Shift4 Payments, Inc. · NYSE:FOUR
Shift4 Payments — Q2 2020 Earnings Presentation
24 slides from Shift4 Payments's earnings presentation, Aug 6, 2020
Slide 1: FOUR Reports Second Quarter 2020 Results
FOUR Reports Second Quarter 2020 Results August 6, 2020 ALLENTOWN, Pa – (BUSINESS WIRE) Shift4 Payments, Inc. (NYSE: FOUR “the Company”), a leading provider of integrated payment processing solutions, today announced its second quarter 2020 results. ‘We are incredibly proud to report our results for
Slide 2: Quarterly Investor Call Details
Quarterly Investor Call Details: Management will also host a conference call today (August 6, 2020) at 8:30 am ET to discuss its second quarter 2020 financial results. To register for this conference call, please use the link: http://www.directeventreg.com/registration/event/8394105. After registeri
Slide 3: Safe Harbor Statement and Forward Looking Information
Safe Harbor Statement and Forward Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered
Slide 4: Non-GAAP Financial Measures and Key Performance Indicators
Non-GAAP Financial Measures and Key Performance Indicators We use supplemental measures of our performance which are derived from our consolidated financial information but which are not presented in our consolidated financial statements prepared in accordance with generally accepted accounting prin
Slide 5: Earnings Presentation AUGUST 6, 2020
Earnings Presentation AUGUST 6, 2020
Slide 6: Q2 2020 Earnings and Business Highlights
Q2 2020 Earnings and Business Highlights End-to-end payments volume (YoY): $4.2 billion (down 23% YoY) Gross Profit: $32.3 million (down 26% YoY) Gross Revenue Less Network Fees: $67.4 million (down 10% YoY) Net Loss: $(75.0) million compared to $(8.2) million in prior year Adjusted Net Loss: $(14.4
Slide 7: Investor Overview
Sy Shift4 PAYMENTS Investor Overview
Slide 8: The payments ecosystem is complicated, expensive and often antiquated
The payments ecosystem is complicated, expensive and often antiquated Software Hardware Payment Methods Safety & Convenience Reporting Security
Slide 9: Interoperability is a challenge for merchants of any size
Interoperability is a challenge for merchants of any size (Not a Shift4 merchant)
Slide 10: We take the complexity and cost out of integrated payments
Interoperability We take the complexity and cost out of integrated payments Payment Devices Software Payment Methods Safety & Convenience Security Business Intelligence 350+ integrations Onyx, EMV readers Lighthouse Business Management PCI-validated P2PE
Slide 11: Our family of integrated solutions
Our family of integrated solutions Decades of experience supporting complex payment environments across restaurants, hotels, retail, and more. Integrated to hundreds of software suites in dozens of industries. Each of these is complemented by Shift4 innovations designed to enhance the value proposit
Slide 12: We are trusted by many
We are trusted by many 200,000+ Shift4 merchants (YE 2019) 3.5B transactions annually $200B in payment volume processing worth more than
Slide 13: Why we win
Why we win Decades of operating excellence in: - Food & Beverage - Hospitality - Specialty Retail - E-Commerce Capable of driving the most complex and demanding commerce environments Domain Expertise Unique Technology Incumbency Third-Party Distribution Scale Significant share of F&B, Hospitality an
Slide 14: Recent customer wins
Recent customer wins New Merchant Win: Raiders Stadium – Las Vegas, NV Gateway Conversion: Casino/Resort – Sioux City, IO 14 Revenue Centers using Oracle Opera and MICROS POS Merchant did not accept EMV cards due to the costs associated with hardware upgrades Merchant saved $17,000 in upfront costs
Slide 15: Total Addressable Market & Embedded Gateway Conversion Opportunity
Total Addressable Market & Embedded Gateway Conversion Opportunity US Electronic Payments Restaurant & Hospitality Aggregate Restaurant & Hospitality + All other Industries Aggregate 7% CAGR Embedded Gateway Conversion Potential ~$550 million Potential Gross Profit from Converting Existing Shift4 Ga
Slide 16: Shift4 in Action: Pebble Beach Resort
Shift4 in Action: Pebble Beach Resort Shift4’s payment gateway platform serves as the unifying technology for the multitude of software suites that operate across the entire Pebble Beach Resorts organization, resulting in any credit card payment entering Pebble Beach’s ecosystem being secured by Shi
Slide 17: Financial Summary
Sy Shift4 PAYMENTS Financial Summary
Slide 18: Driving Strong Performance
Driving Strong Performance End-To-End Volume ($Million) Gross Revenue Less Network Fees ($million) Adjusted EBITDA ($million) End-To-End Volume ($million) GROSS PROFIT $43.6 $46.6 $50.2 $44.5 $32.3 ADJUSTED NET LOSS $(4.4) $(5.0) $(10.6) $(13.8) $(14.4) NET LOSS $(8.2) $(22.6) $(13.8) $(5.2) $(75.0)
Slide 19: Q3 2020 and Q4 2020 Outlook
Q3 2020 and Q4 2020 Outlook End-To-End Volume We expect Q3 End-to-End volumes to range between: $6.2 billion and $6.5 billion We expect Q4 End-to-End volumes to range between: $6.5 billion and $6.9 billion Gross Revenues Less Network Fees(A) Driving Q3 Gross Revenues Less Network Fees between: $74 m
Slide 20: Second Quarter 2020 - Balance Sheets
Second Quarter 2020 - Balance Sheets
Slide 21: Second Quarter 2020 - Balance Sheets (continued)
Second Quarter 2020 - Balance Sheets (continued)
Slide 22: Second Quarter 2020 – Income Statements
Second Quarter 2020 – Income Statements
Slide 23: Second Quarter 2020 – Reconciliation to Non-GAAP Financial Metrics
Second Quarter 2020 – Reconciliation to Non-GAAP Financial Metrics
Slide 24: Second Quarter 2020 – Reconciliation to Non-GAAP Financial Metrics
Second Quarter 2020 – Reconciliation to Non-GAAP Financial Metrics