Slide 1: Q3 & 9M 2025 sales
QUADIENT Q3 & 9M 2025 sales 2 December 2025 © 2025 Quadient. All rights reserved. 1
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENT This presentation contains forward-looking statements (made pursuant to (i) the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and (ii) the principles of the French Autorité des Marchés Financiers' guide to periodical disclosures
Slide 3: Agenda
Agenda 01 Q3 & 9M 2025 Highlights 04 FY 2025 outlook 02 Q3 & 9M 2025 Key financials 05 Appendix 03 Q3 & 9M 2025 Business review © 2025 Quadient. All rights reserved. 3
Slide 4: Q3 / 9M 2025 Highlights
Geoffrey GODET Chief Executive Officer Laurent du PASSAGE Chief Financial Officer 01 Q3 / 9M 2025 HIGHLIGHTS © 2025 Quadient. All rights reserved. 4
Slide 5: Continued strong performance in Digital and Lockers
Continued strong performance in Digital and Lockers Q3 25 REVENUE: €248m, -3.5% ORGANICALLY 9M 25 REVENUE: €765m, -3.1% ORGANICALLY ▪ Digital revenue growth accelerates ▪ Double-digit growth in subscription- related revenue in Digital and Lockers - #1 CCM position recognized by IDC ▪ US low mail equ
Slide 6: Main shareholders further consolidating their ownership
Main shareholders further consolidating their ownership OWNERSHIP OVERVIEW – 31 OCTOBER 2025 Management, directors, employees, treasury shares (2.7%) VESA Equity Investment S.à.R.L Other shareholders (26.1%) (57.2%) Number of shares: 34,468,912 Reached 9.91% on Bpifrance Participations S.A. 14 Novem
Slide 7: Q3 / 9M 2025 Key financials
Laurent du PASSAGE Chief Financial Officer 02 Q3 / 9M 2025 KEY FINANCIALS © 2025 Quadient. All rights reserved. 7
Slide 8: Continued good trend in Digital and Lockers
Continued good trend in Digital and Lockers CHANGE IN 9M REVENUE (in €m) (4.0)% +7.9% +15 (9.0)% REPORTED CHANGE 797 +13 -48 +9.4% +7 -19 765 (3.1)% ORGANIC CHANGE 9M 2024 Scope Digital Mail Lockers Currency 9M 2025 revenue effect(1) effect(2) revenue Organic change excludes currency and scope. % of
Slide 9: Decline in North America driven by mail decertification high comparison basis
Decline in North America driven by mail decertification high comparison basis ORGANIC CHANGE BY GEOGRAPHY (in €m, % organic change vs. same period last year) (3.5)% (3.1)% 263 797 248 765 (0.4)% International +1.2% International 33% Main European 34% Main European 34% (3.2)% 34% (3.2)% Countries Cou
Slide 10: Total subscription revenue growth fueled by accelerating Digital and Lockers
Total subscription revenue growth fueled by accelerating Digital and Lockers and their expanding share ORGANIC CHANGE BY REVENUE TYPE SHARE OF SUBSCRIPTION-RELATED REVENUE (in €m, % organic change vs. same period last year) BY SOLUTION (in €m) (3.1)% 658 673 739 745 777 569 797 765 Mail subscription
Slide 11: Q3 / 9M 2025 Business review
Geoffrey GODET Chief Executive Officer Laurent du PASSAGE Chief Financial Officer 03 Q3 / 9M 2025 BUSINESS REVIEW…………….. © 2025 Quadient. All rights reserved. 11
Slide 12: Quadient SaaS platform: A recognized leader
Digital Quadient SaaS platform: A recognized leader • Largest provider in market, capturing 11% market share A platform acknowledged by analysts • Leading by growth and driven by customer choice • Accelerating growth year after year 1,650 new customers added in 9M 25 © 2025 Quadient. All rights rese
Slide 13: Further investment in CCM to consolidate #1 position
Digital Further investment in CCM to consolidate #1 position CDP Communications acquisition Strengthening capabilities in accessibility automation for transactional digital documents PIONEER IN DOCUMENT DEAL RATIONALE ACCESSIBILITY AND AUTOMATION ▪ Canadian company, with c. 20 employees ▪ Enhances Q
Slide 14: Strong momentum in e-invoicing
Digital Strong momentum in e-invoicing Capturing growth June 25: Successful connection to central tax 4m companies addressed in Europe’s 1 authority’s directory and passed 1st phase of tests thanks to a 3-pronged e-invoicing transformation go-to-market levers: direct sale, grey and white label… Grow
Slide 15: Acceleration of revenue growth
Digital Acceleration of revenue growth DIGITAL REVENUE PERFORMANCE (in €m, % organic change) +7.9% ▪ Acceleration of organic revenue growth in Q3: ‐ Sustained subscription-related revenue growth 206 194 across all regions Non-recurring (2.1)% revenue ‐ Double-digit organic growth in non-recurring re
Slide 16: Revenue continues to be impacted by lower hardware sales in the US
Mail Revenue continues to be impacted by lower hardware sales in the US MAIL REVENUE PERFORMANCE (in €m, % organic change) (9.0)% 536 476 ▪ Q3 2025 hardware sales down 16.7%, primarily driven by limited recovery in US mail hardware sales Hardware and to date (17.3)% license sales ▪ Q3 2025 subscript
