Nuvei Results Presentation Deck
19
Financial Outlook
For the three months ending June 30, 2023 and the fiscal year ending December 31, 2023, Nuvei anticipates Total volume(¹), Revenue, Revenue at constant
currency and Adjusted EBITDA (2) to be in the ranges below. The Company has raised the low end of its prior financial outlook for fiscal 2023 by the amount of the
first quarter's outperformance. Nuvei continues to expect Organic revenue growth excluding digital assets and cryptocurrencies at constant currency to be
between 23% and 28% for the fiscal year ending December 31, 2023.
(In US dollars)
Total volume(¹) (in billions)
Revenue (in millions)
Revenue at constant currency(2) (in millions)
Adjusted EBITDA(2) (in millions)
Three months endi
2023
Forward-looking
50 - 52
300-308
301 - 309
105-110
June 30,
Year
December 31,
2023
Forward-looking
196 - 202
1,225 - 1,264
1,226 - 1,266
456-477
The financial outlook is fully qualified and based on a number of assumptions and subject to a number of risks described under the heading "Forward-Looking
Information" of this presentation. Nuvei's outlook also constitutes "financial outlook" within the meaning of applicable securities laws and is provided for the
purposes of assisting the reader in understanding the Company's financial performance and measuring progress toward management's objectives and the reader
is cautioned that it may not be appropriate for other purposes.
Other than with respect to revenue, the Company only provides guidance on a non-IFRS basis. The Company does not provide a reconciliation of forward-looking
revenue at constant currency (non-IFRS), Organic revenue growth excluding digital assets and cryptocurrencies at constant currency (non-IFRS) to revenue, and
Adjusted EBITDA (non-IFRS) to net income (loss) due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such
reconciliation such as predicting the future impact and timing of acquisitions and divestitures, foreign exchange rates and the volatility in digital assets. In periods
where significant acquisitions or divestitures are not expected, the Company believes it might have a basis for forecasting the IFRS equivalent for certain costs,
such as employee benefits, commissions and depreciation and amortization. However, because other deductions such as share-based payments, net finance
costs, gain (loss) on financial instruments carried at fair market value and current and deferred income taxes used to calculate projected net income (loss) can
vary significantly based on actual events, the Company is not able to forecast on an IFRS basis with reasonable certainty all deductions needed in order to
provide an IFRS calculation of projected net income (loss). The amount of these deductions may be material and, therefore, could result in projected IFRS net
income (loss) being materially less than projected Adjusted EBITDA (non-IFRS). These statements represent forward-looking information and may represent a
financial outlook, and actual results may vary. See the risk and assumptions described under the heading "Forward-looking information" of this presentation.
(1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the
Company. See "Supplementary Financial Measures" above.
(2) Adjusted EBITDA and Revenue at constant currency are non-IFRS measures. See "Non-IFRS Measures".
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