Raymond James Institutional Investors Conference March 3, 2026 Forward-Looking Statements These materials include forward-looking statements including, but not limited to, statements about management's plans, goals, expectations, and guidance and assumptions with respect to future financial performance of the Company. Any statements in this presentation that are not statements of historical facts are forward-looking statements. When used in this presentation, the words "anticipate," "believe," "continue," " ...

Core Insights - Arko Petroleum plans to take its wholesale fuel distribution business public, aiming for a cumulative annualized operating income benefit of over $20 million from converting stores to its wholesale segment [3][8] - The IPO will include Arko's wholesale segment, fleet fueling arm, and GPM Petroleum business, which supplies fuel to retail and wholesale sites [4][5] Business Strategy - The company is converting its company-operated convenience stores to a wholesale segment as part of a strategic plan to reduce expenses [8] - Arko has converted 347 sites to its dealerization program and plans to continue this process into 2026 [7] Operational Structure - Post-IPO, Arko's approximately 1,200 remaining company-operated convenience stores will operate as a standalone entity [6][8] - The new company will handle wholesale distribution of motor fuels to nearly all of Arko's retail convenience stores that sell fuel [5]

Core Viewpoint - WEX is transitioning from a traditional fuel card provider to a diversified FinTech infrastructure company, focusing on AP automation and expanding into new verticals despite a temporary revenue dip due to client restructuring [1][3]. Group 1: Company Transformation - WEX now operates in three segments: Mobility, Benefits, and Corporate Payments, marking its evolution from a payments utility to a multiplatform financial infrastructure company [4][5]. - The Mobility segment accounts for approximately 50% of total revenue, facing challenges such as decreased same-store sales due to efficiency gains and cautious spending by fleet operators [6]. Group 2: Strategic Partnerships and Growth - WEX secured a significant contract with BP, allowing the issuance of BP-branded fleet cards linked to its loyalty program, which is expected to enhance WEX's leadership in fleet payments [7][8]. - The Benefits segment showed stable growth with a revenue increase of 8.5% year-over-year to $195.1 million, driven by growth in SaaS accounts and custodial investment income [9][10]. Group 3: Corporate Payments Segment - The Corporate Payments segment experienced an 11.8% revenue decline to $118.3 million, primarily due to a major online travel agency restructuring its spending model [11][12]. - WEX is expanding its AP automation capabilities, increasing its dedicated sales force by over 50% and signing over 140 new customers year-to-date, indicating strong demand for digitizing payment workflows [12][13].