Worldline’s Shareholders Meeting and Board of Directors of June 5, 2025 Paris La Défense, June 5, 2025 - Worldline [Euronext: WLN], a global leader in payment services held today its Shareholders’ Meeting chaired by Mr. Wilfried Verstraete, Chairman of the Board of Directors. Shareholders’ Meeting held on June 5, 2025 At today's meeting, shareholders adopted all the resolutions submitted by the Board of Directors, in particular: the Company and consolidated accounts for the financial year ended on December ...

Investment Rating - The report maintains an "Outperform" rating for the company [2][18][20] Core Insights - The company's three growth engines—Consumer Payments, Commercial Payments & Money Flow Solutions, and Value-Added Services—continue to drive revenue growth [4][16][20] - The adjusted EPS for 2QFY25 was $2.76, reflecting a year-on-year increase of 9.9%, surpassing both internal and market expectations [3][15][20] - The company has a target price of $392.04, indicating a potential upside of 7.2% from the current price of $365.86 [2][20] Revenue and Profitability - Total revenue for 2QFY25 was $13.33 billion, a 10.8% year-on-year increase, slightly below expectations [3][15] - Net revenue, after client incentives, grew by 9.3% year-on-year to $9.59 billion, exceeding estimates [3][15] - Key revenue components included: - Services revenue increased by 9.1% to $4.40 billion, driven by a 7.6% rise in payment volume [3][15] - Data processing revenue rose by 10.4% to $4.70 billion, corresponding to an 8.0% increase in processed transactions [3][15] - International transaction revenue grew by 10.3% to $3.3 billion, primarily due to a 13.0% increase in cross-border transaction volume [3][15] Growth Drivers - The Consumer Payments segment benefited from increased payment volume and cross-border transactions [4][16] - Commercial Payments & Money Flow Solutions revenue grew by 13% year-on-year in constant dollars, with a 6% increase in commercial payment transaction volume [4][16] - Value-Added Services revenue accelerated by 22% year-on-year to $2.6 billion, with growth across all product portfolios [6][16] Market Position and Strategy - The company is enhancing global contactless payment penetration through innovations in Tokenization and Tap technology, with emerging markets as key growth areas [8][17][19] - By the end of 2QFY25, global Tap to Pay penetration reached 76%, with the U.S. market surpassing 60% for the first time [19] - The company has entered a partnership with Efecty in Colombia to expand card acceptance scenarios [19] Management Outlook - Management remains optimistic about the company's outlook, maintaining full-year guidance with expected low double-digit growth in net revenue and operating expenses [9][20] - For 3QFY25, adjusted EPS growth is projected to be approximately 17%-19% year-on-year [20] - The company has authorized a new $30 billion multi-year stock repurchase plan, reflecting confidence in future performance [3][20]

Summary of WEX FY Conference Call (June 04, 2025) Company Overview - **Company**: WEX Inc. - **Industry**: Global commerce platform focusing on corporate payments, benefits, and mobility sectors - **Revenue**: Approximately $2.6 billion [5] - **Employees**: 6,500 [5] - **Market Presence**: Operating in 16 countries [5] - **History**: Established for 40 years, public for 20 years [5] Core Business Segments 1. **Mobility** - Closed loop network for data capture on purchases [6] - Focus on both traditional gas-powered and electric vehicles (EVs) [7] - Customers seek integrated data for total cost of ownership [7] - 20% market share in a $25 billion total addressable market (TAM) [37] 2. **Benefits** - Transactions compliant with IRS regulations (e.g., HSA, FSA) [8] - Over 20 million consumers using WEX products [8] - 5% market share with potential for growth, especially with HSA expansion [42] 3. **Corporate Payments** - Simplifying payment facilitation through technology [9] - 19% of total revenue from this segment [11] - Focus on expanding beyond travel-related payments [24] - 50% of revenue from non-travel corporate payments [46] Financial Performance - **Growth Rates**: - 13% top-line growth and 15% EPS growth historically [12] - Long-term growth target of 5-10% [26] - **Revenue Sources**: - Primarily from interchange (payment processing) and SaaS fees [11] - **Cash Position**: - $750 million in net cash, with $150 million readily available [27] Strategic Focus and Growth Opportunities - **Product Innovation**: - Increasing speed of product innovation and expanding product offerings [17] - Focus on embedded payments and accounts payable (AP) solutions [50] - **Market Expansion**: - Targeting smaller markets in mobility and corporate payments [37][44] - Significant opportunity in non-travel corporate payments [46] - **EV Transition**: - Positioned to support hybrid fleets and EV solutions [62] - Offering integrated solutions for both gas and electric vehicles [62] Challenges and Market Dynamics - **Volatility in Corporate Payments**: - Increased focus on diversifying growth outside of travel due to market volatility [24] - **Economic Environment**: - Mixed performance in the North American fleet marketplace, with a slight decline in same-store sales [41] - **Regulatory Changes**: - Potential growth from legislative changes affecting HSAs [42] Capital Allocation and Shareholder Returns - **Share Buybacks**: - Recent significant share buyback to return value to shareholders [34] - **Debt Management**: - Current leverage at approximately 3.5 times, with a target of 2.5 to 3.5 times [31] Conclusion - WEX is strategically positioned for long-term growth through its diversified business segments, innovative product offerings, and focus on market expansion. The company is navigating challenges in the corporate payments space while capitalizing on opportunities in mobility and benefits sectors.

