Nuvei Results Presentation Deck
Q1 2023 Key Takeaways
Strong Growth
Integration On Plan
Investing in Business
Capital Allocation
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Total volume(¹) increased 45%. Total organic volume growth at constant currency(¹) was
29%
Revenue of $256M increased 20%. Organic revenue growth excluding digital assets and
cryptocurrencies at constant currency(²) was 26% ($170M in Q1'22 vs $214M in Q1'23)
Organic global eCommerce channel growth was 37% at constant currency excluding
digital assets and cryptocurrencies
Focused on accelerating go-to-market strategy
Identified $50M to $100M of revenue synergy opportunities above Paya's standalone
"base-case" by 2027
Started to execute on estimated $21M cost synergies target, majority expected to be
recognized towards end of 24-month period following completion of acquisition
Continue to invest in commercial, technology and product teams
Tech investments increased by ~40% Y/Y; capex is within medium-term target range
Progressing across unified commerce, embedded finance and open banking initiatives
Renewed normal-course issuer bid ("NCIB") in March
Purchased 1.35 million shares in Q1'23 (~2% of public float) for $56M
Implemented an automatic share repurchase plan ("ASPP"), allows Nuvei to purchase
shares during blackout periods under predefined terms
(1)
Total volume and Total volume at constant currency do not represent revenue earned by the Company, but rather the total dollar value of transactions processed by
customers under contractual agreement with the Company. See "Supplementary Financial Measures".
(2) Organic revenue excluding digital assets and cryptocurrencies at constant currency growth is a non-IFRS ratio. This ratio is not a recognized measure under IFRS and
does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See "Non-IFRS
and Other Financial Measures".
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