Lastminute com N : Q1 RESULTS – 2025

About this update from Lastminute.com N.v.

Q1 2025 financial results Q1 2025 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. 3 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. Agenda 01 Strategic direction Alessandro Petazzi 02 Q1 2025 results Alessandro Petazzi & Diego Fiorentini 03 Key takeaways & 2025 guidance Alessandro Petazzi 04 Financial Calendar 2025 Julia Weinhart Strategic direction: leveraging our assets to grow even stronger core drivers 4 BUSINESS Strengthening market presence Brand portfolio focus Travel companion Dynamic Packages Evolution 5 PRODUCT Agenda 01 Strategic direction Alessandro Petazzi 02 Q1 2025 results Alessandro Petazzi & Diego Fiorentini 03 Key takeaways & 2025 guidance Alessandro Petazzi 04 Financial Calendar 2025 Julia Weinhart Q1 2025 performance Profitability driven by solid Packages and Flights performance GTV +7% vs. Q1 2024 Packages +7% Flights +8% REVENUES * +14% vs. Q1 2024 Packages +17% Flights +8% GROSS PROFIT +14% vs. Q1 2024 Packages +15% Flights +14% Adj. EBITDA €14.4M +56% vs. Q1 2024 NET RESULT €6.5M vs. €2.6M Q1 2024 7 7 (*) 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. Double-digit growth in Revenues and Gross Profit Revenues +14% €m Gross profit +14% €m 2025 vs 2024 2025 vs 2024 (5%) (9%) +11% +20% +8% +14% +17% +15% Gross Margin 43.1% 43.3% 8 Cost Structure Balanced cost management with continued strategic marketing investments 67% 64% Q1 2025 Q1 2024 €m Q1 2025 Q1 2024 Delta % Total Costs (74.9) (69.1) 8% Variable Costs (50.6) (44.6) 13% Marketing and Sales costs (35.4) (29.8) 19% Other variable costs (15.2) (14.8) 3% Fixed Costs (24.3) (24.5) (1%) HR Costs (16.4) (15.7) 4% Operating Costs (7.9) (8.8) (10%) Variable Costs 9 * Compared to previous quarters, cost disclosures have been restated to better align with the company's current operational structure Profit and Loss 2025 2024 % GTV 831 779 7% Revenues 89.2 78.4 14% Gross Profit 38.7 33.8 14% % on Revenues 43.3% 43.1% 0.2pp Adjusted EBITDA 14.4 9.3 56% % on Revenues 16.2% 11.8% 4.4pp EBITDA 14.3 9.7 47% EBIT 9.4 5.4 75% Net result 6.5 2.6 149% Earnings /(loss) per share 0.61 0.24 154% €m Q1 Q1 Delta Revenues grew positive across all channels, with Gross Profit increasing in line and maintaining stable marginality. Growth was broad-based, with robust core market performance and even faster growth in Tier 2 markets. Adjusted EBITDA rose 56% to €14.4M from €9.3M in Q1 2024, driven by improved efficiency, margin expansion, and cost leverage from a higher-margin business model and disciplined execution. EBIT €4.0M above Q1 2024 following EBITDA upside despite higher D&A due to the go-live of capitalised projects. Net Result benefits from higher EBIT and better management of financial items. Additionally, it was positively impacted by the reduction in the corporate income tax (CIT) rate in Switzerland. EPS at €0.61 improved compared to last year driven by higher Net Result. The share buyback program didn't have a notable accretion impact. 10 Bridge NFP rolling 12 months - Mar 2024 to Mar 2025 NFP increase driven by EBITDA despite negative change in NWC Free Cash Flow: +€7.2m 62% 64% NFP / Gross Cash NFP Bridge €m Positive cash generation from the business, driven by strong EBITDA, despite negative change in Net Working Capital. Capex: is mainly linked to capitalised HR costs and other tech assets. Equity movements: include Dividend payment and Share buy back. 11 Agenda 01 Strategic direction Alessandro Petazzi 02 Q1 2025 results Alessandro Petazzi & Diego Fiorentini 03 Key takeaways & 2025 guidance Alessandro Petazzi 04 Financial Calendar 2025 Julia Weinhart Key Takeaways Q1 2025 results show a solid performance , with all core financial indicators trending positively. Q1 2025 performance driven by continued strong contribution from Packages , with Flights also showing solid growth , supported by improved pricing strategies and broader ancillary portfolio . Actions remain closely aligned with the execution of the Group's 4 strategic core drivers across all segments. lastminute.com is confident to meet the guidance outlined in March. 13 14 Guidance Guidance FY 2025 Revenues Adj. EBITDA Management expects Revenues and Adjusted EBITDA to reach low double-digit growth in 2025 vs. 2024 Agenda 01 Strategic direction Alessandro Petazzi 02 Q1 2025 results Alessandro Petazzi & Diego Fiorentini 03 Key takeaways & 2025 guidance Alessandro Petazzi 04 Financial Calendar 2025 Julia Weinhart Financial Calendar 2025 13 February 2025 Announcement of preliminary unaudited FY2024 results 27 March 2025 Publication of the Annual Report 2024 Our coverage: Volker Bosse - Baader Bank Baptiste de Leudeville - Kepler Cheuvreux Ausano Crivelli Cajrati - ZKB Christian Salis - Hauck Aufhäuser Investment Banking 15 May 2025 Publication of Q1 2025 Trading Update 25 June 2025 Annual General Meeting 7 August 2025 Publication of H1 2025 Report 17-18 September 2025 Investora Zurich Conference 22 September 2025 Baader Investment Conference Munich 6 November 2025 Publication of Q3 2025 Trading Update 25 November 2025 Deutsches Eigenkapitalforum 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 2025 financial results Thank you [email protected] https://www.lastminute.com

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