Investor Presentation

May 2020

Disclosures

Forward-looking StatementsCertain statements in this presentation constitute “forward-looking statements” within the meaning of, and subject to the protection of, the Private Securities Litigation

Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance

or achievements of EVERTEC to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Statements preceded by, followed by, or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” and “plans” and

similar expressions of future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts.

Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. Various factors that

could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: our reliance on our

relationship with Popular for a significant portion of revenue and to grow our merchant acquiring business; our ability to renew our client contracts on terms favorable

to us, including our Master Services Agreement (MSA) with Popular, and any significant concessions we may have to grant to Popular with respect to pricing or other

key terms in anticipation of the negotiation of the extension of the MSA, both in respect of the current term and any extension of the MSA; a potential government

shutdown; a continuation of the Government of Puerto Rico’s fiscal crisis; the effectiveness of our risk management procedures; our dependence on our processing

systems, technology infrastructure, security systems and fraudulent-payment-detection systems, and the risk that our systems may experience breakdowns or fail to

prevent security breaches, confidential data theft or fraudulent transfers; our ability to develop, install and adopt new technology; impairments to our amortizable

intangible assets and goodwill; a decreased client base due to consolidations in the banking and financial-services industry; the credit risk of our merchant clients, for

which we may also be liable; a decline in the market for our services due to increased competition, changes in consumer spending or payment preferences; the

continuing market position of the ATH® network; our dependence on credit card associations and debit networks; regulatory limitations on our activities, including the

potential need to seek regulatory approval to consummate transactions, due to our relationship with Popular and our role as a service provider to financial institutions,

and our potential inability to obtain such approval on a timely basis or at all; changes in the regulatory and enforcement environment and changes in international,

legal, tax, political, administrative or economic conditions; our ability to comply with federal, state, and local regulatory requirements; the geographical concentration

of our business in Puerto Rico; operating an international business in multiple regions with potential political and economic instability; operating an international

business in countries and with counterparties that increase our compliance risks and put us at risk of violating U.S. sanctions laws; our ability to execute our expansion

and acquisition strategies; our ability to protect our intellectual property rights; our ability to recruit and retain qualified personnel; evolving industry standards; our

high level of indebtedness and restrictions contained in our debt agreements; our ability to generate sufficient cash to service our indebtedness and to generate future

profits; and the impact of natural disasters or catastrophic events in the countries in which we operate; the potential impact of COVID-19 on our revenues, net income

and liquidity due to future disruptions in operations as well as the macroeconomic instability caused by the pandemic. Consideration should be given to the areas of risk

described above, as well as those risks set forth under the headings “Forward-Looking Statements” and “Risk Factors” in the reports we file with the SEC from time to

time, in connection with considering any forward-looking statements that may be made by us and our businesses generally. We undertake no obligation to release

publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.

Use of Non-GAAP MeasuresThis presentation will reference certain non-GAAP financial information. For a description and reconciliation of non-GAAP measures presented in this document, please

see the appendix attached to this presentation or visit the Investor Relations section of the Evertec website at www.evertecinc.com.

Transaction Processor Uniquely Focused on Latin America

Resilient Business Model

Attractive Secular Industry Trends

Aligned Strategic Growth Initiatives

Comprehensive and Scalable Service Offering

Investment Highlights

1

2

3

4

5

3

Transaction Processor Uniquely Focused on Latin America1

A Leading End-to-End Transaction Processor in Latin America …

3

Payment Services

PR & Caribbean and LatAm(1)

MerchantAcquiring

ATH Network: ATM Processing, POS, P2P Mobile, P2B

Card Issuer Processing

Merchant Processing: Mobile Payments, Payments Hub

Electronic Payments: B2B, ACH, Bill Pay, Risk Management Solutions

Back-End Merchant Processing

Reporting and Analytics

Customer Service & Support

Loyalty & Rewards Programs

Business Solutions

Front-EndMerchant Processing

Managed Services

Network Management Services

Cash, Item, Print & Mail Processing

IT Professional Services & BPO

Electronic Benefit Transfer (EBT)

Core Bank Processing

Note: (1) Payment Services includes two discretely reported Segments: a) Puerto Rico & Caribbean, and b) Latin America. Not all services listed under Payment Services are offered across both Segments.

