Text Pay Combined AR and AP automation solution provides a compelling value proposition to clients ~160K | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|-------| | | | | | B2B Merchant Acquiring • $1.2Tn total addressable market | B2B AP Automation • $2.2Tn tot ...

Financial Performance - The company processed approximately $25.6 billion in total card payment volume in 2022, with a year-over-year growth of approximately 25%[25]. - As of December 31, 2022, the company had over 23,000 clients, with the top 10 clients contributing approximately 15% of total gross profit[25]. - The Consumer Payments segment represented approximately 85% of total revenue for the year ended December 31, 2022, while the Business Payments segment accounted for approximately 15%[29][30]. - The chargeback rate for the year ended December 31, 2022, was under 1% of the payment volume[49]. - The chargeback rate for the year ended December 31, 2022, was less than 1% of payment volume, indicating effective risk management practices[135]. Growth Strategy - The company aims to drive future growth by increasing penetration in existing verticals and expanding into new verticals and geographic markets[31][32]. - The company plans to expand its geographic footprint, particularly focusing on Canadian operations due to strong demand for its solutions[33]. - The company has successfully acquired eleven businesses from January 1, 2016, through December 31, 2022, and may pursue strategic acquisitions selectively[36]. - The company’s growth strategy includes entering new vertical markets through acquisitions, but it faces risks such as competition for acquisition candidates and potential regulatory hurdles[161]. Market and Competition - The payment processing industry is highly competitive, impacting the fees received and overall margins, with the company aiming to increase its market share[106]. - The company faces significant competition from larger firms with greater financial and technological resources, which may limit pricing power and profit margins[107]. - The electronic payments market is rapidly evolving, and failure to keep pace with technological changes could lead to a decline in revenue[116]. - The vertical markets served by the company have historically underutilized electronic payments, which could hinder revenue growth if this trend continues[119]. Risk Management and Compliance - The company adheres to industry security standards and conducts quarterly tests of its disaster recovery plan[50]. - The company has established cash or non-cash collateral reserves to offset potential credit or fraud risk liability[48]. - The company has developed compliance programs to address legal and regulatory requirements related to anti-money laundering and counter-terrorism regulations[80]. - The company is subject to various federal and state privacy laws, including the California Consumer Privacy Act (CCPA), which imposes specific data protection requirements[77]. - The company may incur significant costs related to compliance with evolving laws and regulations, which could divert management resources and impact profitability[171]. Employee Engagement and Culture - 80% of participants in the annual employee engagement survey indicated that the company is a great place to work, contributing to its certification as a Great Place to Work® for seven consecutive years[96]. - The company offers a comprehensive benefits package, including 100% coverage of employee healthcare premiums and a generous 401(k) employer match[102]. - The company maintains an Employee Resource Group aimed at promoting diversity and inclusion within the workplace[101]. - The company emphasizes a culture of rewards and recognition, incentivizing employees with opportunities for growth and development[99]. Financial Obligations and Debt - The company increased its senior secured credit facilities to a $185.0 million revolving credit facility as of December 29, 2021[187]. - The company issued $440.0 million in aggregate principal amount of 0.00% convertible senior notes due 2026 on January 19, 2021[187]. - The company’s ability to service its debt obligations depends on future performance, which is subject to various economic and competitive factors[187]. - The company may incur future debt obligations that could impose additional restrictive covenants, affecting operational flexibility[189]. Cybersecurity and Data Protection - The company is exposed to cybersecurity risks, including potential breaches that could result in material losses and increased costs for cyber insurance[110]. - Unauthorized disclosure of client data could lead to substantial fines and damage to the company's reputation, with potential liabilities from payment networks and regulatory bodies[108]. - Increased incidents of security breaches may lead to decreased consumer confidence in electronic payments, adversely affecting transaction volumes[120]. Management and Governance - The company has experienced senior management turnover, which could adversely affect its business and financial condition, particularly following the departures of key executives in 2022[158]. - The board of directors will determine the use of excess cash accumulated from distributions, which may include acquiring additional units or funding stock repurchases[201]. - The board has the ability to issue preferred stock without stockholder approval, which could dilute ownership for hostile acquirers[220]. - Directors can only be removed for cause until the 2024 annual meeting, limiting stockholder influence[220].

Exhibit 99.3 Investor Presentation November 2022 1 Disclaimer On July 11, 2019 (the "Closing Date"), Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed their previously announced business combination (the "Business Combination") under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation ("REPAY" or the "Company"). Unless otherwise indicated, information provided in this presentation (a) that ...

