#1AUSTRIACARD HOLDINGS CORPORATE PRESENTATION H1 2023#2AUSTRIACARD HOLDINGS 1. AUSTRIACARD Group Overview Contents 2. Key Investment Highlights 3. Industry Overview & Market Trends 4. Appendix#3AUSTRIACARD at a glance AUSTRIACARD HOLDINGS Business Overview Austrian Group with international presence, leading provider of Payment Solutions, Secure Data Management, Digital Technologies, with a track record of 125 years Payment products and services include innovative end-to-end secure data solutions and personalization services based on high security standards €314.7mn FY 2022 €181.2mn H1 2023 Key Group figures €178.0mn FY 2021 €137.1mn Revenue H1 2022 €39.3mn FY 2022 €26.0mn H1 2023 €21.8mn FY 2021 €19.8mn H1 2022 Adj. EBITDA ✓ ✓ Secure Data Management products and services include bill statements management, document digitalization and workflows, transit and identity cards, as well as digitalization transformation solutions Market leader for payment products in Nordics, Austria, CEE & SEE and with Fintech/Challenger Banks, the fastest growing market segment Strong market presence in Western Europe (UK, Spain, Germany), Türkiye Future potential in the USA, UK, Türkiye, Middle East and Africa Solid industrial base paired with strong data security and software development capabilities Stable and low-risk customer portfolio / High share of recurring revenue Certified producer of Visa, Mastercard and Diners Club International Strong R&D & Digital Technology capabilities €5.0 mn FY 2022 €12.3 mn H1 2023 Net Profit 1,589 FY 2022 2,573 H1 2023 Employees €76.6mn FY 2022 €87.1mn H1 2023 Net Debt FY2023 Guidance: 12%-15% Revenue growth, 25%-30% Adj. EBITDA growth, net profit margin of 4%-5% 3#4AUSTRIACARD shares ■ Capitalization of reserves in Aug 17, 2023, doubled ACAG's # of shares ■ Share buyback for up to 10% of the company's shares approved by AGM DUAL LISTING: VIENNA & ATHENS EXCHANGES ■ SECTOR: TECHNOLOGY ☐ SYMBOL: ACAG BLOOMBERG: ACAG GA REUTERS: ACAGr.AT COMMENCEMENT OF TRADING: MARCH 23, 2023. NUMBERS OF SHARES: 36,353,868 MARKET CAP: ~€260m ACAG SHARE PRICE 8.50 8.00 7.50 7.00 mon Listing & Shareholders 6.50 6.00 AUSTRIACARD intends to increase free-float following its dual listing 5.50 5.00 4.50 23/3/2023 23/4/2023 23/5/2023 23/6/2023 23/7/2023 23/8/2023 4 AUSTRIACARD HOLDINGS Free Float 21% Management 2% Mr.Nikolaos Lykos 77%#5Operational Footprint New Jersey NORWAY ROMANIA TURKEY 7 PRODUCTION FACILITIES (UK, Andorra, Austria, Romania × 3, Greece) 8 PERSONALIZATION CENTRES (UK, Spain, Austria, Poland, Romania, Greece, Türkiye, US) SALES OFFICES UNITED KINGDOM TRITON ASSET Norway, Czech Republic, Germany, Croatia, Serbia, Jordan, the UAE and a network of partners and selling agencies around the world GERMANY CZECH REPUBLIC AUSTRIA ANDORRA SPAIN CROATIA POLAND SLOVAKIA SERBIA ALBANIA GREECE AUSTRIACARD HOLDINGS 5 LO JORDAN DUBAI#6Key Milestones Foundation of printshop by P. Lykos مدا AUSTRIACARD Listing of INFORM P. LYKOS HOLDINGS S.A. on the ATHEX Acquisition of Austria Card GmbH Дн |日日日 tag systems Acquisition of the largest personalization center in Türkiye Commercial launch of Austrian digital wallet solution Acquisition of TAG SYSTEMS Acquisition of NITECREST UK Listing of Company's shares on ATHEX & VSE 1897 1982 1994 2000 2007 2012 2013 2014 2015 2018 2019 Acquisition of a majority stake of NEXT DOCS Strategic repositioning of printing towards IT. Birth of INFORM P. LYKOS HOLDINGS S.A. INFORM RM Establishment of INFORM LYKOS ROMANIA AUSTRIACARD HOLDINGS New smart card personalization center in Poland 2020 2021 2023 Acquisition of Cloudfin Acquisition of Pink Post New card production site in Romania. Group reorganization. Provision of security in the world of Internet of Things under the brand "Nautilus" NAUTILUS New smart card personalization center in USA Дн Completion of cross- border merger with INFORM P. LYKOS HOLDINGS S.A. 6 |日日日#7Our solutions portfolio: Payments, Secure Data management & Digitalization Digital Transformation Technologies AUSTRIACARD HOLDINGS DOB & Cust. Facing Apps Enterprise Process Automations Document Digitization Secure SmartCards Solutions Card Payment Solutions $ Digital Payment Solutions Government Solutions Advanced Printing Services Digital Printing Security Printing Accounting Automation 4 Personalization Services Print Management 7#8AUSTRIACARD HOLDINGS 1. AUSTRIACARD Group Overview Contents 2. Strategy, Structure, Performance, M&A, Management & Governance 3. Industry Overview & Market Trends 4. Appendix#9Our strategy for growth: Two major pillars Geographic and market share expansion Products and services portfolio enhancement ☐ New markets: US, UK, Türkiye, MEA Cross-selling and up-selling to existing clients Focus on specific market segments such as Challenger Banks ■ ◉ ■ Payment and Banking solutions as a service Innovative smart cards: Biometric, metal cards Digital technologies offering expansion Public sector digitalization (RRF) Drivers Group sales and product teams' integration post cross-border merger is fueling organic growth Selective acquisitions are enhancing product offering and geographical footprint AUSTRIACARD HOLDINGS 9#10Our new corporate structure since H1 2023 A new corporate structure based on geographical areas Central Eastern Europe & DACH Western Europe, Nordics Turkiye, Middle East & Americas & Africa This structure will: • Enable the faster expansion in new markets • • AUSTRIACARD HOLDINGS Facilitate the cross selling of the Groups' widening portfolio of products & solutions Improve customer service. 10#11Leading position in several European countries, growing in new markets Payment products and solutions Market leader in CE Europe, SE Europe, Nordics, Challenger Banks Significant market share in UK, Spain, Germany, Türkiye AUSTRIACARD HOLDINGS Digital Transformation Technologies • • Over 50% market share in Greece and Romania in Integrated Solutions, Output Mgmt. Services Leading position with Financial Institutions, Telcos and Utilities in SEE Western Europe, Nordics & America 38.4% Central Eastern Europe & DACH 47.6% 1. Data as of FY 2022 11 Türkiye, Middle East & Africa 18.0% Security Printing Products & Services • Strong presence in SEE and MEA#12H1 2023: Strong performance continuation Revenue Amounts in € m Adj. EBITDA & margin Amounts in € m 137.1 H1 2022 32,1% 181.2 H1 2023 Revenue increased by 32,1% in H1 2023 due to the: • Strong growth of payment products and solutions, printing & postal services Main drivers: Romanian, Turkiye, US markets Profit Amounts in € m 0.34 156,8% 0.13 4.8 H1 2022 Profit 12.3 H1 2023 Profit per share Profit increased by 156,8% as a result of the strong operating performance, as well as the lack of adjustments that had affected H1 2022 (EPS: As of August 17, 2023 due to capitalization of reserves, shares doubled to 36,353,868) AUSTRIACARD HOLDINGS 12 19.8 H1 2022 31,5% 26.0 H1 2023 Adjusted EBITDA increased by 31,5% for a margin of 14,3% due to the: Strong revenue growth Cost control, economies of scale Total Assets & Net Debt Amounts in € m 270.2 76.6 31.12.2022 284.6 Total assets 87.1 Net Debt 30.6.2023 Total assets increased by €14.4m due to the: • • Increases in inventories and trade receivables, due to business expansion. Net debt increased by € 10.5m due cash consumption resulting from above developments. In the next quarters working capital requirements will be normalized.#13Growth across all geographical segments (in €mn) Western Europe, Nordics, America Central Eastern Europe & DACH Türkiye, Middle East & Africa +19.7% 52.3 AUSTRIACARD HOLDINGS H1 2022 9.7 +30.4% 68.2 +28.0% H1 2023 Revenues Adj. EBITDA 12.4 84.5 70.6 +15.7% 18.3 8.6 7.4 H1 2022 H1 2023 Revenues Adj. EBITDA 13 2.8 H1 2022 Revenues +74.7% 32.0 +112.5% 6.0 H1 2023 ■Adj. EBITDA#142017-22 KPIs: Consistently improving Sales, Adj. EBITDA, Adj. EBT, Operating Cash Flow... Sales CAGR 22-17:21,4% 314.7 Adj EBITDA 39,3 45.0 40.0 35.0 30.0 CAGR 22-17:31,0% 25.0 21.8 20.3 20.0 15.0 10.0 5.0 173.9 178.0 135.0 119.4 123.8 اس اس 13.0 12.0 10.2 0.0 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 40.9 CAGR 22-17:51,1% Operating CF 20.7 CAGR 22-17: 79,9% اسات 13.1 16.2 12.7 10.1 2017 2018 2019 2020 2021 2022 Adj EBT 2.5 1.1 2017 2018 2019 2020 2021 2022 AUSTRIACARD HOLDINGS Source: Group's financial statements 14#15...Combined with significant margin expansion 6.6% Adj EBT margin D margin 22-17:+5,7% 4.2% 4.0% است. 2.0% 2.4% 0.9% Adj EBITDA margin 8.5% 9.7% D margin 22-17:+4,0% 9.6% 11.7% 12.2% 12.5% illl 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 4.4% Operating CF (As % of sales) D margin 22-17:+8,6% 9.4% 9.3% 8.2% ill 7.4% 13.0% 2017 2018 2019 2020 2021 2022 AUSTRIACARD HOLDINGS Source: Group's financial statements 15 ROIC % (NOPAT/(Inv.Capital) D margin 22-17:+9,9% 4.0% 4.1% 2.6% 6.8% 14.0% 12.5% 12.0% 10.0% 8.0% 6.0% 5.1% 4.0% 2.0% 0.0% 2017 2018 2019 2020 2021 2022#16Solid M&A track record Recent transactions expanding our product offering and geographical footprint Company Country Date Recent transactions are enhancing growth in targeted areas Description nextdocs enterprise.document.solutions April 2019 ✓ Added enhanced digital services and solutions expertise to the AUSTRIACARD Group such as Document Management System, e-archiving, physical archiving and collection-distraction & recycling of physical documents The acquisition of Andorra-based payment card manufacturer "TAG Systems" added personalization & fulfilment services through 3 centers (UK, Spain and Poland) systems December 2019 ✓ Added a strong franchise of payment solutions to Challenger and Neo Banks tag*sy tags USA systems December 2019 ✓ Expanded in the US, providing personalization & fulfilment services in a vast underserved market CloudFin February 2021 nitecrest December 2021 The World's Leading Card Manufacturer. AUSTRIACARD HOLDINGS TAG Systems Revenue (€ m) 43.8 39.9 +125% 98.6 2020 2021 2022 The acquisition of a majority stake of CLOUDFIN LTD added Software development capabilities and enabled the provision of management services, automatic identification and registration using machine learning and interface with ERP systems, ✓ UK presence enhanced through the acquisition of card producer and personalizer NITECREST Limited (now "TAG SYSTEMS UK"), and thus the remaining 50% of the common joint venture TAG Nitecrest Limited, which operated the Group's personalization center in the UK 4.3 16 Revenue of TAG US (€ m) +335% 18.7 2021 2022 CAGR 35%#17Diversified client base with longstanding relationships Key Facts ✓ Long-standing customer relationships with a diversified customer base across different industries and geographies ✓ Customers primarily include financial institutions, telecommunication companies, industrial corporations, large retail and leisure companies and public sector bodies The Group has retained approximately 95% of its client base from 2010 to the end of 2022 Top 10 Clients Sales in % of 2022 Customer Segment Country Revenue IECB Kenya Public KE 7.9% Fintech UK 7.3% Revolut e.on Energy RO 2.6% TCS Banking/Industry DE 2.4% CARCE SPICE 31H Banking TU 1.8% Postal Services RO 1.7% PIRAEUS BANK Banking GR 1.6% Starling Bank Banking UK 1.6% ENGIE Energy RO 1.5% QNB Banking TU 1.4% FINANSBANK ✓ Group has been able to sign multi-year contracts with various customers, including, but not limited to, financial institutions, credit card providers, etc. ✓ Overall revenue is divided among a relatively large number of customers and no single customer represented more than 8% of the Group's total revenue in 2022 YapıKredi rds rcs communications Indicative Clients - Industries served AUSTRIACARD HOLDINGS Financial Institutions Revolut Euronet WORLDWIDE ERSTES Bank NATIONAL BANK OF GREECE GENERALI UniCredit ☑Raiffeisen BANK ING Allianz (1) Eurobank Telcos Retail AEGEAN opap OTE A STAR ALLIANCE MEMBER nova Utilities AEH ΕΟΦ EATA Public/Government IKEA Edenred ENGIE FEDERAL GOVERNMENT OF NIGERIA AKBANK RCS COSMOTE 2 enel IKA ATHENS IEBC ACS vodafone Österreichische LOTTERIEN e.on Carrefour φυσικο αεριο KENYA DELHAIZE Sodexo 17 EYAAII#18Highly Experienced Management Team An international team with deep and complementary experience Nikolaos Lykos Chairman of the Management Board Panagiotis Spyropoulos Vice-Chairman of the Management Board, Group CEO Markus Kirchmayr Group CFO • . • Representing the 4th generation of Lykos family. In 2000, he became Chairman of the Board and CEO of INFORM P. LYKOS HOLDINGS S.A. Since 2011, he is steering for the consolidation of all group operations in Vienna from the position of the Chairman of the Management Board. He has been in the Board of the International Business Forms Industries since 1984 and has served as its Chairman for two consecutive terms. 35 years of expertise in the fields of Management and Finance, last 28 years in listed groups. Since 2011, he holds the position of CEO of the Group Previously, CEO and Vice-Chairman of the BoD of Korres Natural Products S.A. Deputy CEO and member of BoD of Plaisio Computers S.A. CFO and member of BoD of INFORM P. LYKOS HOLDINGS S.A. Since 2015 with the Group originally as Digital Security Division CFO and since 2021 as Group CFO. BoD Member in a number of Group's companies Prior to joining AUSTRIACARD, Markus worked at KPMG and at Conwert SE, a listed Austrian group Charted Accountant and Tax Consultant in Austria; Certified IFRS Accountant . Jon Neeraas EVP Americas, UK & WE Region Highly experienced executive within the payment, card and personalization sector since 1991. After the acquisition of Tag Systems by AUSTRIACARD he serves as EVP of Americas, UK & WE Region. Previous roles involve, - Co Founder and CEO of Tag Systems since 1999. Built and managed many greenfield operations within the payments landscape. 