#1Paysafe: Second Quarter 2021 Earnings Presentation August 16, 2021 f#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," "goal," "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, consumer and business privacy and data use regulations or other regulations in Bermuda, the UK, Ireland, Switzerland, the United States, Canada and elsewhere; 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 our ability to satisfy closing conditions with respect to our acquisitions; risks related to our focus on specialized and high-risk verticals; 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 sponsorship; 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; 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; the COVID-19 pandemic, including the resulting global economic uncertainties; 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; terrorism; 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 © 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 ccordance 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#3Introduction Strong Q2 volume and revenue growth +41% YoY Q2 volume growth Delivering on our strategy with exciting wins across iGaming and specialized digital commerce and continued execution on transformation Beginning to lap digital wallet headwinds, while direct marketing absorbs impacts in 2021 (strong recovery expected 2022) +16% YoY Q2 revenue growth pro forma(¹) (+13% reported) Announced acquisitions of PagoEfectivo and SafetyPay, creating the leading open banking solution in Latin America +23% YoY(2) Q2 revenue growth pro forma(¹) and excl. Direct Marketing Paysafe: (1) Paysafe reported revenue of $384.3 million in Q2'21 and $341.0 million in Q2'20. Growth rate of 16% excludes Pay Layer which was divested October 2020. See appendix for a reconciliation of this non-GAAP financial measure. (2) Excludes revenue generated by the direct marketing vertical. See slide 13 for additional information. 3#4The leading specialized payments platform Paysafe: Strategic Focus Gateway / Card Win in iGaming Grow New Verticals Drive Scalability Market Consolidation Paysafe: Digital Wallets eCash USA - Canada - Europe ROW Open Banking Digital Goods Crypto - Financial Services Travel Integrated - - Tech Platform - Banking as a Service - Risk Mgmt. - Operations APMS (Wallets / Online Banking) - Vertically Focused Gateways 4#5Leading in iGaming and well positioned to capitalize on the expanding North America market... North America iGaming Market Today C-218 Passes in Canada: legalizing single-event sports betting (previously only parlay) 17 States have legalized online gaming in some form (sports betting, casino, poker) and are live Paysafe: 15 States - Paysafe is live and expanding integrations #1 Paysafe processes ~100% of the regulated/licensed poker, casino, sportsbetting and iLottery volume in Canada 7 Additional states have legalized online sports betting; expect live '21/early '22 (AZ, CT, FL, LA, MD, NY, WY) Large, Growing TAM (2025P) (¹) 55% CAGR vs '19 US $24-47bn Broadest Offering ✓Single integration 15% Canada CAGR vs '20 $2.5bn ✓ End-to-end payments platform Connectivity into all available payment options Positioned to Win Serving >1,000 operators globally PSFE iGaming (FY20 % Rev.) 36% PSFE NA iGaming (FY20 % Rev.) ~1% 10% Eur/RoW CAGR vs '20 $126bn Global risk/regulatory expertise Single solution for consumers and operators The trusted partner for regulated brands in Canada since 2010 Paysafe: Skrill NETELLER. paysafecard VINCOME access Connections to ~75% of US operators (1) Projected deposit volumes. Europe and RoW - Management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research. Canada - EDC - Market Opportunity Overview, Online Gambling. US - Management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research. Assumes certain further legalization of US iGaming. United States upside case assumes further legalization of US iGaming in all states and sports betting levels are the 5 same as the UK market.#6...and we're delivering 1 2 3 Q2 and current highlights - North America iGaming Growing ● • NA iGaming: volume growth +72%, revenue growth +48% Q2 YoY Winning WynnBET plugging into Paysafe gateway across 4 U.S. states; affiliate program powered by Paysafe Income Access ● Further expansion in Michigan: Live with Golden Nugget Expanded partnership with FOX Bet, integrating Skrill Digital Wallet and paysafecard Innovating Executing enhancements to Skrill Digital Wallet (instant deposits & payouts) - piloting 8 operators Paysafe: Connecting Parx Interactive to full suite of payment methods (through integration with Playtech platform) You pay 39.60 USD Recommended ACH Pay instantly with your bank account Limit up to: $ 1,000.00 Other ways to pay Skrill Balance paysafecard VISA B Paysafe:cash™ Q 0 Ⓡ 8 - You pay 39.60 USD ●●● ● : NORTH AMERICA VIRTUAL AWARDS 2021 y directly from your bank account Bank of America 89**262 Limit: 10,000.00 USD Bank of America 85**329 Limit: 10,000.00 USD Ⓡ Deposit successful You paid $39.60 with Skrill instant ACH. Go back to merchant 6#7Growing digital commerce in attractive verticals Targeted Digital Commerce Verticals & TAM (2020e Volume) Digital Goods $500bn+(¹) Paysafe: 30% L (1) (2) (3) (4) www $ FinTech Services $2.9tn+(2) Travel & Entertainment $1.5tn+(3) Paysafe Emerging Verticals (Excl. Direct Marketing) % of 2020 Total PSFE Revenue +30% UND Integrated Payments $2.2tn+(4) Q2 Revenue YoY growth Q2 and current highlights Digital Goods • Live in 22 countries with Microsoft; enabling online cash transactions on Xbox • Skrill live with Riot Games (League of Legends) Collaboration with Wix (leading SaaS eComm platform) - integrating Skrill gateway Crypto ● Financial Services ● Digital Wallet live on 30 crypto exchanges (8 live for Processing) and >80 markets; added 22 new cryptocurrencies available for trading (since Q1), now 37 total ● ● New eCash wins Exeter Finance and REPAY Travel Expanded relationship with IntelliPay to include eCash (existing Processing customer) Launched safeguarding solution for travel industry (Ambassador Cruise partnership) Innovating US airline ticket payments (ARC) Newzoo 2019 global gaming report, EDC market analysis and annual reports and Wall Street Research of Amazon, Apple, Google, Facebook, Netflix, Spotify. Management estimates based on EDC, BIS, WFOE, Forbes, Visual Capitalist, Deutsche Borse Group, ESMA, Deutsche Bank WorldPay, Allied Market Research, reportsanddata.com, Challenger Bank investor presentations and company financial statements / annual reports. Euromonitor and Grandview Market Research. Glenbrook, Strawhecker TSG, IBIS, EDC and relevant annual reports from companies in the sector. 7#8Progressing transformation and Foley playbook Strong YTD cost savings across Banking, Risk (improving loss rates), Operations and Procurement Migration to New Tech incl. cloud migration and global platforms on track • Advancing Banking as a Service and broadening our network of relationships with leading banks; announced collaboration with Bankable Bankable (core digital banking partner) Investing for growth NA iGaming eCash/bank funding option eCommerce salesforce InfoSec Paysafe: $30m+ FY21 Cost Savings Target ($45m+ annualized) $16.7m Achieved YTD June 8#9Acquisitions of PagoEfectivo and SafetyPay: Creating the leading open banking solution for Latin America Consolidating leading LATAM eCash and online banking solutions that allow merchants to offer alternative payment methods at check-out, enabling more consumers in the region to transact online → PagoEfectivo Founded: 2009 Countries: 2 (HQ: Peru) Online: 100% Distribution points: ~140K Merchants: ~660 Verticals: iGaming vGaming Digital G&S eComm Trav Establishes a strategic foothold in Latin America and creates the leading open banking solution for the region Focused on complementary, attractive verticals in Latin America where eCommerce is growing rapidly Material synergies: (1) expands reach of Paysafe eCash, (2) augments our leading PSP and Digital Wallets with open