Repay Holdings Corporation (NASDAQ:RPAY) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants John Morris - CEO, Co-Founder & Director Tim Murphy - CFO Conference Call Participants Andrew Schmidt - Citi Gus Gala - Truist Securities Peter Heckmann - D.A. Davidson & Co. James Faucette - Morgan Stanley Timothy Chiodo - Crédit Suisse Robert Napoli - William Blair & Company Ramsey El-Assal - Barclays Bank Operator Welcome to today's earnings conference call being hosted by Repay. Wit ...

Exhibit 99.2 Q3 2022 Earnings Supplement November 2022 1 Disclaimer Repay Holdings Corporation ("REPAY" or the "Company") is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission ("SEC") Such filings, which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect REPAY's business, results of operations and financial condition. On July 11, 2019 (the "Closi ...

Financial Data and Key Metrics Changes - In Q2 2022, the company reported card payment volume growth of 34%, total revenue growth of 39%, and gross profit growth of 42% [7][23] - Organic gross profit growth for the quarter was 10% [7][24] - Adjusted net income for Q2 was $16.1 million, or $0.17 per share, with adjusted EBITDA of $27.6 million, reflecting a 35% increase year-over-year [25] Business Line Data and Key Metrics Changes - The B2B payments business showed strength, driven by the digitization of business payments and the need for efficiencies [7] - Instant Funding product volume grew approximately 50% compared to Q2 2021 [10] - The consumer payments side saw a record quarter with 225 credit union clients, indicating growth in that segment [8] Market Data and Key Metrics Changes - The personal loan market is experiencing mixed signals, with lenders tightening credit standards due to increased delinquencies [11][32] - Auto lending demand remains strong, but the market is supply constrained, affecting affordability [12] - The company expects the recovery in the personal loan market to take longer than initially anticipated [11] Company Strategy and Development Direction - The company aims for mid-teens organic growth in 2023, supported by a diverse underpenetrated market and a large distribution network [18] - Focus on sustainable growth with strong unit economics, optimizing processing infrastructure to reduce costs [20] - The company is actively pursuing strategic M&A opportunities to enhance scale and market competitiveness [22][81] Management's Comments on Operating Environment and Future Outlook - Management noted that while the macro environment is uncertain, they expect strong demand for their payment solutions to continue [30] - The company anticipates growth in the B2B segment, particularly in the AP Media vertical, driven by political ad spending [16][30] - Management expressed confidence in navigating potential downturns, citing the resilience of their medium to enterprise customer base [58][96] Other Important Information - The company has $60 million in cash and access to $165 million of undrawn revolver capacity, providing a total liquidity of $225 million [27] - The share repurchase program has been implemented, indicating confidence in the company's valuation [22][82] Q&A Session Summary Question: Details on personal loan vertical - Management indicated strong demand but noted lenders are tightening credit standards due to increased delinquencies [32] Question: Organic growth expectations for next year - The company expects to exit 2022 with about 20% organic growth, with B2B expected to grow north of 25% [33] Question: Trends in auto loans - Management noted long-duration portfolios in auto loans are less impacted by delinquencies compared to personal loans [37] Question: Instant Funding growth trajectory - Instant Funding is growing faster than originations, with a shift towards digital transactions [44] Question: M&A appetite and pipeline - The company has a healthy pipeline for M&A opportunities and is being prudent with capital allocation [81] Question: B2B business growth strategy - The company plans to expand its supplier network and continue investing in product and technology for B2B growth [89]

