Austriacard Holdings Ag · ATHEX:ACAG
Austriacard — Shareholder Meeting (June 2026)
39 slides from Austriacard's shareholder meeting presentation, Jun 22, 2026
Slide 1: Annual General Meeting 22 June 2026
Annual General Meeting 22 June 2026 Building on trust. Growing digitally.
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) has been prepared by AUSTRIACARD HOLDINGS AG (the “Company”) solely for informational purposes and is Any offer or sale of securities to QIBs in the United States will be made only pursuant to an applicable exemption under the Securities Act and in inten
Slide 3: FY2025 Results
FY2025 Results AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 4
Slide 4: FY2025 Results at a Glance
FY2025 Results at a Glance • H2 performance confirms the growth o Favourable revenue mix (higher-margin services & solutions) Momentum restored: a decisive H2 trajectory signaled in Q2 & Q3 results and cost optimisation drive EBITDA margin expansion recovery validates our strategy • H2 2025 adj. EBI
Slide 5: P&L Highlights
P&L Highlights Revenues EBITDA Net Profit 360.2 48.8 16.2 • Digital Technologies (+25%) • Favourable revenue mix (growing contribution of • Lower net financial expenses (-7%) • Document Lifecycle Management (+4%) higher-margin services & solutions) supports Gross • EBITDA reduction (-6%) Profit I ma
Slide 6: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights Net Working Capital Operating Cash Flow Free Cash Flow1 Leverage2 74.2 39.7 22.5 1.6x • Reduced pace of working capital build-up • Strong operating cash flow generation • Improved leverage vs. FY2024 driven by net • Disciplined focus on improving inventory manage
Slide 7: Shifting Revenue Mix: More higher-margin Solutions and Services
Shifting Revenue Mix More higher-margin Solutions and Services Solutions Geographic Segments 9% FY2025 FY2024 17% €360m €392m 7% 20% 27% 29% 57% 56% 66% 33% 62% 34% Document Western Europe, Central Eastern Identity & Digital Türkiye, Middle Lifecycle Nordics, Americas Europe & DACH Payment Technolog
Slide 8: Q1 2026 Results
Q1 2026 Results AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 9
Slide 9: Q1 2026 Results at a Glance
Q1 2026 Results at a Glance • Revenues +8% vs. Q1 2025 o Revenue growth & growing contribution from higher-margin A solid opening quarter in 2026 with • EBITDA +11% vs. Q1 2025 services & solutions drive EBITDA margin expansion (+30bps) double digit EBITDA growth o Q1 delivers the evidence that our
Slide 10: P&L Highlights
P&L Highlights Revenues EBITDA Net Profit 89.4 11.5 4.1 • Digital Technologies +83% • Revenue growth and favourable revenue mix (growing • EBIT growth +18% o accelerated implementation of large-scale, public sector contribution of higher-margin services & solutions) • Lower interest costs -11% (loan
Slide 11: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights Net Working Capital Operating Cash Flow CAPEX1 Leverage2 91.1 (7.5) 3.9 1.9x • Contract assets increase (€8m): contracted public sector digitization projects in Greece are • Digital Technologies: GaiaB™, CaaS, public • Temporary working capital-related cash invoi
Slide 12: FY2026 Outlook
FY2026 Outlook Opportunities for 2026 and beyond Strategic initiatives to drive sustainable margin enhancement and earnings growth: Digital Technologies, Trusted digital Identity & Payment solutions Robust revenue pipeline Solid backlog of customer onboardings in WEST Roll-out (i) Card-as-a-Service
Slide 13: Voluntary Takeover Offer by DNP
Voluntary Takeover Offer by DNP AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 14
Slide 14: Voluntary Takeover Offer by Dai Nippon Printing Co. Ltd (DNP)
Voluntary Takeover Offer by Dai Nippon Printing Co. Ltd (“DNP”) o Offer values AUSTRIACARD’s entire issued share capital at approx. €364m DNP has published an all-cash voluntary o Approx. 20-24% premium1 to last closing prices on May 12 (prior to announcement) Key Offer Terms public takeover offer a
Slide 15: High Level Timeline of DNP's Voluntary Takeover Offer
High Level Timeline of DNP’s Voluntary Takeover Offer June July August September October November December Q1 2027 Settlement of shares tendered during Acceptance Period: Acceptance Period (10 weeks) Payment is due no later than 10 exchange trading days after the later of the end of the (12 June 202
Slide 16: Thank you
Thank you AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 17
Slide 17: Appendix I: An attractive investment case
Appendix I An attractive investment case AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 18
Slide 18: A global applied technology company
A global applied technology company Revenues EBITDA Net Profit A global provider of identity and payment solutions, with a strategic focus on digital transformation technologies, €360m €49m €16m powered by proprietary technology and AI capabilities 13.6% margin Operating CF1 Leverage2 Total Assets H
Slide 19: A global footprint across EMEA and the US
A global footprint across EMEA and the US 10 manufacturing hubs across strategic markets Key operational presence Identity & Personalization Document Facility Payment Centre Lifecyle Andorra ✅ Austria ✅ ✅ Greece ✅ ✅ Poland ✅ Romania ✅ ✅ ✅ Spain ✅ Türkiye ✅ UK ✅ ✅ US ✅ Sales Offices Norway, Czech Rep
Slide 20: Decades of experience, consistently adapting to evolving client needs
Decades of experience, consistently adapting to evolving client needs Building Foundations Scaling into a Multinational Accelerating Technology-Led (1897-2007) End-to-End Provider Transformation (2007-2019) (2019-Ongoing) Founded in 1897 by P. Lykos as a printshop, the Strategic acquisitions establi
Slide 21: A diversified Solutions & Services Portfolio
A diversified Solutions & Services Portfolio Digital Technologies Identity & Payment solutions Document Lifecycle Management Artificial Intelligence Empowered Solutions & Payment cards Secure Digital Printing GaiaB™ Appliance Remote KYC/KYB Card as a service (CaaS) Personalized Digital Printing Onbo
Slide 22: A platform built for scale with a proven track record of growth
A platform built for scale with a proven track record of growth… Revenues CAGR EBITDA CAGR Net Profit CAGR 2022-25 2022-25 2022-25 +5% +16% +50% 110,0 22,0% 100,0 €m 392 EBITDA margin 19 90,0 17,0% 365 360 13,6% 80,0 13,0% 13,2% 17 70,0 16 315 12,0% 60,0 9,9% 50,0 52 40,0 48 49 7,0% 30,0 31 2,0% 20,
Slide 23: ...with a solid financial position...
…with a solid financial position… Net Debt & Leverage1 Total Assets CAGR Total Equity CAGR 2022-25 2021-25 110 ,0 Net Debt / EBITDA (x) +7% +19% 2,5 2,5 €m 322 332 328 136 2,0 125 1,8 100 ,0 2,0 1,7 107 270 95 96 1,5 81 90, 0 1,0 80, 0 82 0,5 77 70, 0 0,0 2022 2023 2024 2025 2022 2023 2024 2025 2022
Slide 24: ...strong cash generation and disciplined capital allocation...
…strong cash generation and disciplined capital allocation… Net Working Capital Operating Cash Flow Free Cash Flow1 110,0 % of Revenues 25% 110,0 % of adj. EBITDA 120% 60,0 CAPEX % of Revenues 8,0% 104% 55,0 100,0 100,0 6,9% 21% 50,0 7,0% 100% 90,0 90,0 20% 45,0 18% 6,0% 40,0 80,0 80,0 16% 77% 80% 3
Slide 25: ...a well diversified Revenue mix supported by a global exposure
…a well diversified Revenue mix supported by a global exposure Revenues per Solution Revenues per Geographic segment €m 392 392 365 27 360 365 360 16 79 315 34 315 54 62 10 92 106 104 60 116 131 110 123 117 258 258 222 225 225 195 203 166 2022 2023 2024 2025 2022 2023 2024 2025 Western Europe, Docum
Slide 26: Shifting Revenue Mix: More higher-margin Solutions and Services
Shifting Revenue Mix More higher-margin Solutions and Services Solutions Geographic Segments 9% 15% Q1 2026 Q1 2025 €89m €83m 9% 9% 27% 35% 22% 39% 63% 60% 64% 63% Document Western Europe, Central Eastern Identity & Digital Türkiye, Middle Lifecycle Nordics, Americas Europe & DACH Payment Technologi
Slide 27: Greek Public Sector Digital Transformation: a key driver of Digital Technologies Revenue growth