18 Manolis Kontos Deputy CEO, EVP DACH, CEE & SEE region • International leader with over 25 years of experience across Europe and MEA in both Management & Finance Since 2018 with the Group originally as MD of INFORM and now as Deputy CEO and EVP of DACH, CEE & SEE Region Previous roles involve, Regional FD and Bus Dev CEE, MENA of General Mills Inc. Group CFO of Korres Natural Products S.A. Managing Director MEA of General Mills Inc. Burak Bilge EVP Türkiye & MEA Region Highly experienced executive within international banking, payment systems, payment cards and personalization • sectors since 1996. Since 2013 with the Group originally as MD of AUSTRIACARD Türkiye and now as EVP of Türkiye and MEA Region. Previous roles involve, Director of International Business at Garanti Bank Payment Systems Global Manager of Payment Systems and Innovation at Erste Bank Holding Dimitris Tzelepis Executive Director Capital Markets, M&A, IR Executive with more than 25 years of experience in the Telecoms, Media, Banking and Investments sectors. Having worked in companies such as NOVA, OTE Group, Alpha Bank, NBG, Merrill Lynch and P&G. Positions held include CFO, COO, CEO, while also serving in various BoDs as chairman, vice chairman and member in Greece, Cyprus and Romania. AUSTRIACARD HOLDINGS#19Solid Corporate Governance • • AUSTRIACARD HOLDINGS AG has a two-tier board structure, consisting of the Management Board and the Supervisory Board, pursuant to the Austrian Federal Stock Corporation Act The Company complies with the provisions of the Austrian law on corporate governance of listed companies on VSE Furthermore, the Company adopts and implements the Austrian Corporate Governance Code Supervisory Board The current Supervisory Board is composed by 5 members, appointed by the General Meeting: • Petros Katsoulas, Chairman Supervisory Board Audit Committee Established by the Supervisory Board at its meeting of 08.11.2022 It consists of 3 members elected by the Supervisory Board on 30.11.2022 Indicative responsibilities: monitoring the accounting process, the effectiveness of the internal control system and the audit of the financial statements etc. • Jonh Costopoulos, Deputy Chairman • • Martin Wagner, Member Responsible for the appointment . Michael Butz, Member of Management Board members • Anastasios Gabrielides, Member Monitors the Management Board and certain decisions and transactions are subject to its approval • Management Board Management Board The current Management Board is composed by 6 members, appointed by the resolution of the Supervisory Board: • • Nikolaos Lykos, Executive Chairman of the Management Board Panagiotis Spyropoulos, Vice Chairman & Group CEO Manolis Kontos, Deputy CEO and Executive Vice President CEE & DACH Responsible for managing the Group's operations . • Burak Bilge, Executive Vice President Turkey & MEA Jon Neeraas, Executive Vice President Western Europe, Nordics & Americas Markus Kirchmayr, Group CFO AUSTRIACARD HOLDINGS Audit Committee Company Nomination and Remuneration Committee Internal Audit Department 19 Nomination and Remuneration Committee • • • Established by the Supervisory Board at its meeting of 08.11.2022 It consists of 3 members elected by the Supervisory Board on 30.11.2022 Indicative responsibilities: identifying and proposing any persons suitable for the Supervisory or Management Board, submitting proposals regarding the remuneration policy etc. Internal Audit Department • Internal Audit functions are outsourced to external partner ("Compliance 2b GmbH") Indicative responsibilities: adequate and valid . audit of the Company#20AUSTRIACARD HOLDINGS 1. AUSTRIACARD Group Overview Contents 2. Key Investment Highlights 3. Industry Overview & Market Trends 4. Appendix#21Industry Overview & Market Trends Summary AUSTRIACARD HOLDINGS Cards Market ✓ Cards remain a strong payment method despite the upward trend of other digital payment methods (digital wallet etc.) 