{ "docId": "019de515-4c5a-7455-98da-6146de279261", "docSlug": "acc5bbedab2dc6cbccba09f949bb07f6", "documentTitle": "Nuvei | Results Presentation Deck | 43 slides", "authorId": "nuvei", "authorName": "Nuvei", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 31, "pageCount": 43, "prevPage": 30, "nextPage": 32, "slideType": "revenue_buildup", "function": "decompose_segments", "density": "dense", "nDataPoints": 48, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-4c5a-7455-98da-6146de279261/31", "deckHref": "/decks/019de515-4c5a-7455-98da-6146de279261", "deckJsonHref": "/decks/019de515-4c5a-7455-98da-6146de279261.json", "deckAnchorHref": "/decks/019de515-4c5a-7455-98da-6146de279261#slide-31", "components": [ { "bbox": { "h": 0.036, "w": 0.099, "x": 0.859, "y": 0.07 }, "kind": "image", "text": "nuvei", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5b02f27c-87ad-49d3-839f-a954b40363a8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.406, "x": 0.548, "y": 0.187 }, "kind": "source-note", "text": "a. These expenses relate to: i. professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and year ended December 31, 2022, those expenses were $6.9 million and $13.1 million ($4.3 million and $14.7 million for the three months and year ended December 31, 2021). These costs are presented in the professional fees line item of selling, general and administrative expenses. ii. acquisition-related compensation was nil and $14.3 million for the three months and year ended December 31, 2022 and $4.5 million and $10.8 million for the three months and year ended December 31, 2021. These costs are presented in the employee compensation line item of selling, general and administrative expenses. iii. change in deferred purchase consideration for previously acquired businesses. No amount was recognized in the three months ended December 31, 2022 and a gain of $1.0 million were recognized for the year ended December 31, 2022, and nil for 2021.. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses. iv. severance and integration expenses, which were nil and $2.0 million for the three months and year ended December 31, 2022 (nil and $0.3 million for the three months and year ended December 31, 2021). These expenses are presented in selling, general and administrative expenses. 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 year ended December 31, 2022, the expenses consisted of non-cash share-based payments of $35.4 million and $139.1 million ($32.9 million and $53.2 million for three months and year ended December 31, 2021), $0.1 million and $0.2 million for related payroll taxes ($1.7 million for the three months and year ended December 31, 2021). 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.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3b9c2d04-2863-4796-95d4-6879110d15d3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.69, "w": 0.504, "x": 0.048, "y": 0.18 }, "kind": "table", "text": "Reconciliation of Adjusted EBITDA and Adjusted EBITDA less capital expenditures to Net Income (In thousands of US dollars) Three months ended December 31 Years ended December 31 2022 2021 2022 2021 $ $ $ $ Net income 9,352 12,339 61,955 107,045 Finance cost 9,214 5,001 22,841 16,879 Finance income (7,267) (550) (13,694) (2,859) Depreciation and amortization 21,734 25,938 101,492 90,828 Income tax expense 5,746 7,535 25,582 24,916 Acquisition, integration and severance costs(a) 6,923 8,773 28,413 25,831 Share-based payments and related payroll taxes(b) 35,546 34,674 139,309 54,919 Loss (gain) on foreign currency exchange 4,663 (2,486) (15,752) (513) Legal settlement and other(c) (226) 230 1,171 188 Adjusted EBITDA 85,685 91,454 351,317 317,234 Acquisition of property and equipment, and intangible assets (14,511) (9,642) (48,322) (27,169) Adjusted EBITDA less capital expenditures 71,174 81,812 302,995 290,065", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "99b600f4-3a5a-4e06-81e5-dc99d187d5f1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.79, "x": 0.048, "y": 0.045 }, "kind": "title", "text": "Reconciliation of Adjusted EBITDA and Adjusted EBITDA Less Capital Expenditures to Net Income (Loss)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "144db503-deef-4612-bea8-755c65af8e8b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Waterfall chart", "slug": "waterfall-chart", "agent": null, "layer": "slide", "matchId": "943bb3d1-c425-41b7-b2f0-e8794e7dc3ea", "evidence": "The slide presents a reconciliation in a table format with various adjustments to net income, resembling a waterfall chart.", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }