Priority Technology Holdings, Inc. · NASDAQ:PRTH
Priority Technology — Roth Conference 2021
20 slides from Priority Technology's conference presentation, Mar 10, 2021
Slide 1: Roth Conference March 15, 2021
Roth Conference March 15, 2021 P R IO R IT Y T E C H N O L O G Y H O L D IN G S
Slide 2: Disclaimer
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Disclaimer 2 Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but a
Slide 3: Priority Overview
P R IO R IT Y T E C H N O L O G Y H O L D IN G S 88.0% 78.9% 81.2% 10.8% 10.2% 9.0% 1.1% 10.9% 9.8%$107 $119 $127 Consumer Commercial Integrated Priority is a leading provider of merchant acquiring and commercial payment solutions. The Company leverages a proprietary payment infrastructure purpose-b
Slide 4: Investment Highlights
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Investment Highlights Large Market Opportunity with Strong Tailwinds • Electronic consumer payment volume expected to grow at a 7% 10-year CAGR, as consumers increasingly use cards over paper-based payments and global eCommerce continues to accelerate
Slide 5: Finxera Acquisition
FINXERA ACQUISITION P R IO R IT Y T E C H N O L O G Y H O L D IN G S
Slide 6: Priority Key Highlights
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Priority Key Highlights 6 ~75% % Integrated Revenue ~$130M 2021 Pro Forma Adjusted EBITDA ~15% Organic Pro Forma Net Revenue Growth ~25% Pro Forma Adjusted EBITDA Margins ~$540M 2021 Pro Forma Net Revenue 650+ Employees ~15% Pro Forma Adjusted EBITDA
Slide 7: Strategic Rationale
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Strategic Rationale 7 PayFac and Banking-as-a-Service Capabilities • Scalable payment aggregation and sub-ledger system • Deposit and e-wallet account solutions coupled with robust compliance and money transmission capabilities opens up fintech / neob
Slide 8: Priority Business Overview
P R IO R IT Y T E C H N O L O G Y H O L D IN G S MX Platform Storefront Medical Insights Invoice Retail Connect Consumer Payments Full-service payment processing and payment- enabled solutions for B2C transactions Platform for merchants and resellers to run their business more efficiently Integrated
Slide 9: Finxera | Leading Banking-as-a-Service Platform
P R IO R IT Y T E C H N O L O G Y H O L D IN G S ✓ Account administration and ledgering 9 Finxera | Leading Banking-as-a-Service Platform Finxera provides differentiated digital banking, account management, and regulatory / compliance services • API-driven platform that facilitates account creation,
Slide 10: Transforming Digital Payments and Banking
P R IO R IT Y T E C H N O L O G Y H O L D IN G S A single operational support platform that operates at scale Transforming Digital Payments and Banking 10 Priority and Finxera’s combined resources deliver a complete infrastructure platform that serves, supports and monetizes payment networks ✓Paymen
Slide 11: Revenue Segments
REVENUE SEGMENTS P R IO R IT Y T E C H N O L O G Y H O L D IN G S
Slide 12: Consumer Payments
P R IO R IT Y T E C H N O L O G Y H O L D IN G S MX ConnectMX Merchant The Consumer Payments segment provides full-service payment processing and payment-enabled solutions for B2C transactions, leveraging Priority’s proprietary MX platform Consumer Payments 5th Largest Us Non-bank Acquirer 219K+ Tot
Slide 13: Commercial Payments segment builds momentum
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Priority’s Commercial Payments segment continues to build momentum as Priority penetrates the $130 trillion B2B payments market Overview Consists of Priority’s accounts payable automation and integrated payments platform, CPX and other managed service
Slide 14: The Priority Advantage
P R IO R IT Y T E C H N O L O G Y H O L D IN G S The Priority Advantage Fully Integrated Payments vCard/ACH/Checks vCard: BIP/SIP/Ghost Early Pay Dynamic Discounting Split Payments Payment Approval Workflow API’s & Open Architecture Automated Supplier Enrollments Buyer/Supplier-Centric Networks Plug
Slide 15: Integrated Partners segment opportunity
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Priority’s Integrated Partners segment is executing on a significant opportunity to capitalize on the convergence of software and payments, leveraging its payment infrastructure-as-a-service platform Overview Priority’s Integrated Partners segment con
Slide 16: Integrated Partners – Payment IaaS
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Integrated Partners – Payment IaaS Priority Real Estate Technology Priority Healthcare Solutions Priority Hospitality Tech Provides Payment Integration & Infrastructure for Operations and Development Focus on Product UI & Sales Provides Business & Ope
Slide 17: Financial Overview
FINANCIAL OVERVIEW P R IO R IT Y T E C H N O L O G Y H O L D IN G S
Slide 18: Consolidated Net Revenue & Adj. EBITDA
P R IO R IT Y T E C H N O L O G Y H O L D IN G S $26 $49 $59 $70 13% 16% 17% Margin % Net Revenue Adj. EBITDA(1) ($mm) Consolidated Net Revenue & Adj. EBITDA = Legacy e-Commerce (1) Adj. EBITDA is EBITDA adjusted for non-recurring expenses and stock-based compensation. (2) 2019 and 2020 includes Ren
Slide 19: Results With and Without RentPayment
P R IO R IT Y T E C H N O L O G Y H O L D IN G S Years Ended December 31, 2020 and 2019 Results With and Without RentPayment 19 Consolidated RentPayment (RP) Without (RP) Consolidated RentPayment (RP) Without (RP) Revenues $ 404,342 $ 12,042 $ 392,300 $ 371,854 $ 11,694 $ 360,160 Operating Expenses:
Slide 20: Contact: Dave Faupel
C o n t a c t : D a v e F a u p e l C h i e f M a r k e t i n g O f f i c e r D a v e . F a u p e l @ P RT H . c o m P R IO R IT Y T E C H N O L O G Y H O L D IN G S