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This content is classified as Internal Title 1H26 Results Presentation July 29th, 2026
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This content is classified as Internal 2 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. ▪ 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.
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3 3 1H26 Key highlights Continued delivery of growth Creating value for our Shareholders 1H26 Revenues at +1.0% Y/Y 1H26 Underlying growth at +5% Y/Y Stable EBITDA in 1H26 Excess cash at ~400 €M in 1H26 Shaping Nexi for future profitable growth Continued progress on the clear roadmap to close the valuation gap Strategic initiatives well on track Organisation simplification underway Disciplined cost containment initiatives Strong cash position enabled ~1 €B debt paydown, ~350 €M dividend distributions and the completion of Banca Popolare di Sondrio deal in 1H26 2026 Guidance confirmed
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4 4 Nexi continues to support the Digital Euro program, strengthening its position as a critical European payments infrastructure MEMBER OF THE DIGITAL EURO STAKEHOLDER GROUPS PARTICIPATION IN ECB’S PUBLIC TENDERS Selected for the development of the offline solution DEVELOPMENT OF FIRST DIGITAL EURO PROTOTYPE Shaping the rules 2021 – Today Testing the concept 4Q22 – 1Q23 Building the infrastructure 2025 – Today PRIME CONTRACTOR SUBCONTRACTOR PARTICIPATION IN DIGITAL EURO PILOT PROJECT Preparing for the launch 2026 – onwards Participant in the Digital Euro pilot project as Acquirer PSP Promoting a central Digital Euro banks processing infrastructure (“Nexi Digital Euro Hub”) to create relevant cost synergies across Banks MARKET ADVISORY GROUP RULEBOOK DEVELOPMENT GROUP EURO RETAIL PAYMENT BOARD ITALIAN PAYMENT COMMITTEE
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This content is classified as Internal Focus on 1H26 results
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This content is classified as Internal 6 Note: (1) Excluding known Banks lost due to M&A mainly in Italy and other discontinuities (e.g. banks’ contracts renegotiations). Resilient underlying revenue growth and stable EBITDA in 1H26, with catch-up of costs phased into 2Q26 from 1Q26. Bank contracts phasing effects in line with expectations Net revenues (€M) EBITDA (€M) 906 915 1,719 1,736 2Q25 2Q26 1H25 1H26 +1.0% +1.0% +4% Y/Y underlying growth1 +5% Y/Y underlying growth1 483 473 869 870 2Q25 2Q26 1H25 1H26 -1.9% +0.1% 50.6% 50.1% EBITDA margin 53.3% 51.7%
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This content is classified as Internal 7 Merchant Solutions: as expected, gradually recovering through the semester given phasing of bank contracts effects. Underlying revenues at +3% Y/Y Note: (1) Contribution to 1H Group Revenues. (2) Excluding known Banks lost due to M&A mainly in Italy and other discontinuities (e.g. banks’ contracts renegotiations). Merchant Solutions 411 423 1H25 1H26 +3.0% 1H25 1H26 9,681 10,225 +5.6% International Schemes International Schemes +4.1% +2.0% 56%1 Net revenues (€M) Managed Transactions (#M) Value of Managed Transactions (€B) 523 522 984 976 2Q25 2Q26 1H25 1H26 -0.2% -0.8% +3% Y/Y underlying growth2 +3% Y/Y underlying growth2 As expected, volumes and revenues impacted by bank contracts effects in 1H26. 2Q26 gradually recovering in spite of macro softness in Germany Continued volume growth, also supported by Nexi Bancomat processing hub ramp-up, despite some headwinds on consumer spend ISVs and direct channels progressing well. Positive contribution from VAS upselling
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This content is classified as Internal 8 Issuing Solutions Note: (1) Contribution to 1H Group Revenues. Issuing Solutions: growth supported by healthy volumes dynamics 448 480 1H25 1H26 +7.2% 10,414 11,305 1H25 1H26 +8.6% +9.7%International Schemes +8.8%International Schemes 33%1 Net revenues (€M) Managed Transactions (#M) Value of Managed Transactions (€B) 289 293 555 571 2Q25 2Q26 1H25 1H26 +1.5% +3.0% Continued International schemes growth. National schemes sustained by Nexi Bancomat processing hub ramp-up in Italy Strong volume growth, notwithstanding the initial impacts from known bank lost in Italy due to M&A Continued success of international debit in Italy and up-selling/cross-selling of VAS
