Investor Presentation

February 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. 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

Transaction Processor Uniquely Focused on Latin America

Attractive Secular Industry Trends and PR Revitalization

Comprehensive and Scalable Service Offering

Solid Financial Performance and Cash Flow Generation Profile

Aligned Strategic Growth Initiatives

Investment Highlights

1

2

3

4

5

3

Transaction Processor Uniquely Focused on Latin America

1

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 CountriesPresence in

6

… And a Growing Record of Partnerships …

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 “Caja de CompensaciónFamiliar”

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

2018

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

Mexico and Guatemala

2018

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 Equador

Expanding to new markets by Q3 2020

Colombia

7

… 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 CEOFormer President of International for Global Payments with +20 years of payment industry leadership experience

Joaquin CastrilloChief Financial Officer+6 years of experience with Evertec

Formerly with PwC in the Banking and Capital Markets group

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

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

Rodrigo Del CastilloSVP Payment Services LatAmFormer President of PayGroup with +30 years of experience in payments solutions in LatAm

Miguel VizcarrondoEVP Puerto Rico Segment Leader+15 years of merchant acquiring experience with Banco Popular and Evertec

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

Guillermo RospigliosiEVP Product, Marketing and InnovationFormer Managing Director of Cybersource at Visa with +20 years of experience

Paola PérezEVP Human Resources+7 years of Compliance, Audit and HR experience with Evertec

8

Attractive Secular Industry Trends and Revitalization in Puerto Rico2

• Regulatory Pressure

– Prisma 51% sold in Argentina (January 2019)

• Competitive Pressure

– Chile market opening – Santander Chile agreement with

EVTC for acquiring processing

• New Innovations

– Smart POS, digital banks, new entrants

– C6Bank in Brazil agreement with EVTC for Risk Center product

Non-Cash Payments Volume(1)

Source: McKinsey Global Payment Report (2019), Global 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’sGrowing 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

H

AM

ER

ICA

7% 7%

5% 5%

6%

Latin

Am

eri

ca

Asi

a /

Paci

fic

No

rth

Am

eri

ca

EM

EA

Wo

rld

10

… And Benefit from Revitalization of Puerto Rico

Rebuilding and Relief Funds

Progress on Fiscal Stability and Economic Health

• Judicial approval of the COFINA restructuring

• Proposal to restructure over $35B of debt

• Employment has remained stable throughout 2019

• 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

11

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

13

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

14

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

16

Solid Financial Performance and Cash Flow Generation Profile

5

Resilient, Recurring and Growing Revenue Base

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

Historical Revenue, by Segment

2019 Revenue Breakdown, by Segment

Payment Services - LatAm

16%

Business Solutions

45%

Merchant Acquiring

22%

Payment Services - PRand Caribbean

17%

2019 Revenue Total: $487M

▪ 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)

$374$408

$454

$389

$487

$180 $184 $189 $198 $217

$99 $100 $102 $114 $126

$38 $47 $63 $81

$84 $85 $91

$86

$100 $106

($28) ($33) ($32) ($39) ($46)

2015 2016 2017 2018 2019

18

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

2019 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)

(2)

19

$186 $188

$178

$212

$226

2015 2016 2017 2018 2019

$1.59 $1.67

$1.47

$1.84 $1.96

2015 2016 2017 2018 2019

Note: (1) Free Cash Flow is operating cash flows less capital expenditures. 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.

… With Attractive Cash Flow Generation …

Free Cash Flow(1)

($ in millions)

▪ Strong, recurring revenue profile

▪ Attractive EBITDA margin ~ 47%

▪ Moderate capex

▪ Tax grant in place through 2026 with

~4% tax rate applicable to ~70% of

revenue base

▪ Improved Net Debt / Adj. EBITDA

multiple to 2.1x

(x)

(2)

Net Debt / Adj. EBITDA(4)

(3)

20

… And Disciplined Approach to Capital Deployment

Priority - Invest for Growth, Internal and M&A

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

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

• Potential acquisition targets typically up to $100M

‒ Revolver capacity of $125M

Target Leverage Ratio of 2.0-3.0x

• Current net debt leverage ratio of ~2.1x LTM Adj. EBITDA

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

Return Capital to Shareholders

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

• ~31M share repurchases authorization remaining

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

21

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.23

($ in millions) 2015 2016 2017 2018 2019

Net Income (loss) $ 85.4 $ 75.1 $ 55.4 $ 86.6 $ 103.7

Income tax expense (benefit) (3.3) 8.3 4.8 12.6 13.0Interest expense, net 23.8 24.2 29.1 29.3 27.6

