Paymentus Holdings, Inc. · NYSE:PAY
Paymentus — Q2 2023 Earnings Presentation
14 slides from Paymentus's earnings presentation, Aug 7, 2023
Slide 1: Second Quarter 2023 Earnings Conference Call
August 7 TH , 2023 SECOND QUARTER 2023 EARNINGS CONFERENCE CALL DUSHYANT SHARMA SANJAY KALRA President & CEO CFO
Slide 2: Disclaimer
EARNINGS REPORT DISCLAIMER This presentation and the accompanying webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such statements, other than statements of historical facts, are forward-looking statements. Generally, you can
Slide 3: Q2 2023 Financial Highlights
EARNINGS REPORT Q2 2023 FINANCIAL HIGHLIGHTS FINANCIAL METRIC Q2 2023 YoY GROWTH % ($ MILLIONS) REVENUE $148.9 24.1% CONTRIBUTION $59.6 22.3% PROFIT(1) ADJUSTED EBITDA(1) $14.2 183.8% 1 Non-GAAP financial measures: For definitions, reconciliation to the nearest GAAP measures and additional informati
Slide 4: Key Q2 Accomplishments
EARNINGS REPORT KEY Q2 ACCOMPLISHMENTS § Robust bookings quarter § Solid exit backlog § Added large scale billers in retail, insurance, utilities, global technology and telecommunications verticals § Implementation pace improved year over year § Expanded partner ecoystem § American Express – Realtim
Slide 5: Q2 2023 Performance
EARNINGS REPORT Q2 2023 PERFORMANCE FINANCIAL METRIC Q2 2023 Q2 2022 CHANGE CHANGE % ($ Millions | except EPS) TRANSACTIONS 109.5 89.5 20.0 22.3% REVENUE $148.9 $120.0 $28.9 24.1% CONTRIBUTION PROFIT(1) $59.6 $48.7 $10.9 22.3% CONTRIBUTION PROFIT % 40.0% 40.6% - (0.6%) ADJUSTED GROSS PROFIT(1) $50.0
Slide 6: Q2 2023 Performance
EARNINGS REPORT Q2 2023 PERFORMANCE FINANCIAL METRIC Q2 2023 Q1 2023 CHANGE CHANGE % ($ Millions) UNRESTRICTED CASH $159.1 $143.6 $15.5 10.8% FREE CASH FLOW(1) $17.8 $(3.5) $21.3 608% DAYS SALES OUTSTANDING 41 46 5 10.8% WORKING CAPITAL $190 $181 $9 5.0% DILUTED SHARES OUTSTANDING 124 123.8 0.2 0.2%
Slide 7: Q3 and Q4 2023 Financial Guidance
EARNINGS REPORT Q3 AND Q4 2023 FINANCIAL GUIDANCE FINANCIAL METRIC YOY GROWTH FINANCIAL METRIC YOY GROWTH Q3 2023 Q4 2023 ($ MILLIONS) AT MIDPOINT ($ MILLIONS) AT MIDPOINT REVENUE $150 - $154 19% REVENUE $152 - $158 17% CONTRIBUTION CONTRIBUTION $58 - $60 15% $60 - $65 15% PROFIT(1) PROFIT(1) ADJUST
Slide 8: Full Year 2023 Financial Guidance
EARNINGS REPORT FULL YEAR 2023 FINANCIAL GUIDANCE INCREASED GUIDANCE RANGES FINANCIAL METRIC MIDPOINT GUIDANCE PRIOR GUIDANCE ($ MILLIONS) DIFFERENCE REVENUE $599 - $609 $591 - $606 CONTRIBUTION PROFIT(1) $231 - $238 $225 - $237 ADJUSTED EBITDA(1) $41 - $46 $34 - $38.5 1 Contribution profit and Adju
Slide 9: Paymentus Q2 2023 Earnings Report
PAYMENTUS Q2 2023 EARNINGS REPORT
Slide 10: Use and Definitions of Non-GAAP Measures
EARNINGS REPORT USE AND DEFINITIONS OF NON-GAAP MEASURES In addition to disclosing financial measures in accordance with accounting principles generally accepted in the United States, or GAAP, this presentation contains certain non-GAAP financial measures set forth below. We use non-GAAP measures to
Slide 11: Contribution Profit and Adjusted Gross Profit
EARNINGS REPORT CONTRIBUTION PROFIT Three Months Ended June 30, 2023 2022 (in thousands) Gross Profit $ 45,862 $ 35,828 Plus: other cost of revenue 13,728 12,896 Contribution Profit $ 59,590 $ 48,724 ADJUSTED GROSS PROFIT Three Months Ended June 30, 2023 2022 (in thousands) Gross profit $ 45,862 $ 3
Slide 12: Adjusted EBITDA and Non-GAAP Net Income
Three Months Ended June 30, 2023 2022 (in thousands) Net income (loss) — GAAP $ 5,839 $ (2,451) Interest income, net (1,658) (98) Provision for (benefit from) income taxes 438 378 EARNINGS REPORT Amortization of capitalized software development costs 5,120 3,520 Amortization of acquisition-related i
Slide 13: Non-GAAP Operating Expense and Free Cash Flow
Three Months Ended June 30, EARNINGS REPORT 2023 2022 (in thousands) NON-GAAP OPERATING Operating expenses $ 41,236 $ 38,053 Stock-based compensation (2,247) (1,344) Amortization of acquisition-related intangibles (1,212) (1,202) EXPENSE Non-GAAP operating expense $ 37,777 $ 35,507 Three Months Ende
Slide 14: Dushyant Sharma, Sanjay Kalra
DUSHYANT SHARMA SANJAY KALRA President & CEO CFO EMAIL: ir@paymentus.com Website: ir.paymentus.com @PAYMENTUSCORP PAYMENTUS PAYMENTUS PAYMENTUSCORPORATION