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This content is classified as Internal 9 Note: (1) Contribution to 1H Group Revenues. Digital Banking Solutions 11%1 Digital Banking Solutions: sustained revenue growth, thanks to volume growth and phasing of some initiatives Continued volume growth thanks to SEPA Clearing, Open banking, Network services and PagoPA bill payments transactions Positive contribution from phasing of some projects (e.g. Banks M&A projects) and new initiatives o Digital Euro offline project o Zippay A2A solution for Irish Banks o Verification-Of-Payee services Net revenues (€M) 94 100 181 189 2Q25 2Q26 1H25 1H26 +6.0% +4.5%
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This content is classified as Internal 10 As expected, exceptional bank contracts effects mainly impacting MS revenues, partially offset by continued growth in IS and DBS. Performance improved in 2Q26 Revenue performance across geographies in 1H26 impacted by specific effects but benefitting from Group diversification Note: (1) Contribution to 1H Group Revenues. 1H25 1H26 1,015 1,020 +0.4% 294 289 1H25 1H26 -1.7% 158 169 1H25 1H26 +7.2% 252 258 1H25 1H26 +2.5% Italy Nordics DACH CSEE Growth supported by volume dynamics, the completion of previously mentioned client onboarding and ISVs strategic initiatives, in spite of macro softness in Germany which affected 2Q26 Performance affected by previously disclosed single client migration at the end of 2025 in Issuing Solutions, while benefitting from VAS, E-commerce and national schemes Performance sustained by volume growth despite unfavorable volume mix and some price pressure in E-commerce in Poland 10%1 59%1 17%1 15%1
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This content is classified as Internal 11 Disciplined cost execution in 1H26, notwithstanding volume and business growth, inflationary pressure and strategic investments Disciplined cost execution notwithstanding volume and business growth, inflationary pressure and strategic investments to drive future growth. Catch-up of operating expenses phased into 2Q26 from 1Q26 Evolution reflecting inflationary pressure and investments in key strategic areas started in 2025 Benefitting from costs efficiencies, also enabled by AI initiatives, despite volume and business growth and inflationary pressure Total Costs (€M) Personnel costs Operating costs 237 246 464 464 187 195 386 402 2Q25 2Q26 1H25 1H26 424 442 850 866 +4.2% +1.9% Personnel Costs Operating Costs +4.2% +0.1% +4.4% +4.1%
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This content is classified as Internal 12 Cash Capex decreasing despite continued investments to support innovation, quality and IT transformation 172 168 1H25 1H26 -2.6% % of 1H25 net revenues 10% % of 1H26 net revenues 10% Continued reduction of total Cash Capex, down ~3% y/y in 1H26, thanks to continued focus on Capex efficiency and some phasing effects within the year Continued progress on IT platforms modernization and consolidation Continued investments to support innovation, quality and security Cash Capex (€M)
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This content is classified as Internal 13 Strong excess cash generation in 1H26 872 538 400 1H26 Reported EBITDA -168 Cash Capex -75 Non-recurring cash items -91 ∆ NWC Operating Cash Flow -21 Cash Taxes -85 Net Financial Cash Expenses -33 Other Cash items2 Excess Cash Note: Including assets held for sale. (1) Operating cash flow generation after cash interest expenses and other cash items (cash taxes, IFRS 16 and other). (2) Lease payments (IFRS16) and others. -1.8% y/y Excess cash generation1(€M)
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This content is classified as Internal 14 Capital allocation Excess cash1 EBITDA Y/Y growth broadly in line with 2025 Merchant Solutions reaccelerating Absolute amount broadly stable, after strategic investments ~750 €M, after strategic investments and higher taxes 0.30 € per share equal to ~350 €M dividend distribution Commitment to Investment Grade Net Revenues 2026 guidance confirmed Note: (1) Operating cash flow generation after cash interest expenses and other cash items (cash taxes, IFRS 16 and other).