5

… With A Unique Focus on Latin American Markets …

EVTC Operating Footprint

+2,300

+30,000Merchants Served

Employees across

11 Countriesincluding

+800

+80,000

Outside of PR

POS Terminals

+2,000Connected ATMs

Snapshot of Regional Operating Platform, in Numbers

26 Countries

Presence in

6

… And a Growing Record of Partnerships …

7

Partnership Overview

Year Entered

Country / Region

2015

▪ Acquired 65% stake in Processa, a diversified payment processor

▪ Remaining participation held by Compensar, Colombia’s second largest social fund administrator

Colombia

2017

▪ Acquired 100% of EFT Group S.A., a company known commercially as PayGroup

▪ Payment processing and software services provider focused on financial institutions throughout LatAm

Chile

2019

▪ Expanded regional agreement with Citibank for a collection payment platform to include Mexico and Guatemala

Mexico and Guatemala

2019

▪ 5-year processing agreement with Santander Chile, the largest bank in the country, as they move to open the merchant acquiring market

Chile

2019

▪ Acquired 100% PlacetoPay, a Colombian-based, gateway and payment service provider currently serving Colombia and Ecuador

▪ Expanding to new markets

Colombia

… Led By A Team of Proven Industry Professionals

Team of +2,300 Evertec engineers, programmers and other professionals across 11 countries in Latin America and Puerto Rico

Mac SchuesslerPresident and CEO+5 years of experience with Evertec. Former President of International for Global Payments with +20 years of payment industry leadership experience

Joaquin CastrilloChief Financial Officer+8 years of experience with Evertec

Formerly with PwC in the Banking and Capital Markets group

Philip E. SteurerEVP and Chief Operating Officer+8 years of experience with Evertec. Former SVP at First Data with +20 years of experience in transaction processing

Luis A. RodriguezGeneral Counsel & EVP of Corporate Development+5 years of experience with Evertec. Former Director at JP Morgan & Deutsche Bank in New York with +10 years of experience

Rodrigo Del CastilloEVP Payment Services LatAm+3 years of experience with Evertec. Former President of PayGroup with +30 years of experience in payments solutions in LatAm

Miguel VizcarrondoEVP Puerto Rico Segment Leader+20 years of merchant acquiring experience with Banco Popular and Evertec

Carlos RamírezEVP Puerto Rico Sales+25 years of experience with Evertec

Guillermo RospigliosiEVP Chief Product and Innovation Officer+4 years with Evertec. Former Managing Director of Cybersource at Visa with +20 years of experience

Paola PérezEVP Chief Administrative Officer+9 years of Compliance, Audit and HR experience with Evertec

8

Resilient Business Model2

$126

$112

$131 $120

$129

2016 2017 2018 2019 1Q20 LTM

Note: (1) Free Cash Flow is operating cash flows less capital expenditures, excluding acquisition costs. Free Cash Flow does not represent our residual cash flow available for discretionary expenditures, since we have mandatory debt service requirements or other non-discretionary expenditures that are not deducted from the measure. See reconciliation in appendix on page 25. (2) 2017 results includes the negative impact of hurricanes $. (3) Includes higher than normal capital expenditures for technology infrastructure spending. (4) Non-GAAP reconciliation for net debt/adjusted EBITDA in appendix, p.26. Net debt calculation reflects credit agreement limitation of $60 million cash applied.

