Nexi S.p.a. · MIL:NEXI
Nexi — Q1 2026 Earnings Presentation
19 slides from Nexi's earnings presentation, May 7, 2026
Slide 1: 1Q26 Results Presentation
This content is classified as Internal Title 1Q26 Results Presentation May 7th, 2026
Slide 2: Disclaimer
This content is classified as Internal Disclaimer ▪ This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on
Slide 3: 1Q26 Key highlights
1Q26 Key highlights Continued delivery of 1Q26 Revenues at +1.0% Y/Y 1Q26 EBITDA at +2.6% Y/Y profitable growth Underlying growth at +5% Y/Y Continued margin expansion Shaping Nexi for Positive traction from ISVs and direct channels Strategic initiatives well on track future profitable growth Good c
Slide 4: Nexi: a compelling equity story
Nexi: a compelling equity story Strong unique positioning Attractive financial profile ▪ Unique combination of European scale and local in market ▪ Sustainable profitable growth entrenchment ▪ Proven and predictable cash generation ▪ A critical European infrastructure, very entrenched in the local e
Slide 5: Focus on 1Q26 results
Focus on 1Q26 results
Slide 6: Resilient underlying revenue growth and solid EBITDA margin
This content is classified as Internal Resilient underlying revenue growth and solid EBITDA margin. As expected, net revenues impacted by tougher Y/Y comparison related to bank contracts effects Net revenues (€M) EBITDA (€M) +5% Y/Y underlying growth1 EBITDA margin 47.5% +73 bps 48.3% +1.0% 813.1 82
Slide 7: Merchant Solutions
This content is classified as Internal Merchant Solutions: slight revenue decrease driven by tougher Y/Y comparison related to bank contracts effects. Underlying revenues at +3% Y/Y Net revenues (€M) Managed Transactions (#M) International Schemes +3.5% As expected, volumes and revenues 55%1 impacte
Slide 8: Issuing Solutions
This content is classified as Internal Issuing Solutions: strong growth supported by healthy volumes dynamics and some favorable project phasing Net revenues (€M) Managed Transactions (#M) 34%1 International +9.9% Continued International schemes Schemes growth. National schemes sustained by +4.7% +8
Slide 9: Digital Banking Solutions
This content is classified as Internal Digital Banking Solutions: sustained revenue growth, thanks to volume growth and phasing of some initiatives Net revenues (€M) Continued volume growth thanks to 11%1 SEPA Clearing, Open banking and +2.8% Network services 89.3 86.9 Positive contribution from new
Slide 10: Revenue performance across geographies in 1Q26
This content is classified as Internal Revenue performance across geographies in 1Q26 impacted by specific effects but benefitting from Group diversification and growth engines Italy Nordics2 59%1 16%1 As expected, exceptional Performance mainly -0.4% bank contracts effects, affected by single clien
Slide 11: Strong cost performance thanks to continued operating leverage
This content is classified as Internal Strong cost performance thanks to continued operating leverage and favorable y/y phasing Total Costs (€M) Personnel Costs Total costs overall stable thanks to continued Operating Costs operating leverage and favorable y/y phasing notwithstanding volume and busi
Slide 12: 2026 guidance confirmed
This content is classified as Internal 2026 guidance confirmed Net Y/Y growth broadly in line with 2025 Revenues Merchant Solutions reaccelerating Absolute amount broadly stable, EBITDA after strategic investments ~750 €M, Excess cash1 after strategic investments and higher taxes Capital 0.30 € per
Slide 13: Q&A
This content is classified as Internal Q&A
Slide 14: Annex
This content is classified as Internal Annex
Slide 15: Group P&L
This content is classified as Internal Group P&L Δ% vs. 1Q25 1Q26 €M 1Q25 Merchant Solutions 460.4 453.8 -1.4% Issuing Solutions 265.8 278.3 +4.7% Digital Banking Solutions 86.9 89.3 +2.8% Net revenues 813.1 821.4 +1.0% Personnel Costs (199.0) (206.9) +3.9% Operating Costs (227.5) (218.0) -4.2% Tota
Slide 16: Well diversified revenue base at scale
This content is classified as Internal Well diversified revenue base both in terms of business and geography at scale, with exposure to fast growing European markets 1Q26 Revenues breakdown 1Q26 Costs breakdown by type By business By geography By type Merchant Solutions Italy Nordics1 Installed base
Slide 17: Net Financial Debt / EBITDA down to 2.5x
This content is classified as Internal Net Financial Debt / EBITDA down to 2.5x Net Financial Debt (€M) Weighted average debt maturity of ~2.8 years, Mar 25 Jun 25 Sept 25 Dec 25 Mar 26 while average pre-tax cash cost of debt remained stable at ~2.35%3 (79% fixed-rate) Gross Financial Debt 6,612 7,1
Slide 18: Debt maturities as of 1Q26
This content is classified as Internal Debt maturities as of 1Q26 Nexi Group Debt Maturity Schedule1 (€M) Term Loans Senior Notes Convertible Notes 1,741 already reimbursed in April 9002 976 50 913 1,000 1,050 1,000 926 750 500 2024 2026 2027 2028 2029 2030 2031 2032 2033 Note: (1) Expressed at nomi
Slide 19: Investor Relations
This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com