Paysafe Results Presentation Deck
Q4 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:
Q4'20(¹)
$26.2bn
$370.3
$226.4
61.2%
$95.3
25.7%
$65.0
$41.5
($3.4)
Q4'21
$31.5bn
$371.7
$223.6
60.1%
$105.5
28.4%
$64.0
$21.5
$90.3
Change
20%
0%
(1%)
11%
(2%)
(48%)
NM
Q4 commentary
Net income benefited from fair value
gain of $64m resulting from the
remeasurement of the warrant liability
at quarter-end
Reduction in interest expense due to
the impact of debt repayment and the
subsequent refinancing in the year
(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 have been revised to reflect the
correction of this misstatement.
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