Paysafe Results Presentation Deck
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Q1 financial highlights
Volume¹ (sbn)
$31.2
Q1 2022
+8%
$33.8
Q1 2023
Paysafe:
Volume mix % (YoY change):
84% Merchant (+150bps)
16% Wallet (-140bps)
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Revenue ($m)
$367.7
1.2%
take rate
Q1 2022
+5%
+7% CC²
$395.2
CC
e-commerce
$387.8
reported
1.1%
take rate
Q1 2023
Solid constant currency
growth from both segments
Strong performance from
classic digital wallet and
FX
headwind
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Adj. EBITDA 2,3 ($m)
$104.0
28.3%
margin
Q1 2022
+4%
+5% cc²
$109.3
CC
$107.8
reported
27.8%
margin
Q1 2023
FX
headwind
Margin decline includes higher
unallocated/Corp. SG&A (e.g.,
exec severance)
LTM FCF3 ($m)
$237.0
+30%
$307.9
LTM Mar'22 LTM Mar'23
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 $9.6 billion Q1'23 and $4.4 billion Q1'22. Volume mix and change exclude inter-segment amounts.
74% LTM FCF conversion of
Adj. EBITDA
•
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Adj. Net Income³ ($m)
(2)
Q1 constant currency growth excludes revenue and Adj. EBITDA headwinds of $7.3 million and $1.5 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.
$37.3
$0.62
Adj. EPS
Q1 2022
-11%
$33.1
$0.54
Adj. EPS
Q1 2023
Lower Adj. Net Income
mainly reflects higher
interest expense
GAAP net loss of $3.8m vs.
$1.2bn loss Q1'22
(impairment charge prior year)
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