#1Third Quarter 2023 Earnings NOVEMBER 14, 2023 Paysafe: ■#2Forward looking statements and non-GAAP financial measures Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Paysafe Limited's ("Paysafe," "PSFE" or the "Company") actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "anticipate," "appear," "approximate," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "foresee," "guidance," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "would" and variations of such words and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, Paysafe's expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. While the Company believes its assumptions concerning future events are reasonable, a number of factors could cause actual results to differ materially from those projected, including, but not limited to: cyberattacks and security vulnerabilities; complying with and changes in money laundering regulations, financial services regulations, cryptocurrency regulations, consumer and business privacy and data use regulations or other regulations in Bermuda, the UK, Ireland, Switzerland, the United States, Canada and elsewhere; risks related to our focus on specialized and high-risk verticals; geopolitical events and the economic and other impacts of such geopolitical events and the responses of governments around the world; acts of war and terrorism; the effects of global economic uncertainties, including inflationary pressure and rising interest rates, on consumer and business spending; risks associated with foreign currency exchange rate fluctuations; changes in our relationships with banks, payment card networks, issuers and financial institutions; risk related to processing online payments for merchants and customers engaged in the online gambling and foreign exchange trading sectors; risks related to becoming an unwitting party to fraud or be deemed to be handling proceeds of crimes being committed by customers; the effects of chargebacks, merchant insolvency and consumer deposit settlement risk; changes to our continued financial institution sponsorships; failure to hold, safeguard or account accurately for merchant or customer funds; risks related to the availability, integrity and security of internal and external IT transaction processing systems and services; our ability to manage regulatory and litigation risks, and the outcome of legal and regulatory proceedings; failure of third parties to comply with contractual obligations; changes and compliance with payment card network operating rules; substantial and increasingly intense competition worldwide in the global payments industry; risks related to developing and maintaining effective internal controls over financial reporting; managing our growth effectively, including growing our revenue pipeline; any difficulties maintaining a strong and trusted brand; keeping pace with rapid technological developments; risks associated with the significant influence of our principal shareholders; the effect of the COVID-19 pandemic on our business; and other factors included in the "Risk Factors" in our Form 20-F and in other filings we make with the SEC, which are available at https://www.sec.gov. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. Trademarks This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM O or symbols, but Paysafe will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. Statement Regarding Non-GAAP Financial Measures This presentation also contains non-GAAP financial information. Paysafe management believes the presentation of these non-GAAP financial measures, when considered together with the Company's results presented in accordance with GAAP, provide users with useful supplemental information regarding Paysafe's operating performance. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures are set forth in the Appendix. These non-GAAP measures exclude items that are significant in understanding and assessing Paysafe's financial results or position. Therefore, these measures should not be considered in isolation or as alternatives to measures under GAAP. Paysafe: 2#3Summary Volume $35bn +8% YoY ● Revenue $396m +8% YoY; 5% CC¹ Adj. EBITDA Adj. Net Income $116m $35m 29.3% margin (+320 bps) Adj. EPS $0.57; +19% YoY Growth across all key metrics including 5th consecutive quarter of reported YoY revenue growth Revenue increased +8% YoY (+5% YoY CC¹): Merchant Solutions +6% and Digital Wallets +12% (+5% CC) Adj. EBITDA increased +22% YoY (+18% YoY CC¹) and Adj. EBITDA margin increased 320 bps LTM FCF increased 39% YoY Paysafe: Exceeded 2023 target net leverage and now expecting ~5.0x by year-end Reaffirming 2023 guidance Announced $50m share repurchase program Net Leverage 5.1x versus 5.8x Dec-22 CC = constant currency. Note: Adj. EBITDA, Adj. EBITDA margin, Adj. Net Income, Free Cash Flow, and net leverage are non-GAAP financial measures. See appendix for reconciliations of non-GAAP measures. (1) Q3 constant currency growth excludes revenue and Adj. EBITDA benefit of $11.9 million and $3.4 million, respectively, resulting from movement in foreign exchange rates. 3#4Continued delivery on our focus areas (Q3 highlights) Customer Experience Merchant: Expediting onboarding Sales Transformation Accelerating total revenue growth +7% 2023 YTD revenue growth (vs 0% growth prior year period) Winning more enterprise clients Q3 Q2 Q1 30 2023 enterprise wins¹ 37 45 10 Days Faster from contract to launch (Sept. vs. May 2023) Consumer: Improving user journey and merchant checkout experience >6% YOY % point increase in conversion rate at merchant checkout (vs. 2022) Paysafe: (1) Enterprise reflects deals with annual contract value (ACV) >$100K in our core verticals. Broadening our wallet platform's capabilities 9:41 Wallet Balance $1,451⁰⁰ Quick actions Request To do Counting software Connect external bank account Recent transactions Pay bill est to balance est payment 13 Today's $3,00 po 9:41 Cashflow projection $100 Product Innovation $14.20 $24,00 ooks like you may be running to a cashflow shortfall. Home depot -$1000 Amazon Web Services Barber supply M $7000 $100.00 Bik.com Services $3,200.00 On track for Q4 initial launch Brand-driven customer experiences, harnessing Paysafe's platform $58,357.98 • Single onboarding ● for wallet and processing Auto settle processing funds to wallet Finalizing solution with video gaming client - Wallet Services Payment & Banking infrastructure Abov BTC SASANDRA G PRAC Prepaid Services#5Building the sales engine Transforming our sales function to drive new customer wins and cross-selling across historically siloed businesses and products Select Q3 deal highlights UNDERDOG FANTASY Paysafe: PON Revolut Fanatics Sportsbook Copa Airlines LeoVegas Note: Enterprise reflects deals with annual contract value (ACV) >$100K in our core verticals. Q3 Enterprise Wins by Vertical 9% 22% ~45 Enterprise Wins 33% 36% iGaming & Video Gaming ■ FinTech Services ■ Travel, Leisure & Entertainment ■ Retail 103% Enterprise NRR Q3 YTD 2X Enterprise direct seller headcount growth YTD 2023 5#6North America iGaming Enabling all the ways consumers want to pay through a single API Paysafe: CMC AGLC Mehan Sm Bowlero ČO SPORTZING Jackpocket. FITZDARES ACTION BETRIVERS GLOBAL POKER CHUMBA BOOK betway CASINO dete betr R RARY POKER betsson splash parx Viongea Zown fortune BOOM LOTTERY PRIZEPICKS PLAY NOW Becaste Hard Rock SPORTSBOOK DRAFT KINGS MPL Fanatics Sportsbook PD.C., CLUTCHBET Jottery COAND Pro watch wager WOW HIGH CAMES VECAR NHL ttery MILDEJO MSIFIC RECHTSAN LOTTERY SPORTS BET WynnBET 649 ESPOBET SBKCOTUL BETFRED POINTSBET THE TRAIN CAESARS SPORTSBOOK POKERSTARS PLAYGUN LAKE GAMBETOC LUCHY LAND Lottery pulsz Quitec ● • NFL weekly volume growth averaging +35% YoY ● High growth vertical (~2.5% of total revenue); >50% YoY Q3 processing growth ● Live in 30 U.S. states / territories Launched in Puerto Rico and Kentucky Q3 and Maine Q4 6.O#7Classic Digital Wallets Continued growth in TPA and ARPU across a stable