Paysafe: Advanced Suite of Digital Commerce Solutions
GAAP to Non-GAAP Reconciliation (cont'd)
($ in millions)
Organic Gross Profit
Adjustments for acquired businesses (1)
Adjustments for disposed or discontinued businesses (1)
Gross Profit excluding Depreciation and Amortization
Organic Gross Profit
2019A (Unaudited)
2018A (Unaudited)
Paysafe:
eCash
Digital
Wallets
Processing
Total
eCash
Digital
Wallets
Processing
Total
$139.3
$341.4
$405.3
$886.0
$140.1
$285.1
$365.7
$790.9
(75.8)
(75.8)
23.4
23.4
34.8
34.8
$139.3
$341.4
$428.7
$909.4
$140.1
$285.1
$324.7
$749.9
Revenue
264.7
424.0
729.4
1,418.1
261.1
341.1
538.5
1.140.7
Cost of Services excluding depreciation and amortization
(125.4)
(82.6) (300.7)
(508.7)
(121.0)
(56.0) (213.8)
(390.8)
Gross Profit excluding Depreciation and Amortization
$139.3
$341.4
$428.7
$909.4
$140.1
$285.1
$324.7
$749.9
Basis of Presentation: The historical non-GAAP measures used in this presentation have been reconciled to their most directly comparable GAAP financial measures derived from the unaudited consolidated income statements of Pi
Jersey Holdco 1.5 Limited for the years ended December 31, 2019 and 2018.
(1) These adjustments give effect to acquisitions and dispositions that occurred in the relevant reporting period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. These adjustments
have not been prepared in accordance with the applicable requirements of Rule 11-02 of Regulation S-X concerning pro forma financial information. See Slide 49 for additional information.
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