Worldline Sa · EURONEXT:WLN
Worldline Sa — Q1 2020 Earnings Presentation
23 slides from Worldline Sa's earnings presentation, Apr 23, 2020
Slide 1: Q1 2020 Revenue
Q1 2020 REVENUE THURSDAY, APRIL 23RD 2020 © Worldline
Slide 2: Disclaimer
DISCLAIMER This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These r
Slide 3: Highlights First Quarter 2020
HIGHLIGHTS FIRST QUARTER 2020 GILLES GRAPINET Chairman & CEO Worldline Q1 2020 Revenue | © Worldline
Slide 4: A Resilient Quarter: Rapid Adaptation to the COVID-19 Business Context
A RESILIENT QUARTER RAPID ADAPTATION OF WORLDLINE TO THE COVID-19 BUSINESS CONTEXT Activation as soon as February 2020 of the Group Business Continuity Plan Fast ramp up of the Group’s remote working enabling 98%+ home working ensuring continuity of operations and no significant percentage of the
Slide 5: A Resilient Quarter: Performance
A RESILIENT QUARTER PERFORMANCE UPDATED 2020 Q1 2020 ORGANIC UNCHANGED SPEED IN OBJECTIVES DUE TO GROWTH STRATEGY EXECUTION NEW COVID CONTEXT Q1 organic revenue growth at Very large payment outsourcing Based on the anticipated +2.0% contract signed with UniCredit sanitary and economic scenario
Slide 6: Ingenico Acquisition: Q3 Closing Fully on Track
INGENICO ACQUISITION Q3 CLOSING FULLY ON TRACK All required regulatory French social process Bridge financing Preliminary activities to filings or pre-fillings to successfully committed by a prepare integration seek transaction conducted (Opinion pool of 8 banks started. approvals (Regulatory, ("avi
Slide 7: Worldline: Supporting Merchants and National Economies
WORLDLINE: SUPPORTING MERCHANTS AND NATIONAL ECONOMIES ACTIVE EFFORTS TO DELIVER UPGRADE SPECIFIC TEMPORARY FINANCIAL HELP MEASURES OF CONTACTLESS PAYMENT THRESHOLDS OFFERED TO SMALL BUSINESSES 7 |Worldline Q1 2020 Revenue | © Worldline
Slide 8: Revenue First Quarter 2020
REVENUE FIRST QUARTER 2020 ERIC HEURTAUX CFO, Worldline Worldline Q1 2020 Revenue | © Worldline
Slide 9: Constant Scope and Exchange Rate Figures Reconciliation
CONSTANT SCOPE AND EXCHANGE RATE FIGURES RECONCILIATION * At constant scope and March 2020 YTD average exchange rates, 9 |Worldline Q1 2020 Revenue | © Worldline
Slide 10: First Quarter 2020 Revenue Overview
FIRST QUARTER 2020 REVENUE OVERVIEW 15% Mobility & e-Transactional 46% Services Merchant Services 39% Financial Services 10 |Worldline Q1 2020 Revenue | © Worldline
Slide 11: Q1 Revenue Performance by Global Business Line
Q1 2019 REVENUE PERFORMANCE BY GLOBAL BUSINESS LINE Very strong From March, significant revenue reduction, notably in payment acceptance and acquiring: Overall start of the • Lockdown and confinement measures in all of Worldline’s key markets c.30%+ year: double • Much higher volumes with food retai
Slide 12: Excellent Short and Long Term Liquidity Position, with BBB/Stable Rating
EXCELLENT SHORT AND LONG TERM LIQUIDITY POSITION, WITH BBB/STABLE RATING Gross cash position : € 500 million Limited Limited use of the € 600 million commercial paper program (€63 million, reimbursed in Q1) indebtedness as Undrawn Revolving Credit Facility (€ 600 million, available until 2025)
Slide 13: Update of 2020 Full Year Guidance: Base Scenario Retained