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This content is classified as Internal Q&A
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This content is classified as Internal Annex
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This content is classified as Internal 17 €M 1H25 1H26 Δ% vs. 1H25 2Q25 2Q26 Δ% vs. 2Q25 Merchant Solutions 984 976 -0.8% 523 522 -0.2% Issuing Solutions 555 571 +3.0% 289 293 +1.5% Digital Banking Solutions 181 189 +4.5% 94 100 +6.0% Net revenues 1,719 1,736 +1.0% 906 915 +1.0% Personnel Costs (386) (402) +4.2% (187) (195) +4.4% Operating Costs (464) (464) +0.1% (237) (246) +4.1% Total Costs (850) (866) +1.9% (424) (442) +4.2% EBITDA 869 870 +0.1% 483 473 -1.9% Ordinary D&A (238) (225) -5.4% Normalised Interests & financing costs (123) (103) -16.3% Normalised Pre-tax profit 508 542 +6.6% Income taxes (169) (178) +5.7% Profit / loss after tax from AFS, equity investments and minorities (8) (9) +12.1% Normalised Net profit 331 354 +7.0% Group P&L Data at constant FX.
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This content is classified as Internal 18 Well diversified revenue base both in terms of business and geography at scale, with exposure to fast growing European markets By geography By business By type 11% 33% 56% Merchant Solutions Issuing Solutions Digital Banking Solutions 10% 15% 59%17% 34% 66% Installed based Volume driven 17% 83% Variable costs Fixed Costs 78% 22% Merchant Solutions 53% 47% Issuing Solutions 43% 57% Digital Banking Solutions Italy DACH Nordics CSEE 1H26 Revenues breakdown 1H26 Costs breakdown by type
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This content is classified as Internal 19 Jun 25 Sept 25 Dec 25 Mar 26 Jun 26 Gross Financial Debt 7,108 6,937 6,788 6,801 5,903 Cash 1,922 1,799 1,833 1,925 788 Cash Equivalents 1 89 98 13 16 16 Net Financial Debt 5,097 5,040 4,942 4,860 5,098 Net Financial Debt / EBITDA at 2.7x LTM 2Q25 LTM 3Q25 FY25 LTM 1Q26 LTM 2Q26 2.7x 2.6x 2.6x 2.5x 2.7x LTM EBITDA (€M)2 1,8971,899 1,902 1,907 Net Financial Debt (€M) Net Financial Debt / EBITDA Note: (1) Visa and other listed shares. (2) Including assets held for sale. (3) As of June 30th, 2026. After hedge and excluding the other financial liabilities (e.g. earnouts, IFRS16, etc.) as well as the S/T financial debt; debt is at nominal value. Lower gross financial debt after the reimbursement of ~1 €B of debt maturities with available cash ~350 €M dividends to shareholders in May 2026 and completion of the Banca Popolare di Sondrio deal in April 2026 Investment grade status reaffirmed by both Fitch and S&P in July Weighted average debt maturity of ~3 years, with average pre-tax cash cost of debt at ~2.5%3 (75% fixed-rate) 1,895 2.4x pre BPS deal and dividends in 2Q26
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This content is classified as Internal 20 Bridge from Reported EBITDA to Normalised Net Profit €M 115 354 218 60 -9 -60 1H26 Normalised Net Profit 1H26 Reported EBITDA -443 D&A Net profit/loss of AFS and equity investments -104 Interest Expenses Non recurring items -150 Taxes 0 Minorities 1H26 Reported Net Profit 872 -28 -2 0 At constant FX D&A customer contracts ∆ Interest expenses Non recurring items ∆ Taxes o/w ~12 €M severance
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This content is classified as Internal 21 Bridge from excess cash to cash flow of the period €M 400 -1,044 -352 -182 1H26 Excess Cash -911 Δ Debt Δ Equity Net M&A Cash Flow of the period
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This content is classified as Internal 22 Debt maturities as of 1H26 Note: (1) Expressed at nominal value, excludes the other M/L T financial liabilities as well as the S/T debt. (2) Assuming full exercise of the 1Y extension option on the 900 €M term facility. (3) Amortising term loan with semi-annual installments and 6 months of grace period. (4) Amortising term loan with semi-annual installments and 2 years of grace period. 500 750 100 2026 2027 2028 2029 2030 9002 913 2031 2032 2024 2033 1,741 1,000 1,050 1,000 Term Loans Senior Notes Convertible Notes Nexi Group Debt Maturity Schedule1 (€M) already reimbursed in April
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This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com