#1Nexi Capital S.p.A. Investor Presentation Nexi Capital Notes November 2018#2Disclaimer IMPORTANT: You must read the following before continuing. No representation and no liability: The information contained in this documentation has been supplied by Nexi Capital S.p.A. (the "Company"), its parent Nexi S.p.A. and its affiliates (together, the "Group"). The Group completed a corporate reorganization (the "Reorganization") on July 2, 2018. This presentation contains financial information of the Group for the nine months ended September 30, 2018, solely in respect of periods subsequent to June 30, 2018, and does not reflect the Group structure prior to the Reorganization. The results of the pre-Reorganization Group are not comparable to the results of the post-Reorganization Group and should not be read as a proxy therefore. The Group makes no representation or warranty or other assurance, express or implied, that this document or the information contained herein or the assumptions on which they are based are accurate, complete, adequate, fair, reasonable or up to date and they should not be relied upon as such. The Group does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this document and any liability is expressly disclaimed. No recommendation: The sole purpose of this document is to provide background information to assist investors in obtaining a general understanding of the business and the outlook of the Group. This document contains only summary information and does not purport to and is not intended to contain all of the information that may be required to evaluate, and should not be relied upon in connection with, any potential transaction. It is not intended to be (and should not be used as) the sole basis of any credit analysis or other evaluation, and it should not be considered as a recommendation by any person for you to participate in any potential transaction. The Group expressly disclaims any duty, undertaking or obligation to update publicly or release any revisions to any of the information, opinions or forward-looking statements contained in this document to reflect any events or circumstances occurring after the date of the presentation of this document. No advice: The Group does not provides legal, accounting or tax advice, and you are strongly advised to consult your own independent advisers on any legal, tax or accounting issues relating to these materials. Forward-Looking Statements: This document may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Forward-looking statements are based on assumptions and current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Group does not undertakes publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise. Projections: Any projections or forecasts in this document are illustrative only and have been based on the estimates and assumptions described in this document in relation to them which may or may not prove to be correct. Each recipient of this document should be aware that these projections do not constitute a forecast or prediction of actual results and there can be no assurance that the projected results will actually be realised or achieved. Actual results may depend on future events which are not in the Group's control and may be materially affected by unforeseen economic or other circumstances. We present herein certain unaudited pro forma financial information for the Group (the "Unaudited Pro Forma Financial Information") for the nine months period ended September 30, 2018 compared to the nine months period ended September 30, 2017 for the Group. The calculation of pro forma data is based on management estimates and internal management accounts. These numbers have not been audited and may not be derived from financial statements prepared in accordance with IFRS. Results indicated by these pro forma measures may not be realized, and funds depicted by these measures may not be available for management's