First Half

2023

Consolidated results, September 7th, 2023

Index

  1. MISSION
  2. COMPANY OVERVIEW- IVS AT A GLANCE
  3. COMPANY OFFICERS
  4. GROUP STRUCTURE
  5. HIGHLIGHTS
  6. CONSOLIDATED INCOME STATEMENT
  7. SIGNIFICANT AND SUBSEQUENT EVENTS
  8. ADJUSTED CONSOLIDATED INCOME STATEMENT
  1. OPERATING SECTOR PERFORMANCE
  1. VENDING PERFORMANCE 1H2023
  2. RESELLING PERFORMANCE
  3. Ho.Re.Ca. PERFORMANCE
  4. COIN DIVISION PERFORMANCE
  1. CAPEX
  2. M&A
  3. NET FINANCIAL POSITION
  4. CASH FLOW STATEMENT
  5. ANNEX
  1. DISCLAIMER

Consolidated Results 1H 2023

2

Company Overview / IVS at a glance

IVS Group S.A. is the market leader in the Italian vending machine

operators' sector (~21% Italian market share in value; 17% in

volumes)(1), and the only player with a nationwide presence.

Second player in Europe (7% market share) and the only public

listed vending company.

Owned by its active managers and founding shareholders,

which control ~ 62% of the shares, while the rest is on the market.

Italian leader in vending, second in Europe and third in Spain(2),

solid base for growth

Leadership position

Diversified

in a highly fragmented

customer portfolio (contract

European and Italian market

renewal rates in excess of 95%)

(>10,000 players)

Worldwide LEADER in vending

technologies and contact payments

Total Revenues 1H 2023 Other

1.9

Italy

8.8

France

6.6

Spain

82.7

Over 4,100 employees, 130 branches in Italy, Spain, France, Germany, Portugal, Switzerland, Poland, UK, San Marino and Hong Kong of which 10 Coinservice Division (Italian leader in coins management)

Over 825 million vends

and over 540 million

sales in 2022

n.292.3 thousand Vending

Machines installed

(~172.2K Automatic +

~120.1K OCS)

Continuous

investments in

Margin and pricing power

track record:

Best in class logistic and operations

Well-regarded

management team

with strong industry experience

Proven success

in the integration

of more than 210 bolt-on

acquisitions since 2007

Relatively

stable sector and high entry barriers

  1. Data year 2022 Confida - Proforma including 2022 M&A
  2. Data year 2021 EVA

new services and models

of Vending Machines

Value of European vending market)(1):

~10-12 billion,

with > 10,000 players (mostly very small and family owned)

Consolidated Results 1H 2023

3

Consolidated Results 1H 2023

4

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Disclaimer

IVS Group SA published this content on 07 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2023 16:16:05 UTC.