I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2018 Earnings Presentation
17 slides from I3 Verticals's earnings presentation, Aug 23, 2018
Slide 1: Q3 Segment Supplemental Information
Q3 Segment Supplemental Information
Slide 2: Q3 YTD Segment Performance
Q3 YTD Segment Performance(1) ($ in thousands) Nine months ended June 30, Period over 2018 2017 period growth Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 62,442 $ 36,325 72% Purchased Portfolios 7,217 9,339 (23)% Merchant Services 69,659 45,664 53% Proprietary Software and Rel
Slide 3: Reconciliation of Non-GAAP Financial Measures: revenue to net revenue (nine months)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP net revenue is as follows: ($ in thousands) Nine months ended June 30, 2018 Other Proprietary Owned Merchant Corporate Software Total Other Services(1) Total Revenue $ (3) $ 14,787 $ 14,784 $ 224,671 $ 239,45
Slide 4: Reconciliation of income (loss) from operations to adjusted EBITDA (nine months)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Nine months ended June 30, 2018 Nine months ended June 30, 2017 Other Other Proprietary Proprie
Slide 5: Footnotes to non-GAAP reconciliation
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima
Slide 6: Q3 Segment Performance
Q3 Segment Performance(1) ($ in thousands) Three months ended June 30, Period over 2018 2017 period growth Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 23,025 $ 12,737 81% Purchased Portfolios 2,068 2,939 (30)% Merchant Services 25,093 15,676 60% Proprietary Software and Relate
Slide 7: Reconciliation of revenue to non-GAAP net revenue (Q3)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP net revenue is as follows: ($ in thousands) Three months ended June 30, 2018 Other Proprietary Owned Merchant Corporate Software Total Other Services(1) Total Revenue $ — $ 4,770 $ 4,770 $ 79,766 $ 84,536 Int
Slide 8: Reconciliation of income (loss) from operations to adjusted EBITDA (Q3)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three months ended June 30, 2018 Three months ended June 30, 2017 Other Other Proprietary Propr
Slide 9: Footnotes to non-GAAP reconciliation
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima
Slide 10: Q2 Segment Performance
Q2 Segment Performance(1) ($ in thousands) Three months ended March 31, Period over 2018 2017 period growth Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 20,628 $ 11,752 76% Purchased Portfolios 2,305 3,076 (25)% Merchant Services 22,933 14,828 55% Proprietary Software and Relat
Slide 11: Reconciliation of revenue to non-GAAP net revenue (Q2)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP net revenue is as follows: ($ in thousands) Three Months Ended March 31, 2018 Other Proprietary Owned Merchant Corporate Software Total Other Services(1) Total Revenue $ — $ 5,472 $ 5,472 $ 72,226 $ 77,698 In
Slide 12: Reconciliation of income (loss) from operations to adjusted EBITDA (Q2)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Other Other Proprietary Pro
Slide 13: Footnotes to non-GAAP reconciliation
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima
Slide 14: Q1 Segment Performance
Q1 Segment Performance(1) ($ in thousands) Three months ended December 31, Period over 2017 2016 period growth Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 18,789 $ 11,835 59% Purchased Portfolios 2,844 3,325 (14)% Merchant Services 21,633 15,160 43% Proprietary Software and Re
Slide 15: Reconciliation of revenue to non-GAAP net revenue (Q1)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP net revenue is as follows: ($ in thousands) Three Months Ended December 31, 2017 Other Proprietary Owned Merchant Corporate Software Total Other Services(1) Total Revenue $ (3) $ 4,545 $ 4,542 $ 72,679 $ 77,2
Slide 16: Reconciliation of income (loss) from operations to adjusted EBITDA (Q1)
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three Months Ended December 31, 2017 Three Months Ended December 31, 2016 Other Other Proprieta
Slide 17: Footnotes to non-GAAP reconciliation
Reconciliation of Non-GAAP Financial Measures 1. Includes costs associated with forming i3 Verticals, Inc. and other expenses directly related to the certain transactions as part of any offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estima