banking, and (3) cross sell opportunities across our international merchant bases Paysafe: safety pay Founded: 2007 Countries: 19 (HQ: Miami) Online: 100% Distribution points: ~200K Merchants: ~380 Verticals: iGaming vGaming m S wwwww Financial Services eComm Travel ~55% revenue CAGR (combined PagoEfectivo + SafetyPay) 2018-2020 Expect PagoEfectivo + Safety Pay to add ~$60m to Paysafe's revenue and ~$20m to Adj. EBITDA in 2022 Note: Subject to closing conditions. The acquisition of PagoEfectivo is expected to close by the end of August. The acquisition of SafetyPay is expected to close in the fourth quarter of 2021. >80% bank account coverage across Latin America and 240 bank integrations Presence in 60+ countries with 1m+ distribution points and 3,700+ merchants (Paysafe eCash segment + PagoEfectivo + Safety Pay) 9#10Direct Marketing beginning to stabilize; expect strong recovery 1Q'22 Paysafe Direct Marketing - Net New Merchants "' Paysafe: Q1'21 Q2'21 July Backdrop ● ● ● Took decisive actions beginning of year to exit a discrete set of clients Recovery ● Overall market experiencing temporary contraction as market adjusts to new compliance Market remains attractive for Paysafe as a specialized provider Net new merchants turned positive June June attrition reached two-year low Salesforce enhancements to improve approval rate Well positioned with broadest capability set; largest banks/CRM backing 10#11Q2 Revenue and Adj. EBITDA performance at high end of guidance Paysafe: $millions Revenue Gross Profit (excl. D&A) Adj. EBITDA Cost of Services (excl. D&A) + SG&A (excl. SBC) Q2 2021 Guidance $365 - $385 $225 - $235 $110 - $120 $250 - $275 Actual ✓ $384 $229 ✓ $119 ✓ $266 11#12Q2 financial highlights Volume ($bn) $22.7 Q2 2020 $110.4 Paysafe: Q2 2020 margin 32.4% +41% Adj. EBITDA (¹) ($m) (1) (2) $32.3 +8% Q2 2021 $118.8 Q2 2021 30.9% +9% Ex. PL take rate Revenue ($m) $341.0 Q2 2020 1.5% $96.2 +13% Q2 2020 $384.3 FCF(¹) ($m) Q2 2021 1.2% $54.6 Q2 2021 +16% Ex. PL ● ● ● Volume. YoY growth across all segments; sequential growth across Integrated Processing and Digital Wallet Revenue. Strong growth led by eCash and Integrated Processing; take rate compression reflects mix eCash revenue +37% YoY NA iGaming revenue +48%; volume +72% YoY Strong growth across US Acquiring and eCommerce Integrated Processing absorbing Direct Marketing impacts and FY'20 Pay Later divestiture Digital Wallet beginning to lap market/channel exits - - Adj. EBITDA. Margin versus prior year reflects mix, 2020 temporary cost reductions, and investment, partially offset by cost optimization FCF. 46% conversion (FCF/AEBITDA) reflecting timing of tax payments Q2'21; YTD conversion 70% Excluding Pay Later(2). Revenue growth of 16% and Adj. EBITDA growth of 9% Note: Volume = total payment volume. Take rate = total revenue divided by volume. Adj. EBITDA and FCF are non-GAAP financial measures. See the appendix of this presentation for a reconciliation to the most directly comparable GAAP financial measures. The sale of Pay Later closed in October 2020. In the second quarter of 2020, Pay Later generated revenue and Adj. EBITDA of approximately $8.8m and $1.7m, respectively. 12#13Delivered strong underlying growth (excl. direct marketing impact) Q2 Revenue $m Direct Marketing (¹) Other Revenue $332 Q2'20 excl. Pay Later (1) Paysafe: (2) (2) $384 Q2'21 23% growth(3) excl. Pay Later and Direct Marketing Q2 Adj. EBITDA $m Direct Marketing (¹) Other Revenue $109 Q2'20 excl. Pay Later (2) $119 Q2'21 Amounts predominately consist of direct marketing, but also includes additional card not present volumes in verticals with higher regulation and credit risk profiles including but not limited to insurance, multi-level marketing, credit monitoring and repair, membership and dating as well as retail low risk volume primarily in automotive, restaurant, and retail industries. Figures exclude Pay Later, which was divested in October 2020. See appendix for a reconciliation of this non-GAAP financial measure. Reflects Paysafe total revenue minus Direct Marketing. Amounts totaled $366 million in Q2'21 and $298 million in Q2'20. For Adjusted EBITDA, amounts totaled $114.4 million in Q2'21 and $88.8 million in Q2'20. Direct Marketing Adj. EBITDA amounts do not include allocation of shared costs. 