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Q3 2026 REVENUE October 21, 2026
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2 DISCLAIMER This presentation contains forward-looking statements regarding the prospects and growth strategies of Edenred and its subsidiaries (the “Group”). These statements include statements relating to the Group’s intentions, strategies, growth prospects, and trends in its results of operations, financial situation and liquidity. Although such statements are based on data, assumptions and estimates that the Group considers reasonable, they are subject to known and unknown risks and uncertainties and actual results could differ materially from those expressed or implied in such statements due to a variety of factors, including those discussed in the Group’s filings with the French Autorité des Marchés Financiers (AMF) which are available on Edenred's website (www.edenred.com). Prospective information contained in this presentation is given only as of the date hereof. Other than as required by law, the Group expressly disclaims any obligation to update its forward-looking statements in light of new information or future developments. No information provided in the presentation constitutes or should be used or considered as an offer to sell or a solicitation of any offer to buy the securities or services of Edenred or any other issuer in any jurisdiction whatsoever. None of Edenred or any of its subsidiaries, advisors or representatives shall have any liability whatsoever for any loss howsoever arising from any use of this presentation or its content or otherwise arising in connection with this presentation.
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3 SPEAKER Virginie Duperat-Vergne Chief Financial Officer 3
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4 1. Including impact from Meal & Food regulatory change in Italy and Brazil 2. Vs. a range of ~€1,230m and ~€1,270m given at H1 2026 publication: revised range includes scope effect of transactions closed in Q3 2026 and is based on exchange rates as of June 30, 2026 3. Like-for-like growth, excluding impact from Meal & Food regulatory change in Italy and Brazil On the back of sound Q3 performance, Edenred confirms its guidance for FY 2026, a rebasing year in the context of a Meal & Food regulatory reset in Italy and Brazil: At 9M 2026, Edenred delivers a sustained commercial performance with 7.6% operating revenue intrinsic3 growth : 9M 2026 operating revenue of €2,027m, up 1.1% as reported and 0.6% like for like vs. 9M 2025 o In Q3 2026, operating revenue of €667m, stable as reported and down 1.2% like for like vs. Q3 2025 corresponding to 6.6% intr insic3 growth: o Double-digit like-for-like growth in Mobility o Mid-single digit intrinsic3 growth in Benefits & Engagement 9M 2026 other revenue stable at €171m: FY 2026 now estimated at minimum €210m 9M 2026 total revenue of €2,198m, up 1.0% as reported and 0.6% like for like vs. 9M 2025 ≥35%1 -10% / -7%1 EBITDA LFL growth (equivalent to ~€1,220m / ~€1,260m, updated to take into account scope effect)2 Free cash flow/EBITDA conversion rate EXECUTIVE SUMMARY (1/3)