血 Challenger Banks ✓ There are 100 Challenger Banks worldwide, as a result of the advent of Fintech ✓ Neo Bank and Challenger Banks market is expected to increase further by 2028 Digital Transformation ✓ 21.1% CAGR expected between 2022 - 2027 in global spend on tech and related services which enable digital transformation Governments increasing their own digital transformation and funding reskilling schemes for their citizens Greece is undergoing a digital transformation as part of a multifaceted plan to fully digitize the country by 2025 21 21#22Industry Overview & Market Trends Cards market -3% 49% 46% AUSTRIACARD HOLDINGS POS Payment Methods Trends Worldwide 39% 29% 2021 2025F Amounts in bn Cards market worldwide (number of cards) CAGR 4% 18% 29.3 29.9 30.6 27.2 25.2 10% 4% 5% Cards Digital/Mobile wallet Europe +2% 61% 63% 26% Cash Other 17% 15% 8% 5% 5% Cards Cash Digital/Mobile wallet Other Source: "The global payments report", 2022 and Nilson report 2021 22 222 2021A 2022F 2023F 2024F 2025F • • • Mobile wallet usage is increasing across markets, with further growth expected as contactless POS terminal penetration increases Although the use of digital wallets as a means of payment is increasing in 2025 the use of cards is still the main means of payment, accounting for 46% worldwide and for 63% in Europe. Based on Nilson report, it is expected that the global credit cards market will grow at CAGR of 4% from 2021 to 2025.#23Industry Overview & Market Trends Metal & biometric cards: Two market segments growing fast globally Forecast shiftments Metal Payment Cards (Mu/yr) Worldwide 50 65 78 95 100 90 80 70 60 50 37 40 30 30 20 10 0 2020 2021 2022 2023 2024 2025 اااس Cards are the only tangible touchpoint with Fintech customers, making card design and material very important. Metal cards, the most premium card category, are expected to grow at 27% CAGR during 2021-2025 • Biometric card, offering unified contactless User experience regardless of the transaction amount, are also expected to grow dramatically 120 100 80 60 40 Forecast shiftments Biometric Payment Cards (Mu/Yr) Worldwide CAGR 216% 45 100 18 20 6 0,5 1 0 2020 2021 2022 2023 2024 2025 AUSTRIACARD HOLDINGS U.S. Dual Interface Payment Card Market size, by type, 2020-2030 (USD Billion) $1.2B $1.1B 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Plastic Metal 23 GRAND VIEW RESEARCH 13.4% U.S. Market CAGR, 2022-2030 Source: www.grandviewresearch.com#24Industry Overview & Market Trends Challenger Banks Challenger Banks are recently established retail financial institutions, whose activities are based on digital technology and who compete with the large, established banks. Global Neo and Challenger Banks Market Size Amounts in $ bn CAGR 46.5% • 28.3 Top 10 Challenger Banks in 2023 based on Market Cap Amounts in $ bn Group's client 278.8 41.5 2021 2022 2023 2024 2025 2026 2027 2028 33 T 25 25 21 17.3 17.1 12.3 12.1 6.2 4.5 nybank bank Revolut chime WeBank Robinhood Tinkoff ☐ Brex SoFi upgrade monzo Neo and Challenger Bank Market size was valued at $28.3bn in 2021 and is projected to reach $278.8bn by 2028, growing at CAGR of 46.7% from 2021 to 2028. • Neo and Challenger Banks, as a result of the advent of Fintech, have been increasing in recent years. • There are about 100 challenger banks worldwide, offering different types of financial services and digital ways of managing money. • The Group anticipates continuing growth in business with Challenger Banks 24 AUSTRIACARD Source: https://www.fnfresearch.com/neo-and-challenger-bank-market, Centre for Finance, Technology and Entrepreneurship HOLDINGS#25Industry Overview & Market Trends Digital Transformation Market Global Amounts in $ bn CAGR 21.1% 1,548.9 Drivers Greece ✓ Rising adoption of big data ✓ Demand for tools combining several heterogenous data ✓ Cost benefits of cloud- based digital 450 digital transformation projects for the period 2020-2025 supported by €6.4 billion of EU Recovery Fund Money Greece's Digital Transformation Plan - Strategic axes 594.5 transformation solutions 1 ✓ Rapid proliferation of mobile devices and apps Digital transformation of the public sector, with a total estimated budget of €513mn 2 Strengthening digital connectivity with high-speed broadband access, where €303mn will be allocated 2022 2023 2024 2025 2026 2027 ✓ Adoption and scaling of digital initiatives 3 The development of digital skills with funding exceeding €113mn, with the aim that all citizens can participate