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Nexi Q1 2019 Result lts Presentation ay 10 th th , 2019 May 1 Di - PowerPoint PPT Presentation

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Nexi Q1 2019 Result lts Presentation ay 10 th th , 2019 May 1 Di Disclaimer This Presentation may contain written and oral forward -looking statements, which includes all statements that do not relate solely to historical or current

  1. Nexi Q1 2019 Result lts Presentation ay 10 th th , 2019 May 1

  2. Di Disclaimer  This Presentation may contain written and oral “forward -looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections and provisional data concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the control of Nexi Group (the “Company”) . There are a variety of factors that may cause actual results and performance to be materially different from the explicit or implicit contents of any forward-looking statements and thus, such forward-looking statements are not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The information and opinions contained in this Presentation are provided as at the date hereof and are subject to change without notice. Neither this Presentation nor any part of it nor the fact of its distribution may form the basis of, or be relied on or in connection with, any contract or investment decision.  The information, statements and opinions contained in this Presentation are for information purposes only and do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful (the “Other Countries”), and there will be no public offer of any such securities in the United States. This Presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or the Other Countries.  Pursuant the consolidated law on financial intermediation of 24 February 1998 (article 154-bis, paragraph 2) Enrico Marchini, in his capacity as manager responsible for the preparation of the Company’s financial reports declares that the accounting information contained in this Presentation reflects Nexi Group’s documented results, financial accounts and accounting records.  This Presentation has been prepared on a voluntary basis since the financial disclosure additional to the half-year and annual ones is no longer compulsory pursuant to law 25/2016 in application of Directive 2013/50/EU. Nexi Group is therefore not bound to prepare similar presentations in the future, unless where provided by law. Neither the Company nor any of its representatives, directors or employees accept any liability whatsoever in connection with this Presentation or any of its contents or in relation to any loss arising from its use or from any reliance placed upon it. 2

  3. Executive Su Summary St Strong foc ocus on on fin financial de deli livery ry  EBITDA +21 EBIT 21.0% YoY oY gr growt wth, at 110.6 € M in Q1 ’ 2019  Revenues +5.1% YoY reported growth at 226.5 € M in Q1 ’ 2019, +6.8% YoY oY und underly lyin ing gr growt wth excluding run-off of zero-margin hardware reselling contracts from acquisitions Co Continued pr progress on on key bu busin iness initiatives  Merchant Servic ices and Solu lutions (47% of Revenues): good progress on SME Smart POS proposition, large merchants omni-channel and E-commerce  Cards and Dig igit ital Payments (41% of Revenues): continuous progress on international debit, acceleration on YAP Q1 results millennials payments app and CVM up/cross selling activities highlights  Dig igit ital Bankin ing Solu lutio ions (12% of Revenues): new propositions rollout (Digital Corporate Banking, ATM, Open Banking) supporting underlying growth from H2  Cost initiatives and integration synergies contributing to -6.5% YoY reported costs reduction, Co -4.0% YoY oY excluding run-off of zero-margin hardware reselling contracts, despite continued investments  Non-recurring costs below EBITDA ~-60 60% YoY oY  IT strategy delivery progressing according to plan Overall Q1 res Ov esults well ell on on track to to de deliv liver Fin Financia ial Gu Guid idance 3

