Delivering close to 10% like-for-like operating revenue growth1 vs. 2019, Edenred has much more than recovered the ground lost in H1 2020:
Up 30.6% L/L vs. Q2 2020 with >20% growth across all regions
Up 15.3% L/L vs. H1 2020 with double-digit growth across all regions & business lines
Up 10% L/L vs. H1 2019 with some areas still lagging behind due to the Covid situation, notably Employee Benefits in Latin America
Edenred has demonstrated that its growth potential is intact with:
A relevant offer, thanks to strong innovation capacity and the ability to leverage its scalable platform
A good sales dynamic, capturing the full potential from our customer base and seizing SME opportunities
The capacity to transform and create value for all stakeholders
Edenred posted solid financial results in H1 2021 and maintained its robust financial position
Total revenue: €757m, up 15.2% like-for-likeand 8.8% as reported
EBITDA: €295m, up 20.9% like-for-likeand 15.6% as reported, driving the EBITDA margin to 39.0%, up 2.3 points as reported
Strong cash generation with double-digit L/L FFO growth to €254m
Net profit, Group share: €133m
High level of liquidity and solid balance sheet, with the issuance of a €400m sustainability-linked7-year convertible bond
Standard & Poor's reaffirmed Strong Investment Grade rating in May 2021
1. Like-for-like comparison with 2019 corresponds to the sum in € of like-for-like growths generated in 2020 and 2021.
2
All like-for-like and currency impact figures are excluding Venezuela.
EXECUTIVE SUMMARY (2/2)
Edenred will continue to leverage its platform to generate sustainable and profitable growth
4 trends accelerated by the crisis and positioning the Group well for the "post-Covid" world
Scale and innovation to drive further business growth
Still uncertainties regarding the health crisis
FY 2021 outlook
L/L EBITDA growth in 2021
FY 2021 EBITDA guidance1
upgraded to minimum +9%
between €620m and €670m
vs. previous guidance of minimum +6%
1. Based on the assumption of an average BRL/EUR exchange rate for 2021 equal to 6.35.
3
Agenda
10% organic operating revenue growth in H1 2021 vs. H1 2019 demonstrating Edenred's intact growth potential
H1 2021 detailed performance and results
2021 outlook and guidance
4
H1 2021 operating revenue bounced back to 10% higher than pre-Covid level
5
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Disclaimer
Edenred SA published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 07:19:05 UTC.
Edenred SE is a leading digital services and payments platform and the everyday companion for people at work, connecting over 60 million employees and more than 2 million partner merchants in 45 countries via nearly 1 million corporate clients.
Edenred SE offers specific-purpose payment solutions for food (meal benefits), incentives (gift cards, employee engagement platforms), mobility (multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (virtual cards). These solutions enhance employee well-being and purchasing power, improve companies' attractiveness and efficiency, and vitalize the employment market and the local economy.
EDENRED SE 