Investment Rating - The report maintains an "Outperform" rating for the company [2][20]. Core Insights - The company's three growth engines—Consumer Payments, Commercial Payments & Money Flow Solutions, and Value-Added Services—continue to drive revenue growth, with a 10.8% year-on-year increase in total revenue for 2QFY25 [3][16]. - Adjusted EPS for 2QFY25 was $2.76, reflecting a 9.9% year-on-year growth, surpassing both internal and market expectations [3][20]. - The management remains optimistic about the company's outlook, maintaining full-year guidance with expected low double-digit growth in net revenue and operating expenses [20]. Revenue and Profitability - Total revenue for 2QFY25 reached $13.33 billion, slightly below expectations, while net revenue after client incentives was $9.59 billion, exceeding estimates [3][15]. - Payment services revenue grew by 9.1% to $4.40 billion, driven by a 7.6% increase in payment volume [3][15]. - Data processing revenue increased by 10.4% to $4.70 billion, with an 8.0% rise in processed transactions [3][15]. Growth Drivers - The Consumer Payments segment saw growth due to increased payment volume and cross-border transactions, while Commercial Payments & Money Flow Solutions revenue grew by 13% year-on-year in constant dollars [4][16]. - Value-Added Services revenue accelerated by 22% year-on-year to $2.6 billion, with all product portfolios contributing to growth [6][16]. Market Position and Strategy - The company is enhancing global contactless payment penetration through technological innovations, with 76% penetration of Tap to Pay globally as of 2QFY25 [17][19]. - A partnership with Efecty in Colombia aims to expand card acceptance scenarios, targeting over 30 million users [19]. Future Guidance - For 3QFY25, the company expects net revenue growth and operating expense growth in the low double digits, with adjusted EPS growth projected at 17%-19% year-on-year [20]. - The full-year guidance remains unchanged, with expectations for net revenue growth at a low double-digit rate and adjusted EPS growth around 13-15% year-on-year [20].

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO CANADA, JAPAN, SOUTH AFRICA, AUSTRALIA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE Worldline has successfully placed a €550 million 5-year bond issue Paris La Défense, 3 June 2025– Worldline [Euronext: WLN], a global leader in payment services, today announces the successful ...

Core Viewpoint - The withdrawal of Jared Isaacman’s nomination as NASA Administrator by President Trump highlights the influence of political donations and affiliations in high-level appointments within the U.S. government [1][3]. Group 1: Nomination Withdrawal - President Trump announced the withdrawal of Jared Isaacman's nomination for NASA Administrator, citing the need for alignment with the "America First" agenda, though specific reasons were not disclosed [1]. - The decision to withdraw the nomination was reportedly influenced by Trump's surprise at discovering Isaacman's past donations to prominent Democrats [3]. Group 2: Jared Isaacman's Background - Jared Isaacman is the founder and CEO of Shift4 Payments and has established a close relationship with Elon Musk through collaborations in the commercial space sector [5]. - Isaacman had previously donated $2 million to Trump's inauguration committee, which was a point of contention in the nomination process [7]. Group 3: Reactions and Implications - Elon Musk expressed regret over the withdrawal of Isaacman's nomination, emphasizing the difficulty in finding someone as capable and talented [7].

Core Viewpoint - The article discusses the withdrawal of Jared Isaacman’s nomination as NASA Administrator by President Trump, highlighting the political implications and connections within the tech and space industries [1]. Group 1: Nomination Withdrawal - President Trump announced the withdrawal of Jared Isaacman's nomination for NASA Administrator on May 31, citing the need for alignment with the "America First" agenda [1]. - The specific reasons for the withdrawal were not disclosed, but it was reported that Trump's decision was influenced by Isaacman's past donations to prominent Democrats [1]. Group 2: Background on Jared Isaacman - Jared Isaacman is the founder and CEO of Shift4 Payments and has established a close relationship with Elon Musk through collaborations in the commercial space sector [1]. - Isaacman had previously donated $2 million to Trump's inauguration committee, which was a point of contention leading to the withdrawal of his nomination [1]. Group 3: Reactions and Implications - Elon Musk expressed regret over the withdrawal, emphasizing Isaacman's capabilities and artistic talents, indicating the potential loss for NASA and the space industry [1].

Group 1 - The White House confirmed that President Trump plans to withdraw the nomination of Jared Isaacman as the head of NASA, citing the need for the next NASA administrator to align with Trump's "America First" agenda [1][3] - Trump's decision to withdraw Isaacman's nomination came after he learned of Isaacman's past donations to prominent Democrats, which surprised him as he was not informed about this prior [3][4] - Isaacman, the founder and CEO of payment processing company Shift4 Payments, was initially nominated by Trump in December 2024, following lobbying from Elon Musk, who highlighted Isaacman's experience in the space sector through SpaceX [3][4] Group 2 - During a Senate hearing in April regarding Isaacman's nomination, there were no significant obstacles, although questions were raised about his close ties to Musk and the implications for NASA's goals, particularly the Artemis program aimed at returning astronauts to the Moon [4] - The day before the White House confirmed the withdrawal of Isaacman's nomination, Trump held a press conference to bid farewell to Musk, who previously led the Office of Efficiency in the government [4]

Core Viewpoint - The article emphasizes that digital transformation is a crucial opportunity for physical merchants to overcome challenges posed by e-commerce and changing consumer habits, particularly through the use of the XingXingTong payment code [1][5][25]. Group 1: Challenges Faced by Physical Merchants - Physical merchants are experiencing unprecedented challenges due to the rise of e-commerce, changing shopping habits, and high operational costs, leading to decreased foot traffic and sales [5]. - The need for new solutions is pressing, as high rent and labor costs further strain the financial viability of physical stores [5]. Group 2: Digital Transformation as a Solution - Digital transformation is identified as a key strategy for merchants to expand sales channels, improve operational efficiency, and enhance customer experience [5][25]. - The XingXingTong payment code is highlighted as an effective tool for this transformation, offering convenience and security [6][25]. Group 3: Features of XingXingTong Payment Code - The payment code supports multiple payment methods, including WeChat Pay, Alipay, and bank cards, facilitating quick transactions without the need for cash [6]. - It features a real-time settlement function, allowing merchants to view transaction records instantly, ensuring financial security [6]. - The introduction of a points mall enhances customer loyalty and repeat purchases by allowing consumers to earn points during transactions [6]. Group 4: Benefits of the Points Mall - The points mall provides a transparent and fair mechanism for consumers to redeem points for goods and services, enhancing their shopping experience [17]. - Merchants can leverage the points system to create promotional activities, attracting more customers and increasing sales [17]. Group 5: Risk and Legitimacy of XingXingTong - The article argues that joining XingXingTong is a low-risk investment due to its strong brand background, mature business model, and commitment to long-term partnerships with merchants [7]. - The payment code has been approved by regulatory bodies, ensuring its legality and compliance, which reassures merchants about its use [13][24]. Group 6: Conclusion and Future Outlook - The article concludes that embracing digital opportunities through tools like the XingXingTong payment code can help physical merchants thrive in a challenging economic environment [25][26]. - It encourages ongoing exploration of new business models and technologies to invigorate the development of physical merchants while remaining vigilant against misinformation [26].

《中国民航报》、中国民航网 记者钱擘 报道：5月27日至5月29日，2025上海国际旅游交易博览会 （ITB中国2025）在沪举行，易宝支付作为深耕行业20年、国内航旅出行领域最重要的数字化交易服务 商之一，亮相本届展会。 "国内民航业几乎每2张成交的机票，就有1张由易宝提供支付服务"，展会现场，易宝支付的工作人员如 是说。确实，不仅各家在线旅游电商与航空公司间的票务支付结算，广泛通过易宝支付完成，即使在航 司直营销售领域，这家企业也为航空公司的移动端，后台支付系统等提供诸多支付领域的服务。在中国 民航长期深耕、打造了可观的行业领先地位之后，易宝支付在本届ITB上把展示内容和合作目光更多聚 焦于从"中国收付中国"、"中国收付全球"迈向"全球收付全球"的新蓝图，积极推介其"一站接入、享受 全球支付能力服务"的服务方案。 在沪亮相 ITB 的易宝支付展台 易宝支付合伙人、高级副总裁、易宝国际负责人花蕾告诉记者，国人和中国企业出海的范围越来越广， 是易宝支付积极优化技术和服务方案、力推其一站式全球支付方案的要因。 来自易宝支付的信息显示，近几年，航旅出行中，东南亚、中亚、非洲、拉美等新兴目的地小币种支付 的需求，越 ...