Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q3 2021 Earnings Presentation
15 slides from Cpi Card's earnings presentation, Nov 5, 2021
Slide 1: Investor Presentation Third Quarter 2021
Investor Presentation Third Quarter 2021 November 5, 2021
Slide 2: Forward Looking Statements
2 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 Securities Litigation Reform A
Slide 3: Agenda
3 Agenda 1 2 3 Business Update Financial Review Summary 4 Vision and Strategic Priorities
Slide 4: Business Update: 3Q21 Highlights
4 Business Update 3Q21 Highlights • Net sales increased 20% to $100 million • Strong net sales contributions from the ongoing conversion to contactless cards, Card@Once® instant issuance, CPI On- Demand®, and Prepaid Debit • Net income of $6.6 million and diluted EPS of $0.56 per share • Adjusted EB
Slide 5: Vision and Strategic Priorities
5 Deep Customer Focus Market- Leading Quality Products Continuous Innovation Market Competitive Business Model Vision and Strategic Priorities • Enhanced position as a top secure card and personalization provider in the U.S. • Produced innovative solutions with CPI-On- Demand®, Card@Once® instant is
Slide 6: Financial Review
6 Financial Review The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 7: Third Quarter Financial Highlights
7 Third Quarter Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. See “Non-GAAP Financial Measures” at the end of this document for more information and reconciliations to the most directly comparable GA
Slide 8: Year to Date Financial Highlights
8 Year to Date Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. See “Non-GAAP Financial Measures” at the end of this document for more information and reconciliations to the most directly comparable GAA
Slide 9: Financial Highlights – Segments
9 $15.4 $23.1 $7.8 $8.5 $37.9 $60.9 $14.7 $20.5 $48.7 $63.3 $20.6 $23.5 $180.9 $218.8 $62.7 $76.1 Financial Highlights – Segments Debit and Credit 3Q Net Sales & Operating Income YTD Net Sales & Operating Income 3Q Net Sales & Operating Income YTD Net Sales & Operating Income Prepaid Debit ($ in mil
Slide 10: Balance Sheet, Liquidity, Net Leverage and Cash Flow
10 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 Measure, see “Supplemental Financial Measures” at the end of this document for more information. “Total Debt” includ
Slide 11: Summary
11 Summary • Strong third quarter results, with net sales growth across our portfolio • Business has been resilient throughout pandemic; organization adapting and responding to supply-chain and labor shortage challenges • Company expects fourth quarter results not to be as strong as the first nine m
Slide 12: Contact
12 Contact www.cpicardgroup.com (877) 369-9016 InvestorRelations@cpicardgroup.com
Slide 13: Reconciliations of Non-GAAP Financial Measures: Adjusted EBITDA
13 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 EBITDA
Slide 14: Reconciliations of Non-GAAP Financial Measures: LTM Adjusted EBITDA
14 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) expense relating to a contingent liability due to historical activity in certain states
Slide 15: Supplemental Financial Measures: Net Leverage Ratio
15 Supplemental Financial Measures Net Leverage Ratio Management and various investors use the ratio of total debt, 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 decisions and evalu