Slides
Page 1
Annual General Meeting CONFIDENTIAL ©Pluxee – All rights reserved December 18, 2024
Page 2
CONFIDENTIAL ©Pluxee – All rights reserved 2 Didier Michaud-Daniel Executive Chair of the Board of Directors Opening Remarks
Page 3
Outstanding performance in Fiscal 2024 exceeding all business and financial objectives An exceptional year CONFIDENTIAL ©Pluxee – All rights reserved 3
Page 4
CONFIDENTIAL ©Pluxee – All rights reserved Board composition 4 Didier Michaud-Daniel Executive Chair Sophie Bellon Audit Committee Nathalie Bellon-Szabo Nomination & Remuneration Committee François-Xavier Bellon Nomination & Remuneration Committee Guillaume Boutin Lead Director Audit Committee; Nomination & Remuneration Committee BénédicteChrétien Chair of the Nomination & Remuneration Committee Arnaud Loiseau Nomination & Remuneration Committee Michel-Alain Proch Laszlo Szabo Audit Committee Bénédictede RaphélisSoissan Audit Committee Chair of the Audit Committee Independent Directors:
Page 5
CONFIDENTIAL ©Pluxee – All rights reserved Board of Directors Core Skills Sustainability Governance Entrepreneurship Human Resources Finance/M&A Technology Digital/Data CyberPayments Marketing & Sales International General Management 55
Page 6
CONFIDENTIAL ©Pluxee – All rights reserved 6 Béatrice Bihr Chief Legal Officer & Group General Counsel, Secretary for the Annual General Meeting Agenda
Page 7
CONFIDENTIAL ©Pluxee – All rights reserved Annual General Meeting 2024 Agenda Fiscal 2024 Highlights and Outlook Aurélien Sonet — Chief Executive Officer Opening Remarks Didier Michaud-Daniel — Executive Chair of the Board of Directors Fiscal 2024 Financial Performance Stéphane Lhopiteau — Chief Financial Officer Presentation of the Resolutions Béatrice Bihr — Chief Legal Officer and Group General Counsel Secretary for Annual General Meeting Word from the External Auditor Feicovan der Ploeg — PricewaterhouseCoopers Accountants N.V. Questions & Answers Vote of the Resolutions Beatrice Bihr - Chief Legal Officer & Group General Counsel Agenda Beatrice Bihr — Chief Legal Officer & Group General Counsel 7
Page 8
w Agenda of Resolutions 8CONFIDENTIAL ©Pluxee – All rights reserved Annual Report for the fiscal year 2024 Dividend Discharge of liability of members of the Board Authorization to the Board as the competent body to repurchase shares (voting item) Renewal of the term of office of the statutory auditor for the fiscal year 2025(voting item) Report of the Board for the fiscal year 2024 (non-voting item) Remuneration report for the fiscal year 2024 (advisory voting item) Annual accounts for the fiscal year 2024 (voting item) Presentation of the dividend policy (non-voting item) Adoption of the dividend proposal (voting item) Discharge of the Executive Directors in respect of the performance of their duties during the fiscal year 2024 (voting item) Discharge of the Non-Executive Directors in respect of the performance of their duties during the fiscal year 2024 (voting item) 2a — 2b — 2c — 3a — 3b — 4a — 4b — 2 3 4 5 6
Page 9
CONFIDENTIAL ©Pluxee – All rights reserved 9 Aurélien Sonet Chief Executive Officer Fiscal 2024 Highlights & Outlook
Page 10
CONFIDENTIAL ©Pluxee – All rights reserved A year rich in milestones with successful delivery across all dimensions 10 Sep. 2023 – Jan. 2024 April 2024 First successful H1 results released as a standalone company Objectives upgraded for Fiscal 2024 for Organic revenue growth and Recurring EBITDA margin Pluxee rebranding Governance at Board and ExCom level revealed June 2024 Agreement to acquire Cobee, an Employee benefit digital-native player Completion of the strategic partnership with Santander in Brazil Feb. – Mar 2024 Listing of Pluxee on Euronext Paris following spin-off from Sodexo Group €1.1bn refinancing through inaugural bond issuance ExCom strengthened and enhanced geographic governance Objective upgraded for Organic revenue growth for the 2nd time in the year July 2024 Capital Markets Day and EU prospectus filed with the Dutch Authority for the Financial Markets (AFM) Fiscal 2024 Exceeding all our business and financial objectives in Fiscal 2024 NOTE: Completion of the Cobee acquisition on September 27, 2024.
