{ "docId": "019de514-ddb3-7205-8f66-4eef8f4a582f", "docSlug": "62ec8c9e4f53da3dd50cf54825640236", "documentTitle": "Nuvei | Mergers and Acquisitions Presentation Deck | 27 slides", "authorId": "nuvei", "authorName": "Nuvei", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investment_bank", "sourceTypeLabel": "Investment bank", "presentationDate": "2023-01-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 18, "pageCount": 27, "prevPage": 17, "nextPage": 19, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de514-ddb3-7205-8f66-4eef8f4a582f/18", "deckHref": "/decks/019de514-ddb3-7205-8f66-4eef8f4a582f", "deckJsonHref": "/decks/019de514-ddb3-7205-8f66-4eef8f4a582f.json", "deckAnchorHref": "/decks/019de514-ddb3-7205-8f66-4eef8f4a582f#slide-18", "components": [ { "bbox": { "h": 0.038, "w": 0.927, "x": 0.038, "y": 0.786 }, "kind": "paragraph", "text": "Paya Adjusted EBITDA: Paya Adjusted EBITDA represents earnings before interest and other expense, income taxes, depreciation, and amortization, or EBITDA and further adjustments to EBITDA to exclude certain non-cash items and other non-recurring items that Paya believes are not indicative of ongoing operations.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0e4e9d59-f079-469d-9010-d9c8722f5e6d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.927, "x": 0.038, "y": 0.699 }, "kind": "paragraph", "text": "Nuvei Adjusted EBITDA less capital expenditures: Nuvei uses Adjusted EBITDA less capital expenditures (acquisition of intangible assets and property and equipment) as a supplementary indicator of operating performance. In the third quarter of 2022, Nuvei retrospectively modified the label of this measure from “Free cash flow” in order to clearly reflect its composition.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "588d96ac-5d51-4145-a515-8234949dd27a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.316, "w": 0.927, "x": 0.038, "y": 0.247 }, "kind": "paragraph", "text": "The information in this presentation also includes non-U.S. GAAP financial measures, and supplementary financial measures, of Paya, namely Paya Adjusted EBITDA, Paya Adjusted EBITDA less capital expenditures, and Paya Payment volume. These measures are not recognized measures under U.S. GAAP and do not have standardized meanings prescribed by U.S. GAAP and therefore may not be comparable to similar measures presented by other companies, including Nuvei's. Rather, these measures are provided as additional information to complement U.S. GAAP measures by providing further understanding of Paya's results of operations. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of Paya's financial statements reported under U.S. GAAP. Paya discloses Paya Adjusted EBITDA because this non-U.S. GAAP measure is a key measure used by it to evaluate its business, measure its operating performance and make strategic decisions. Paya believes Paya Adjusted EBITDA is useful for investors and others in understanding and evaluating its operations results in the same manner as Paya. However, Paya Adjusted EBITDA is not a financial measure calculated in accordance with U.S. GAAP and should not be considered as a substitute for net income, income before income taxes, or any other operating performance measure calculated in accordance with U.S. GAAP. Using this non-U.S. GAAP financial measure to analyse Paya's business would have material limitations because the calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in its industry may report measures titled adjusted EBITDA or similar measures, such non-U.S. GAAP financial measures may be calculated differently from how Paya calculates non-U.S. GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, you should consider Paya Adjusted EBITDA alongside other financial performance measures, including net income and Paya's other financial results presented in accordance with U.S. GAAP.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "66e94b02-6ede-4d27-8319-361b3be0a486", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.038, "w": 0.927, "x": 0.038, "y": 0.873 }, "kind": "paragraph", "text": "Paya Adjusted EBITDA less capital expenditures: Paya Adjusted EBITDA less capital expenditures is used as a supplementary indicator of Paya's operating performance, and represents Paya Adjusted EBITDA less capital expenditures (purchases of property and equipment, net of impact of business acquisitions).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c7bbda68-85ea-44ed-84bd-e4b3b23690a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.927, "x": 0.038, "y": 0.612 }, "kind": "paragraph", "text": "Nuvei Adjusted EBITDA: Nuvei uses 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": "e36d9758-8166-4b75-b077-907f04c02b10", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.15, "x": 0.045, "y": 0.066 }, "kind": "title", "text": "Disclaimer", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "37a0d903-ff6e-4c5c-ae44-5b4d207bd123", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }