#1PAYMENT TECHNOLOGY PARTNER Second Quarter 2021 Earnings Supplement August 10, 2021 nuvel#2Disclaimer General All references in this presentation to "Nuvei", the "Company," "we," "our," "ours," "us" or similar terms refer to Nuvei Corporation, together with its subsidiaries. All references to "$", "US$", "dollars" and "U.S. dollars" are to United States dollars and all references to "C$" are to Canadian dollars. Non-IFRS Measures Nuvei's unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this presentation includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company's operating performance and thus highlight trends in Nuvei's core business that may not otherwise be apparent when relying solely on IFRS measures. The Company's management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei's management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company's management believes Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei's performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company's underlying operating performance. Forward-Looking Information This presentation contains "forward-looking information" within the meaning of applicable securities laws, including Nuvei's (a) objective to expand headcount by approximately 200 employees globally across the organization by year end 2021, (b) expectation to complete the acquisition of Simplex in the second half of 2021, (c) intention to explore a listing in the United States on Nasdaq, (d) outlook on total volume, revenue and Adjusted EBITDA for the three months ending September 30, 2021 and the year ending December 31, 2021 as well as medium and long-term targets on total volume, revenue and Adjusted EBITDA margin. Nuvei's outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes "financial outlook" within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company's financial performance and measuring progress toward management's objectives and the reader is cautioned that it may not be appropriate for other purposes. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company's control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the "Risks Factors" section of the Company's annual information form filed on March 17, 2021. Forward-looking information is based on management's beliefs and assumptions and on information currently available to management. Particularly, management's assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei's results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no changes in legislative or regulatory matters that negatively impact Nuvei's business, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this presentation is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this presentation is provided as of the date of this presentation, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law. Trademarks This presentation includes certain trademarks, such as "Nuvei", "SafeCharge", and "Smart2Pay", which are protected under applicable intellectual property laws and are the property of Nuvei. Solely for convenience, our trademarks referred to in this presentation may appear without the or ™ symbol, but such references are not intended to indicate, in any way, that we will not assert our rights to these trademarks to the fullest extent under applicable law. All other trademarks used in this presentation are the property of their respective owners. TM 2 nuvei Payment Technology Partner#33 Company Overview nuvei Payment Technology Partner#44 Our Purpose Making our world a local marketplace. nuvei Payment Technology Partner#55 How We Do It Provide the payment technology and intelligence our merchants and partners need to succeed locally and globally, through one integration. nuvei Payment Technology Partner#6Nuvei: A Global Provider of Payment Technology Solutions 6 1,000+ Employees 204 Global Markets 45 Markets for Local Acquiring 480 Payment Methods ~40 Cryptocurrencies ~150 Currencies United States Mexico Canada (Global HQ) mastercard. FCA FINANCIAL CONDUCT AUTHORITY Netherlands Spain United Kingdom Brazil CENTRAL BANK OF CYPRUS EUROSYSTEM Italy De Nederlandsche Bar Eurosyste Bulgaria Israel Key relationships, licenses & memberships: VISA A DISCOVER AM EX Interac B BANCO DE MÉXICO Romania CNBV Cyprus Singapore UnionPay 银联 COMISION NACIONAL BANCARIA Y DE VALORES China nuvei Payment Technology Partner#7Leverage Our Full Stack to Increase Acceptance Rates - Locally & Globally Purpose-built technology platform providing an end-to-end solution, beyond acquiring, that merchants can utilize on a modular "a la carte" basis across multiple jurisdictions Consumer 7 I Merchant Native Commerce