Page 11
Clients provide employee consumers with digital wallet/card CONFIDENTIAL ©Pluxee – All rights reserved 11 Highly cash generative Scalable business model Balance sheet Cash flow Revenue streams Benefit rights SOURCE: Company information as of Fiscal Year 2024 ConsumersMerchants Pluxee reimburses merchants net of commission Merchant commissions Clients Consumers spend with digital wallet/card at affiliated merchants Interest income on Float €2.8bn float as of Aug 24 Client commissions Pluxee collects cash from clients Pluxee pre-loads clients' employees’ digital wallet/card1 2 3 4
Page 12
CONFIDENTIAL ©Pluxee – All rights reserved Ambitious strategic roadmap driven by six key initiatives 12 Elevate benefit offering Address evolving client and consumer needs Expand merchant engagement Reinforce win-win partnership Scale up existing presence Address untapped opportunities in Engagement and Reward & Recognition Unlock full client potential From existing clients throughupselling and cross- selling Acquire new clients With focus on small and medium enterprises, through segmented sales and marketing strategy Drive profitability Pursue efficiency gains and benefit from operating leverage 1 2 3 4 5 6
Page 13
NOTE: (1) Only qualified employees: Sexual harassment, anti-corruption/anti-bribery, data privacy. Conflict of Interest for Senior Leaders. /(2) Across all countries. / (3) Indirect emissions relative to Scope 3registered an exceptional increase explained by the Spin-off and rebranding efforts. CONFIDENTIAL ©Pluxee – All rights reserved A year of continued progress on Pluxee's ESG journey 13 Be a trusted partner Toward individuals Local communities Environment Anchor business integrity and transparency while protecting data of all stakeholders Improve people’s well-being and promote inclusion to contribute to engagement Support development of local communities and vulnerable populations Contribute to a positive environmental impact as part of the Group’s Net-Zero trajectory Employees trained in Responsible Business conduct(1) Business volume reimbursed benefiting small & medium merchants Scope 1 & 2 Carbon emissions reduction vs. 2017(3) Women in Leadership Positions(2) FY 2024 = €6.2bn FY 2026 = €8bn FY 2024 = 99.6% FY 2026 > 99% FY 2024 = 39.9% FY 2026 = at least 42% FY 2024 = -50% FY 2035 = Net-Zero
Page 14
14 Continue to deliver successfully on our strategic initiatives Strong development momentum well above target €1.6bn Development among new clients in annualized business volume issued €1.3bn+ annually Fiscal 24 - 26 Reminder | Medium-term business targets Proven capacity to realize full potential of client portfolio Above103% Net retention rate in business volume issued Above 100% by Fiscal 2026 Efficient portfolio management leading to additional increase in average face value €1.3bn Incremental business volume issued from increase in average face value contributing to Net retention €3bn+ cumulative Fiscal 24 - 26 CONFIDENTIAL ©Pluxee – All rights reserved NOTE: Excluding Public benefits and presented at constant rates Fiscal 2024 achievements
Page 15
+36m +500k +1.7m INDIA – Strong engagement with merchants Offering a one stop payment solution combining a point-of-sale system (POS) and one single QR code for all types of transactions BRAZIL– Leading multi-benefit approach Increasing freedom of choice for more than 330,000 consumers benefiting from a comprehensive multi-benefit offer(1) FRANCE – Meeting evolving client needs Deployment of a dedicated meal benefit program to French security forces during the Olympic & Paralympic games 15CONFIDENTIAL ©Pluxee – All rights reserved Creating value for our highly interconnected B2B2C 60% merchants choosing at least 2 Pluxee solutions Merchants Beyond a traffic booster, a valued business partner Clients Beyond a generalist benefit provider, a tech-enabled HR partner Consumers Beyond a transaction enabler, an enhancer of employee experience 50% new clients equipped 50% new clients equipped
Page 16
Fiscal 2024 financial objective +18.6% organic growth -3.9% currency impact Total revenues +24.8% organic growth 36.4% Recurring EBITDA margin on an organic basis(1) Recurring EBITDA 88% Recurring Cash conversion rate(2) Recurring Free cash flow Fiscal 2024 performance exceeding financial objectives CONFIDENTIAL ©Pluxee – All rights reserved Low double-digit growth revised twice up to c. +18% Above 70% on average over Fiscal 2024-2026 At least stable at 34.5% including standalone costsrevised up toat least 35.0% 16 Fiscal 2024 financial objective Fiscal 2024 financial objective €1,210m €430m €379m NOTE: Fiscal year ending August 31, 2024 / (1) 35.6% at current rates / (2) Ratio of Recurring Free Cash Flow on Recurring EBITDA.
