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Paysafe (PSFE) - 2022 Q1 - Quarterly Report
2022-05-18 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2022 (Commission File No. 001-40302) PAYSAFE LIMITED (Exact name of registrant as specified in its charter) Not Applicable (Translation of registrant's name into English) Paysafe Limited 25 Canada Square 27th Floor London, United Kingdom E14 5LQ (Address of Principal Executive Offices) (Zip Code) Indicate by ch ...
Paysafe (PSFE) - 2022 Q1 - Earnings Call Transcript
2022-05-11 16:14
Paysafe Limited (NYSE:PSFE) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Kirsten Nielsen - Head, Investor Relations Bruce Lowthers - Chief Executive Officer Izzy Dawood - Chief Financial Officer Conference Call Participants George Mihalos - Cowen Dan Perlin - RBC Capital Markets Jason Kupferberg - Bank of America David Togut - Evercore ISI Scott Wurtzel - Wolfe Research Timothy Chiodo - Credit Suisse Andrew Hummel - WestPark Capital Operator Greetings. Welcome to the Paysafe ...
Paysafe (PSFE) - 2022 Q1 - Earnings Call Presentation
2022-05-11 11:20
Paysafe: First Quarter 2022 Earnings Presentation May 11, 2022 Forward Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a ...
Paysafe (PSFE) - 2021 Q4 - Annual Report
2022-03-28 19:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Paysafe (PSFE) - 2021 Q4 - Earnings Call Transcript
2022-03-02 17:00
Paysafe Limited (NYSE:PSFE) Q4 2021 Earnings Conference Call March 2, 2022 8:30 AM ET Company Participants Kirsten Nielsen - Head, Investor Relations Philip McHugh - Chief Executive Officer Izzy Dawood - Chief Financial Officer Conference Call Participants Dan Perlin - RBC Capital Markets George Mihalos - Cowen Darrin Peller - Wolfe Research Jamie Friedman - Susquehanna Josh Levin - Autonomous Research Jason Kupferberg - Bank of America Spencer Kennedy - Evercore ISI Timothy Chiodo - Credit Suisse Operator ...
Paysafe (PSFE) - 2021 Q4 - Earnings Call Presentation
2022-03-02 15:16
Paysafe: Fourth Quarter and Full Year 2021 Earnings Presentation March 2, 2022 Forward Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, ...
Paysafe (PSFE) - 2021 Q3 - Earnings Call Presentation
2021-11-17 11:33
Paysafe: Third Quarter 2021 Earnings Presentation November 11, 2021 Forward Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assuran ...
Paysafe (PSFE) - 2021 Q3 - Earnings Call Transcript
2021-11-11 18:30
Financial Data and Key Metrics Changes - The third quarter adjusted EBITDA was $106 million, in line with expectations, while revenues were $354 million, below expectations primarily due to weaker results from digital wallets [5][27] - Total revenue for the third quarter decreased by 1% year-over-year, with adjusted EBITDA margin remaining approximately 30% [28] - Free cash flow for the quarter was $70 million, representing a 66% conversion on an adjusted EBITDA basis, with year-to-date free cash flow conversion around 70% [28] Business Line Data and Key Metrics Changes - The eCash segment saw a volume of $1.3 billion and revenue of $90.2 million, both up 10% year-over-year, indicating strong momentum [31] - The digital wallet segment experienced a volume of $4 billion, down 70% year-over-year, with revenue decreasing by 15% compared to the prior year [32] - Integrated processing volume was $26 billion, up 28% year-over-year, with revenue of $186.9 million, an increase of 4% compared to the prior year [33] Market Data and Key Metrics Changes - North America iGaming revenues grew by 50% year-to-date, reflecting strong market momentum [20] - The company is now live in 19 of the 21 legal jurisdictions across the U.S., with plans for further expansion [20] - The regulatory environment in Germany and the Netherlands has negatively impacted market activity, leading to a decline in digital wallet performance [12][60] Company Strategy and Development Direction - The company is focused on repositioning its digital wallet business for success, with a strong growth plan and new leadership in place [8][18] - There is an emphasis on combining wallet capabilities with e-commerce solutions to capture growth opportunities in fast-growing markets [9][26] - The company aims to streamline operations and improve customer experience in the digital wallet segment while addressing pricing issues [15][56] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the digital wallet business, citing both internal and external factors affecting performance [8][12] - The outlook for 2022 is expected to be transitional for digital wallets, with a focus on resetting the business and delivering on growth initiatives [17][40] - Management remains optimistic about the company's future, citing strong engagement with clients and a robust pipeline of opportunities [42] Other Important Information - The company is on track to meet or exceed all cost takeout and tech platform milestones, with significant progress in migrating to cloud technology [24][25] - Total debt outstanding was approximately $2.2 billion, with a net debt to LTM adjusted EBITDA ratio of 4.4 times [35] Q&A Session Summary Question: Why is the company still confident in the long-term potential of the digital wallet? - Management highlighted recent changes and improvements in client engagement, as well as the utility of the digital wallet for clients, indicating a positive outlook despite current challenges [45][48] Question: What changes are being made to address customer experience issues? - Management acknowledged some share loss in mature markets and emphasized the need for better engagement with clients and adjustments to pricing strategies [54][56] Question: What is the timeline for the take rate to return to long-term guidance? - The take rate is not expected to revert to 1.8% in the near term, with adjustments taking a couple of quarters to implement [65] Question: How will the company approach debt pay-down in light of revised guidance? - The company plans to prioritize debt pay-down with excess cash flow while maintaining a long-term commitment to reducing the net debt to EBITDA ratio [66] Question: Can you provide details on the WorldPay partnership in North America? - The partnership with WorldPay is not exclusive, and the company is expanding its acquiring relationships to meet market demand [81]
Paysafe (PSFE) - 2021 Q2 - Earnings Call Transcript
2021-08-16 18:17
Paysafe Limited (NYSE:PSFE) Q2 2021 Earnings Conference Call August 13, 2021 8:30 AM ET Company Participants Kirsten Nielsen – Head of Investor Relations Philip McHugh – Chief Executive Officer Izzy Dawood – Chief Financial Officer Conference Call Participants Dan Perlin – RBC Capital Markets George Mahola – Cowen Jason Kupferberg – Bank of America David Togut – Evercore ISI Jamie Friedman – Susquehanna Darrin Peller – Wolfe Research Josh Levin – Autonomous Research Timothy Chiodo – Credit Suisse Operator G ...
Paysafe (PSFE) - 2021 Q2 - Earnings Call Presentation
2021-08-16 18:12
Paysafe: Second Quarter 2021 Earnings Presentation August 16, 2021 Forward Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assuranc ...