INGENICO GROUP 2021 Strategic plan & financial objectives
Paris, 24nd April 2019
Our ambition: becoming the most proactive and trusted payment partner
Accelerate Retail profitable growth and restore B&A competitive edge
Focus on client centricity to capture value along the entire payment chain
Execute a global transformation through the implementation of the Fit for Growth plan
Simplify our organization to gain agility and efficiency
Improve Ingenico growth and margin profile creating value for all stakeholders
Organic CAGR 2018 to 2021 above 6%
EBITDA* of c. €700 million in 2021
€100 million of EBITDA impact in 2021 derived from Fit for Growth plan execution
45-50% of FCF/EBITDA conversion*
Above 35% pay-out ratio
Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, is presenting its 2021 objectives during a Capital Market Day held in Paris.
Nicolas Huss, Chief Executive Officer of Ingenico Group, commented: "I am very excited today to present Ingenico's new strategy and financial ambition for 2021. Over the past decade, through several transformational acquisitions, we have repositioned Ingenico Group across the entire payment value chain, from a pure payment terminal leader to a full payment services leading provider. Our goal now is to fully leverage and optimize Ingenico's asset portfolio through the execution of our Fit for Growth global transformation plan bringing the Group to the next level. We are embarking on this journey with a new leadership team focused on making Ingenico the most proactive and trusted partner of the payment ecosystem. The expansion of the Group offering along with a more agile and efficient organization will enable Retail to accelerate its profitable growth and B&A to restore its competitive edge. Ingenico aims at reaching an average organic growth rate above 6% over the period 2018 to 2021 and an EBITDA of c. €700 million in 2021 with a 45% to 50% free cash flow conversion. We are fully in motion to deliver Ingenico new strategy creating value for all stakeholders."
(*) After IFRS 16 application. The Group estimates the IFRS 16 impact on 2019 EBITDA at +c.€30m with no impact on free cash flow
The New Ingenico: bringing the Group to the next level by 2021
The payment industry has been booming over the past decades, from the first electronic cards and POS equipment, to the multiplication of payment means. While the migration from cash to electronic transactions remains a driver, specific vertical dynamics and merchant needs are new catalysts, quite as much as the technology changes themselves. Those drivers have widened the competitive landscape, attracting new players but opening new opportunities for Ingenico Group.