I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q4 2022 Earnings Presentation
11 slides from I3 Verticals's earnings presentation, 2022
Slide 1: Q4 Fiscal 2022 Supplemental Information
Q4 Fiscal 2022 Supplemental Information
Slide 2: Revenue Composition
Revenue Composition ($ in thousands) Quarter Ended September 30, December 31, September 30, December 31, 2022 June 30, 2022 March 31, 2022 2021 2021 June 30, 2021 March 31, 2021 2020 Software and related service revenue SaaS(1) $ 8,833 $ 8,450 $ 7,899 $ 6,310 $ 6,173 $ 6,107 $ 5,632 $ 5,115 (2) Tran
Slide 3: Annualized Recurring Revenue (ARR)
Annualized Recurring Revenue (“ARR”) 1. SaaS revenue is earned when we provide, as a service to our customers over time, the right to access our software, generally hosted in a cloud environment. 2. Transaction-based software revenue is earned when we provide services through our software and charge
Slide 4: Q4 Fiscal 2022 GAAP Measures
Q4 Fiscal 2022 GAAP Measures The following is our Income (loss) from operations for the three and twelve months ended September 30, 2022 and 2021 calculated in accordance with GAAP. The presentation also includes references to the Company’s non-GAAP financials measures. The Company believes that, in
Slide 5: Q4 Fiscal 2022 Segment Performance
(1) Q4 Fiscal 2022 Segment Performance ($ in thousands) Three months ended September 30, Period over period 2022 2021 growth Revenue Merchant Services $ 33,410 $ 30,740 9% Software and Services 51,827 36,942 40% Other 13 (505) nm Total $ 85,250 $ 67,177 27% Adjusted EBITDA(2) Merchant Services $ 9,1
Slide 6: Q4 Fiscal 2022 Segment Performance (Full Year)
(1) Q4 Fiscal 2022 Segment Performance ($ in thousands) Years ended September 30, Period over period 2022 2021 growth Revenue Merchant Services $ 124,481 $ 111,870 11% Software and Services 193,402 114,433 69% Other (21) (2,179) nm Total $ 317,862 $ 224,124 42% Adjusted EBITDA(2) Merchant Services $
Slide 7: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Merchant Software a
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Financing-related expenses includes expenses directly related to certain transactions as part of financing transactions. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash conside
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our income (loss) from operations to non-GAAP pro forma adjusted net income and non-GAAP adjusted EBITDA is as follows: ($ in thousands) Year ended September 30, 2022 Year ended September 30, 2021 Merchant Software and Merchant Soft
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1. Financing-related expenses includes expenses directly related to certain transactions as part of financing transactions. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash conside
Slide 11: 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 September 30, 2022 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 185.0