Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q3 2022 Earnings Presentation
15 slides from Cpi Card's earnings presentation, Nov 3, 2022
Slide 1: Investor Presentation Third Quarter 2022
Investor Presentation Third Quarter 2022 November 3, 2022 The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 2: Cautionary Statements
2 Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward - looking statements” within the meaning of the Private Securi
Slide 3: Agenda
3 Agenda 1 Third Quarter Highlights and 2022 Expectations 3 Financial Review Summary 4 2 Strategy Review
Slide 4: Third Quarter Highlights and 2022 Expectations
4 Third Quarter Highlights and 2022 Expectations Strong Sales Growth Drives Operating Leverage ▪ Net Sales increased 25% to $124.6 million ▪ Net Income increased 80% to $11.9 million; Adjusted EBITDA¹ increased 32% to $28.3 million Third Quarter Highlights 2022 Full - Year Expectations 1) Adjusted E
Slide 5: Strategy Review: Key Strategic Priorities
5 ▪ Deep Customer Focus ▪ Market - Leading Quality Products and Customer Service ▪ Continuous Innovation ▪ Market - Competitive Business Model Strategy Review Key Strategic Priorities The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission
Slide 6: Financial Review
6 Financial Review
Slide 7: Third Quarter Financial Highlights
7 Third Quarter Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. Se e “Reconciliations of Non - GAAP Financial Measures” at the end of this document for more information and reconciliations to the most
Slide 8: Nine Months Financial Highlights
8 Nine Months Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. Se e “Reconciliations of Non - GAAP Financial Measures” at the end of this document for more information and reconciliations to the most di
Slide 9: Financial Highlights – Segments
9 $60.9 $78.8 $20.5 $29.4 $218.8 $285.7 $76.1 $99.5 Financial Highlights – Segments Debit and Credit Q3 Net Sales & Operating Income YTD Net Sales & Operating Income Q3 Net Sales & Operating Income YTD Net Sales & Operating Income Prepaid Debit ($ in millions) 26.9% 29.6% Net Sales Operating Income
Slide 10: Balance Sheet, Liquidity, Net Leverage and Cash Flow
10 Balance Sheet, Liquidity, Net Leverage and Cash Flow 1) “Available Liquidity” is cash plus borrowing available on our ABL Revolver. “Net Leverage Ratio” is a Supplemental Financial Mea sure, see “Supplemental Financial Measures” at the end of this document for more information. “Total Debt” inclu
Slide 11: Summary
11 Summary ▪ Strong sales continued in the third quarter, led by contactless cards ▪ Operating leverage from sales growth produced strong profitability increases ▪ Full - year 2022 outlook for net sales and Adjusted EBITDA growth increased ▪ Strategy delivering results; long - term opportunities rem
Slide 12: Contact
Contact www.cpicardgroup.com (877) 369 - 9016 InvestorRelations@cpicardgroup.com The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.
Slide 13: Reconciliations of Non-GAAP Financial Measures: Adjusted EBITDA
13 Reconciliations of Non - GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin EBITDA represents earnings before interest, taxes, depreciation and amortization, all on a continuing operations basis. Adjusted EBITDA is presented on a continuing operations basis and is defined as EBITD
Slide 14: Reconciliations of Non-GAAP Financial Measures: LTM Adjusted EBITDA
14 Reconciliations of Non - GAAP Financial Measures LTM Adjusted EBITDA We define LTM Adjusted EBITDA as Adjusted EBITDA (defined previously) for the last twelve months. Free Cash Flow We define Free Cash Flow as cash flow from operating activities (continuing operations) less capital expenditures.
Slide 15: Supplemental Financial Measures
15 Supplemental Financial Measures Net Leverage Ratio Management and various investors use the ratio of debt principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net Leverage Ratio,” as a measure of our financial strength when making key investment dec