Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q4 2021 Earnings Presentation
15 slides from Cpi Card's earnings presentation, Mar 8, 2022
Slide 1: Investor Presentation Fourth Quarter 2021
Investor Presentation Fourth Quarter 2021 March 8 , 2022 The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 2: Cautionary Statements
2 Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward - looking statements” within the meaning of the Private Securi
Slide 3: Agenda
3 Agenda 1 Business Update 3 Financial Review Summary 4 2 2022 Expectations and Capital Allocation
Slide 4: Business Update: 2021 Highlights
4 Strong full - year performance ▪ Net sales increased 20% to $375 million ▪ Net income of $16 million; Adjusted EBITDA¹ of $76 million Commitment to innovative, quality products and customer service continues to drive business results ▪ Strong sales from new customers ▪ Success serving contactless
Slide 5: 2022 Expectations and Capital Allocation
5 2022 Expectations and Capital Allocation The Company expects mid - single digit net sales and Adjusted EBITDA growth in 2022 ▪ Strong growth expected from Debit and Credit segment, partially offset by expected declines in Prepaid Debit segment due to comparisons with record year in 2021, which was
Slide 6: Financial Review
6 Financial Review
Slide 7: Fourth Quarter Financial Highlights
7 Fourth Quarter Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. Se e “Reconciliations of Non - GAAP Financial Measures” at the end of this document for more information and reconciliations to the most
Slide 8: Full-Year Financial Highlights
8 Full - Year Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. Se e “Reconciliations of Non - GAAP Financial Measures” at the end of this document for more information and reconciliations to the most di
Slide 9: Financial Highlights – Segments
9 $4.6 $3.9 $19.9 $26.9 $54.8 $79.5 $16.9 $18.6 $63.6 $79.2 $14.9 $15.9 $250.4 $296.2 $69.6 $77.4 Financial Highlights – Segments Debit and Credit 4 Q Net Sales & Operating Income FY Net Sales & Operating Income 4 Q Net Sales & Operating Income FY Net Sales & Operating Income Prepaid Debit ($ in mil
Slide 10: Balance Sheet, Liquidity, Net Leverage and Cash Flow
10 Balance Sheet, Liquidity, Net Leverage and Cash Flow 1) “Available Liquidity” is cash plus borrowing available on our ABL Revolver. “Net Leverage Ratio” is a Supplemental Financial Mea sure, see “Supplemental Financial Measures” at the end of this document for more information. “Total Debt” inclu
Slide 11: Summary
11 Summary ▪ Strong performance in 2021, with growth across portfolio ▪ Fourth consecutive year of strong sales and Adjusted EBITDA growth, with significant estimated market share gains over that period ▪ Fourth quarter impacted by previously noted cost increases and certain large expense items ▪ Mi
Slide 12: Contact
Contact www.cpicardgroup.com (877) 369 - 9016 InvestorRelations@cpicardgroup.com
Slide 13: Reconciliations of Non-GAAP Financial Measures: Adjusted EBITDA
13 Reconciliations of Non - GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin EBITDA represents earnings before interest, taxes, depreciation and amortization, all on a continuing operations basis. Adjusted EBITDA is presented on a continuing operations basis and is defined as EBITD
Slide 14: Reconciliations of Non-GAAP Financial Measures: LTM Adjusted EBITDA
14 Reconciliations of Non - GAAP Financial Measures LTM Adjusted EBITDA We define LTM Adjusted EBITDA as Adjusted EBITDA (defined previously) for the last twelve months. (1) Represents estimated sales tax (benefit) expense relating to a contingent liability due to historical activity in certain stat
Slide 15: Supplemental Financial Measures: Net Leverage Ratio
15 Supplemental Financial Measures Net Leverage Ratio Management and various investors use the ratio of debt principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net Leverage Ratio,” as a measure of our financial strength when making key investment dec