Platform Global Gateway Global Pay-out |||| ¡¡¡ Acquiring & APMs A Fraud / Risk Management New Offering В Card Issuing Cryptocurrency O Currency Management Value-Added Services IBAN Acquiring Bank Direct Connectivity Payment Network / Methods UnionPay ER EX 3rd Party Merchant Acquirer / Processor Pay VISA AMERICAN EXPRESS WeChat Pay DISCOVER Diners Club INTERNATIONAL DEAL III Issuer / Issuing Bank I I I I I nuvei Payment Technology Partner#88 Focus on High-Growth Verticals Three Key Criteria: ● ● ● Inherent Growth Longevity Propensity to Operate Globally Sales TAM Regulated Online Gaming 01 KUN AND 02 PORTUGAL 21 of SPORTS Betting Live LIVE 50 ORE 21 ASTRA 1-1 SAN ww www. www B www $174B Social Gaming $201B Note: Sales TAM size figures represent expected size at end of respective forecast period. Sources: eMarketer, Grand View Research, Newzoo, IMARC Group, Statista, Market Research Future and management estimates on the basis of these and other industry reports. Online Retail de o o outant WIREFRAME THEME eb Project Presentati $6.3T NWIREFRAM Full Wide Te Sed ut perspic Online Marketplaces ¥60ft ¥801 ¥1001 $7.3T Digital Goods & Services $4.1T Regulated Financial Services A $187 B Nuvei 2021E TPV of [~$88bn - $91bn] represents a small fraction of market opportunity of ~$20T combined TAM across verticals Tremendous upside from continuing to gain share in a massive market Travel PACIFIC OCEAN $1.1 T nuvei Payment Technology Partner#9Executing on Multiple Growth Opportunities 9 Expanding connectivity Connecting merchants to 204 markets Local acquiring in 45 markets up from 35 at year end 2020 Increased APM portfolio to 480 at the end of Q2 2021 from 455 at year end 2020 Operational Highlights for Q2 2021 Growing the business Accelerating investment in product innovation, distribution and talent Expanding headcount by approximately 200 employees by year end 2021 Product innovation Discover and Diners Club International processing and acquiring Enhanced checkout SDK Introduction of instant withdraw payments through real time payment (RTP) M&A Completed acquisition of Mazooma Acquisition of Simplex expected to be completed in second half of 2021 nuvei Payment Technology Partner#10Employees by Region 10 Headcount by region as of June 30, 2021 North America 432 1,000+ Employees Globally Latin America 4 Europe, Middle East & Africa 570 Asia Pacific 12 nuvei Payment Technology Partner#11Our Business Model is Highly Differentiated, Which We Attribute to Five Key Factors Our single integrated platform solution which helps our customers accept more forms of payments, in more currencies, in more countries, allowing them to expand into new markets and removing payment barriers worldwide - all through a single integration. 1 2 3 4 5 11 Our focus on continued product innovation positions us a true technology partner to our merchants, with a team of engineers and product managers committed to innovating and building cutting-edge solutions. The depth and flexibility of our products and solutions suite, which is offered a-la-carte. This enables us to land merchant relationships based on whatever their needs may be at the time, and expand the relationship as they grow and their requirements change. Our customizable solutions can be highly tailored to a merchant's unique requirements, helping them convert more sales, drive deeper customer relationships, and reconcile their global operations, thereby reducing costs and simplifying the way they do business. Our focus on complex high growth verticals with high barriers to entry. These verticals have unique tactical requirements necessitating very specific expertise and know-how, effectively creating deep moats around our business and making it difficult for new entrants. The combination of these five differentiating factors is driving the strong momentum we see in our business today. nuvei Payment Technology Partner#1212 Financial Update 4 nuvei Payment Technology Partner#13Total Volume Growth $8.9 Q2 2020 $11.5 Q3 2020 Quarterly +146 Y/Y% $13.9 Q4 2020 Total Volume ($B)(¹) $20.6 Q1 2021 $21.9 Q2 2021 $17.8 Q2 2020 YTD(²) +139% Y/Y 13 (1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) The YTD bar chart is not set to the same scale as the quarterly bar chart. $42.5 Q2 2021 nuvei Payment Technology Partner#14Total Volume Growth by Geography $3.9 Q2 2020 $0.2 Quarterly North America Total Volume(1) ($B) Q2 2020 +160 Y/Y% Q2 2021 Quarterly $10.2 +110 Y/Y% $0.4 $8.0 Asia-Pacific Total Volume(¹) ($B) Q2 2021 Q2 2020 $0.4 YTD(2) Q2 2020 +155 Y/Y% YTD(2) +66 Y/Y% $20.5 Q2 2021 $0.7 Q2 2021 Europe, Middle East & Africa Total Volume(¹) ($B) Quarterly $4.6 Q2 2020 $0.2 +135 Y/Y% Q2 2020 Quarterly $10.9 +105 Y/Y% Q2 2021 $0.4 $9.0 Latin America Total Volume(¹) ($B) Q2 2021 Q2 2020 $0.4 YTD(²) Q2 2020 +129 Y/Y% YTD(2) +84 Y/Y% (1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total 14 volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) The YTD bar charts are not set to the same scale as the quarterly bar charts and vary by scale by region. $20.6 Q2 2021 $0.7 Q2 2021 nuvei Payment Technology Partner#15Revenue Growth $83.3 Q2 2020 $93.8 Q3 2020 Quarterly +114 Y/Y% $115.9 Q4 2020 15 (1) The YTD bar chart is not set to the same scale as the quarterly bar chart. $150.5 Q1 2021 Revenue ($M) $178.2 Q2 2021 $166.6 Q2 2020 YTD (¹) +97% Y/Y $328.7 Q2 2021 nuvei Payment Technology Partner#16Adjusted EBITDA Growth I Net income 1 / (loss) $37.4 45% $14.0 Q2 2020 $41.0 44% $(77.9) Q3 2020 Quarterly +112 Y/Y% $51.3 44% $22.6 Q4 2020 Adjusted EBITDA ($M) and Margin (%)(¹) $65.5 44% $27.8 Q1 2021 $79.4 45% $38.9 Q2 2021 16 (1) Adjusted EBITDA is a non-IFRS measure. Please find the reconciliation to the nearest IFRS measure in the Appendix. (2) The YTD bar chart is not set to the same scale as the quarterly bar chart. $70.7 42% $(48.4) Q2 2020 YTD(2) +105% Y/Y $144.8 44% $66.7 Q2 2021 nuvei Payment Technology Partner#17Adjusted Net Income per Diluted Share Growth Net income 1/ (loss) per I diluted I share $0.18 $0.15 Q2 2020 $0.17 $(0.88) Q3 2020 Quarterly +144 Y/Y% $0.33 $0.16 Q4 2020 Adjusted Net Income per Diluted Share (¹) $0.35 $0.19 Q1 2021 $0.44 $0.26 Q2 2021 17 (1) Adjusted Net Income per Diluted Share is a non-IFRS measure. Please find the reconciliation to the nearest IFRS measure in the Appendix. (2) The YTD bar chart is not set to the same scale as the quarterly bar chart. $0.29 $(0.58) Q2 2020 YTD(2) +172% Y/Y $0.79 $0.45 Q2 2021 nuvei Payment Technology Partner#18Financial Outlook For the three months ending September 30, 2021 and the year ending December 31, 2021, Nuvei anticipates total volume(¹), revenue and Adjusted EBITDA (2) to be in the ranges below. Considering the strong performance during the three months ended June 30, 2021, where Nuvei exceeded the previously anticipated revenue and Adjusted EBITDA(2) outlook, as well as continuing momentum in the business, management is raising the financial outlook for the year ending December 31, 2021. The updated financial outlook and specifically the Adjusted EBITDA(2) reflects the Company's strategy to accelerate its investment in distribution, marketing, innovation, technology as well as the infrastructure resulting from the recent acquisition of Mazooma. The Company expects these investments will support its growth plan. 18 The financial outlook is fully qualified and based on a number of assumptions described under the heading "Forward-Looking Information" of this presentation, and does not include the pending acquisition of Simplex. (In U.S. dollars) Total volume(¹) (billions) Revenue (millions) Adjusted EBITDA(2) (millions) Three months ending September 30, 2021 $21.5 - $22.5 $174 - $180 $71 - $75 Year ending December 31, 2021 Previous $83 - $89 $610 - $640 $264 - $277 Updated $88 - $91 $690 - $705 $295 - $305 (1)Total volume es not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) Adjusted EBITDA is a non-IFRS measure. See "Non-IFRS Measures". nuvei Payment Technology Partner#19Growth Targets 19 Nuvei's medium-term (3) compound annual growth rate ("CAGR") targets for total volume(¹) and revenue, as well as its longer-term target for Adjusted EBITDA margin(2), are shown in the table below. The Company expects to achieve its medium (³) and long-term (3) targets through continuing momentum and performance of its core business driven by geographic expansion, product innovation, growing wallet share with its existing merchant customers, new merchant customer wins through its direct sales channel and growing sales pipeline, and the favorable tailwinds of the industries it serves. Total Volume(1) 30%+ CAGR in the medium term(³) Revenue 30%+ CAGR in the medium term(³) Adjusted EBITDA margin(2) 50%+ in the long term (³) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) Adjusted EBITDA margin is a non-IFRS measure. See "Non-IFRS Measures". (3) "Medium-term" and "long term" have not been defined by Nuvei nor does Nuvei intend to define them. These targets should not be considered as projections, forecasts or expected results but rather goals that may result from the execution of our strategy. These growth targets are fully qualified and based on a number of assumptions described under the heading "Forward-Looking Information" of this presentation. nuvei Payment Technology Partner#20Nuvei is a Compelling Investment Opportunity Significant Scale Strong Growth Highly Scalable Operating Model Stable and Resilient Strong Cash Generation $21.9B Total volume(¹) (1) 146% Total volume and 114% Revenue growth in Q2 2021 compared to Q2 2020 Operating leverage leading to 45% Adjusted EBITDA margin) (Q2 2021 net income of $38.9M) Diversification provides increased predictability and stability of results Cash of $533.7M at June 30, 2021 and cash flow from operating activities of $139M for the six months ended June 30, 2021 (1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) Adjusted EBITDA margin is a non-IFRS measure. Please find the reconciliation to the nearest IFRS measure in the Appendix. 20 nuvei Payment Technology Partner#2121 Appendix A nuvei Payment Technology Partner#22Consolidated Statements of Profit or Loss and Comprehensive Loss Data 22 (in thousands of US dollars, except for share and per share amounts) Three months ended June 30, 2020 $ Revenue Cost of revenue Gross profit Selling, general and administrative expenses Operating profit Finance income Finance costs Net finance costs Loss (gain) on foreign currency exchange Income (loss) before income tax Income tax expense Net income (loss) Other comprehensive income (loss) Items that may be reclassified subsequently to profit or loss Foreign operations - foreign currency translation differences Comprehensive income (loss) Net income (loss) attributable to: Common shareholders of the Company Non-controlling interest Comprehensive income (loss) attributable to Common shareholders of the Company Non-controlling interest Net income (loss) per share Net income (loss) per share attributable to common shareholders of the Company Basic Diluted Weighted average number of common shares outstanding Basic Diluted 2021 $ 178,239 33,124 145,115 95,870 49,245 (912) 3,432 2,520 1,691 45,034 6,120 38,914 4,310 43,224 37,830 1,084 38,914 42,140 1,084 43,224 0.27 0.26 83,325 13,561 69,764 50,893 18,871 (1,449) 24,083 22,634 (18,286) 14,523 558 13,965 13,216 749 13,965 (3,141) 749 (2,392) Six months ended June 30, 2020 $ 0.16 0.15 2021 328,719 60,308 268,411 184,306 84,105 (16,357) (10,539) (2,392) 56,165 (1,771) 6,747 4,976 1,246 77,883 11,179 66,704 64,644 2,060 66,704 54,105 2,060 56,165 0.47 0.45 166,564 28,729 137,835 105,759 32,076 (2,795) 55,342 52,547 27,433 (47,904) 474 (48,378) 23,310 (25,068) (49,377) 999 (48,378) (26,067) 999 (25,068) (0.58) (0.58) 138,719,227 84,606,171 138,462,027 84,605,470 143,265,259 86,992,447 142,991,370 84,605,470 nuvei Payment Technology Partner#23Consolidated Statements of Financial Position Data (in thousands of US dollars) Assets Current assets Cash Trade and other receivables Inventory Prepaid expenses Income taxes receivable Current portion of advances to third parties Current portion of contract assets Total current assets before segregated funds Segregated funds Total current assets 23 Non-current assets Advances to third parties Property and equipment Intangible assets Goodwill Deferred tax assets Contract assets Processor deposits Other non-current assets Total Assets June 30, 2021 $ 533,688 40,806 344 5,186 8,779 6,694 1,698 597,195 610,347 1,207,542 28,104 16,316 556,638 995,155 9,517 1,019 5,454 1,987 2,821,732 December 31, 2020 $ 180,722 32,055 80 4,727 6,690 8,520 1,587 234,381 443,394 677,775 38,478 16,537 524,232 969,820 3,785 1,300 13,898 1,944 2,247,769 (in thousands of US dollars) Liabilities Current liabilities Trade and other payables Income taxes payable Current portion of loans and borrowings Other current liabilities Total current liabilities before due to merchants Due to merchants Total current liabilities Non-current liabilities Loans and borrowings Deferred tax liabilities Other non-current liabilities Total Liabilities Equity Equity attributable to shareholders Share capital Contributed surplus Deficit Accu ulated other comprehensive income Non-controlling interest Total Equity June 30, 2021 91,906 17,152 7,228 8,067 124,353 610,347 734,700 501,993 47,077 6,478 1,290,248 1,631,777 24,084 (146,398) 11,931 1,521,394 10,090 1,531,484 December 31, 2020 64,779 7,558 2,527 7,132 81,996 443,394 525,390 212,726 50,105 1,659 789,880 1,625,785 11,966 (211,042) 22,470 1,449,179 8,710 1,457,889 nuvei Payment Technology Partner#24Consolidated Statements of Cash Flows Data (in thousands of US dollars) Cash flows from operating activities Net income (loss) Adjustments for: Depreciation of property and equipment Amortization of intangible assets Amortization of contract assets Share-based payments Net finance costs Loss on foreign currency exchange Impairment on disposal of a subsidiary Income tax expense Changes