I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q2 2021 Earnings Presentation
12 slides from I3 Verticals's earnings presentation, 2021
Slide 1: Q2 Fiscal 2021 Supplemental Information
Q2 Fiscal 2021 Supplemental Information
Slide 2: Q2 Fiscal 2021 GAAP Measures
Q2 Fiscal 2021 GAAP Measures The following are our Revenues and Income (loss) from operations for the three and six months ended March 31, 2021 and 2020 calculated in accordance with GAAP. The presentation also includes references to the Company’s non-GAAP financials measures. The Company believes t
Slide 3: Q2 QTD Fiscal 2021 Segment Performance
(1) Q2 QTD Fiscal 2021 Segment Performance ($ in thousands) Three months ended March 31, Period over period 2021 2020(3) growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 25,338 $ 24,695 3% Purchased Portfolios 768 1,034 (26)% Merchant Services 26,106 25,729 1% Propr
Slide 4: Q2 YTD Fiscal 2021 Segment Performance
(1) Q2 YTD Fiscal 2021 Segment Performance ($ in thousands) Six months ended March 31, Period over period 2021 2020(3) growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 49,464 $ 51,601 (4)% Purchased Portfolios 1,703 2,367 (28)% Merchant Services 51,167 53,968 (5)% P
Slide 5: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarter to date revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Three months ended March 31, 2021 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 25,992 $ 22,549 $ (678) $ 47
Slide 6: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our fiscal year to date revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Six months ended March 31, 2021 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 50,962 $ 41,325 $ (1,111)
Slide 7: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarter to date 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, 2021 Three months ended March 31, 2020(1) Propriet
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroact
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our fiscal year to date income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Six months ended March 31, 2021 Six months ended March 31, 2020(1) Propriet
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroact
Slide 11: Reconciliation Between GAAP Debt and Covenant Debt
Reconciliation Between GAAP Debt and Covenant Debt The reconciliation of our GAAP Long-term debt, net of issuance costs and the debt balance used in our Total Leverage Ratio: ($ in millions) As of March 31, 2021 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 85.0 Excha
Slide 12: 2021 Outlook and Revised Presentation
2021 Outlook and Revised Presentation We have consistently included in our reported Adjusted Net Revenue, Adjusted EBITDA and Pro Forma Adjusted Diluted EPS an adjustment to remove the effect of purchase accounting write-downs of deferred revenue. We have also included an estimated amount, excluding