Paysafe Results Presentation Deck slide image

Paysafe Results Presentation Deck

GAAP Net Income to Adjusted EBITDA reconciliation Paysafe: ($ in thousands) Net Loss Income tax benefit Interest expense, net Depreciation and amortization Share based compensation expense Impairment expense on intangible assets Restructuring and other costs Loss (gain) on disposal of subsidiaries and other assets, net Other (income) expense, net Adjusted EBITDA Adjusted EBITDA Margin $ Three months ended September 30, 2021 (147,106) (76,859) 19,272 61,832 8,713 322,210 14,833 (96,490) 106,405 30.1% $ $ 2020 (38,622) (14,305) 42,578 66,141 44,401 505 98 6,484 107,280 30.2% 2021 Nine months ended September 30, (200,850) (66,105) 144,291 197,408 92,830 324,145 22,321 (28) (175,573) 338,439 30.3% $ $ 2020 (123,702) (38,073) 123,332 203,132 123,804 10,511 359 31,062 330,425 31.3% 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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