I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q1 FY2021 Earnings Presentation
9 slides from I3 Verticals's earnings presentation, 2021
Slide 1: Q1 Fiscal 2021 Supplemental Information
Q1 Fiscal 2021 Supplemental Information
Slide 2: Q1 Fiscal 2021 Segment Performance
(1) Q1 Fiscal 2021 Segment Performance ($ in thousands) Three months ended December 31, Period over period 2020 2019(3) growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 24,126 $ 26,906 (10)% Purchased Portfolios 935 1,333 (30)% Merchant Services 25,061 28,239 (11)%
Slide 3: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Three months ended December 31, 2020 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 24,970 $ 18,776 $ (433) $ 43,313 (1) Acqu
Slide 4: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three months ended December 31, 2020 Three months ended December 31, 2019(1) Proprietary Propri
Slide 5: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroact
Slide 6: Reconciliation Between GAAP Debt and Covenant Debt
Reconciliation Between GAAP Debt and Covenant Debt The reconciliation of our GAAP Long-term debt, net of issuance costs and the debt balance used in our Total Leverage Ratio: ($ in millions) As of December 31, 2020 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 49.3 Ex
Slide 7: Payment Volumes Through the COVID-19 Pandemic
Payment Volumes Through the COVID-19 Pandemic Consolidated Average Daily Payments Volume(1) ($ in millions) Average daily payments volume for the week ending February 15, 2020 through the week ending January 30, 2021 39.3 37.3 36.8 36.1 36.2 35.2 34.9 35.3 34.7 34.6 34.5 34.9 33.8 34.2 33.5 33.9 33.
Slide 8: Software Revenues Remain Resilient
Software Revenues Remain Resilient Software and Related and Services Revenue Trends(1) (Monthly Adjusted Net Revenue)(2) ($ in millions) Software and Related Services Monthly Revenue in Q2 2020 through Q1 2021 +138% (24%) $6.3 $6.2 $3.9 $3.8 $3.4 $3.1 $3.2 $3.0 $2.9 $2.7 $2.8 $2.6 ary ary rch ril y
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to adjusted net revenue(1) is as follows: ($ in thousands) Three Months Ended, March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 Other revenue $ 12,792 $ 10,926 $ 13,161 $ 17,701 Payments revenue 26,386 2