Nuvei Results Presentation Deck slide image

Nuvei Results Presentation Deck

Reconciliation from IFRS to Non-IFRS Results - Adjusted EBITDA (In thousands of U.S. dollars) Net income (loss) Finance cost Finance income Depreciation and amortization Income tax expense Acquisition, integration and severance costs (a) Share-based payments (b) Loss (gain) on foreign currency exchange Legal settlement and other (c) Adjusted EBITDA (d) Advance from third party - merchant residual received (e) 25 Three months ended June 30, 2020 $ 2021 $ 38,914 3,432 (912) 20,740 6,120 4,500 4,953 1,691 (63) 79,375 3,138 13,965 24,083 (1,449) 17,020 558 1,208 402 (18,286) (111) 37,390 2,719 Six months ended June 30, 2020 $ 2021 $ 66,704 6,747 (1,771) 41,738 11,179 9,840 9,058 1,246 96 144,837 5,866 (48,378) 55,342 (2,795) 34,333 474 2,878 735 27,433 656 70,678 5,668 (a) These expenses relate to: (i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses. (ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses. (iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020). (iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses. These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share- based plans. (c) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses. (d) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows. (e) Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contracts. nuvei Payment Technology Partner
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