Slide 1: Priority Technology Holdings, Inc. Q4 2024 Earnings Call Supplemental Slides
Priority Technology Holdings, Inc. (Nasdaq: PRTH) Supplemental Slides: Q4 2024 Earnings Call March 6, 2025
Slide 2: Disclaimer
Disclaimer Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financia
Slide 3: Key 2024 Highlights
Key 2024 Highlights FY 2024 RESULTS CONTINUED STRONG MOMENTUM NET REVENUE ADJ GROSS PROFIT1 TOTAL REVENUE ADJUSTED EBITDA1 +16% +19% (In Millions) $965 - $1,000 (In Millions) $220 - $230 $35 $10 ADJ EBITDA1 OPERATING INCOME Guidance +21% +64% Range Guidance Range $965 $220 FY 2024 KEY METRICS $880 $
Slide 4: Q4 2024 Consolidated Results
Q4 2024 Consolidated Results 14% 15% 40bp 16% 37.0% $227.1M $83.9M $51.7M $199.3M 36.6% $44.6M $72.9M Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Revenue increased Adj Gross Profit1 Adj Gross Profit Adjusted EBITDA1 14% to $227.1 increased 15% to margin1 increased increased 16% to million $83.9
Slide 5: Full Year 2024 Consolidated Results
Full Year 2024 Consolidated Results 16% 19% 90bp 21% 37.3% $879.7M $328.1M $204.3M $755.6M 36.4% $168.3M $275.3M FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 Revenue increased Adj Gross Profit1 Adj Gross Profit Adjusted EBITDA1 16% to $879.7 increased 19% to margin1 increased increased 21% to mil
Slide 6: Priority Commerce: Powering an Ecosystem of Integrated Financial Solutions
Priority We Provide Personalized Payments and Banking Solutions to: Commerce: Accelerate Cash Flow + Optimize Working Capital Powering an Ecosystem of Integrated Financial Collect Store Lend Send Solutions ▪ Priority Commerce Engine (PCE) is a unified platform that provides our customers a Priority
Slide 7: Fourth Quarter 2024 Financial Results
Fourth Quarter 2024 Financial Results prioritycommerce.com 7
Slide 8: SMB Highlights – Q4 2024
SMB Highlights – Q4 2024 Revenue Adj. Gross Profit1 Adj. EBITDA1 $155.7MM $32.0MM $26.6MM +11% YoY +0.4% YoY | 20.5% Margin +6% YoY | 17.1% Margin Q4 2024 Segment Highlights ➔ Revenue growth of 11% driven by higher volumes and mix ➔ Total Card $ Volumes increased 7% to $18.1bn (incl Bankcard $ Volum
Slide 9: B2B Highlights – Q4 2024
B2B Highlights – Q4 2024 Revenue Adj. Gross Profit1 Adj. EBITDA1 $23.7MM $6.4MM $2.4MM +11% YoY +24% YoY | 26.8% Margin +544% YoY | 10.1% Margin Q4 2024 Segment Highlights ➔ $2.3mm of Revenue growth driven by $1.4mm increase from Plastiq ➔ Adjusted Gross Profit margin increased 280+ bps YoY due to m
Slide 10: Enterprise Highlights – Q4 2024
Enterprise Highlights – Q4 2024 Revenue Adj. Gross Profit1 Adj. EBITDA1 $48.7MM $45.6MM $42.0MM +27% YoY +27% YoY | 93.6% Margin +27% YoY | 86.3% Margin Q4 2024 Segment Highlights ➔ CFTPay Avg Monthly New Enrollments of 52K increased 8% from 49K in Q4 2023 ➔ CFTPay Avg Number of Billed Clients incre
Slide 11: Consolidated Operating Expenses – Q4 2024
Consolidated Operating Expenses – Q4 2024 Salaries & Benefits SG&A Depreciation & Amortization $23.2MM $12.8MM $13.8MM +7% YoY (9%) YoY (8%) YoY Q4 2024 Segment Highlights ➔ Higher Salaries & Benefits driven by overall growth of the Company ➔ Decrease in SG&A expense due to non-recurring restructuri
Slide 12: Adjusted EBITDA Walk
Adjusted EBITDA1 Walk Adjusted EBITDA experienced strong growth in Q4 2024 ➔ Q4 2024 Adjusted EBITDA of $51.7 million increased 16% from $44.6 million in Q4 2023 ➔ Full year 2024 Adjusted EBITDA grew 21% to $204.3 million EBITDA Walk (in Millions) 2024 2023 LTM Q4 Q4 Q4 2024 Consolidated net income
Slide 13: Capital Structure & Liquidity
Capital Structure & Liquidity Outstanding Debt Senior Redeemable Preferred Stock Balance as of September 30, 2024 $832.9 Balance as of September 30, 2024 $105.1 (+/-) Net Revolver Borrowings -- (+/-) Redemption of Preferred Stock2 ($113.4) (+/-) Net Term Loan Borrowings $112.6 (+/-) Dividend Payable
Slide 14: 2025 Financial Guidance
2025 Financial Guidance $965MM – $1B $360 – $385MM $220 – $230MM (10% – 14% Growth) Total Revenue Adj. Gross Profit1 Adj. EBITDA1 Strong double-digit Revenue growth will drive continued improvements in Adjusted Gross Profit1 and Adjusted EBITDA1 with some offsets resulting from increased operating e
Slide 15: Appendix
Appendix prioritycommerce.com 15
Slide 16: Appendix – Adjusted Gross Profit Reconciliation
Appendix 1 – Adjusted Gross Profit1 Reconciliation The reconciliation of adjusted gross profit to its most comparable GAAP measure is provided below: (in Millions) (in Millions) Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 SMB B2B Enterprise Eliminations Total SMB B2B En
Slide 17: Appendix – Adjusted EBITDA Reconciliation
Appendix 2 – Adjusted EBITDA1 Reconciliation The reconciliation of adjusted EBITDA to its most comparable GAAP measure is provided below: (in Millions) (in Millions) Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 SMB B2B Enterprise Corporate Total SMB B2B Enterprise Corpor