from Cpi Card's earnings presentation, May 5, 2026
Slide 1: First Quarter 2026 Investor Presentation
First Quarter 2026 Investor Presentation May 5, 2026
Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward-looking statements” within the meaning of the Private Securities
Slide 3: Agenda
Agenda 1 Overview and Strategy 2 Q1 Financial Review 3 2026 Outlook 4 Summary 5 Q&A 3
Slide 4: Overview
Overview Good start to 2026; on track for full year expectations Q1 performance Revenue increased 20% to $147 million ▪ Arroweye strong contribution ▪ Strong sales of contactless cards, including metal, and personalization services Net income decreased 57%, affected by integration costs Adjusted EBI
Slide 5: Strategy
Strategy CPI is a payments technology company that provides a comprehensive range of physical and digital solutions for thousands of customers CPI’s Growth Pillars: Proprietary Technology Platform providing vast connections into the U.S. payments ecosystem Marketable Base of thousands of deep and br
Slide 6: 2026 Q1 Financial Review
2026 Q1 Financial Review £6 cpi.
Slide 7: First Quarter Financial Highlights – Segment Revenue
First Quarter Financial Highlights – Segment Revenue Secure Card Solutions Prepaid Solutions Integrated Paytech + 35% - 17% + 1% $109.9 $26.7 $19.3 $19.4 $22.0 $81.6 2025 2026 2025 2026 2025 2026 7
Slide 8: First Quarter Financial Highlights
First Quarter Financial Highlights Q1 26 Q1 25 % Change Commentary (in millions, except per share data) Revenue $ 147.1 $ 122.8 20% Revenue increase driven by the addition of Arroweye and strong growth from contactless cards and personalization Gross Profit $ 44.1 $ 40.7 8% services, partially offse
Slide 9: Balance Sheet, Liquidity, Net Leverage and Cash Flow
Balance Sheet, Liquidity, Net Leverage and Cash Flow ($ in millions) 2026 Highlights: Balance Sheet, Liquidity and Net Leverage Ratio Mar. 31, Dec. 31, Reduced ABL revolver borrowings by $10 million in the first 2026 2025 quarter Cash on hand $ 19.3 $ 21.7 Cash provided by operating activities and F
Slide 10: 2026 Outlook
2026 Outlook Good growth expected in 2026 Full-year outlook 2026 Revenue: high single-digit growth ➢ Growth expected from each segment; including 15%+ growth from Integrated Paytech Adjusted EBITDA¹: low-to-mid single-digit growth Continued investment in strategic initiatives Free Cash Flow conversi
Slide 11: Summary
Summary Good start to year; strong first quarter revenue growth On track to achieve full year outlook Strong Q1 cash flow; Net Leverage Ratio improvement Advancing long-term strategy The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission
Slide 12: Contact
Contact (877) 369-9016 investorrelations@cpicardgroup.com www.cpicardgroup.com 12
Slide 13: Visa and Mastercard U.S. Cards in Circulation
Visa and Mastercard U.S. Cards in Circulation Cards in circulation have grown at a 6% CAGR over the last three years to 2.3B, up from 1.95B 2,269 2,309 2,241 2,253 2,232 2,116 2,162 2,047 2,092 2,005 1,953 1,914 1,977 830 846 880 884 783 863 760 762 738 751 715 725 693 1,354 1,379 1,411 1,407 1,369
Slide 14: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures Three Months Ended March 31, Adjusted EBITDA and Adjusted EBITDA Margin 2026 2025 EBITDA represents earnings before interest, taxes, depreciation and amortization. Reconciliation of net income to EBITDA and Adjusted ($ in millions) Adjusted EBITDA is de
Slide 15: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures LTM Adjusted EBITDA Last Twelve Months Ended March 31, 2026 December 31, 2025 We define LTM Adjusted EBITDA as adjusted EBITDA Reconciliation of net income to LTM EBITDA and Adjusted EBITDA: ($ in millions) (defined previously) for the last twelve month
Slide 16: Supplemental Financial Measures
Supplemental Financial Measures Net Leverage Ratio As of March 31, 2026 December 31, 2025 Management and various investors use the ratio of debt Calculation of Net Leverage Ratio: ($ in millions) principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net