Slide 1: Q3 2018 Revenue
Q3 2018 Revenue October 24,2018
Slide 2: Disclaimer
DISCLAIMER Financial data for 2018 are provided in accordance with IFRS 15 and IFRS 9, effective since January 1, 2018. To ensure a meaningful comparison with 2017, financial data for the period included in this presentation have been restated in accordance with the new standards. Reconciliation tab
Slide 3: Accelerated organic operating revenue growth in Q3 2018, paving the way for a new record year
ACCELERATED ORGANIC OPERATING REVENUE GROWTH IN Q3 2018, PAVING THE WAY FOR A NEW RECORD YEAR Nine-month 2018 total income: up 11.0% like-for-like to €990 million • Reported growth up by 3.1% despite strong negative currency impact (-8.5%) Accelerated organic operating revenue growth of 14.6% in
Slide 4: Agenda
Agenda 1. Q3 2018 Revenue & Highlights 2. 2018 Outlook 4
Slide 5: YTD 2018 Total Income (formerly total revenue): €990m
YTD 2018 TOTAL INCOME (FORMERLY TOTAL REVENUE): €990M Accelerated growth in Q3 Q3 YTD 2018 €325m €990m Total income (formerly total revenue) growth in Q3 2018 Reported +4.8% +3.1% Reported L/L change In €m Q3 18 Q3 17 change (excluding Venezuela) Venezuela +0.2% -0.3% Operating revenue 313 293 +6.
Slide 6: Q3 & YTD 2018 Operating Revenue
Q3 & YTD 2018 OPERATING REVENUE Accelerating operating revenue gains in Q3 leading to solid double-digit L/L growth Q3 YTD 2018 €313m €953m L/L operating growth (excluding Venezuela) Reported +6.5% +4.8% 13.4% 14.6% 12.6% 9.3% 9.8% Venezuela +0.2% -0.3% FY 17 Q1 18 Q2 18 Q3 18 YTD 18 Scope +0.8% +
Slide 7: YTD 2018 Operating Revenue Breakdown & Growth by Business Line
YTD 2018 OPERATING REVENUE BREAKDOWN & GROWTH BY BUSINESS LINE Double-digit organic growth across all business lines EMPLOYEE BENEFITS FLEET & MOBILITY COMPLEMENTARY SOLUTIONS SOLUTIONS Corporate Payment % OF YTD 2018 Incentive & Rewards GROUP OPERATING REVENUE 65% 26% 9% Public Social Programs YTD
Slide 8: Employee Benefits €618m +11.1% L/L
EMPLOYEE BENEFITS Innovative offers creating differentiation and fueling growth L/L operating revenue growth (excluding Venezuela) YTD 2018 operating revenue €618m 13.4% 11.8% 11.1% 8.5% 7.1% +11.1% L/L FY 17 Q1 18 Q2 18 Q3 18 YTD 18 STRONG Q3 2018 INNOVATIVE ACHIEVEMENTS BY EDENRED Fast, seamless p
Slide 9: Payment APIs: Edenred Direct Payment Services offer
PAYMENT APIS: EDENRED DIRECT PAYMENT SERVICES OFFER The most advanced global digital means of payment empowering its ecosystem Edenred’s unique global technological platform leverages the fast growing online food-tech segment Additional partnerships + to come in 4 other countries by year-end Stick t
Slide 10: Fleet & Mobility Solutions €245m +17.0% L/L
FLEET & MOBILITY SOLUTIONS Sustained growth across all our segments L/L operating revenue growth YTD 2018 operating revenue €245m 19.7% 14.7% 17.9% 18.4% 17.0% +17.0% L/L FY 17 Q1 18 Q2 18 Q3 18 YTD 18 STRONG Q3 2018 INNOVATIVE ACHIEVEMENTS BY EDENRED Fuel & Fleet Contract with Carrefour Consolida
Slide 11: YTD 2018 Operating Revenue Breakdown & Growth by Geography
YTD 2018 OPERATING REVENUE BREAKDOWN & GROWTH BY GEOGRAPHY Sustained growth across all regions Europe 57% +14.6% L/L +16.2% as reported Rest of the World 6% +8.7% L/L Latin America -3.9% as reported +10.7% L/L 37% (excluding Venezuela) -7.6% as reported % of YTD 2018 Group operating revenue 11
Slide 12: Q3 & YTD 2018 Operating Revenue – Europe
Q3 & YTD 2018 OPERATING REVENUE – EUROPE Double-digit organic growth in France and Rest of Europe 2018 vs. 2017 L/L growth YTD 2018 operating revenue Q1 Q2 Q3 YTD of Group €541m France +8.6% +10.2% +12.4% +10.3% operating 57% +14.6% L/L revenue Europe excl. France +13.8% +15.9% +20.6% +16.7% +16.2%
