Nexi S.p.a. · MIL:NEXI
Nexi — Q1 2025 Earnings Presentation
24 slides from Nexi's earnings presentation, May 8, 2025
Slide 1: 1Q25 Results Presentation
This content is classified as Internal 1Q25 Results Presentation May 8th, 2025
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: Key messages
This content is classified as Internal Key messages Continued delivery of Shaping Nexi for Creating value for our Shareholders profitable growth future profitable growth ▪ Revenues growing at +3.7% vs 1Q24, with ▪ Continued progress on integrated payments ▪ Returning a total of ~600 €M to Merchant S
Slide 4: Focus on 1Q25 results
This content is classified as Internal Focus on 1Q25 results
Slide 5: Solid Revenue and EBITDA growth, with strong margin expansion in the quarter
This content is classified as Internal Solid Revenue and EBITDA growth, with strong margin expansion in the quarter Net Net Revenues Revenues (€M) (€M) EBITDA (€M) EBITDA margin 46% 48% + 149 bps +3.7% 810.2 781.2 +7.1% 386.9 361.4 1Q24 1Q25 1Q24 1Q25 Note: Data at constant scope and FX. 5
Slide 6: Merchant Solutions: continued growth supported by International schemes volumes
This content is classified as Internal Merchant Solutions: continued growth supported by International schemes volumes, customer base growth and value enhancing initiatives Net Revenues (€M) Managed Transactions (#M) Key Highlights International +9.6% ▪ Sustained International schemes 56%1 Schemes v
Slide 7: Issuing Solutions: growth supported by International schemes volumes and more valuable propositions
This content is classified as Internal Issuing Solutions: growth supported by International schemes volumes and success of more valuable propositions Net Revenues (€M) Managed Transactions (#M) Key Highlights 33%1 International Schemes +10.9% ▪ Sustained International schemes number and value of tra
Slide 8: Digital Banking Solutions: 1Q revenue growth, thanks to volumes and business initiatives
This content is classified as Internal Digital Banking Solutions: 1Q revenue growth, thanks to volumes and business initiatives Net Revenues (€M) Key Highlights ▪ Continued revenue growth thanks to positive volume evolution and business 11%1 initiatives despite project phasing +0.7% 86.3 86.9 ▪ Good
Slide 9: Revenue growth across geographies in 1Q25 impacted by specific phasing effects
This content is classified as Internal Revenue growth across geographies in 1Q25 impacted by specific phasing effects that offset each other at Group level 60%1 Italy 17%1 Nordics2 Key Highlights ▪ Italy: 1Q25 revenue growth supported by International schemes volume growth and +5.4% +1.5% some proje
Slide 10: Strong cost performance thanks to operating leverage, cost control and personnel efficiency
This content is classified as Internal Strong cost performance thanks to operating leverage, cost control and personnel efficiency initiatives from 2Q24 Total Costs (€M) Key Highlights Personnel Costs Operating Costs ▪ Continued organizational efficiency measures and operating leverage limiting cost
Slide 11: Continued reduction of Net Financial Debt / EBITDA, now at 2.5x
This content is classified as Internal Continued reduction of Net Financial Debt / EBITDA, now at 2.5x Net Financial Debt (€M) Key Highlights Mar 24 Jun 24 Sept 24 Dec 24 Mar 25 ▪ ~507 €M of 2025 debt maturities to be repaid with available cash in June and December 2025. ~756 €M already reimbursed i
Slide 12: Update on capital allocation and debt management
This content is classified as Internal Update on capital allocation and debt management
Slide 13: Capital allocation: plan for 2025
This content is classified as Internal Abstract from FY24 results presentation Capital allocation: plan for 2025 FY24 Excess cash generation: 717 €M (+19% y/y) FY25 Excess cash generation guidance: at least 800 €M Debt and Return to Shareholders M&A leverage reduction ▪ Commitment to maintain ▪ Goin
Slide 14: Proven ability to deleverage organically with a consistent track record
This content is classified as Internal Proven ability to deleverage organically with a consistent track record of net financial debt/EBITDA reduction Net Financial Debt / EBITDA 3.6x 2.4x 2.3x 3.3x Pre 2024 Pre 2024 3.0x Share buy-back Share buy-back 2.7x 2.5x FY21 FY22 FY23 FY24 1Q25 500 €M share b
Slide 15: Sound and disciplined approach to debt management: key recent events
This content is classified as Internal Sound and disciplined approach to debt management: key recent events Upgrade to Debt repayment EMTN Program Investment Grade and refinancing ▪ ~507 €M of 2025 debt maturities to ▪ On April 4th 2025, Nexi established a 8 rating upgrades since January 2022: be re
Slide 16: Well-balanced debt profile in terms of maturities and mix
This content is classified as Internal Well-balanced debt profile in terms of maturities and mix, with an attractive weighted average cost of debt Nexi Group Debt Maturity Schedule1 pre and post refinancing (€M) Key highlights Pre refinancing exercises2 Term Loans Senior Notes Convertible Notes Inte
Slide 17: 2025 Guidance confirmed
This content is classified as Internal 2025 Guidance confirmed Net Low-to-mid single digit y/y growth Revenues Underlying1 growth acceleration y/y EBITDA At least 50 bps expansion y/y margin Excess cash At least 800 €M generated2 Note: (1) Net of extraordinary high impacts, such as banks’ merchant b
Slide 18: Closing remarks
This content is classified as Internal Closing remarks
Slide 19: Key messages
This content is classified as Internal Key messages Continued delivery of Shaping Nexi for Creating value for our Shareholders profitable growth future profitable growth ▪ Revenues growing at +3.7% vs 1Q24, with ▪ Continued progress on integrated payments ▪ Returning a total of ~600 €M to Merchant S
Slide 20: Q&A
This content is classified as Internal Q&A
Slide 21: Annex
This content is classified as Internal Annex
Slide 22: Group normalised P&L at constant scope and FX
This content is classified as Internal Group normalised P&L at constant scope and FX 1Q24 1Q25 Δ% vs. 1Q24 €M Merchant Solutions 437.6 457.5 +4.5% Issuing Solutions 257.4 265.8 +3.3% Digital Banking Solutions 86.3 86.9 +0.7% Net revenues 781.2 810.2 +3.7% Personnel Costs (205.6) (194.5) -5.4% Operat
Slide 23: Well diversified revenue base both in terms of business and geography
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 1Q25 Revenues breakdown 1Q25 Costs breakdown by type By business By geography By type Merchant Solutions Italy Nordics1 Installed base
Slide 24: Investor Relations
This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com