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This content is classified as Internal Title 9M26 Results Presentation November 5th, 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 to 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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This content is classified as Internal 3 9M26 Key highlights Software development fully integrated with product design and adopting Agentic capabilities at scale Improving time-to-market and local agility while enhancing cost efficiency Upgrade to Investment Grade by Moody’s in September 2026 Net financial debt / EBITDA down to 2.6x (2.4x excl. 2026 dividends and BPS deal) Shaping Nexi for future profitable growth Nexi and Deutsche Telekom selected by the ECB to provide the Digital Euro Network Service Provider (NSP) Connectivity Our role as critical European infrastructure Creating value for our Shareholders New organization completed Capital structure Continued delivery of growth 9M26 Revenues at +1.1% Y/Y, with underlying growth at +4% Y/Y. MS re-accelerating Stable EBITDA in 9M26, sustained by enhanced cost efficiency 2026 Guidance confirmed 100% success rate on bank contract renewals in the last 2+ years Bank contract renewals
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This content is classified as Internal Focus on 9M26 results
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This content is classified as Internal 5 Note: (1) Excluding known Banks lost due to M&A mainly in Italy and other discontinuities (e.g. banks’ contracts renegotiations). Continuous improvement in revenue growth and resilient underlying performance. Stable EBITDA thanks to enhanced cost efficiency Net revenues (€M) EBITDA (€M) 929 942 2,649 2,678 3Q25 3Q26 9M25 9M26 +1.3% +1.1% +4% Y/Y underlying growth1 +4% Y/Y underlying growth1 527 530 1,396 1,400 3Q25 3Q26 9M25 9M26 +0.6% +0.3% 52.7% 52.3% EBITDA margin 56.7% 56.3%
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This content is classified as Internal 6 Merchant Solutions: as expected, continued gradual recovery through the period given phasing of bank contracts effects. Underlying revenues at +3% Y/Y Note: (1) Contribution to 9M Group Revenues. (2) Excluding known Banks lost due to M&A mainly in Italy and other discontinuities (e.g. banks’ contracts renegotiations). Merchant Solutions 639 658 9M25 9M26 +2.8% 15,074 15,934 9M25 9M26 +5.7% International Schemes International Schemes +4.4% +2.0% 57%1 Net revenues (€M) Managed Transactions (#M) Value of Managed Transactions (€B) 539 548 1,523 1,524 3Q25 3Q26 9M25 9M26 +1.6% +0.1% +3% Y/Y underlying growth2 +3% Y/Y underlying growth2 As expected, 3Q26 revenues gradually re-accelerating in spite of continued macro softness, especially in Germany in the hospitality sector. Volumes and revenues in 9M26 still impacted by bank contracts effects Continued volume growth, also supported by Nexi Bancomat processing hub ramp-up ISVs and direct channels progressing well. Positive contribution from VAS upselling and double-digit growth in E-commerce in 3Q26
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This content is classified as Internal 7 Issuing Solutions Note: (1) Contribution to 9M Group Revenues. Issuing Solutions: growth supported by healthy volumes dynamics and initiatives 696 740 9M25 9M26 +6.4% 16,229 17,504 9M25 9M26 +7.9% +9.1%International Schemes +8.1%International Schemes 33%1 Net revenues (€M) Managed Transactions (#M) Value of Managed Transactions (€B) 297 300 852 872 3Q25 3Q26 9M25 9M26 +1.2% +2.4% Continued revenue growth supported by project work and initiatives, with 3Q26 revenues impacted, as expected, by bank contracts effects Continued International schemes growth. National schemes sustained by Nexi Bancomat processing hub ramp-up in Italy, partially offset by bank contracts effects Continued success of international debit in Italy and up-selling/cross-selling of VAS
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This content is classified as Internal 8 Note: (1) Contribution to 9M Group Revenues. Digital Banking Solutions 11%1 Digital Banking Solutions: healthy volumes and initiatives trend, with phasing effects across quarters Net revenues (€M) 93 94 274 283 3Q25 3Q26 9M25 9M26 +0.3% +3.0% Continued volume growth thanks to SEPA Clearing, Open Banking and Bank Instant Payment Hub transactions Positive contribution from new initiatives: o Digital Euro offline project o Zippay A2A solution for Irish Banks o New customers from Network and PagoPA Bill Payments campaigns As expected, quarterly growth reflected some phasing effects, with 3Q26 performance broadly in line with 3Q25
