Global Payments Inc. · NYSE:GPN
Global Payments — Q1 2024 Earnings Presentation
12 slides from Global Payments's earnings presentation, May 1, 2024
Slide 1: 1Q 2024 Earnings
1Q 2024 Earnings 5/1/2024 Innovation that delivers. COPYRIGHT GLOBAL PAYMENTS 2024 ALL RIGHTS RESERVED
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections ab
Slide 3: Strong financial performance 1Q 2024
Strong financial performance 1Q 2024 Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $2.18B 43.5% $2.59 +7% +40 bps +8% +14% excluding +16% excluding dispositions dispositions See appendix for information regarding non-GAAP financial measures. Comparisons are to 1Q23 unless otherwise noted
Slide 4: Merchant Solutions
Merchant Solutions Adjusted Adjusted 1Q 2024 Highlights Net Revenue Operating Margin 8% adjusted net revenue 1Q 2024 $1.68B 47.0% growth ex. EVO & dispositions +16% -30 bps 30% increase in US Merchant partners +up to 20%+ POS growth 2024 Outlook +>9% 30 bps 16% volume growth 1 1 Excludes impact from
Slide 5: Issuer Solutions
Issuer Solutions Adjusted Adjusted 1Q 2024 Highlights Net Revenue Operating Margin 5% core Issuer growth 1 1Q 2024 $516M 46.8% +5% +290 bps >6% transactions growth 2024 +5-6% +up to 49M increase in traditional Outlook 50 bps accounts on file 1 Core Issuer business excludes Netspend B2B assets and Min
Slide 6: 2024 outlook
2024 outlook Adjusted Net Revenue Adjusted Operating Margin Adjusted EPS $9.17B to up to 50 bps $11.54 to $9.30B of expansion $11.70 +6% to +7% +11% to +12% +>7% excluding EVO & +>14% excluding dispositions dispositions ~100% Adjusted Free Cash Flow Conversion1 1 Adjusted free cash flow estimated at
Slide 7: Non-GAAP Financial Measures
Non-GAAP Financial Measures Global Payments supplements revenues, income, operating income, operating margin, earnings per share (EPS) and net operating cash flows determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measu
Slide 8: Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited)
Reconciliation of Non-GAAP Financial Measures - Consolidated (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended March 31, 2024
Slide 9: Reconciliation - Segment Adjusted Net Revenue and Adjusted Operating Income
Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa
Slide 10: Reconciliation - Segment Adjusted Net Revenue and Adjusted Operating Income
Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa
Slide 11: Reconciliation - Segment Adjusted Net Revenue and Adjusted Operating Income
Reconciliation of Non-GAAP Financial Measures - Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the compa
Slide 12: Reconciliation - 2024 Outlook Summary (unaudited)
Reconciliation of Non-GAAP Financial Measures - 2024 Outlook Summary (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also included adjustments t