  4. Ne Nexi: i: The le lead adin ing Pay ayTech with ith fu full ll co coverage of of th the pay ayments eco cosystem % of Group Revenues Mer erchant Ser Services s & Solu Solutions a ~50% 50% Car Cards an and Dig Digital Payments ~40% ~4 Digital Di l Ban Banking Solu Solutions s ~1 ~10% One-stop op solu olution provider Com omprehensive port ortfolio, lea leading towards Driving adop Dri option on of of advan vanced ed banking Lead Leading the he evolu olution towards ds com ompl plete e for or mer erchants s of of all all cat ategories s an and d siz size com omplete dig digit italisa sation of of pa paym yments so solut lutions ns an and d de devel veloping ng Open pen Ban anking dig digital alisa sation on of of pa paym yments Bus usines iness s ATMs AT SME solu olutions Large mer merch chants Con onsumer Cards Commerci cial Cards Ins nstant Pa Payments ts om omni-ch channel Act Activ ivitie ies Mer erchant Ser Services s Mer erchant Ser Services s Mer erchant Ser Services s Digita Dig tal Cor orporate PSD2 (Gateway) & PS Banking e-Co Commerce ce & Dat Data-enabled & Solu Solutio ions & Solu Solutio ions & Solu Solutio ions Mo Mobile Pa Payments Pa Payment Ap Apps Ope pen Banking Inv nvisible Pa Payments prod pr oducts 936m 936m 13.4 13.4k ~420k ~42 3.2bn 3.2 2.4 2.4bn ~890k ~89 € 249 249bn 41m 41m € 197 197bn Scale Sc ale 1 Number of ATMs Corporate Merchants Value of Number of Payment Cards Value of Number of Clearing managed Banking Transactions served Transactions Managed Transactions Transactions Transactions Workstations Share Sh are of of ~70 ~70% ~60 ~60% 16 16-70% 70% Ser Served ved Market 2 Mer erchant Ser Services s Clien lients s Ser Served ved & Sol Solutio ions 150 Ban Banks >8 >800 00k SM SMEs Es ~30m Cardholders Key y Figures Figures Revenues: 931 931 € M (+ (+ 6% % YoY oY) EBITDA: 424 EB 424 € M (+ (+ 15% 15% YoY oY) 20 2018 18 PF Source: Company information. (1) 2018 data. (2) Merchant Acquiring and Card Issuing data refer to International Schemes only 2018; Digital Banking solutions shares are based on 2018 data (excl. Clearing based on 2017). 4

  5. Financial Fin l guid idance  5-7% 7% ann annual ne net revenue gr growth over medium term Ne Net Revenues  2019 growth at lower end of range due to one-time effect of selected contracts run-offs 1 ; growth after 2019 at higher end of the range  13 13-16 16% ann annual EBI EBITDA gr growth over medium term EBITDA EBIT  2019 2019 EBI EBITDA of of ~ € 49 490 0 mill illion, implying YoY growth at the up upper en end of of ran ange  Continued strong op operating le leverage  >6 Non Non-recurrin ing g >60% 0% red eduction in in no non-recurring g it items s in in 2019 2019 2 Items  Rapid further decrease of non-recurring items affecting reported EBITDA thereafter  8-10 10% or ordinary cap apex as as % of of ne net revenues over long term Capex Cap  Total capex in 2019 (including ordinary and transformation capex) at 16-17% of net revenues  Tot otal cap apex to o trend towards or ordinary cap apex as as % of of ne net revenues s over medium to long term  Organic de de-leverag aging with tar arget ne net de debt of of ~2 ~2.0 .0-2.5x 5x EBI EBITDA over med edium to lo long term erm Cap Capit ital l Str Structure &  Invest in in or organic gr growth; potentially consider accretive and strategically compelling M&A Capit Cap ital l Al Allocation  Progress ssive moderate di dividend pol policy, targeting pay-out ratio of 20-30% of distributable profits in medium to long term Source: Management information 5 Notes: (1) Run-off of zero margin HW reselling contracts of acquired businesses (2) Non-recurring items affecting reported EBITDA in 2019, excluding extraordinary IPO/refinancing expenses

  6. Q1 2019 Key-Financials 6

  7. Healt lthy re revenue growth an and str strong EBIT ITDA performance Net Revenues ( € M) EBITDA ( € M) Underlying growth 6.8% 6.8% 42% 49% Margin % (excl. run-off of zero-margin HW reselling contracts from acquisitions) 5.1% 22 226.5 6.5 215.4 .4 21.0% .0% 110.6 11 0.6 91 91.4 .4 Q1 ’18 1 Q1 ’18 1 Q1 ’19 Q1 ’19 Source: Company information 7 Note: (1) Proforma for Group reorganization and OASI / Bassilichi not core disposal

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