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5 Edenred executes Amplify25-28 strategy with discipline, as evidenced by: Strengthening SME reach with a new partnership for Benefits & Engagement in France leveraging Edenred+, the Group’s new best-in-class multi benefits platform Developing cross-sell potential in Mexico and seizing upsell opportunity in Japan Edenred can rely on its unique combination of assets to take advantage of a fast-evolving world: The appeal of its digital services reinforcing purchasing power, increasing employee engagement and favoring more efficient mobility Its unique positioning on large, growing and vastly underpenetrated markets Its business model that has proven to be efficient: o A multi-local footprint and diversified business mix bringing highly recurring revenues o A cutting-edge, highly flexible, digital platform to foster innovation and seize new business opportunities such as cross-sell initiatives, new distribution partnerships and the development of sophisticated B2C offerings o A solid free cash flow generation fueling a strong investment capacity in Product & Tech, including Data & AI, to provide increasingly efficient and user-friendly solutions Attract Enrich EXECUTIVE SUMMARY (2/3)
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6 Edenred will soon resume its sustainable and profitable growth trajectory, confirming its outlook for both 2027 and 2028: EXECUTIVE SUMMARY (3/3) ≥65% +8% / +12% EBITDA LFL growth Free cash flow/EBITDA conversion rate1 1. At constant regulation and methodology
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7 AGENDA 1. Key highlights 2. Q3 2026 revenue 3. Outlook
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8 8 Sound operating revenue growth
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9 +6.6% +7.6% -1.2% +0.6% Operating revenue LFL growth (%) Steady intrinsic1 growth: ▪ Double-digit like-for-like growth in Mobility ▪ Mid-single digit intrinsic1 growth in Benefits & Engagement Despite: ▪ Full impact of the new Brazilian Meal & Food regulation in Q3 ▪ Impact of new Italian Meal & Food regulation on y-o-y growth until end of August 2026 1. Like-for-like growth, excluding impact from Meal & Food regulatory change in Italy and Brazil DELIVERING SOUND INTRINSIC¹ OPERATING REVENUE GROWTH IN THE FIRST NINE MONTHS Operating revenue LFL growth (%) Operating revenue intrinsic¹ growth (%) Q3 2026 (vs. last year) 9M 2026 (vs. last year)
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10 SUSTAINED DOUBLE-DIGIT GROWTH IN MOBILITY Operating revenue per business line (€m) 9M 2025 9M 2026 2,027 +0.6% 67% 26% 7% 65% 28% 7%+2.3% +11.0% -3.4% Benefits & Engagement Mobility 2,006 9M 2025 9M 2026 +7.6%1 +2.3% +11.0% +6.9%1 % like-for-like growth % like-for-like instrinsic1 growth 1. Like-for-like growth, excluding impact from Meal & Food regulatory change in Italy and Brazil LFL growth Intrinsic1 growth Payment Solutions & New Markets
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11 9M 2025 9M 2026 Operating revenue per geography (€m) 60% 30% 10% 59% 31% 10%+9.3% -0.1% -0.4% Europe Latin America Rest of the World 9M 2025 9M 2026 +9.3% +12.2%1 +5.0%1 % like-for-like growth % like-for-like instrinsic1 growth 1. Like-for-like growth, excluding impact from Meal & Food regulatory change in Italy and Brazil DOUBLE-DIGIT INTRINSIC1 GROWTH IN LATIN AMERICA LFL growth Intrinsic1 growth 2,0272,006 +7.6%1+0.6%
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12 12 Executing Amplify25-28 strategy with discipline
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1313 Page 13 STRENGTHENING SME REACH WITH A NEW PARTNERSHIP FOR EMPLOYEE BENEFITS IN FRANCE Boosting SME acquisition New distribution partnership with HRIS¹ in Europe #1 • 950k SME clients in France • 8m monthly paychecks 6k+ ~25%chartered accountants distributing Edenred’s solutions of French SMEs are Silae’s clients Fully integrated within • Preferred user app • State-of-the-art technology: full API, full cloud, seamless onboarding • New best-in-class multi benefits platform 4.7/5 rating Edenred+ Attract Enrich Activate 1. Human Resources Information System 13 13
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1414 Page 14 Attract Enrich Activate BOOSTING CROSS-SELL WITHIN AND ACROSS BUSINESS LINES IN MEXICO 20262025 Fuel Fuel + EV (in pilot) + Own-yard Ø 80k+ Meal & Food users Mobility Benefits & Engagement Leader and largest baking company in the world Enabled by Edenred's unique portfolio of solutions Edenred solutions >+20% in average revenue per vehicle ~€100m in Meal & Food business volume Increasing value per user 14
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1515 Page 15 Attract Enrich Activate REGULATORY UPSIDE CONVERTED INTO STRONG COMMERCIAL MOMENTUM IN JAPAN Face value increase (April 2026) Operating revenue LFL growth YTD #1 player +300k users Fastest growing country for Meal & Food …unlocking the next phase of commercial growth… Meal & Food positive regulatory evolution… …leading to strong business impact Increase in number of clients YTD >+100% >+40% >+50% • Targeted marketing campaigns, notably on LNA & SME • First provider of mobile payment 15 15
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16 AGENDA 1. Key highlights 2. Q3 2026 revenue 3. Outlook
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17 TOTAL REVENUE STABLE VS. Q3 2025 Q3 2026 top-line FXScopeLFL growth Q3 2026 €667m Q3 2025 €667m -1.2% +2.2% -0.9% +0.0% +1.2% €58m€59m Q3 2026Q3 2025 -2.0% Q3 2026Q3 2025 -0.9% +2.1% €725m€726m -1.3% 0.0% reported growth -0.8% reported growth 0.0% reported growth + =Operating revenue Other revenue Total revenue FXScopeLFL growth FXScopeLFL growth
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18 RESILIENT PERFORMANCE SUPPORTED BY THE DIVERSITY OF OUR SOLUTIONS PORTFOLIO… Q3 2026 operating revenue – by business line € 424m (64%)€202m (30%) €41m (6%) Q3 2026 comments Mobility Fuel: robust performance, marginally supported by fuel price increase in Q3 2026 Beyond Fuel: double-digit growth, reflecting the efficiency of Edenred’s state-of-the-art platform and the relevance of Edenred's offer (e.g., EV2, maintenance, toll, freight payment, VAT recovery) Benefits & Engagement Meal & Food: sound intrinsic1 growth supported by good sales in Latin America and Southern Europe fueled by numerous client wins Beyond Food: steady growth, notably in Latin America Payment Solutions & New Markets Consistent double-digit growth of the digital gift vouchers offering in Taiwan Slowdown in the UAE due to the Middle East conflict Tail effect of the exit from BaaS B2C until end-2026 Benefits & Engagement Mobility Payment Solutions & New Markets Operating revenue In €m Q3 2026 LFL change Q3 2026 Intrinsic growth1 9M 2026 LFL change 9M 2026 Intrinsic growth1 Benefits & Engagement -5.9% +5.8% -3.4% +6.9% Mobility +10.7% +10.7% +11.0% +11.0% Payment Solutions & New Markets -0.5% -0.5% +2.3% +2.3% Edenred -1.2% +6.6% +0.6% +7.6% Q3 2026 1. Like-for-like growth, excluding impact Meal & Food regulatory change in Italy and Brazil 2. Electric Vehicle
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19 …AND BROAD GEOGRAPHIC MIX Q3 2026 operating revenue – by geography Europe Mobility: double-digit growth boosted by a strong performance in Germany and France, as well as Edenred Finance Benefits & Engagement: sustained commercial performance, offset by a high basis of comparison in Italy (due to one-off effect of anticipated orders from clients in August 2025, before the start of the new regulation) Latin America Mobility: double-digit growth, notably driven by the success of the Beyond Fuel offering (maintenance, toll and freight payment) Benefits & Engagement : double-digit intrinsic1 growth with good sales in Mexico and Brazil Rest of the World Growth supported by double-digit growth in Japan, Taiwan and Turkey, hampered by the slowdown of Edenred’s activities in the UAE due to the conflict in the Middle East €385m (58%) €221m (33%) €61m (9%) Europe Latin America Rest of the World Operating revenue Q3 2026 comments In €m Q3 2026 LFL change Q3 2026 Intrinsic growth1 9M 2026 LFL change 9M 2026 Intrinsic growth1 Europe -2.2% +2.9% -0.4% +5.0% Latin America -1.9% +13.6% -0.1% +12.2% Rest of the World +6.6% +6.6% +9.3% +9.3% Edenred -1.2% +6.6% +0.6% +7.6% Q3 2026 1. Like-for-like growth, excluding impact from Meal & Food regulatory change in Italy and Brazil
