Paymentus Holdings, Inc. · NYSE:PAY
Paymentus — Q4 2023 Earnings Presentation
14 slides from Paymentus's earnings presentation, Mar 4, 2024
Slide 1: Fourth Quarter 2023 Earnings Conference Call
March 4 TH , 2024 FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL DUSHYANT SHARMA SANJAY KALRA President & CEO CFO
Slide 2: Disclaimer
EARNINGS REPORT DISCLAIMER This presentation and the accompanying webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such statements, other than statements of historical facts, are forward-looking statements. Generally, you can
Slide 3: Q4 2023 Financial Highlights
EARNINGS REPORT Q4 2023 FINANCIAL HIGHLIGHTS FINANCIAL METRIC Q4 2023 YoY GROWTH % ($ MILLIONS) REVENUE $164.8 24.7% CONTRIBUTION PROFIT(1) $66.3 22.7% ADJUSTED EBITDA(1) $19.9 95.4% 1 Non-GAAP financial measures: For definitions, reconciliation to the nearest GAAP measures and additional informatio
Slide 4: Key Q4 Accomplishments
EARNINGS REPORT KEY Q4 ACCOMPLISHMENTS § Another quarter of excellent results with strong growth in revenue, contribution profit and adjusted EDITDA § Demand remains solid with strong backlog at quarter end, providing good forward visibility into 2024 § Signed new clients in our insurance, utilities
Slide 5: Q4 2023 vs Q4 2022 Performance
EARNINGS REPORT Q4 2023 Vs Q4 2022 PERFORMANCE FINANCIAL METRIC Q4 2023 Q4 2022 CHANGE CHANGE % ($ Millions | except EPS) TRANSACTIONS 124.8 97.2 27.6 28.4% REVENUE $164.8 $132.2 $32.6 24.7% CONTRIBUTION PROFIT(1) $66.3 $54.1 $12.2 22.7% CONTRIBUTION PROFIT %(1) 40.3% 40.9% - (0.60)% ADJUSTED GROSS
Slide 6: 2023 vs 2022 Performance
EARNINGS REPORT 2023 Vs 2022 PERFORMANCE FINANCIAL METRIC 2023 2022 CHANGE CHANGE % ($ Millions | except EPS) TRANSACTIONS 458.2 366.8 $91.4 24.9% REVENUE $614.5 $497.0 $117.5 23.6% CONTRIBUTION PROFIT(1) $240.9 $201.3 $39.6 19.7% CONTRIBUTION PROFIT %(1) 39.2% 40.5% - (1.3)% ADJUSTED GROSS PROFIT(1
Slide 7: Q4 2023 Additional Financial Data
EARNINGS REPORT Q4 2023 ADDITIONAL FINANCIAL DATA FINANCIAL METRIC Q4 2023 Q3 2023 CHANGE CHANGE % ($ Millions) CASH AND CASH EQUIVALENTS $183.2 $166.9 $16.3 9.8% FREE CASH FLOW(1) $16.0 $4.3 $11.7 272.1% LONG TERM DEBT - - - - DAYS SALES OUTSTANDING 43 45 (2) (4.4)% WORKING CAPITAL $207.6 $196.1 $1
Slide 8: Q1 2024 & FY 2024 Financial Guidance
EARNINGS REPORT Q1 2024 & FY 2024 FINANCIAL GUIDANCE FINANCIAL METRIC Q1 2024 2024 ($ MILLIONS) GUIDANCE GUIDANCE REVENUE $170 - $176 $720 - $744 CONTRIBUTION PROFIT(1) $64 - $66 $274 - $288 ADJUSTED EBITDA(1) $15 - $17 $65 - $75 1 Contribution profit and adjusted EBITDA are non-GAAP financial measu
Slide 9: Paymentus Q4 2023 Earnings Report
PAYMENTUS Q4 2023 EARNINGS REPORT
Slide 10: Use and Definitions of Non-GAAP Measures
EARNINGS REPORT USE AND DEFINITIONS OF NON-GAAP MEASURES In addition to disclosing financial measures in accordance with accounting principles generally accepted in the United States, or GAAP, this presentation contains certain non-GAAP financial measures set forth below. We use non-GAAP measures to
Slide 11: Contribution Profit, Adjusted Gross Profit
EARNINGS REPORT CONTRIBUTION PROFIT ADJUSTED GROSS PROFIT © 2024 | PROPRIETARY & CONFIDENTIAL | 11
Slide 12: Adjusted EBITDA and Non-GAAP Net Income and EPS
EARNINGS REPORT ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN NON-GAAP NET INCOME AND NON GAAP EPS © 2024 | PROPRIETARY & CONFIDENTIAL | 12
Slide 13: Non-GAAP Operating Expense, Free Cash Flow
EARNINGS REPORT NON-GAAP OPERATING EXPENSE FREE CASH FLOW © 2024 | PROPRIETARY & CONFIDENTIAL | 13
Slide 14: Dushyant Sharma, Sanjay Kalra
DUSHYANT SHARMA SANJAY KALRA President & CEO CFO EMAIL: ir@paymentus.com Website: ir.paymentus.com @PAYMENTUSCORP PAYMENTUS PAYMENTUS PAYMENTUSCORPORATION @PAYMENTUSCORPORATION