I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2019 Earnings Presentation
17 slides from I3 Verticals's earnings presentation, Aug 8, 2019
Slide 1: Q3 Fiscal 2019 Supplemental Segment Information
Q3 Fiscal 2019 Supplemental Segment Information
Slide 2: Q3 YTD Fiscal 2019 Segment Performance
Q3 YTD Fiscal 2019 Segment Performance(1) ($ in thousands) Nine months ended June 30, Period over 2019 2018 period growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 67,647 $ 62,442 8% Purchased Portfolios 4,965 7,217 (31)% Merchant Services 72,612 69,659 4% Proprieta
Slide 3: Reconciliation of Revenue to Non-GAAP Adjusted Net Revenue (Nine Months)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Nine Months Ended June 30, 2019 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 241,841 $ 25,904 $ — $ 267,745 Acquisition rev
Slide 4: Reconciliation of Income from Operations to Non-GAAP Adjusted EBITDA (Nine Months)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Nine Months Ended June 30, 2019 Nine Months Ended June 30, 2018 Proprietary Proprietary Merchan
Slide 5: Reconciliation footnotes
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima
Slide 6: Q3 QTD Fiscal 2019 Segment Performance
Q3 QTD Fiscal 2019 Segment Performance(1) ($ in thousands) Three months ended June 30, Period over 2019 2018 period growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 24,133 $ 23,025 5% Purchased Portfolios 1,387 2,068 (33)% Merchant Services 25,520 25,093 2% Propriet
Slide 7: Reconciliation of Revenue to Non-GAAP Adjusted Net Revenue (Q3)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Three Months Ended June 30, 2019 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 87,264 $ 10,219 $ — $ 97,483 Acquisition reve
Slide 8: Reconciliation of Income from Operations to Non-GAAP Adjusted EBITDA (Q3)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Proprietary Proprietary Merch
Slide 9: Reconciliation footnotes
Reconciliation of Non-GAAP Financial Measures 1. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balance
Slide 10: Q2 Fiscal 2019 Segment Performance
Q2 Fiscal 2019 Segment Performance(1) ($ in thousands) Three months ended March 31, Period over 2019 2018 period growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 22,213 $ 20,629 8% Purchased Portfolios 1,541 2,305 (33)% Merchant Services 23,754 22,934 4% Proprietary
Slide 11: Reconciliation of Revenue to Non-GAAP Adjusted Net Revenue (Q2)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Three Months Ended March 31, 2019 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 76,875 $ 8,519 $ — $ 85,394 Acquisition reve
Slide 12: Reconciliation of Income from Operations to Non-GAAP Adjusted EBITDA (Q2)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Proprietary Proprietary Mer
Slide 13: Reconciliation footnotes
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima
Slide 14: Q1 Fiscal 2019 Segment Performance
Q1 Fiscal 2019 Segment Performance(1) ($ in thousands) Three months ended December 31, Period over 2018 2017 period growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 21,301 $ 18,788 13% Purchased Portfolios 2,037 2,844 (28)% Merchant Services 23,338 21,632 8% Proprie
Slide 15: Reconciliation of Revenue to Non-GAAP Adjusted Net Revenue (Q1)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Three Months Ended December 31, 2018 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 77,702 $ 7,166 $ — $ 84,868 Acquisition r
Slide 16: Reconciliation of Income from Operations to Non-GAAP Adjusted EBITDA (Q1)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three Months Ended December 31, 2018 Three Months Ended December 31, 2017 Proprietary Proprieta
Slide 17: Reconciliation footnotes
Reconciliation of Non-GAAP Financial Measures 1. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balance