W.a.g. Payment Solutions Plc · LSE:EWG

W.a.g. Payment Solutions — Eurowag — Investor Presentation (September 2025)

29 slides from W.a.g. Payment Solutions's investor presentation, September 2025

Slide 2: Disclaimer
Disclaimer This presentation comprises certain written materials/slides prepared by W.A.G payment solutions plc (the Company) for the purposes of the Company’s investor relations presentation. This document, its contents and the presentation may not be copied, distributed, published, reproduced or p
Slide 4: Trucking is an essential pillar of the economy
Trucking is an essential pillar of the economy Transport split as % share European CRT Trucks in gross tonne km 6% € 9m Heavy commercial vehicles – International 10% - 15% • >12 tonne 19% • ~130,000km p.a. mileage 75% >9m ~5% ~20m Heavy commercial vehicles – Domestic Commercial of European CRT2 rela
Slide 5: The CRT industry needs a digital and operational transformation
The CRT industry needs a digital and operational transformation Low Low Environmental Analogue Complex Fragmented Constrained profitability utilisation impact <13% 30+ >90% Limited 3-5% 20% >9% of road transport administrative tasks of operators are access to finance margins of greenhouse gas trucks
Slide 6: Eurowag is a leading pan-European integrated payment and mobility platform
Eurowag is a leading pan - European integrated Founded Employees Countries of operation payment and mobility platform focused on the commercial road transport industry. 1995 ~1,900 24 Alternative Active trucks Fuel stations fuel stations 313k ~15.5k ~2.5k Countries EETS1 licensed Countries offering
Slide 7: Putting the customer at the centre of all our decisions
Putting the customer at the centre of all our decisions Customer’s needs to operate Customer survey 2025; customer’s top needs • Securing Revenues • Cost Control & Boost Profits Owner • Business Oversight 1. Real - time cost estimation • Simplicity & Ease of Use to manage cash flow • Support & Risk
Slide 8: Connecting the CRT industry together into one transparent digital ecosystem
Connecting the CRT industry together into one transparent digital ecosystem Fragmented CRT1 ecosystem Original Shippers, Freight Energy Finance & Regulators Roadside service equipment forwards & Load & toll payments insurance & authorities providers manufacturers platforms Creating transparency Fair
Slide 9: Where many become one
Where many become one Ew EUROWAG jl WebEye Drivitty Depecerx PY Tain. gto CWS CSygic este mf K| KomTeS fireTMS RAEMON TAX @s)PRINCIP dAldobec “ue Office EUROWAG
Slide 10: Building a technology platform; enabling us to scale
Building a technology platform; enabling us to scale Direct Indirect Digital • Office Web Portal • Office App • Navigation • Transport management • Financing and Payments • Fleet management • Tax • Work time management • Toll • Customer data base • Ordering services • Reporting • Pricing services •
Slide 11: Eurowag Office
Eurowag Office Mission critical services End-to-end digital platform integrated into one platform and its front ends Energy and decarbonisation as a service Toll Fleet operation Desktop app Mobile app for owners and dispatchers Financing Financial services Back-office services Cockpit app in new tru
Slide 12: Dashboard
Dashboard Map Finance Payments f Fleet Transports Insights and reports. Settings Store FY 2025 priorities: 1. Energy 2. Toll Product and customers “ Product and migration customers migration 3. Roll out 4. Digital of eWallet onboarding Digital payments F Effortless start, made easy full control 5. M
Slide 13: Eurowag Office long-term roadmap
Eurowag Office long - term roadmap 2026+ 4 Scale and expand Acquire and engage 2025 3 Expanded platform capabilities through digital through integrated customer Platform development journeys, loyalty programs 2024 2 Group FMS customers & initial rollout and dynamic pricing engagement and migration F
Slide 15: H1 2025 financial highlights
H1 2025 financial highlights Continued double-digit growth; net leverage middle of our guidance range Net revenue Adj. cash EBITDA 1,2 Adj. PBT 1 +15.0% +14.1% +28.4% €162.2m €49.2m €27.8m Margin 30.4% Adj. EPS 1 Capitalised R&D Net leverage 3 +16.3% +4.9% 2.0x 2.92c €17.9m (H1 24: €17.0m) FY 2024:
Slide 16: Consistently delivering strong double-digit growth
Consistently delivering strong double - digit growth Net revenue growth (€m) Adj. cash EBITDA1 (€m) Margin 27.1% 24.7% 28.1% 30.3% 30.6% 30.4% CAGR +24.1% 292.5 88.7 CAGR +28.8% 256.5 78.4 72.0 63.5 +15.0% 190.9 +14.1% 47.1 24.4 162.2 153.1 46.0 49.2 31.6 141.0 47.2 14.4 39.5 43.2 Mobility 41.5 25.7
Slide 17: Strong growth and revenue contribution from payment solutions
Strong growth and revenue contribution from payment solutions Total payment Total mobility (€m) Total Group solutions solutions Net revenue +22.7% +7.8% Core CRT growth +4.9% incl. Non - CRT 1 +15.0% Net revenue 60% 40% contribution +50.3% +9.9% +3.7% +4.4% +14.4% +8.9% +11.4% 11.7 1.0 0.4 0.8 0.4 0
Slide 18: Adjusted cash EBITDA; strong focus on cost & capex management
Adjusted cash EBITDA; strong focus on cost & capex management Margin 30.6% 29.1% 30.4% (€m) +14.1% 21.2 0.6 Commercial settlement (8.0) 49.2 (4.7) (0.9) 2.2 • Increased headcount to 41.0 support the business • 5.4% salary inflation +20.0% H1 24 Adjusted Revenue Credit Employee Technology expenses Ca
Slide 19: Building a technology platform that will enable us to scale
Building a technology platform that will enable us to scale Capital expenditure (€m) H1 2025 integration and transformation Capitalised R&D +4.9% to €17.9m (H1 50.9 2024: €17.0m), expect higher in H2 Infrastructure 3.1 46.0 OBUs +140% to 32,300 units; enabling 8.5 3.8 growth in Toll and other data s
Slide 20: Strong cash generation; leverage back to middle of our target range
Strong cash generation; leverage back to middle of our target range (€m) Net leverage Net leverage 2.3x Free cash: €60.1m (H1 24: €50.0m ) 2.0x 275.5 20.9 2.8 2.4 244.6 9.2 3.1 6.3 (63.9) (0.9) (10.7) FY 2024 Adjusted Non-cash items Tax Net Working Adjusting items Capital Lease Other H1 2025 net deb
Slide 21: Balanced capital allocation reflecting Eurowag's priorities
Balanced capital allocation; reflecting Eurowag’s priorities • Continue to invest in the platform and realising operational efficiencies; driving double digit net revenue growth, Organic growth improved margins and strong cash generation • Capitalised R&D below the cap level of €50m1 • H1 2025 2.0x
Slide 22: FY 2025 guidance reiterated; medium-term guidance updated for new LTIP
FY 2025 guidance reiterated; medium - term guidance updated for new LTIP FY 2025 Net revenue Low-teen net revenue growth Outlook The value creation from the new FY 2025 margins in-line with FY24 integrated platform combined with margins excluding the non-cash impact Adjusted on adj. EBITDA from new
Slide 24: Revenue model
Revenue model Payment solutions Mobility solutions Re-occurring transaction-based revenue streams Recurring subscription and other fee-based revenue streams Energy payments # of transactions Transport Fleet Work time (x) management management management average units per transaction (x) Subscription
Slide 25: Good control on working capital despite revenue growth
Good control on working capital despite revenue growth Working capital movement1 (€m) Gross revenue (€bn)3 600 10% 3.7 8% 400 3.4 6% 3.2 4% 1.5 200 1.0 2.5 1.1 2% 2.1 2.0 0 0% 0.9 2.0 1.9 aa 0.7 -2% 1.5 0.8 0.7 0.8 (200) -4% 0.6 2.4 2.1 2.2 -6% 1.6 (400) 1.4 1.3 1.1 1.2 -8% 0.9 (600) -10% FY 2018
Slide 26: Debt profile
Debt profile Updated debt amortisation profile (€m) Club finance agreement1 amended to extend maturity to 2029 and reduce term loan amortisation • Facility A: €150m amortising facility with quarterly repayments plus a €57.5m balloon • Facility B: €180m amortising facility with quarterly repayments p
Slide 27: Net revenue geographical split
Net revenue geographical split 2% Southern Cluster Central Cluster Czech Republic 13% Poland 23% Other Central Cluster 15% 19% Portugal 27% w 27% 15% Other Western Cluster 14% 13% Romania 6% 14% 4% Other Southern Cluster 5% 12% 5% Not specified Western Cluster Note: Percentage represents proportion
Slide 28: Track record of consistent growth
Track record of consistent growth Active trucks Av. number of products per (000’s) truck +14% 2.8 313 2.7 302 2.6 297 2.5 275 Net Promoter Score +4pts (Pts) Dec-23 Jun-24 Dec-24 Jun-25 43 Dec-23 Jun-24 Dec-24 Jun-25 41 40 39 Dec-23 Jun-24 Dec-24 Jun-25 Copyright ©2023 W.A.G. Payment Solutions 28

Eurowag — Investor Presentation (September 2025) on 6ix

W.a.g. Payment Solutions — Eurowag — Investor Presentation (September 2025)

Slide 1: Investor Presentation September 2025

Slide 2: Disclaimer

Slide 3: Transforming the European CRT industry

Slide 4: Trucking is an essential pillar of the economy

Slide 5: The CRT industry needs a digital and operational transformation

Slide 6: Eurowag is a leading pan-European integrated payment and mobility platform

Slide 7: Putting the customer at the centre of all our decisions

Slide 8: Connecting the CRT industry together into one transparent digital ecosystem

Slide 9: Where many become one

Slide 10: Building a technology platform; enabling us to scale

Slide 11: Eurowag Office

Slide 12: Dashboard

Slide 13: Eurowag Office long-term roadmap

Slide 14: Financial results

Slide 15: H1 2025 financial highlights

Slide 16: Consistently delivering strong double-digit growth

Slide 17: Strong growth and revenue contribution from payment solutions

Slide 18: Adjusted cash EBITDA; strong focus on cost & capex management

Slide 19: Building a technology platform that will enable us to scale

Slide 20: Strong cash generation; leverage back to middle of our target range

Slide 21: Balanced capital allocation reflecting Eurowag's priorities

Slide 22: FY 2025 guidance reiterated; medium-term guidance updated for new LTIP

Slide 23: Appendix

Slide 24: Revenue model

Slide 25: Good control on working capital despite revenue growth

Slide 26: Debt profile

Slide 27: Net revenue geographical split

Slide 28: Track record of consistent growth

Slide 29: Contact us for further details