Worldline Sa · EURONEXT:WLN
Worldline Sa — Worldline Sa Ord — Q1 2026 Earnings Presentation
21 slides from Worldline Sa's earnings presentation, Apr 28, 2026
Slide 1: Q1 2026 Revenue
Q1 2026 Revenue April 28th, 2026
Slide 2: Disclaimer
Disclaimer “This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These
Slide 3: Agenda
Agenda 01 Q1’26 02 Q1’26 Revenue Srikanth Seshadri Snapshots CFO Pierre-Antoine Vacheron CEO 03 Execution Pierre-Antoine Vacheron 04 Appendices CEO Q1 2026 Revenue - Worldline - 3
Slide 4: Q1'26 Snapshots
Q1’26 Snapshots Focusing on Scope and Financial Q1 in line operational foundations performance Q1 2026 Revenue - Worldline - 4
Slide 5: Q1'26 Snapshots
Q1’26 Snapshots Pierre-Antoine Vacheron Chief Executive Officer Q1 2026 Revenue - Worldline - 5
Slide 6: Scope and financial foundations in place
Scope and financial foundations in place Successfully completed our Geographic refocus and €500M capital increase, Anchor shareholding portfolio pruning completed including a rights issue of €392M BPI France, 10.3% Credit Agricole SA, 10.2% Australia and New Zealand 121% take-up rate on Rights dives
Slide 7: Q1'26 with contrasting dynamics across Go To Markets
Q1’26 with contrasting dynamics across Go To Markets Fully pruned revenue1 : €831M (0.5)% organic Published revenue2 : €924M (1.5)% organic Merchant Services : turnaround progressing Financial Services : rebuilding growth potential SMB Enterprise Global Commerce • Impacted by contract terminations
Slide 8: Q1'26 revenue
Q1’26 revenue Srikanth Seshadri Group CFO Q1 2026 Revenue - Worldline - 8
Slide 9: Pruning program now over
Pruning program now over Non-core MeTS Cetrel payment Non-synergetic WL North Payment WL JV ANZ WL New payment America IQ MS India Worldline Zealand Net proceeds expected at €590 - 640M - Expected closing dates Q1 2026 Q2 2026 H2 2026 PaymentIQ MeTS WL MS India WL NA Cetrel JV ANZ WL WL NZ Q1 2026 R
Slide 10: Divestments of Pacific activities
Divestments of Pacific activities ANZ Worldline JV in Australia Worldline New Zealand Acquisition by ANZ1 Exclusive negotiations with Cuscal1 Established merchant acquiring player Leading payments service provider and servicing SMB and Enterprise in Australia infrastructure in New Zealand c. €107M E
Slide 11: Revenue in line with expectations
Revenue in line with expectations Q1 2026 Group Revenue fully pruned1 In € million Q1 2026 Q1 2025 Organic growth Organic growth (NNR) Merchant Services 652 642 +1.6% (0.7%) Financial Services 179 193 (7.4%) (7.6%) Worldline 831 835 (0.5%) (2.7%) Q1 2026 Group Revenue published2 In € million Q1 2026
Slide 12: Merchant Services
Merchant Services Key highlights Q1’26 Commercial wins / upsells Q1’26 revenue at €652M / 1.6% organic growth / / (0.7)% NNR organic growth fully Global Commerce pruned SMB • Growth in acquiring revenue offset by decrease in acceptance • Churn stable, despite impact of convergence to GoPay on line p
Slide 13: Financial services
Financial services Key highlights Q1’26 Commercial wins / upsells Q1’26 revenue of €179M / (7.4)% organic decline fully pruned Revenue impacted by legacy contract terminations. Commercial momentum building, with financial contribution of recent wins and developments expected to materialize Wero solu
Slide 14: Balance sheet strengthening completed
Balance sheet strengthening completed CMD WL New Zealand WL India divestment Cash RCI End of Rights Issue New strategic plan and divestment Reverse share split Signed €108M received 121% take-up rate financial trajectory Signed 6/11/2025 08/1/2026 25/2/2026 2/3/2026 10/3/2026 12/3/2026 31/3/2026 2/4
Slide 15: Confirming fully pruned 2026 outlook
Confirming fully pruned 2026 outlook Revenue Adj EBITDA Free cash flow Reported leverage Low single digit €630M-€650M €(80)M-€(70)M <2x organic growth Q1 2026 Revenue - Worldline - 15
Slide 16: Execution
Execution Pierre-Antoine Vacheron Chief Executive Officer Q1 2026 Revenue - Worldline - 16
Slide 17: Executing at pace
Executing at pace Operational Performance North Star 2030 Innovation Capacity • Stable SME churn – monthly • Most European wallets • Wopa Platform fully NPS monitored in each available (Bizum, Twint, migrated in Q1 2026 geography Blik), incl Wero in Germany • 68% Ogone migration to and Belgium. Supp
Slide 18: In closing…
In closing… Strong foundations in Moving execution the core European Strong balance sheet forward scope Q1 2026 Revenue - Worldline - 18
Slide 19: Appendices
Appendices Q1 2026 Revenue - Worldline - 19
Slide 20: Q1'26 Acquiring MSV development
Q1’26 Acquiring MSV development + 3.5% y/y acquiring MSV1 in Q1’26 ACQUIRING MSV (€M)* (acquiring instore and online +7% y/y transactions on Axis +16% y/y Ogone online acceptance transactions 2023 2024 2025 2026 * Rolling 3-week average transaction volumes in euro millions on acquiring activities, p
Slide 21: NR to NNR bridge and impacts on revenue
NR to NNR bridge and impacts on revenue Q1 2026 Group Revenue published2 Schemes & Q1 2026 Schemes & Q1 2025 OG% OG% Q1 In € million Q1 2026 Q1 2025* Partners fees Net Net Partners fees Net Net Q1 Net Net Merchant Services 742 (217) 524 741 (210) 532 +0.0% (1.4%) Financial Services 182 (2) 180 197 (