Paysafe Results Presentation Deck slide image

Paysafe Results Presentation Deck

GAAP Net income (loss) to Adjusted EBITDA reconciliation Paysafe: ($ in thousands) Net income / (loss) Income tax benefit Interest expense, net Depreciation and amortization Share based compensation expense Impairment expense on intangible assets Restructuring and other costs Loss on disposal of subsidiaries and other assets, net Other (income) / expense, net Adjusted EBITDA Adjusted EBITDA Margin $ Three months ended December 31, 2021 90,522 (19,005) 21,536 63,964 8,940 3,562 28 (64,088) 105,459 28.4% $ 2020 (3,012) $ (21,126) 41,456 65,034 6,616 10,129 (13,496) 9,743 95,344 25.7% $ 2021 Years ended December 31, (110,328) (85,110) 165,827 261,372 101,770 324,145 25,883 (239,661) 443,898 29.9% $ $ 2020 (126,714) (59,199) 164,788 268,166 130,420 20,640 (13,137) 40,805 425,769 29.8% 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. 26
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