Lastminute com N : 2025 FULL YEAR RESULTS (20260506 LMN Q1 26 IR Deck)

About this update from Lastminute.com N.v.

Financial Results Presenters Alessandro Petazzi Chief Executive Officer Diego Fiorentini Chief Financial Officer Safe Harbour Statement The material in this presentation contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements involve certain risks and uncertainties that could cause actual results, performance, or events to differ materially from those anticipated in this presentation. The forward-looking statements contained in this presentation are based on the current views and assumptions of lastminute.com N.V. lastminute.com N.V. does not assume any obligation to update or supplement this presentation. lastminute.com N.V. doesn't make any representation or warranty (express or implied) whatsoever as to the accuracy, completeness or sufficiency of any information contained herein. This presentation does not constitute an advertisement, offer, recommendation or invitation to purchase securities in any jurisdiction. It is for information purposes only and does not constitute a prospectus within the meaning of Art. 35 et seq. of the Federal Act on Financial Services (FinSA) or similar legislation in other jurisdictions. lastminute.com N.V has not taken any actions to allow the distribution of this presentation in any jurisdiction where action would be required for such purposes. 3 Agenda 01 Q1 2026 results Alessandro Petazzi & Diego Fiorentini 02 Strategic developments Alessandro Petazzi 03 Financial Calendar 2026 Julia Weinhart Q1 2026 financial performance GTV €1,002m +20% vs. Q1 2025 Packages -4% Flights +73% REVENUES * €96.4m +8% vs. Q1 2025 Packages +2% Flights +36% GROSS PROFIT €37.8m -2% vs. Q1 2025 Packages -3% Flights +22% Q1 Adj. EBITDA €15.3m +6% vs. €14.4m Q1 2025 Q1 Adj. EBITDA -CAPEX €11.1m +26% vs. €8.8m Q1 2025 5 5 (*) REVENUES, defined as the ordinary margins generated through the sale of travel services (together with ancillaries, over commissions, kickback and other indirect revenue), including the negative effects coming from the cancellation of bookings and the other income from the voucher misredemption. They are also defined as managerial revenues. Revenues increased, while Gross Profit reflected a product mix effect and higher marketing investment to support volume growth Revenues €m Including Cruise for €1.3m Gross profit €m Including extra cancellations and (2%) re-protections linked to the Middle East conflict of approx. €2.0m +8% 2026 vs 2025 2026 vs 2025 (61%) (53%) * +13% (20%) +36% +22% +2% (3%) Gross Margin *The year-on-year comparison of the Other segment is affected by the discontinuation of the cruise business disclosed in Q3 2025. 43.4% 39.2% 6 Cost Structure Disciplined cost management drove meaningful operating cost savings €m Q1 2026 Q1 2025 Delta % % on Revenues Q1 2026 Q1 2025 Delta pp Total Costs (81.1) (74.8) 8% 84% 84% - Variable Costs (58.6) (50.5) 16% 61% 57% 4pp Marketing and Sales costs (42.1) (35.4) 19% 44% 40% 4pp Other variable costs (16.5) (15.1) 9% 17% 17% - Fixed Costs (22.5) (24.3) (7%) 23% 27% (4)pp HR Costs (15.7) (16.4) (4%) 16% 18% (2)pp HR Costs Gross Capex (19.7) (21.3) (8%) 20% 24% (4)pp HR Capex 4.0 4.9 (18%) (4%) (5%) 1pp Operating Costs (6.8) (7.9) (14%) 7% 9% (2)pp 32% Q1 2025 28% Q1 2026 Fixed Costs 7 Profit and Loss €m Q1 2026 Q1 2025 Delta % GTV 1,002 832 20% Revenues 96.4 89.2 8% Variable Costs (58.6) (50.5) 16% Gross Profit 37.8 38.7 (2%) % on Revenues 39.2% 43.4% (4.2)pp Fixed Costs (22.5) (24.3) (7%) Adjusted EBITDA 15.3 14.4 6% % on Revenues 15.9% 16.1% (0.2)pp EBITDA 15.2 14.3 6% EBIT 8.8 9.4 (6%) Net Result 6.6 6.5 2% Earnings /(loss) per share 0.62 0.61 2% Adjusted EBITDA - Capex 11.1 8.8 26% Revenues reached €96.4m , (+8% YoY) , driven by strong transaction value growth and sustained demand momentum. Excluding the impact of the discontinued cruise business, Revenues growth would have