Paysafe Results Presentation Deck slide image

Paysafe Results Presentation Deck

GAAP Net Income to Adjusted EBITDA Reconciliation Paysafe: ($ in thousands) (unaudited) Net Income (loss) Income tax expense (benefit) Interest expense, net Depreciation and amortization Share based compensation expense Impairment expense on intangible assets Restructuring and other costs (Gain) / loss on disposal of subsidiaries and other assets, net Other (income) / expense, net Adjusted EBITDA Adjusted EBITDA Margin Three months ended June 30, 2021 2020 $ 6,785 $ 16,690 62,650 I 70,114 3,276 1,357 4,518 (28) (46,558) 118,804 $ 30.9% $ (15,829) (2,714) 42,531 67,492 5,038 4,359 9,498 110,375 $ 32.4% Six months ended June 30, 2021 (53,744) $ 10,754 125,019 135,576 84,117 1,935 7,488 (28) (79,083) 232,034 30.5% $ 2020 (85,080) (23,768) 80,754 136,991 79,403 10,006 261 24,578 223,145 31.8% 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. 28
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