discretionary use if such results are not realized. Expected cost savings and synergies presented herein are based on assumptions about our ability to implement these measures in a timely fashion and within certain cost parameters. The ability of the Group to achieve these cost savings and synergies is dependent upon a significant number of factors, some of which are out of our control. The Group may not be able to fully realize, or realize in the expected timeframe, the expected benefits from our cost measures. We present herein certain financial measures that are not recognized by IFRS. Different companies and analysts may calculate these non-IFRS measures differently, so making comparisons among companies on this basis should be done very carefully. These non-IFRS measures have limitations as analytical tools, are not measures of performance or financial condition under IFRS and should not be considered in isolation or construed as substitutes for operating profit or net profit as an indicator of our operations in accordance with IFRS. We believe the non-IFRS measures presented herein are useful to investors because they can provide a useful additional basis for comparing the current performance and condition of the underlying operations being evaluated by eliminating potential differences in results of operations and financial condition between periods or companies caused by factors such as depreciation and amortization methods, historical cost and age of assets, financing and capital structures, taxation positions or regimes and temporary accounting or non-recurring effects. No offer: This document, the information contained in it or any other information about the Group shall not constitute or form part of any legal agreement, and does not constitute or form part of, and should not be construed as, an offer to sell or a solicitation of an offer to subscribe for, underwrite or otherwise acquire any securities of the Group or any subsidiary or affiliate, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Group or any subsidiary or affiliate, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The distribution of this document in certain jurisdictions may be restricted by law. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions. No liability to any person is accepted by the Group, including in relation to the distribution of the document in any jurisdiction. By attending the meeting at which this presentation is made, dialling into the teleconference during which the presentation is made or reading this presentation, you agree to be bound by the limitations set out herein. This document contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse. nexi 2#3Today's Presenters nexi Bernardo Mingrone Chief Financial Officer Appointed CFO of Nexi in 2016 nexi ■ Prior roles include Group CFO of UniCredit (2015-2016) and Deputy GM in charge of Finance and Operations at BMPS (2012- 2015), preceded by a career in investment banking at Lehman Brothers and J.P. Morgan ■ Holds a degree in Economics from LSE Francesco Gaini Head of Strategic Planning and Reporting Lorenzo Calò ■ Joined Nexi in 2017 ■ Prior roles include positions at BCG, Intesa Sanpaolo and Funds World Financial Services ■ Holds an MBA from Kellogg School of Management and a CEMS master degree from Bocconi and HEC Paris nexi nexi Head of Finance ■ Joined Nexi in 2018 ■ Prior roles include senior positions at Telecom Italia, including Head of Group Treasury and Financial Advisory and Head of Strategic Finance Holds a degree in Banking, Finance and Economics from LUISS University 3#4Executive Summary ⚫ On 1st July 2018 Mercury Group completed a corporate reorganisation to separate the digital payments and ancillary businesses (new "Nexi Group") from the regulated banking operations, which were pooled into a BankCo ("DEPObank”) and spun-off to its shareholders. The Nexi Group comprises of the following revenue-generating subsidiaries: Nexi Payments, Bassilichi Payments, Mercury Payments, Oasi Diagram, Helpline, and Sparkling 18. • To support the reorganization and refinance outstanding debt at the holding company level, Nexi Capital raised €2.6bn, via publicly-traded Notes and Private Notes (€2.2bn and €0.4bn, respectively). Furthermore, the Nexi Group entered into a new RCF, as well as a settlement obligations factoring agreement with BBB rated Unicredit. On 28th September 2018 Nexi Payments closed the acquisition of Banca Carige's merchant acquiring book - one more step towards building- up scale through disciplined M&A. While making significant strategic progress, the Nexi Group delivered a solid Q3 2018 YTD financial performance. On a pro-forma basis¹: ○ Operating Revenue grew by a volume-driven 4.6% to €729m ○ EBITDA increased by 13.4% to reach €313m, with an EBITDA margin expansion of over 3 percentage points to 43.0% o Cash conversion² stood at over 67% (notwithstanding Capex increasing by 65% for the same period last year) o Net profit increased to €40m, after (pre-tax) non-recurring negative items totalling €68m ○ LTM 30-Sep-2018 Adjusted EBITDA amounted to €514m (Pro-Forma Net Leverage³ of 4.6x). • Non-financial KPI showed Q3 2018 YTD transaction volumes growing 11.7% in Merchant Services & Solutions and 9.8% in Cards & Digital Payments. 1. 2. 3. Includes the Pro-Forma impact of: (i) the full year contribution of recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. Cash Conversion defined as EBITDA less CapEx, as % EBITDA. Net Leverage defined as Net Debt divided by LTM Adjusted EBITDA (See Listing Particulars for further information). nexi 4#5Executive Summary I. Corporate Structure II. Q3 2018 YTD Pro-Forma Key-Financials III. Q3 2018 YTD Pro-Forma Results by Business Unit IV. Selected Financial Information and Funding Update Appendix nexi 5#61. Corporate Structure#7Recap of 2018 YTD Key-Events January Filing with Bank of Italy for corporate reorganization and spin-off of regulated banking activities April Acquisition of digital payments start-up Sparkling 18 (Closing) Debt refinancing (€2.2bn SSNs/FRNs, followed by €0.4bn Private Notes issue in July) May June Sale of Bassilichi Payments non-core business (Closing) July Completion of Nexi group restructuring and related transactions September Carige Merchant Acquiring acquisition (Closing) SPARKLING BANCA CARIGE 2018 is proving to be a landmark year, in which Nexi has been making significant strategic progress Source: Company information. nexi 7#8Post-Transactions Corporate Structure Current Corporate Structure (as at July 2nd, 2018) Advent International GLOBAL PRIVATE EQUITY BainCapital * CLESSIDRA Mercury A Capital Limited Mercury B Capital Limited Mercury ABC Capital Limited 33.3% 33.3% Mercury UK HoldCo Limited (UK) 33.3% 93.2% Nexi S.p.A. nexi every day, every pay Revolving Credit Facility (€325m) Nexi Payments (98.8%) Mercury Payments Bassilichi Payments Helpline (70.0%) Oasi Diagram Sparkling 18 Nexi Capital S.p.A. (BondCo) SSN and FRN (€2,200m) Private Notes (€400m) nexi Source: Company information. BondCo being merged into Nexi S.p.A. Nexi Capital Notes Restricted Group 8#9II. Q3 2018 YTD Pro-Forma Key-Financials#10Q3 2018 YTD Performance Solid financial performance with growth in both Revenues and EBITDA nexi Revenues¹ (Y-o-Y) Breakdown of Revenues (gross of consolidation items) by Business Unit (post-Reorganization perimeter) EBITDA² (Y-O-Y) EBITDA margin CapEx (Y-o-Y) Cash Conversion ratio³ Proforma Q3 17 YTD €697.5m Other Services Digital 10% Banking Solutions 13% 42% 4.6% Proforma Q3 18 YTD €729.3m Other Services Digital Banking Solutions 10% 12% 43% Cards & Digital Payments 35% Merchant Services & Solutions Cards & Digital Payments 35% €276.4m 39.6% 13.4% €313.3m 43.0% €62.1m 65.0% €102.5m 77.5% 67.3% Merchant Services & Solutions Source: Company information. 1. Includes the Pro-Forma impact of: (i) the full year contribution of recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. 