been 9.7% . Gross Profit at €37.8m reflecting increased targeted performance marketing investment with a focus on volume to capture shifting consumer demand. Adj. EBITDA reached €15.3m , (+6% YoY) , demonstrating resilient profitability. This result includes approximately €2.0m in extra cancellations and re-protections linked to the Middle East conflict. Structural cost measures executed in 2025 are now delivering tangible benefits, driving a leaner and more efficient operating cost base. EBITDA reached €15.2m , a 6% increase compared to the same period last year. EBIT decreased to €8.8m compared to the same period last year €9.4m (-6% YoY) mainly due to higher depreciation & amortisation for projects that went live at the end of 2025. Net Results benefited from a combination of reduced FX volatility and lower interest expenses on loan facilities. EPS of the quarter stood at €0.62 , compared to €0.61 in Q1 2025. Adj. EBITDA less Capex reached €11.1m , up from €8.8m in Q1 2025. The improvement reflects disciplined capital allocation and stronger cash conversion, reinforcing earnings quality. 8 Net Financial Position (NFP) Bridge 12 months rolling Positive Free Cash Flow before Net Working Capital reached €10.5m, while Free Cash Flow increased from €4.4m to €6.5m Free Cash Flow: +€6.5m Free Cash Flow (pre NWC): +€10.5m Stronger EBITDA contribution sustained Free Cash Flow generation. Slightly higher NWC absorption vs last year, reflecting an earlier than last year shift to prepaid cards amid a stronger financial position. Capex is mainly linked to capitalised HR costs and other tech assets. Equity movements include dividend payment & Share buy back. 9 Free Cash Flow: +€4.4m 46.3 1.6 (24.6) (4.7) (7.1) (4.3) (2.8) 2.9 Free Cash Flow (pre NWC): +€7.2m Net Financial Position impacted by lease renewals (accounting effect only). 79.9 (8.3) 78.8 NFP Mar 2024 NFP Mar 2025 (*) including €(11.2)m of Off-balance sheet lease commitments Key Takeaways Strong January and February performance and growth trends, partially offset by the Middle East conflict. Disciplined cost management and fixed cost efficiency, with benefits reflecting the structural cost actions initiated in 2025. Robust cash generation, with free cash flow before working capital improving and free cash flow increasing. 10 Agenda 01 Q1 2026 results Diego Fiorentini 02 Strategic developments Alessandro Petazzi 03 Financial Calendar 2026 Julia Weinhart Strategic investment in Expansion Markets yields growth momentum 4€T€‡u€s £p5łt &/ M44k€ts Q1 2025 Q1 2026 12 Core Markets Expansion Markets Integrating lastminute.com into the AI ecosystem 1 2 3 13 FY26 outlook FY26 outlook ~10% growth REVENUES Adj. EBITDA 14 Agenda 01 Q1 2026 results Diego Fiorentini 02 Strategic developments Alessandro Petazzi 03 Financial Calendar 2026 Julia Weinhart Financial Calendar 2026 15 January 2026 Baader Swiss Equities Conference - Bad Ragaz 12 February 2026 Announcement of preliminary unaudited FY 2025 results 2 April 2026 Publication of the Annual Report 2025 6 May 2026 Publication of Q1 2026 Trading Update 6 May 2026 BSCC Swiss Capital Markets Series - London 13 May 2026 Kepler Cheuvreux Annual Swiss Seminar 24 June 2026 Annual General Meeting 25 June 2026 Davy Annual Transport Conference - London 30 July 2026 Publication of H1 2026 Report 21 September 2026 Baader Investment Conference - Munich 29 October 2026 23-25 November 2026 Publication of Q3 2026 Trading Update Deutsches Eigenkapitalforum - Frankfurt Our coverage: Volker Bosse - Baader Bank Baptiste de Leudeville - Kepler Cheuvreux Daniel Buerki- ZKB Investor information: lastminute.com N.V. Listing: SIX Swiss Exchange Trading currency: CHF Ticker symbol: LMN ISIN: NL0010733960 Contact Information: Julia Weinhart Head of Investor Relations [email protected] 16 Q1 2026 financial results Thank you [email protected] https://www.lastminute.com

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