active user base 0.9m 3-month active users¹ (stable for last 5 quarters) Paysafe: Average Transactions per Active User (TPA) TPA based on 3-month active users 22 Q3'22 $72 26 Q3'22 Q4'22 $81 +40% Q4'22 27 Average Revenue per User (ARPU) ARPU excluding interest revenue, based on 3-month active users Q1'23 +25% +18% CC $81 28 Q1'23 Q2'23 $85 Q2'23 Reflects classic digital wallets (Skrill, NETELLER) and does not reflect the reported segment, which combines both classic digital wallets and eCash solutions. (1) Underlying 3-month active users exclude war impacted territories (Russia, Ukraine, Belarus) and Nigeria (one-off benefit in prior year). (2) Classic wallet revenue growth year-over-year, excluding a $5.3m benefit related to movement in foreign exchange rates. ↓ 31 Q3'23 $91 Q3'23 +17% Cc Revenue Growth² YOY (incl. interest) 7#82023: Driving to higher growth Initial focus was on highest value product lines (e-comm and digital wallet) Total Revenue Growth 4% 2021 (13%) 2021 Paysafe: 1% 2022 e-comm (3%) 2022 7% Revenue Growth (nominal, YoY) 2023 YTD 29% 2023 YTD 11% 2021 (8%) 2021 SMB (ISO) * Revenue growth by business line excludes elimination for intra-segment amounts. 8% 2022 Classic Digital Wallet* 10% (13%) 2022 2023 YTD 15% 2023 YTD ● ● ● ● Focus areas for next phase SMB (Direct) (1%) decline 2023 YTD Focused on driving higher margin direct channel eCash* 1% growth 2023 YTD eCash enhancements (e.g., new features launched 2H23) 8#9Driving to higher growth (continued) Digital Wallet ● Paysafe: e-comm ● Actions Taken Improved usability Launching new products (Paysafe Business Wallet) Leveraging wallet platform for embedded and unbranded solutions Les re Transactions Ⓡ Bank transfer hele 9:41 0 Pay online veckand con one payme while keeping your privac 169 CA €18 930.92 Knect you have 4214 loyalty points Transfer A Exchange See all EUR 200.00 Today 7 Established a new vertically-focused GTM Improvements to performance, platform stability, onboarding and APM expansion, supporting regain of wallet share with existing customers SMB (Direct) ● ● ● ● ● 2024 Plans eCash Unify eCash - both our distribution network and technology portfolio ● Expand product offerings and modernize onboarding portal Focus on ideal clients, moving up market (more inline with our ISO channel) Expand sales team Leverage our wallet solutions to support engagement and graduate users into our branded wallets Expand sales team Reorganize marketing and launch new customer acquisition programs 9#10Q3 2023 Financial Results Paysafe: ■#11Q3 financial highlights Volume¹ (sbn) $32.5 +8% $35.1 Q3 2022 Q3 2023 Paysafe: % of total volume: 84% Merchant Solutions 16% Digital Wallet ● ● Revenue ($m) 366.0 1.1% take rate Q3 2022 +8% +5% cc² $396.4 1.1% take rate Q3 2023 Growth led by e-comm and classic digital wallets YTD growth +7% reported and +6% CC ● Adj. EBITDA³ ($m) $95.5 26.1% margin Q3 2022 +22% +18% cc² $116.1 29.3% margin Q3 2023 Adj. EBITDA margin +320bps reflecting margin expansion in both segments LTM FCF³ ($m) • $259.4 +39% $361.8 LTM Sept'22 LTM Sept¹23 81% LTM FCF conversion of Adj. EBITDA Leverage reduced to 5.1x (from 5.8x at 2022 year-end) Adj. Net Income³4 ($m) ● ● $29.2 0.48 Adj. EPS Q3 2022 +21% Note: Volume = total payment volume. Take rate = total revenue divided by volume. CC = constant currency. LTM = last twelve months. (1) Volume excludes embedded wallet-related volumes of $3.9 billion Q3'23 and $10.4 billion Q3'22. Volume mix excludes inter-segment amounts. (2) Q3 constant currency growth excludes revenue and Adj. EBITDA benefit of $11.9 million and $3.4 million, respectively, resulting from movement in foreign exchange rates. (3) Adj. EBITDA, FCF, Adj Net Income and Adj EPS are non-GAAP financial measures. See the appendix of this presentation for reconciliations to the most directly comparable GAAP financial measures. The denominator in the calculation for Adj. EPS for Q3'22 has been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022. (4) $35.3 $0.57 Adj. EPS Q3 2023 Adj. EPS +19% YoY GAAP net loss ($2.5m) vs. $1.0m net income Q3'22 11#12Merchant Solutions Volume ($bn) $27.8 Q3 2022 Paysafe: +7% $29.6 Q3 2023 Revenue ($m) $203.7 0.73% take rate Q3 2022 +6% $216.8 0.73% take rate Q3 2023 Adj. EBITDA ($m) $45.6 22.4% margin Q3 2022 +26% $57.5 26.5% margin Q3 2023 Note: Movement in foreign exchange rates were immaterial to Merchant Solutions segment growth rates. Q3 revenue and Adj. EBITDA benefited by $0.2 million and $0.1 million, respectively, resulting from movement in foreign exchange rates. ● Growth led by double-digit growth from e-comm Adj. EBITDA margin expansion reflects operational improvement and easier comparison to prior year, including lower credit losses 12#13Digital Wallets Volume¹ ($bn) $4.8 Q3 2022 Paysafe: +18% $5.6 Q3 2023 Revenue ($m) $163.0 3.4% take rate Q3 2022 +12% 5% CC² $182.9 3.2% take rate Q3 2023 Adj. EBITDA ($m) $68.1 41.8% margin Q3 2022 +17% +7% CC² $79.9 43.7% margin Q3 2023 (1) Volume excludes embedded wallet-related volumes of $3.9 billion Q3'23 and $10.4 billion Q3'22. (2) Q3 constant currency growth excludes revenue and Adj. EBITDA benefit of $11.6 million and $7.2 million, respectively, resulting from movement in foreign exchange rates. Growth driven by classic digital wallets with progress across initiatives, including new products, and further supported by interest revenue 5th consecutive quarter of CC revenue growth YoY 13#14Continued focus on reducing leverage and disciplined capital allocation to promote growth and shareholder value Liquidity position (sm) Committed RCF(¹) Amounts drawn Cash and cash equivalents Total Debt (sm) and net leverage Total debt(1) Cash and cash equivalents Net debt(¹) LTM Adj. EBITDA Net leverage ratio (²) Paysafe: 9/30/23 $305 (50) 226 $481 9/30/23 $2,515 226 2,289 444 5.1x Organic Growth Investment Optimize Financial Flexibility (reduce net leverage) Share Repurchase Program Drive mid-term HSD to LDD organic growth Mid-term net leverage goal ~3.5x Up to $50m authorized (1) Total debt includes the outstanding principal on the Company's borrowings. Total debt definition includes the drawn amounts of a local $75m Credit Facility held in the US outside the Company's Senior Credit Facility. The nature of the facility is to draw on the facility daily and to prefund daily interchange and it acts as a source of working capital. This facility is not considered in total debt for covenant calculation purposes. (2) Paysafe defines net debt-to-LTM Adj. EBITDA (or "net leverage") as the calculation of net debt (total debt less cash and cash equivalents) divided by the sum of the last twelve months (LTM) of Adjusted EBITDA. 14#15Reaffirming 2023 FY guidance $millions Revenue Year-over-year growth Adj. EBITDA Year-over-year growth Adj. EBITDA margin % Paysafe: 2023 FY Guidance (no change) $1,595 - $1,608 6.5% to 7.5% $454 - $462 ~11% to ~13% ~28.5% to ~29% ● ● Estimated year-end net leverage ~5.0x Approximate FX sensitivity: 1% EUR weakening versus USD impacts annual revenue by ($7m) and Adj. EBITDA by ($2m) See appendix for additional assumptions 15#16Closing Delivering stronger growth in 2023 (+7% 3Q YTD) while expanding margins (+120 bps 3Q YTD) and reducing leverage Focused on the next phase of our turnaround and delivering on our long-term product roadmap in 2024 Driving mid-term outlook of high single-digit to low double- digit revenue growth with margin expansion Paysafe: Recent awards and recognition WORLD'S TOP FINTECH THE DIGITAL BANKER CNBC COMPANIES 2023 Digital Payments THE DIGITAL BANKER In cooperation with statista GLOBAL PAYMENTS INNOVATION AWARDS 2023 BEST DIGITAL WALLET GLOBAL PAYMENTS INNOVATION AWARDS 2023 american gambling awards 2023 WINNER Payment Service Provider of the Year Paysafe: #AmericanGamblingAwards BEST PAYMENTS LED FINANCIAL INCLUSION INITIATIVE WINNER PAYSAFE HIGHLY ACCLAIMED PAYSAFE 16#17Appendix Paysafe: ■#18Other assumptions $millions Interest expense, net Depreciation and amortization Other