PART I – FINANCIAL INFORMATION [Item 1. Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Repay Holdings Corporation as of June 30, 2022, including balance sheets, statements of operations, comprehensive income, changes in equity, and cash flows [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets decreased slightly to **$1.64 billion** from **$1.69 billion** at year-end 2021, driven by reductions in intangible assets and tax receivable liability, while total equity increased to **$930.2 million** Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$1,641,281** | **$1,685,839** | | Cash and cash equivalents | $60,375 | $50,049 | | Intangible assets, net | $535,796 | $577,694 | | Goodwill | $827,802 | $824,082 | | **Total Liabilities** | **$711,067** | **$772,803** | | Long-term debt | $449,896 | $448,485 | | Tax receivable agreement | $201,924 | $245,828 | | **Total Equity** | **$930,215** | **$913,036** | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Revenue for Q2 2022 grew **39.3%** to **$67.4 million**, and for the six-month period, revenue increased **40.7%** to **$135.0 million**, resulting in a net income of **$11.5 million** primarily due to a **$44.1 million** positive change in the fair value of the tax receivable liability Statement of Operations Summary (in thousands) | Metric | Q2 2022 | Q2 2021 | YoY Change | H1 2022 | H1 2021 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | **$67,435** | **$48,412** | **+39.3%** | **$134,999** | **$95,932** | **+40.7%** | | Loss from operations | ($16,567) | ($12,330) | -34.4% | ($23,475) | ($21,119) | -11.2% | | **Net Income (Loss)** | **($1,353)** | **($13,350)** | **+89.9%** | **$11,534** | **($31,331)** | **+136.8%** | | Net Income (Loss) attributable to Company | $9 | ($12,269) | +100.1% | $13,663 | ($28,063) | +148.7% | | Diluted EPS | $0.00 | ($0.15) | N/A | $0.12 | ($0.36) | N/A | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities increased to **$27.1 million** for the six months ended June 30, 2022, while net cash used in investing activities was **$16.6 million** and financing activities used **$7.2 million** Cash Flow Summary - Six Months Ended June 30 (in thousands) | Cash Flow Category | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $27,061 | $16,867 | | Net cash used in investing activities | ($16,649) | ($286,510) | | Net cash (used in) provided by financing activities | ($7,222) | $303,676 | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's performance, highlighting a **34%** year-over-year increase in card payment volume to **$6.2 billion** in Q2 2022, strong revenue growth, and robust liquidity [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Revenue for Q2 2022 increased by **$19.0 million (39.3%)** to **$67.4 million**, with acquisitions contributing approximately **$14.2 million**, while expenses rose due to acquisition-related costs and increased compensation - Total card payment volume grew approximately **34%** to **$6.2 billion** for the three months ended June 30, 2022, compared to the same period in 2021[116](index=116&type=chunk) - For Q2 2022, incremental revenues of approximately **$14.2 million** are attributable to the acquisitions of BillingTree, Kontrol and Payix[127](index=127&type=chunk) - Selling, general and administrative expenses increased by **$9.6 million (32.5%)** in Q2 2022, primarily due to a **$6.1 million** increase in compensation expenses and a **$1.9 million** increase in software and technological services expenses related to integrating acquired businesses[129](index=129&type=chunk) [Non-GAAP Financial Measures](index=32&type=section&id=Non-GAAP%20Financial%20Measures) The company reported strong growth in non-GAAP metrics, with Q2 2022 Adjusted EBITDA increasing **35.5%** to **$27.6 million** and Adjusted Net Income growing **15.0%** to **$16.1 million**, driven by organic growth and acquisitions Non-GAAP Performance Summary (in millions) | Metric | Q2 2022 | Q2 2021 | YoY Change | H1 2022 | H1 2021 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $27.6 | $20.4 | +35.5% | $57.0 | $40.9 | +39.4% | | Adjusted Net Income | $16.1 | $14.0 | +15.0% | $34.5 | $29.1 | +18.6% | - Adjusted Net Income per share was **$0.17** for Q2 2022, compared to **$0.16** in Q2 2021[161](index=161&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2022, the company maintained a solid liquidity position with **$60.4 million** in cash and cash equivalents and **$165.0 million** available under its Amended Credit Agreement, alongside a **$50 million** share repurchase program - The company's liquidity as of June 30, 2022, included **$60.4 million** of cash and cash equivalents and **$165.0 million** of available borrowing capacity[173](index=173&type=chunk) - A **$50 million** share repurchase program was approved on May 16, 2022, under which **100,803 shares** were repurchased for approximately **$1.15 million** during Q2 2022[176](index=176&type=chunk) - Total outstanding debt as of June 30, 2022, consisted of **$440.0 million** in 0.00% Convertible Senior Notes due 2026 and **$20.0 million** drawn on the revolving credit facility[83](index=83&type=chunk)[188](index=188&type=chunk)[189](index=189&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company identifies interest rate risk as its primary market risk due to variable-rate debt, noting the upcoming transition away from LIBOR, while inflation and foreign currency risks are not currently significant - The company is exposed to market risk from changes in interest rates on its floating-rate debt, with borrowings under the Amended Credit Agreement accruing interest based on rates such as LIBOR[197](index=197&type=chunk) - The company is monitoring the planned phase-out of LIBOR by June 30, 2023, which may cause unpredictable effects on its interest payment obligations[200](index=200&type=chunk) [Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on management's evaluation, including the CEO and CFO, the company's disclosure controls and procedures were effective as of June 30, 2022, with ongoing integration of acquired business controls - The Chief Executive Officer and Chief Financial Officer concluded that as of June 30, 2022, the company's disclosure controls and procedures were effective[203](index=203&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company states that while involved in various legal actions, no currently pending proceedings are expected to have a material adverse effect on its business or financial condition - The company does not believe any currently pending legal proceeding will have a material adverse effect on its business, prospects, financial condition, cash flows or results of operations[206](index=206&type=chunk) [Risk Factors](index=43&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, 2021 - No material changes have occurred with respect to the risk factors disclosed in the company's 2021 Form 10-K[207](index=207&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase activities during Q2 2022, with **151,597 shares** purchased at an average price of **$11.34**, including **100,803 shares** under the new **$50 million** program, leaving approximately **$49 million** available Share Repurchases for Q2 2022 | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased Under Program | Remaining Value Under Program | | :--- | :--- | :--- | :--- | :--- | | **Total Q2 2022** | **151,597** | **$11.34** | **100,803** | **$49,000,000** | [Other Items (3, 4, 5, 6)](index=43&type=section&id=Other%20Items) The company reported no defaults upon senior securities, no mine safety disclosures, and no other information requiring disclosure under Item 5, with Item 6 listing filed exhibits including officer certifications - The company reported "None" for Item 3 (Defaults Upon Senior Securities), Item 4 (Mine Safety Disclosures), and Item 5 (Other Information)[209](index=209&type=chunk)[210](index=210&type=chunk)[211](index=211&type=chunk)

