Q3 2021 REVENUE

October 21, 2021

THANKS TO A STRONG PERFORMANCE IN Q3 2021, EDENRED IS NOW AIMING FOR 2021 EBITDA IN THE UPPER HALF OF THE TARGET RANGE

Edenred delivered a strong sales performance, leveraging its distribution and innovation capabilities to further scale up its business and improve the customer experience

  • Q3 2021 operating revenue at €393m, i.e., up 13% L/L vs. both Q3 2020 and Q3 20191
  • Vs. 2019, faster growth across all regions in Q3 2021 after an already strong H1 2021 performance
  • Double-digitorganic growth in Q3 2021 vs. Q3 2019 in all business lines and all regions except Hispanic Latin America, which remains severely impacted by Covid-19
  • Year-to-date,operating revenue increased by 14% L/L vs. 9M 2020 and by 11% L/L vs. 9M 2019

Given the strong performance in Q3, Edenred is confident in its ability to generate a FY 2021 EBITDA in the upper half of the previously indicated €620-670m2 target range, assuming no new major restrictions related to the health situation

Assuming no major pandemic surge, Edenred is reinstating its pre-Covid Next Frontier targets for 2022

  • >8% L/L annual operating revenue growth
  • >10% L/L annual EBITDA growth
  • >65% annual FCF/EBITDA conversion rate3

1. Like-for-like comparison with 2019, pre-Covid reference year, corresponds to the sum in euros of like-for-like growth generated in 2020 and 2021. All like-for-like and currency

impact figures are excluding Venezuela.

2. Based on the assumption of an average BRL/EUR exchange rate for 2021 equal to 6.35.2

3. At current regulations and methodologies

Agenda

  1. Q3 2021 highlights
  2. Q3 2021 revenue
  3. Outlook

3

LEVERAGING INNOVATIVE DISTRIBUTION PARTNERSHIPS

EXPANDING EMPLOYEE BENEFITS DISTRIBUTION CAPABILITIES ACROSS BRAZIL

x

  • The leading privately-held bank in Brazil: 4,000 physical and digital branches across Brazil
  • The biggest B2B portfolio, with a large portion of SMEs
  • A dedicated organization to manage this powerful sales channel - e.g., sales training task force, joint marketing plan, sales incentive plan
  • Strong double-digitquarter-on-quarter growth in 2021

INTEGRATING CSI WITH KEY B2B PLAYERS TO TARGET SPECIFIC SEGMENTS IN NORTH AMERICA

  • A large and fragmented B2B-paymentsmarket representing a volume of $10,000bn in the US
  • Joining forces with Top-TierUS banks to win major deals

e.g.,

  • White-labellingCSI AP-automationplatform for banks and accounting software to tackle smaller companies

(15k mid-size customers globally)

4

DELIVERING INNOVATIVE PLASTICLESS SOLUTIONS - A CLEAR GAIN FOR ALL STAKEHOLDERS

  • More eco-friendly: no paper, no plastic, no delivery
  • More efficient for HR teams:
    no more lengthy manual processes and distribution - perfectly suited to home office
  • More efficient for merchants:
    faster check-out and reimbursement
  • For users, the quickest access to Edenred ecosystem:
    • Solutions issued within 24 hours
    • Pay with your mobile at one of

the 2m partner merchants stores

  • Access to
    >160 delivery platforms

Illustrations

Taiwan: >30m e-coupons issued in 2021, to pay at

Top-Tiermerchants (e.g., Sogo, 7-eleven, Watsons)

Europe: Ramp-up with 3 new plasticless programs,

now 6 programs in 5 countries

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Disclaimer

Edenred SA published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 05:43:11 UTC.