Depreciation and amortization 65.0 59.6 64.3 63.1 68.1

EBITDA $ 170.9 $ 167.2 $ 153.6 $ 191.6 $ 212.4

Cost savings and software maint. reimbursement(1) $ 1.9 $ 0.5 $ - $ - $ -Equity income(2) (0.1) - (0.6) (0.3) (0.5)

Compensation and benefits(3) 12.2 10.5 9.8 13.7 13.8 Pro forma cost reduction initiatives(4) - - - - -Transaction, refinancing and non-recurring fees(5) 1.3 9.4 2.5 7.6 0.5Purchase accounting(6) 0.1 - - - -

Exit Activity(7) - - 12.8 - -Adjusted EBITDA $ 186.3 $ 187.6 $ 178.1 $ 212.6 $ 226.2

Operating depreciation and amortization (8) (29.3) (28.5) (30.6) (29.2) (34.9)Cash interest expense, net (9) (20.7) (20.5) (24.7) (26.1) (27.0)Income tax expense (10) (13.2) (13.8) (15.1) (19.5) (20.2)Non-controlling interest (11) - (0.3) (0.6) (0.5) (0.3)

Adjusted Net Income $ 123.1 $ 124.5 $ 107.1 $ 137.3 $ 143.7 Net income per common share (GAAP):

Diluted $ 1.11 $ 1.01 $ 0.76 $ 1.16 $ 1.41 Adjusted Earnings per common share (Non-GAAP):

Diluted $ 1.59 $ 1.67 $ 1.47 $ 1.84 $ 1.96 Shares used in computing adjusted earnings per common share:

Diluted 77,181,123 74,473,369 72,872,188 74,420,110 73,475,763

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 the pro forma effect of the expected net savings primarily in compensation and benefits from the reduction of certain temporary employees and professional services.(5) Represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, recorded as part of selling, general and administrative expenses and cost of

revenues. (6) Represents the elimination of the effects of purchase accounting in connection with certain arrangements where Evertec receives reimbursements from Popular. (7) Impairment charge and contractual fee accrual for a software solution that was determined to be commercially unviable. (8) Represents operating depreciation and amortization expense, which excludes amounts generated as a result mergers & acquisitions activity. (9) 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.(10) Represents income tax expense calculated on adjusted pre-tax income using the applicable GAAP tax rate, adjusted for certain discreet items. (11) Represents the 35% non-controlling equity interest in Evertec Colombia, net of amortization for intangibles created as part of the purchase. 24

Notes: (1) Capital expenditures exclude $10M merchant portfolio acquired in 2015, $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

12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019

Operating Cash Flows $ 162.4 $ 168.1 $ 145.8 $ 172.7 $ 179.9

Capital Expenditures(1) (37.0 $ (42.3) (33.5) (41.3) (59.9)

Free Cash Flow(2) $ 125.4 $ 125.8 $ 112.3 $ 131.4 $ 120.0

25

12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019

Unrestricted Cash ($28.7) ($51.9) ($50.4) ($69.9) ($111.0)

Total Debt 674.4 663.5 624.7 545.3 533.4

Net Debt $645.7 $611.6 $574.3 $475.4 $422.4

Adjusted EBITDA 2019 186.3 187.6 178.0 212.5 226.2

Net Debt / Adjusted EBITDA 3.5x 3.3x 3.3x 2.3x 2.1x

($ in millions)

Non-GAAP Reconciliation Summary Net Debt to Adjusted EBITDA

26

($ in millions)

Non-GAAP Reconciliation Segment Revenues and Adjusted EBITDA

December 31, 2019

PaymentServices -

Puerto Rico & Caribbean

Payment Services - Latin

America

Merchant Acquiring, net

Business Solutions

Corporate and Other(1) Total

Revenues $ 125.5 $ 84.5 $ 106.4 $ 216.7 $ (45.7) $ 487.4

Operating costs and expenses 61.4 65.7 62.1 138.2 15.5 342.9

Depreciation and amortization 11.6 9.9 1.8 16.5 28.2 68.1

Non-operating income (expenses) 1.8 0.3 — 0.3 (2.7) (0.2)

EBITDA 77.6 29.0 46.2 95.3 (35.7) 212.4

Compensation and benefits(2) 1.0 1.5 1.0 2.1 8.1 13.8

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

Adjusted EBITDA $ 78.6 $ 30.7 $ 47.2 $ 97.4 $ (27.7) $ 226.2

Notes: (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect $39.0 million processing fee from the Payments Services - Puerto Rico & Caribbean segment to the Merchant Acquiring segment and intercompany software license and development revenues of $6.7 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 $22.0 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).

27