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ME International : 2025 INTERIM Results INVESTOR pRESENTATION (250722 ME Group 2025 Interim Results Presentation Final)
ME International : 2025 INTERIM Results INVESTOR pRESENTATION (250722 ME Group 2025 Interim Results Presentation

About this update from Me Group International Plc
ME Group International plc Unaudited results for the six months ended 30 April 2025 2025 Interim Results July 2025 Agenda About us 4 Financial Review 11 Business Review 21 Conclusion 28 H1 2025 Highlights Record profitability, with Group Profit Before Tax up 13.3%, benefiting from operational leverage as the number of machines in operation increased Continued evolution of business mix, with laundry operations now 33.5% of Group vending revenue and 47.7% of Group EBITDA Further expansion of laundry estate - a record 523 net Revolution units deployed in H1 Highly cash generative, with cash generated from operations up 14.1% Continued focus on shareholder returns, with Interim dividend up 11.6% About us 4 ME Group International plc Business at a glance ME Group is an international market leader in automated self-service equipment, aimed primarily at the consumer sector KEY PARTNERSHIPS Continental Europe An established operational network across three core geographies: Continental Europe (largest region) UK & Republic of Ireland Asia Pacific UK & Republic of Ireland Asia Pacific Vending machines in operation Number of countries in which we operate R&D Centres COSMOS Pharmaceutical Corporation 48,590 16 2 Business overview Core activities are photobooth and laundry operations Machine estate comprises high-quality and user-friendly design Focused on maximising return on capital - very quick return on investment across Photo.ME and Wash.ME Significant competitive advantage across our key markets Our key strengths include: Strong financial position Long-standing site partnerships Laundry opportunity Established photobooths estate Asset lifecycle Entrepreneurial spirit Our Products Core activities Ancillary activities OTHER VENDING Evolution of business mix - five year overview 6% H1 2021 £94.6m 56% 25% 13% VENDING REVENUE 4% 4% 33% H1 2025 £140.4m 59% Revenue from Laundry operations has increased by a third in the last 5 years Photo.ME Wash.ME Print.ME Other vending Our growth strategy Expansion in existing and new geographic territories Entering new market segments New product and technology innovation Continued expansion and Strategic mergers and acquisitions 9 ME Group International plc diversification of services Financial Review 10 ME Group International plc Key Financials (1) H1 2025 H1 2024 H1 2025 H1 2024 £30.0m H1 2025 H1 2024 REPORTED REVENUE £153.8m £53.2m £51.2m £150.4m EBITDA 2 PROFIT BEFORE TAX £34.0m £34.9m at constant currency 1 £54.5m at constant currency 1 £157.4m at constant currency 1 Strong financial performance, driven by rapid expansion of laundry operations Reported Group revenue grew by 2.3% up 4.7% at constant currency 1 up 5.9% excluding H1 2024 contribution from SEMPA SAS at constant currency 1 Reported Group EBITDA 2 grew by 3.9% up 6.4% at constant currency 1 EBITDA 2 margin increased to 34.6% Reported Group profit before tax grew by 13.3% up 16.3% at constant currency 1 11 ME Group International plc 1 Constant currency is H1 2025 results translated using H1 2024 foreign exchange rates. This excludes the impact from foreign exchange rate movements over the past 12 months which saw a 2.7% decline in value against the British pound sterling of both the Japanese yen (average rate of exchange used in H1 2025 was yen/£ 192.67 vs H1 2024 yen/£187.60) and the euro pound sterling (average rate of exchange used in H1 2025 was €/£1.194 vs H1 2024 1.163) 2 EBITDA is profit before depreciation, amortisation, non-operating income/expense and finance cost and income Key Financials (2) H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 CASH GENERATED FROM OPERATIONS £47.6m £41.7m CAPEX £28.8m £26.6m NET CASH 1 £36.2m £21.7m 1 Net cash excludes lease liabilities of £9.7 million. Highly cash generative business with a strong balance sheet, with cash generated from operations up 14.1% Capex increased to support reinvestment in future growth; £14.4m was related to laundry expansion Net cash 1 balance improved by £14.5m, after £11.0m of loan repayments and investment in growth and dividend payment Well-capitalised and in a strong financial position Earnings per share and dividend H1 2025 H1 2024 H1 2025 DILUTED EARNINGS PER SHARE 5.97p 6.74p 3.85p INTERIM DIVIDEND PER SHARE Diluted earnings per share up 12.8%, reflecting continued focus on profitable growth Interim dividend up 11.6% to 3.85p, returning £14.5m to shareholders Dividend policy seeks to pay annual dividends in excess of 55% of annual profits after tax, subject to capital requirements. 3.45p H1 2024 Revenue bridge £150.4m £153.8m 5.3 (3.2) 0.2 0.3 0.8 £m 180 £157.4m at constant currency 1 160 140 120 100 80 60 40 20 0 30 April 2024 Laundry Photobooths Kiosks Other Vending Sales 30 April 2025 Profit before tax bridge £34.9m £m at constant currency 1 2.3 (0.8) 0.5 1.2 (2.7) 3.4 (0.7) 1.2 (0.1) (0.3) £34.0m £30.0m 40 35 30 25 20 15 10 5 0 30 April 2024 Changes in revenue Commission Labour costs IFRS16 impact Exchange gain Consumable spare parts Amortisation & depreciation Finance costs & other gains Indirect costs & overheads Profit/loss on sale of PPE 30 April 2025 Net cash bridge £m 100 90 5.1 (28.9) 80 70 60 50 40 30 20 10 0 31 October 2024 Operating cash flow Acquisition of subsidiary £38.2m £36.2m 47.6 (1.0) (10.9) (13.0) (0.9) Sale of assets Investment in estate & infrastructure Tax Dividends paid Interest and finance 30 April 2025 Continental Europe REVENUE £102.0m £98.3m H1 2025 H1 2024 Countries of operations 3 10 £104.6m at constant currency 1 No. of Vending units 27,425 H1 2024: 26,564 % of total Group revenue 66.3% H1 2025 H1 2024 VENDING REVENUE 2 BY BUSINESS AREA Photobooths Laundry Printing kiosks Other vending OPERATING PROFIT £5.3m (6%) £1.2m (1%) £30.7m (35%) £51.8 (58%) £25.7m £21.0m £26.4m at constant currency 1 Revenue grew by 3.8%, up 6.4% at constant currency 1 , driven by laundry growth - a further 350 Revolution machines installed Wash.ME vending revenue up 11.2%, up 14.1% at constant currency 1 Photo.ME vending revenue declined 2.3%, 0.4% lower at constant currency 1 , due to a technical issue now resolved Print.ME vending up 3.9%, up 7.8% at constant currency 1 , benefiting from SpeedLab rollout Operating profit significantly up 22.4%, up 25.7% at constant currency 1 1 Constant currency, see definition on slide 10 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and service United Kingdom & Republic of Ireland H1 2025 H1 2024 REVENUE £26.1m £26.3m £25.7m at constant currency 1 Countries of operations 2 No. of Vending units 6,201 H1 2024: 6,357 % of total Group revenue 17.0% £7.2m £7.8m H1 2025 H1 2024 VENDING REVENUE 2 BY BUSINESS AREA Photobooths Laundry Printing kiosks Other vending OPERATING PROFIT £0.1m (0%) (3%) £8.6m (33%) £16.3m (64%) £7.9m at constant currency 1 £0.9m Revenue grew by 1.6%, up 2.3% at constant currency 1 , driven by laundry performance Wash.ME vending revenue up 16.4%, up 17.1% at constant currency 1 Photo.ME vending revenue down 16.5%, due to the end of a contract, which had a limited profit impact Operating profit up 8.3%, which reflected growth of high-margin laundry operations and cost efficiencies 18 ME Group International plc 1 Constant currency, see definition on slide 10 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and service Asia Pacific H1 2025 H1 2024 REVENUE £25.7m £26.4m £26.5m at constant currency 1 Countries of operations 3 4 No. of Vending units 14,964 (H1 2024: 15,024) % of total Group revenue 16.7% VENDING REVENUE 2 BY BUSINESS AREA Photobooths Other vending OPERATING PROFIT £3.9m £3.3m H1 2025 H1 2024 £3.2m (13%) £22.3m (87%) £4.0m at constant currency 1 Revenue declined 2.7%, up 0.4% at constant currency 1 Photo.ME vending revenue down 1.3%, up 1.3% at constant currency 1 , with stable demand Vending revenue from Other Vending operations (mainly orange juice machines) remained flat. Freshly squeezed orange juice vending business continued to expand, with 487 machines in operation Operating profit up 18.2%, up 21.2% at constant currency 1 19 ME Group International plc 1 Constant currency, see definition on slide 10 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and service 3 Australia, China, Japan, Singapore, Business Review 20 ME Group International plc Core activity Integrated biometric photo identification solutions A global leader in the photobooth market for instant photo ID, portraits and fun photographs H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 VENDING REVENUE 2 £82.7m £85.9m £29.6m £29.3m EBITDA £5.7m £9.0m CAPEX £30.3m at constant currency 1 £84.5m % of total Group revenue 53.8% H1 2024: 57.2% Number of Vending units 30,557 H1 2024: 30,708 Countries of operations 4 16 at constant currency 1 % of Group EBTIDA 55.6% H1 2024: 57.2% Average revenue per machine 3 £2,704 H1 2024: £2,795 EBITDA margin 35.8% H1 2024: 34.1% Vending revenue declined by 3.7% (down 1.4% at constant currency 1 ), due to a now-resolved printer technical issue in France Removal of 522 units following the ending of a contract with Sainsbury's Continued investment in next-generation machine rollout, albeit slower than expected due to the printer issue EBITDA and EBITDA margin improvement 1 Constant currency, see definition on slide 10 2 Revenue earned solely from the operation of photobooths. 3 Average revenue per machine, excluding VAT for the six months ended 30 April 2025 Core activity Largest business area by number of machines, revenue, and EBITDA contribution The Group continues to build awareness in new market segments, including: Partnership with Paris Saint-Germain to launch its first AI image offering across 500 next-generation Photomaton photobooths Acquisition of 116 photobooth units in Belgium, building on existing operations in the region Significant innovation in fun photo products using AI to consolidate market position Core activity Unattended 24/7 laundry services and launderettes EBITDA margin 4 54.0% H1 2024: 50.6% % of Group EBTIDA 47.7% H1 2024: 41.2% Total number of units deployed 3 8,528 H1 2024: 7,317 Large-capacity, energy-saving rapid self-service laundry service H1 2025 H1 2024 H1 2025 H1 2024 TOTAL REVENUE FROM LAUNDRY OPERATIONS 2 £51.9m £44.1m TOTAL LAUNDRY EBITDA £25.4m £21.1m £25.9m at constant currency 1 £53.0m at constant currency 1 Total revenue from laundry up 17.7%, up 20.2% at constant currency 1 Total number of laundry machines deployed 3 increased by 16.6% EBITDA and EBITDA margin 4 improvement 1 Constant currency, see definition on slide 10 2 Revenue from the operation of laundry machines plus revenue from the sale of laundry machines 23 ME Group International plc 3 Total number of units deployed (owned, sold and acquired) 4 EBITDA margin calculation is based on vending revenue, not total revenue from laundry operation Core activity Revolution laundry operations £46.7m £41.2m VENDING REVENUE FROM REVOLUTION 2 H1 2025 H1 2024 £12.0m £14.4m REVOLUTION CAPEX £47.7m % of total Group revenue 30.4% H1 2024: 27.4% Average revenue per machine 3 £6,976 H1 2024: £7,171 Number of Revolutions in operation 6,956 H1 2024: 5,957 Countries of operations 4 12 at constant currency 1 H1 2025 H1 2024 £14.5m at constant currency 1 Further 523 Revolution machines installations Vending revenue 2 increased 13.3%; up 15.8% at constant currency 1 Average revenue per machine lower due to additional machines installed in 232 high demand sites Capex increased 20% reflecting rapid expansion On track to install approximately 1,200 net new Revolution laundry machines in 2025 1 Constant currency, see definition on slide 10 24 ME Group International plc 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and services 3 Average revenue per machine excluding VAT for the six months ended 30 April 2025 4 Austria, Belgium, China, France, Germany, Republic of Ireland, Japan, the Netherlands, Portugal, Spain, Switzerland, United Kingdom Ancillary activity High-quality digital printing services H1 2025 H1 2024 H1 2025 H1 2024 VENDING REVENUE 2 £5.4m £5.2m £2.3m £2.0m EBITDA CAPEX £2.4m at constant currency 1 £5.6m % of total Group revenue 3.5% H1 2024: 3.5% Number of Vending units 4,471 H1 2024: 4,635 Countries of operations 4 9 at constant currency 1 % of Group EBTIDA 4.3% H1 2024: 3.9% Average revenue per machine 3 £1,200 H1 2024: £1,110 EBITDA margin 42.6% H1 2024: 38.5% H1 2025 £3.3m H1 2024 £0.2m Vending revenue 2 grew 3.8%; up 7.7% at constant currency 1 Average revenue per machine 3 increased by 8.1%, up 12.1% at constant currency 1 Capex focused on the installation of new Speedlab machines in France to refresh the portfolio and functionality 1 Constant currency, see definition on slide 10 25 ME Group International plc 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and services . 3 Average revenue per machine excluding VAT for the six months ended 30 April 2025 4 Belgium, France, Germany, Japan, the Netherlands, Portugal, Spain, Switzerland, United Kingdom Ancillary activity Other Vending Feed.ME, Amuse.ME, Copy.ME, Miscellaneous H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 VENDING REVENUE 2 £5.3m £5.0m £6.4m £5.8m EBITDA £0.6m £1.4m CAPEX £6.6m at constant currency 1 £5.4m Number of Vending units 6,579 H1 2024: 6,611 Countries of operations 3 14 at constant currency 1 % of total Group revenue 3.4% H1 2024: 3.3% % of Group total vending units 13.5% H1 2024: 13.8% Typically operated in high-footfall locations alongside core activities, enabling the Group to leverage synergies Vending revenue up 6.0%; up 8% at constant currency 1 Revenue and EBITDA exclude the H1 2024 contribution from SEMPA SAS, which was sold in May 2024 487 freshly squeezed orange juice vending machines operated in Japan and Australia 1 Constant currency, see definition on slide 10 26 ME Group International plc 2 Vending revenue is revenue earned from machines in operation and excludes revenue from the sale of equipment, consumables, spare parts and services 3 Australia, Austria, Belgium, China, France, Germany, Republic of Ireland, Japan, the Netherlands, Portugal, Spain, Singapore, Switzerland, United Kingdom Conclusion 27 Me Group International plc Summary and Outlook Further strategy progress and profit growth Highly cash generative and strong balance sheet, supporting investment in future growth Laundry expansion moving at pace, with laundry operations now contributing 47.7% to Group EBITDA Ongoing innovation and R&D - launch of Kee.ME automated key-cutting service with three machine trial in France Focus on shareholders returns - interim dividend up 11.6% and commitment to paying in excess of 55% of annual profit after tax to shareholders H2, typically the seasonally strongest trading period, with positive trading momentum seen across its operations On track to deliver another year of record profitability, between £76 million and £80 million, with FY 2025 profit performance in line with expectations 1 1 this statement constitutes a profit forecast for the purposes of Rule 28.1 of the City Code on Takeovers and Mergers. Further information on the basis of preparation of this profit Questions? Investor contacts Email: [email protected] Serge Crasnianski, CEO & Deputy Chairman Appointed to the Board in 2009. Previously served on the Board from 1990 to 2007; until 1994 as a Non-executive Director, from 1994 as an Executive Director and as Chief Executive Officer from 1998 to 2007. Founded KIS in 1963. Stéphane Gibon, CFO Joined the Company in 1997, in the role of Head of Controlling. He was appointed Chief Financial Officer in 2018. Vlad Crasneanscki, Executive Director Appointed to the Board in June 2025. His responsibilities include Head of Investor Relations and Managing Director of UK
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