Deutsche Bank dbaccess European TMT Conference September 9th 2016

Transcription

1 Deutsche Bank dbaccess European TMT Conference September 9th 2016

2 HALF YEAR RESULTS Certain statements in this document are forward looking statements. These forward looking statements speak only as at the date of this document. These statements concern, or may affect, future matters and include matters that are not facts. Such statements are based on current expectations and beliefs and, by their nature, are subject to a number of known and unknown risks and uncertainties that could cause actual results and outcomes to differ materially from any expected future results or performance expressed or implied by the forward looking statements. You are cautioned not to place undue reliance on these forward looking statements. The information and opinions expressed in this document are subject to change without notice and neither Paysafe Group plc nor any other person assumes any responsibility or obligation to update publicly or review any of the forward looking statements contained within this document, regardless of whether those statements are affected as a result of new information, future events or otherwise. Please note that due to rounding, numbers presented throughout this document may not add up precisely to the totals provided. Percentage changes are calculated on unrounded figures. The interim results for the period ended 30 June 2016 in this document are unaudited and do not constitute statutory accounts within the meaning of the Companies Acts 1931 to To provide a more transparent analysis of the performance of the Group following the material acquisition of Skrill in FY 2015, revenue commentary was included on a pro forma constant currency basis in the FY 2015 results. This measure is unaudited, and was stated on an adjusted basis as if the Group had owned all acquisitions throughout the comparative periods ( proforma ). It was also calculated by applying prior period foreign exchange rates to current period amounts ( constant currency ). From 1 January 2016 the commentary reverts to the more usual definition of pro forma organic constant currency growth by showing growth as if companies acquired on or after 1 January 2016 had been owned in the comparative period, and using the same foreign exchange adjustment. This means that all pre 2016 published pro forma growth rates remain the same. In relation to commentary for the Prepaid division, constant currency pro forma growth rates are shown excluding the estimated impact of discontinued Ukash territories and services. Absolute pro forma revenue and volume dollar figures are only shown for 2013 to 2015 and include all acquisitions in that period.

3 CORPORATE VIDEO 2

4 An exceptional first half Joel Leonoff President & Chief Executive Officer

5 HALF YEAR RESULTS BUSINESS PERFORMANCE Business performance Corporate strategy Outlook

6 HALF YEAR RESULTS 2016 BUSINESS PERFORMANCE 5 Exceeding expectations Revenue $487m 20% YoY growth* Adjusted EBITDA* $144m 29.6% margin Excellent cash generation Free cash flow* $79m Adjusted EBIT cash conversion* 78% Expanding the core foundations of our business * H organic constant currency growth Adjusted EBITDA excludes restructuring and acquisition related expenses, share based payments and other one offs Free cash flow before payments working capital. Defined as operating cash flow after operating working capital movements, tax, interest and capex Cash conversion before payments working capital measured as % of adjusted EBIT, and therefore excludes one off items, interest costs, and tax

7 HALF YEAR RESULTS BUSINESS PERFORMANCE 1190% share price increase since H1 11 Reported revenue, $m 5 year CAGR 53% grow 53% Reported adjusted EBITDA, $m 5 year CAGR 86% gro wth * 86% H111 H112 H113 H114 H115 H116 H111 H112 H113 H114 H115 H116 Share price as at 9 August 2016 compared with 4 January 2011

8 HALF YEAR RESULTS CORPORATE STRATEGY Business performance Corporate strategy Outlook

9 HALF YEAR RESULTS CORPORATE STRATEGY Our strategic pillars Aggressive organic growth State of the art technology Niche orientated solutions Entrepreneurial culture Bold M&A

10 HALF YEAR RESULTS CORPORATE STRATEGY Focus on relevant differentiated solutions that add value Expansion into new geographies and developing new business Fostering an entrepreneurial culture, divisional autonomy to make quick decisions Staying ahead of and adapting to changes in market and regulatory environment Proactively managing risk across the business Active relationship management, working closely with our partners Innovating with purpose, proactive investment

11 HALF YEAR RESULTS CORPORATE STRATEGY Technology is the foundation of our business: Strong focus on innovation Building out new Data and Merchant Platform Hiring top senior talent New group of highly talented engineers in India Investing with purpose in R&D to stay ahead and lead Data & Merchant Platform Fraud reporting Analytics Multi channel KYC Mobile 200+ payment types

12 HALF YEAR RESULTS CORPORATE STRATEGY Market leading position in multiple niches: Online gambling Medium to high risk processing Direct marketing, online retail start ups, membership subscriptions Releasing new niche orientated technologies: App Users Simple, Easy, Secure Mobile Ordering & Payments Merchants Receiving Live Orders & Operations MOBILE ORDERING PLATFORM Runners Optimise Delivery through Runner App Real Time Managers Content Management, Monitoring Reporting & Analytics

13 HALF YEAR RESULTS CORPORATE STRATEGY Courageous Pioneering Open Focused

14 HALF YEAR RESULTS CORPORATE STRATEGY We committed to seek and execute deals. and have delivered We continue to pursue accretive deals with a strong strategic fit

15 HALF YEAR RESULTS OUTLOOK Business performance Corporate strategy Outlook

16 HALF YEAR RESULTS OUTLOOK Revenue Adjusted EBITDA margin Adjusted EBITDA $ m 29.6% $ m

17 Thank you Joel Leonoff President & Chief Executive Officer

18 Paysafe Group plc Registered Office & Headquarters Audax House 6 Finch Road Douglas IM1 2PT Isle of Man +44 (0) Michelle Singleton, VP Investor Relations: +44 (0) / investorrelations@paysafe.com Gavin Haycock, SVP Corporate Communications: +44 (0) / gavin.haycock@paysafe.com