Page 17
€133m Net Profit attributable to equity holders of the parent Adjusted Net Profit(1) attributable to equity holders of the parent 25% Dividend payout ratio based on Adjusted Net Profit(1) Proposed dividend per share(2) Enhanced shareholder dividend distribution 17CONFIDENTIAL ©Pluxee – All rights reserved +64.2% variation vs. Fiscal 2023 €1.39 Adjusted Basic Earnings per share NOTE: Fiscal year ending August 31, 2024 / (1)Adjusted net profit serves as the basis for calculating dividend payout ratio. Adjusted net profit consists of Net profit attributable to equity holders of the parent restated for the impact of items recognized in Other operating income and expenses, net of income tax and non-controlling interest. / (2) Conditional on the approval of the shareholders at the Annual Shareholders’ Meeting to be held on December 18, 2024. €203m €0.35 Expected dividend distribution on December 24, 2024
Page 18
Low double-digit confirmed per year based on a higher Fiscal 2024 revenue base Including expected slight organic growth in Float revenue year-on-year(2) +75bps margin expansion expected in each of Fiscal 2025 and 2026(3) Implying delivery of the CMD target one year ahead of plan Above 75% Recurring cash conversion rate on average over Fiscal 2024-2026 Upgraded Fiscal 2025 & 2026 financial objectives Initial objectives at CMD Fiscal 2024 achievements Organic revenue growth Recurring EBITDA margin Recurring cash conversion rate Low double-digit per year +250 bps 3-year organic margin expansion by Fiscal 2026(1) Above 70% on average over Fiscal 2024-2026 +18.6% +183bps(1) 88% Upgraded Fiscal 2025 and 2026 financial objectives 18CONFIDENTIAL ©Pluxee – All rights reserved NOTE: Fiscal 2025 and 2026 financial objectives include the synergies to be generated through the deployment of the partnership with Santander and the integration of the Cobee acquisition. (1) At Fiscal 2023 constant rates / (2) Based on latest available forward curves at the time of the release /(3) At Fiscal 2024 constant rates
Page 19
CONFIDENTIAL ©Pluxee – All rights reserved 19 Stéphane Lhopiteau Chief Financial Officer Fiscal 2024 Financial Performance
Page 20
Employee Benefits boosting business volumes growth • Sustained double-digit growth in Employee benefits business volumes in Fiscal 2024 incl. Q4 +€1.5bn in Employee Benefits business volume, fuelled by strong commercial dynamics across all regions • Other products and services reflecting one-off effects in Public benefits 11,8% 13,0% 10,0% 11,1% Fiscal Q1 2024 Fiscal Q2 2024 Fiscal Q3 2024 Fiscal Q4 2024 Quarterly evolution of Employee Benefits BVI organic growth +11.5% €4.1bn €4.4bn €1.3bn €1.3bn Q4 FY 2023 Q4 FY 2024 €5.4bn €5.7bn €16.6bn €18.1bn €6.2bn €5.8bn Fiscal 2023 Fiscal 2024 €22.8bn €24.0bn +11.1% 20 +11.5% Business volumes issued Employee Benefits Other products and services YoY organic growth in employee benefits +X% CONFIDENTIAL ©Pluxee – All rights reserved NOTE: Fiscal year ending August 31, 2024
Page 21
+18.6% Organic revenue growth driven by all regions • Sustained performance reflecting strong business dynamics across regions • Double-digit Organic revenue growth delivered across all regions in Fiscal 2024 • Strong underlying business trends continued in Q4, partly offset by the well-flagged base effects in Latin America All regions Rest of the world Cont. Europe Latin America 12 months +18.6% 4th quarter +10.6% 12 months +14.5% 4th quarter +12.1% 12 months +17.3% 4th quarter +4.2% 12 months +31.0% 4th quarter +21.8% CONFIDENTIAL ©Pluxee – All rights reserved €534m 44% €460m 38% €1,210m 100% 21 €216m 18%
Page 22
