Annual Report 2020

Consolidated results,

March 30th, 2021

Index

2. MISSION

16. CGU PERFORMANCE

3. COMPANY OVERVIEW- IVS AT A GLANCE

17. VENDING PERFORMANCE

4.

COMPANY OFFICERS

18. COIN DIVISION PERFORMANCE

5.

GROUP STRUCTURE

20. M&A

6.

HISTORY AND KEY EVENTS

21. CAPEX

7.

HIGHLIGHTS

22. NET FINANCIAL POSITION

8.

BUSINESS MODEL

23. CASH FLOW STATEMENT

9.

CONSOLIDATED INCOME STATEMENT

24. SHARE - MARKET PRICE - BOND

10. SIGNIFICANT AND SUBSEQUENT EVENTS

25. SUSTANAIBILITY HIGHLIGHTS

12. ADJUSTED CONSOLIDATED INCOME STATEMENT

32. ANNEX

39. DISCLAIMER

Consolidated Results 2020

1

Consolidated Results 2020

2

Company Overview - IVS at a glance

IVS Group S.A. is the market leader in the Italian vending

machine operators' sector (~14% Italian market share in value; 11% in volumes)(1), and the only player with a nationwide presence. Second player in Europe (5% market share) and the only public listed vending company.

Owned by its active managers and founding shareholders,

which control ~ 62% of the shares, while the rest is on the market.

Italian leader in vending, second in Europe and Spain(1),

solid base for growth

Worldwide leader in vending technologies

and contact payments

0.7

6.7

Switzerland

8.7

Coin

6.6

Italy

France

Spain

Sales 2020

Over 2,870 employees,

88 branches in Italy,

Spain, France and

Switzerland of which 10

Coinservice Division (Italian leader in coins management)

Over 607 million vends

and over 325 million

sales in 2020

n.224.9 thousand Vending

Leadership position

in a highly fragmented

European and Italian market

(>10,000 players)

Margin and pricing power

track record:

Best in class logistic and operations

Well-regarded

management team

with strong industry experience

Diversified

customer portfolio (contract renewal rates in excess of 95%)

Proven success

in the integration

of more than 185 bolt-on

acquisitions since 2007

Relatively

stable sector in normal market

conditions and

high entry barriers

77.3

Machines installed

(~126.3K Automatic +

~98.6K OCS)

Continuous

investments in

new services and models

of Vending Machines

Value of European vending market)(1):

~10-12 billion,

with > 10,000 players (mostly very small and family owned)

(1) Data year 2019

Consolidated Results 2020

3

Consolidated Results 2020

4

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IVS Group SA published this content on 30 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2021 17:17:04 UTC.