Slide 1: 3Q 2023 Earnings
3Q 2023 Earnings 10/31/2023 Innovation that delivers. COPYRIGHT GLOBAL PAYMENTS 2023 ALL RIGHTS RESERVED
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections ab
Slide 3: Strong financial performance 3Q 2023
Strong financial performance 3Q 2023 Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $2.23B 45.7% $2.75 +9% +50 bps +11% +17% excluding +18% excluding dispositions dispositions See appendix for information regarding non-GAAP financial measures. Comparisons are to 3Q22 unless otherwise note
Slide 4: Merchant Solutions
Merchant Solutions Adjusted Adjusted 3Q 2023 Highlights Net Revenue Operating Margin 9%+ adjusted net revenue 3Q 2023 $1.73B 49.1% growth ex. EVO & dispositions +19% -90 bps1 33% increase in new Integrated partners +up to 20%+ POS growth 2023 Outlook ~16% 120 bps2 Mid-teens growth in Spain and Centr
Slide 5: Merchant Solutions revenue and volume trends
Merchant Solutions revenue and volume trends 2021 20221 20231 Growth YoY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q Merchant Solutions Adj. 4% 42% 21% 21% 21% 17% 15%2 11%2 9%2 13%2 11%2 19%2 20%2 Net Revenue Volume 10% 42% 22% 24% 24% 20% 15%2 11%2 9%2 13%2 10%2 20%2 21%2 1 2022 and 2023 adjusted net r
Slide 6: Issuer Solutions
Issuer Solutions Adjusted Adjusted 3Q 2023 Highlights Net Revenue Operating Margin 6% core Issuer growth 2 3Q 2023 $520M 47.5% +6% +110 bps 20% growth in MineralTree mid-market channel 2023 +5-6% +up to Outlook 120 bps1 60M+ increase in traditional accounts on file 1 Total company adjusted operating
Slide 7: 2023 outlook
2023 outlook Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $8.660B to up to $10.39 to $8.735B 120 bps of $10.45 expansion +7% to +8% +~11% to +12% ~100% Adjusted Free Cash Flow Conversion1 1 Adjusted free cash flow estimated at 100% of adjusted net income; excludes timing impact of real
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures Global Payments supplements revenues, income, operating income , operating margin, earnings per share (EPS) and net operating cash flows determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial meas
Slide 9: Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited)
Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended September 30, 2
Slide 10: Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income
Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa
Slide 11: Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income
Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa
Slide 12: Reconciliation of Non-GAAP Financial Measures - 2023 Outlook Summary (unaudited)
Reconciliation of Non-GAAP Financial Measures - 2023 Outlook Summary (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also included adjustments t