PART I—FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited consolidated financial statements for Euronet Worldwide, Inc. as of March 31, 2023, and for the three months ended March 31, 2023 and 2022 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in millions) | Metric | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$5,010.6** | **$5,403.6** | | Total Current Assets | $3,341.5 | $3,726.7 | | Goodwill | $834.3 | $828.3 | | **Total Liabilities** | **$3,738.5** | **$4,159.2** | | Total Current Liabilities | $1,905.3 | $2,354.1 | | Debt obligations, net | $1,642.7 | $1,609.1 | | **Total Equity** | **$1,272.1** | **$1,244.4** | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Statement of Operations Highlights (in millions, except per share data) | Metric | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | **Revenues** | **$787.2** | **$718.5** | | Total operating expenses | $741.6 | $681.8 | | **Operating income** | **$45.6** | **$36.7** | | Net income | $19.8 | $8.2 | | **Net income attributable to Euronet** | **$20.1** | **$8.2** | | **Diluted EPS** | **$0.39** | **$0.16** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (in millions) | Metric | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $3.3 | $5.7 | | Net cash used in investing activities | ($18.1) | ($356.9) | | Net cash provided by (used in) financing activities | ($4.4) | $235.3 | | **Increase (decrease) in cash** | **($53.1)** | **($153.4)** | [Notes to the Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Unaudited%20Consolidated%20Financial%20Statements) - The company's business is seasonal. The EFT segment sees highest demand in Q3 (tourism), epay in Q4 and Q1 (holidays), and Money Transfer from May through Q4 (worker migration and holidays)[28](index=28&type=chunk) - On March 15, 2022, the company acquired the Merchant Acquiring Business of Piraeus Bank (PBMA) for approximately **$350.6 million**. This acquisition is included in the EFT Processing Segment[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) - As of March 31, 2023, total goodwill was **$834.3 million**, allocated as follows: Money Transfer (**$385.1M**), EFT Processing (**$325.0M**), and epay (**$124.2M**)[51](index=51&type=chunk) - Total debt obligations stood at **$1,654.6 million** as of March 31, 2023, consisting primarily of a revolving credit facility, **0.75%** convertible notes due 2049, and **1.375%** senior notes due 2026[55](index=55&type=chunk) - The company uses foreign currency derivative contracts to minimize exposure to currency fluctuations, primarily for its Ria and xe operations. As of March 31, 2023, the notional value of these contracts was substantial[66](index=66&type=chunk)[67](index=67&type=chunk)[70](index=70&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial results, with revenue up **10%** to **$787.2 million** and operating income up **24%** to **$45.6 million**, led by EFT Processing Q1 2023 vs Q1 2022 Segment Performance (in millions) | Segment | Q1 2023 Revenue | Q1 2022 Revenue | % Change | Q1 2023 Operating Income | Q1 2022 Operating Income | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | EFT Processing | $192.2 | $145.6 | 32% | $6.9 | ($6.3) | (210)% | | epay | $237.4 | $235.8 | 1% | $27.5 | $26.2 | 5% | | Money Transfer | $359.4 | $339.0 | 6% | $32.6 | $33.3 | (2)% | | **Total** | **$787.2** | **$718.5** | **10%** | **$45.6** | **$36.7** | **24%** | - The EFT Processing segment's revenue grew **32%** YoY, driven by increased domestic and international cash withdrawal transactions as travel restrictions eased across Europe[135](index=135&type=chunk) - The Money Transfer segment's revenue increased **6%** YoY, fueled by growth in international-originated money transfers and direct-to-consumer digital transactions[158](index=158&type=chunk) - The company had working capital of **$1,436.2 million** as of March 31, 2023. It maintains access to **$715.9 million** under its Credit Facility, with no significant long-term debt principal payments due until March 2025[175](index=175&type=chunk)[176](index=176&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from variable-rate debt and foreign currency volatility, with significant non-U.S. dollar revenues, mitigated by derivatives - As of March 31, 2023, **29%** of the company's total debt was variable-rate, primarily under its Credit Facility, exposing it to interest rate risk[194](index=194&type=chunk) - For Q1 2023, **74.1%** of revenues were generated in non-U.S. dollar currencies. The company is particularly vulnerable to fluctuations in the euro, British pound, Australian dollar, and Polish zloty[196](index=196&type=chunk)[197](index=197&type=chunk) - A hypothetical **10%** fluctuation in key foreign currency exchange rates is estimated to have an annualized effect on reported net income and working capital of approximately **$125 million** to **$135 million**[197](index=197&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of March 31, 2023, with no material internal control changes beyond PBMA integration - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of March 31, 2023[204](index=204&type=chunk) - No material changes were made to internal controls over financial reporting in Q1 2023, except for the integration of the acquired PBMA business[205](index=205&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) Management believes no current legal or regulatory proceedings would materially adversely affect the company's financial condition or operations - There are currently no legal or regulatory proceedings that management believes would have a material adverse effect on the company's financial condition or operations[208](index=208&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022 - No material changes to risk factors were reported compared to the 2022 Form 10-K[209](index=209&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2023, the company repurchased **276,400** shares for **$28.3 million**, with **$446.7 million** remaining for future repurchases Share Repurchases in Q1 2023 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2023 | — | $— | | Feb 2023 | — | $— | | Mar 2023 | 276,400 | $102.46 | | **Total** | **276,400** | **$102.46** | - As of March 31, 2023, the company had **$446.7 million** remaining under its share repurchase authorizations[211](index=211&type=chunk) [Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The exhibits filed with this report include Section 302 and 906 certifications by the CEO and CFO, as well as XBRL financial data[213](index=213&type=chunk)

Unless specifically noted otherwise within this presentation, the following terms are hereby defined as follows: Financial Highlights First Quarter 2023 Balance Sheet Overview Michael J. Brown| Chairman & CEO • Renewed: | --- | --- | |-----------------------------------------------------|------------| | Active ATM Rollforward | Sequential | | ATMs at Beginning of Quarter 45,009 | | | Traditional High Value ATM Changes | | | Independently Deployed ATMs (151) | | | Outsourcing ATMs (46) | | | Low-Margin India ...

