Worldline Sa · EURONEXT:WLN
Worldline Sa — Q3 2024 Earnings Presentation
23 slides from Worldline Sa's earnings presentation, Oct 30, 2024
Slide 1: Q3 2024 Revenue
Q3 2024 REVENUE October 30th, 2024
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These r
Slide 3: Q3'24 Highlights
Q3’24 HIGHLIGHTS Marc-Henri Desportes Group CEO
Slide 4: Key Highlights: Rebound & Refocus
KEY HIGHLIGHTS REBOUND & REFOCUS RESILIENT CORE BUSINESS WITH SOLID FUNDAMENTALS Resilient organic growth Accelerated costs rationalization in our core geographies supported by Power24 REPOSITION AND ACCELERATE WORLDLINE’S PROFILE Management actions in Investment focused on core Portfolio pruning pl
Slide 5: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS A soft Q3’24 already reflected in the FY’24 guidance All objectives confirmed Q3’24 9M’24 €1,163m revenue €3,452m revenue (-1.1% organic growth) (+1.0% organic growth) Merchant Services Merchant Services +0.2% organic +2.2% organic Financial Services Financial Services -8.3%
Slide 6: Focus on Merchant Services
FOCUS ON MERCHANT SERVICES Resilient underlying performance since beginning 2024 with attractive growth opportunities going forward REBOUND & REFOCUS NEW MANAGEMENT NEW ORGANISATION Paul Marriott-Clarke Two dedicated Go-to-Market as new Merchant Services leader divisions Deep online and payment mark
Slide 7: Launch of innovative Embedded Payments solution in Europe
WORLDLINE / OPP: INNOVATIVE PLATFORM & MARKETPLACE SOLUTION Launch of innovative Embedded Payments solution in Europe Embedded Payments covering full ecosystem revenue Full suite of products capabilities in One solution KYC Split Pay-in Pay-out (Merchants) payments Global Online Acceptance Support I
Slide 8: Focus on Financial Services and Mobility & e-Transactional Services
FOCUS ON FINANCIAL SERVICES AND MOBILITY & E-TRANSACTIONAL SERVICES Management actions on organization and product development FINANCIAL SERVICES MOBILITY & E-TRANSACTIONAL SERVICES New commercial dynamic New leadership team in execution since end-2022 Pipeline conversion improvement Product based o
Slide 9: Q3'24 Financial Performance
Q3’24 FINANCIAL PERFORMANCE Grégory Lambertie Group CFO
Slide 10: Global business lines overview
Q3 & 9M 2024 FINANCIAL PERFORMANCE Global business lines overview Q3 2024 Group Revenue Q3’24 organic performance Organic growth Organic growth (in €m) Q3 2024 Q3 2023* (Published Revenue) (NNR) +0.2% Merchant Services Merchant services 867 865 +0.2% (2.7)% organic growth Financial services 211 230
Slide 11: Merchant Services Q3'24 building blocks
MERCHANT SERVICES Q3’24 building blocks KEY HIGHLIGHTS Q3’24 BUSINESS DYNAMICS Q3’24 revenue bridge RESILIENT ORGANIC GROWTH IN OUR CORE GEOGRAPHIES €865m +c.5% -c.2% -c.1% -c.1% €867m • Strong dynamic in southern Europe driven by market share gains Q3 2024 +0.2% • Steady growth in Central Europe wi
Slide 12: Financial Services Q3'24 building blocks
FINANCIAL SERVICES Q3’24 building blocks KEY HIGHLIGHTS Q3’24 BUSINESS DYNAMICS Revenue bridge GROWTH EXCLUDING ONE-OFF RE-INSOURCING EFFECT FUELED BY €230m +c.1% -c.9% €211m NEW COMMERCIAL DYNAMIC Q3 2024 -8.3% • Strong growth on Card based organic growth activities driven by a steady performance Q
Slide 13: Mobility & e-Transactional Services Q3'24 building blocks
MOBILITY & E-TRANSACTIONAL SERVICES Q3’24 building blocks KEY HIGHLIGHTS Q3’24 BUSINESS DYNAMICS Revenue bridge CONTINUOUS GROWTH €253m +c.1% +c.1% +c.5% €259m ACCELERATION SINCE THE BEGINNING OF THE YEAR • Solid traction in Trusted Services 9M 2023 Q1 2024 Q2 2024 Q3 2024 9M 2024 fueled by key prod
Slide 14: A leaner organization reinforcing a solid financial structure
A LEANER ORGANIZATION REINFORCING A SOLID FINANCIAL STRUCTURE Power24 Power24 right sized Implementation €220m run-rate in full to accelerate Worldline profile cash costs unchanged cash costs savings execution in coming years at €250m confirmed in 2025 Capex containment and Integration & Rationaliza
Slide 15: FY 2024 Guidance Confirmed
FY 2024 GUIDANCE CONFIRMED c. 1% c. €1.1bn c. €0.2bn Organic growth Adjusted EBITDA Free Cash-Flow Q3 2024 revenue | 30-10-2024 | © Worldline - 15
Slide 16: Key Take-Aways
KEY TAKE-AWAYS Marc-Henri Desportes Group CEO
Slide 17: Key Highlights: Rebound & Refocus
KEY HIGHLIGHTS REBOUND & REFOCUS RESILIENT CORE BUSINESS WITH SOLID FUNDAMENTALS Resilient organic growth Accelerated costs rationalization in our core geographies supported by Power24 REPOSITION AND ACCELERATE WORLDLINE PROFILE Management actions in Investment focused on core Portfolio pruning plac
Slide 18: Q&A
Q&A WORLDLINE sW/.
Slide 19: Appendices
Appendices WORLDLINE We,
Slide 20: Acquiring MSV development
9M’24 acquiring MSV development c.€365bn MSV in 9M’24 ACQUIRING MSV (€M)* (acquiring instore and online) c.+4% MSV growth vs 9M’23 c.€135bn MSV in Q3’24 Q1’24 MSV growth Q2’24 MSV growth Q3’24 MSV growth c.+4% c.+3% c.+3% c.+3% MSV growth vs Q3’23 2022 2023 2024 * Rolling 3-week average transaction
Slide 21: NR to NNR bridge
NR to NNR bridge Revenue Q3 2024 Schemes & Q3 2024 Net Q3 2023 Schemes & Q3 2023 Net OG% Q3 OG% Q3 Net In € million Published Partners fees Net Published* Partners fees Net Published Net Merchant Services 867 (238) 629 865 (218) 647 +0,2% (2,7)% Financial Services 211 (2) 209 230 (3) 227 (8,3)% (8,2
Slide 22: Leverage ratio bridge excluding and including IFRS16
Leverage ratio bridge excluding and including IFRS16
Slide 23: Thank you
THANK YOU For more information, please contact: Laurent Marie Group Head of Investor Relations [email protected] Peter Farren Investor Relations Manager [email protected] Guillaume Delaunay Investor Relations Officer [email protected]