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  "documentTitle": "Nuvei | Results Presentation Deck | 42 slides",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "a. These expenses relate to:\ni. professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and nine months ended September 30, 2022, those expenses were $2.8 million and $6.2 million ($0.7 million and $10.5 million for the three months and nine months ended September 30, 2021). These costs are presented in the professional fees line item of selling, general and administrative expenses.\nii. acquisition-related compensation was $7.5 million and $14.3 million for the three months and nine months ended September 30, 2022 and $6.3 million for the three months and nine months ended September 30, 2021. These costs are presented in the employee compensation line item of selling, general and administrative expenses.\niii. change in deferred purchase consideration for previously acquired businesses. $0.5 million and $1.0 million gain were recognized for the three months and nine months ended September 30, 2022, and nil for 2021. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.\niv. severance and integration expenses, which were $1.5 million and $2.1 million for the three months and nine months ended September 30, 2022 ($0.3 million for the three months and nine months ended September 30, 2021). These expenses are presented in selling, general and administrative expenses.",
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      "text": "c. This line item primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses.",
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      "text": "b. These expenses represent expenses recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and nine months ended September 30, 2022, the expenses consisted of non-cash share-based payments of $33.8 million and $103.7 million ($11.2 million and $20.2 million for three months and nine months ended September 30, 2021), immaterial and $0.1 million for related payroll taxes (nil in 2021).",
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      "text": "Reconciliation of Adjusted EBITDA and Adjusted EBITDA less capital expenditures to Net Income (In thousands of U.S. dollars) Three months ended September 30 Nine months ended September 30 2022 2021 2022 2021 $ $ $ $ Net income 13,006 28,002 52,603 94,706 Finance cost 7,859 5,131 13,627 11,878 Finance income (4,131) (538) (6,427) (2,309) Depreciation and amortization 26,269 23,152 79,758 64,890 Income tax expense 5,393 6,202 19,836 17,381 Acquisition, integration and severance costs(a) 11,324 7,218 21,490 17,058 Share-based payments and related payroll taxes(b) 33,819 11,187 103,763 20,245 Loss (gain) on foreign currency exchange (12,528) 727 (20,415) 1,973 Legal settlement and other(c) 190 (138) 1,397 (42) Adjusted EBITDA 81,201 80,943 265,632 225,780 Acquisition of property and equipment, and (12,724) (6,402) (33,811) (17,527) intangible assets Adjusted EBITDA less capital expenditures 68,477 74,541 231,821 208,253",
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