Paysafe SPAC Presentation Deck slide image

Paysafe SPAC Presentation Deck

Bill Foley is an agent of change and transformation Revenue opportunity Incremental Adj. EBITDA(1,2) Incremental Adj. EBITDA incl. US iGaming upside (1,3) Total project cost savings from platform integration Operations: $20m ▪ Process transformation and automation ▪ 30% reduction in premises footprint Back office consolidation (risk, Risk platform: $15m compliance, and operations) Fraud reduction Good / Bad rate improvement Credit loss improvement Digital Wallet funding enhancement Bank as a service: $20m Lower fees (acquiring, APM, FX) Closing of unused accounts ■ ■ Banking relationship consolidation ▪ Consolidate onto proprietary acquiring licenses Note: (1) (2) (3) (4) Total project Revenue growth strategies Enterprise sales: $85m Cross-selling funnel ■ Transformational deals Gateway convergence: $15m Consolidation onto Unity Sell Paysafe eComm gateway via USPP division ■ $140m $60m $75m ■ ■ Migrate more wallet volume to Paysafe acquiring Operations: $20m ▪ Failed deposits for Digital Wallets Risk platform: $15m ▪ Reduce false positives Bank as a service: $5m Incremental '21E adj. EBITDA: $20m(1,2)| Incremental '21E adj. EBITDA: $40m(1,2) ✓ Foley team drives Foley track record of synergy achievement revenue growth ■ ■ Winning in US iGaming 10% US iGaming market share forecasted to grow to $24bn market volume in 2025 Upside scenario to base case of $47bn market volume, driving an incremental $15m of adj. EBITDA(1,3) ▪ Global base of 15m customers(4) across verticals Proven strategy of winning as new global markets open ■ Unrivaled regulatory and technical expertise Incremental '22E adj. EBITDA: $15m(1,3) ✓ Foley track record of success in highly regulated industries eCommerce, APM as defined on slide 52. Represents organic adj. EBITDA. See slide 49 for additional information regarding this non-GAAP measure. Represents upside impact to '21E Organic adj. EBITDA giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. Represents upside impact to '22E base plan Organic adj. EBITDA giving pro forma effect to growth in US iGaming market volume if and when it occurs. LTM July 2020. Based on total active wallet accounts and estimated paysafecard users. Paysafe: M&A strategy Transform growth and margin trajectory of Paysafe Balance sheet positon for acquisitive growth Digital wallet consolidation - over 300 targets with large synergy potential eCash adding geographic distribution / platform consolidation Targeting highly profitable and high growth verticals in eCommerce Four steps to drive transformational value creation ✓ Foley governance team with expertise in transformative M&A 6
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