Half-year Results

2021

September 9th, 2021

Index

2. MISSION

15. CGU PERFORMANCE

3. COMPANY OVERVIEW- IVS AT A GLANCE

16. VENDING PERFORMANCE

4.

COMPANY OFFICERS

17. COIN DIVISION PERFORMANCE

5.

GROUP STRUCTURE

19. M&A

6.

HIGHLIGHTS

20. CAPEX

7.

CONSOLIDATED INCOME STATEMENT

21. NET FINANCIAL POSITION

8.

TREND PER QUARTER

22. CASH FLOW STATEMENT

9.

SIGNIFICANT AND SUBSEQUENT EVENTS

23. ANNEX

11. ADJUSTED CONSOLIDATED INCOME STATEMENT 2021

30. DISCLAIMER

Consolidated Results 1H 2021

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

Switzerland

0.7

Coin

Italy

5.5

France

8.7

Spain

8.2

Sales 1H 2021

Over 2,740 employees,

87 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.229.7 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 190 bolt-on

acquisitions since 2007

Relatively

stable sector in normal market

conditions and

high entry barriers

76.9

Machines installed

(~124.7K Automatic +

~105.0K 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 1H 2021

3

Consolidated Results 1H 2021

4

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IVS Group SA published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 15:51:06 UTC.