Nexi S p A : July 29th 2022 Group Financial results as of June 30th 2022 approved

GROUP FINANCIAL RESULTS AS OF JUNE 30th 2022 APPROVED

ACCELERATING VOLUME AND FINANCIAL PERFORMANCE

• Revenues at € 808.2 million in 2Q22, +10.2% Y/Y; € 1,520.8 million in 1H22, +8.7% Y/Y
• EBITDA at € 395.0 million in 2Q22, +20.5% Y/Y; € 702.4 million in 1H22, +19.1% Y/Y, with ˜+4 p.p. EBITDA Margin expansion
• Double-digitvolume growth compared to previous year across all geographies, with travel already above 2019 Group level
• Integration workstreams for creating the European PayTech Leader fully on track, with confirmed ˜€ 100 million cash synergies to be delivered in 2022
• 2022 Ambition confirmed: expected revenues between +7% and +9% Y/Y and EBITDA between +13% and +16% Y/Y

Milan, July 29th 2022 – The Board of Directors of Nexi S.p.A. approved the Group’s consolidated financial results as of June 30th 2022.

In the second quarter of 2022, the Group delivered a strong volume and financial performance. In particular, acquiring volumes1 in Italy grew double-digit compared to last year, reaching +18% Y/Y (+27% vs 2019) in June, with Foreign cards back to growth compared to pre-Covid level (+16% vs 2019). In the Nordics and in the DACH region, 2Q22 acquiring volumes grew +22% Y/Y and +13% Y/Y respectively and continued to recover versus 2019.

Travel acquiring volumes fully recovered in 2Q22 at Group level, with volumes well above 2019.

Furthermore, SME value of transactions accelerating at +38% y/y in 1H22, faster than large merchants and positively contributing to revenue growth.

1 Volumes data include sales, International schemes and exclude SIA. For Italy: data also include national schemes for ISP merchant book only. For Nordics and DACH region: data include regular business and exclude non-card based transactions from e-commerce.

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Key consolidated financial managerial results2

In 2Q22 the Group delivered an accelerated financial performance. In particular, revenues reached € 808.2 million, +10.2% versus 2Q21. EBITDA was at € 395.0 million, +20.5% versus 2Q21, with EBITDA margin at 49%, up by 4 p.p. versus 2Q21.

In 1H22, revenues reached € 1,520.8 million, +8.7% versus 1H21. EBITDA delivered € 702.4 million, +19.1% versus 1H21. The EBITDA margin was at 46%, up 4 p.p. compared to 1H21.

Group revenues in 2Q22 reflected a strong financial performance across geographies with Nordics, DACH Region & Poland and SE Europe & Other growing double-digit compared to same period last year.

Nexi Group’s operating segments delivered the following results in 1H22:

• Merchant Services & Solutions, representing approximately 53% of Group’s total revenues, reported revenues of € 799.8 million, +14.3% Y/Y. In 1H22, 7,555 million transactions were processed, +18.8% Y/Y, with value of processed transactions at € 356.7 billion, +19.1% Y/Y. Transactions value performance continued strongly across the Group, primarily driven by International schemes, and the in-store channel accelerating versus E-Commerce following the easing of restrictions started in 1Q22.
  In 2Q22, Merchant Services & Solutions revenues accelerated, reaching € 430.6 million of revenues, +15.8% Y/Y, with a double-digit growth for both Nexi and Nets.

The main initiatives realized in MS&S in the first half of 2022 include:

1. SoftPOS roll-out: the SoftPOS tap-on-phone proposition was launched in Greece, after Nordics and Hungary, with Italy launch under preparation. Good commercial traction on retail and hospitality verticals;

1. Easy eCommerce collecting PSP proposition: continued strong performance in the Nordics, with backbook migration completed; progressing roll-out in Germany;

2 2021 and 2022 data at constant scope and FX, not including the M&A deals recently announced. Underlying figures.

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1. Continuing eCommerce/omnichannel proposition evolution: Transaction Risk Analysis launched in Italy, 1-click checkout capabilities to APMs in Poland expanded, and, omni acceptance for QR-code wallet payments in

Nordics extended;

• 1. Microsoft partnership: Nexi selected as one of the main eCommerce payment providers for key markets; joint effort for ISVs software/payments integration and go-to-market, products co-development and cloud transformation of technology infrastructure and platforms.
• Cards & Digital Payments, representing approximately 32% of Group’s total revenues, reported revenues of € 482.8 million, +4.9% Y/Y. In 1H22, 8,278 million transactions were processed, +18.7% Y/Y, with value of processed transactions at
• • 391.7 billion, +18.1% Y/Y. Transaction volumes showed a strong performance versus last year, mainly driven by International schemes.
    In 2Q22, Cards & Digital Payments reached € 252.4 million of revenues, +5.0% Y/Y with strong growth in Italy (at +7.1% Y/Y). The commercial effort for extending Nexi value propositions (e.g. CVM) to bank customer base across Europe continued in 2Q22.
• Digital Banking & Corporate Solutions, representing approximately 16% of Group’s total revenues, reported revenues of € 238.3 million, down at 0.3% Y/Y.

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  In 2Q22, Digital Banking & Corporate Solutions reached € 125.2 million of revenues, +3.3% Y/Y, mainly thanks to key business initiatives and projects. Good progress on new services to Corporates (e.g. PagoinConto, Check IBAN, smart onboarding) and positive performance of Open Banking.

In 1H22, Total Costs were at € 818.4 million, thanks to operating leverage, cost control and M&A synergies’ delivery. The slight increase Y/Y in 2Q22 (+1.8%) is mainly connected to volume and business growth. In 1H22 total costs benefitted from ca. € 20 million of M&A synergies’ delivery with only a limited impact from the synergies’ reinvestment plan in key business areas, which will accelerate in the second half of the year.

Nexi confirmed its commitment on investments in technology and innovation, with total Capex at € 218 million for 1H22, equal to 14.3% net revenues. In particular, € 87 million (5.8% of net revenues) were related to standalone and new Group transformation initiatives, and € 130 million (8.6% of net revenues) were related to the ordinary innovation of products and services, maintenance of high-quality services and security and POS and ATM purchase.

D&A, excluding customer contracts amortization (“Customer Contracts”), were at € 223.9 million in 1H22, +19.7% Y/Y mainly due to significant investments in software and technological developments made in the last years.

Normalized net Interest costs were € 82.6 million in 1H22. Reported interest costs of € 73.3 million include FX gains and other minor items.

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Transformation and integration costs, below EBITDA, were € 76.2 million in 1H22 (of which € 46.8 million transformation costs and € 29.4 million integration costs), down 47% versus 1H21. Non-recurring items (€ 106.4 million in 1H22) included also: M&A related fees and others (€ 10.2 million), LTI (€ 9.1 million), as well as the IPO costs sustained by the Financial Sponsors (€ 10.9 million).

Normalized net profit in 1H22 was € 266.2 million, up by 23% Y/Y.

As of June 30th 2022, the Net Financial Debt was at € 5,160 million, while the Net Financial Debt/ EBITDA ratio reached 3.4x, in reduction compared to December 2021. The pro-forma Net Financial Debt / EBITDA ratio including the run-rate synergies was at ~2.9x, in line with the plan.

Nexi, assuming no material changes to the current Covid-19 and macro scenario, confirms the 2022 Ambition announced to the market in February 2022, with net debt / EBITDA targeting ~2.5x including run-rate synergies, proforma at ~3.0x considering all recent M&A transactions.

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In 1H22 the Group continued to strengthen and focus on the business portfolio, with a disciplined M&A activity, announcing the acquisition of the BPER and Banco di Sardegna merchant book, the acquisition of the ISP merchant book in Croatia, as well as, the sale of the Capital Markets business. The Group has closed the sale of EDIGard, the sale of Non- SEPA Clearing, the acquisition of Orderbird and the joint venture with Alpha Bank, also reaching an agreement to increase its stake in the JV from 51% to 90.01%.

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Pursuant to paragraph 2 of article 154 bis of the Consolidated Finance Act, the undersigned, Enrico Marchini, in his capacity as the manager in charge of preparing Nexi’s financial reports, declares that the accounting information contained in this press release corresponds to the accounting documents, books and records of Nexi S.p.A..

Reported results under review by PricewaterhouseCoopers that will release limited revision.

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Disclaimer: This is the English translation of the original Italian press release “Approvati i risultati finanziari di Gruppo al 30 giugno 2022”. In any case of discrepancy between the English and the Italian versions, the original Italian document is to be given priority of interpretation for legal purposes.

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Nexi

Nexi is Europe’s PayTech company operating in high-growth, attractive European markets and technologically advanced countries. Listed on Euronext Milan, Nexi has the scale, geographic reach and abilities to drive the transition to a cashless Europe. With its portfolio of innovative products, e-commerce expertise and industry-specific solutions, Nexi provides flexible support for the digital economy and the entire payment ecosystem globally, across a broad range of different payment channels and methods. Nexi’s technological platform and the best-in-class professional skills in the sector enable the company to operate at its best in three market segments: Merchant Services & Solutions, Cards & Digital Payments and Digital Banking & Corporate Solutions. Nexi constantly invests in technology and innovation, focusing on two fundamental principles: meeting, together with its partner banks, customer needs and creating new business opportunities for them. Nexi is committed to supporting people and businesses of all sizes, transforming the way people pay and businesses accept payments. It offers companies the most innovative and reliable solutions to better serve their customers and expand. By simplifying payments and enabling people and businesses to build closer relationships and grow together, Nexi promotes progress to benefit everyone. www.nexi.it/en www.nexigroup.com

Nexi – External Communication & Media Relations

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