operating income Adj. ETR Paysafe: Assumptions for Adj. EPS (Q4 2023) $35 - $37 $32 - $33 $1 - $2 24% - 25% ● D&A excludes amortization of acquired intangibles Other operating income excludes the impact of other non-operating income and expense such as fair value gains and losses 18#19Continued focus on reducing leverage Liquidity position ($m) Committed RCF(¹) Amounts drawn Cash and cash equivalents Total Facility (as of 9/30/23) ($m) Fixed rate SSN Interest rate swap (notional) Total fixed Natural hedge from interest earning deposits in digital wallet Total fixed (including digital wallet deposits) Total floating Total Debt(¹) Net Debt(¹) Net Debt-to-LTM Adj. EBITDA (2) Paysafe: $791 $321 $1,112 $668 $1,780 $735 $2,515 $2,289 5.1x 9/30/23 $305 (50) 226 $481 % total ~44% ~71% ~29% 100% ● ● ● $22m Q3 net repayments of debt; FX movement decreased debt by ~$38m Avg. interest rate (incl. interest rate swap) at ~5.8% as of Sept-23 (compared to ~4.3% as of Sept-22) Net leverage reduced to 5.1x (compared to 5.8x at Dec-22) Est. year-end net leverage ~5.0x (1) Total debt includes the outstanding principal on the Company's borrowings. Total debt definition includes the drawn amounts of a local $75m Credit Facility held in the US outside the Company's Senior Credit Facility. The nature of the facility is to draw on the facility daily and to prefund daily interchange and it acts as a source of working capital. This facility is not considered in total debt for covenant calculation purposes. (2) Paysafe defines net leverage as the calculation of net debt (total debt less cash and cash equivalents) divided by the sum of the last twelve months (LTM) of Adjusted EBITDA. For the period ending September 30, 2023, total debt was $2,514.7 million and cash and cash equivalents was $226.5 million, and LTM Adjusted EBITDA was $444.5 million, respectively. For the period ending December 31, 2022, total debt was $2,643.5 million and cash and equivalents was $260.2 million, and LTM Adjusted EBITDA was $410.0 million, respectively. 19#20Supplemental: summary of segment results Paysafe: Volume ($m) Merchant Solutions Digital Wallets Intersegment Total Take Rate Merchant Solutions Digital Wallets Total Revenue ($m) Merchant Solutions Digital Wallets Intersegment Total Gross Profit, excl. D&A ($m) Merchant Solutions Digital Wallets Total Gross Profit Margin, excl. D&A Merchant Solutions Digital Wallets Total Adj. EBITDA ($m) Merchant Solutions Digital Wallets Corporate Total Adj. EBITDA Margin Merchant Solutions Digital Wallets Total $ 25,862 5,444 (137) $ 31,169 $ 192.3 177.8 (2.5) $ 367.7 $ Q1 $ $ $ 0.7% 3.3% 1.2% 51% 69% 60% 48.5 74.5 (19.1) 104.0 25% 42% 28% $ 97.4 $ 123.2 220.6 $ $ 27,826 $ 28,000 28,392 5,095 (126) 5,278 4,786 (117) $ 33,361 $ 32,495 Q2 (2.1) $ 378.9 $ 0.7% 3.3% 1.1% $ $ 219.9 104.2 $ 115.7 49% 69% 58% 212.8 $ 203.7 $ 208.5 168.2 163.0 177.1 55.1 69.6 (21.8) 103.0 26% 41% 27% 2022 Q3 (0.7) $ 366.0 $ $ 0.7% 3.4% 1.1% $ 48% 72% 59% Q4 (161) $ 33,117 97.4 116.8 214.2 $ 22% 42% 26% $ 0.7% 3.4% 1.2% (2.1) $ 383.6 101.2 126.3 227.5 49% 71% 59% 45.6 $ 51.0 68.1 77.1 (18.3) (20.6) 95.5 $ 107.6 24% 44% 28% $ 110,080 20,603 (541) $ 130,142 $ FY2022 $ 817.4 686.2 (7.4) $ 1,496.1 $ 0.7% 3.3% 1.1% 49% 70% 59% $ 200.3 289.4 (79.8) $ 410.0 400.2 $ 482.0 882.1 25% 42% 27% $ $ 28,571 $ 30,301 5,443 5,394 (196) $ 33,818 $ Q1 $ 0.7% 3.3% 1.1% 208.5 181.4 (2.1) 387.8 47% 72% 59% $ 98.7 $ 130.3 228.9 25% 44% 28% 2023 Q2 $ (222) (187) $ 35,473 $ 35,102 0.7% 3.3% 1.1% 225.7 179.1 (2.4) 402.3 105.9 129.8 $ 235.7 47% 72% 59% $ 29,644 5,645 25% 43% 28% $ $ $ $ 52.3 $ 55.8 $ 77.2 79.2 (23.7) (19.9) $ 107.8 $ 113.0 $ Q3 $ 0.7% 3.2% 1.1% 216.8 182.9 (3.3) 396.4 100.5 131.9 232.3 46% 72% 59% 57.5 79.9 (21.3) 116.1 27% 44% 29% 20#21Statement regarding non-GAAP financial measures To supplement the Company's condensed consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, the company uses non-GAAP measures of certain components of financial performance. This includes Gross Profit (excluding depreciation and amortization), Gross Profit Margin (excluding depreciation and amortization), Adjusted EBITDA, Adjusted EBITDA margin, Free cash flow and Free cash flow conversion, Adjusted net income, Adjusted net income per share, and net leverage which are supplemental measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States ("U.S. GAAP"). Gross Profit (excluding depreciation and amortization) is defined as revenue less cost of services (excluding depreciation and amortization). Gross Profit Margin (excluding depreciation and amortization) is defined as Gross Profit (excluding depreciation and amortization) as a percentage of revenue. Management believes Gross Profit to be a useful profitability measure to assess the performance of our businesses and ability to manage cost. Adjusted EBITDA is defined as net income/(loss) before the impact of income tax (benefit)/expense, interest expense, net, depreciation and amortization, share based compensation, impairment expense on goodwill and intangible assets, restructuring and other costs, loss/(gain) on disposal of a subsidiaries and other assets, net, and other income/(expense), net. These adjustments also include certain costs and transaction items that are not reflective of the underlying operating performance of the Company. Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of Revenue. Management believes Adjusted EBITDA to be a useful profitability measure to assess the performance of our businesses and improves the comparability of operating results across reporting periods. Adjusted net income excludes the impact of certain non-operational and non-cash items. Adjusted net income is defined as net income/(loss) attributable to the Company before the impact of other non-operating income / (expense), net, impairment expense on goodwill and intangible assets, restructuring and other costs, accelerated amortization of debt fees, amortization of acquired assets, loss/(gain) on disposal of subsidiaries and other assets, share based compensation, discrete tax items and the income tax (benefit)/expense on these non-GAAP adjustments. Adjusted net income per share is adjusted net income as defined above divided by adjusted weighted average dilutive shares outstanding. Management believes the removal of certain non-operational and non-cash items from net income enhances shareholders ability to evaluate the Company's business performance and profitability by improving comparability of operating results across reporting periods. Free cash flow is defined as net cash flows provided by/used in operating activities, adjusted for the impact of capital expenditure, payments relating to restructuring and other costs, cash paid for interest and movements in customer accounts and other restricted cash. Capital expenditure includes purchases of property plant & equipment and purchases of other intangible assets, including software development costs. Capital expenditure does not include purchases of merchant portfolios. Free cash flow conversion is defined as free cash flow as a percentage of Adjusted EBITDA. Management believes free cash flow to be a liquidity measure that provides useful information about the amount of cash generated by the business. Net leverage is defined as net debt (total debt less cash and cash equivalents) divided by the last twelve months Adjusted EBITDA. Management believes net leverage is a useful measure of the Company's credit position and progress towards leverage targets. Management believes the presentation of these non-GAAP financial measures, when considered together with the Company's results presented in accordance with GAAP, provide users with useful supplemental information in comparing the operating results across reporting periods by excluding items that are not considered indicative of Paysafe's core operating performance. In addition, management believes the presentation of these non-GAAP financial measures provides useful supplemental information in assessing the Company's results on a basis that fosters comparability across periods by excluding the impact on the Company's reported GAAP results of acquisitions and dispositions that have occurred in such periods. However, these non-GAAP measures exclude items that are significant in understanding and assessing Paysafe's financial results or position. Therefore, these measures should not be considered in isolation or as alternatives to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Paysafe's presentation of these measures may not be comparable to similarly titled measures used by other companies. In addition, the forward-looking non-GAAP financial measures of Adjusted EBITDA and Free Cash Flow conversion provided herein have not been reconciled to comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. We have reconciled the historical non-GAAP financial measures presented herein to their most directly comparable GAAP financial measures. A reconciliation of our forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliations that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results. Paysafe: 21#22Reconciliation of GAAP Gross Profit to Gross Profit (excl. D&A) ($ in thousands) Revenue Cost of services (excluding depreciation and amortization) Depreciation and amortization Gross Profit (¹1) Depreciation and amortization Gross Profit (excluding depreciation and amortization) Paysafe: $ Three Months Ended September 30, 2023 396,410 164,077 67,074 165,259 67,074 232,333 $ 2022 365,988 151,810 66,088 148,090 66,088 214,178 $ Nine Months Ended September 30, 2023 1,186,597 489,630 197,046 499,921 197,046 696,967 $ (1) Gross Profit has been calculated as revenue, less cost of services and depreciation and amortization. Gross profit is not presented within the Company's consolidated financial statements. 2022 1,112,569 457,900 199,096 455,573 199,096 654,669 22#23Reconciliation of GAAP Net income (loss) to Adj. EBITDA ($ in thousands) Net (loss) / income Income tax expense / (benefit) Interest expense, net Depreciation and amortization Share-based compensation expense Impairment expense on goodwill and intangible assets Restructuring and other costs Loss on disposal of subsidiaries and other assets, net Other income, net Adjusted EBITDA Adjusted EBITDA Margin Paysafe: $ Three Months Ended September 30, 2023 (2,549) $ 17,018 38,421 67,074 4,938 835 (9,661) 116,076 29.3% $ 2022 978 7,283 34,631 66,088 13,542 4,036 6,443 699 (38,230) 95,470 26.1% $ Nine Months Ended September 30, 2023 (8,122) 27,442 112,639 197,046 23,061 275 4,165 (19,584) 336,922 28.4% $ $ 2022 (1,828,573) (52,749) 89,013 199,096 45,248 1,886,223 60,636 1,359 (97,863) 302,390 27.2% 23#24Supplemental: Adj. EBITDA to Adj. Net Income reconciliation Paysafe: ($ in thousands) Adj. EBITDA Depreciation and amortisation (¹) (2) Other operating (income) / expense, net Interest expense, net Adjusted tax Adj. net income Three months ended September 30, 2022 2023 116,076 $ 32,980 (2,387) 38,421 11,790 $ 35,272 $ 95,470 24,609 1,572 34,631 5,506 29,152 (1) Excludes the amortization of acquired intangibles. (2) Other operating income mainly relates to payments or receipts under derivative financial instruments, bank interest, and certain banking fees; excludes the impact of other non-operating income or expense such as fair value gains and losses. 24#25Reconciliation of GAAP Net income (loss) to Adj. net income ($ in thousands) Net (loss) / income attributable to the Company (1) Other non-operating income, net Impairment expense on goodwill and intangible assets (2) Amortization of acquired assets Restructuring and other costs Loss on disposal of subsidiaries and other assets, net Share-based compensation expense (3) Discrete tax items (4) Income tax benefit on non-GAAP adjustments Adjusted net income attributable to the Company (in millions) Weighted average shares - diluted Adjusted diluted impact Adjusted weighted average shares - diluted Paysafe: $ $ 2023 Three