Paysafe Results Presentation Deck
Q2 financial highlights
Volume¹ (sbn)
$33.4
Q2 2022
+6%
$35.5
Q2 2023
Paysafe:
• Volume mix:
85% Merchant, 15% Wallet
Revenue ($m)
(2)
(3)
(4)
$378.9
1.1%
take rate
Q2 2022
+6%
+5% CC²
$402.3
1.1%
take rate
Q2 2023
Growth driven by US SMB, e-
comm (e.g., NA iGaming) and
classic digital wallets
1H23 revenue growth +6% CC
(FX headwind $4m in 1H)
●
Adj. EBITDA³ (sm)
$103.0
27.2%
margin
Q2 2022
+10%
+9% cc²
$113.0
28.1%
margin
Q2 2023
Adj. EBITDA margin +90 bps
reflecting higher gross margin
in Digital Wallets and
operating leverage
LTM FCF3 ($m)
$222.1
+63%
$363.0
LTM Jun'22 LTM Jun 23
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 $6.9 billion Q2'23 and $13.5 billion Q2'22. Volume mix excludes inter-segment amounts.
86% LTM FCF conversion of
Adj. EBITDA
Leverage reduced to 5.6x
(from 5.8x at 2022 year-end)
Adj. Net Income³4 ($m)
●
●
$37.5
Q2 constant currency growth excludes revenue and Adj. EBITDA benefit of $3.2 million and $1.0 million, respectively, resulting from movement in foreign exchange rates.
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 Q2'22 has been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022.
$0.62
Adj. EPS
Q2 2022
-8%
$34.7
$0.56
Adj. EPS
Q2 2023
Lower Adj. Net Income
reflects higher interest rates
GAAP net loss $1.8m vs.
$658.7m net loss in Q2'22
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