2. Normalized EBITDA: excludes non recurring items. 3. Cash Conversion ratio defined as EBITDA less CapEx, as % EBITDA 10#112015-Q3 18 LTM Revenues, EBITDA and Cash Conversion LTM Operating Revenues (€m) LTM EBITDA (Em) % of operating revenues 975 943 872 812 Margin % 30.7% 36.3% 39.2% 41.7% 50.9% 514 370 407 317 249 2015 2016¹ 2017² LTM Q3'18² 20151,3 1,3 2016 20172,3 LTM Q3'182,3 LTM Q3'18 2,4 Adjusted LTM CapEx (€m)5 7.9% 9.8% 64 86 9.8% 13.6% 74.3% % of EBITDA7 133 92 92 LTM Cash Conversion (€m)6 73.0% 75.0% 67.3% 274 277 231 185 nexi 2015 Source: Company information. 2016 2017 LTM Q3'18 2015¹ 2016¹ 20172 LTM Q3'18² 1. Aggregated Non-GAAP financial measures. See Listing Particulars af Nexi Capital for further information. 2. Represents pro-forma operating revenue/EBITDA on a segmental basis, including the pro-forma impact of: (i) the full fiscal year contribution from recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. 3. Normalized EBITDA: excludes non recurring items. 4. See EBITDA adjustments on slide 13. 5. Calculated on a pro-forma basis. 6. Cash Conversion defined as EBITDA less CapEx. 7. Cash Conversion ratio defined as EBITDA less CapEx, as % EBITDA 11#12LTM Pro-Forma Adjusted EBITDA and Net Profit Bridge from LTM EBITDA to LTM Adjusted EBITDA and LTM Net Profit (Pro-Forma figures) nexi 407 Q3'18 EBITDA LTM Pro-Forma EBITDA¹ (€m) 38 35 34 514 407 LTM Pro-Forma Net Profit¹ (€m) 117 Mostly includes transformation plan, HR severance, and Nexi reorganisation and re-branding 124 109 Nexi Capital interest expenses (incl. amortized debt issuance costs) 14 42 0 Source: Company information. 1. Includes the Pro-Forma impact of: i) the full year contribution of recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. 2. Includes share of gains/losses of associates 12#13Overview of EBITDA Adjustments Cost • Purchasing: Full effect of cost-cutting on production costs and on G&A based on initiatives launched in 2017 and additional cost savings initiatives already identified and launched in 2018 • HR: Full effect of restructuring initiative already completed (2017 exits and deferred exits) • IT Processing & Running: Processing costs renegotiation with key suppliers, further identified savings on running costs Dec 2017¹ Delivered Sep'2018 Savings . Post- Merger Synergies IT Strategy: Saving targets related to identified actions on Infrastructure, ATMs and CBI, software and licensing €44m €6m €38m • Operations: Cost savings initiatives launched in 2017 and delivering further run-rate savings over the next years (e.g. fraud management improvement, reduction in maintenance interventions, etc.) • Contact Centre: Initiatives launched in 2017 and delivering further savings over the next 1-2 years mainly by reducing reasons to call, increasing first contact resolution and pushing digital care Bassilichi: Company integration by 2019; G&A savings (renegotiation of contracts, elimination of BoD indemnities, centralized services, etc.); procurement savings (run rate effects of initiatives already launched / completed); integration of IT platforms and corporate systems • Mercury Payments: Synergies from Technology, Operations and central function integration by end of 2019 . IT Strategy: Cost-synergies from the integration of Bassilichi and Mercury Payments IT platforms, technology and corporate systems into Nexi's • Innovation bundle: VAS / Innovation package. Defined in 2017 and active in 2018 • E-Commerce: commercialization of state-of-the art E-Commerce solution for SMEs • Apple Pay: full impact of launch of Apple Pay and Samsung Pay solutions €38m €3m €35m Innovation and CVM Initiatives • Customer Value Management: Acquisition of Carige book; CVM initiatives on acquired merchant books and on existing customer base €44m €10m €34m International Debit: growth of International Debit cards for client banks (contracts signed and ongoing