Slide 1: Q1 2025 Sales Conference Call
Technologies for Positive Commerce 2025 Q1 Sales April 23, 2025 Conference Call
Slide 2: Agenda
Agenda Introduction Olivier Gernandt – Investor Relations Officer Q1 Highlights Thierry Gadou – Chairman & CEO Outlook Thierry Gadou – Chairman & CEO Q&A Thierry Gadou & Thierry Lemaitre Proprietary and confidential. Do not distribute. 2
Slide 3: Disclaimer
Disclaimer This presentation contains unaudited financial information. In addition, this presentation includes performance indicators restated for the IFRS accounting impact of the Walmart US contract. The Group presents these restated performance indicators to allow investors to better understand t
Slide 4: Q1 2025 Sales: Strong growth in Q1
Technologies for Positive Commerce Strong growth in Q1 • Q1 sales of €215m under IFRS (up +25% vs. Q1 2024) and €233m on an adjusted basis (+31%) Q1 2025 • Record levels of orders at €532m (+94%), driven by strong Sales • momentum in the US VAS sales of €33m (+71%) ---------------- FY 2025 Outlook c
Slide 5: Q1 2025 Sales
Q1 2025 Sales • Q1 Sales of €215m under IFRS (+25% vs. Q1 2024); €233m in adjusted figures (+31%) Adjustments Adjusted In €m IFRS Sales to Walmart sales • Record order entries at €532m (+94%), driven by contract strong momentum in the US Q1 2025 215.2 (17.6) 232.8 • VAS Sales at €33m, growing by +71
Slide 6: Q1 Growth driven by North America
Q1 Growth driven by Americas/APAC EMEA North America €m 233 +31% • AMERICAS/APAC: 61% of adjusted sales (€143m) for +100% 178 90 -15% growth mainly driven by the United States. This robust growth momentum is expected to continue in the coming quarters. • EMEA: 39% of adjusted sales (€90m) generated
Slide 7: Order entries
Order entries €m Quarter Rolling 12m 1886 700 1800 1628 600 1600 1396 1400 • Global order entries at €532m (+94%) 500 532 1146 472 1200 • Record level for a first quarter 440 442 400 1003 • 12m OE at €1.9bn 1000 300 • This significant momentum is driven by 800 both the United States and Europe 274 6
Slide 8: Q1 VAS revenues
Q1 VAS revenues Recurring Non-Recurring 33.3 +71% 16.1 • Strong VAS growth at +71% 19.5 • Recurring VAS representing 52% of total VAS 7 • Cloud installed base now at 26K stores and 188m ESLs 17.2 12.5 Q1 2024 Q1 2025 Proprietary and confidential. Do not distribute. 8
Slide 9: 2025 outlook: confident on €1.4bn adjusted revenue target
2025 outlook: VusionGroup confident on its €1.4bn adjusted revenue target Adj. Revenue Adj. Revenue by semester (€m) 1,400 (€m) +40% 1,000 ~800 ~600 2024 2025 H1 H2 Adjusted sales incorporates IFRS standards before adjusting for certain non-cash IFRS 15 adjustments related to the Walmart US Propriet
Slide 10: Q1 2025 Sales: Strong growth in Q1
Technologies for Positive Commerce Strong growth in Q1 • Q1 sales of €215m under IFRS (up +25% vs. Q1 2024) and €233m on an adjusted basis (+31%) Q1 2025 • Record levels of orders at €532m (+94%), driven by strong Sales • momentum in the US VAS sales of €33m (+71%) ---------------- FY 2025 Outlook c
Slide 11: Note on the IFRS Adjustments related to the Walmart contract
Note on the IFRS Adjustments related to the Walmart contract: Two IFRS restatements related to the new Walmart contract impact 2024 financial disclosures: 1. On June 2, 2023, at their Annual General Meeting, the Group’s shareholders approved a grant to Walmart of 1,761,200 of stock warrants on the G