Repay Holdings Corporation · NASDAQ:RPAY
Repay — Investor Presentation (August 2020)
22 slides from Repay's investor presentation, Aug 10, 2020
Slide 1: Investor Presentation August 2020
Investor Presentation August 2020 Exhibit 99.3
Slide 2: Disclaimer
Disclaimer On July 11, 2019 (the “Closing Date”), Thunder Bridge Acquisition Ltd. (“Thunder Bridge”) and Hawk Parent Holdings LLC (“Hawk Parent”) completed their previously announced business combination under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to R
Slide 3: Section 1: Introduction to REPAY
Section 1: Introduction to REPAY
Slide 4: Who We Are
Who We Are CAGR is from 2017A – 2019A Volume retention for YTD period as of December 31, 2019 calculated as 1 – (Lost Volume / Total Volume Processed in Prior Year Period); “Lost Volume” represents volume realized in prior year period from merchants that have since ended their relationship with REPA
Slide 5: Why REPAY?
Why REPAY? ORGANIC GROWTH M&A CATALYSTS LONG-TERM GROWTH Secular Trends Away From Cash and Check Toward Digital Payments Transaction Growth in Key Verticals Further Penetrate Existing Clients Deepen Presence in Existing Verticals (e.g. Automotive, B2B, Credit Unions, Revenue Cycle Management, Canada
Slide 6: Our Strong Execution and Momentum
Our Strong Execution and Momentum Total Addressable Market ~$535Bn ~$3.0Tn (2) # of ISV Integrations 53 90 (4) Merchant Count ~4,000 ~14,000+ (3) Executing Our Vision... ...And Delivering Superior Results Today (1) At Initial Business Combination (IBC) Card Payment Volume +44% Gross Profit +43% Adj.
Slide 7: Section 2: REPAY Investment Highlights
Section 2: REPAY Investment Highlights
Slide 8: REPAY's Business Strengths and Strategies
REPAY’s Business Strengths and Strategies A Leading, Omni-Channel Payment Technology Provider FAST GROWING AND UNDERPENETRATED MARKET OPPORTUNITY VERTICALLY INTEGRATED PAYMENT TECHNOLOGY PLATFORM DRIVING FRICTIONLESS PAYMENTS EXPERIENCE EXPERIENCED BOARD WITH DEEP PAYMENTS EXPERTISE MULTIPLE AVENUES
Slide 9: We Are Capitalizing on Large, Underserved Market Opportunities
LTM Card Payment Volume (2) $10.7Bn End Market Opportunities Growth Opportunities 2020 Projected Payment Volumes Credit Unions Canada $58Bn Receivables Mgmt $69Bn Personal Loans $170Bn B2B Healthcare $608Bn Automotive Loans $500Bn Mortgage $1,100Bn B2B Merchant Acquiring $540Bn B2B AP Automation We
Slide 10: Card and Debit Payments Underpenetrated in Our Verticals
Card and Debit Payments Underpenetrated in Our Verticals Note: Credit generally not accepted as payment option in REPAY’s legacy end markets Source: The Nilson Report – December 2018. Represents debit and credit as a percentage of all U.S. consumer payment systems, including various forms of paper,
Slide 11: Proprietary, Integrated Payment Technology Platform
Proprietary, Integrated Payment Technology Platform Reduces Complexity For a Unified Commerce Experience REPAY Has Built a Leading Next- Gen Software Platform Merchants Businesses and Consumers Accelerated payment cycle (ability to lend more / faster) through card processing Faster access to funds t
Slide 12: Vertically Tiered Sales Strategy Supplemented By Software Integrations
REPAY Leverages A Vertically Tiered Sales Strategy Supplemented By Software Integrations To Drive New Merchant Acquisitions Key Software Integrations Accelerates Distribution Direct sales model that is structured by vertical and by production tier Sales Support Team increases sales and supports onbo
Slide 13: Attractive and Diverse Client Base Across Key Verticals
Attractive and Diverse Client Base Across Key Verticals 4 REPAY’s Platform Provides Significant Value To >14,000(1) Merchants Offering Solutions Across A Variety Of Industry Verticals Management estimate, including TriSource, APS, Ventanex, and cPayPlus Expanded into B2B Vertical via APS Acquisition
Slide 14: Demonstrated Ability to Acquire and Successfully Integrate Businesses
Demonstrated Ability to Acquire and Successfully Integrate Businesses 5 Represents A Significant Opportunity To Enhance Organic Growth In Existing Verticals And Accelerate Entry Into New Markets And Services Extend Solution Set via New Capabilities New Vertical Expansion Deepen Presence in Existing
Slide 15: Multiple Levers to Continue to Drive Growth
Multiple Levers to Continue to Drive Growth 5 REPAY’s Leading Platform & Attractive Market Opportunity Position It To Build On Its Record Of Growth & Profitability Expand Usage and Increase Adoption Acquire New Merchants in Existing Verticals Operational Efficiencies Future Market Expansion Opportun
Slide 16: Experienced Board with Deep Payments Expertise
Experienced Board with Deep Payments Expertise 6 9-Member Board Of Directors Comprised Of Industry Veterans And Influential Leaders In The Financial Services And Payment Industries John Morris CEO & Co-Founder Shaler Alias President & Co-Founder Jeremy Schein Managing Director, Corsair Richard Thorn
Slide 17: Section 3: REPAY Financial Overview
Section 3: REPAY Financial Overview
Slide 18: Financial Highlights
Financial Highlights Volume retention for YTD period as of December 31, 2019 calculated as 1 – (Lost Volume / Total Volume Processed in Prior Year Period); “Lost Volume” represents volume realized in prior year period from merchants that have since ended their relationship with REPAY. Volume retenti
Slide 19: Significant Volume and Revenue Growth
Significant Volume and Revenue Growth... Total Card Payment Volume ($Bn) Total Revenue ($MM) REPAY has generated strong, consistent volume growth, resulting in ~$10.7Bn in annual card processing volume in 2019 REPAY’s revenue growth has been strong, resulting in a 33% (1) CAGR from 2017A – 2019A CAG
Slide 20: Translating into Accelerating Profitability
% Margin (3) % Margin (3) ...Translating into Accelerating Profitability Gross Profit (1) Adjusted EBITDA (2) Gross margins are improving due to a decrease in processing costs Highly scalable platform with attractive margins ($MM) Gross Profit is defined as Total Revenue less Interchange and Network
Slide 21: Adjusted EBITDA Reconciliation – Historical
Adjusted EBITDA Reconciliation – Historical Prior to the Business Combination REPAY was not a taxable entity so there are no taxes to add back in calculating EBITDA for these periods. Reflects write-offs of debt issuance costs relating to REPAY’s term loans and prepayment penalties relating to its p
Slide 22: Realtime Electronic Payments
Realtime Electronic Payments