Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q1 2019 Earnings Presentation
16 slides from Cpi Card's earnings presentation, May 9, 2019
Slide 1: First Quarter 2019 Earnings Conference Call
Copyright 2019 CPI Card Group First Quarter 2019 Earnings Conference Call May 9, 2019
Slide 2: Safe Harbor Forward-Looking Statements
Copyright 2019 CPI Card Group Safe Harbor Forward-Looking Statements: Certain statements and information in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended
Slide 3: Business Summary
Copyright 2019 CPI Card Group Business Summary Scott Scheirman President and CEO
Slide 4: Q1 2019 Highlights
Copyright 2019 CPI Card Group 4 Q1 2019 Highlights * Financial results included in this presentation for all periods reflect continuing operations. ** See Appendix for definitions of our Non-GAAP financial measures and reconciliations to the most comparable GAAP financial measures. First Quarter 201
Slide 5: Strategic Priorities
Copyright 2019 CPI Card Group 5 Strategic Priorities Deep Customer Focus Market-Leading Quality Products & Customer Service Market- Competitive Business Model Continuous Innovation
Slide 6: 2019 Strategy: Growth Through Targeted Initiatives
Copyright 2019 CPI Card Group 2019 Strategy: Growth Through Targeted Initiatives 6 Four Strategic Priorities to Foster Growth and Strengthen Our Platform Deep Customer Focus • Strengthen and deepen customer relationships • Deliver value and help our customers thrive Market-Leading Quality Products a
Slide 7: Summary
Copyright 2019 CPI Card Group Summary 7 • Strong start to 2019 underscores confidence in strategy and ability to deliver results • We remain committed to the vision of being the partner of choice by providing market-leading quality products and customer service with a market competitive business mod
Slide 8: Financial Summary
Copyright 2019 CPI Card Group Financial Summary John Lowe Chief Financial Officer
Slide 9: Q1 2019 Results
Copyright 2019 CPI Card Group 9 Q1 2019 Results Solid Execution Relative to Strategic Priorities* $66.9$54.9 Q1 2018 Q1 2019 Net Sales $(3.1) $(5.7) Q1 2018 Q1 2019 Net loss from Continuing Operations * Financial results included in this presentation for all periods reflect continuing operations. **
Slide 10: Segment Results
Copyright 2019 CPI Card Group 10 • U.S. Debit and Credit • Net sales of $48.9 million, up 32% year over year • Income from operations of $7.8 million, up 208% from $2.5 million in Q1 2018 • U.S. Prepaid Debit • Net sales of $16.7 million, up 8% year over year • Income from operations of $5.3 million
Slide 11: Debt and Liquidity
Copyright 2019 CPI Card Group Financial Results 11 Debt and Liquidity • Revolver Borrowing Availability of $20 million • Term Loan matures August 2022; Revolver matures August 2020 * See Appendix for definitions of our Non-GAAP financial measures and reconciliations to the most comparable GAAP finan
Slide 12: Appendix
Copyright 2019 CPI Card Group Appendix
Slide 13: Non-GAAP Measures
Copyright 2019 CPI Card Group Non-GAAP Measures 13 Non-GAAP Financial Information In addition to financial results reported in accordance with U.S. generally accepted accounting principles (GAAP), we have provided the following non-GAAP financial measures in this presentation, all on a continuing op
Slide 14: Non-GAAP Reconciliation
Copyright 2019 CPI Card Group Non-GAAP 14 Reconciliation (1) Represents net legal costs incurred in connection with certain patent and shareholder litigation. (2) Represents primarily employee and lease termination costs incurred in connection with the decision to consolidate three personalization o
Slide 15: Non-GAAP Reconciliation
Copyright 2019 CPI Card Group Non-GAAP 15 Reconciliation
Slide 16: Non-GAAP Reconciliation
Copyright 2019 CPI Card Group Non-GAAP 16 Reconciliation