2024 Full-Year Results Presentation

Full Year 2024

Earnings Presentation

April 2, 2025

Feel Good about Payments

2024 Highlights

Abdeslam ALAOUI

CEO

Strategy supported by clearly defined organic and inorganic growth levers

• • Non-cash transaction volume should grow by 15% p.a. in the next 5 years

• • The global retail non- cash pool is estimated at ~€0.8Tn in 2022 and is expected to grow at +6% over the next 5 years

R&D and Innovation reinforcement

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AI capabilities developmentRecognized as a best- in-class product by independent evaluations

CR2 Integration Overview

• - Acquisition completed in August 2024, consolidated into HPS accounts from September 2024

• - Revenue impact: €7M integrated in 2024, €25M full-year revenue contribution for 2024

• - 2025 outlook: €30M expected revenue, with an EBITDA margin for CR2 between 15% - 18%

Strategic Synergies

• - Technological Synergies

  • • Strengthened value proposition by integrating CR2's digital channel solutions with PowerCARD

  • • Expanded payment capabilities, including remittance, bill payment aggregators & instant payments

• - Market & Geographic Synergies

  • • Expanded global footprint: Presence in 50+ countries, adding offices in Jordan, Australia and India

  • • New market access: HPS opens new geographies for CR2 in French-speaking Africa, the Americas, Europe, and Southeast Asia

  • • Access to Saas delivery model for CR2 to a more resilient future

  • • High-quality client portfolio, including 3 banks in the global Top 100

Explosive Growth in TCV(*) & Acceleration of SaaS Adoption

• • TCV multiplied by 5 in 2024:

  - From 235 MMAD in 2023 to 1,100 MMAD in 2024, reflecting a surge in commercial momentum.

• • SaaS acceleration:

  • - In 2020-2022, contracts were almost exclusively On-Prem.

  • - In 2023, a major turning point: SaaS dominated (94% of TCV).

  • - In 2024, SaaS remains dominant (93%), reinforcing a recurring, high-value revenue model.

• • Growing adoption by the world's largest banks:

  - 3 new Top 100 banks adopt HPS in 2024.

  - The 3 Tier1 banks represent a TCV of 625 MMAD.

2021

2022

2023

2024

(*) TCV: Total Contract Value = Build Revenue + 5 years Maintenance Revenue or 5 years SaaS Revenue

SaaS TCV On-Prem TCV

Total TCV

A global and redundant Data Centres network

• • Fully redundant infrastructure

  • - Regional data centres strategically deployed to ensure proximity and resilience

  • - Each data centre is designed to ensure compliance with evolving data residency and security requirements

• • Strategic Investment, Ready to Scale

  - The investment phase is nearly complete - now HPS leverage this network for efficient growth with minimal cost increases

2024 demonstrates strong commercial momentum and M&A execution in the backdrop of a SaaS transition year

• - Explosive Total Contract Value growth acquired (4.5x 2023 levels and 3x 2022), illustrating acceleration of demand for PowerCARD V4 and penetration into largest banks in the world

• - New SaaS customers acquired in 2024 expected to generate more than 180 MMAD in revenues by 2027 and 230 MMAD by 2030 with limited additional costs

• - Successful acquisition of CR2, a competitor, which will drive material revenue and technological synergies

• - Limited decline in EBITDA despite SaaS transition and material investment year given size of new clients won

Going Forward

• - 2025 still a SaaS transition year, but we expect revenue growth of at least 20-30% and EBITDA growth of at least 30-35%.

• - By 2026/2027 impact of SaaS transition should ameliorate significantly with significant EBITDA contribution just from ramp-up of 2024 SaaS contracts

• - Reaffirming 2027 AccelR8 targets

2024 Business & Financial review

Brahim BERRADA

Corporate Services Managing Director

REVENUE

1,267

MMAD

• +6.4% Growth

• +0.2% Proforma

EBITDA / MARGIN

220 MMAD

• -10.9% Growth

• -4.5% Proforma

SEGMENT PERFOMANCE

BACKLOG (*)

885 MMAD

Growth