{ "docId": "019de513-e171-7138-8176-63be43e45e5d", "docSlug": "e3237def2156e2a2d4ee515c620aee9d", "documentTitle": "Nuvei | Results Presentation Deck | 34 slides", "authorId": "nuvei", "authorName": "Nuvei", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 34, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-e171-7138-8176-63be43e45e5d/2", "deckHref": "/decks/019de513-e171-7138-8176-63be43e45e5d", "deckJsonHref": "/decks/019de513-e171-7138-8176-63be43e45e5d.json", "deckAnchorHref": "/decks/019de513-e171-7138-8176-63be43e45e5d#slide-2", "components": [ { "bbox": { "h": 0.056, "w": 0.084, "x": 0.887, "y": 0.92 }, "kind": "image", "text": "nuvei", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f6197638-7a12-4a04-9891-ff9c23a06cd5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.068, "w": 0.942, "x": 0.029, "y": 0.728 }, "kind": "paragraph", "text": "Adjusted EBITDA: We use Adjusted EBITDA as a means to evaluate operating performance, by eliminating the impact of non-operational or non-cash items. Adjusted EBITDA is defined as net income (loss) before finance costs (recovery), finance income, depreciation and amortization, income tax expense, acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, and legal settlement and other.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4e79c2e5-26d8-4d64-9719-faafa6682bc7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.942, "x": 0.029, "y": 0.129 }, "kind": "paragraph", "text": "All references in this presentation to \"Nuvei\", the \"Company,\" \"we,\" \"our,\" \"ours,\" \"us\" or similar terms refer to Nuvei Corporation, together with its subsidiaries. All references to \"$\", \"US$\", \"dollars\" and \"U.S. dollars\" are to United States dollars and all references to \"C$\" are to Canadian dollars.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5f4df05a-a275-4400-9f27-da04085c938d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.082, "w": 0.942, "x": 0.029, "y": 0.812 }, "kind": "paragraph", "text": "Adjusted net income: We use Adjusted net income as an indicator of business performance and profitability with our current tax and capital structure. Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, amortization of acquisition-related intangible assets, and the related income tax expense or recovery for these items. Adjusted net income also excludes change in redemption value of liability-classified common and preferred shares, change in fair value of share repurchase liability and accelerated amortization of deferred transaction costs and legal settlement and other.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5fa8ef31-80f7-422d-8faa-41b05544561c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.942, "x": 0.029, "y": 0.57 }, "kind": "paragraph", "text": "Organic revenue at constant currency: In the second quarter of 2022, we modified the composition of our Organic revenue metric to Organic revenue at constant currency. The only change in the composition of our Organic revenue metric as compared to prior periods is to exclude foreign currency exchange impact on organic revenue. This measure helps provide insight on organic and acquisition-related growth and presents useful information about comparable revenue growth. Organic revenue at constant currency means revenue excluding the revenue attributable to acquired businesses for a period of 12 months following their acquisition and excluding revenue attributable to divested businesses, adjusted for the impact of foreign currency exchange fluctuations. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. See Reconciliation of Organic Revenue at Constant Currency and Organic Revenue Growth at Constant Currency to Revenue for more detail on the change in composition.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "979f52cb-0bc4-4c67-be49-6ef1ba157235", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.068, "w": 0.942, "x": 0.029, "y": 0.486 }, "kind": "paragraph", "text": "Revenue at constant currency: In the second quarter of 2022, we introduced a new non-IFRS financial measure to measure our revenue on a constant currency basis. Revenue at constant currency means revenue adjusted for the impact of foreign currency exchange fluctuations. This measure helps provide insight on comparable revenue growth by removing the effect of changes in foreign currency exchange rates year-over-year. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b246d50a-faec-4882-ac57-f9c61fb7d794", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.942, "x": 0.029, "y": 0.909 }, "kind": "paragraph", "text": "Free cash flow: We use Free cash flow as a supplementary indicator of our operating performance. Free cash flow means, for any period, Adjusted EBITDA less capital expenditures.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b614a51f-14a6-4cd9-9dec-1cc295130c44", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.24, "w": 0.942, "x": 0.029, "y": 0.209 }, "kind": "paragraph", "text": "Nuvei's unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this presentation includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Revenue at constant currency, Revenue growth at constant currency, Organic Revenue at constant currency, Organic revenue growth at constant currency, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Free cash flow, Total volume, Total volume at constant currency, Total organic volume at constant currency and eCommerce volume. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from our perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. These measures are used to provide investors with additional insight of our operating performance and thus highlight trends in Nuvei's core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use these non-IFRS and other financial measures in the evaluation of issuers. We also use these measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We believe these measures are important additional measures of our performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company's underlying operating performance. Please refer to the appendix at the end of this presentation for additional details and the definitions of non-IFRS measures, including a reconciliation of such non-IFRS measures to the most directly comparable IFRS measure.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fab239cc-57bc-4ee5-bc19-7d978184d290", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.007, "x": 0.029, "y": 0.96 }, "kind": "source-note", "text": "1", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b7e1a6e7-d3ba-4b07-b15e-53cb8474acfd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.17, "x": 0.029, "y": 0.04 }, "kind": "title", "text": "Disclaimer", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b7ff6129-6de0-42c1-a3eb-b3e89c975334", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }