#1nuvei First Quarter 2023 000 Earnings Supplement May 10, 2023 +$#22 Disclaimer nuvei General All references in this presentation to “Nuvei”, the “Company,” “we,” “our,” “ours,” “us” or similar terms refer to Nuvei Corporation, together with its subsidiaries. All references to “$”, “US$”, “dollars” and “U.S. dollars” are to United States dollars and all references to “C$" are to Canadian dollars. Non-IFRS and Other Financial Measures Nuvei's unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS, applicable to the preparation of interim financial statements, including International Accounting Standard ("IAS") 34, Interim Financial Reporting, as issued by the International Accounting Standards Board. The information presented in this presentation includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Revenue at constant currency, Revenue growth at constant currency, Organic Revenue at constant currency, Organic revenue growth at constant currency, Organic revenue excluding digital assets and cryptocurrencies at constant currency, Organic revenue growth excluding digital assets and cryptocurrencies at constant currency, Organic global eCommerce revenue excluding digital assets and cryptocurrencies at constant currency, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Adjusted EBITDA less capital expenditures, Total volume, Total volume at constant currency, Total organic volume at constant currency and eCommerce volume. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from our perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial statements reported under IFRS. These measures are used to provide investors with additional insight of our operating performance and thus highlight trends in Nuvei's business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use these non-IFRS and other financial measures in the evaluation of issuers. We also use these measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We believe these measures are important additional measures of our performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company's underlying operating performance. See Appendix for a reconciliation of each of these measures to the nearest IFRS measure.#33 Our Purpose Accelerating our customers' business nuvei How We Do It By being flexible and agile, we provide the payment technology and insights our customers and partners need to succeed locally and globally with one integration#44 Nuvei at a Glance eCommerce % of Total Volume ~90% Local Acquiring Markets 47 Currencies ~150 Global Markets 200+ Payment Methods 600+ Team Members 2,000+ Canada (Global HQ) United States Mexico Colombia Key relationships, licenses & memberships: Brazil Argentina mastercard. United Kingdom Spain LIETUVOS BANKAS Netherlands EUROSISTEMA Romania VISA B BANCO DE MÉXKO Italy Cyprus Lithuania Bulgaria Israel UnionPay ER EX United Arab Emirates DISCOVER De Nederlandsche Bank Eurosysteem AM EX COMISION CNBV NACIONAL BANCARIA Y DE VALORES China Singapore Interac CENTRAL BANK OF CYPRUS EUROSYSTEM nuvei Australia FCA FINANCIAL CONDUCTO#5LO 5 Harnessing Our Full-Stack of Capabilities to Support Our Customers and Partners Our modern, scalable, modular technology platform available “a la carte" goes far beyond acquiring ? Global eCommerce Customers ³ </> Vertical Software Providers B2B Customers Ⓡ Cashier 47 Local Acquiring Markets NATIVE COMMERCE PLATFORM 18= Customer Authentication Ⓡ 옳 Payment Risk Management Orchestration Reporting ·B· Currency Open 600+ APMs and Banking Cryptocurrencies Management Payments m Global Gateway Card Issuing Banking as a Service <> On/Off Ramp Global & Instant Payouts Omnichannel Payments Q Data Analytics & Reconciliation Chargeback Value Added Guarantee Services nuvei 11 Payment Networks Banks#6Q1 2023 Key Takeaways Strong Growth Integration On Plan Investing in Business Capital Allocation ● ● ● ● ● ● Total volume(¹) increased 45%. Total organic volume growth at constant currency(¹) was 29% Revenue of $256M increased 20%. Organic revenue growth excluding digital assets and cryptocurrencies at constant currency(²) was 26% ($170M in Q1'22 vs $214M in Q1'23) Organic global eCommerce channel growth was 37% at constant currency excluding digital assets and cryptocurrencies Focused on accelerating go-to-market strategy Identified $50M to $100M of revenue synergy opportunities above Paya's standalone "base-case" by 2027 Started to execute on estimated $21M cost synergies target, majority expected to be recognized towards end of 24-month period following completion of acquisition Continue to invest in commercial, technology and product teams Tech investments increased by ~40% Y/Y; capex is within medium-term target range Progressing across unified commerce, embedded finance and open banking initiatives Renewed normal-course issuer bid ("NCIB") in March Purchased 1.35 million shares in Q1'23 (~2% of public float) for $56M Implemented an automatic share repurchase plan ("ASPP"), allows Nuvei to purchase shares during blackout periods under predefined terms (1) Total volume and Total volume at constant currency do not represent revenue earned by the Company, but rather the total dollar value of transactions processed by customers under contractual agreement with the Company. See "Supplementary Financial Measures". (2) Organic revenue excluding digital assets and cryptocurrencies at constant currency growth is a non-IFRS ratio. This ratio is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See "Non-IFRS and Other Financial Measures". nuvei#77 Multiple Capital Allocation Alternatives To Drive Shareholder Value Organic Growth Strategic Acquisitions Capital Structure ● ● Investments in people, product and technology Selective acquisitions which add capabilities, geographic reach and/or scale Governance and stewardship around alternatives ● ● (1) Includes new team members from Paya acquisition. Share repurchase Flexibility to repay debt early Good M $} ● Added 359(1) new team members in Q1 2023 Investments in technology in the first quarter increased approximately 40% YoY Completed Paya acquisition Ongoing active pipeline nuvei Repurchased 1.35 million shares for ~$56M in Q1'23 (~2% of public float) Returned $223M to shareholders in the form of stock buybacks since 2022 Continue with a disciplined capital allocation strategy#8Paya Acquisition Overview nuvei Leading Global Payment Technology Platform -OD- paya Leading Integrated Software and Payments Platform EXCELLENCE Nuvei completed the acquisition of Paya on February 22, 2023 Creates a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and B2B verticals ✓ INNOVATION Combines two people-first, technology-led, high-growth payment platforms Complementary and additive geographies, capabilities, end- markets and verticals Achievable plan to integrate, realize synergies and unlock new growth vectors Shared Strategy, Vision and Values PEOPLE-FIRST GROWTH TECHNOLOGY-LED INTEGRITY nuvei RELATIONSHIPS#9Paya Acquisition Strategic Rationale nuvei kapaya 1 2 3 4 5 Enhances Nuvei's ability to execute on high-growth integrated payment opportunities Diversifies Nuvei's business across high-growth, underpenetrated and non-cyclical end markets including B2B, non-profit, healthcare, government, and utilities nuvei Expands Nuvei's capabilities into large and growing B2B vertical Amplifies Nuvei's existing growth strategy Reinforces Nuvei's compelling financial profile#1010 Total Volume Growth Total Volume(¹) ($B) $29.2 Q1 2022 +45% Y/Y $42.4 Q1 2023 Total Volume at Constant Currency(¹) ($B) $29.2 Q1 2022 +48% Y/Y $43.2 Q1 2023 Organic Total Volume at Constant Currency(¹) ($B) $29.2 Q1 2022 nuvei +29% Y/Y $37.8 Q1 2023 (1) Total volume and Total volume at constant currency do not represent revenue earned by the Company, but rather the total dollar value of transactions processed by customers under contractual agreement with the Company. See "Supplementary Financial Measures".#1111 Revenue Growth $214.5 Revenue ($M) Q1 2022 +20% Y/Y $256.5 Q1 2023 Revenue at Constant Currency(¹) ($M) $214.5 Q1 2022 +22% Y/Y $262.6 Q1 2023 nuvei Organic Revenue Excluding Digital Assets and Cryptocurrencies at Constant Currency(¹) ($M) $170.0 Q1 2022 +26% Y/Y $214.0 Q1 2023 (1) Revenue at constant currency and Organic Revenue Excluding Digital Assets and Cryptocurrencies at Constant Currency are non-IFRS measures. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Please find the reconciliation to the nearest IFRS measure in the Appendix. See also "Non-IFRS Financial Measures".#1212 Strong Margin Profile and Cash Generation While Reinvesting for Future Growth (1) nuvei Faced >$30M of revenue headwinds in Q1 2023, inclusive of ~$27M from digital assets and cryptocurrencies, the majority of which flow to the bottom line Adjusted EBITDA(¹) ($M) & Margin (%) $91.6 43% Q1 2022 +5% Y/Y $96.3 38% Q1 2023 As a percentage of revenue Adjusted EBITDA Less Capex(¹) ($M) $82.5 Q1 2022 +1% Y/Y $83.6 Q1 2023 Results include Paya-related integration and one- time acquisition costs of ~$20M in Q1 2023 $4.5 Net Income ($M) & Margin (%) 2% Q1 2022 -3% -$8.3 Q1 2023 As a percentage of revenue Adjusted EBITDA and Adjusted EBITDA less CAPEX are non-IFRS measures. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Please find the reconciliation to the nearest IFRS measure in the Appendix. See also "Non-IFRS Financial Measures".#1313 Total Volume Growth $29.2 Q1 2022 $30.1 Q2 2022 Total Volume ($B)(¹) +45% Y/Y $28.0 Q3 2022 $40.3 Q4 2022 nuvei $42.4 Q1 2023 (1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by customers under contractual agreement with the Company. See "Supplementary Financial Measures"#1414 Revenue Growth $214.5 Q1 2022 $211.3 Q2 2022 Revenue ($M) +20% Y/Y $197.1 Q3 2022 $220.3 Q4 2022 nuvei $256.5 Q1 2023#1515 Revenue by Region North America ($M) Ecommerce Direct Channel grew 51% Y/Y in the first quarter to $37.9 million $80.7 Q1 2022 +55% Y/Y $6.4 Latin America ($M) Q1 2022 $124.7 Results accelerated rapidly driven by investments in the region Q1 2023 +68% Y/Y $10.8 Q1 2023 Europe, