Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Q1 2025 Earnings Presentation
23 slides from Euronet Worldwide's earnings presentation, Apr 24, 2025
Slide 1: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results Michael J. Brown | Chairman & CEO Rick L. Weller | EVP & CFO Adam Godderz | General Counsel Euronet | www.euronetworldwide.com 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking
Slide 3: Defined Terms
Defined Terms Unless specifically noted otherwise within this presentation, the following terms are hereby defined as follows: Constant currency measures are computed as if foreign currency exchange rates did not change from the prior period. This information is provided to illustrate the impact of
Slide 4: First Quarter 2025
First Quarter 2025 Michael J. Brown| Chairman & CEO Euronet | www.euronetworldwide.com 4 121322-1
Slide 5: Key pillars drive sustainable growth in large TAMs
Key pillars drive sustainable growth in large TAMs Payment and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Payment Processing: Issuing, Acquiring, Real-time • Dynamic Currency Conversion, DAF, Interc
Slide 6: Financial Highlights First Quarter 2025
Financial Highlights First Quarter 2025 Rick L. Weller | EVP & CFO Euronet | www.euronetworldwide.com 6 121322-1
Slide 7: Financial Highlights First Quarter 2025
Financial Highlights First Quarter 2025 • Revenue – $915.5 million • Adjusted EBITDA - $118.7 million • 7% increase from $857.0 million for Q1 2024 • 9% increase from $108.8 million for Q1 2024 • 9% increase on a constant currency basis • 12% increase on a constant currency basis • Operating Income
Slide 8: Balance Sheet Overview
Financial Highlights First Quarter 2025 Balance Sheet Overview USD 12/31/2024 3/31/2025 (in millions) Unrestricted Cash $ 1,278.8 $ 1,393.6 ATM Cash 643.8 700.3 Settlement Assets 1,522.7 1,418.6 Total Assets 5,834.5 6,053.5 Total Debt 1,949.8 2,202.5 Total Debt to Trailing Twelve Month Adjusted EBIT
Slide 9: Same Quarter Prior Year Comparison As Reported
Financial Highlights First Quarter 2025 Same Quarter Prior Year Comparison AS REPORTED Adjusted Operating USD (in millions) Revenue Adjusted EBITDA Income q1 2024 q1 2025 q1 2024 q1 2025 q1 2024 q1 2025 EFT Processing $ 217.2 $ 232.5 $ 21.1 $ 23.3 $ 44.7 $ 47.6 % Change 7% 10% 6% epay 257.1 267.4 26
Slide 10: Same Quarter Prior Year Comparison – Constant Currency
Financial Highlights First Quarter 2025 Same Quarter Prior Year Comparison – Constant Currency* CONSTANT CURRENCY* Adjusted Operating USD (in millions) Revenue Adjusted EBITDA Income q1 2024 q1 2025* q1 2024 q1 2025* q1 2024 q1 2025* EFT Processing $ 217.2 $ 239.2 $ 21.1 $ 24.3 $ 44.7 $ 49.2 % Chang
Slide 11: Business Update
Business Update Michael J. Brown| Chairman & CEO Euronet | www.euronetworldwide.com 11 121322-1
Slide 12: Q1 Comparisons
Q1 Comparisons • $937M in revenues • 23% growth in adjusted operating income • 12% growth in adjusted EBITDA • $78M in adjusted operating income Euronet | www.euronetworldwide.com 12
Slide 13: Revenue Mix
Revenue Mix 2024 2019 Revenue: $2.8 Billion Revenue: $4 Billion Euronet | www.euronetworldwide.com 13
Slide 14: Electronic Funds Transfer (EFT)
Business Segment Electronic Funds Transfer (EFT) Payments and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Payment Processing: Issuing, Acquiring, Real-time • Dynamic Currency Conversion, DAF, Interch
Slide 15: epay
Business Segment epay Payments and Transaction Processing Cross Border and Foreign Exchange Use Cases | Consumer and Business Payments Use Cases | Consumer and Business Payments • Payment Processing: Issuing, Acquiring • Third Party Channels: Retailers, websites, and digital wallets • Distribution o
Slide 16: Money Transfer
Business Segment Money Transfer Cross Border and Foreign Exchange Payments and Transaction Processing Use Cases | Consumer and Business Cross Border Payments Use Cases | Consumer and Business Payments with FX • Bill Payments • Our Own Channels for Family Remittance Money Transfer: Stores, Physical R
Slide 17: Summary of Q1 2025
Summary of Q1 2025 • Record consolidated first quarter revenue, adjusted operating income and adjusted EBITDA • Strong digital channel sales in multiple markets related to gaming • Expansion into new markets • Improved profit margins • Strong growth of our network and solutions • A strong pipeline o
Slide 18: Appendix
Appendix Euronet | www.euronetworldwide.com 18
Slide 19: Reconciliation of Net Income to Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA Three months ended March 31, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 38.4 Add: Income tax expense 7.1 Add: Total other expense, net 29.7 Operating income (expense) 23.3 26.8 45
Slide 20: Reconciliation of Net Income to Adjusted Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income to Adjusted Operating Income (Expense) and Adjusted EBITDA Three months ended March 31, 2024 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 26.2 Add: Income tax expense 16.0 Add: Total other expense, net 21.8 Operating
Slide 21: Reconciliation to Constant Currency Amounts by Segment
Reconciliation of Revenue, Adjusted Operating Income and Adjusted EBITDA to Constant Currency Amounts by Segment Three months ended ended March 31, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Revenue $ 232.5 $ 267.4 $ 417.7 $ (2.1) $ 915.5 Add: Estimated foreign currency
Slide 22: Reconciliation of Adjusted Earnings per Share
Reconciliation of Adjusted Earnings per Share (unaudited - in millions, except share and per share data) Three Months Ended March 31, 2025 2024 Net income attributable to Euronet Worldwide, Inc. $ 38.4 $ 26.2 Foreign currency exchange loss 18.1 12.5 Intangible asset amortization 4.5 5.5 Share-based
Slide 23: Thank you
Thank you Euronet | www.euronetworldwide.com 23