Global Payments Inc. · NYSE:GPN

Global Payments — Q2 2023 Earnings Presentation

13 slides from Global Payments's earnings presentation, Aug 1, 2023

  1. Slide 1: 2Q 2023 Earnings

    2Q 2023 Earnings 8/1/2023 Innovation that delivers. COPYRIGHT GLOBAL PAYMENTS 2023 ALL RIGHTS RESERVED

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections ab

  3. Slide 3: Outstanding performance 2Q 2023

    Outstanding performance 2Q 2023 Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $2.20B 44.8% $2.62 +7% +100 bps +11% +15% excluding +15% excluding dispositions dispositions See appendix for information regarding non-GAAP financial measures. Comparisons are to 2Q22 unless otherwise noted.

  4. Slide 4: Merchant Solutions

    Merchant Solutions Adjusted Adjusted 2Q 2023 Highlights Net Revenue Operating Margin 9%+ Adjusted net revenue 2Q 2023 $1.68B 48.5% growth ex. EVO & dispositions +17% -170 bps1 Double-digit Vertical Markets growth +up to Mid-teens Integrated 2023 Outlook ~16% growth and record new sales 120 bps2 20%+

  5. Slide 5: Merchant Solutions revenue and volume trends

    Merchant Solutions revenue and volume trends 2021 20221 20231 Growth YoY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q Merchant Solutions Adj. 4% 42% 21% 21% 21% 17% 15%2 11%2 9%2 13%2 11%2 19%2 Net Revenue Volume 10% 42% 22% 24% 24% 20% 15%2 11%2 9%2 13%2 10%2 20%2 1 2022 and 2023 adjusted net revenue growth

  6. Slide 6: Issuer Solutions

    Issuer Solutions Adjusted Adjusted 2Q 2023 Highlights Net Revenue Operating Margin 5% Core Issuer constant 2Q 2023 $505M 46.7% currency growth1,3 +5% constant +300 bps currency1 17% Commercial card transactions growth 2023 +5-6% +up to 8% Traditional accounts Outlook 120 bps2 on file growth 1 Adjuste

  7. Slide 7: 2023 outlook

    2023 outlook Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $8.660B to up to $10.35 to $8.735B 120 bps of $10.44 expansion +7% to +8% +11% to +12% ~100% Adjusted Free Cash Flow Conversion1 1 Adjusted free cash flow estimated at 100% of adjusted net income; excludes timing impact of reali

  8. Slide 8: Appendix

    Appendix COPYRIGHT GLOBAL PAYMENTS 2023 ALL RIGHTS RESERVED 8

  9. Slide 9: Non-GAAP Financial Measures

    Non-GAAP Financial Measures Global Payments supplements revenues, income, operating income , operating margin, earnings per share (EPS) and net operating cash flows determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial meas

  10. Slide 10: Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited)

    Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended June 30, 2023 a

  11. Slide 11: Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income

    Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa

  12. Slide 12: Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income

    Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa

  13. Slide 13: Reconciliation of Non-GAAP Financial Measures - 2023 Outlook Summary (unaudited)

    Reconciliation of Non-GAAP Financial Measures - 2023 Outlook Summary (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also included adjustments t

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