Global Payments Inc. · NYSE:GPN
Global Payments — Q3 2024 Earnings Presentation
12 slides from Global Payments's earnings presentation, Oct 30, 2024
Slide 1: 3Q 2024 Earnings
3Q 2024 Earnings October 30, 2024
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain 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
Slide 3: 3Q 2024 highlights
Delivered solid financial and operational performance Reached agreement to sell AdvancedMD for total purchase price of $1.125B 3Q 2024 Entered into $600M accelerated share repurchase program Produced strong adjusted free cash flow with 92% conversion rate highlights Reduced net leverage by nearly a qu
Slide 4: 3Q 2024 financial performance
3Q 2024 financial performance Adjusted net Adjusted Adjusted revenue growth operating margin EPS $2.4B 46.1% $3.08 +6% +40 bps +12% See appendix for information regarding non-GAAP financial measures. 4 Comparisons are to 3Q 2023 unless otherwise noted.
Slide 5: Segment financial performance and outlook
Segment financial performance and outlook Merchant Issuer Solutions Solutions 3Q 2024 3Q 2024 Adjusted net revenue Adjusted operating margin Adjusted net revenue Adjusted operating margin $1.8B +7% 50.0% +90 bps $529M +2% 45.4% -210 bps 2024 outlook 2024 outlook Adjusted net revenue Adjusted operatin
Slide 6: 3Q 2024 key metrics
3Q 2024 key metrics MERCHANT ISSUER POS & Integrated & Core Issuer Software Embedded Payments Solutions Adj. net revenue Low-double-digit High-single-digit Mid-single-digit Low-single-digit growth1 Bookings New POS New ARR2 New partners New ARR2 New partners Traditional accounts growth locations on
Slide 7: 2024 outlook
2024 outlook Adjusted net revenue1 $9.17B to $9.30B +6% to +7% Adjusted operating margin ~100% up to 50 bps of expansion Adjusted Free Cash Flow Conversion2 Adjusted EPS growth $11.54 to $11.70 +11% to +12% 1 Adjusted net revenue outlook excludes the disposition of AdvancedMD. 2 Adjusted free cash fl
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures Global Payments supplements revenues, operating income, operating margin, 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 measures) in this document to assi
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, 202
Slide 10: Reconciliation: 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 company
Slide 11: Reconciliation: Adjusted Free Cash Flow (unaudited)
Reconciliation of Non-GAAP Financial Measures Adjusted Free Cash Flow (unaudited) (1) Includes certain cash payments related to the business transformation and reorganization activities. 11
Slide 12: Reconciliation: 2024 Outlook Summary (unaudited)
Reconciliation of Non-GAAP Financial Measures 2024 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 to