Attractive Cash Flow Generation and Strong Liquidity

Free Cash Flow(1)

($ in millions)▪ Attractive cash flow generation despite

headwinds

o Hurricane Maria occurred September 2017

o Increased one-time technology spend in 2019 ~$15M for infrastructure refresh and innovation investments

o COVID-19 initial impact beginning in mid-March 2020

▪ Tax grant in place through 2026 with ~4% tax rate applicable to ~70% of revenue base

▪ Improved Net Debt / Adj. EBITDA multiple to 1.99x

o Unrestricted cash as of 3/31//20 ~$103M

o Liquidity as of 3/31/20 $220M

(x)

Net Debt / Adj. EBITDA(4)

10

(2) (3)

3.3x 3.3x

2.3x 2.1x 1.99x

2016 2017 2018 2019 1Q20 LTM

Hurricane Maria

COVID-19Increased Capex

Resilient, Recurring and Growing Revenue Base

Note: (1) Corporate and Other reflects the elimination of intersegment revenues.

Historical Revenue, by Segment

1Q20 LTM Revenue Breakdown, by Segment

1Q20 LTM Revenue Total: $490M

▪ Resilient revenue base with no segment representing the majority of revenue

▪ Long-term contracts with financial institutions, merchants, corporations and

governments

− Contracts typically vary between 1 to 5 years, often with automatic

renewals

− 15-year exclusive Master Services Agreement with Banco Popular through

2025, with contractual price adjustments

▪ Growth drivers: Innovation, product diversity, M&A

Revenue Base Overview

Payment Services – PR & Carib.

Merchant AcquiringBusiness Solutions

Payment Services – LatAm

Corporate & Other(1)

($ in millions)

(% of total)

$389

$454

$487

$408

$490

11

Business Solutions

41%

Payment Services - PR & Carib.

23%

Payment Services - LatAm

16%

Merchant Acquiring

20%

Notes: (1) Non-GAAP reconciliation summary in appendix, page 24. (2) 2017 Adjusted EBITDA negatively impacted by hurricanes. (3) Adj. EBITDA margin reconciliation summary in appendix, page 27.

Regional Operating Scale Driving Industry Leading Margins and Financial Results

Adjusted EBITDA(1)

($ / share)

Adjusted EPS (1)

Operating Scale As a Key Strategic Advantage

1Q20 LTM Adj. EBITDA Margin by Segment (3)

(% of total)

▪ Operating presence in 11 countries; headquartered in

San Juan, Puerto Rico

− Commercial presence in 26 countries

▪ Operate 5 data centers with broad range of processing

capabilities and certifications:

− Puerto Rico (2), Colombia, Chile, and Costa Rica

($ in millions)

12

$1.67

$1.47

$1.84

$1.96 $1.91

2016 2017 2018 2019 2020 LTM

$188 $178

$212 $226 $225

2016 2017 2018 2019 1Q20 LTM(2)

59.5%

36.0%44.0% 46.0% 45.9%

PS PR &Carib.

PS LatAm MerchantAcquiring

BusinessSolutions

EVTCConsolidated

Disciplined Approach to Capital Deployment

• Maintenance capital expenditures of ~$20-$25M

• Growth capital expenditures of ~$20-$25M*

• Potential acquisition targets typically up to $100M

‒ Revolver capacity of $125M

• Capacity of 4.25x; adjusts to 4.0x in October 2020

• Current annual dividend of ~$15M, $0.05 quarterly, per share

• ~$23M share repurchases authorization remaining

*2020 guidance for total capital expenditures is approximately $45 million13

Priority – Invest for Growth, Internal & M&A

Target Leverage of 2.0 - 3.0x

Return Capital to Shareholders

Attractive Secular Industry Trends3

• Regulatory Pressure

– Prisma 51% sold in Argentina (January 2019)

• Competitive Pressure

– Santander Chile agreement with EVTC for acquiring processing

• New Innovations

– Smart POS, digital banks, new entrants– C6Bank in Brazil using Risk Center product– Exito in Colombia - redeemable virtual card– Dominican Republic Government - virtual

benefit card program to distribute funds

Non-Cash Payments Volume(1)

Source: McKinsey Global Payment Report (2019), Capgemini World Payments Report 2018. Note: (1) Measured as non-cash payments as a percentage of total payments volume in selected regions.

Strategically Positioned to Capitalize on LatAm’s Growing Payments Markets Opportunity

• Rising online presence and smartphone usage

• Growing number of merchants authorized to accept cards

Markets are Evolving and Opening

Cash-to-Card Conversion Fueling Growth

Payments Revenue Growth

(% Total Payments Volume)

(‘17-’ 22E CAGR)

69%

53%42%

70%

84%

WO

RL

D

EM

EA

LA

TIN

A

ME

RIC

A

AS

IA

NO

RT

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AM

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ICA

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… And Benefit from Revitalization of Puerto Rico

• Judicial approval of the COFINA restructuring

• Proposal to restructure over $35B of debt

• Certain metrics are showing less outward emigration

(1) Source: New Fiscal Plan for Puerto Rico, 5/9/2019, Exhibit 8, p. 21.

• Promesa plan includes $83 billion over 15 years(1)

• HUD appoints financial monitor and releases $8.5 billion

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• Puerto Rico Governor announced phase one reopening May 8

• Further industry segments openings to be determined May 18th subject to control of COVID-19

Rebuilding and Relief Funds

Progress on Fiscal Stability and Economic Health

COVID_19 Phased Re-Opening

Comprehensive and Scalable Service Offering3

Comprehensive Suite of Value-Adding Payments Services …

▪ Managed service provider services suite, including cloud and on-premise

▪ Network and connectivity administration

▪ Item and document management solutions

PR │ LatAm

▪ Integrated digital, core and correspondent banking solutions

▪ Comprehensive suite of advanced payments, e-payments and collection services

▪ Complete ATM switching & driving solutions

▪ ATM network administration, implementation & monitoring

▪ Analytics-driven fraud monitoring & detection platform

▪ Comprehensive POS and Internet card payment solutions

▪ Issuing, acquiring & switch modules

▪ End-to-end platform to issue, route, authorize, settle and administer card programs

▪ P2P/B payments service

and acquiring platform

▪ P2B platform allows merchants to receive mobile

payments from registered ATH debit card users

... With Growing Portfolio of Digital Payments Solutions …

Own and operate PIN debit network enabling merchants to accept

ATH debit cards

Serves +2,000 ATMs providing a host of value-added services

Provides solutions to detect and control fraud with real time ATM and POS

transaction monitoring

Supports ongoing technology enhancements to improve

customer experience

+1MUsers

+100M# Transfers

+15kMerchants

▪ Innovative SmartPOS and

pay-at-the table solutions

enhancing customer experience and streamlining

checkout processes for merchants

✓

✓

✓

✓

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Aligned Strategic Initiatives4

Aligned Strategic Initiatives to Drive Growth

Merchant, Payments – PR & Caribbean

Payments - LatAmBusiness Solutions – PR &

Caribbean

Defend dominant position with competitive prices and differentiated

value proposition

Innovate to enhance customer experience and

grow the market

Leverage infrastructure and regional workforce to

optimize margins

Maximize cross-sell opportunities and enhance payments product offering

Benefit from local leadership and Spanish-

speaking developers

Utilize financial capacity for acquisitions

Support Government effort for efficiencies

Compete effectively for new business solution services

Benefit from market consolidations

1

2

3

1

2

3

1

2

3

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• Evertec is committed to conducting our business operations in a manner that is compatible and balanced with the communities that we serve and promoting efforts that reduce our environmental footprint and use of natural resources

• Evertec’s leadership and its Board strive to balance the interests of all stakeholders while ensuring effective policies, controls and oversight

• Evertec’s culture and values are rooted in service integrity, accountability, innovation, teamwork and a strorng commitment to the good of our communities

… And a Commitment to Environment, Social and Governance Priorities*

*For details, refer to 2020 ESG Summary, https://ir.evertecinc.com/esg 22

Environment

Social

Governance

AppendixA

Non-GAAP Reconciliation Summary

The non-GAAP measures referenced in this release material are supplemental measures of the Company’s performance and are not required by, or presented in

accordance with, accounting principles generally accepted in the United States of America (“GAAP”). They are not measurements of the Company’s financial

performance under GAAP and should not be considered as alternatives to total revenue, net income or any other performance measures derived in accordance

with GAAP or as alternatives to cash flows from operating activities, as indicators of operating performance or as measures of the Company’s liquidity. In

addition to GAAP measures, management uses these non-GAAP measures to focus on the factors the Company believes are pertinent to the daily management

of the Company’s operations and believes that they are also frequently used by analysts, investors and other interested parties to evaluate companies in the

industry. Reconciliations of the non-GAAP measures to the most directly comparable GAAP measure are included in the schedules to this release. These non-

GAAP measures include EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per common share and are defined below.

