Avolta Ag · SIX:AVOL
Avolta — Q1 2026 Earnings Presentation
18 slides from Avolta's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Trading Update
Q1 2026 Trading Update May 2026
Slide 2: Agenda
Agenda 01 02 03 04 Q1 2026 Financial Conclusion Appendix Update
Slide 3: Q1 2026
01 Q1 2026
Slide 4: Highlights Q1 2026
Highlights Q1 2026 Disciplined Strong Capital Financial Allocation Performance ▪ CORE turnover CHF 2,905m, reported turnover CHF 2,962m ▪ CORE turnover growth +4.7% organic (+5.9% excl. Middle East drag), +4.0% CER1 ▪ CORE EBITDA CHF 190m, margin 6.6% (+0.2% YoY) ▪ EFCF CHF -164m, affected by usual
Slide 5: Resilient organic growth trends
Resilient organic growth trends NA: EMEA: Q1 2026 Regional Performance CHF907m CORE turnover CHF1,371m CORE turnover 2 countries 34 countries 1,898 outlets 2,370 outlets Est. OG CORE turnover Q1 2026 LfL OG YoY March/April (CHFm) (Combined) EMEA 1,371 +4.4% +2.5% -0.6% NA 907 +2.9% +3.9% +5.4% LATAM
Slide 6: Middle East conflict
Middle East conflict Initial impact as of Subsequent strong Discussion shifted to jet fuel supply risk, particularly late February increase in jet fuel prices in EMEA and Asia due to higher dependency Avolta’s impact Outlook ▪ Middle East (ME) exposure 3% of turnover ▪ Visibility on duration and bro
Slide 7: Data granularity
Commercial + Digital & data platform Shops, Restaurants, Hybrids … Access to wide data pool… … with a wide variety of data types & granularity Growth engine Data pool Data platform & artificial intelligence engine Monetization Passengers SPACES Duty- Duty- F&B free paid Transactional Data Customer S
Slide 8: Outlook and Capital allocation
Outlook and Capital allocation Medium-term outlook reiterated Consistent capital allocation policy ▪ Store network upgrade Organic growth +5% – 7% Invest In growth ▪ ▪ Digital and technology transformation Store Network Upgrade Business development / new space (Organic and Digital and Technology Tra
Slide 9: Financial Update
02 Financial Update
Slide 10: Key Q1 2026 figures
Key Q1 2026 figures CORE TURNOVER CORE EBITDA EFCF CHF CHF CHF 2,905m 190m -164m GROWTH EBITDA MARGIN LEVERAGE +4.7% +4.0% 6.6% 2.1x OG2 CER1 +0.2% vs. Q1 25 2.2x Q1 25 +5.9% OG excl. Middle East drag 1 Constant Exchange Rate 10 2 Organic Growth
Slide 11: Commercial and calendar phasing
Commercial and calendar phasing EBITDA CHFm 6.6% EBITDA margin 6.4% 196 190 EBITDA margin +0.2% ▪ Heightened cost discipline ▪ Productivity increases Q1 2025 Q1 2026 EFCF performance ▪ EFCF of CHF -164 m EFCF CHFm ▪ Q1 historically negative due to seasonality ▪ Q1 2026 further accentuated by ▪ NWC i
Slide 12: Financial net debt and leverage
Financial net debt and leverage Leverage1 Leverage 3.1x ▪ Net debt CHF 2,724m ▪ Leverage of 2.1x (Net debt/CORE EBITDA) 2.6x 2.2x 2.1x Well diversified financing structure ▪ Weighted avg. maturity 3.7 years Q1 2023 Q1 2024 Q1 2025 Q1 2026 ▪ Weighted avg. interest 3.0% ▪ Balance fixed / floating rate
Slide 13: Conclusion
03 Conclusion
Slide 14: Conclusion Q1 2026 Performance
Conclusion ▪ Resilient performance underpinned by disciplined execution Q1 2026 ▪ Operational capabilities strengthened by driving innovation, digital, data and loyalty Performance ▪ Unwavered focus on cash generation and ROIC accretion ▪ Further reduction in leverage Capital ▪ Robust cash generatio
Slide 15: Appendix
04 Appendix
Slide 16: FX Q1 2026
FX Q1 2026 CORE Turnover by currency Q1 2026 FX translation impact on turnover YoY 1.4% Other 19% 0,0% -0,9% USD -1,3% 44% GBP 10% -4,4% -4,7% -5,6% -6,1% EUR -8,8% 27% Q1’ 24 Q2’24 Q3’ 24 Q4’ 24 Q1’ 25 Q2’25 Q3’ 25 Q4’ 25 Q1’ 26 Development of main currencies YoY Development of other key currencies
Slide 17: Selected Events Contact
Selected Events 12 May 2026 Dividend payment 30 July 2026 Half Year Results 29 October 2026 Q3 Trading Update Contact Rebecca McClellan Global Head Investor Relations +44 7543 800 405 Rebecca.McClellan@avolta.net 17
Slide 18: Legal Disclaimer
Legal Disclaimer This document contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes’, ‘expects’, ‘anticipates’, ‘projects’, “targets”, ‘intends’, ‘estimates’, ‘future’, “outlook”, or similar expressions or by discussion of, among