UPDATE OF 2020 FULL YEAR GUIDANCE BASE SCENARIO RETAINED Q2 2020 H2 2020 SEVERELY RESTRICTED VERY GRADUAL LIFT OF ACTIVITIES GOVERNMENT CONSTRAINTS During most of the second General retail Very limited No large re-opening international conventions quarter: travel, tourism and events • Increase of do
Slide 14: Revised 2020 Full Year Guidance Broadly Comparable with 2019
REVISED 2020 FULL YEAR GUIDANCE BROADLY COMPARABLE WITH 2019 2020 2019 (Reminder) ORGANIC REVENUE Flat to low single digit decrease € 2,382m GROWTH OMDA Around 25%, circa the same percentage than 2019 25.3% FREE CASH Circa same cash conversion percentage than 2019* 47.8% FLOW 14 |Worldline Q1 2020 R
Slide 15: Commercial & Operational Performance First Quarter 2020
COMMERCIAL & OPERATIONAL PERFORMANCE FIRST QUARTER 2020 MARC-HENRI DESPORTES Deputy CEO Worldline Q1 2020 Revenue | © Worldline
Slide 16: Q1 2020 Volumes
Q1 2020 VOLUMES Of which Q1 2020 March 2020 ACCOUNT PAYMENTS +8% +10% RESILIENCE ACS, TRUSTED AUTH, WALLET TO STORE TRANSACTIONS +40% +31% LOCKDOWN AND NUMBER OF CARDS MANAGED +3% +3% CONFINEMENT MEASURES NUMBER OF ISSUING TRANSACTIONS +8% -8% COMMERCIAL ACQUIRING TRANSACTIONS +8% -9% E-COM ACQUIRIN
Slide 17: Successful Q1 Commercial Activity
SUCCESSFUL Q1 COMMERCIAL ACTIVITY One-Commerce-Hub payment solution; across multiple European countries Solution includes POS and e-Commerce acceptance Consolidated reporting of all payment flows DCC, POS-advertising capabilities Very large long-term strategic partnership with a leading Eu
Slide 18: Bolt-on Acquisition of GoPay: Online Pure Player in Eastern Europe
BOLT-ON ACQUISITION OF GOPAY ONLINE PURE PLAYER IN EASTERN EUROPE Leading online collecting PSP for small and Rare opportunity to develop Worldline online collecting medium sized businesses (SMBs) in Czech Republic: activity in the fast-growing Eastern Europe market c. 9,000 e-shops in Czech Rep
Slide 19: Exceptional 2020 Action Plan to Adapt the Business to COVID-19
EXCEPTIONAL 2020 ACTION PLAN TO ADAPT THE BUSINESS TO THE COVID-19 CONSEQUENCES Resilient operating model, able to smoothly Commercial effort maintained and focus on 1 adapt to progressive lifting of government 3 identifying new business opportunities restrictions Maintain close discussions with b
Slide 20: COVID 19: An Accelerator to Cashless Trends
COVID 19: AN ACCELERATOR TO CASHLESS TRENDS Massive acceleration of payment change in habits , which normally change slowly • Increase of contactless payment limits, resulting in additional usage • Observed preference for ePayments in particular in the DACH region (large Swiss retailers already reco
Slide 21: Conclusion First Quarter 2020
CONCLUSION FIRST QUARTER 2020 GILLES GRAPINET Chairman & CEO Worldline Q1 2020 Revenue | © Worldline
Slide 22: Key Takeaways
KEY TAKEWAYS Very quick adaptation of Worldline to the COVID 19 context 1 • Seamless continuity of operation while adapting quickly the cost base • Source of strong pride in our teams • Efficient lever for the future organization Beyond COVID 19 temporary impacts, structural acceleration of the tran
Slide 23: Thank You
THANK YOU FOR MORE INFORMATION, PLEASE CONTACT: David Pierre-Kahn Head of Investor Relations T +33 1 34 34 90 66 | M +33 6 28 51 45 96 david.pierre-kahn@Worldline.com © Worldline