Greek Public Sector Digital Transformation: a key driver of Digital Technologies Revenue growth Digital Technologies Greek Public Sector Digital Transformation % of Group Revenues 22% 20% 15% Awarded Projects To Date €m 18% 16% 14% 7% 9% 9% 4% 12% 10% 8% 6% Received / Recognised Remaining Total 4% I
Slide 28: A seasoned Management team with a proven track record
A seasoned Management team with a proven track record of driving growth and operational excellence Manolis Kontos Dr. Mohamed Chemloul Markus Kirchmayr Jon Neeraas Burak Bilge Chairman Management Vice Chairman Management Group CFO EVP Western Europe, Nordics, EVP Türkiye, Middle East & Board & Group
Slide 29: Supervisory Board
Supervisory Board Experienced. Independent. Aligned with Shareholders. John Costopoulos Martin Wagner Nikolaos Lykos Dr Stefano Brusoni Chairman of the Supervisory Deputy Chairman of the Member of the Supervisory Member of the Supervisory Board and Chairman of the Supervisory Board & Board Board Nom
Slide 30: Shareholder Structure
Shareholder Structure Total Shares Outstanding Free float 36,353,868 23,9% • Dual Listing: Vienna (VSE) & Euronext Athens (ATHEX) • Commencement of Trading: 23 March 2023 • Sector: Technology • ISIN: AT0000A325L0 Founder & 76,1% • Symbol: ACAG Management Board members1 • BLOOMBERG: ACAG GA • REUTERS
Slide 31: Our Growth Strategy Pillars
Our Growth Strategy Pillars Geographic Market share Products & services Value expansion expansion portfolio enhancement accretive M&A • Focus areas to develop cutting-edge • Transition from a product supplier to • Transition to high-margin, solution- • Disciplined, criteria-driven products & compreh
Slide 32: Key Investment Highlights
Key Investment Highlights Strategically located Diversified end-to-end A platform built for scale global footprint enabling solutions portfolio with with a proven track superior lead times, strong cross-synergy record of growth delivery agility, and potential customer proximity Proprietary technolog
Slide 33: Appendix II: Consolidated Financial Statements
Appendix II Consolidated Financial Statements AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 34
Slide 34: Income Statement (Management Reporting) in €m FY2025 FY2024
Income Statement (Management Reporting1) in €m FY2025 FY2024 Revenues 360.2 392.3 Costs of material & mailing (181.7) (209.8) Gross profit I 178.4 182.5 Gross profit I margin 49.5% 46.5% Production costs (91.7) (87.9) Gross profit II 86.8 94.6 Gross profit II margin 24.1% 24.1% Other income 6.2 5.0
Slide 35: Income Statement (IFRS) in € thousand FY2025 FY2024
Income Statement (IFRS) in € thousand FY2025 FY2024 Revenues 360,171 392,285 Cost of sales (273,410) (297,730) Gross profit 86,762 94,555 Other income 6,231 4,987 Selling and distribution expenses (22,452) (23,338) Administrative expenses (29,278) (31,447) Research and development expenses (9,879) (
Slide 36: Group Segments in € thousand FY2025
Group Segments FY2025 FY2024 Corporate & Corporate & in € thousand CEE WEST MEA Total CEE WEST MEA Total Eliminations Eliminations Revenues 183,792 114,980 61,399 0 360,171 185,923 127,370 78,993 0 392,285 Intersegment revenues 19,225 7,796 183 (27,204) 0 38,983 3,525 56 (42,564) 0 Segment revenues
Slide 37: Balance Sheet in € thousand
Balance Sheet in € thousand 31 December 2025 31 December 2024 Property, plant and equipment and right of use assets 96,022 100,545 Intangible assets and goodwill 57,609 59,555 Equity-accounted investees 423 395 Other receivables 1,098 1,259 Deferred tax assets 3,865 3,474 Non-current assets 159,016
Slide 38: Cash Flow Statement in € thousand FY2025 FY2024
Cash Flow Statement in € thousand FY2025 FY2024 Profit/(Loss) before tax 21,634 25,875 Adjustments for: - Depreciation, amortization and impairment 19,127 17,772 - Net finance cost 8,068 8,177 - Net gain or loss on disposal of non-current assets (276) 33 - Change in associated companies 28 71 - Chan
Slide 39: AUSTRIACARD HOLDINGS Investor Relations
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 AUSTRIACARD HOLDINGS Annual General Meeting 22 June 2026 40
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