Hightech Payment Systems Sa · CSEMA:HPS
Hightech Payment Systems Sa — H1 2026 Earnings Presentation
30 slides from Hightech Payment Systems Sa's earnings presentation, September 2026
Slide 1: Growth accelerating and margin expansion under way
Growth accelerating and margin expansion under way H1–2026 Earnings Presentation September 2026 Feel Good about Payments
Slide 2: H1-2026 Highlights
H1-2026 Highlights HPS /
Slide 3: H1 2026, the Story behind the numbers
H1 2026, the Story behind the numbers H1 2026 in three Headlines 01 Growth accelerating: +15.1% in Q2 after +10.7% in Q1 Consolidated operating revenue of 760.6 M MAD, up +13.1% (+11.9% at constant exchange rates). Activity revenue up +16.4% to 740.9 M MAD, driven by Backlog deployment (+33.0%), a s
Slide 4: H1 2026, the Inflection Point Confirmed
H1 2026, the Inflection Point Confirmed “A progressive improvement in the EBITDA margin” — 2026 guidance, confirmed H1 2025 H1 2026 69.8 M MAD +74.7% 121.9 M MAD EBITDA margin: 10.4% EBITDA margin: 16.0% SaaS transition + exceptional FX headwinds Backlog deployment • SaaS Ramp Up • Upselling momentu
Slide 5: SaaS Acceleration
SaaS Acceleration Strong SaaS Acceleration, reinforcing predictability and scalability SaaS Revenue Accelerating SaaS Revenue In MMAD · 2022–2025 reported · 2026–2028 secured from existing contracts Major platforms entering run phase with an accelerated reported growth at 27% YoY in 2025 (vs. +15.6%
Slide 6: Payment Activity Performance
Payment Activity Performance Commercial momentum continues - H1 2026 at 3x the 2020–23 average TCV (*) in MMAD 1100 400 MMAD H 1 20 26 T CV — NEW L OG OS Avg. 2024–25: 1 000 MMAD 900 100% S IG N ED I N S aa S MO DE Avg. 2020–23: 260 MMAD 400 355 70 MMAD 250 235 OF A DD I TI ONA L A NNUA L R EC UR R
Slide 7: 2026 Guidance
2026 Guidance H1 2026 KPIs aligned with 2026 guidance 01 02 03 Organic Revenue Growth EBITDA Margin Strategic Priorities +12% to +17% Above 2025 levels Backlog to Revenue Driven by SaaS ramp-up, continued backlog Operating leverage from SaaS ramp-up, Convert record 1,672 M MAD backlog into deploymen
Slide 8: H1-2026 Financial Performance
H1-2026 Financial Performance
Slide 9: H1 2026 Highlights – Reported Figures
H1 2026 Highlights – Reported Figures H1 2026: growth accelerating, margin expanding +13.1% +15.1% +13.5% +74.7% Revenue Growth Q2 2026 Acceleration Recurring & Regular Revenue EBITDA Growth 761 M MAD consolidated 419 M MAD in Q2 2026 576 M MAD — 78% of revenues 121.9 M MAD consolidated • Consolidat
Slide 10: H1 2026 Key Figures – Reported Figures
H1 2026 Key Figures – Reported Figures Consolidated results — H1 2026 vs H1 2025 761 M MAD 121.9 M MAD 16.0% 1,729 M MAD REV ENUE EB IT DA EB IT DA MA R G IN B A CKL OG ▲ +13.1% reported ▲ +74.7% reported vs. 10.4% in H1 2025 ▲ +3.4% vs Dec. 2025 S EG M EN T P ER F ORM A NCE PAYME NT SWIT CH ING ACT
Slide 11: H1 2026 Key Figures – Double-digit growth on constant FX
H1 2026 Key Figures – Reported Figures Double-digit growth on proforma basis and constant FX (underlying growth) ⏵Reported revenue reached 761 M MAD, up +13.1% YoY. ⏵On constant FX, Group revenue reached 752 M MAD, up +11.9% YoY. © 2026 HPS. All rights reserved CONFIDENTIAL | H1-2026 Earnings Presen
Slide 12: Revenue Bridge
Revenue Bridge From H1-2025 to H1-2026 — growth driven by Upselling, SaaS and Projects +13.1% reported +11.9% underlying (excl. FX) +0.7 +3.6 -16.4 +8.4 760.6 MMAD +91.8 752.2 MMAD +1.5% +10.7% -45.5% +1.2% 672.5 MMAD +16.6% Payment: +91.8 MMAD (excl. FX), driven by Upselling (+53.8), SaaS fees (+36
Slide 13: Payment Activity Performance
Payment Activity Performance Payment revenue 653 M MAD, up +17.9% Payment revenue by nature — growth vs H1 2025 Activity revenue by geography — share of H1 2026 vs H1-25 share 21.3% of activity revenue (vs 15.6% in H1-25) Upselling +58.9% Africa 45.6% -8.2 pt share 17.4% of activity revenue (vs 14.9
Slide 14: Australian SaaS platform live and expanding
Payment Activity Main Achievement Australian SaaS platform live and expanding 10.5 M USD 6.7 M USD 17.2 M USD Q2 2026 ANNUA L Sa aS FEE — DEBIT AT FUL L M IGRAT ION ANNUA L Sa aS FEE — C REDIT A T C URRENT VOL UMES TOT AL ANNUA L SaaS FEE A T FULL RAM P-UP DEBIT PL ATFORM WE NT LIVE T I E R - 1 B A
Slide 15: Malaysia opened for local delivery and support to Tier-1 programs
Payment Activity Main Achievement Malaysia opened for local delivery and support to Tier-1 programs 15 +1,500 Malaysia OFFIC ES WORL DWIDE INTE RNAL FTE s NEWEST OFFIC E — OP ENE D IN 20 26 O F FI C E S & I NT E R NA L FT E s B Y R E GI O N · WE S T T O E A S T A ME R I CA S E UR O P E A FR IC A M I
Slide 16: Switching Activity Performance
Switching Activity Performance Revenue 49.2 M MAD (+1.5%) • Q2 2026 revenue broadly stable year on year 49.2 M MAD +1.5% 6.6% Stable H1 2026 revenue Revenue growth Share of activity revenue Q2 2026 revenue year on year Growth Drivers Platform Reliability & Security New Services & Innovation Transact
Slide 17: Switching Activity Performance: volume growth
Switching Activity Performance Volume growth remains in line with historical trends A VER AG E A N NU AL GR OWT H O V ER 4 Y EA RS Total transactions processed (in millions) +21.1% POS payments ATM withdrawals E-commerce 434.8 +16.6% 362.6 64.8 +21.8% 292.8 53.2 249.0 +15.9% 111.0 +20.5% 44.1 95.8 2
Slide 18: Switching Activity Performance: rate adjustment timing
Switching Activity Performance +1.5% reflects a change in the timing of rate adjustment, not a slowdown 49.2 M MAD +1.5% 6.6% ∼ +15% H1 2 02 6 REV ENU E H1 2 02 6 REP O RTED GRO WTH SHA RE OF AC TIV ITY REVE NU E EXP EC TED F ULL -Y EA R 2 02 6 GRO WTH H O W S W I T C H P R ICIN G W O R K S — A N D
Slide 19: Backlog
Backlog Backlog 1,729 M MAD (+3.4%) • visibility enhanced, quality of mix improving 1,729 M MAD +3.4% 69% 1.1x BA CKL OG A T END-JU NE 2 026 VS DECE MBE R 20 25 REGUL AR & REC URRING (6 7% DEC -25 ) FY-20 25 REV ENUE C O VERED B A CK L OG E V O L UT I O N · M M A D C OM P O S IT IO N B Y NA T U R E
Slide 20: H1 2026 Profit & Loss
H1 2026 Profit & Loss Revenue +13.1%, costs +6.0%, EBITDA +74.7% © 2026 HPS. All rights reserved CONFIDENTIAL | H1-2026 Earnings Presentation 20
Slide 21: EBITDA Bridge
EBITDA Bridge Revenue +79.7 M MAD absorbing +35.0 M MAD of costs +74.7% reported · margin 16.0% +64.1% excl. FX · margin 10.4% → 15.2% +79.7 -20.0 +1.6 -4.1 -16.7 +7.4 121.9 +5.0% -5.6% +36.1% +4.2 114.5 16.0% +6.1% +11.8% -20.6% 15.2% 69.8 +11.9% 10.4% Operating leverage: revenue up +11.9% excl. FX
Slide 22: Margin Expansion driven by Operating Leverage
Margin Expansion driven by Operating Leverage Costs up +6.0% against revenue up +13.1% — growth investments funded while the margin expands by 5.6 points C O ST D R IV E R S H 1 20 26 · IN M M AD E BITD A P E RFOR MA N CE H1 20 26 HR Costs 423.1 +5.3% 66% of total costs EBITDA H1 2025 Margin: 10.4%
Slide 23: Cash Flow & Financial Structure
Cash Flow & Financial Structure Cash generation of 61.2 M MAD before working capital 61.2 M MAD 3.7 M MAD 11.7 M MAD 234.0 M MAD CAS H F LO W FR O M OP ER AT IO N S N ET C ASH FR O M O PE R AT IN G ACT I VI T IE S CAPI T AL E XPE N DIT U RE CAS H AT 30 JU NE 2026 C AS H B R I D GE · 31 D E C 20 25 T
Slide 24: 2026 outlook
2026 outlook HPS /
Slide 25: 2026 Guidance — Confirmed
2026 Guidance — Confirmed Aligned with AccelR8: Continued execution of our strategic plan 01 02 03 Organic Revenue Growth EBITDA Margin Strategic Priorities +12% to +17% Progressive Backlog to improvement Revenue Confirmed after +13.1% growth in H1 Gradual improvement versus H1 2025. Convert the 1,7
Slide 26: H2 2026 Outlook — main drivers
H2 2026 Outlook — main drivers Four key levers supporting full-year 2026 growth and margin expansion 01 02 03 04 SaaS Ramp-Up Acceleration Backlog Deployment Margin Expansion Cash Conversion +25.3% 1,729 M MAD 16.0% 61.2 M MAD SaaS royalties growth in H1 2026 backlog at end-June 2026 H1 2026 EBITDA
Slide 27: Key Takeaways
Key Takeaways 01 Growth accelerating — revenue +13.1%, with Q2 at +15.3% Consolidated operating revenue of 760.6 M MAD (+11.9% at constant exchange rates) and activity revenue up +16.4% to 740.9 M MAD, driven by the Payment business (+17.9%) and Upselling momentum (+59.7%). 02 Operating leverage del
Slide 28: Disclaimer
Disclaimer HPS /
Slide 29: Disclaimer about forward looking statements
Disclaimer about forward looking statements This presentation (“Presentation”) has been prepared by Hightech Payment Systems S.A. (”HPS” or the “Company”). This Presentation may contain forward-looking statements within the meaning of applicable Moroccan securities laws, including, but not limited t
Slide 30: www.hps-worldwide.com
www.hps-worldwide.com HPS /
Hightech Payment Systems S.A. (HPS) — H1 2026 Earnings Presentation on 6ix