Priority Technology Holdings, Inc. · NASDAQ:PRTH
Priority Technology — Investor Presentation (October 2021)
12 slides from Priority Technology's investor presentation, Oct 28, 2021
Slide 1: Built for the Future of Payments
Priority (Nasdaq: PRTH) Built for the Future of Payments October 2021 P R IO R IT Y T E C H N O L O G Y H O L D IN G S
Slide 2: Disclaimer: Forward-Looking Statements and Non-GAAP Measures
P R IO R IT Y T E C H N O L O G Y H O L D IN G S 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
Slide 3: Priority Overview
P R IO R IT Y T E C H N O L O G Y H O L D IN G S $231 $68 $53 $8 $5 $36 $32 $24 Revenue Gross Profit ADJ EBITDA Consumer Commercial Integrated Priority is a leading digital payment company purpose built to monetize payment (or merchant) networks in Consumer, Commercial B2B, and Integrated Software v
Slide 4: Full Payment Operations and Technology Integration on a Single Platform
P R IO R IT Y T E C H N O L O G Y H O L D IN G S P R IO R IT Y T E C H N O L O G Y H O L D IN G S 4 FULL PAYMENT OPERATIONS AND TECHNOLOGY INTEGRATION ON A SINGLE OPERATIONAL SUPPORT PLATFORM THAT OPERATES AT SCALE Priority is a payments powerhouse with a single platform to collect, store, and send
Slide 5: Priority Business Overview
P R IO R IT Y T E C H N O L O G Y H O L D IN G S MX PLATFORM Storefront Insights Invoice Retail Connect CONSUMER PAYMENTS Full-service payment processing and payment- enabled solutions for B2C transactions Platform for merchants and resellers to run their business more efficiently INTEGRATED PARTNER
Slide 6: One Stop Shop for Taking + Making Payments
P R IO R IT Y T E C H N O L O G Y H O L D IN G S One Stop Shop for Taking + Making Payments + Managing Business/Consumer Operating Accounts UNMATCHED RESOURCES TO MONETIZE MERCHANT NETWORKS Tenant Landlord Supplier Property Management Software OMNI-CHANNEL REAL ESTATE PAYMENTS Residential / Commerci
Slide 7: Unique Technology Positioned to Capitalize on Other Use Cases
P R IO R IT Y T E C H N O L O G Y H O L D IN G S $4BN GPR & $5BN+DDA U.S. Market Size $1 Trillion North America eCommerce Sales $56 Trillion ACH Volume $1 Trillion Global Payment Volume Processed by PayFacs $48 Billion EMEA Credit Cards Payment Revenue $8 Trillion North America Disbursements UNIQUE
Slide 8: Net Revenue, Gross Profit and Adjusted EBITDA by Segment
P R IO R IT Y T E C H N O L O G Y H O L D IN G S $50 $62 $90 $9 $8 $46 PRTH ISV Sale ISV Acquisition $109 $116 $147 $11 $11 $62 PRTH ISV Sale ISV Acquisition $360 $392 $484 $12 $12 $67 PRTH ISV Sale ISV Acquisition 8 2019A 2020A 2021PF 2019A 2020A 2021PF $136(2) $70 $59 $550(2) $404 $372 NET REVENUE
Slide 9: Strong Financial Performance with Peer Valuation Discount
P R IO R IT Y T E C H N O L O G Y H O L D IN G S 9 STRONG FINANCIAL PERFORMANCE with PEER VALUATION DISCOUNT ENTERPRISE VALUE MULTIPLE 1 (1) Enterprise Value divided by YTD Adjusted EBITDA through Q2 annualized. Square’s multiple of 101.4 is an extreme outlier and is not reflected above. Management
Slide 10: Key Takeaways
P R IO R IT Y T E C H N O L O G Y H O L D IN G S KEY TAKEAWAYS P R IO R IT Y T E C H N O L O G Y H O L D IN G S 10 ■ Built for the Future of Payments – Large Global Market Opportunity ■ Scalable, Innovative Technology Platform – Low Capital Spending Needs ■ Strong Revenue Growth & Significant Operat
Slide 11: Additional Resources
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Additional Resources P R IO R IT Y T E C H N O L O G Y H O L D IN G S 11 Annual Filing ■ Fiscal Year 2020 Quarterly Filings ■ Second Quarter 2021 10-Q ■ First Quarter 2021 10-Q Earnings Releases ■ Second Quarter 2021 ■ First Quarter 2021 Earnings Call
Slide 12: Contact
P R IO R IT Y T E C H N O L O G Y H O L D IN G S C O N T A C T Chris Kettmann I N V E S T O R R E L A T I O N S ckettmann@lincolnchurchilladvisors.com
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