I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2024 Earnings Presentation
15 slides from I3 Verticals's earnings presentation, Aug 9, 2024
Slide 1: Q3 Fiscal Year 2024 Supplemental Information
Q3 FISCAL YEAR 2024 Supplemental Information 1
Slide 2: Revenue Composition - Continuing Operations
(1) Revenue Composition - Continuing Operations ($ in thousands) Quarter Ended March 31, December 31, September 30, March 31, December 31, September 30, June 30, 2024 2024 2023 2023 June 30, 2023 2023 2022 2022 June 30, 2022 Software and related service revenue SaaS(2) $ 8,834 $ 8,809 $ 8,742 $ 8,97
Slide 3: Revenue Composition - Continuing Operations (footnotes)
Revenue Composition - Continuing Operations 1.) As a result of the contemplated sale of our merchant services business (the “Merchant Services Business”) pursuant to the terms of the securities purchase agreement dated as of June 26, 2024 (the “Purchase Agreement”), entered into by us with Payroc, t
Slide 4: Q3 Fiscal 2024 GAAP Measures
Q3 Fiscal 2024 GAAP Measures The following is our income (loss) from continuing operations for the three and nine months ended June 30, 2024 and 2023 calculated in accordance with GAAP. The presentation also includes references to non-GAAP financial measures presented by the Company. The Company bel
Slide 5: Q3 QTD & YTD 2024 Continuing Operations
Q3 QTD & YTD 2024 Continuing Operations(1) ($ in thousands) Three Months Ended June 30, Period over period 2024 2023 growth Revenue from continuing operations Software and Services $ 56,037 $ 57,271 (2)% Other — (11) Total Revenue from continuing operations $ 56,037 $ 57,260 Adjusted EBITDA from con
Slide 6: 2024 Continuing Operations
2024 Continuing Operations(1) ($ in thousands) Three months ended Twelve months ended Nine months ended September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 June 30, 2024 Revenue from continuing operations Software and Services $ 226,792 $ 55,075 $ 57,984 $ 56,037 $ 169,096 Other (70) (
Slide 7: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarterly income (loss) from continuing operations to non-GAAP pro forma adjusted net income from continuing operations and non-GAAP adjusted EBITDA from continuing operations is as follows: ($ in thousands) Three Months Ended J
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our fiscal year to date income (loss) from continuing operations to non-GAAP pro forma adjusted net income from continuing operations and non-GAAP adjusted EBITDA from continuing operations is as follows: ($ in thousands) Nine Month
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc
Slide 11: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarterly income (loss) from continuing operations to non-GAAP pro forma adjusted net income from continuing operations and non-GAAP adjusted EBITDA from continuing operations is as follows: ($ in thousands) Three Months Ended D
Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our fiscal year to date income (loss) from continuing operations to non-GAAP pro forma adjusted net income from continuing operations and non-GAAP adjusted EBITDA from continuing operations is as follows: ($ in thousands) Twelve Mon
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc
Slide 15: Reconciliation Between GAAP Debt and Covenant Debt
Reconciliation Between GAAP Debt and Covenant Debt The reconciliation of our GAAP debt, before issuance costs, and the debt balance used in our Total Leverage Ratio is as follows: ($ in millions) As of June 30, 2024 Revolving lines of credit to banks under the 2023 Senior Secured Credit Facility $ 3