Deluxe Corporation · NYSE:DLX
Deluxe — Merger or Acquisition (June 2026)
17 slides from Deluxe's merger presentation, Jun 18, 2026
Slide 1: Deluxe Corporation Acquisition of Celero Commerce
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 © 2026 Deluxe Corporation. Proprietary and Confidential. Deluxe Corporation Acquisition of Celero Commerce June 18, 2026
Slide 2: Forward-looking statements
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Statements made in this presentation concerning Deluxe, the company’s or management’s intentions, expectations, outlook or predictions about future results or events are “forward-looking statements” within the meaning of the Private Securities L
Slide 3: FinTech / Payment Company Complements & Extends Deluxe Merchant Services
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 2c FinTech / Payment Company Complements & extends Deluxe Merchant Services Aligns with strategy 2
Slide 4: Highly Compelling & Strategic Acquisition
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Highly Compelling & Strategic Acquisition 1 Aligns with Deluxe strategy to transform by shifting mix to Payments & Data for growth Expected to be accretive to Adj. EPS, while expanding revenue growth and Adj. EBITDA margin rates, with actionable
Slide 5: Deluxe Strategy Alignment
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Deluxe Strategy Alignment Legacy Print Businesses Payments & Data Businesses Businesses Checks Promotional Products Merchant Services B2B Payments Data Q1'26 Revenue $262mm $276mm YOY % Rev Growth (6%)(1) 13% Q1’26 Adj. EBITDA Margin %(2) 33% 24
Slide 6: Deluxe Continues its Business Transformation
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Deluxe Continues its Business Transformation Core Check declines & Print portfolio accelerates Organic declines offset via Portfolio M&A • Inorganic / M&A category expansion • 50+ disconnected sub-scale businesses with massive technical debt Por
Slide 7: Celero Accelerates Deluxe Transformation Toward Growth Segments
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Celero Accelerates Deluxe Transformation Toward Growth Segments ▪ Transaction expected to be accretive to revenue growth and Adj. EBITDA margin rates ▪ Expected to be accretive to Adj. EPS in first year post transaction close ▪ Expect cost syner
Slide 8: Why Celero? Immediate, Accretive Strategy Acceleration
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Why Celero? Immediate, Accretive Strategy Acceleration 1 2 3 Leverages full-scale processing platform inside Deluxe Merchant Services (“DMS”) ▪ Acquired First American in 2021; since expanded and improved Adds immediate scale ▪ Bolts easily into
Slide 9: Compelling Strategic and Financial Rationale
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Compelling Strategic and Financial Rationale Celero Differentiators 1 2 3 4 Strong and diversified GTM motion with significant momentum and visibility Diverse customer mix with compelling TAM Proprietary fit-for-purpose partner platform aids tec
Slide 10: Celero Has an Attractive Financial Profile and Diversified GTM Motion
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Celero Has an Attractive Financial Profile and Strong & Diversified GTM Motion Financial Institutions ISO W2 130+ Active Bank Partners 50+ Active ISV Partners ~120 Producing 1099 Agents ~30 W2 Reps $10B GTV Merchants $4B GTV 5k Merchants $11B GT
Slide 11: Celero Adds Significant Scale to DMS
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 $28 $42 $70 DLX + Ce le ro Deluxe Me rch. Serv. Ce lero Commerce Celero Adds Significant Scale to DMS Proprietary Platform = Operating Leverage Sources: Nilson Report – Top US Merchant Acquirers (March 2026). 1. Non-Bank Rank excludes J.P. Morga
Slide 12: Celero Accelerates Deluxe Mix Shift Toward Payments & Data
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 31% 69% 57% 43% Payments & Data Print 41% 59% 2020A 2023A 2026E Combined 47% 53% Revenue Mix Migration Accelerates Toward Payments & Data 24% 76% Adj. EBITDA Mix Approaches Parity(1) 31% 69% Celero Accelerates Deluxe Mix Shift Toward Payments &
Slide 13: Enhances Strategic GTM Distribution & Adjacent Vertical Penetration
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Enhances Strategic GTM Distribution & Adjacent Vertical Penetration Merchant Acquiring Revenue TAM = ~$40bn(1) Further penetration into adjacent verticals Diverse customer mix with exposure across all major areas of the US economy Diverse custom
Slide 14: Expected to be Accretive to Adj. EPS, Rev Growth, & Adj. EBITDA Margin Rates
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Expected to be Accretive to Adj. EPS, Rev Growth, & Adj. EBITDA Margin Rates, w/ Attractive Synergies Expect $15mm+ of cost synergies with additional upside from revenue synergies Revenue Growth Adj. EBITDA Margin(4) Adj. EPS Expected to be Adj.
Slide 15: Deluxe Remains Committed to Its Capital Allocation Priorities
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Strengthen the balance sheet & pay down debt • Return to 3.0x net leverage during a 2-year horizon following close via: • Adj. EBITDA expansion & debt paydown through FCF generation • Proven track-record of deleveraging through consistent execut
Slide 16: Continued Execution Focus on Multi-Year Value Creation Algorithm
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Continued Execution Focus on Multi-Year Value Creation Algorithm Sustain performance: Changing culture, talent, & processes to sustain operating focus 15%+ annual total shareholder returns Drive profitable organic growth in Payments and Data Kee
Slide 17: Highly Compelling & Strategic Acquisition
214 17 32 55 58 54 184 218 222 191 191 191 107 107 107 Highly Compelling & Strategic Acquisition 1 Aligns with Deluxe strategy to transform by shifting mix to Payments & Data for growth Expected to be accretive to Adj. EPS, while expanding revenue growth and Adj. EBITDA margin rates, with actionable