Euronet Worldwide, Inc. (NASDAQ:EEFT) Q1 2023 Results Conference Call May 3, 2023 9:00 AM ET Company Participants Scott Claassen - General Counsel Mike Brown - Chairman and Chief Executive Officer Rick Weller - Chief Financial Officer Conference Call Participants Andrew Jeffrey - Truist Securities Andrew Schmidt - Citi Global Markets Darrin Peller - Wolfe Research Alli Heckmann - D.A. Davidson Mike Grondahl - Northland Securities Ken Suchoski - Autonomous Research Rayna Kumar - UBS Cris Kennedy - William Bl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-31648 EURONET WORLDWIDE, INC. (Exact name of Registrant as specified in its charter) ________________________ (State or other jurisd ...

Euronet Worldwide, Inc. (NASDAQ:EEFT) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Scott Claassen - General Counsel Rick Weller - Chief Financial Officer Mike Brown - Chairman and Chief Executive Officer Conference Call Participants Rayna Kumar - UBS Andrew Schmidt - Citi Darrin Peller - Wolfe Research Cris Kennedy - William Blair Pete Heckmann - D.A. Davidson Mike Grondahl - Northland Capital Markets Operator Greetings and welcome to the Euronet Worldwide Fourth Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue of $931 million, operating income of $168 million, and adjusted EBITDA of $212 million, with adjusted EPS of $2.74, reflecting a 55% increase from $1.77 in the same quarter last year [6][11][12] - The strong performance was attributed to double-digit constant-currency growth across all three segments, driven by increased domestic and international cash withdrawal transactions in the EFT segment due to rising travel demand post-COVID restrictions [6][11] Business Line Data and Key Metrics Changes - The EFT segment saw significant growth, with increased domestic and international withdrawal transactions, contributing to overall revenue and gross profit expansion [9][11] - Epay revenue grew by 18%, operating income by 29%, and adjusted EBITDA by 24%, driven by mobile and digital branded payments and digital distribution channel growth [10] - Money transfer revenue, operating income, and adjusted EBITDA increased by 11%, 23%, and 29%, respectively, with notable growth in U.S. outbound transactions and international transfers [11][12] Market Data and Key Metrics Changes - The company experienced currency fluctuations, with many significant currencies declining by 10% to 20% against the U.S. dollar year-over-year, impacting cash positions [8][14] - Despite these fluctuations, the company maintained its full-year 2022 adjusted EPS guidance of $6.30 to $6.40, reflecting confidence in underlying business resilience [14][16] Company Strategy and Development Direction - The company plans to expand its ATM network into new markets and continue introducing new products in the epay segment, alongside expanding its Money Transfer network [27][28] - The company is focused on geographic and product diversity to navigate economic pressures and maintain growth through various economic cycles [22][61] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about travel recovery in 2023, with expectations of reaching 92% of 2019 travel levels, which would represent a 25% improvement from the previous year [26][27] - The company remains vigilant regarding inflation impacts but has not yet seen significant pressure on revenue or gross profit across segments [13][61] Other Important Information - The company added approximately 3,000 new merchants and expanded its ATM portfolio, with a total of over 1,800 ATMs installed this year [30][32] - The company is facing challenges in the ATM supply chain but is working with new manufacturers to continue expansion [33] Q&A Session Summary Question: Confirmation on 2023 outlook and key variables - Management confirmed mid to upper teens adjusted EPS growth for 2023, with key variables including travel recovery and FX rates [64][65] Question: High-value transaction trends - Management indicated that high-value transaction recovery is trending well, with significant impacts from reduced travel from the UK [67][70] Question: Sustaining growth amid electronic payment trends - Management acknowledged the shift towards electronic payments but emphasized the continued need for cash, especially in cash-based markets [73][78] Question: Impact of strengthening dollar on guidance - Management noted consistent growth across the business despite FX headwinds, maintaining the EPS guidance [84][86] Question: R&D investments and expense management - Management confirmed ongoing R&D investments without significant increases expected for 2023, focusing on maintaining operational efficiency [90][92] Question: 2023 travel recovery tracking and margin structure - Management expressed confidence in tracking travel recovery and indicated that margins would improve as transaction volumes increase [94][96]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) Delaware 74-2806888 (State or other jurisdiction of in ...

Euronet Worldwide, Inc. (NASDAQ:EEFT) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Hope Gregg - Associate General Counsel Rick Weller - EVP, CAO & CFO Michael Brown - Chairman, CEO & President Conference Call Participants Peter Heckmann - D.A. Davidson Joel Riechers - Truist Company Andrew Schmidt - Citigroup Vasundhara Govil - KBW Operator Greetings, and welcome to the Euronet Worldwide Second Quarter 2022 Earnings Call. It is now my pleasure to introduce your host, Ms. Ho ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) Delaware 74-2806888 (State or other jurisdiction of i ...