Global Blue Group (GB) Investor Presentation summary

Business overview

• Provides integrated technology and services to enhance the shopping journey, focusing on tax free shopping, FX solutions, B2B technology, and payment solutions for luxury, premium, and domestic consumers.

• Serves over 75,000 retailers and 300,000 stores, with more than 15 million shoppers annually and €20B in completed sales in store (SiS) for FY23/24, 80% of which is luxury.

• Maintains long-term partnerships with iconic brands, with most relationships exceeding 20 years, and significant exposure to luxury, fashion, watches, jewelry, and department stores.

Financial and operational highlights

• Tax free shopping accounts for 82% of revenue less variable cost, with B2B technology and payment solutions at 11%, data and consumer engagement at 5%, and integrated payments at 2%.

• Non-IFRS financial measures are used to provide additional insight into performance, including Adjusted EBITDA and Free Cash Flow.

Regional and market trends

• Tax free spend progression accelerated globally in December 2024, with a 23% increase over the prior year and strong double-digit growth across all major regions.

• Mainland China, US, GCC, and SEA shoppers showed significant increases in tax free spend, with Mainland China up 35% and US up 37% year-over-year in December 2024.

• Recovery in issued tax free spend surpassed 2019 levels in most regions, with the US at 319% and APAC at 196% of 2019 figures in December 2024.