Asseco South Eastern Europe S A : Financial results of ASEE for Q3_2023

Financial Results for Q3.2023 And Business Update

October 25th, 2023

Q3'23: Highlights

• Good third quarter in Payment showing 10% YoY EBIT growth driven by eCommerce, Processing as well as IPD and ECR networks
• Very good, continued growth trend in processing
• Despite EUR in Croatia, good quarter for IAD network, thanks to transactions growth in Serbia (+114% on revenues) and network and transactions growth in Albania (+62% on revenues)
• Strong third quarter in Dedicated Solutions showing 55% YoY EBIT growth
• Stable Banking YoY with result driven by Channels solutions
• Continued challenging environment in Turkey with inflation rising again. Price indexation challenges

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Q3 2023 ASEE Best Deals.

Banking Business Unit

• InACT External Fraud Solution - Mobile Channel Integration Project at a large size bank in Romania
• InACT External Fraud Solution - SaaS Business Model Project at a large size bank in Montenegro
• Adaptive Elements Mobile Platform for a bank in Slovakia and Croatia
• Digital Edge (omnichannel) and SxS authentication solution integration with Croatia's national authentication platform for e-Servicesfor a bank in Croatia
• Digital Edge (omnichannel) impementation for a bank in Serbia and migration of 20.000 users into new system
• Integration of Authentication Solution into TBI Bank's existing 3DSecure framework, for Bulgaria and branches in Greece and Romania
• Implementation of AML Solution for a bank in B&H
• Instant Payments Module/Absolut for a bank in Romania

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Q3 2023 ASEE Best Deals.

Dedicated solutions

• Live Contact Center Solution implementation at one of the biggest banks in Croatia
• Enhancement of the existing BPM solution at a gas and heating company in Croatia
• Enterprise content management solution consolidation in a bank in Croatia
• Third-partysolution migration to our BPM portfolio in one of the leading banks in Croatia
• Implementation of the ABC eArchive solution for The Republic Fund of Health Insurance
• Documenta DMS, Public office and civil servant management portal
• Dynatrace Application Performance Management Project at a large size bank, at a fintech company, which is a joint subsidiary of Türkiye's 3 large size public banks, at a large size bank.

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Q3 2023 Payten Best Deals.

E-commerce

• Payten Payment Gateway - United Payment Integration at a technology company of a large size bank.
• Payten Payment Gateway - Payten Payment Gateway Project including card storage at a medium size engineering and technology company, at a medium size company that provides payment solutions for oil and gas industry.
• Paratika Virtual POS solution at an Apple's reseller company
• Online Payments Solution, a ticketing platform in Croatia

Processing

• Full Payment Card Transaction Service for new client in B&H

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Q3 2023 Payten Best Deals.

ATM and POS (including IPD and ECR) Related Services

• POS procesing Switching Solution, expanding service in Serbia, Croatia for international stores chain
• In-storePayments solution for a sports equipment retailer in Croatia, a clothing retailer in Croatia, a jewelry retailer chain in Croatia
• Implementation of Android POS for bank in Serbia
• ATM terminals delivery for 2 banks in Croatia
• ATM terminals replacement for a bank in Bulgaria
• ATM terminals delivery for 2 banks in Kosovo
• Implementation of a Cash deposit and Cash withdrawal on 100 location in Romania
• ATM terminals delivery for bank in B&H

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3Q 2023 results

Q3'23: Strong organic growth

			mEUR					mPLN
	Q3 2023	Q3 2022	Q3 2023	Q3 2022	% Diff	Q3 2023	Q3 2022	Q3 2023	Q3 2022	% Diff
	no hyper.	no hyper.	no hyper.	no hyper.
Revenue	88.3	88.1	83.7	85.6	-2.2%	398	419	377	408	-8%
EBITDA	18.5	16.9	17.6	16.1	+9.1%	83	81	79	77	+3%
EBIT	13.4	11.9	12.8	11.2	+14.1%	61	57	58	54	+8%
NPAT	14.1	10.9	10.6	9.6	+10.3%	64	52	48	46	+4%
EBITDA %	20.9%	19.2%	21.0%	18.8%		21%	19%	21%	19%
EBIT %	15.2%	13.5%	15.3%	13.1%		15%	14%	15%	13%
EBIT non-IFRS	13.4	12.0	13.4	12.0	+11.7%	60	57	60	57	+6%
NPAT non-IFRS	11.2	10.4	11.2	10.4	+8.3%	51	49	51	49	+2%

Acquisitions effect - Rev: 0.9 | EBIT: -0.1 | EBITDA: 0.0
No hyper. - excluding hyperinflation accounting	9

Q3'23: Growth driven by Dedicated and Payment Solutions

			Revenue			EBITDA			EBIT
mEUR		Q3 2023	Q3 2022	Diff	Q3 2023	Q3 2022	Diff	Q3 2023	Q3 2022	Diff
Payment Solutions	38.1	42.3	-4.1	10.6	10.1	+0.5		7.3	6.7	+0.7
Non-Payment		45.6	43.4	+2.2	7.0	6.0	+1.0		5.5	4.6	+0.9
Banking Solutions	16.3	15.0	+1.3	3.9	3.8	+0.2		3.2	3.1	+0.1
Dedicated Solutions	29.3	28.4	+1.0	3.1	2.3	+0.8		2.3	1.5	+0.8
ASEE Group TTL	83.7	85.6	-1.9	17.6	16.1	+1.5		12.8	11.2	+1.6
Revenue per BUs Q3 2023		EBIT per BUs Q3 2023				Profitability per BU
									Q3 2023	Q3 2022
			Dedicated
			Solutions
Dedicated	Payment		18% (13%)			20%	21%	19%
Solutions									16%
Solutions
35% (33%)		Banking
46% (49%)		Payment
		Solutions
			Solutions							8%
			25% (28%)
Banking			57% (59%)								5%
Solutions
19% (18%)
						BAN KIN G SOLU TIONS	PAY MEN T SOLU TIONS	DEDIC ATED SOLU TIONS

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