Nayax : Investors Presentation – Q1 2024 Earnings

Nayax Q1 2024

Earnings

Presentation

May 15, 2024

Important Disclosure

• This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to the public of the Company's securities. By attending or viewing this presentation, each attendee ("Attendee") agrees that he or she (i) has read this disclaimer, (ii) is bound by the restrictions set out herein, (iii) is permitted, in accordance with all applicable laws, to receive such information, (iv) is solely responsible for his or her own assessment of the business and financial position of the Company and (v) will conduct his or her own

analysis and be solely responsible for forming the Attendee's view of the potential future performance of the Company's business.

• The information in this presentation is provided for convenience only. It does not contain comprehensive information, but merely
  summary information in a condensed form. This presentation does not and is not intended to replace a careful inspection of th e Company's Financial Statements and other public filings, as reported or will be reported to the Israeli Securities Authority and the Securities and Exchange Commission (the "Company's Reports"). In case of any inconsistencies between the information provided in this presentation and the Company's Reports, the latter will prevail. The information in this presentation is not a basis and should not be used as a basis for making any decisions in relation to the Company, including any decision to purchase securities of the Company. Any such

decision should be based on the Company's Reports and following the receipt of appropriate professional advice. The information provided in this presentation is not, and should not be considered to be, a recommendation or an opinion of any kind in relation to an investment in the Company, whether legal, financial, tax, economic or otherwise. This presentation does not replace the need for a potential investor to collect and analyze further independent information for their due consideration. Every potential investor must obtain their own independent advice and guidance, in connection with a potential investment in the Company, including tax advice which takes into account the investor's own tax position.

• This presentation includes projections, guidance, forecasts, estimates, assessments and other information pertaining to future events and/or matters, whose materialization is uncertain and is beyond the Company's control, and which constitute forward looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 5728-1968). Many of the forward-looking statements contained in this presentation can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. Forward-looking statements include, but are not limited to, expectations and evaluations

relating to the Company's business targets and strategy, the success of trials and the integration of the Company's technology in various systems and industries, the advantages of the Company's existing and future products, timetables regarding completion of the Company's developments and the expected commencement of production, sales and distribution of the Company's products and technology, the Company's intentions in relation to various industries, the Company's intentions in relation to the creation of

collaborations and engagements in licensing agreements, production and distribution in various countries, and other statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and

assumptions and on information currently available to our management. Such statements	are subject to risks and uncertainties, and
actual results may differ materially from those expressed or implied in the forward-looking	statements due to of various factors,

including, but not limited to: our expectations regarding general market conditions, including as a result of the COVID -19 pandemic and other global economic trends; changes in consumer tastes and preferences; fluctuations in inflation, interest rate and exchange rates in the global economic environment over the world; the availability of qualified personnel and the ability to retain such person nel; changes in commodity costs, labor, distribution and other operating costs; our ability to implement our growth strategy; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; general economic, political, demographic and business conditions in Israel, including ongoing military conflicts in the region; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; factors relating to the acquisition of Retail Pro International ("Retail Pro"), including but not limited to the financing for and payment of the acquisition and our ability to effectively and efficiently integrate the acquired business into our existing business; and other risk factors

discussed under "Risk Factors" in our annual report on Form 20-F filed with the SEC on February 28, 2024 (our "Annual Report"). The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. These statements are only estimates based upon our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or ach ievements expressed or implied by the forward-looking statements. In particular, you should consider the risks provided under "Risk Factors" in our Annual Report. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur.

Each forward-looking statement speaks only as of the date of the particular statement. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

• In addition, the presentation includes data published by various bodies, and data provided to the Company in the framework of

cooperation engagements, concerning the industry, competitive position and the markets in which the Company operates, whose content was not independently verified by the Company, such that the Company is not responsible for the accuracy or completen ess of such date or whether the data is up-to-date, and Company takes no responsibility for any reliance on the data.

• Management estimates contained in this presentation are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from the Company's internal research, and are based on assumptions made by the Company upon reviewing such data, and the Company's experience in, and knowledge of, such industry and markets, which the Company believes to be reasonable. In addition, projections, assumptions and estimates of the future performance of the industry in which the Company operates and the Company's future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company. Industry publications, research, surveys and studies generally state that the information they contain has been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation.
• In addition to various operational metrics and financial measures in accordance with accounting principles generally accepted under International Financial Reporting Standards, or IFRS, this presentation contains Adjusted EBITDA, a non -IFRS financial measure, as a measure to evaluate our past results and future prospects. Please refer to the Appendix for a definition of Adjusted EBITDA and for a reconciliation of Adjusted EBITDA to net income (loss).
• Unless noted otherwise, the financial information of the Company included in this presentation for Q4 2023 or any later period includes figures from Retail Pro.
• The Company does not provide a reconciliation of forward-looking Adjusted EBITDA to IFRS net income (loss), due to the inherent difficulty in forecasting, and quantifying certain amounts that are necessary for such reconciliation, in particular, because special items

such as, finance expenses and Issuance and acquisition costs, used to calculate projected net income (loss) vary dramatically based on actual events. Therefore, the Company is not able to forecast on an IFRS basis with reasonable certainty all deductions needed in order to provide an IFRS calculation of projected net income (loss) at this time. The amount of these deductions may be material, and therefore

could result in projected IFRS net income (loss) being materially less than projected Adjusted EBITDA (non -IFRS).

• The Company does not confirm or undertake that the information appearing in this presentation is complete or accurate. The Co mpany, its employees, officers and its shareholders will not be responsible for damages and/or losses which may arise as a result of the use of the information contained in this presentation. The Company is not responsible for any changes to the economic, financial or legal situation relating to the Company and its business. The Company does not undertake to update and/or change forecasts and/or evaluations included in the presentation in order that they will reflect events and/or circumstances which apply after the date of the presentation's preparations. No persons have been authorized to make any representations regarding the information contained in this presentation, and if given or made, such representations should not be considered as authorized. The content of this presentation does not bind the Company or its managers and they have the right to change any item described in the presentation relating to the Company,

at their sole discretion.

• The Company and its licensors have proprietary rights to trademarks used in this Presentation. Solely for convenience, trademarks and trade names referred to in this Presentation may appear without the "®" or " " symbols, but the lack of such references is not intended to indicate, in any way, that the Company will not assert, to the fullest extent possible under applicable law, its rights or the rights of the applicable licensor to these trademarks and trade names. This Presentation also contains trademarks, trade names and service marks of other companies, which are the property of their respective owners and are used for reference purposes only. Such use of other parties' trademarks, trade names or service marks should not be construed to imply, a relationship with, or an endorsement or sponsors hip of the Company by any other party.

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Today's Presenters

Yair Nechmad	Sagit Manor
CEO & Co-Founder	CFO

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Company Overview

Nayax (Nasdaq & TASE: NYAX) Q1-24 at a Glance

GlobalScaleFinancials Growth

9	1.1M	$3.6M	43%
Global offices	Managed & connected	Adj. EBITDA(1)	Recurring Revenue
	devices
	Mar.2023: 769K ▲44%	Mar. 2023: ($0.6M) ▲665%

120+ devices	76k
Countries with
Markets with	End customers
80+ distributors	Mar. 2023: 52k ▲46%

80+ MethodsPayment	$1.1B
50+ Currencies	Transactions value
processed
Mar.2023: 796M ▲34%

1. Adjusted EBITDA is a non-IFRS financial measure. Please refer to the Appendix for a definition of Adjusted EBITDA and for a reconciliation of Adjusted EBITDA to the most directly comparable IFRS measure.

$64M

Revenue

Mar. 2023: $52M ▲22%

43.8%

Gross Margins

Mar. 2023: 34.1%

134%

Dollar-based

net retention rate

3.2%

Revenue churn

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Bringing a Global Solution to the Local Market

Strong Track Record of Winning Customers

Low Customer

Retaining & GrowingConcentration

Customers

	YoY Dollar-Based		7%	5%
			4%
	Net Retention Rate(1)
137%	131%	139%	134%		8%
Q1 2024
			75%
2021	2022	2023	Q1 2024

Global Reach

YoY Revenue Churn Rate	13%
	3.6%	3.4%	3.2%	10%
			40%
2.6%
				Q1 2024
				15%
2021	2022	2023	Q1 2024	22%

Top 3

Top 4-10

Top 11-20

Top 21-50

Others

North America

Europe

U.K.

Australia

Rest of the World

(1) Net retention rate based on SaaS revenue and payment processing fees	6
.

Nayax Solves Multi-Dimensional Challenges Across the Ecosystem

	Omni-Channel		Back Office / Operations
				Reporting
Unattended	In-store	Mobile	Online
				Accounting
Multiple Payment Methods:
Schemes, Global Acquirers, Alternative Payment Methods,	Inventory
	Digital Wallets
Consumers				Retailers

Multiple Payment Currencies

Data Analytics / Management

Analytics

Cash flow management

Loyalty & Consumer Engagement	Business trend

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Driving Growth with One Complete Solutions for all Retailers

		Actionable	Loyalty and
Integrated POS	Cashless Payments	Management	Finance
Marketing
		Platform

VPOS Touch

Nova Market

Multiple POS options	Global acceptance of local	Manage everything for	Loyalty out of the box	Financing, payout and
payment options	every retailers' needs	banking capabilities

Automated &	Energy & Mobility	Hospitality & Retail
Self Service
Multiple unattended retail verticals	Complete electric vehicle charging and payment	Robust solution for numerous retail
solutions	verticals

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Recent Key Business Highlights

Successful Public Offering

• Nayax announced the successful closing of an underwritten public offering led by leading Wall Street investment banks, of which the Company itself sold 2,600,000 ordinary shares to institutional investors. The proceeds to Nayax were approximately $62.7 million after fees and expenses.

Collaboration Agreement with DKV

• Entered into a collaboration agreement with DKV, a B2B platform for on-the-roadpayment solutions that will further expand Nayax's payments acceptance across Europe. DKV Mobility offers access to the largest energy-agnosticacceptance network in Europe, including 66,000 fuel service stations, and 666,000 public and semi- public Electric Vehicle (EV) charging stations.

Partnership with ASO

• Nayax announced a strategic partnership with Slovakia's ASO Vending, the country's largest vending machine operator. This partnership will include the installation of thousands of Nayax card readers on vending machines throughout the country, and it will more than double Nayax's active devices in Slovakia.

Acquired Roseman Engineering

• Acquired Roseman Engineering on April 4th, a Tel- Aviv based fuel and electric vehicle (EV) management software solution provider that allows managers of gas stations to track fuel station income, reduce expenses, and increase operational efficiencies.

Acquired VMtecnologia in Brazil

• Acquired VMtecnologia on April 30th, a leading financial technology provider for the automated self-serviceindustry in Brazil.
• This acquisition provides Nayax with a strong entry point into Latin America and into Brazil in particular and expands Nayax's total addressable markets.

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Organic Growth Strategy for Sustained Long-term Profitable Growth

Continued Execution on Strategic Growth Plan While Remaining

Focused on Balancing Top Line Growth

				Retain And Grow With
			Enter Emerging, High-	Existing Customers
	Continue To Innovate	Continue To Expand	Growth Verticals
Win New Large	Internationally
And Develop New
Enterprise and SMB	Solutions
Customers Globally				134% Dollar-Based Net
		Geographic areas of	EV Charging
	3rd Party Integrations	Retention Rate
	Parking
	interest include	In Q1 24
	Age-verification	Mass Transit
	LATAM and APAC
	Deferred Online

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