Repay Holdings Corporation · NASDAQ:RPAY
Repay — Merger or Acquisition (May 2021)
11 slides from Repay's merger presentation, May 10, 2021
Slide 1: BillingTree Acquisition Overview
BillingTree Acquisition Overview May 2021 Exhibit 99.2
Slide 2: Forward-Looking Statements
Repay Holdings Corporation (“REPAY” or the “Company”) is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”) Such filings, which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss
Slide 3: Realtime Electronic Payments: A winning combination of technology, distribution, and scale
Realtime Electronic Payments REPAY (~ @ Billingiree A winning combination of technology, distribution, and scale REPAY
Slide 4: REPAY's Acquisition of BillingTree
REPAY’s Acquisition of BillingTree 2021E metrics expected by BillingTree BillingTree enhances REPAY’s position in large and attractive growth markets Leading omni-channel, integrated payments processor in biller direct verticals Established player in Healthcare, Credit Unions, and Accounts Receivabl
Slide 5: Transaction Summary
Transaction Summary Number of shares issued calculated based on the 12-day VWAP at signing. Represents multiples based on adjusted purchase price including estimated value of tax benefits of ~$20MM and a 2021E Adjusted EBITDA of $26MM. Based on purchase price excluding tax benefits, this represents
Slide 6: BillingTree Highlights
BillingTree Highlights Patient engagement and payments platform for healthcare Omni-channel, integrated payment processing platform
Slide 7: BillingTree's Core End Markets
BillingTree's Core End Markets Source: Third-party research and management estimates. Focus on various loan types with proprietary debit-only low-cost routing functionality $185Bn TAM(1) <10% Of 2021E Card Payment Volume Specialized capabilities for fuel oil and propane dealers with bundled software
Slide 8: BillingTree's Operating and Financial Performance
Gross Profit BillingTree's Operating and Financial Performance Denotes Adjusted EBITDA before synergies. Card Payment Volume(2) (in $Bn) ($MM) ($MM) Card Payment Volume Adjusted EBITDA(1)
Slide 9: Acquisition Enhances Scale and Business Mix
Other Acquisition Enhances Scale and Business Mix Represents out-of-pocket payments to providers. Denotes pro forma figures including full 2021E BillingTree contribution (i.e., assuming the acquisition closed on January 1, 2021), including $5MM run-rate synergies, and expected full year contribution
Slide 10: Transaction Meets REPAY's Key Investment Criteria
Transaction Meets REPAY’s Key Investment Criteria TAM estimates for BillingTree. Source: Third-party research and management estimates. Represents multiples based on adjusted purchase price including estimated value of tax benefits of ~$20MM and a 2021E Adjusted EBITDA of $26MM. Based on purchase pr
Slide 11: Impact to REPAY's 2021E Guidance
Impact to REPAY's 2021E Guidance Note: As reported metrics. Assumes BillingTree acquisition closes on 7/1/2021. Includes 6 months contribution of PF synergies. Card Payment Volume (2021E growth %) Gross Profit (2021E growth %) Adjusted EBITDA (2021E growth %) Revenue (2021E growth %) 2020A 2021E Pre