EBITDA is defined as earnings before interest, taxes, depreciation and amortization.

Adjusted EBITDA is defined as EBITDA further adjusted to exclude unusual items and other adjustments. This measure is reported to the chief operating decision

maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it

relates to the Company's segments, is presented in conformity with Accounting Standards Codification 280, Segment Reporting, and is excluded from the

definition of non-GAAP financial measures under the Securities and Exchange Commission's Regulation G and Item 10(e) of Regulation S-K. In addition, the

Company's presentation of Adjusted EBITDA is substantially consistent with the equivalent measurements that are contained in the senior secured credit

facilities in testing EVERTEC Group’s compliance with covenants therein such as the senior secured leverage ratio.

Adjusted Net Income is defined as net income adjusted to exclude unusual items and other adjustments.

Adjusted Earnings per common share is defined as Adjusted Net Income divided by diluted shares outstanding.

The Company uses Adjusted Net Income to measure the Company's overall profitability because the Company believe better reflects the Company's comparable

operating performance by excluding the impact of the non-cash amortization and depreciation that was created as a result of Apollo Global Management LLC’s

acquisition of a 51% indirect ownership in EVERTEC Group (the "Merger"). In addition, in evaluating EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted

Earnings per common share, you should be aware that in the future the Company may incur expenses such as those excluded in calculating them. Further, the

Company's presentation of these measures should not be construed as an inference that the Company's future operating results will not be affected by unusual

or nonrecurring items.

24

($ in millions) 2016 2017 2018 2019 1Q20 LTM

Net Income (loss) $ 75.1 $ 55.4 $ 86.6 $ 103.7 $ 99.2

Income tax expense (benefit) 8.3 4.8 12.6 13.0 13.7

Interest expense, net 24.2 29.1 29.3 27.6 26.7

Depreciation and amortization 59.6 64.3 63.1 68.1 69.6

EBITDA $ 167.2 $ 153.6 $ 191.6 $ 212.4 $ 209.2

Cost savings and software maint. reimbursement(1) $ 0.5 $ - $ - $ - $ -

Equity income(2) - (0.6) (0.3) (0.5) (0.6)

Compensation and benefits(3) 10.5 9.8 13.7 13.8 13.9

Transaction, refinancing and non-recurring fees(4) 9.4 2.5 7.6 0.5 2.4

Exit Activity(5) - 12.8 - - -

Adjusted EBITDA $ 187.6 $ 178.1 $ 212.6 $ 226.2 $ 224.9

Operating depreciation and amortization (6) (28.5) (30.6) (29.2) (34.9) (36.4)

Cash interest expense, net (7) (20.5) (24.7) (26.1) (27.0) (25.9)

Income tax expense (8) (13.8) (15.1) (19.5) (20.2) (22.1)

Non-controlling interest (9) (0.3) (0.6) (0.5) (0.4) (0.3)

Adjusted Net Income $ 124.5 $ 107.1 $ 137.3 $ 143.7 $ 140.2

Net income per common share (GAAP):

Diluted $ 1.01 $ 0.76 $ 1.16 $ 1.41 $ 1.35

Adjusted Earnings per common share (Non-GAAP):

Diluted $ 1.67 $ 1.47 $ 1.84 $ 1.96 $ 1.91

Shares used in computing adjusted earnings per common share:

Diluted 74,473,369 72,872,188 74,420,110 73,475,763 73,293,005

Non-GAAP Reconciliation Annual Results Summary GAAP Net Income to Adjusted EBITDA

