Slide 1: First Quarter Earnings Conference Call
First Quarter Earnings Conference call May 7, 2025
Slide 2: Forward looking statements
Foward looking statements Certain statements in this presentation constitute “forward-looking statements” within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisio
Slide 3: Business Summary
Business Summary Mac Schuessler, President and CEO
Slide 4: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Total Revenue $228.8 million, 11% growth and 15% growth increase constant currency Strong Adjusted EBITDA $89.4 million, 14% increase Results Adjusted EBITDA margin of 39.1% Adjusted EPS $0.87, 21% increase Delivered operating cash flow of approximately $37.6 m
Slide 5: Puerto Rico Update
Puerto Rico Update Merchant Acquiring grew 11% YoY, driven by an improved spread and increased sales volume Segments Payments PR grew 4% YoY, driven by strength in ATH Movil Business and higher POS transaction volume performance Update Business Solutions grew 13% YoY driven by completed projec
Slide 6: Latin America Update
Latin America Update Revenue grew 13% YoY, 22% growth on a constant currency basis Segment Double digit organic growth driven by GetNet Chile relationship and reacceleration in Brazil due Update to repricing and product modernization efforts Increase also reflects the contribution from the Gra
Slide 7: Financial Summary
Financial Summary Joaquin Castrillo, Chief Financial Officer
Slide 8: Consolidated Results Q1 2025
Consolidated Results Q1 2025 (in USD mm, except per share) Q1 2025 Y-o-Y % Revenue $228.8 11% Adjusted EBITDA (1) $89.4 14% Adj. EBITDA margin 39.1% 100bps Adjusted Net Income (1) $56.3 17% Adjusted EPS (1) $0.87 21% The increase in revenue reflects strong organic growth across all of the Company’
Slide 9: Merchant acquiring Q1 2025
Merchant acquiring Q1 2025 (in USD mm) Q1 2025 Y-o-Y % Revenue $47.6 11% Adjusted EBITDA(1) $20.4 26% Adj. EBITDA margin 42.7% 510bps Increase in revenue driven by an improved spread, partially due to tailwind from pricing actions, card mix, and higher sales volume. The margin increase is attrib
Slide 10: Payment Services, PR and Caribbean Q1 2025
Payment Services, PR and Caribbean Q1 2025 (in USD mm) Q1 2025 Y-o-Y % Revenue $55.2 4% Adjusted EBITDA(1) $31.4 4% Adj. EBITDA margin 57.0% -20bps Increase in revenue primarily driven by growth in ATH Movil Business and 4% POS transaction growth, partially offset by a decrease in services provide
Slide 11: Latin America Payments and Solutions Q1 2025
Latin America Payments and Solutions Q1 2025 (in USD mm) Q1 2025 Y-o-Y % Revenue $83.8 13% Adjusted EBITDA(1) $24.9 53% Adj. EBITDA margin 29.7% 780bps Revenue increased 22% on a constant currency basis, driven by double digit organic growth, driven partially by the GetNet relationship, one-time n
Slide 12: Business Solutions Q1 2025
Business Solutions Q1 2025 (in USD mm) Q1 2025 Y-o-Y % Revenue $65.6 13% Adjusted EBITDA(1) $22.2 -4% Adj. EBITDA margin 33.9% -580bps Revenue increase driven by projects completed in the prior year and non-recurring hardware and software sales. The lower margin was due primarily to the mix shif
Slide 13: Corporate and Other Q1 2025
Corporate and Other Q1 2025 (in USD mm) Q1 2025 Y-o-Y % Adjusted EBITDA(1) ($9.5) 23% % of Total Revenue 4.1% -40bps Corporate and Other Adjusted EBITDA was or 4.1% of total revenue, higher than prior year due to personnel costs. (1) See Non-GAAP reconciliation summary in appendix, p.21. 13
Slide 14: Rollforward Q1 2025 Cash Balance
Rollforward Q1 2025 Cash Balance Beginning Operating Balance1 Activities Ending $314.6 $37.6 FX Balance2 $5.2 $307.6 ($22.3 ) ($5.2 ) CAPEX Acquisition of ($19.2 ) ($3.2 ) non-controlling Debt (Net) & Dividends interest Other3 (1) Includes ~$25M in restricted cash and ~$16M in settlement assets. (2)
Slide 15: Debt Summary
Debt Summary March 31, (in USD mm, except per share) 2025 2024 Unrestricted Cash $265.9 $293.7 Total Debt $969.8 $1,086.4 Term A Loan (2027 Maturity) S+200bps 423.6 447.5 S+275bps Term B Loan (2030 Maturity) S+200bps 540.0 540.0 Revolver ($200M) - 80.0 Deferred Consideration from Buss. Combination 6
Slide 16: Outlook 2025
Outlook 2025 (in USD mm, except per share) Low High Constant Currency Revenue $903 $911 Growth, % constant currency(1) 6.8% 7.7% Growth, % GAAP(2) 5.2% 6.1% Constant Currency Adjusted EPS $3.44 $3.53 Growth, % constant currency(1) 4.9% 7.6% Growth, % Adjusted EPS 2.4% 5.2% Capital Expenditures $85 A
Slide 17: Q&A
Q&A
Slide 18: Appendix
Appendix
Slide 19: Non-GAAP reconciliation summary
Non-gaap reconciliation summary The non-GAAP measures referenced in this earnings release are supplemental measures of the Company’s performance and are not required by, or presented in accordance with, accounting principles genera accepted in the United States of America (“GAAP”). They are not meas
Slide 20: Reconciliation of GAAP to Non-GAAP Operating Results
Reconciliation of GAAP to Non-GAAP Operating Results Three months ended March 31, (Dollar amounts in thousands, except share data) 2025 2024 Revenue $ 228,792 $ 205,318 Currency Adjustment - Constant(1) 6,686 - Constant Currency Revenue $ 235,478 $205,318 Net income $33,091 $16,387 Income tax expens
Slide 21: Reconciliation of Q1 2025 and Q1 2024 Segments Non-GAAP Results
Reconciliation of Q1 2025 and Q1 2024 Segments Non- GAAP Results Quarter ended March 31, 2025 Payment Services - Latin America Puerto Rico & Payments and Merchant Business Total Reportable Corporate and (In thousands) Caribbean Solutions Acquiring, net Solutions Segments Other (1) Total Revenues $ 5
Slide 22: Outlook Summary and Non-GAAP reconciliation
Outlook Summary and Non-GAAP reconciliation 2024 2025 Outlook Actual (Dollar amounts in millions, except share data) Low High Revenues (GAAP) $889 to $897 $845 (1) $14 $14 Currency adjustment - constant Constant currency revenues (Non-GAAP) $903 $911 Earnings per Share (EPS) (GAAP) $2.25 to $2.36 $1
Slide 23: gracias, thanks, obrigado!
gracias, thanks, obrigado! technology of the possible evertecinc.com