Paysafe Results Presentation Deck
Q3 financial highlights
Volume¹ (sbn)
$32.5
+8%
$35.1
Q3 2022 Q3 2023
Paysafe:
% of total volume:
84% Merchant Solutions
16% Digital Wallet
●
●
Revenue ($m)
366.0
1.1%
take rate
Q3 2022
+8%
+5% cc²
$396.4
1.1%
take rate
Q3 2023
Growth led by e-comm and
classic digital wallets
YTD growth +7% reported
and +6% CC
●
Adj. EBITDA³ ($m)
$95.5
26.1%
margin
Q3 2022
+22%
+18% cc²
$116.1
29.3%
margin
Q3 2023
Adj. EBITDA margin +320bps
reflecting margin expansion
in both segments
LTM FCF³ ($m)
•
$259.4
+39%
$361.8
LTM Sept'22 LTM Sept¹23
81% LTM FCF conversion of
Adj. EBITDA
Leverage reduced to 5.1x
(from 5.8x at 2022 year-end)
Adj. Net Income³4 ($m)
●
●
$29.2
0.48
Adj. EPS
Q3 2022
+21%
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 $3.9 billion Q3'23 and $10.4 billion Q3'22. Volume mix excludes inter-segment amounts.
(2)
Q3 constant currency growth excludes revenue and Adj. EBITDA benefit of $11.9 million and $3.4 million, respectively, resulting from movement in foreign exchange rates.
(3)
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 Q3'22 has been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022.
(4)
$35.3
$0.57
Adj. EPS
Q3 2023
Adj. EPS +19% YoY
GAAP net loss ($2.5m) vs.
$1.0m net income Q3'22
11View entire presentation