Outstanding level of Organic revenue growth in Fiscal 2024 22 Total revenues by nature 270 281 33 40 Q4 FY 2023 Q4 FY 2024 953 1 055 99 155 Fiscal 2023 Fiscal 2024 +8.1% +30.3% +13.3% +69.0% Organic growth: +18.6% Currency effect: -3.9% Organic growth: +10.6% Currency effect: -6.1% Operating revenue Float revenue YoY organic growth+X% €303m €320m €1,052m €1,210m CONFIDENTIAL ©Pluxee – All rights reserved NOTE: (1)Announced at Capital markets day in January 2024 • Fiscal 2024 Organic revenue growth significantly above initial low double-digit objective(1) • Operating revenue performance driven by Employee benefit activity, i.e. +16.7% organic growth • Significant upward business trends supported by macro tailwinds driving up average face value and Float revenue
Page 23
Strong increase in Recurring EBITDA 23 Recurring EBITDA and Recurring EBITDA margin ramping up • Recurring EBITDA growing +24.8% organically while absorbing new standalone costs +183bps organic improvement in Recurring EBITDA margin driven by: • Steady growth in Operating revenue in all regions • Positive contribution of Float revenue • Operational leverage and efficiency gains, visible especially in H2 Fiscal 2024 +183bps organically +105bps at current rates +24.8% organic growth +18.5% total growth €363m €430m Fiscal 2023 Fiscal 2024 34,5% 35,6% Fiscal 2023 Fiscal 2024 36.4% on organic basis +€67m +183 bps organic growth CONFIDENTIAL ©Pluxee – All rights reserved
Page 24
24 Strong increase in Net profit and Cash generation Net Profit attributable to equity holders of the parent €133m €203m Adjusted +64.2% variation vs. Fiscal 2023 Recurring Free cash flow €379m €289m in Fiscal 2023 excluding one-off(1) Cash conversion rate 88% 80% in Fiscal 2023 excluding one-off(1) NOTE: (1) Change in working capital in Fiscal2023 including impact from the evolution in regulation in Brazil for 191 million euros CONFIDENTIAL ©Pluxee – All rights reserved
Page 25
Secured capital structure and financial profile 25 • Net financial cash position of €1,054m as of Aug. 31, 2024 • +€195m improvement mainly reflecting solid cash flow generation • Solid balance sheet consisting of: • €3,203m total liquidity position including €973m of Restricted cash • €1.1bn gross debt consisting of €1.1bn refinancing through inaugural bond issuance • Investment grade with a BBB+ rating & a stable outlook from S&P €1,054m €1,421m €(1,181)m €814m €973m Total cash positionNet financial cash excl. restricted cash Gross debt(1) -A B A B Current financial assets Restricted cash Cash and cash equivalents Total Liquidity Position: €3,208m CONFIDENTIAL ©Pluxee – All rights reserved NOTE: (1) Including (i) €1.1bn of bonds issued on March 4, 2024, (ii) €63m of lease liabilities and (iii) €6m of bank overdrafts Net cash position as of August 31, 2024
Page 26
Clear capital allocation framework 26 1 2 3 Targeted and financially disciplined approach to growth strategy • Average annual capital expenditure of c.10% of total revenues to support strategic growth initiatives • Tech and data to remain a significant focus • Capital expenditure efficiency as a key area of focus Continue to invest for growth • Focus on adding business volume, broadening offerings and enriching tech capabilities • Leverage dedicated and well- experienced M&A team • Integrate highly skilled people fitting with Pluxee’sculture and vision • Realize synergies thanks to robust integration execution Targeted & well-executed M&A • €0.35 proposed dividend per ordinary share(1) corresponding to a 25% dividend payout based on the Adjusted Net Profit (2) in Fiscal 2024 • Regular review of shareholder returnsbased on unfolding of M&A pipeline while preserving strong investment grade rating Attractive shareholders’ return CONFIDENTIAL ©Pluxee – All rights reserved NOTE: Fiscal year ending August 31, 2024/ (1) Conditional on the approval by the Board of Directors during Annual Shareholders’ Meeting held on December 18, 2024 / (2) Adjusted net profit consisting of Net profit attributable to Group equity holders restated for the impact of items recognized in Other operating income and expenses, net of related income tax and related non-controlling interests share.
