I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q3 2021 Earnings Presentation
10 slides from I3 Verticals's earnings presentation, 2021
Slide 1: Q3 Fiscal 2021 Supplemental Information
Q3 Fiscal 2021 Supplemental Information
Slide 2: Q3 Fiscal 2021 GAAP Measures
Q3 Fiscal 2021 GAAP Measures The following is our Income (loss) from operations for the three and nine months ended June 30, 2021 and 2020 calculated in accordance with GAAP. The presentation also includes references to the Company’s non-GAAP financials measures. The Company believes that, in additi
Slide 3: Q3 QTD Fiscal 2021 Segment Performance
(1) Q3 QTD Fiscal 2021 Segment Performance ($ in thousands) Three months ended June 30, Period over period 2021 2020(4) growth Revenue(2) (excludes Acquisition Revenue Adjustments) Merchant Services, excluding Purchased Portfolios $ 29,103 $ 21,367 36% Purchased Portfolios 809 855 (5)% Merchant Serv
Slide 4: Q3 YTD Fiscal 2021 Segment Performance
(1) Q3 YTD Fiscal 2021 Segment Performance ($ in thousands) Nine months ended June 30, Period over period 2021 2020(4) growth Revenue(2) (excludes Acquisition Revenue Adjustments) Merchant Services, excluding Purchased Portfolios $ 78,362 $ 72,968 7% Purchased Portfolios 2,512 3,222 (22)% Merchant S
Slide 5: Acquisition Revenue Adjustments
Acquisition Revenue Adjustments Under GAAP, companies must adjust, as necessary, beginning balances of acquired deferred revenue to fair value as part of acquisition accounting as defined by GAAP. In previous quarterly supplemental information reports we have included in our reported adjusted net re
Slide 6: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarter to date income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA excluding acquisition revenue adjustments is as follows: ($ in thousands) Three months ended June 30, 2021 Thre
Slide 7: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroact
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our fiscal year to date income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA excluding acquisition revenue adjustments is as follows: ($ in thousands) Nine months ended June 30, 2021 N
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's business within its segments. The prior period comparatives have been retroact
Slide 10: Reconciliation Between GAAP Debt and Covenant Debt
Reconciliation Between GAAP Debt and Covenant Debt The reconciliation of our GAAP Long-term debt, net of issuance costs and the debt balance used in our Total Leverage Ratio: ($ in millions) As of June 30, 2021 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 117.8 Excha