negotiation with other banks benefiting both Issuing and Acquiring) • ACH Instant Payments: Instant ACH already developed. Included in adjustments contracts already signed with 2 banks and other banks in advanced negotiation • PSD2 Gateway: exclusive contract with CBI Consortium for the development of PSD2 Gateway (Open Banking) Total 1. Please refer to Nexi Capital Listing Particulars for further information. nexi €126m €19m €107m 13#14III. Q3 2018 YTD Pro-Forma Results by Business Unit#15BU Merchant Services & Solutions: Q3 2018 YTD Pro-Forma Results nexi Managed Transactions (# m) Value of Managed Transactions (€ bn) Managed POS (# '000) 11.7% 6.6% 8.1% 2,347 172.3 183.7 1,449 1,340 Merchant Services & Solutions 2,101 Q3'17 YTD Q3'18 YTD Q3'17 YTD Q3'18 YTD Q3'17 Q3'18 Q3'18 YTD Total Pro-Forma Revenues (gross of consolidation items) 43% Pro-Forma Revenues (Єm) LTM Pro-Forma Revenues (€m) 6.5% 324 409 429 305 Q3'17 YTD Q3'18 YTD FY'17 Q3'18 YTD Digital payments market trends drove double-digit volume growth in transactions. Lower increase rate in value of transactions due to declining average ticket, on the back of demand-side trends and our commercial push for micro-payments. As a result, revenues increased by 6.5% - on a pro-forma basis for the Carige book acquisition. ■ Key initiatives: Carige book acquisition (over 20k merchants being served via direct referral), launch of double-screen omni- channel "Smart POS" Poynt terminals (Italian market exclusivity), new E-commerce solutions for SMEs. Source: Company information. 15#16BU Cards & Digital Payments: Q3 2018 YTD Pro-Forma Results nexi 5228 3333 0018 0813 COGNOME MOME nexi Managed Transactions (# m) Value of Managed Transactions (€ bn) Managed Cards (# m) 9.8% 5.2% 1,716 1,563 (3.9%) 43.6 42.0 143.7 136.5 Cards & Digital Payments Q3'17 YTD Q3'18 YTD Q3'17 YTD Q3'18 YTD Q3'17 Q3'18 Q3 18 YTD Total Pro-Forma Revenues (gross of consolidation items) 35% Pro-Forma Revenues (Єm) LTM Pro-Forma Revenues (€m) 6.9% 267 337 354 250 Q3'17 YTD Q3'18 YTD FY'17 Q3'18 YTD ■ Transactions up by approx. 10% and 5% in number and value respectively, in acceleration during summer months, whilst the managed card portfolio shrank as a consequence of the planned one-off clean-up of inactive prepaid cards. ☐ On the back of higher transaction volumes, revenues increased by 6.9%. Key initiatives: issue of approx. 175k new International Debit cards, launch of mobile payments (Apple Pay, Google Pay, and Samsung Pay), innovation in premium segment ("Nexi Black" metal card with Cless technology), Easy Shopping (single-transaction instalment card). Source: Company information. 16#17BU Digital Banking Solutions: Q3 2018 YTD Pro-Forma Results nexi Clearing Transactions (# m) E-banking Licenses (# '000) Managed ATMs (# '000) (10.5%) (11.7%) (0.8%) Digital Banking Solutions 685 613 493 21.4 21.2 435 Q3'17 YTD Q3'18 YTD Q3'17 Q3'18 Q3'17 Q3'18 Q3 18 YTD Total Pro-Forma Revenues (gross of consolidation items) 12% Pro-Forma Revenues (Єm) LTM Pro-Forma Revenues (€m) (7.9%) 132 124 95 87 Q3'17 YTD Q3'18 YTD FY'17 Q3'18 YTD ☐ Post-merger restructuring affecting some large clients weighed on E-banking network and, coupled with an unfavourable base- effect, on Clearing volumes. Number of ATMs broadly flat, against a backdrop of bank branch closures. Revenues decreased by 7.9%, reflecting market developments and due to a particularly strong Q3 17 YTD performance. ■ Key initiatives: ACH Instant Payments services to two mid-to-large banking groups, with advanced negotiations underway with one more large and some other smaller clients. Source: Company information. 