(1) Predominantly represents reimbursements received for certain software maintenance expenses from Popular. (2) Represents the elimination of non-cash equity earnings from Evertec’s 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends

received. (3) Primarily represents share-based compensation and other compensation expense and severance payments.(4) Represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, recorded as part of selling, general and administrative

expenses. (5) Impairment charge and contractual fee accrual for a third-party software solution that was determined to be commercially unviable. (6) Represents operating depreciation and amortization expense, which excludes amounts generated as a result mergers & acquisitions activity. (7) Represents interest expense, less interest income, as they appear on our consolidated statements of income and comprehensive income, adjusted to exclude non-

cash amortization of debt issue costs, premiums and accretion of discount.(8) Represents income tax expense calculated on adjusted pre-tax income using the applicable GAAP tax rate, adjusted for certain discreet items. (9) Represents the 35% non-controlling equity interest in Evertec Colombia, net of amortization for intangibles created as part of the purchase.

25

Notes: (1) Capital expenditures exclude $16M of acquisitions in 2016, $43M of acquisitions in 2017 and $6M of acquisitions in 2019. (2) Free cash flow represents operating cash flow less capital expenditures. Free cash flow does not represent Evertec’s residual cash flow available for discretionary expenditures, since it has mandatory debt service requirements and other non-discretionary expenditures that are not deducted from the metrics.

($ in millions)

Non-GAAP Reconciliation Summary Free Cash Flow

12/31/2016 12/31/2017 12/31/2018 12/31/2019 1Q20 LTM

Operating Cash Flows $ 168.1 $ 145.8 $ 172.7 $ 179.9 $ 184.5

Capital Expenditures(1) (42.3 $ (33.5) (41.3) (59.9) (55.3)

Free Cash Flow(2) $ 125.8 $ 112.3 $ 131.4 $ 120.0 $ 129.2

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12/31/2016 12/31/2017 12/31/2018 12/31/2019 1Q20 LTM

Unrestricted Cash ($51.9) ($50.4) ($69.9) ($111.0) ($103.5)

Total Debt 663.5 624.7 545.3 533.4 511.9

Net Debt $611.6 $574.3 $475.4 $422.4 $408.4

Adjusted EBITDA LTM 187.6 178.0 212.5 226.2 224.9

Net Debt / Adjusted EBITDA 3.3x 3.3x 2.3x 2.1x 1.99x

($ in millions)

Non-GAAP Reconciliation Summary Net Debt to Adjusted EBITDA

27

($ in millions)

Non-GAAP Reconciliation Segment Revenues and Adjusted EBITDA

LTM ended March 31, 2020

Payment Services -Puerto Rico &

Caribbean

Payment Services -Latin America

Merchant Acquiring, net

Business SolutionsCorporate and

Other(1) Total

Revenues $ 123.4 $ 85.3 $ 105.5 $ 221.2 $ (44.9) $ 490.5

Operating costs and expenses 64.6 68.2 62.1 138.9 16.8 350.6

Depreciation and amortization 12.3 10.4 1.9 17.0 27.9 69.6

Non-operating income (expenses) 1.3 0.9 0.2 0.5 (3.1) (0.2)

EBITDA 72.4 28.4 45.5 99.8 (36.9) 209.2

Compensation and benefits(2) 1.0 2.1 1.0 2.0 7.8 13.9

Transaction, refinancing and other fees(3) — 0.2 — — 1.6 1.8

Adjusted EBITDA $ 73.4 $ 30.7 $ 46.5 $101.8 $ (27.5) $ 224.9

Notes: (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect $38.7million processing fee from the Payments Services - Puerto Rico & Caribbean segment to the Merchant Acquiring segment and intercompany software license and development revenues of $6.2 million from the Payment Services - Latin America segment charged to the Payment Services - Puerto Rico & Caribbean segment. Corporate and Other was impacted by the intersegment elimination of revenue recognized in the Payment Services - Latin America segment and capitalized in the Payment Services - Puerto Rico & Caribbean segment; excluding this impact, Corporate and Other Adjusted EBITDA would be $22.3 million. (2) Primarily represents share-based compensation, other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received (if any).

28