Second Quarter 2023 Earnings Conference Call
Consolidated Results Q2 2023
(in USD mm, except per share)
Revenue
Adjusted EBITDA (¹)
Adjusted EBITDA margin
Adjusted Net Income (¹)
Adjusted EPS (1)
Q2 2023
$167.1
$74.5
44.6%
$46.6
$0.71
Y-O-Y %
4%
1%
-160bps
-3%
6%
Strong revenue growth across payment segments in Puerto Rico and LATAM, driven by increased sales volume and
transaction volumes, better spreads and the contribution from the two completed acquisitions over the past year,
partially offset by the impact of revenues sold as part of the Popular Transaction.
The decrease in margin was primarily a result of the impact of the Popular transaction specifically, the revenue sharing
agreement and the sale of assets at higher margin.
(1) Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are compared with prior year recast figures. See Non-GAAP reconciliation summary in appendix, p.19 for current year reconciliation and prior
year recast figures.
7
evertecView entire presentation