equally in the new digital era Challenges Issues related to IT modernization Integration of data from data silos ! Ownership and privacy of collected data Source: Marketsandmarkets website, Greece's Digital Transformation Strategy 25 25 AUSTRIACARD HOLDINGS for 2020-2025 Opportunities I ✓ Rising internet proliferation and growing usage of connected and integrated technologies I I √ Demand for personalized digital transformation Increasing willingness of organizations to use digital technology I T I I#26AUSTRIACARD HOLDINGS 1. AUSTRIACARD Group Overview Contents 2. Key Investment Highlights 3. Industry Overview & Market Trends 4. Appendix#27AUSTRIACARD HOLDINGS Appendix I. Historical Financial Statements II. Organisational chart of the Group post the Cross-Border Merger III. Glossary#28Group's Historical Financial Statements Consolidated Balance Sheet AUSTRIACARD HOLDINGS Amounts in € thousands Assets Property, plant and equipment and right of use assets Intangible assets and goodwill Equity-accounted investees Other receivables Other long-term assets Deferred tax assets Non-current assets Inventories Contract assets Current income tax assets Trade receivables 30/6/2023 31.3.2023 93,144 57,589 91,291 57,249 31.12.2022 90,418 57,166 31.12.2021 31.12.2020 82,955 79,615 60,651 31,378 292 292 292 260 2,274 4,387 4,186 4,533 634 640 227 273 318 500 682 986 1,014 996 339 586 156,624 154,304 153,723 145,340 115,175 46,182 41,755 36,074 23,188 14,684 11,817 10,852 8,693 206 245 338 387 19,826 9,871 304 42,188 45,504 40,037 29,267 19,312 Other receivables Cash and cash equivalents 8,356 8,104 7,501 8,026 5,908 16,311 17,534 21,628 11,484 11,011 Current assets Total assets Equity Share capital 127,927 124,959 116,431 81,046 66,232 284,551 279,262 270,153 226,385 181,407 18,177 18,177 16,862 14,638 14,638 Share premium 50,926 34,511 34,511 7,000 7,000 Other reserves 14,003 7,168 6,875 6,225 8,145 Retained earnings 17,645 28,699 12,707 27,055 18,928 Equity attributable to owners of the Company 100,752 88,555 70,955 54,918 48,711 Non-controlling interests 173 197 11,610 12,971 11,981 Total Equity 100,925 88,753 82,565 67,890 60,693 Liabilities Loans and borrowings 71,366 70,741 70,626 75,843 51,492 Employee benefits 5,566 12,407 11,995 5,077 5,250 Other payables 11 11 11 8,645 10,277 Deferred tax liabilities 6,888 6,873 6,936 6,774 4,423 Non-current liabilities 83,831 90,032 89,569 96,339 71,442 Current income tax liabilities 3,932 4,455 3,529 1,645 293 Loans and borrowings 32,026 29,337 27,600 20,737 17,347 Trade payables 42,861 46,210 43,969 24,279 19,981 Other payables 16,073 13,995 12,380 11,144 8,042 Contract liabilities 4,559 5,782 7,073 4,158 1,795 Deferred income 280 636 3,406 132 412 Provisions Current Liabilities 63 63 63 63 1,403 99,795 100,478 98,019 62,158 49,272 Total liabilities 183,626 Total Equity and Liabilities 284,551 28 190,510 187,588 158,495 120,714 279,262 270,153 226,385 181,407#29✓ Group's Historical Financial Statements Consolidated Income Statement Amounts in € thousands Revenue Cost of sales Gross profit 91,358 (69,348) Q2 2023 Q2 2022 H1 2023 rest. 76,733 (56,722) H1 2022 Other income 22,010 1,439 20,011 181,166 (137,272) 43,894 137,145 (102,976) 34,169 Q1 2023 89,808 (67,924) 21,884 Q1 2022 60,411 (46,254) 14,157 FY 2022 rest. 314,720 (240,707) FY 2021 177,955 (137,470) 74,014 40,485 FY 2020 173,853 (134,190) 39,662 629 1,973 1,298 534 669 2,926 12,870 2,579 Selling and distribution expenses (5,706) (5,252) (10,998) (9,953) (5,292) (4,701) (21,158) (14,424) (13,644) Administrative expenses (5,718) (5,562) (13,150) (10,408) (7,432) (4,707) (28,841) (14,978) (11,845) Research and development expenses (1,815) (1,600) (3,460) (2,973) (1,645) (1,373) (6,254) (6,012) (5,539) Other expenses (469) (201) (594) (428) (125) (227) (3,771) (3,323) (731) Litigation and restructuring expenses 0 0 0 0 0 0 0 (1,059) Result from associated companies 0 0 0 0 0 0 0 418 362 + Depreciation amortization and impairment EBITDA 3,967 3,533 7,706 6,771 3,738 3,238 14,408 11,722 10,273 13,708 11,557 25,370 18,475 11,662 7,056 31,324 26,758 20,058 - Depreciation amortization and impairment EBIT (3,967) (3,533) (7,706) (6,771) (3,738) 9,741 8,025 17,665 11,704 7,924 (3,238) 3,818 (14,408) (11,722) (10,273) 16,916 15,036 9,787 Financial income Financial expenses 338 (1,374) 67 365 195 27 128 76 130 66 (4,083) (3,041) (5,371) (1,666) (1,288) (8,573) (2,881) (3,384) Result from associated companies 0 46 0 46 125 Net finance costs (1,036) (3,970) (2,675) (5,130) (1,639) (1,160) (8,372) (2,750) (3,318) Profit (Loss) before tax 8,705 4,054 14,990 6,574 6,285 2,658 8,545 12,287 6,469 Income tax expense (1,247) (1,201) (2,731) (1,799) (1,484) (598) (3,563) (2,246) (1,024) Profit (Loss) 7,458 2,853 12,259 4,775 4,801 2,060 4,982 10,041 5,445 Profit (Loss) attributable to: Owners of the Company 7,424 2,337 11,790 4,226 4,366 2,042 4,195 9,228 5,148 Non-controlling interests Total Profit (Loss) 34 7,458 516 469 548 435 18 787 813 297 2,853 12,259 4,775 4,801 2,060 4,982 10,041 5,445 Earnings (loss) per share: Basic and diluted 0.41 EBITDA 13,708 0.16 11,557 0.67 0.29 0.26 0.12 0.28 0.63 0.35 25,370 18,475 11,662 7,056 31,324 26,758 20,060 Adjustments for: LT Management participation plan (1,214) 647 630 1,294 1,844 509 7,930 1,518 TAG UK Step acquisition 0 0 0 0 0 0 0 (6,623) Restructuring 0 0 0 0 0 0 0 250 Others 0 0 0 0 0 0 0 159 Adjusted EBITDA 12,494 12,204 26,000 19,769 13,506 7,565 39,254 21,812 20,310 29 AUSTRIACARD HOLDINGS#30Group's Historical Financial Statements Consolidated Cash Flow Statement AUSTRIACARD HOLDINGS Amounts in € thousands Cash flows from operating activities Profit (Loss) before tax Adjustments for: 01.01-30.06.2023 01.01-30.06.2022 01.01.-31.3.2023 01.01.-31.3.2022 01.01.-31.12.2022 01.01.-31.12.2021 01.01.-31.12.2020 14,990 6,574 6,285 2,658 9,098 12,287 6,469 -Depreciation amortization and impairment -Net finance cost 7,706 6,771 3,738 3,238 14,408 11,722 10,273 2,675 5,130 1,639 1,160 8,498 2,750 3,318 -Net gain or loss on disposal of non-current assets (29) (24) (685) 0 (72) -Result from associated companies -Change in provisions (included in EBIT) -Other non-cash transactions -Foreign exchange differences 0 0 0 0 (125) (418) (362) 0 0 0 6,365 (2,088) 793 (298) 0 1,462 1,864 534 2,318 (5,545) 227 0 0 0 0 0 0 25,043 19,913 13,526 7,590 39,877 18,708 20,646 Changes in: -Inventories -Contract assets -Trade and other receivables -Contract liabilities -Trade and other liabilities (10,108) (12,281) (5,680) (5,514) (12,886) (2,592) (667) (3,831) (5,727) (964) (144) (2,160) 1,178 (715) (3,006) (11,782) (6,207) (3,363) (10,791) (6,755) 1,010 (2,513) (541) (19,999) 4,378 15,479 (9,932) (1,291) (1,640) 2,915 2,363 (916) 485 (13,657) 6,137 (4,524) 25,550 1,804 (1,721) 2,628 (4,002) (3,009) Taxes paid Interest paid Net cash from (used in) operating activities Cash flows from investment activities Interest received (2,517) (567) 0 0 (547) 0 (61) 0 (1,630) (1,582) (1,414) 0 0 0 2,527 9,414 (678) 3,005 40,875 13,124 16,223 110 31 24 15 72 98 109 Proceeds from sale of property plant and equipment 4 10 0 12 302 246 Proceeds from sale of investment property 0 0 0 0 0 0 0 Dividends received from associated companies 0 0 0 14 763 715 Acquisition of subs and business net of cash acquired 0 0 Acquisition of property, plant and equipment & intangible (7,805) (8,315) (3,836) (4,482) (2,905) (14,503) (16,845) 0 (9,035) Acquisition of other long-term assets 0 0 0 0 (8,767) (429) Acquisition of equity of other companies 0 0 0 Net cash from (used in) investing activities (7,691) (8,274) (3,812) (4,467) (45) (17,355) 0 0 (24,717) (8,126) Cash flows from financing activities Interest paid Proceeds from loans and borrowings Repayment of borrowings Payment of lease liabilities Dividends paid to non-controlling interest Dividends paid to owners of the Company Acquisition of non-controlling interests Net cash from (used in) financing activities (2,576) (1,792) (1,134) (825) (4,169) (2,519) (2,434) 15,250 15,969 9,732 7,760 12,770 36,319 40,874 (10,679) (4,588) (7,211) (4,580) (14,047) (9,676) (53,793) (1,734) (1,853) (919) (425) (3,799) (2,725) (2,256) 0 0 (416) 0 (141) (433) (877) (512) 0 0 0 0 (675) 0 (3,061) 0 0 (3,095) (8,122) 0 260 4,259 468 1,789 (12,773) 12,400 (18,796) Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at 1 January (4,904) 5,399 (4,022) 327 10,747 807 (10,699) 21,628 11,484 21,628 11,484 11,484 11,011 22,267 Effect of movements in exchange rates on cash held Cash and cash equivalents at 30 June (414) (371) 16,311 16,513 (73) 17,533 154 (602) (332) (471) 11,965 21,629 11,486 11,097 30#31III Organisational chart of the Group post the Cross-Border Merger TAG Systems SAU (Andorra) 100 % Austria Card GmbH (Vienna) 100 % AUSTRIACARD HOLDINGS AG (Vienna) Austria Card SRL (Romania) 99,99% CLOUDFIN LTD (Cyprus) 61,50 % CLOUDFIN SINGLE MEMBER SA (Greece) 