17#18nexi BU Other Services: Q3 2018 YTD Pro-Forma Results Q3 18 YTD Total Pro-Forma Revenues (gross of consolidation items) 10% Q3 YTD Pro-Forma Revenue Bridge Q3 17 YTD Pro-Forma Revenues 1,2 (€m) 305 Pro-Forma Revenues (€m) LTM Pro-Forma Revenues (€m) 6.6% 73 95 100 69 Q3'17 YTD Q3'18 YTD ■ "Other Services" include Oasi Diagram's AML and regulatory reporting services, Help Line's call center operations, Sparkling 18 and Bassilichi's ancillary services to Cards & Digital Payments businesses. Revenues increased by 6.6%, mostly due to Oasi's AML product sales. Merchant Services & Solutions Digital Cards & Payments Digital banking Services 250 95 69 (20) 698 324 Other Services Consolidation items Total FY'17 Q3'18 YTD Q3 18 YTD Pro-Forma Revenues 1,2 (€m) 267 87 73 (23) 1. Includes the Pro-Forma impact of the full year contribution of recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. 2. Consolidation items refer to intercompany transactions. Merchant Services & Solutions Digital Cards & Payments Digital Banking Solutions Other Services Consolidation items Total 729 18#19IV. Selected Financial Information and Funding Update#20Selected Financial Information (Єm, unless otherwise stated) 1 Pro forma operating revenue Pro forma normalised EBITDA 1 Selected P&L Information Pro forma normalized EBITDA margin Pro forma Adjusted EBITDA³ 3 Pro forma Adjusted EBITDA margin 1,2 Pro forma profit for the period attributable to the owners of the parent Pro forma net debt Selected Cash available to service debt RCF draw-down Debt Information 5 Pro forma cash interest expense Ratio of pro forma net debt to Adjusted EBITDA Ratio of Adjusted EBITDA to pro forma interest expense Dec 2017 LTM Sep'2018 943 975 370 407 39.2% 41.7% 496 514 50.2% 50.9% (2) 14 2,537 n.a. 2,365 123 n.a. (109) (109) 5.1x 4.6x 4.6x 4.7x Including cash reserves earmarked for the planned Nexi S.p.A. dividend payment (approx. €150m) to minority interests (other than HoldCo), as detailed in the Nexi Capital Listing Particulars Source: Company information and Management information. 1. Represents pro-forma operating revenue/EBITDA on a segmental basis, including the pro-forma impact of: (i) the full fiscal year contribution from recently acquired businesses, (ii) certain transaction costs associated with the Nexi Capital offering and recent acquisitions, and (iii) certain transactions with DEPObank. Normalized EBITDA: excludes non recurring items. 2345 2. 3. See EBITDA Adjustments on slide 13 for further information. 4. Includes senior secured debt and debt under local facilities, net of cash and cash equivalents. nexi 5. Includes amortized debt issuance costs 20 20#21Issuing Licensing Factoring Funding Update - Settlement Lines ■ Up to September 30 2018, more than EUR 6,222m receivables (€5,838m without recourse) have been factored to UniCredit on a daily basis. The committed factoring lines have been covering in full the amount of receivables sold and outstanding from time to time. Moreover, Nexi can ask for a rebalancing of the value and allocation of the factoring lines twice per year. Max usage (1-day spike from inception to 09/30): 3,000 € MLN 2,500 2,000 1,500 1,000 Factoring Commitment Drawn Without Recourse 2,897,600,000 With Recourse Total factoring lines* *excluding €350m bridge facility 195,200,000 3,092,800,000 2,539,626,496 155,886,119 2,695,512,616 Available 357,973,504 39,313,881 397,287,384 % Available 500 12% 20% Without Recourse With Recourse 13% ■Committment Drawn Bilateral Banking Credit € MLN 1,200 4 1,000 800 600 Lines 400 200 nexi Source: Company information. Bilateral banking credit lines to support all other working capital needs (mostly daily acquiring licensing receivables) have been covering more than 2.5x the actual needs. Nexi Payments and Mercury Payments bilateral banking credit lines usage: 1,600 1,400 02/07/2018 09/07/2018 16/07/2018 23/07/2018 30/07/2018 06/08/2018 13/08/2018 20/08/2018 27/08/2018 03/09/2018 10/09/2018 17/09/2018 24/09/2018 Drawn Available Investment grade counterparties represent >80% of the available credit lines Committed credit lines represent 24% of the available credit lines (71% considering revolving short-term commitments) 21#22Appendix#23Pro-Forma KPI LTM and CAGRS¹ Managed Transactions (# m/€ bn)² €212bn CAGR (2015-LTM Q3 2018) Managed POS (# '000) €220bn €232bn €245bn 9.4% 3,100 2,841 1,213 1,274 Merchant Services & 2,616 Solutions 2,423 2015 2016 nexi €169bn SE 833 0018 0903 LTE nb Cards & Digital Payments Digital Banking Solutions 2017 LTM Q3'18 2015 2016 Managed Transactions (# m/€ bn)² €177bn €186bn 9.2% €193bn 6.7% 1,385 1,449 2017 Q3'18 Managed Cards (# m) 0.4% 2,287 41.5 42.0 44.2 42.0 2,134 1,955 1,795 2015 2016 2017 LTM Q3'18 2015 2016 2017 Q3'18 Clearing Transactions (# m) 8.0% E-banking Licenses (#6000) (5.4%) Managed ATMs (# '000) (0.6%) 869 915 843 507 524 21.6 21.2 519 21.2 21.2 683 435 2015 2016 2017 LTM Q3'18 2015 2016 2017 Q3'18 2015 2016 2017 Q3'18 Group figures from 2015-17 include the pro-forma impact of the full fiscal year contribution from the acquisitions of Mercury Payments, MPS Acquiring, and Bassilichi Payments. Group figures from 2015-17 aggregate the number of transactions managed under our licensing, servicing and direct issuing and acquiring models. Source: Company information. 1. 2. nexi 23#24Overview of Non-Recurring Items Non-recurring expenses/(income) largely due to restructuring, M&A and transformation plan- Full-Year Figures (€m) 1,2 related initiatives Proforma Q3 YTD Figures (€m)¹ Including: Transformation and other admin. expenses, including ICBPI acquisition (€55.2m) HR restructuring (€15.9m) Bassilichi fund releases and other (€-1.2m) Including: Transformation (€57.4m) HR restructuring (€48.7m) Taxes on M&A deals (€17.0m) Nexi rebranding (€5.5m) Key-people hiring and other (€5.2m) Including: HR restructuring (€31.6m) Transformation (€18.2m) Taxes on M&A transactions (€17.0m) Nexi rebranding (€3.2m) VAT on terminal purchases (€1.8m) Reorganisation and other (€5.6m) Including: Transformation (€25.8m) HR restructuring (€16.2m) Reorganisation (€9.7m) Nexi rebranding (€4.3m) Merchant book sale (€-21.0m) Data center termination fee (€11.1m) Bassilichi write-off (€6.3m) Hedging derivatives and other (€15.6m) 11.0 FY 2015 69.9 133.7 77.3 68.0 FY 2016 FY 2017 Q3'17 YTD Q3'18 YTD Source: Company information. 1. Non-recurring costs, net of non-recurring income. 2. Full-year 2017 on a pro-forma basis. nexi 24#25Nexi Group - Proforma Profit & Loss¹ Operating revenue Administrative expenses: thereof: Payroll and related costs (in € millions) thereof: Other administrative expenses Other net operating expenses/income Net accruals to provisions for risks and charges Operating costs (before depreciation and amortisation) EBITDA Q3'2018 YTD Q3'2017 YTD Change % Change 729.3 697.5 31.7 4.6% (415.6) (416.3) 0.7 (0.2%) (128.1) (130.0) 1.9 (1.5%) (287.5) (286.3) (1.2) 0.4% 5.9 2.0 3.9 194.9% (6.3) (6.9) 0.6 (8.1%) (415.9) (421.2) 5.2 (1.2%) 313.3 276.4 37.0 13.4% Depreciation, amortisation and impairment losses (included in operating profit) Operating profit (56.2) (45.1) (11.1) 24.6% 257.1 231.2 25.9 11.2% Depreciation, amortisation on customer contracts (27.9) (23.5) (4.4) 18.7% Share of gains/losses of Associates (0.3) 0.0 (0.3) Interest expenses on Notes and PP Non-recurring/extraordinary items Pre-tax profit Income taxes Profit for the period Profit for the period attributable to minority interests (81.5) (81.5) 0.0 (68.0) (77.3) 9.3 (12.0%) 79.4 49.0 30.5 62.2% (38.3) (26.0) (12.3) 47.4% 41.2 23.0 18.2 79.0% (1.3) 0.8 (2.1) n.m. Profit for the period attributable to the owners of the parent 39.9 23.8 16.1 67.8% nexi Source: Company information. 1. As of the date of this presentation we have not reported "actual" Q3 2018 YTD financials that have been prepared in accordance with IFRS. The information presented here has not been prepared in accordance with IFRS or other generally accepted accounting principles and should not be read as a substitute for information contained in our IFRS financial statements, which will be disclosed later. 25#26Thank You for Your Attention Investor Relations: [email protected] A#27nexi every day, every pay