Fawry for Banking Technology and Electronic Payment · EGX:FWRY

Fawry for Banking Technology and Electronic Payment — Q1 2025 Earnings Presentation

24 slides from Fawry for Banking Technology and Electronic Payment's earnings presentation, May 19, 2025

  1. Slide 1: 1Q 2025 Earnings Call

    1Q 2025 Earnings Call May 19, 2025 1

  2. Slide 2: Disclaimer

    Disclaimer The information contained in this document is proprietary and confidential to Fawry For Banking Technology And Electronic Payment S.A.E (“Fawry”). You must only use such information for the purposes of discussions with Fawry and you must hold such information in strict confidence and not

  3. Slide 3: Agenda

    AGENDA 1Q 2025 Operating & financial results 01 Dive into 1Q 2025 payments business figures 02 Dive into 1Q 2025 financial services figures 03 Digital growth 04 3

  4. Slide 4: 1Q 2025 Operating & Financial Results Highlights

    1Q 2025 Operating & Financial Results Highlights 4

  5. Slide 5: Financial KPIs

    Financial KPIs 65% • Revenue growth came at 65% y-o-y, higher than that of 1Q 24 • Acceptance business throughput more than doubled to reach EGP 62.7 billion in 1Q 25 Y-o-Y revenue growth for 1Q25 • Total loan portfolio exceeded EGP 3.7bn, 2.5x that of 1Q 24 55.9% • GP followed the revenue performan

  6. Slide 6: Operational KPIs achieved double digits growth

    Operational KPIs achieved double digits growth Active Network Total POS +11% Number of Services Total Transactions Average Transaction Customers +3% (mn) (000s) +15% +10% (mn) Value +48% 53.8 396 3,841 485 389 263 356 442 52.1 3,351 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q

  7. Slide 7: Strong financial performance with EBITDA and Net Income increasing almost 2x

    Strong financial performance with EBITDA and Net Income increasing almost 2x Throughput +62% Revenue +65% Average Revenue EBITDA +98% Net Profit +97% (bn) (EGP mn) per Trx +44% (EGP mn) (EGP mn) 189 (EGP) 1,795 605 2.6 1,002 2.0 116 1,087 307 507 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q 20

  8. Slide 8: EGP 189 billion in quarterly throughput, up 62% year-over-year

    EGP 189 billion in quarterly throughput, up 62% year-over-year and 2.7 times Q1 2023 levels Quarterly throughput (EGP bn) +62% + 189 +69% + +66% + 116 69 41 1Q22 1Q23 1Q24 1Q25 8

  9. Slide 9: Revenue for the quarter rose 65% y-o-y

    Similarly, Revenue for the quarter rose 65% y-o-y, marking a 2.7x increase over Q1 2023 Quarterly revenue (EGP mn) +65% 1,795 +61% +40% 1,087 676 483 1Q22 1Q23 1Q24 1Q25 9

  10. Slide 10: Revenue diversification and contribution to growth

    The growth was fueled by effective revenue diversification, particularly from the expanding role of Banking and Financial Services Revenue Contribution by Quarter Contribution to y-o-y revenue growth for 2% 2% 2% 2% 3% 1Q 2025 6% 5% 7% 7% 6% 8% 10% 13% 16% 5% 12% 26% 4% 15% 20% 8% 20% 21% 12% 18% 17

  11. Slide 11: Expenses grew on a yearly basis but declined in relation to revenue

    Expenses grew on a yearly basis but declined in relation to revenue y-o-y expenses increase Expense item as % of revenue 91% 16% 13% 13% 12% 10% 11% 52% 44% 38% 39% 40% 37% 29% 5% 22% 4% 4% HR Marketing & Selling OPEX & G&A HR Marketing & Selling OPEX & G&A 1Q 2023 1Q 2024 1Q 2025 1Q 2023 1Q 2024 1Q

  12. Slide 12: Margins improving, with EBITDA margin at record high

    …driving a significant improvement in overall margins, with EBITDA margin hitting a record high since inception Gross profit margin (%) +2.2% 67.7% 65.8% 62.0% 1Q23 1Q24 1Q25 EBITDA margin (%) +9.3% 55.9% 46.6% 35.5% 1Q23 1Q24 1Q25 12

  13. Slide 13: Dive into 1Q 2025 payments business figures

    Dive into 1Q 2025 payments business figures 13

  14. Slide 14: ADP continued to outperform guidance, recording 30% y-o-y growth

    ADP continued to outperform guidance, recording 30% y-o-y growth ADP Throughput ADP Revenue (EGP mn) Contribution to ADP y-o-y revenue growth +23% +30% 0% 462 29% 50% 355 21% 1Q 2024 1Q 2025 1Q 2024 1Q 2025 Telecom ADSL Utilities Others 14

  15. Slide 15: Acceptance and Agent Banking delivered high double-digit growth

    Acceptance and Agent Banking delivered high double-digit growth, surpassing guidance Acceptance Revenue Agent Banking Revenue (EGP mn) (EGP mn) +44% +68% 329 383 230 227 1Q 2024 1Q 2025 1Q 2024 1Q 2025 15

  16. Slide 16: Growth across both acceptance segments

    Growth was recorded across both acceptance segments, supported by greater POS throughput and rising online payments Revenue from instore Acceptance enabled POS Revenue from Online acceptance (000s) acceptance +63% +27% +72% 379 300 1Q 2024 1Q 2025 1Q 2024 1Q 2025 1Q 2024 1Q 2025 16

  17. Slide 17: Supply Chain revenue grew on increased adoption

    Supply Chain revenue grew on the back of increased acoption Supply Chain Throughput Supply Chain Revenue (EGP mn) +35% +27% 102 76 1Q 2024 1Q 2025 1Q 2024 1Q 2025 17

  18. Slide 18: Dive into 1Q 2025 financial services figures

    Dive into 1Q 2025 financial services figures 18

  19. Slide 19: MSME lending experienced significant momentum

    MSME lending experienced significant momentum, with the portfolio almost doubling • Number of MSME loans granted in 1Q25 reached 39.9k, up MSME Finance Loan MSME Finance Revenue by 212% y-o-y Portfolio (EGP bn) (EGP mn) • Disbursements for MSME loans for 1Q25 reached EGP 741mn up by 35% y-o-y +91% +

  20. Slide 20: Other financial services continued to grow

    Other financial services continued to grow, fueled by momentum in BNPL, Prepaid Card and Insurance Brokerage Other Financial Services revenue (EGP mn) • Consumer finance (BNPL) gross loan portfolio exceeded EGP 1.36 bn by end of 1Q25 vs. EGP 261 mn 215 • Total spend for the quarter exceeded EGP 892

  21. Slide 21: Digital growth

    Digital growth 21

  22. Slide 22: myFawry is steadily advancing its presence in the Neo Banking era

    myFawry is steadily advancing its presence in the Neo Banking era The launch of, i) myFawry prepaid myFawry cumulative downloads 27.3 card (Yellow Card), ii) BNPL , iii) the money market fund in 2023, 20 EGP Bn Millions and iv) Medical insurance in 2024, 18 fueled the myFawry app growth Annualized M

  23. Slide 23: Growth in digital transactions led by mobile wallets

    Growth in digital transactions was led by mobile wallets, boosting technology-related revenues Mobile Wallet 1 Mobile Wallet1 Total Digital 2 Total Transactions Transactions +58% Processed value + Transactions +67% +10% (mn) (mn) 103% (EGP bn) (mn) 485 159 199 76.7 48.4 119 78 442 1Q 2024 1Q 2025 1Q

  24. Slide 24: Q&A

    Q&A 24

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