Repay Holdings Corporation · NASDAQ:RPAY
Repay — Merger or Acquisition (June 2026)
14 slides from Repay's merger presentation, Jun 1, 2026
Slide 1: REPAY & KUBRA Supplemental Materials
REPAY & KUBRA Supplemental Materials Exhibit 99.2 June 2026
Slide 2: Disclaimer
Disclaimer Repay Holdings Corporation (“REPAY” or the “Company”) is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”). Such filings, which you may obtain for free at the SEC’s website at http://www.sec.g
Slide 3: REPAY Investment Thesis
REPAY Investment Thesis KUBRA accelerates REPAY’s strategic evolution into a scaled multi-vertical integrated bill payments platform Financial metric based on combined 2025 excluding synergies Financials based on 2025 excluding synergies Net leverage is a non-GAAP measure. See slide 1 under "Non-GAA
Slide 4: REPAY Becomes a Leading End-to-End Bill Payment Platform
REPAY Becomes a Leading End-to-End Bill Payment Platform Communication Services Bill Design & Presentment Payment Acceptance Clearing & Settlement Payment Gateway API Integrations Instant Funding Credit/Debit Processing ACH Processing eCash New & Emerging Payments Virtual Terminal Web Portal / Onlin
Slide 5: KUBRA's Product Suite Differentiates Itself from Competitor Offerings
KUBRA’s Product Suite Differentiates Itself from Competitor Offerings KUBRA delivers a comprehensive suite of products that enable it to uniquely design and process both paper and e-bills with increased payment flows under REPAY’s ownership Design & Bill Print Design, preparation, printing and distr
Slide 6: KUBRA Serves Enterprise Clients across Non-Discretionary Verticals
KUBRA Serves Enterprise Clients across Non-Discretionary Verticals Leading bill presentment and payment provider to the utilities sector, with a growing presence in other markets Utilities ~85% of Revenue Government ~5% of Revenue Healthcare Adjacent Verticals Electric, gas, water, waste management,
Slide 7: KUBRA Enhances REPAY's Vertical Reach
KUBRA Enhances REPAY’s Vertical Reach By diversifying into non-discretionary core verticals, REPAY will reach over ~$130Bn of combined 2025 Annual Payment Volume(1) Financials metrics based on combined 2025 excluding synergies Third-party research and management estimates as of 6/1/2026 End Market O
Slide 8: Significantly Increases Scale while Maintaining Profitability
Significantly Increases Scale while Maintaining Profitability REPAY immediately scales, while continuing to generate strong profitability Revenue(1) Adjusted EBITDA(1) Financials metrics based on 2025. Combined financials based on 2025 excluding synergies. Combined is calculated using REPAY reported
Slide 9: Long-Term Growth: Organic Growth and M&A Catalysts
LONG-TERM GROWTH ORGANIC GROWTH M&A CATALYSTS Deepen presence in existing verticals Expand into new verticals/geographies Strategic acquisitions extending broader solution suite Driving Shareholder Value 1) Third-party research and management estimates as of 6/1/2026 Secular trends away from cash an
Slide 10: Value Creation Roadmap
Value Creation Roadmap Expected to be Free Cash Flow accretive(1) by 25% in 2028E Revenue Opportunities Expense Synergies Capex Savings Increase penetration into all verticals with a comprehensive end-to-end digital bill pay platform; including bill presentment, communications, payment engine, and c
Slide 11: Integration Plan for One Platform
Integration Plan for One Platform Integration playbook in place for Day 1 readiness across all workstreams Phased hybrid integration plan optimizes client upgrades during infrastructure unification Feature and compliance parity essential before client feature optimization KUBRA — The Experience Plat
Slide 12: Proven Ability of Delevering from Free Cash Flow Generation
Proven Ability of Delevering from Free Cash Flow Generation REPAY is committed to maintaining a conservative financial policy focused on deleveraging Net leverage target of < 3.0x within 18 months of closing Proven ability to reduce leverage following acquisitions as demonstrated following the Billi
Slide 13: Updated FY 2026 Outlook
Updated FY 2026 Outlook REPAY is raising its previously provided outlook for full year 2026 to include KUBRA contributions for the remaining 7 months Note: REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures such as forecasted Normalized and Organic Rev
Slide 14: Thank you
Thank you