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This content is classified as Internal 9 As expected, exceptional bank contracts effects still impacting revenues, with growth accelerating in 3Q26 vs 2Q26, net of some phasing effects on Digital Banking Solutions Revenue performance across geographies in 9M26 impacted by specific effects but benefitting from Group diversification Note: (1) Contribution to 9M Group Revenues. 1,551 1,561 9M25 9M26 +0.7% 457 451 9M25 9M26 -1.3% 247 258 9M25 9M26 +4.3% 393 408 9M25 9M26 +3.6% Italy Nordics DACH CSEE Continued strong ISVs performance. Lower pace of revenue growth due to Germany dynamics, affected by LAKA segment and macro softness mainly in the hospitality sector. Revenue performance benefitting from accelerating growth in Merchant Solutions, although still impacted by previously disclosed single client transition at the end of 2025 in Issuing Solutions Accelerating revenue growth, with strong performance in Merchant Solutions in 3Q26, balancing the shifting volume mix and competitive market evolution in E-commerce in Poland 10%1 58%1 17%1 15%1
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This content is classified as Internal 10 Disciplined cost execution, proving the strong focus on efficiencies Disciplined cost execution, notwithstanding volume and business growth, inflationary pressure and strategic investments to drive future growth Evolution reflecting inflationary pressure and investments in key strategic areas started in 2025, with initial benefits coming from organisation simplification Benefitting from cost efficiencies, also enabled by AI initiatives, despite volume and business growth and inflationary pressure Total Costs (€M) Personnel costs Operating costs 229 233 693 697174 179 560 581 3Q25 3Q26 9M25 9M26 403 412 1,253 1,278 +2.2% +2.0% Personnel Costs Operating Costs +3.8% +0.6% +2.9% +1.7%
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This content is classified as Internal 11 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 distributed in May 2026 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 14 €M 9M25 9M26 Δ% vs.9M25 3Q25 3Q26 Δ% vs. 3Q25 Merchant Solutions 1,523 1,524 +0.1% 539 548 +1.6% Issuing Solutions 852 872 +2.4% 297 300 +1.2% Digital Banking Solutions 274 283 +3.0% 93 94 +0.3% Net revenues 2,649 2,678 +1.1% 929 942 +1.3% Personnel Costs (560) (581) +3.8% (174) (179) +2.9% Operating Costs (693) (697) +0.6% (229) (233) +1.7% Total Costs (1,253) (1,278) +2.0% (403) (412) +2.2% EBITDA 1,396 1,400 +0.3% 527 530 +0.6% Group P&L Data at constant FX.
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This content is classified as Internal 15 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% 57% Merchant Solutions Issuing Solutions Digital Banking Solutions 10% 15% 58% 17% 33% 67% Installed based Volume driven 17% 83% Variable costs Fixed Costs 79% 21% Merchant Solutions 52% 48% Issuing Solutions 44% 56% Digital Banking Solutions Italy DACH Nordics CSEE 9M26 Revenues breakdown 9M26 Costs breakdown by type
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This content is classified as Internal 16 Net Financial Debt / EBITDA down at 2.6x LTM 3Q25 FY25 LTM 1Q26 LTM 2Q26 LTM 3Q26 2.6x 2.6x 2.5x 2.7x 2.6x LTM EBITDA (€M)2 1,897 1,8951,902 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 September 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. 1,895 Upgraded to Investment Grade by Moody’s in September 2026 Weighted average debt maturity of ~2.8 years, with average pre-tax cash cost of debt at ~2.7%3 (73% fixed-rate) Cash position as of September 2026 impacted by tax payments mainly occurred, as usual, in 3Q26 Sept 25 Dec 25 Mar 26 Jun 26 Sept 26 Gross Financial Debt 6,937 6,788 6,801 5,903 6,102 Cash 1,799 1,833 1,925 788 1,080 Cash Equivalents 1 98 13 16 16 13 Net Financial Debt 5,040 4,942 4,860 5,098 5,009 2.4x pre BPS deal and dividends
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This content is classified as Internal 17 Debt maturities as of 9M26 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 1,000 1,050 1,000 750 300 2026 2027 2028 2029 2030 9002 823 2031 2032 2025 2033 1,732 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