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Investor Presentaiton

2015-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
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