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20 Q3 2026 other revenue Sustained float increase Brazil Meal & Food regulatory change Interest rates higher than anticipated Other revenue (in €m) Q3 2026 Q3 2025 Reported change 9M 2026 9M 2025 Reported change Benefits & Engagement 54 54 +0.2% 158 155 +1.7% Mobility 0 0 n.m 0 1 n.m Payment Solutions & New Markets 4 5 -9.7% 13 15 -10.2% Total 59 -0.8% 171 +0.3%58 171 STABLE OTHER REVENUE IN Q3, MINIMUM €210M NOW EXPECTED IN FY 2026 €210M Q3 2026 comments Ongoing BaaS B2C exit
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21 AGENDA 1. Key highlights 2. Q3 2026 revenue 3. Outlook
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22 22 1. Including impact from Meal & Food regulatory change in Italy and Brazil 2. Vs. a range of ~€1,230m and ~€1,270m given at H1 2026 publication: revised range includes scope effect of transactions closed in Q3 2026 and is based on exchange rates as of June 30, 2026 Confirmed guidance EBITDA (LFL growth) FCF/EBITDA conversion rate 2026 -10% / -7%1 ≥35%1 equivalent to ~€1,220m / ~€1,260m (updated to take into account scope effect of transactions closed in Q3 2026)2 EDENRED CONFIRMS ITS FY 2026 TARGETS
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2323 Page 23 EDENRED ON TRACK TO RESUME SOLID EBITDA GROWTH FROM 2027 ONWARDS 23 Supported by its diversified business model and the sustained attractiveness of its product offerings, Edenred confirms its short and medium term guidance 2 1 The current macro environment provides further opportunities (e.g. face value increases, fuel cost control, raising interest rates) 4 5 Navigating a challenging environment, Edenred has solid strengths: • World-class digital solutions that meets basic corporate needs (ranging from meal benefit and employee engagement to mobility) • Large, growing and vastly underpenetrated markets • Disciplined execution of its Amplify25-28 strategy: grow the number of users and generate more revenue per user) Moving from incremental to transformational, Edenred unleashes the power of data and AI to extend its competitive edge 3 Leveraging its unrivalled, highly flexible, digital platform, Edenred drives product & technology innovation, fosters convergence and expands connections with its ecosystem to become a distributing and distributed platform 23
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24 241. At constant regulation and methodology Confirmed Outlook EBITDA (LFL growth) FCF/EBITDA conversion rate 2027 +8%/+12% ≥65%1 2028 +8%/+12% ≥65%1 BEYOND THE 2026 REBASING YEAR, EDENRED CONFIRMS ITS OUTLOOK FOR 2027 AND 2028
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25 APPENDICES 25
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26 TOTAL REVENUE UP 0.6% LFL AT 9M 2026 9M 2026 top-line FXScopeLFL growth 9M 2026 €2,027m 9M 2025 €2,006m +0.6% -0.5% +0.9% +0.0% +0.2% €171m€171m 9M 20269M 2025 +0.1% 9M 20269M 2025 -0.5% +0.8% €2,198m€2,177m +0.6% +1.1% reported growth +0.3% reported growth +1.0% reported growth FXScopeLFL growth FXScopeLFL growth + =Operating revenue Other revenue Total revenue
