Austriacard Holdings Ag · ATHEX:ACAG
Austriacard — H1 2025 Earnings Presentation
29 slides from Austriacard's earnings presentation, Aug 28, 2025
Slide 1: Digital Technologies Forward - H1 2025 Results Presentation
AUSTRIACARD HOLDINGS AG Digital Technologies Forward H1 2025 Results Presentation 28 August 2025
Slide 2: Disclaimer
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 2 Disclaimer This presentation (“Presentation”) has been prepared by AUSTRIACARD HOLDINGS AG (the “Company”) solely for informational purposes and is intended Any securities offered by the Company have not been, and will not be, registered under the
Slide 3: Contents
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 3 Contents H1 2025 Results Highlights page 4 Growth Strategy page 15 Appendix page 23
Slide 4: Results Highlights
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 4 Results Highlights
Slide 5: Results Highlights
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 5 Results Highlights Resilient strategic progress, with Document Lifecycle Management and Digital Technologies maintaining strong growth momentum, despite revenue headwinds (market normalization in payment cards in Türkiye, temporary moderation vs. a
Slide 6: Financial Highlights | Group Consolidated
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 6 Financial Highlights | Group Consolidated Revenues adj. EBITDA Net Profit Operating Cash Flow 163.6 19.3 2.5 10.4 • Document Lifecycle Management (+5%) adj. EBITDA margin: 11.8% • Lower net financial expenses (-8%) • Reduced pace of working capital
Slide 7: Financial Highlights | Group Consolidated: Leverage, Working Capital, Dividend
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 7 Financial Highlights | Group Consolidated Leverage Net Working Capital Net Debt Shareholder Remuneration Net Debt / adj. EBITDA (rolling 12m) 73.2 96.1 Dividend €0.11/share 2.1x 20.3% of Revenues (rolling 12M) • Leverage maintained at healthy level
Slide 8: Revenues - Geographic Segments
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 8 Geographic Segments €m Central Eastern Europe & DACH (CEE) W. Europe, Nordics, Americas (WEST) Türkiye, Middle East & Africa (MEA) intra-segment (CEE-MEA) intra-segment (CEE-MEA) 121.6 64.9 40.8 Turkish payment card Metal card sales to Turkish paym
Slide 9: Group Revenues per geographic segment | H1 2025 bridge
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 9 Group Revenues per geographic segment | H1 2025 bridge €m 1 % change vs. H1 2024 1 Central Eastern Europe & DACH (CEE) • Reduction in intra-segment revenues with MEA (Turkish payment card market 195 normalization resulted in 69% drop in card delive
Slide 10: Group EBITDA per geographic segment | H1 2025 bridge
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 10 Group EBITDA per geographic segment | H1 2025 bridge €m % change vs. H1 2024 1 Central Eastern Europe & DACH (CEE) 1 • Revenue decline (c€18m vs. H1 2024) • Stable production costs (fixed or semi-fixed), despite drop in card deliveries 29 excl. im
Slide 11: Group Revenues per solution | H1 2025 bridge
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 11 Group Revenues per solution | H1 2025 bridge €m 1 2 % change vs. H1 2024 1 Digital Technologies 0.6 • Significant contribution in 2024 (base effect) from private sector digital solutions 195 4% in Romania (CEE: -6% vs. H1 2024) • Deferral of reven
Slide 12: Net Working Capital, Net Debt & Leverage
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 12 Net Working Capital Net Debt & Leverage % of Revenues (12m rolling) Net Debt / adj. EBITDA (12m rolling) (x) 2.1 2.0 110 .0 110 .0 20.3% 22. 0% 1.9 2.0 100 .0 18.2% 1.7 90. 0 16.0% €m €m 17. 0% 100 .0 73.2 95.0 95.6 96.1 71.3 1.5 80. 0 70. 0 60. 0
Slide 13: FY2025 Outlook
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 13 FY2025 Outlook FY2025 adj. EBITDA revised guidance to mid-single digit decline vs. 2024 Challenges faced Opportunities & Mitigants • The continued normalization in the Turkish payment card market, due → Strong growth momentum in H2 2025: set to de
Slide 14: Delivering Sustainable and Profitable medium-term growth
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 14 Delivering Sustainable and Profitable medium-term growth Key Financial Targets FY 2024 Organic Revenue CAGR 2025-2027 6-7% 9.7% Adjusted EBITDA Margin 15-17% 14.2% CAPEX as % of Revenues (per annum) 4-5% 4.4% Leverage (Net Debt / EBITDA) (excl. M&
Slide 15: Growth Strategy
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 15 Growth Strategy
Slide 16: Solutions Portfolio
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 16 Solutions Portfolio Digital Technologies Identity & Payment solutions Document Lifecycle Management Artificial Intelligence Security Documents & Payment cards Empowered Solutions Traceability Remote KYC/KYB Card as a service (CaaS) Personalized Di
Slide 17: Our strategic roadmap is calibrated to navigate a complex macroeconomic environment
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 17 Our strategic roadmap is calibrated to navigate a complex macroeconomic environment and is centered on long-term, sustainable growth levers Challenges Opportunities • Persistent macroeconomic volatility across the EU and US, including → Deliver co
Slide 18: Our Growth Strategy Pillars
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 18 Our Growth Strategy Pillars • transition from Fintech to Tier 2 Banks UK • roll out Card-as-a-Service (CaaS) Geographic Focus areas to develop cutting-edge products & France • strategic market entry focused on local Fintech expansion comprehensive
Slide 19: Digital Technologies growth pillars
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 19 Digital Technologies → A key growth contributor with a series of technologically advanced solutions, including: • Bank as a Service (BaaS) Artificial Intelligence • Enterprise Content Management and Content Understanding through AI Empowered Solut
Slide 20: Identity & Payment solutions growth pillars
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 20 Identity & Payment solutions → Production and personalization of a high volume of our innovative metal cards → Production of National IDs, e-IDs, Health cards with high-security elements → Expansion into the MEA region, from 2025 onwards, with a h
Slide 21: Document Lifecycle Management growth pillars
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 21 Document Lifecycle Management → Production of high-security-personalized National Examination Papers with traceability services • personalized question booklets and answer sheets, supported by traceability services for national distribution and sc
Slide 22: Delivering Sustainable and Profitable medium-term growth
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 22 Delivering Sustainable and Profitable medium-term growth Our strategic vision is to transition into a holistic solutions provider as a trusted, long-term partner Technology is the cornerstone of our strategic architecture, powering innovation and
Slide 23: Appendix - Consolidated Financial Statements
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 23 Appendix Consolidated Financial Statements
Slide 24: Income Statement H1 2025
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 24 Income Statement in € thousand H1 2025 H1 2024 Revenues 163,621 195,374 Cost of sales (126,854) (146,278) Gross profit 36,766 49,096 Other income 2,482 1,985 Selling and distribution expenses (11,087) (11,851) Administrative expenses (14,682) (16,
Slide 25: Income Statement Q2 2025
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 25 Income Statement in € thousand Q2 2025 Q2 2024 Revenues 81,055 103,609 Cost of sales (63,821) (77,238) Gross profit 17,234 26,371 Other income 1,290 1,093 Selling and distribution expenses (5,618) (6,164) Administrative expenses (7,551) (9,049) Re
Slide 26: Balance Sheet
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 26 Balance Sheet in € thousand 30 June 2025 31 December 2024 Property, plant and equipment and right of use assets 97,475 100,545 Intangible assets and goodwill 57,092 59,555 Other receivables 1,207 1,259 Equity-accounted investees 423 395 Deferred t
Slide 27: Cash Flow Statement
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 27 Cash Flow Statement in € thousand H1 2025 H1 2024 Cash flows from operating activities Profit/(Loss) before tax 3,833 14,854 Adjustments for: - Depreciation, amortization and impairment 9,587 8,228 - Net finance cost 4,251 3,846 - Other non-cash t
Slide 28: Group Segments H1 2025
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 28 Group Segments H1 2025 H1 2024 Corporate & Corporate & in € thousand WEST CEE MEA Total WEST CEE MEA Total Eliminations Eliminations Revenues 52,930 100,406 16,309 (6,024) 163,621 63,354 104,693 40,798 (13,472) 195,374 Intersegment revenues 1,754
Slide 29: Thank you
AUSTRIACARD HOLDINGS H1 2025 Results Presentation 29 Thank you AUSTRIACARD HOLDINGS Lamezanstrasse 4-8, 1230 Vienna, Austria www.austriacard.com Investor Relations Tel AU: +43 (1) 61065 357 Tel GR: +30 210 669 78 60 investors@austriacard.com