Results for the past half year were strong, and the indicators of sustainable 
profitable growth remain intact. Having achieved new milestones of scale in the 
past year including half a trillion Euros of processed volume and a billion 
Euros of net revenues, the view of the prospects of the business remain strong. 

Summary H2 2021

  -- Processed volume was EUR300 billion, up 72% year-on-year
  -- Net revenue was EUR556.5 million, up 47% year-on-year
  -- EBITDA of EUR357.3 million, up 51% year-on-year
  -- EBITDA margin was 64% as a result of strong net revenue growth paired with
     the operational scalability of the Adyen platform
  -- Free cash flow conversion ratio was 90%, with CapEx at 6% of net revenue
     driven by investments in our new headquarters in Amsterdam.

Shareholder letter & financial results

You can find our full H2 2021 financial results and accompanying shareholder 
letter here( 
https://c212.net/c/link/?t=0&l=en&o=3438049-1&h=1268892386&u=https%3A%2F%2Fwww.adyen.com%2Finvestor-relations%2Fh2-2021&a=here 
).

Earnings webcast

Today, at 3 PM CET, Pieter van der Does (CEO) and Ingo Uytdehaage (CFO) will 
host our H2 2021 earnings videoconference. You can access the live webcast 
here( 
https://c212.net/c/link/?t=0&l=en&o=3438049-1&h=1737992263&u=https%3A%2F%2Fwww.adyen.com%2Finvestor-relations%2Fevents%2Fh2-2021-earnings-call&a=here 
). On this same webpage, a recording will be made available shortly following 
the conference.

Full Year 2021 Figures

  -- Processed volume was EUR516 billion: up 70% year-on-year
  -- Net revenue was EUR1.0 billion: up 46% year-on-year
  -- EBITDA of EUR630 million: up 57% year-on-year
  -- EBITDA margin was 63% for the full year
  -- CapEx was 5% of net revenue for the full year

This press release contains information that qualifies, or may qualify, as 
inside information within the meaning of Article 7(1) of the EU Market Abuse 
Regulation.

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world's 
leading companies, providing a modern end-to-end infrastructure connecting 
directly to Visa, Mastercard, and consumers' globally preferred payment 
methods. Adyen delivers frictionless payments across online, mobile, and 
in-store channels. With offices across the world, Adyen serves customers 
including Facebook, Uber, Spotify, Casper, Bonobos and L'Oréal.

Important Regulatory Notice

This announcement is not for publication, distribution or release, directly or 
indirectly, in or into the United States of America (including its territories 
and possessions, any state of the United States of America and the District of 
Columbia), Canada, South Africa, Australia or Japan or any other jurisdiction 
where such an announcement would be unlawful. The distribution of this 
announcement may be restricted by law in certain jurisdictions and persons into 
whose possession this document or other information referred to herein comes 
should inform themselves about and observe any such restriction. Any failure to 
comply with these restrictions may constitute a violation of the securities 
laws of any such jurisdiction.

Adyen's securities have not been and will not be registered under the U.S. 
Securities Act of 1933, as amended, and may not be offered or sold in the 
United States without registration thereunder or pursuant to an available 
exemption therefrom. Neither this document nor the information contained herein 
constitutes or forms part of an offer to sell, or the solicitation of an offer 
to buy, securities in the United States.

This announcement is not an offer of securities or investments for sale nor a 
solicitation of an offer to buy securities or investments in any jurisdiction, 
including the United States, Canada, South Africa, Australia or Japan. Neither 
this announcement nor anything contained herein shall form the basis of, or be 
relied upon in connection with, any offer or commitment whatsoever in any 
jurisdiction. No action has been taken that would permit an offering of 
securities or possession or distribution of this announcement in any 
jurisdiction where action for that purpose is required. Persons into whose 
possession this announcement comes are required to inform themselves about and 
to observe any such restrictions.

The information contained in this announcement is for background purposes only 
and does not purport to be full or complete. No reliance may be placed for any 
purpose on the information contained in this announcement or its accuracy or 
completeness. This announcement does not purport to identify or suggest the 
risks (direct or indirect) which may be associated with an investment in Adyen 
securities. Any investment decision in connection with Adyen securities must be 
made solely on the basis of all publicly available information relating to such 
Adyen securities.

This communication may be restricted by law in certain jurisdictions and 
persons receiving this communication should inform themselves about and observe 
any such restriction and must not under any circumstances forward this 
communication to any other person. Failure to comply with such restrictions may 
violate securities laws of any such jurisdiction.

Unsponsored ADRs: As of October 10, 2008, the US Securities and Exchange 
Commission (SEC) published revisions to Exchange Act Rule 12g3-2(b) which 
permits depository institutions to establish unsponsored ADR programs without 
the participation of a non-US issuer. Adyen NV does not consent to the 
establishment of any unsponsored ADR program, and further does not authorize, 
endorse, support or encourage the creation of any such unsponsored ADR program 
in respect of its securities. Adyen NV will not actively, directly or 
indirectly participate in the creation of any unsponsored ADR program. Adyen NV 
specifically disclaims any liability whatsoever arising out of or in connection 
with any unsponsored ADR program. Adyen NV does not represent to any depository 
institution or any other person, nor should any depository institution or any 
person rely on a belief that the website of Adyen NV includes all published 
information in English or that Adyen NV otherwise satisfies the exemption 
criteria set forth in Exchange Act Rule 12g3-2(b).
 
SOURCE:  Adyen Inc. 

Contact: press@adyen.com; ir@adyen.com