Paysafe Results Presentation Deck
Continued focus on reducing leverage
Liquidity position ($m)
Committed RCF(¹)
3/31/23
$305
Amounts drawn
(37)
222
Cash and cash equivalents
Total
$490
Facility (as of 3/31/23) ($m)
Fixed rate SSN
Interest rate swap (notional)
Total fixed (excl. digital wallet deposits)
Natural hedge from interest earning deposits in digital wallet
Total fixed (incl. digital wallet deposits)
Total floating
Total Debt(¹)
Net Debt(¹)
Net Debt-to-LTM Adj. EBITDA (²)
Paysafe:
%
total
$817
$352
$1,169 ~45%
$913
$2,082
$529
$2,611
$2,389
5.8X
~80%
~20%
100%
●
~$50m Q1 net repayments of debt;
movement in FX increased debt by
~$15m
Avg. interest rate (incl. interest rate
swap) at ~5.4% as of Mar-23 (compared
to ~3.5% Mar-22)
Interest expense: Q2e ~$35-37m
Est. year-end net leverage 5.1x to 5.3x
(1) Total debt includes the outstanding principal on the Company's borrowings. Total debt definition includes the drawn amounts of a local $75m Credit Facility held in the US outside the Company's Senior Credit Facility.
The nature of the facility is to draw on the facility daily and to prefund daily interchange and it acts as a source of working capital. This facility is not considered in total debt for covenant calculation purposes.
(2) Net debt-to-LTM Adj. EBITDA is defined as Net Debt (Total Debt less Cash and cash equivalents) divided by the Company's adjusted EBITDA, as defined in the appendix, for the last 12 months and does not represent the
definitions of net debt and adjusted EBITDA used for covenant calculation purposes.
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