Worldline Sa · EURONEXT:WLN
Worldline Sa — Q1 2023 Earnings Presentation
21 slides from Worldline Sa's earnings presentation, Apr 26, 2023
Slide 1: Q1 2023 Revenue
Q1 2023 Revenue April 26th, 2023 Q1 2023 revenue | 26-04-2023 | © Worldline | 1
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: Q1'23 Highlights
Q1’23 Highlights Gilles Grapinet Group CEO Q1 2023 revenue | 26-04-2023 | © Worldline | 3
Slide 4: Q1 2023 highlights
Q1 2023 highlights Steady Growth in MS FS and MeTS performance reaching +12.6% in Q1’23 fully as expected Performance driven FS delivers in line by commercial acquiring activities with anticipated full year trajectory Strong commercial dynamics Soft start for MeTs as planned (market share gains and
Slide 5: Q1'23 MS commercial activity
Q1’23 MS commercial activity Ongoing instore and online dynamics in merchants wins and upsells Wins with large new clients and partners Upsells with existing clients and partners Omnichannel Partnership with Worldline instore acceptance P2PE (Point-to-Point Encryption) Instore Worldline & SoftPOS em
Slide 6: Steady acquiring MSV growth in Q1 2023
Steady acquiring MSV growth in Q1 2023 Double-digit growth and promising start of Q2 2023 Strong MSV growth in Q1’23 Worldline own acquiring MSV Q1’23 ACQUIRING MSV (€M) (acquiring instore and online) €100bn +13% vs 2022 Transaction volumes fueled by both instore and online Instore MSV +11% vs 2022
Slide 7: Q1'23 FS and MeTS commercial activity
Q1’23 FS and MeTS commercial activity Solid dynamic in new wins and partnerships to feed future growth FS wins & partnerships FS wins & partnerships Contract to handle card issuing and processing in Norway, Germany Solution combining the electronic and Austria Omnichannel cloud contact center signat
Slide 8: Crédit Agricole strategic partnership
Crédit Agricole strategic partnership Marc-Henri Desportes Deputy Group CEO Q1 2023 revenue | 26-04-2023 | © Worldline | 8
Slide 9: An attractive French market to deploy innovative payment solutions
An attractive French market to deploy innovative payment solutions Expansion of Worldline footprint in the largest payment market in Continental Europe Largest payment market 2nd largest economy in Continental Europe in Continental Europe c.€700bn MSV Sizeable and growing High cash penetration addre
Slide 10: Complementary strengths to create a major player in France
Complementary strengths to create a major player in France A perfect fit between a banking leader and a payment leader Leading payment player in France (issuing + acquiring) Global leader in payment services in Europe with 12bn payment transactions with > €320bn acquiring MSV and 1.2m merchants Stro
Slide 11: Key milestones of the strategic partnership
Key milestones of the strategic partnership A well-defined path towards full operationalization of the joint company early 2025 • Joint investment phase of €80m (o.w. c.€40m in the coming 18-month for Worldline) • Investments for the products localization, pre-launch costs and Period joint company i
Slide 12: Key take-aways
Key take-aways A landmark transaction for the Group New long term growth engine Powerful access through Worldline payment technology expertise to an attractive market and Crédit Agricole distribution network Worldline financial flexibility preserved Flagship partnership major joint company created t
Slide 13: Q1'23 Financial performance
Q1’23 Financial performance Grégory Lambertie Group CFO Q1 2023 revenue | 26-04-2023 | © Worldline | 13
Slide 14: Q1 2023 financial performance
Q1 2023 financial performance Global business lines overview and revenue building blocks Q1 2023 Group Revenue Q1 2023 Group Revenue / GBL (in €m) Q1 2023 Q1 2022* Organic Growth 8% Merchant services 758 673 +12.6% 21% Financial services 228 223 +2.3% MeTS 84 84 0.0% 71% Worldline 1,070 980 +9.2% *
Slide 15: Merchant Services Q1 2023 highlights
Merchant Services Q1 2023 highlights €758m revenues +12.6% organic growth Solid performance led by a steady growth in transaction volumes in both instore and online ▪ Commercial Acquiring: Strong double-digit growth with almost all geographies and customer segments contributing. Very good start of n
Slide 16: Financial Services and Mobility & e-Transactional Services
Financial Services and Mobility & e-Transactional Services Q1 2023 highlights Q1 performance in line with expected full year trajectory xxx ▪ Card-based payment processing & acquiring: Positive performance driven by good dynamics in Benelux, France and Finland (improved transaction volumes) and the
Slide 17: Q1'23 Key take-aways
Q1’23 Key take-aways Gilles Grapinet Group CEO Q1 2023 revenue | 26-04-2023 | © Worldline | 17
Slide 18: Key take-aways
Key take-aways Solid start of the year to execute our 2023 guidance and beyond Solid start of 2023 Steady commercial Market executing our strategic roadmap performance consolidation MS solidly anchored in the double-digit Strong commercial successes in MS Expansion of our distribution channel & grow
Slide 19: FY 2023 guidance
FY 2023 guidance Revenue OMDA FCF 8% to 10% organic growth Above 100 bps improvement 46% - 48% OMDA conversion rate The full-year 2023 guidance is based on unchanged macro-economic situation Q1 2023 revenue | 26-04-2023 | © Worldline | 19
Slide 20: Q&A
Q&A FY 2021 results | 22-02-2022 | © Worldline | 20
Slide 21: Thank you
Thank you For more information, please contact: Laurent Marie Benoit D’amécourt Group Head of Investor Relations Deputy Head of Investor Relations M +33 7 84 50 18 90 M +33 6 75 51 41 47 [email protected] [email protected] FY 2021 results | 22-02-2022 | © Worldline | 21