100% INFORM LYKOS (HELLAS) SA (Greece) 99,99% INFORM ALBANIA Sh.pk (Albania) 75,50 % TAG Systems USA Inc (USA) 60,00 % TAG Systems SpZoo (Poland) - 100% TAG SYSTEMS UK LTD (UK) - 100% Austria Card Türkive AS (Türkive) 93,00% Austria Card Polska SpZoo (Poland) 100% (in Liquidation) Seglan SL (Spain) - 25,00 % TAG Nitecrest Ltd (UK) - 100% TAG BIOMETRICS SL (Spain) 90,00 % TSG Norway AS (Norway) - 100% TAG Systems Smart Solutions SLU (Spain) 100% TERRANE LTD (Cyprus Holding) 100 % S.C. INFORM LYKOS S.A (Romania) - 99,99 % NEXT DOCS ECM EXPERT SRL (Romania) 100% *A striking off application has been submitted for TAG Nitecrest Limited to the Companies House in UK, i.e., the regulatory body for limited companies in the UK 31 AUSTRIACARD HOLDINGS ILRA POST HOLDING SRL (Romania) 50,10 % NEXT DOCS CONFIDENTIAL SRL (Romania) 100% ILRA PINK POST OPERATIONS SRL (Romania) 100%#32IV Glossary Financials Adj. EBITDA EBITDA Market Cap Net Debt Other EPS bn CAGR CEE CEO CFO DIN DMS EMV FY HQ ID Challenger Banks IoT M&A mn MtM PCI POS R&D SEE ATHEX VSE EBITDA adjusted for long-term management participation plan accounting, effects from restructuring measures and restructuring related write-downs (impairments), gains and losses from foreign exchange differences, gains and losses from fair value accounting Earnings before tax, depreciation and amortization Market Capitalization Total loans and borrowings including secured and unsecured bank loans, bonds, brand overdrafts and finance lease liabilities minus cash and cash equivalents Earnings Per Share: Earnings divided by the 36,353,868 shares currently outstanding, post the August 17, 2023, 2 to 1 share split billion Compound annual growth rate Central and Eastern Europe Chief Executive Officer Chief Financial Officer Recently established retail financial institutions, whose activities are based on digital technology and who compete with the large, established banks Deutsches Institut für Normung (German Instuture for Standardization) Dealer Management System Europay, Mastercard, Visa Full year Headquarters Identity document or identification Internet of Things Mergers and Acquisitions million Machine to Machine Payment Card Industry Point of sale Research and development Southeastern Europe Athens Stock Exchange Vienna Stock Exchange AUSTRIACARD HOLDINGS 32#33Disclaimer This presentation is made by AUSTRIACARD (the "Company") for you as intended recipient and is strictly confidential. It is furnished to you solely for your information and may not be copied, distributed or otherwise made available to any other person by any recipient. The facts and information contained herein are based on currently available information and data, are as up to date as is reasonably possible and may be subject to revision in the future. Neither the Company nor any of its directors, officers, employees nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this presentation. Whilst all reasonable care has been taken to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate. The presentation is not intended to be relied upon as legal, accounting, regulatory, tax or other advice, does not take into consideration the goals, or the legal, accounting, regulatory, tax or financial situation or the needs of the recipients and does not form the basis for an informed investment decision. The Company and any of its respective affiliates, advisers, officers, managers or representatives, does not accept any liability whatsoever for any loss or damage arising from any use of this presentation and explicitly disclaim any liability whatsoever arising from it. This presentation contains forward-looking statements, which involve risks and uncertainties. These statements may be identified by words such as "expectation" or "target" or "forecast" and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward- looking statements. This presentation does not constitute a recommendation for investment to any securities or form part of and should not be construed as, an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities of the Company in any jurisdiction or an inducement to enter into any investment activity. A public offer may only be made after publication of a prospectus prepared in accordance with the respective legal provisions of the jurisdictions concerned. This presentation is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States of America. AUSTRIACARD HOLDINGS 33