Page 27
QUODAMMODO ©Alveus – Ob falsus tanquam Pluxee’s profitable growth story continues V1 CONFIDENTIAL ©Pluxee – All rights reserved 2727
Page 28
CONFIDENTIAL ©Pluxee – All rights reserved 28 Feico Van Der Ploeg PricewaterhouseCoopers Accountants N.V. External Auditor
Page 29
CONFIDENTIAL ©Pluxee – All rights reserved 29 Pluxee N.V. Audit Fiscal 2024 Presentation to Shareholders Conclusion • Unqualified audit opinion on Pluxee’s Fiscal 2024 consolidated & company financial statements Set-up of the Pluxee audit • Combined PwC group audit team • Materiality: € 14 million • Scope of the audit: 11 locations • Coverage: 75% of revenues, 74% of total assets, 79% of profit before tax • Involvement in local country audits Limited assurance 9 ESG indicators • Provided a limited assurance report on 9 defined ESG indicators • CSRD is not yet applicable for Pluxee for Fiscal 2024 Key Audit matters • Measurement of the recoverable amount of goodwill • Revenue recognition • Presentation of recurring operating profit in the consolidated income statement Approach to fraud risks • Evaluation of design of internal controls. • 2 specific fraud risks considered (mandatory based on auditing standards): o Management override of controls o Risk of fraud in revenue recognition • No indications of fraud Auditor independence • Actively monitored by group auditor • Approval required by both group management and group auditor • Periodic reporting to the audit committee Pluxee N.V. audit 2023/2024
Page 30
CONFIDENTIAL ©Pluxee – All rights reserved Questions & Answers 30 External Auditor PricewaterhouseCoopers Accountants N.V.
Page 31
©Pluxee – All rights reserved 31 Remuneration report for the Fiscal 2024 Provides an overview of the remuneration of the members of the Board of Directors for fiscal 2024 Outlines • Main elements of Pluxee's remuneration policy • Implementation of this policy for the past year No changes to the remuneration policy are being proposed for this General Meeting. Pluxee will continue to benchmark its Board remuneration policy The Fiscal 2024 Remuneration Report is submitted for an advisory vote in the General Meeting 2b —
Page 32
w Agenda of General Meeting 32CONFIDENTIAL ©Pluxee – All rights reserved Annual Report for the fiscal year 2024 Dividend Discharge of liability of members of the Board Authorization to the Board as the competent body to repurchase shares (voting item) Renewal of the term of office of the statutory auditor for the fiscal year 2025(voting item) Report of the Board for the fiscal year 2024 (non-voting item) Remuneration report for the fiscal year 2024 (advisory voting item) Annual accounts for the fiscal year 2024 (voting item) Presentation of the dividend policy (non-voting item) Adoption of the dividend proposal (voting item) Discharge of the Executive Directors in respect of the performance of their duties during the fiscal year 2024 (voting item) Discharge of the Non-Executive Directors in respect of the performance of their duties during the fiscal year 2024 (voting item) 2a — 2b — 2c — 3a — 3b — 4a — 4b — 2 3 4 5 6
Page 33
CONFIDENTIAL ©Pluxee – All rights reserved Questions & Answers 33
Page 34
CONFIDENTIAL ©Pluxee – All rights reserved Vote of the Resolutions 34
Page 35
Voting device instructions CONFIDENTIAL ©Pluxee – All rights reserved Smart Card The card must be properly inserted for the device to function To vote If you have this message on the device’s screen: your vote has been cast. « Received » notification Once the vote is open, simply press the button of your choice 35 If you need to change your vote, simply press another button. 1 2 3 FOR AGAINST ABASTAIN RESOLUTION 1 1 2 3 For Against Abstain 01 02 03
