I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2020 Earnings Presentation
11 slides from I3 Verticals's earnings presentation, Aug 10, 2020
Slide 1: Q3 Fiscal 2020 Supplemental Information
Q3 Fiscal 2020 Supplemental Information
Slide 2: Q3 Fiscal 2020 Segment Performance (Three Months)
Q3 Fiscal 2020 Segment Performance(1) ($ in thousands) Three months ended June 30, Period over period 2020 2019 growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 20,676 $ 24,133 (14)% Purchased Portfolios 855 1,387 (38)% Merchant Services 21,531 25,520 (16)% Propriet
Slide 3: Q3 Fiscal 2020 Segment Performance (Nine Months)
Q3 Fiscal 2020 Segment Performance(1) ($ in thousands) Nine months ended June 30, Period over period 2020 2019 growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 70,792 $ 67,647 5% Purchased Portfolios 3,222 4,965 (35)% Merchant Services 74,014 72,612 2% Proprietary S
Slide 4: Reconciliation of revenue to non-GAAP adjusted net revenue (three months)
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, 2020 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 21,531 $ 10,458 $ (416) $ 31,573 Acquisition
Slide 5: 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, 2020 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 74,014 $ 39,205 $ (1,357) $ 111,862 Acquisitio
Slide 6: Reconciliation of income from operations to non-GAAP adjusted EBITDA (three 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) Three months ended June 30, 2020 Three months ended June 30, 2019 Proprietary Proprietary Merch
Slide 7: Footnotes to non-GAAP reconciliation (three months)
Reconciliation of Non-GAAP Financial Measures 1. Financing-related expenses includes expenses directly related to certain transactions as part of financing transactions. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash conside
Slide 8: 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, 2020 Nine months ended June 30, 2019 Proprietary Proprietary Merchan
Slide 9: Footnotes to non-GAAP reconciliation (nine months)
Reconciliation of Non-GAAP Financial Measures 1. Financing-related expenses includes expenses directly related to certain transactions as part of financing transactions. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash conside
Slide 10: Reconciliation Between GAAP Debt and Covenant Debt
Reconciliation Between GAAP Debt and Covenant Debt The reconciliation of our GAAP Long-term debt, net of issuance costs and the debt balance used in our Total Leverage Ratio: ($ in millions) As of June 30, 2020 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 35.0 Exchan
Slide 11: Payment Volumes Quickly Recovering from COVID-19 Lows
Payment Volumes Quickly Recovering from COVID-19 Lows Consolidated Average Daily Payments Volume(1) ($ in millions) Average daily payments volume for the week ending February 8th through the week ending August 8th (47%) +82% $39.3 $37.3 $36.1 $35.2 $34.7 $33.8 $31.7 $31.5 $32.0 $31.8 $31.3 $30.2 $30