29% growth (3) excl. Pay Later and Direct Marketing (margin +140 bps) 13#14Q2 summary of consolidated results $ in millions, except volume Volume Revenue Gross Profit (excluding D&A) Margin % Adj. EBITDA Margin % Depreciation and amortization Interest expense, net Net income (loss) attributable to Paysafe Paysafe: Q2'20(¹) Q2¹21 $22.7bn $32.3bn $341.0 $214.8 63.0% $110.4 32.4% $67.5 $42.5 ($15.9) $384.3 $228.6 59.5% $118.8 30.9% $70.1 $62.7 $6.6 Change 41% 13% 6% 8% 4% 47% NM ● Interest expense reflects expensing of capitalized debt fees as a result of debt repayment Net income benefited by fair value gain on measurement of warrant liability at period-end (1) As of December 31, 2020, an out of period adjustment related to the period ended March 31, 2020 was identified and corrected for the impairment of certain Digital Wallet's intangible assets. This resulted in the overstatement of intangible assets, net and understatement of impairment expense on intangible, assets, net of $21.4 million ($15.8 million net of tax), respectively, as of March 31, 2020. The prior period results for the quarter ended June 30, 2020, have been revised to reflect the correction of this misstatement. 14#15eCash segment Paysafe: ● ● Volume ($bn) $1.1 Q2 2020 +35% $1.4 Q2 2021 take rate (1) Estimated twelve-month actives as of June 2021. Revenue ($m) $76.0 Q2 2020 7.2% +37% $103.9 Q2 2021 7.3% margin Adj. EBITDA ($m) $27.3 Q2 2020 35.9% Continued strong growth driven by extended lockdowns in Europe and return of sporting events Take rate expansion reflects business mix; expect return to historical levels in 2H Adj. EBITDA margin expansion primarily driven by revenue growth and overall high scalability of the business Overall active users 12.1m (¹); registered users (my paysafecard) continues to grow, reaching >3 million (¹) +58% $43.0 Q2 2021 41.4% 15#16Digital Wallet segment Paysafe: ● ● ● Volume ($bn) $4.6 Q2 2020 +3% $4.7 Q2 2021 take rate (1) Twelve-month actives as of June 2021 Revenue ($m) $91.1 Q2 2020 2.0% +7% $97.3 Q2 2021 2.1% margin Adj. EBITDA ($m) $40.3 Q2 2020 44.2% +16% $46.9 Q2 2021 48.2% Performance YoY improved as we begin to lap targeted actions/exits that occurred in 2020, higher crypto/trading activity, return of sporting events and favorable FX, partially offset by impact of market exits Adj. EBITDA margin primarily reflects higher crypto/trading activity and cost optimization Active users 3.4m (¹) 16#17Integrated Processing segment Paysafe: Pay Later- ● ● ● Volume ($bn) $17.1 $16.8 Q2 2020 +54% $26.4 Q2 2021 +57% Ex. PL Pay Later take rate Revenue ($m) $178.4 $169.6 Q2 2020 1.0% +7% +13% Ex. PL $191.2 Q2 2021 0.7% Pay Later Adj. EBITDA ($m) $52.0 $50.3 Q2 2020 margin 29.2% -12% Q2 prior year included Pay Later (divested Oct 2020): volume $335m, revenue $8.8m and Adj. EBITDA $1.7m Excluding Direct Marketing and Pay Later, Revenue and Adj. EBITDA would have increased ~28% and ~36%, respectively (see next slide) -9% Ex. PL $45.8 Robust volume growth across U.S. and Europe underpinned by continued economic improvement Solid revenue growth across integrated eCommerce verticals (iGaming, specialized eComm, and ISV) Take rate compression reflects mix - lower volume from Direct Marketing (high take rate) and strong volume growth in ISO and ISV channels (lower take rate) Q2 2021 23.9% 17#18Integrated Processing: absorbing direct marketing headwind in 2021 Integrated Processing Q2 Revenue $m Direct Marketing (¹) US Acquiring and Integrated eComm Paysafe: (1) (2) (3) $170 Q2'20 excl. Pay Later (2) $191 Q2'21 28% growth(3) excl. Pay Later and Direct Marketing Integrated Processing Q2 Adj. EBITDA $m Direct Marketing(¹) US Acquiring and Integrated eComm $50 Q2'20 excl. Pay Later(2) $46 Q2'21 36% growth(3) excl. Pay Later and Direct Marketing Amounts predominately consist of direct marketing, but also includes additional card not present volumes in verticals with higher regulation and credit risk profiles including but not limited to insurance, multi-level marketing, credit monitoring and repair, membership and dating as well as retail low risk volume primarily in automotive, restaurant, and retail industries Figures exclude Pay Later, which was divested in October 2020. See appendix for a reconciliation of this non-GAAP financial measure. Reflects Integrated Processing segment revenue minus Direct Marketing. Amounts totaled $172.9 million in Q2'21 and $135.3 million in Q2'20. For Adjusted EBITDA, amounts totaled $41.3 million in Q2'21 and $30.5 million in Q2'20. Direct Marketing Adj. EBITDA amounts do not include allocation of shared costs. CO 18#19Sustained take rates across Digital Wallet and eCash segments Paysafe Total take rate: Paysafe: 7.3% 1.6% 1.0% '18FY 1.4% 7.2% 1.6% 1.0% '19FY 1.4% Paysafe take rate compression reflects 7.2% volume mix shift to Integrated Processing 1.8% 1.0% 'Q1'20 -Integrated Processing take rate 1.4% 7.2% Digital Wallet 20% 2.0% 1.0% 'Q2'20 1.5% Q2'20 Volume Mix eCash 5% Take rate 1.5% 7.1% 2.0% 0.9% 'Q3'20 1.4% -Digital Wallet take rate Integrated Processing 75% 7.3% 2.0% 0.9% 'Q4'20 1.4% 7.3% Digital Wallet 15% 2.1% 0.8% 'Q1'21 1.4% eCash take rate Q2'21 Volume Mix eCash 4% Take rate 1.2% 7.3% 2.1% 0.7% 'Q2'21 1.2% Integrated Processing 82% Long term take rates -7% ~1.8% ~0.8% 1.4% 19#20Integrated Processing take rate variance driven by mix Paysafe: $bn ● US Acquiring Integrated eCommerce Direct Marketing Q2'21 Volume $19.6 +68% $5.8 YoY $0.9 +48% -19% Take Rate Range 0.7% to 0.9% 0.5% to 0.6% 2.0% to 3.0% Integrated Processing segment volume $26.4 billion (+57% YoY excl. Pay Later) • Take rate compression (0.7% Q2'21 vs 1.0% Q2'20) driven by mix Robust volumes from lower take rate US Acquiring, fueled by economic recovery (some YoY take rate compression) Strong integrated eCommerce growth (stable take rate) Direct Marketing (high take rate) headwind in 2021 (transitional year) 20#21Strong balance sheet - Debt restructuring enhances financial flexibility Liquidity summary ($m) Cash and cash equivalents Undrawn amounts under revolving credit facility (¹) Leverage ($m) Total Debt(¹) Cash and cash equivalents Net debt(¹) Net debt-to-LTM Adj. EBITDA(2) Paysafe: (1) (2) 6/30/21 $248 $270 6/30/21 $2,095 $248 $1,847 4.3x ● ● Refinanced existing senior secured loan facility ($2.1bn) with combination of new senior secured loan facility ($1.1bn) and senior secured notes ($0.9bn) Extended debt maturity from 2024 to 2028 / 2029 Expanded revolver and extended maturity from 2023 to 2027 Improved pricing (~50 bps) and significant covenant headroom B+ credit rating (reflects 2-notch de-SPAC upgrade) Expect debt financing to be completed in Q3 to fund SafetyPay acquisition Committed to long-term leverage goal of ~3.5x Total debt includes the outstanding principal on the Company's borrowings. Total debt excludes the drawn amounts of a local $50 million 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 acts as a source of working capital. Net debt-to-LTM Adj. EBITDA is defined as Net Debt (Total Debt less Cash and cash equivalents) divided by the Company's adjusted EBITDA as defined on slide 27 for the last 12 months and does not represent the definition of adjusted EBITDA that is used for covenant calculation purposes. 