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Sheetal ShahOperations

Increasing efficiency and discipline

Joe MachJune FelixCarlos LimaSteve AliferisRegional Leadership

Delivering global solutions locally

Marc RothmanFinance

Driving improved results and delivering greater shareholder value

Paul GalantVision

Driven by clients’ current and future needs

Vin D’Agostino Strategy

Defining market dynamics and strategy for growth

Glen RobsonSolutions

Launching next-generation, client-centric devices and services

Agenda

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72

Reaffirming Q1 and FY17 Guidance

Q1 17 FY17

Non-GAAP Net Revenues $450M $1.900B – $1.915B

Non-GAAP EPS $0.20 $1.35 - $1.39

Free Cash Flow N/A ~$120M

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Foundational drivers of shareholder value

Large and growing global market opportunity

Global scale and local execution

Accelerating revenue growth

Margin expansion opportunities

Higher free cash flow conversion

Optimized capital structure

1

2

3

4

5

672

74

Sources: ABI Research, Verifone estimates, TAMS

Increasing complexity of consumer payments

Proliferation of POS solutions

Growing consumer expectation for omni-channel experiences

Acceleration from cash to electronic payments

Convergence of payments and commerce

Market forces

Five market forces are creating a large and growing market1. LARGE AND GROWING GLOBAL MARKET OPPORTUNITY

$4B

Commerce >$100B

Payments

Systems

>$10B

Total Addressable Market (TAM)

1

2

3

4

5

Mid-single digit growth

FY17-FY20

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Verifone is a company that is essential to the payments industry2. GLOBAL SCALE AND LOCAL EXECUTION

Verifone cloud services process 7.6B transactions

annually

~30M devices globally accepting

payments securely

Payments accepted across >150 countries

We earned $2B total revenue in

FY16

~6,000 professionals

working around the world

We are a leader in virtually all

markets where we operate

Provide our clients with:• Consumer payments acceptance• Connectivity between merchants and financial institutions• Security and comprehensive payment and commerce services

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We are a scaled provider and investing to deliver for our clients2. GLOBAL SCALE AND LOCAL EXECUTION

~6,000 professionals globally with local expertise

>40 strategically placed global services centers to meet clients’ needs

$164M ~$200M

Systems

FY13

Services

FY17

R&D expense

Global presence (FTEs)

~1,600

~400

~2,800~1,200

Overall investment increased by >20% since FY13

R&D spending driven by Services investments

Note: P&L figures are non-GAAP

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Three pillars to accelerating revenue growth3. ACCELERATING REVENUE GROWTH

FY17

North America

LatinAmerica

EMEA

APAC

FY20

~$2.2B

~$1.9B

Business Lines Regions CAGR

Provide newsolutions in the

market segmentswhere we operate

Expand our share in under-

penetrated geographies

Capture newsegments withnew solutions

FY20FY17

~$2.2B

~$1.9B

Services

Systems +4-5%

+5-6% +5-6%

+7-8%

Note: P&L figures are non-GAAP

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We are driving improvements to our business… 4. MARGIN EXPANSION OPPORTUNITIES

Introducing next-generation devices with improved gross margin profile

Growing digital services at a higher rate than physical services Driving operating efficiencies

• Transitioning from fragmented device platforms to modern, consolidated platforms

• Supplementing physical services with payment, commerce, and omni-channel services

• Reducing development time • Improving strategic sourcing

and collaboration• Simplifying operations • Optimizing distribution

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… that are also improving our margin4. MARGIN EXPANSION OPPORTUNITIES

Note: P&L figures are non-GAAP

~41%

Gross Margin

ServicesDelivery

Sourcing

~44%

New Product Introduction

FY20ProductMix

FreightFY17

• Supplier consolidation• Platform commonality• Should-be cost modeling

• Global service platform re-engineering

• Design for cost• Faster time to market• Supplier innovation

• Mode-mix optimization• Operations planning

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Focus on efficiency and cost management drives further operating leverage…

G&A

~29%

S&MR&DFY17

Total OpEx

FY20

~28%

…resulting in operating margin in the 15-16% range

4. MARGIN EXPANSION OPPORTUNITIES

Note: P&L figures are non-GAAP

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Delivering more robust top line growth and creating earnings per share leverage

FY16 – FY17 FY17 – FY20

4. MARGIN EXPANSION OPPORTUNITIES

Revenue (5%)EPS (17%)

FY16 – FY17 growth challenges• EMV-related comps• At-the-pump delays• Product & Geo mix• Unfavorable FX

Revenue 5-6%EPS ~15%

(CAGR)

FY17 – FY20 growth drivers

• New global product launches• Further our Services agenda• Structural margin tailwinds• Creating operating leverage• Low cash tax rate

80

Note: P&L figures are non-GAAP

82

We will improve our free cash flow conversion to ~80%5. HIGHER FREE CASH FLOW CONVERSION

Working Capital optimization and CapEx management

$88M

FY20

FY16

$180M

FY16

57

FY20

40

62

FY20

55

FY16

Inventory(Days)

A/R(Days)

A/P(Days)

FY20

50

FY16

49

CapEx %

4.5

FY16

5.2

FY20

Free cash flow

Free cash flow conversion improvements

Conversion rate

48%

~80%

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Our strategic priorities for capital allocation6. OPTIMIZED CAPITAL STRUCTURE

Debtrepayments

Modest-sized acquisitions

Sharerepurchases

Organicinvestments

84

• Stronger bias toward tuck-in acquisitions

• Align with core and expansion opportunities

• Disciplined approach to integration

M&A Considerations6. OPTIMIZED CAPITAL STRUCTURE

84

85

Sources and uses of cash from FY14 – FY16

Financial policy leverage (Gross Debt / EBITDA) between 2.0x-3.0x except for temporary M&A impacts

190

150

120

120

340

Debt repayments

Stock repurchases

AcquisitionsBalance Sheet cash

Free Cash Flow

SourceUse

6. OPTIMIZED CAPITAL STRUCTURE

85

$M

86

Financial performance objectives through FY20

1

2

3

4

5

6

Organic revenue CAGR in the 5-6% range

Operating margin expansion into the 15-16% range

EPS CAGR ~15%

Convert ~80% of non-GAAP net income into free cash flow

Optimize debt levels/leverage

Target incremental top-line growth through tuck-in M&A

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We have the assets to deliver on our vision

Brand

Talent

ExperienceDistribution

Devices & Services

Next-generation devices and services

Accepting payments in >150 countries

35 years of experience

~6,000 people

Deep understanding

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