Page 36
Remuneration report for the Fiscal 2024 CONFIDENTIAL ©Pluxee – All rights reserved 2b — FINAL RESULT 160 508 771 26 847 069 1 305 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A14,33 %85,67 %
Page 37
2c — CONFIDENTIAL ©Pluxee – All rights reserved 184 934 945 336 2 421 864 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A>99,99 % <0,01 % Annual accounts for the Fiscal 2024
Page 38
>99,99 % <0,01 % Adoption of the dividend proposal 3b — CONFIDENTIAL ©Pluxee – All rights reserved 185 144 407 469 2 212 269 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A
Page 39
4a —Discharge of the Executive Directors in respect of the performance of their duties during the Fiscal 2024 CONFIDENTIAL ©Pluxee – All rights reserved 182 054 892 2 272 720 3 029 533 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A1,23 %98,77 %
Page 40
Discharge of the Non-Executive Directors in respect of the performance of their duties during the Fiscal 2024 4b — CONFIDENTIAL ©Pluxee – All rights reserved 155 773 030 28 554 572 3 029 543 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A15,49 %84,51 %
Page 41
Authorization to the Board as the competent body to repurchase shares 5 — CONFIDENTIAL ©Pluxee – All rights reserved 184 788 439 345 298 2 223 408 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A0,19 %99,81 %
Page 42
Renewal of the term of office of the statutory auditor for the Fiscal 2025 6 — CONFIDENTIAL ©Pluxee – All rights reserved 185 138 719 5 560 2 212 866 fFOR FINAL RESULTFOR AGAINST ABSTAIN N/A>99,99 % <0,01 %
Page 43
43CONFIDENTIAL ©Pluxee – All rights reserved
Page 44
CONFIDENTIAL ©Pluxee – All rights reserved 44 Appendices
Page 45
45 Appendix #1 Key Alternative Performance Measures (APM) CONFIDENTIAL ©Pluxee – All rights reserved ORGANIC REVENUE GROWTH Organic revenue growth is calculated as growth in the current period, calculated using the exchange rate for the prior fiscal period, and adjusted for the impact in the comparable prior period to include or remove the effect of acquisitions and/or divestitures that have occurred subsequent to that period. RECURRING OPERATING PROFIT (RECURRING EBIT) Recurring operating profit (Recurring EBIT) corresponds to Operating profit (EBIT) before Other operating income and expenses. RECURRING EBITDA Recurring EBITDA is used to assess the performance of reported operating segments. Recurring EBITDA is calculated by deducting the impact of amortization, depreciation and impairment of intangible assets, property, plant and equipment, and right-of-use assets relating to leases (as reported in the line Depreciation, amortization and impairment of the consolidated income statement) from the Recurring operating profit (Recurring EBIT) presented in the consolidated income statement. RECURRING EBITDA MARGIN Ratio of Recurring EBITDA to Total Revenues ADJUSTED NET PROFIT Adjusted net profit serves as the basis for calculating dividend payout ratio. Adjusted net profit consists of Net profit (attributable to Group equity holders) restated for the impact of items recognized in Other operating income and expenses, net of related income tax and related non-controlling interests share. ADJUSTED BASIC / DILUTED EARNINGS PER SHARE Adjusted basic or diluted earnings per ordinary share are calculated by dividing Adjusted net profit (attributable to the equity holders of the parent) by respectively basic weighted average number of shares or diluted weighted average number of shares.
