Nuvei Results Presentation Deck slide image

Nuvei Results Presentation Deck

Reconciliation from IFRS to Non-IFRS Results – Adjusted EBITDA - (In thousands of U.S. dollars) Net income (loss) Finance cost Finance income Depreciation and amortization Income tax expense (recovery) (a) Acquisition, integration and severance costs (b) Share-based payments Loss (gain) on foreign currency exchange Legal settlement costs and other(c) (d) Adjusted EBITDA Advance from third party - merchant residual received (e) 40 Three months ended March 31 2021 $ 27,790 3,315 (859) 20,998 5,059 5,340 4,105 (445) 159 65,462 2,728 2020 $ (62,343) 31,259 (1,346) 17,313 (84) 1,670 333 45,719 766 33,287 2,948 (a) These expenses relate to: (i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities during the period, which were $5.3 million for the three months ended March 31, 2021 (March 31, 2020 - $1.2 million). These costs are presented in the professional fees line item of selling, general and administrative expenses. (ii) acquisition-related compensation, which was nil for the three months ended March 31, 2021 (March 31, 2020 - $0.2 million). These costs are presented in the employee compensation line item of selling, general and administrative expenses. (iii) severances, which were immaterial for the three months ended March 31, 2021 (March 31, 2020 - $0.2 million), and integration expenses. Severance costs are presented in the employee compensation line item of selling, general and administrative expenses. (b) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans. (c) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses. (d) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows. (e) Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contracts. nuvei Payment Technology Partner
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