Slide 17: Mail recovery momentum
Mail Mail recovery momentum Average market Recovering demand Launch of the next performance trends generation of Smart Mailing solutions Q1 Q2 Q3 Q4 pipeline up vs Q3 2025 2025 2025 (Q3 marketing pipeline up +30% vs H1 average) Hardware sales -17.0% -17.5% -13.5% New iX-Series (4-6-8) Total mail sal
Slide 18: Selecting the right e-commerce countries
Lockers Selecting the right e-commerce countries Quadient is present in 5 of the top e-commerce countries … … with the highest potential for network development Top retail e-commerce countries 2024 market size ($bn) Lockers network density (# of lockers per 10k inhabitants, YE 2024) 1 China 2,200 Ch
Slide 19: Continued expansion of Lockers automation platform
Lockers Continued expansion of Lockers automation platform Strong acceleration of usage in the open networks in Europe, driven by the UK 2,500 Installed Base c. 20x Launch Strong partnerships 2,000 Parcel Volume with major carriers of the open and retailers, including 1,500 network a 5-year strategi
Slide 20: Continued strong momentum in subscription-related revenue
Lockers Continued strong momentum in subscription-related revenue LOCKERS REVENUE PERFORMANCE (in €m, % organic change) +9.4% ▪ Accelerating double-digit organic growth in 84 subscription-related revenue in Q3 2025, reflecting: ‐ Outstanding volume ramp up in the UK Non-recurring 67 (1.4)% revenue ‐
Slide 21: FY 2025 Outlook
Geoffrey GODET Chief Executive Officer 04 02 FY 2025 OUTLOOK © 2025 Quadient. All rights reserved. 21
Slide 22: FY 2025 outlook confirmed
FY 2025 outlook confirmed Low single-digit decline in organic revenue FY 2025 GUIDANCE(1) Flat to low single-digit decline evolution in organic current EBIT NEXT PUBLICATION 25 March 2026: Full-year 2025 results (1) Updated guidance published on 24 September 2025, at the occasion of the HY 2025 fina
Slide 23: Appendix
05 APPENDIX © 2025 Quadient. All rights reserved. 23
Slide 24: Digital accelerates, Lockers remains solid, Mail follows prior-quarter trend
Digital accelerates, Lockers remains solid, Mail follows prior-quarter trend CHANGE IN Q3 REVENUE (in €m) (5.6)% +9.2% (9.8)% REPORTED CHANGE +6 263 +4 -17 +6.1% +2 -10 248 (3.5)% ORGANIC CHANGE Q3 2024 Scope Digital Mail Lockers Currency Q3 2025 revenue effect(1) effect(2) revenue Organic change ex
Slide 25: Q3 2025 sales breakdown
Q3 2025 sales breakdown Revenue Organic change TOTAL €143m North America (4.1)% DIGITAL MAIL LOCKERS Main European €84m Countries (3.2)% €22m International (0.4)% Revenue €248m €69m €151m €28m Organic change (3.5)% +9.2% (9.8)% +6.1% Organic change excludes currency and scope. % of change vs. the sa
Slide 26: 9M 2025 results breakdown
9M 2025 results breakdown Revenue % organic change TOTAL GROUP €441m North America (3.7)% DIGITAL MAIL LOCKERS Main European €260m Countries (3.2)% €65m International +1.2% Revenue €765m €206m €476m €84m Organic change (3.1)% +7.9% (9.0)% +9.4% Organic change excludes currency and scope effects. % o
Slide 27: Solid subscription-related revenue momentum for Digital and Lockers
9M 2025 revenue Solid subscription-related revenue momentum for Digital and Lockers 9M 2025 REVENUE BREAKDOWN (in €m, % organic change) DIGITAL MAIL LOCKERS TOTAL GROUP Revenue €206m €476m €84m €765m Organic change +7.9% (9.0)% +9.4% (3.1)% Subscription- €173m €341m €55m €569m related revenue Organi
Slide 28: EBITDA 2026 trajectory and ambitions 2030 confirmed
EBITDA 2026 trajectory and ambitions 2030 confirmed(1) TRAJECTORY 2026 AMBITIONS 2030 EBITDA Subscription EBITDA Revenue margin related revenue margin Digital >20% >€500m >90% c.30% Mail >25% c.€600m >65% 20-25% Lockers installed base Lockers >10% >€200m >40,000 c.20% Subscription Current EBIT ESG a
Slide 29: Digital: Proven track record of strong profitable growth
Digital Proven track record of strong profitable growth across key financial & business metrics Quarterly Digital revenue EBITDA (in €m, % share of SRR, SRR CAGR 2020-LTM 2025) (in €m, 30 % EBITDA margin) 19% 20% 26 18% 25 16% SRR CAGR 16% 14% +17% 13% 20 73 13% 14% 66 63 66 65 67 70 69 20 12% 18 61
Slide 30: Lockers: Strong revenue and profitability growth
Lockers Strong revenue and profitability growth QUARTERLY REVENUE EVOLUTION PROFITABILITY EVOLUTION (in €m, % organic SSR change) (% EBITDA margin) 29 28 3.6% 27 27 24 25 24 24 23 22 23 0.6% 21 21 20 20 -3.0% +17.6% +17.8% +12.7% +19.6% +15.7% -10.9% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022
Slide 31: Thank you
Thank you © 2025 Quadient. All rights reserved. 31