in non-cash working capital items Interest paid Income taxes paid Cash flows from (used in) investing activities Business acquisitions, net of cash acquired Proceeds from the sale of a subsidiary, net of cash Decrease in other non-current assets Net decrease (increase) in advances to third parties Acquisition of property and equipment Acquisition of intangible assets Cash flows from (used in) financing activities Transaction costs related to loans and borrowings Proceeds from exercise of stock options Proceeds from issuance of share capital Proceeds from loans and borrowings Repayment of loans and borrowings Payment of lease liabilities Dividend paid by subsidiary to non-controlling interest Effect of movements in exchange rates on cash Net increase in cash Cash Beginning of period Cash End of period 24 2021 $ 66,704 2,780 38,958 1,017 9,058 4,976 1,246 11,179 14,265 (5,435) (5,754) 138,994 (88,930) 9,787 5,982 (2,419) (8,706) (84,286) (5,373) 3,968 300,000 (1,327) (680) 296,588 1,670 352,966 180,722 533,688 2020 $ (48,378) 2,702 31,631 1,076 735 52,547 27,433 487 474 (6,138) (29,424) (304) 32,841 18,896 321 (473) (1,292) (6,842) 10,610 (452) 150 56,999 (84,185) (1,218) (400) (29,106) 806 15,151 60,072 75,223 nuvei Payment Technology Partner#25Reconciliation from IFRS to Non-IFRS Results - Adjusted EBITDA (In thousands of U.S. dollars) Net income (loss) Finance cost Finance income Depreciation and amortization Income tax expense Acquisition, integration and severance costs (a) Share-based payments (b) Loss (gain) on foreign currency exchange Legal settlement and other (c) Adjusted EBITDA (d) Advance from third party - merchant residual received (e) 25 Three months ended June 30, 2020 $ 2021 $ 38,914 3,432 (912) 20,740 6,120 4,500 4,953 1,691 (63) 79,375 3,138 13,965 24,083 (1,449) 17,020 558 1,208 402 (18,286) (111) 37,390 2,719 Six months ended June 30, 2020 $ 2021 $ 66,704 6,747 (1,771) 41,738 11,179 9,840 9,058 1,246 96 144,837 5,866 (48,378) 55,342 (2,795) 34,333 474 2,878 735 27,433 656 70,678 5,668 (a) These expenses relate to: (i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses. (ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses. (iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020). (iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses. These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share- based plans. (c) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses. (d) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows. (e) Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contracts. nuvei Payment Technology Partner#26Reconciliation from IFRS to Non-IFRS Results - Adjusted Net Income (In thousands of U.S. dollars except for per share amounts) Net income (loss) Change in redemption value of liability- classified common and preferred shares (a) Amortization of acquisition-related intangible assets (b) Acquisition, integration and severance costs (c) Share-based payments (d) Loss (gain) on foreign currency exchange Legal settlement and other (e) Adjustments Income tax expense related to adjustments (f) Adjusted net income (8) Adjusted net income per share attributable to common shareholders of the Company (h) Basic Diluted 26 Three months ended June 30 2020 2021 $ 38,914 17,897 4,500 4,953 1,691 (63) 28,978 (3,386) 64,506 0.46 0.44 13,965 5,850 14,875 1,208 402 (18,286) (111) 3,938 (1,644) 16,259 0.18 0.18 Six months ended June 30 2020 $ 2021 $ 66,704 36,109 9,840 9,058 1,246 96 56,349 (7,386) 115,667 0.82 0.79 (48,378) 17,486 29,050 2,878 735 27,433 656 78,238 (3,820) 26,040 0.30 0.29 This line item represents change in redemption value related to shares classified as liabilities prior to the Company's initial public offering ("IPO"). As part of the IPO, such shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs. (b) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017. These expenses relate to: (1) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses. (ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses. (iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020). (iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses. (d) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share- based plans. (e) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses. (f) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction. (2) Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance. (h) Adjusted net income per diluted share is calculated using share-based awards outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time. nuvei Payment Technology Partner#27MAKING OUR nuvei WORLD A LOCAL Payment Technology Partner MARKETPLACE. nuvei.com