Rebound in Q3 2020 amid a gradual global easing of lockdown measures:
Edenred returns to growth in Q3 2020 and demonstrates its resilience thanks to its strong fundamentals
A rebound in Q3 with total revenue of €357m, up 0.5% like-for-likevs. -15.5%in Q2
A global improvement in all business lines
A sharp improvement in Europe with operating revenue up 7.3% like-for-likein Q3 vs. -13.1%in Q2, and first effects of gradual recovery in Latin America (-7.6%L/L in Q3 vs. -20.4%in Q2)
Resilience in the first 9 months of 2020, total revenue of €1,053m, down 3.0% like-for-likeand down 10.0% as reported due to a negative currency impact (-7.4%)
Edenred, a digital champion with strong fundamentals, well positioned to seize business opportunities from the new trends arising out of the crisis: a more connected, digital and contactless world, working more in a remote mode and seeking more responsible behavior
Edenred narrows FY 2020 EBITDA guidance of between €550m and €600m1
Business excellence actions will continue to contribute to business growth
Confirmation of €100m cost savings/avoidance plan
However, new partial local lockdowns in Europe could slow the trend in Q4, despite the improved sales dynamic
1. Based on an assumption of an average BRL/EUR exchange rate for the second half of 2020 equal to the closing spot rate on June 30, 2020.
2
All like-for-like and currency impact figures are excluding Venezuela and based on pro forma 2019 figures that include a classification change for revenue recognition in Brazil
(neutral impact over the full year). See the appendix, page 28.
Agenda
Q3 2020 Highlights
Q3 2020 Revenue
2020 Outlook
3
EDENRED SHOWS RESILIENCE IN 2020 WITH A STRONG REBOUND IN Q3: STRONG CATCH-UP IN EUROPE, A GRADUAL RECOVERY IN LATIN AMERICA
GROUP OPERATING REVENUE
LIKE-FOR-LIKE CHANGE
Q1 Q2 Q3 YTD
6.6%
0.9%
-2.8%
-15.4%
STRONG REBOUND IN Q3 THANKS TO
IMPROVEMENTS WORLDWIDE
Solid rebound in Europe, with a good restart of commercial activity and a stronger than expected catch-upeffect in Employee Benefits
Contribution from Covid-19specific-purpose programs
More contrasted situation in Latin America, with the late easing of lockdown rules
Brazil: Resilient Fleet & Mobility Solutions, late but gradual improvement in Employee Benefits
Hispanic Latin America still impacted by the economic and sanitary situation
4
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Edenred SA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 06:14:00 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 
