Second Quarter 2023 Earnings Conference Call
Reconciliation of Q2 2022 Segment Non-GAAP Results
Three months ended June 30, 2022
(as recast)
(In thousands)
Revenues
Operating costs and expenses
Depreciation and amortization
Non-operating income (expenses)
EBITDA
Compensation and benefits (2)
Transaction, refinancing and other fees (3)
Loss (gain) on foreign currency
remeasurement (4)
Adjusted EBITDA
Payment
Services -
Puerto Rico &
Caribbean
$
$
46,078
28,680
5,466
309
23,173
675
27
23,875
Payment
Services -
Latin America
$
$
30,784
25,032
2,712
123
8,587
973
674
10,234
Merchant
Acquiring, net
$
38,539
22,823
1,040
332
17,088
446
17,534
Business
Solutions
$
$
64,690
40,297
4,279
624
29,296
555
(16)
Corporate and
Other (1)
29,835 $
$
(19,520)
(2,908)
6,063
(1,664)
(12,213)
2,756
1,009
1,046
(7,402)
$
$
Total
160,571
113,924
19,560
(276)
65,931
5,405
993
1,747
74,076
(1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the
$13.3 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $3.7 million from Payment Services- Latin
America to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $2.5 million from Payment Services - Puerto Rico & Caribbean to Payment
Services - Latin America.
(2) Primarily represents share-based compensation.
(3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2018 Credit Agreement, and the elimination of non-cash equity earnings from our 19.99% equity investment in
Consorcio de Tarjetas Dominicanas S.A.
(4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
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