Hightech Payment Systems SACSEMA: HPS

2024 Full-Year Results Presentation

· Issued by Hightech Payment Systems SA

Key figures

  • Non - cash transaction volume should grow by 15% p.a. in the next 5 years
  • The global retail non - cash pool is estimated at ~ € 0.8Tn in 2022 and is expected to grow at +6% over the next 5 years
  • Revenue impact: €7M integrated in 2024, €25M full -year revenue contribution for 2024
  • 2025 outlook: €30M expected revenue, with an EBITDA margin for CR2 between 15% - 18%
  • In 2023, a major turning point: SaaS dominated (94% of TCV).

On 6ix: 6ix.com/news/hightech-payment-s-a-2024-full-year-results-presentation

Full Year 2024

Earnings Presentation

April 2, 2025

Feel Good about Payments

2024 Highlights

Abdeslam ALAOUI

CEO

AccelR8 in numbers

AccelR8 - HPS's Strategic Plan to 2027

Strategy supported by clearly defined organic and inorganic growth levers

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  • • Non-cash transaction volume should grow by 15% p.a. in the next 5 years

  • • The global retail non- cash pool is estimated at ~€0.8Tn in 2022 and is expected to grow at +6% over the next 5 years

R&D and Innovation reinforcement

•

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AI capabilities developmentRecognized as a best- in-class product by independent evaluations

Successful completion of CR2 acquisition

CR2 Integration Overview

  • - Acquisition completed in August 2024, consolidated into HPS accounts from September 2024

  • - Revenue impact: €7M integrated in 2024, €25M full-year revenue contribution for 2024

  • - 2025 outlook: €30M expected revenue, with an EBITDA margin for CR2 between 15% - 18%

Strategic Synergies

  • - Technological Synergies

    • • Strengthened value proposition by integrating CR2's digital channel solutions with PowerCARD

    • • Expanded payment capabilities, including remittance, bill payment aggregators & instant payments

  • - Market & Geographic Synergies

    • • Expanded global footprint: Presence in 50+ countries, adding offices in Jordan, Australia and India

    • • New market access: HPS opens new geographies for CR2 in French-speaking Africa, the Americas, Europe, and Southeast Asia

    • • Access to Saas delivery model for CR2 to a more resilient future

    • • High-quality client portfolio, including 3 banks in the global Top 100

2024: A Record Year in Sales

Explosive Growth in TCV(*) & Acceleration of SaaS Adoption

2020

  • • TCV multiplied by 5 in 2024:

    - From 235 MMAD in 2023 to 1,100 MMAD in 2024, reflecting a surge in commercial momentum.

  • • SaaS acceleration:

    • - In 2020-2022, contracts were almost exclusively On-Prem.

    • - In 2023, a major turning point: SaaS dominated (94% of TCV).

    • - In 2024, SaaS remains dominant (93%), reinforcing a recurring, high-value revenue model.

  • • Growing adoption by the world's largest banks:

    - 3 new Top 100 banks adopt HPS in 2024.

    - The 3 Tier1 banks represent a TCV of 625 MMAD.

2021

2022

2023

2024

(*) TCV: Total Contract Value = Build Revenue + 5 years Maintenance Revenue or 5 years SaaS Revenue

SaaS TCV On-Prem TCV

Total TCV

Massive investments in SaaS Capabilities

A global and redundant Data Centres network

  • • Fully redundant infrastructure

    • - Regional data centres strategically deployed to ensure proximity and resilience

    • - Each data centre is designed to ensure compliance with evolving data residency and security requirements

  • • Strategic Investment, Ready to Scale

    - The investment phase is nearly complete - now HPS leverage this network for efficient growth with minimal cost increases

2024 Summary and Beyond

2024 demonstrates strong commercial momentum and M&A execution in the backdrop of a SaaS transition year

  • - Explosive Total Contract Value growth acquired (4.5x 2023 levels and 3x 2022), illustrating acceleration of demand for PowerCARD V4 and penetration into largest banks in the world

  • - New SaaS customers acquired in 2024 expected to generate more than 180 MMAD in revenues by 2027 and 230 MMAD by 2030 with limited additional costs

  • - Successful acquisition of CR2, a competitor, which will drive material revenue and technological synergies

  • - Limited decline in EBITDA despite SaaS transition and material investment year given size of new clients won

Going Forward

  • - 2025 still a SaaS transition year, but we expect revenue growth of at least 20-30% and EBITDA growth of at least 30-35%.

  • - By 2026/2027 impact of SaaS transition should ameliorate significantly with significant EBITDA contribution just from ramp-up of 2024 SaaS contracts

  • - Reaffirming 2027 AccelR8 targets

2024 Business & Financial review

Brahim BERRADA

Corporate Services Managing Director

2024 Key figures

REVENUE

1,267

MMAD

  • +6.4% Growth

  • +0.2% Proforma

EBITDA / MARGIN

220 MMAD

  • -10.9% Growth

  • -4.5% Proforma

SEGMENT PERFOMANCE

BACKLOG (*)

885 MMAD

+7.8%

Growth

(*) Backlog does not include CR2 in 2024

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