FLEETCOR Technologies : Q221 Earnings Release Supplement

2Q	Earnings Release Supplement

2021

Refer to earnings release dated August 4, 2021 for further information

2Q	Safe Harbor Provision
2021

This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about FLEETCOR's beliefs, assumptions, expectations and future performance, are forward-looking statements. Forward-looking statements can be identified by the use of words such as "anticipate," "intend," "believe," "estimate," "plan," "seek," "project" or "expect," "may," "will," "would," "could" or "should," the negative of these terms or other comparable terminology.

These forward-looking statements are not a guarantee of performance, and you should not place undue reliance on such statements. We have based these forward-looking statements largely on preliminary information, internal estimates and management assumptions, expectations and plans about future conditions, events and results. Forward-looking statements are subject to many uncertainties and other variable circumstances, such as regulatory measures, voluntary actions or changes in consumer preferences, that impact our transaction volume, including social distancing, shelter-in-place, shutdowns of nonessential businesses and similar measures imposed or undertaken in an effort to contain and mitigate the spread of the novel coronavirus (including any variants thereof, "COVID-19"); adverse changes or volatility in fuel prices and spreads; adverse changes in program fees or charges we may collect, whether through legal, regulatory or contractual changes; adverse outcomes with respect to current and future legal proceedings or investigations, including, without limitation, the FTC lawsuit, or actions of governmental, regulatory or quasi-governmental bodies or standards or industry organizations with respect to our payment cards; delays or failures associated with implementation of, or adaption to, new technology; changes in credit risk of customers and associated losses; failure to maintain or renew key business relationships; failure to maintain competitive product offerings; failure to complete, or delays in completing, acquisitions, new partnerships or customer arrangements and to successfully integrate or otherwise achieve anticipated benefits from such acquisitions, partnerships and customer arrangements; failure to successfully expand and manage our business internationally; and other risks related to our international operations, including the potential impact to our business as a result of the United Kingdom's referendum to leave the European Union; the impact of foreign exchange rates on operations, revenue and income; and the failure or compromise of our data centers and other information technology assets, as well as the other risks and uncertainties identified under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission on February 26, 2021 and subsequent filings made by us. These factors could cause our actual results and experience to differ materially from any forward-looking statement made herein. The forward-looking statements included in this presentation are made only as of the date hereof and we do not undertake, and specifically disclaim, any obligation to update any such statements as a result of new information, future events or developments, except as specifically stated or to the extent required by law. You may access FLEETCOR's SEC filings for free by visiting the SEC web site at www.sec.gov.

This presentation includes non-GAAP financial measures, which are used by the Company as supplemental measures to evaluate its overall operating performance. The Company's definitions of the non-GAAP financial measures used herein may differ from similarly titled measures used by others, including within the Company's industry. By providing these non-GAAP financial measures, together with reconciliations to the most directly comparable GAAP financial

measures, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how

well we are executing strategic initiatives. See the appendix for additional information regarding these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP measure.

FLEETCOR | 2

2Q	Our Take on the Quarter
2021

Outstanding 2Q results, demonstrating acceleration in our core business

Drivers of future growth all at very strong levels:

• Organic growth of 23%1 - all businesses up off the 2Q20 lows
• New sales bookings 191% vs. 2Q20; 106% vs. 2Q19
• Revenue retention at an all-time high of 93.8%2
• Same-store-salesup 18%

Excellent expense control:

• Improved operating margins - up 4 points from last year to 45%
• Solid credit performance - bad debt of only 2 bps

1. Non-GAAPfinancial measures; See appendix for reconciliation of non-GAAP measures to GAAP
2. Based on volume relevant to business or product (e.g., gallons, spend, etc.) weighted by revenue; excludes European Private Label businesses, where FLEETCOR is a processor instead of issuer. Also excludes cross-border business due to the nature of business customer and businesses owned less than one year

FLEETCOR | 3

2Q	Our Take on the Quarter
2021

Substantial free cash flow enables accretive M&A and share buybacks

Robust cash flow and balance sheet usage

• Generated $268 million of free cash flow
• Driving scale and extending into adjacencies with M&A
• • Closed the AFEX acquisition in Corporate Payments
  • Signed agreement to purchase ALE Solutions in Lodging
• Repurchased > 900k shares

FLEETCOR | 4

2Q Highlights

2021

27%	38%
Revenue	Adjusted net income
growth	per diluted share1

23% Organic revenue growth1

93.8% Revenue weighted volume retention2

$2.5 billion Available liquidity

2 bps Credit losses on billed revenue

• $6.0 million of credit losses

Revenue

2019

Adjusted Net Income Per Share1

1. Non-GAAPfinancial measures; See appendix for reconciliation of non-GAAP measures to GAAP
2. Based on volume relevant to business or product (e.g., gallons, spend, etc.) weighted by revenue; excludes European Private Label businesses, where FLEETCOR is a processor instead of issuer. Also excludes cross-border business due to the nature of business customer and businesses owned less than one year

FLEETCOR | 5