I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q2 2020 Earnings Presentation
9 slides from I3 Verticals's earnings presentation, May 7, 2020
Slide 1: Q2 Fiscal 2020 Supplemental Segment Information
Q2 Fiscal 2020 Supplemental Segment Information
Slide 2: Q2 Fiscal 2020 Segment Performance (three months ended March 31)
Q2 Fiscal 2020 Segment Performance(1) ($ in thousands) Three months ended March 31, Period over period 2020 2019 growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 23,984 $ 22,213 8% Purchased Portfolios 1,034 1,541 (33)% Merchant Services 25,018 23,754 5% Proprietary
Slide 3: Q2 Fiscal 2020 Segment Performance (six months ended March 31)
Q2 Fiscal 2020 Segment Performance(1) ($ in thousands) Six months ended March 31, Period over period 2020 2019 growth Adjusted Net Revenue(2) Merchant Services, excluding Purchased Portfolios $ 50,116 $ 43,514 15% Purchased Portfolios 2,367 3,578 (34)% Merchant Services 52,483 47,092 11% Proprietary
Slide 4: Reconciliation of revenue to non-GAAP adjusted net revenue, three months
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 March 31, 2020 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 25,018 $ 14,691 $ (531) $ 39,178 Acquisition
Slide 5: Reconciliation of revenue to non-GAAP adjusted net revenue, six months
Reconciliation of Non-GAAP Financial Measures The reconciliation of our revenue to non-GAAP adjusted net revenue is as follows: ($ in thousands) Six months ended March 31, 2020 Proprietary Software Merchant Services(2) and Payments Other Total Revenue $ 52,483 $ 28,747 $ (941) $ 80,289 Acquisition r
Slide 6: Reconciliation of income from operations to non-GAAP adjusted EBITDA, three months
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 March 31, 2020 Three months ended March 31, 2019 Proprietary Proprietary Mer
Slide 7: Non-GAAP reconciliation footnotes, three months
Reconciliation of Non-GAAP Financial Measures 1. Offering-related expenses includes expenses directly related to certain transactions of an offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in
Slide 8: Reconciliation of income from operations to non-GAAP adjusted EBITDA, six months
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) Six months ended March 31, 2020 Six months ended March 31, 2019 Proprietary Proprietary Merchan
Slide 9: Non-GAAP reconciliation footnotes, six months
Reconciliation of Non-GAAP Financial Measures 1. Offering-related expenses includes expenses directly related to certain transactions of an offering. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in