21#22Reaffirming 2021 guidance $millions Revenue Year-over-year growth(¹) Gross Profit (excl. D&A) Gross Margin Adj. EBITDA Adj. EBITDA Margin Cost of Services (excl. D&A) + SG&A (excl. SBC) % of Revenue Paysafe: (1) (2) 2021 FY Guidance $1,530 - $1,550 9% - 10% $930-$970 61% -63% $480 - $495 ~32% $1,030 - $1,070 67% -69% 2021FY Expectations Robust volume >$125bn (up >25% YoY) Continued strong momentum in Integrated Processing ● ● Seasonally quieter summer gaming activity in Europe impacting eCash and Digital Wallets (Digital Wallet improvement in Q4) Absorption of Direct Marketing headwind (2H improvement; recovery expected 1Q'22) Guidance not updated for acquisitions(²): PagoEfectivo and SafetyPay expected to add ~$10-12m in revenue and ~$3-4M in Adj. EBITDA in 2021 Pay Later, which was divested in October 2020, generated revenue of $24m and Adj. EBITDA of $4m in FY20; growth rate excludes these amounts. Subject to closing conditions. The acquisition of PagoEfectivo is expected to close by the end of August. The acquisition of SafetyPay is expected to close in the fourth quarter of 2021. FY2021 guidance has not been updated to reflect these amounts. 22#232021 supplemental view (excluding direct marketing impact) FY Revenue $m Direct Marketing (¹) Other Revenue $1,402 FY20 excl. Pay Later (2) ~10% growth excl. Pay Later $1,540 FY21 ~14% growth excl. Pay Later and Direct Marketing Guidance midpoint FY Adj. EBITDA $m Direct Marketing(¹) Other Revenue $422 FY20 excl. Pay Later (2) ~15% growth excl. Pay Later $488 FY21 25%+ growth excl. Pay Later and Direct Marketing Guidance midpoint Paysafe: (¹) Amounts predominately consist of direct marketing, but also includes additional card not present volumes in verticals with higher regulation and credit risk profiles including but not limited to insurance, multi-level marketing, credit monitoring and repair, membership and dating as well as retail low risk volume primarily in automotive, restaurant, and retail industries Figures exclude Pay Later, which was divested in October 2020. See appendix for a reconciliation of this non-GAAP financial measure. (2) 23#24Q3 Guidance $millions Revenue Gross Profit (excl. D&A) Adj. EBITDA Cost of Services (excl. D&A) + SG&A (excl. SBC) Paysafe: Q3 2021 Guidance $360-$375 $210 - $220 $95 - $110 ~$265 Q3 Expectations ● ● ● Continued strong growth across eCommerce and US Acquiring Absorption of Direct Marketing client exits Seasonally quieter summer gaming activity in Europe (eCash and Digital Wallets) 24#25Closing The global leader in iGaming; growing digital commerce in attractive verticals Long-term double digit organic growth Paysafe: + The Specialized Payments Platform: powerful combination of gateway, digital wallets, eCash and open banking solutions Sustained operating leverage Driving global scale and positioned to win in market consolidation Mid to high-teens long-term EBITDA growth potential 25#26Paysafe: Appendix#27Statement 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, 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 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. 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 Management believes the presentation of these non-GAAP financial measures, including Gross Profit, Gross Profit Margin, Adjusted EBITDA and Adjusted EBITDA margin, 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, Free Cash Flow conversion and Gross Profit 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: 27#28GAAP Net Income to Adjusted EBITDA Reconciliation Paysafe: ($ in thousands) (unaudited) Net Income (loss) Income tax expense (benefit) Interest expense, net Depreciation and amortization Share based compensation expense Impairment expense on intangible assets Restructuring and other costs (Gain) / loss on disposal of subsidiaries and other assets, net Other (income) / expense, net Adjusted EBITDA Adjusted EBITDA Margin Three months ended June 30, 2021 2020 $ 6,785 $ 16,690 62,650 I 70,114 3,276 1,357 4,518 (28) (46,558) 118,804 $ 30.9% $ (15,829) (2,714) 42,531 67,492 5,038 4,359 9,498 110,375 $ 32.4% Six months ended June 30, 2021 (53,744) $ 10,754 125,019 135,576 84,117 1,935 7,488 (28) (79,083) 232,034 30.5% $ 2020 (85,080) (23,768) 80,754 136,991 79,403 10,006 261 24,578 223,145 31.8% Note: As of December 31, 2020, an out of period adjustment related to the period ended March 31, 2020 was identified and corrected for the impairment of certain Digital Wallet's intangible assets. This resulted in the overstatement of Intangible assets, net and understatement of Impairment expense on intangible, assets, net of $21.4 million ($15.8 million net of tax), respectively, as of March 31, 2020. The prior period results have been revised to reflect the correction of this misstatement. 