Months Ended September 30, (2,549) (7,274) 34,094 835 4,938 14,313 (9,085) 35,272 61.6 0.1 61.7 $ $ 2022 978 (39,802) 4,036 41,479 6,443 699 13,542 4,663 (2,886) 29,152 60.7 0.0 60.7 $ 2023 Nine Months Ended September 30, (8,122) $ (12,852) 275 101,862 4,165 23,061 25,198 (30,561) 103,026 61.3 0.3 61.6 $ 2022 (1,828,944) (103,821) 1,886,223 127,028 60,636 1,359 45,248 11,639 (95,414) 103,954 60.5 0.1 60.6 Note: Share amounts presented for the prior year periods have been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022. (1) Other non-operating income, net primarily consists of income and expenses outside of the Company's operating activities, including, fair value gain / loss on warrant liabilities and loss on contingent consideration and gain / loss on foreign exchange. For the three and nine months ended September 30, 2023, this item also includes the gain to repurchase secured notes and fair value loss on derivative instruments. (2) Amortization of acquired asset represents amortization expense on the fair value of intangible assets acquired through various Company acquisitions, including brands, customer relationships, software and merchant portfolios. (3) Discrete tax items represents certain amounts within income tax (benefit)/expense, including changes in uncertain tax positions and the remeasurement of certain deferred tax balances due to changes in the statutory tax rates in certain jurisdictions. (4) Income tax benefit on non-GAAP adjustments reflects the tax impact of the non-GAAP adjustments to net loss attributable to the Company to calculate adjusted net income 25#26Adjusted Net Income per Share Numerator ($ in thousands) Adjusted net income attributable to the Company - basic Adjusted net income attributable to the Company - diluted Denominator (in millions) Weighted average shares - basic Adjusted weighted average shares - diluted Adjusted net income per share attributable to the Company Basic Diluted Paysafe: (1) EA GA $ $ 2023 Three Months Ended September 30, 35,272 $ 35,272 $ 61.6 61.7 0.57 0.57 $ A LA $ 2022 29,152 29,152 60.6 60.7 0.48 0.48 $ $ $ A LA $ 2023 Nine Months Ended September 30, 103,026 103,026 61.3 61.6 $ $ 1.68 $ 1.67 $ 2022 103,954 103,954 60.5 60.6 1.72 1.72 (1) The denominator used in the calculation of diluted adjusted net income per share attributable to the Company for the three and nine months ended September 30, 2023 and 2022 has been adjusted to include the dilutive effect of the Company's restricted stock units. Shares for the prior year periods have been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022. 26#27Reconciliation of Operating Cash Flow to Free Cash Flow ($ in thousands) Net cash (outflows) / inflows from operating activities Capital Expenditure Cash paid for interest Payments relating to Restructuring and other costs Movement in Customer Accounts and other restricted cash (¹) Free Cash Flow Adjusted EBITDA Free Cash Flow Conversion ($ in thousands) Net cash (outflows) / inflows from operating activities Capital Expenditure Cash paid for interest Payments relating to Restructuring and other costs Movement in Customer Accounts and other restricted cash Free Cash Flow Adjusted EBITDA Free Cash Flow Conversion Paysafe: $ $ $ $ Three Months Ended September 30, 2023 (2,483) $ (25,696) 32,363 1,397 99,757 105,338 116,076 91% 2023 $ Last Twelve Months September 30, (804,509) $ (105,437) 145,861 51,664 1,074,226 361,805 444,483 81% 2022 $ (6,228) (24,962) 19,010 8,732 109,967 106,519 95,470 112% 2022 1,505,087 (92,001) 92,368 38,388 (1,284,460) 259,382 407,848 64% $ $ Nine Months Ended September 30, 2023 (355,368) $ (81,522) 107,247 30,562 569,431 270,350 336,922 80% $ 2022 1,373,219 (69,693) 63,620 28,868 (1,189,690) 206,324 302,390 68% (1) Management considers the movement in customer accounts and other restricted cash as settlement related and have therefore offset against movements in Settlement Receivables and Funds payable and amounts due to customers.. 27#28Thank you Paysafe: ■