Page 46
46 Appendix #2 Key Alternative Performance Measures (APM) CONFIDENTIAL ©Pluxee – All rights reserved RECURRING FREE CASH FLOW The Recurring free cash flow measures the net cash generated from operations that is available for strategic investments (net of divestments), for financial debt repayment, and for payments of dividends to shareholders. Recurring free cash flow is calculated as Net cash provided by operating activities as shown in the consolidated cash flow statement minus (i) Acquisitions of property, plant and equipment and intangible assets, (ii) Repayments of Lease liabilities and (iii) Restatement of Other operating income and expenses on Net cash from operating activities. RECURRING CASH CONVERSION RATE The Recurring cash conversion rate measures the ability of the Group to convert its Recurring EBITDA into Cash. Recurring cash conversion rate consists of the ratio of Recurring free cash flow to Recurring EBITDA. RECURRING LIQUIDITY GENERATED BY OPERATIONS (LGO) Recurring Liquidity Generated by Operations provides information to measure the net cash generated from operations regardless of the differences in regulations governing the issuance of digitally delivered services, cards and paper vouchers. Recurring Liquidity Generated by Operations is calculated as Recurring Free Cash Flow plus the Change in restricted cash related to the Float. NET FINANCIAL DEBT (CASH) Net Financial debt (cash) evaluates the Group's liquidity, capital structure and financial leverage. Net Financial debt (cash) consists of gross borrowings and lease liabilities, minus the Cash and cash equivalents (net of overdraft) and Current financial assets. FLOAT-RELATED CASH Float-related cash corresponds to the cash collected from clients in relation to the value loaded on cards or the issuance of digital solutions or paper vouchers, but not yet reimbursed to merchants (Float). Float is calculated as Value in circulation and related payables minus Net trade receivables related to the float (corresponding to Receivables related to the float restated from Advances from clients). NON-FLOAT-RELATED CASH Non-Float related Cash is calculated as Cash, Cash equivalents and Current financial assets excluding the cash collected from clients in relation to business volumes issued.
Page 47
Appendix #3 Fiscal 2025 financial calendar CONFIDENTIAL ©Pluxee – All rights reserved December 18 2024 Fiscal 2024 annual shareholders’ meeting Expected dividend distribution on December 24, 2024 January 8 2025 First quarter Fiscal 2025 revenues April 17 2025 First half Fiscal 2025 results July 3 2025 Third quarter Fiscal 2024 revenues October 30 2025 Annual Fiscal 2025 results 47
Page 48
48 €24 bn Business volume issued as of Fiscal 2024 CONFIDENTIAL ©Pluxee – All rights reserved About Pluxee Pluxee is a global leader in Employee Benefits and Engagement that operates in 29 countries. 5,415 Employees as at August 31, 2024 29(1) Countries 500,000+ Clients 37 million+ Consumers 1.7 million+ Merchants For more information: www.pluxeegroup.com (1) As part of its portfolio rationalization efforts, Pluxee exited two non-core countries in Fiscal 2024. Pluxee shapes the world of employee benefits and engagement by bringing to life a personalized and sustainable employee experience at work and beyond. Pluxee helps companies attract and retain talent thanks to a broad range of benefits and engagement solutions across Meal & Food, Well-being, Reward & Recognition, and Public Benefits. Powered by leading technology and more than 5,415 engaged team members, Pluxee is a trusted partner within a highly interconnected B2B2C ecosystem of more than 500,000+ clients, 37 million+ consumers and 1.7 million+ merchants. Building on more than 45 years of experience, Pluxee is committed to creating a positive impact by driving business in local communities, supporting employee well-being, and protecting the planet.
Page 49
IR, Communication and Press contacts CONFIDENTIAL ©Pluxee – All rights reserved Head of Investor Relations PAULINE BIREAUD +33 (0)6 22 58 83 51 pauline.bireaud@pluxeegroup.com 16, Rue du Passeur de Boulogne 92130 Issy-Les-Moulineaux investors@pluxeegroup.com www.pluxeegroup.com Chief Communication Officer CÉCILIA DE PIERREBOURG + 33 (0)6 03 30 46 98 cecilia.depierrebourg@pluxeegroup.com 49
Page 50
50 Forward-looking statements CONFIDENTIAL ©Pluxee – All rights reserved This presentation contains forward-looking statements. These forward-looking statements reflect the Group's intentions, current beliefs, expectations and assumptions, including, without limitation, assumptions regarding the Group's future business strategies and the environment in which the Group operates, and involve known and unknown risks, uncertainties and other important factors beyond the Group's control, which may cause the Group's actual results, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed in Pluxee’s annual report for the 2024 fiscal year, which is available on the Company's website (www.pluxeegroup.com) and the AFM website (www.afm.nl). The forward-looking statements are made as of the date of this presentation and Pluxee Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this presentation to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based,in France, the United States, or any other jurisdiction. Disclaimer This presentation includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this presentation. This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States, or any other jurisdiction.