28#29GAAP to Non-GAAP Reconciliation - Growth Excluding Business Disposal Paysafe: $'000, unaudited Paysafe Total Revenue Adjustment for disposed business (Pay Later) Paysafe Total Revenue Excluding Pay Later Integrated Processing Segment Revenue Adjustment for disposed business (Pay Later) Integrated Processing Segment Revenue Excluding Pay Later $'000, unaudited Net Income (Loss) Income tax (benefit)/expense Interest expense, net Depreciation and amortization Share based compensation Impairment expense on intangible assets Restructuring and acquisition related costs (Gain) / loss on disposal of subsidiaries and other assets, net Other (income)/expense, net Total Paysafe Adjusted EBITDA Adjustment for disposed business (Pay Later) Total Paysafe Adjusted EBITDA Excluding Pay Later Integrated Processing Segment Adjusted EBITDA Adjustment for disposed business (Pay Later) Integrated Processing Segment Adjusted EBITDA Excluding Pay Later Q2 2020 $ 341,031 8,769 $ 332,262 178,397 8,769 $ 169,628 Q2 2020 $ (15,829) (2,714) 42,531 67,492 9,498 $ 110,375 1,718 $ 108,657 $ 5,038 4,359 $ 52,050 1,718 50,332 Q2 2021 $ 384,343 $ 384,343 191,242 $ 191,242 Q2 2021 $ 6,785 16,690 62,650 70,114 3,276 1,357 4,518 (28) (46,558) $ 118,804 $ 118,804 $ 45,761 $ 45,761 Change 13% 16% 7% 13% 8% 9% -12% -9% 2020FY $ 1,426,489 24,030 $ 1,402,459 719,982 $ 719,982 2020FY $ (126,714) (59,199) 164,788 268,166 130,420 20,640 (13,137) 40,805 $ 425,769 4,031 $ 421,738 $ 203,707 4,031 $ 199,676 29#30Operating Cash Flow to Free Cash Flow Reconciliation Paysafe: ($ in thousands) (unaudited) Net cash (outflows)/ inflows from operating activities Capital Expenditure Cash paid for interest (1) (2) Payments relating to Restructuring and other costs Movement in Customer Accounts and other restricted cash (3) Free Cash Flow Adjusted EBITDA Free Cash Flow Conversion $ Three months ended June 30, 2021 (7,730) $ (23,215) 19,011 725 65,805 54,596 118,804 46% $ 2020 123,463 (14,848) 19,560 7,282 (39,219) 96,238 110,375 87% $ Six months ended June 30, 2021 41,010 (38,621) 55,864 4,180 100,691 163,124 232,034 70% $ $ 2020 135,042 (29,756) 57,846 12,124 5,369 180,625 223,145 81% (1) 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. (2) Restructuring and other costs include acquisition costs related to the Company's merger and acquisition activity, restructuring costs, strategic transformation costs resulting from value creation initiatives following business acquisitions and professional consulting and advisory fees related to public company readiness activities. This includes certain professional advisory costs, office closure costs and resulting severance payments to employees. (3) In accordance with ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, the Company includes customer accounts and other restricted cash in the Cash and Cash Equivalents balance reported in the Consolidated Statements of Cash Flows. Management consider 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. The movement stated is net of foreign exchange movements on translation of non-USD subsidiaries to USD at the reporting date, as well as realized foreign exchange movements. 30#31GAAP Gross Profit to Gross Profit (excl. D&A) Reconciliation ($ in thousands) (unaudited) Revenue Cost of services (excluding depreciation and amortization) Depreciation and amortization Gross Profit (1) Depreciation and amortization Gross Profit (excluding depreciation and amortization) $ Paysafe: $ Three months ended June 30, 2021 384,343 $ 155,778 70,114 158,451 70,114 228,565 $ $ 2020 341,034 126,245 67,492 147,297 67,492 214,789 $ $ (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. 2021 Six months ended June 30, 761,767 306,815 135,576 319,376 135,576 454,952 $ $ $ 2020 700,699 255,633 136,991 308,075 136,991 445,066 31