Austriacard Holdings Ag · ATHEX:ACAG
Austriacard — 9M 2025 Earnings Presentation
24 slides from Austriacard's earnings presentation, Nov 13, 2025
Slide 1: Digital Technologies Forward: 9M 2025 Results Presentation
AUSTRIACARD HOLDINGS AG Digital Technologies Forward 9M 2025 Results Presentation 13 November 2025
Slide 2: Disclaimer
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 2 Disclaimer This presentation (“Presentation”) has been prepared by AUSTRIACARD HOLDINGS AG (the “Company”) solely for informational purposes and is Any securities offered by the Company have not been, and will not be, registered under the Securitie
Slide 3: Contents
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 3 Contents 01. 9M 2025 Results Highlights 02. Appendix Consolidated Financial Statements
Slide 4: Results Highlights
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 4 Results Highlights
Slide 5: Results Highlights
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 5 Results Highlights • Gross Profit I margin expansion Q3 2025 results indicate renewed growth o Favourable revenue mix towards higher-margin services/solutions and cost savings momentum • Q3 2025 adjusted EBITDA +16% vs. Q3 2024 and +109% vs. Q2 202
Slide 6: Financial Highlights | Group Consolidated
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 6 Financial Highlights | Group Consolidated Revenues adj. EBITDA Net Profit Operating Cash Flow 262.4 36.1 9.8 23.2 • Document Lifecycle Management (+11%) adj. EBITDA margin: 13.7% • Lower financial expenses (-14%) • Reduced pace of working capital b
Slide 7: Financial Highlights | Group Consolidated
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 7 Financial Highlights | Group Consolidated Leverage1 Net Debt Net Working Capital Free Cash Flow3 1.9x 91.2 77.7 11.7 • Leverage maintained at healthy levels, • Net Debt reduction vs. end-2024 (€4.4m) • Reduced pace of working capital build-up • Imp
Slide 8: Revenues: Geographic Segments
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 8 Geographic Segments €m Central Eastern Europe & DACH (CEE) W. Europe, Nordics, Americas (WEST) Türkiye, Middle East & Africa (MEA) intra-segment (CEE-MEA) Metal card sales to intra-segment (CEE-MEA) 173,9 Turkish payment card Fintech (€24m impact)
Slide 9: A well diversified Revenue mix transitioning into higher-margin, solution-led recurring Revenue
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 9 A well diversified Revenue mix transitioning into higher-margin, solution-led recurring Revenue Solutions Geographic Segments 9% 17% Group Total 51% €262m 53% 41% 31% Document Western Europe, Central Eastern Türkiye, Middle Identity & Digital Lifec
Slide 10: Group Revenues 9M 2025 bridge | Geographic segments
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 10 Group Revenues 9M 2025 bridge | Geographic segments €m 1 % change vs. 9M 2024 1 Central Eastern Europe & DACH (CEE) 303 excl. impact from Türkiye • Reduction in intra-segment revenues with MEA due to the Turkish payment 24,3 & metal card sales 3%
Slide 11: Group EBITDA 9M 2025 bridge | Geographic segments
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 11 Group EBITDA 9M 2025 bridge | Geographic segments €m 1 % change vs. 9M 2024 1 Central Eastern Europe & DACH (CEE) • Revenue decline (€24m vs. 9M 2024) 43,5 • Higher production costs (fixed or semi-fixed; +2% vs. 9M 2024) 4,4 • Cost savings in cost
Slide 12: Group Revenues 9M 2025 bridge | Solutions
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 12 Group Revenues 9M 2025 bridge | Solutions €m 1 2 % change vs. 9M 2024 2,1 1 Digital Technologies 303 10% excl. impact from Türkiye & metal card sales 3% • Public sector digitization projects in Greece: +16% vs. 9M 2024 • Card-as-a-Service: continu
