I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2021 Earnings Presentation
10 slides from I3 Verticals's earnings presentation, Aug 10, 2021
Slide 1: Q3 Fiscal 2021 Supplemental Information
Q3 Fiscal 2021 Supplemental Information
Slide 2: Q3 Fiscal 2021 GAAP Measures
2 Q3 Fiscal 2021 GAAP Measures ($ in thousands) Three months ended June 30, 2021 Three months ended June 30, 2020(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 5,518 $ 1,940 $ (9,458)
Slide 3: Q3 QTD Fiscal 2021 Segment Performance
3 Q3 QTD Fiscal 2021 Segment Performance(1) ($ in thousands) Three months ended June 30, Period over period growth2021 2020(4) Revenue(2) (excludes Acquisition Revenue Adjustments) Merchant Services, excluding Purchased Portfolios $ 29,103 $ 21,367 36% Purchased Portfolios 809 855 (5)% Merchant Serv
Slide 4: Q3 YTD Fiscal 2021 Segment Performance
4 Q3 YTD Fiscal 2021 Segment Performance(1) ($ in thousands) Nine months ended June 30, Period over period growth2021 2020(4) Revenue(2) (excludes Acquisition Revenue Adjustments) Merchant Services, excluding Purchased Portfolios $ 78,362 $ 72,968 7% Purchased Portfolios 2,512 3,222 (22)% Merchant S
Slide 5: Acquisition Revenue Adjustments
5 Acquisition Revenue Adjustments Under GAAP, companies must adjust, as necessary, beginning balances of acquired deferred revenue to fair value as part of acquisition accounting as defined by GAAP. In previous quarterly supplemental information reports we have included in our reported adjusted net
Slide 6: Three Months Reconciliation of GAAP to Non-GAAP Measures
6 ($ in thousands) Three months ended June 30, 2021 Three months ended June 30, 2020(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 5,518 $ 1,940 $ (9,458) $ (2,000) $ 4,975 $ 1,265 $
Slide 7: Reconciliation footnotes
7 Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroa
Slide 8: Nine Months Reconciliation of GAAP to Non-GAAP Measures
8 ($ in thousands) Nine months ended June 30, 2021 Nine months ended June 30, 2020(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 14,850 $ 6,698 $ (25,994) $ (4,446) $ 18,381 $ 5,975 $
Slide 9: Reconciliation footnotes
9 Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroa
Slide 10: Reconciliation Between GAAP Debt and Covenant Debt
10 Reconciliation Between GAAP Debt and Covenant Debt ($ in millions) As of June 30, 2021 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 117.8 Exchangeable Notes 98.7 Debt issuance costs, net (3.8) Total long-term debt, net of issuance costs $ 212.7 Non-GAAP Adjustment