Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q1 2022 Earnings Presentation
14 slides from Cpi Card's earnings presentation, May 5, 2022
Slide 1: Investor Presentation First Quarter 2022
Investor Presentation First Quarter 2022 May 5 , 2022 The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 2: Cautionary Statements
2 Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward - looking statements” within the meaning of the Private Securi
Slide 3: Agenda
3 Agenda 1 First Quarter Highlights and 2022 Expectations 3 Financial Review Summary 4 2 Strategy Review
Slide 4: First Quarter Highlights and 2022 Expectations
4 First Quarter Highlights and 2022 Expectations Strong Sales Growth Drives Performance ▪ Net Sales increased 25% to $111.4 million ▪ Net Income increased 149% to $6 million; Adjusted EBITDA¹ increased 2% to $22.5 million First Quarter Highlights 2022 Full - Year Expectations 1) Adjusted EBITDA and
Slide 5: Strategy Review: Key Strategic Priorities
5 ▪ Deep Customer Focus ▪ Market - Leading Quality Products and Customer Service ▪ Continuous Innovation ▪ Market - Competitive Business Model Strategy Review Key Strategic Priorities The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission
Slide 6: Financial Review
6 Financial Review
Slide 7: First Quarter Financial Highlights
7 First Quarter Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. Se e “Reconciliations of Non - GAAP Financial Measures” at the end of this document for more information and reconciliations to the most
Slide 8: Financial Highlights – Segments
8 Financial Highlights – Segments ($ in millions) 21.9% 26.8% 34.0% $7.0 $6.0 Debit and Credit Q1 Net Sales & Operating Income Q1 Net Sales & Operating Income Prepaid Debit 28.9 % 26.2% Net Sales Operating Income & Margin 36.1% 30.7 % Net Sales Operating Income & Margin 20 21 2022 20 21 2022 20 21 2
Slide 9: Balance Sheet, Liquidity, Net Leverage and Cash Flow
9 Balance Sheet, Liquidity, Net Leverage and Cash Flow 1) “Available Liquidity” is cash plus borrowing available on our ABL Revolver. “Net Leverage Ratio” is a Supplemental Financial Mea sure, see “Supplemental Financial Measures” at the end of this document for more information. “Total Debt” includ
Slide 10: Summary
10 Summary ▪ Strong sales start to 2022, led by Debit and Credit Segment ▪ Inflation continues to impact costs, but margin improvement vs. Q4 of 2021 ▪ Full - year 2022 outlook updated to reflect low double - digit sales growth and mid - to - high single - digit Adjusted EBITDA growth ▪ Strategy del
Slide 11: Contact
Contact www.cpicardgroup.com (877) 369 - 9016 InvestorRelations@cpicardgroup.com The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 12: Reconciliations of Non-GAAP Financial Measures: Adjusted EBITDA
12 Reconciliations of Non - GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin EBITDA represents earnings before interest, taxes, depreciation and amortization, all on a continuing operations basis. Adjusted EBITDA is presented on a continuing operations basis and is defined as EBITD
Slide 13: Reconciliations of Non-GAAP Financial Measures: LTM Adjusted EBITDA
13 Reconciliations of Non - GAAP Financial Measures LTM Adjusted EBITDA We define LTM Adjusted EBITDA as Adjusted EBITDA (defined previously) for the last twelve months. (1) Represents estimated sales tax benefit relating to a contingent liability due to historical activity in certain states where i
Slide 14: Supplemental Financial Measures: Net Leverage Ratio
14 Supplemental Financial Measures Net Leverage Ratio Management and various investors use the ratio of debt principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net Leverage Ratio,” as a measure of our financial strength when making key investment dec