Slide 13: Q3 results confirm guidance for robust growth momentum in H2 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 13 Q3 results confirm guidance for robust growth momentum in H2 2025 €m Group Revenue Group adjusted EBITDA • Document Lifecycle Management: +55% 16% • Identity & Payment: +5% 108,1 16,8 22% 14,5 109% 98,8 11,2 82,6 81,1 8,1 Q3 2024 Q1 2025 Q2 2025 Q
Slide 14: Net Working Capital; Net Debt & Leverage
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 14 Net Working Capital Net Debt & Leverage % of Revenues (12m rolling) Net Debt / adj. EBITDA (12m rolling) (x) 22,1% 110,0 1,9 1,9 110,0 2,0 100,0 18,2% 20,0% 1,7 90,0 16,0% 100,0 77,7 €m €m 15,0% 80,0 71,3 95,0 95,6 1,5 70,0 58,2 10,0% 91,2 60,0 90
Slide 15: On track to deliver a meaningful improvement vs. H2 2024
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 15 On track to deliver a meaningful improvement vs. H2 2024 Challenges faced in 9M 2025 Opportunities & Mitigants for Q4 2025 and beyond The normalization in the Turkish payment card market, due to Strong set of Q3 2025 results indicate renewed growt
Slide 16: Key medium-term Financial Targets (Investor Day, May 2025)
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 16 Key medium-term Financial Targets (Investor Day, May 2025) FY 2024 Organic Revenue CAGR 2025-2027 6−7% 9.7% Adjusted EBITDA Margin 15−17% 14.2% CAPEX as % of Revenues (per annum) 4−5% 4.4% Operating Cash Flow as % of EBITDA ̴ 60% 61% Leverage (Net
Slide 17: Appendix: Consolidated Financial Statements
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 17 Appendix Consolidated Financial Statements
Slide 18: Income Statement (Management Reporting) 9M 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 18 Income Statement (Management Reporting1) 9M 2025 9M 2024 in €m Revenues 262.4 303.5 Costs of material & mailing (131.5) (165.2) Gross profit I 130.9 138.3 Gross profit I margin 49.9% 45.6% Production costs (69.2) (64.5) Gross profit II 61.7 73.8 G
Slide 19: Group Segments 9M 2025 9M 2024
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 19 Group Segments 9M 2025 9M 2024 Corporate & Corporate & in € thousand WEST CEE MEA Total WEST CEE MEA Total Eliminations Eliminations Revenues 85,615 146,047 46,861 (16,080) 262,443 104,138 157,027 63,134 (20,806) 303,494 Intersegment revenues 1,75
Slide 20: Income Statement (IFRS) 9M 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 20 Income Statement (IFRS) 9M 2025 9M 2024 in € thousand Revenues 262,443 303,494 Cost of sales (200,779) (229,712) Gross profit 61,664 73,782 Other income 3,959 3,004 Selling and distribution expenses (16,578) (17,967) Administrative expenses (21,47
Slide 21: Income Statement (IFRS) Q3 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 21 Income Statement (IFRS) Q3 2025 Q3 2024 in € thousand Revenues 98,822 108,120 Cost of sales 73,924 83,434 Gross profit 24,898 24,686 Other income 1,477 1,019 Selling and distribution expenses (5,491) (6,117) Administrative expenses (6,793) (7,642)
Slide 22: Balance Sheet 30 September 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 22 Balance Sheet in € thousand 30 September 2025 31 December 2024 Property, plant and equipment and right of use assets 96,049 100,545 Intangible assets and goodwill 56,363 59,555 Equity-accounted investees 423 395 Other receivables 1,167 1,259 Defer
Slide 23: Cash Flow Statement 9M 2025
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 23 Cash Flow Statement in € thousand 9M 2025 9M 2024 Profit/(Loss) before tax 13,536 21,241 Adjustments for: - Depreciation, amortization and impairment 14,203 12,626 - Net finance cost 5,943 6,734 - Other non-cash transactions 1,244 2,739 34,926 43,
Slide 24: Thank you
AUSTRIACARD HOLDINGS 9M 2025 Results Presentation 24 Thank you AUSTRIACARD HOLDINGS Lamezanstrasse 4-8, 1230 Vienna, Austria www.austriacard.com Investor Relations Tel AU: +43 (1) 61065 357 Tel GR: +30 210 669 78 60 investors@austriacard.com