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27 OPERATING REVENUE BY BUSINESS LINE Q1 Q2 Q3 9M In € millions 2026 2025 2026 2025 2026 2025 2026 2025 Benefits & Engagement 446 450 441 455 424 445 1,311 1,350 Mobility 176 165 197 169 202 173 575 507 Payment Solutions & New Markets 51 52 49 48 41 49 141 149 Operating revenue 673 667 687 672 667 667 2,027 2,006 Q1 Q2 Q3 9M In % Reported Like-for- like Reported Like-for- like Reported Like-for- like Reported Like-for- like Benefits & Engagement -1.0% +0.2% -3.1% -4.6% -4.5% -5.9% -2.9% -3.4% Mobility +6.7% +10.0% +17.0% +12.3% +16.3% +10.7% +13.4% +11.0% Payment Solutions & New Markets -1.0% +6.2% +0.7% +0.8% -15.8% -0.5% -5.3% +2.3% Operating revenue +0.9% +3.1% +2.2% +0.0% +0.0% -1.2% +1.1% +0.6%
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28 OPERATING REVENUE BY REGION Q1 Q2 Q3 9M In % Reported Like-for- like Reported Like-for- like Reported Like-for- like Reported Like-for- like Europe -0.4% +0.6% -0.1% +0.2% -1.7% -2.2% -0.7% -0.4% Latin America +4.0% +4.7% +5.8% -3.1% +6.2% -1.9% +5.3% -0.1% Rest of the world -0.1% +12.6% +6.1% +8.4% -8.6% +6.6% -0.9% +9.3% Operating revenue +0.9% +3.1% +2.2% +0.0% +0.0% -1.2% +1.1% +0.6% Q1 Q2 Q3 9M In € millions 2026 2025 2026 2025 2026 2025 2026 2025 Europe 400 401 410 411 385 392 1,195 1,204 Latin America 204 196 208 196 221 208 632 600 Rest of the world 69 70 69 65 61 67 200 202 Operating revenue 673 667 687 672 667 667 2,027 2,006
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29 OTHER REVENUE Q1 Q2 Q3 9M In % Reported Like-for- like Reported Like-for- like Reported Like-for- like Reported Like-for- like Benefits & Engagement +1.8% +5.4% +3.1% -0.2% +0.2% -0.9% +1.7% +1.4% Mobility n.m n.m n.m n.m n.m n.m n.m n.m Payment Solutions & New Markets -15.2% -11.4% -5.0% -6.0% -9.7% -11.6% -10.2% -9.7% Other revenue -0.4% +3.2% +2.3% -0.8% -0.8% -2.0% +0.3% +0.1% Q1 Q2 Q3 9M In € millions 2026 2025 2026 2025 2026 2025 2026 2025 Benefits & Engagement 52 51 52 50 54 54 158 155 Mobility 1 1 -1 n.m n.m n.m n.m 1 Payment Solutions & New Markets 4 5 5 5 4 5 13 15 Other revenue 57 57 56 55 58 59 171 171
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30 TOTAL REVENUE Q1 Q2 Q3 9M In € millions 2026 2025 2026 2025 2026 2025 2026 2025 Benefits & Engagement 498 501 493 505 478 499 1,469 1,505 Mobility 177 166 196 169 202 173 575 508 Payment Solutions & New Markets 55 57 54 53 45 54 154 164 Total revenue 730 724 743 727 725 726 2,198 2,177 Q1 Q2 Q3 9M In % Reported Like-for- like Reported Like-for- like Reported Like-for- like Reported Like-for- like Benefits & Engagement -0.7% +0.7% -2.5% -4.2% -4.0% -5.4% -2.4% -2.9% Mobility +6.5% +9.8% +16.9% +12.2% +16.3% +10.6% +13.3% +10.9% Payment Solutions & New Markets -2.4% +4.5% +0.2% +0.2% -15.3% -1.5% -5.8% +1.2% Total revenue +0.8% +3.1% +2.2% +0.0% +0.0% -1.3% +1.0% +0.6%
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31 AVERAGE EXCHANGE RATES Average rates Average rates Spot rate as of 30.09.2026 Spot rate as of 30.09.2025€1 = X foreign currency Q1 2026 Q1 2025 2026 vs. 2025 Change (in %) Q2 2026 Q2 2025 2026 vs. 2025 Change (in %) Q3 2026 Q3 2025 2026 vs. 2025 Change (in %) Q 4 2 0 2 5 Q4 2025 YTD 2025 Brazilian real (BRL) 6.16 6.17 0.0% 5.87 6.42 +9.3% 5.91 6.38 +7.9% 6.28 6.31 5.92 6.26 Mexican Peso (MXN) 20.55 21.48 +4.5% 20.23 22.12 +9.3% 19.84 21.78 +9.8% 21.32 21.68 20.21 21.58 British Pound Sterling (GBP) 0.87 0.84 -3.8% 0.87 0.85 -2.0% 0.86 0.87 +1.2% 0.87 0.86 0.86 0.87 US Dollar (USD) 1.17 1.05 -10.2% 1.16 1.13 -2.6% 1.15 1.17 +1.6% 1.16 1.13 1.14 1.17 Romanian Leu (RON) 5.09 4.98 -2.3% 5.19 5.03 -3.1% 5.25 5.07 -3.4% 5.09 5.04 5.28 5.08 Turkish Lira (TRY) 51.20 40.99 -19.9% 54.98 51.64 -6.1% 60.91 52.55 -13.7% 55.81 50.48 55.73 48.52 Argentine Peso (ARS) 1,595 1,156 -27.5% 1,779 1,643 -7.6% 1,824 1,843 +1.0% 2,123 1,706 1,735 1,552