Slide 13: Q3 & YTD 2018 Operating Revenue – Latin America
Q3 & YTD 2018 OPERATING REVENUE – LATIN AMERICA Sustained double-digit organic growth in the first nine months 2018 vs. 2017 L/L growth (excluding Venezuela) YTD 2018 operating revenue Q1 Q2 Q3 YTD of Group €359m Hispanic Latin America +15.8% +15.4% +16.8% +16.0% 37% operating +10.7% L/L revenue Bra
Slide 14: Q3 & YTD 2018 Other Operating Income (formerly Financial Revenue)
Q3 & YTD 2018 OTHER OPERATING INCOME (FORMERLY FINANCIAL REVENUE) Decrease mainly linked to less favorable investment conditions in Europe and negative currency effects in Latin America YTD reported YTD L/L In €m Q1 Q2 Q3 YTD change change (excluding Venezuela) Other operating income impacted by: La
Slide 15: Agenda
Agenda 1. Q3 2018 Revenue & Highlights 2. 2018 Outlook 15
Slide 16: 2018 Outlook by Region
2018 OUTLOOK BY REGION Q4 2018 expected trends Europe Latin America Employee Benefits: Employee Benefits: - Further improvement of Edenred’s competitive - In Brazil, in a context of still high unemployment, edge driven by innovation skills, enabling fast, Employee Benefits operating revenue is expec
Slide 17: Edenred confirms its full-year 2018 targets
EDENRED CONFIRMS ITS FULL-YEAR 2018 TARGETS Edenred to substantially outperform its annual medium-term targets in 2018 > +7% > +9 % > +10% L/L operating L/L operating L/L FFO growth revenue growth EBIT growth Edenred aims to achieve FY 2018 EBIT of between: €440m and €470m (1) (vs. €429m in 2017) (1
Slide 18: Appendices
Appendices 18
Slide 19: IFRS Restated 2017 Operating Revenue
IFRS RESTATED 2017 OPERATING REVENUE Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 In € millions Reported Restated Change Reported Restated Change Reported Restated Change Reported Restated Change Reported Restated Change Europe 156 161 +5 160 155 -5 149 149 0 208 187 -21 673 652 -21 France 50 57 +7 50 49
Slide 20: Operating Revenue
OPERATING REVENUE Q1 Q2 Q3 YTD In € millions 2018 2017 2018 2017 2018 2017 2018 2017 Europe 183 161 179 155 179 149 541 465 France 63 57 55 49 54 47 172 153 Rest of Europe 120 104 124 106 125 102 369 312 Latin America 119 132 124 132 116 125 359 389 Rest of the world 17 17 18 19 18 19 53 55 Total op
Slide 21: Other Operating Income (formerly Financial Revenue)
OTHER OPERATING INCOME (FORMERLY FINANCIAL REVENUE) Q1 Q2 Q3 YTD In € millions 2018 2017 2018 2017 2018 2017 2018 2017 Europe 4 6 3 6 3 6 10 18 France 2 3 1 3 1 2 4 8 Rest of Europe 2 3 2 3 2 4 6 10 Latin America 8 10 8 9 8 10 24 29 Rest of the world 1 2 1 1 1 1 3 4 Other operating income 13 18 12 1
Slide 22: Total Income (formerly Total Revenue)
TOTAL INCOME (FORMERLY TOTAL REVENUE) Q1 Q2 Q3 YTD In € millions 2018 2017 2018 2017 2018 2017 2018 2017 Europe 187 167 182 161 182 155 551 483 France 65 60 56 52 55 49 176 161 Rest of Europe 122 107 126 109 127 106 375 322 Latin America 127 142 132 141 124 135 383 418 Rest of the world 18 19 19 20
Slide 23: 2018 Expected Calendar Effects
2018 EXPECTED CALENDAR EFFECTS Q1 Q2 Q3 Q4 2018 Nb of Nb of Nb of Nb of Nb of Working days days days days days days Europe -1 1 0 1 1 Latin America -2 2 -1 1 1 Rest of the world -2 -3 0 1 -3 TOTAL -1 1 0 1 1 23
Slide 24: Average Exchange Rate
AVERAGE EXCHANGE RATE Average rates 2018 vs. 2018 vs. 2018 vs. 2018 vs. Spot rate Spot rate 2017 2017 2017 2017 €1 = X foreign currency Q1 2018 Q1 2017 Q2 2018 Q2 2017 Q3 2018 Q3 2017 YTD 2018 YTD 2017 as of as of Change Change Change Change 30.09.2017 30.09.2018 (in%) (in%) (in%) (in%) Brazilian re
Slide 25: ceginest
ceginest WIN