Exhibit 99.2 Q1 2022 Earnings Supplement May 2022 Disclaimer 1 Repay Holdings Corporation ("REPAY" or the "Company") is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission ("SEC") Such filings, which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect REPAY's business, results of operations and financial condition. Forward-Looking Statements This p ...

Financial Data and Key Metrics Changes - In Q1 2022, the company reported card payment volume growth of 39%, total revenue growth of 42%, and gross profit growth of 46% [4][15] - Card payment volume reached $6.4 billion, total revenue was $67.6 million, and gross profit was $51 million [15][19] - Adjusted EBITDA for Q1 was $29.3 million, an increase of 43% year-over-year, with adjusted EBITDA as a percentage of total revenue at 43% [19] Business Line Data and Key Metrics Changes - The business payments vertical is targeting a total addressable market (TAM) of $3.4 trillion and performed well, with significant growth in B2B software integrations [5][6] - The consumer payments segment saw strong performance, particularly in personal loans, with volumes boosted by tax refund season [8][9] - The mortgage service and payment business experienced growth from existing customers, with instant funding volume up 70% compared to Q1 2021 [10] Market Data and Key Metrics Changes - The personal loan market saw a 31% increase in originations year-over-year, with total nonmortgage consumer debt reaching $4.33 trillion [9] - The auto loan business is focused on used car payments, which are growing rapidly due to high demand and prices [9] - The company has expanded its supplier network to over 127,000, contributing to its B2B growth strategy [17][58] Company Strategy and Development Direction - The company is focused on increasing card penetration across all verticals and optimizing processing infrastructure to reduce costs [12][13] - Strategic M&A remains a key focus, with the company looking for attractive opportunities to enhance long-term growth [14][30] - The company aims to capitalize on the secular trends towards frictionless digital payments, which are expected to drive business growth for years to come [12][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of personal loans and the overall recovery in healthcare, which supports the positive outlook for the remainder of the year [21][46] - The company anticipates organic growth to gradually increase throughout the year, with stronger growth expected in the second half [22][46] - Management reiterated guidance for 2022, projecting volumes between $27 billion and $28 billion and total revenue between $296 million and $306 million [21] Other Important Information - The company had $65 million in cash and access to $165 million in undrawn revolver capacity, totaling $230 million in liquidity as of March 31 [20] - The company expects to maintain a combined pro forma net leverage of approximately 3.5x, which is projected to decrease to below 3.3x by the end of 2022 [19] Q&A Session Summary Question: Can you provide insights on macro assumptions in your guidance? - Management noted that the recovery in personal loans and healthcare, along with strong demand in the used car market, are key drivers for growth [23][25] Question: Are you seeing lenders seeking repayment options? - Management indicated that consumer health is strong, and there is great demand for personal loans, which supports their positive outlook [31][32] Question: Can you elaborate on the B2B business growth? - Management clarified that growth in B2B is primarily from moving businesses to electronic payments rather than competitive takeaways [34][35] Question: What is the outlook for the second quarter? - Management expects slight sequential decline from Q1 due to the end of tax refund season but anticipates organic growth to be higher in Q2 [36][38] Question: Is the go-to-market strategy fully consolidated under TotalPay? - Management confirmed that Repay is the single brand, with TotalPay describing the comprehensive solution for both sending and receiving funds [40][41] Question: What is the outlook for the full year? - Management reiterated confidence in the full year outlook, citing strong underlying business momentum and recovery in healthcare [46][47] Question: How is the instant funding solution performing? - Management reported a 70% growth in instant funding, indicating it drives competitive differentiation and influences repayment mechanisms [49][50] Question: What are the expectations for gross profit margins? - Management expects gross profit margins to potentially be higher for the remainder of the year due to the conversion of BillingTree back to the RCS platform [52][53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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 001-38531 Repay Holdings Corporation (Exact name of Registrant as specified in its Charter) Delaware 98-1496050 (State or other juri ...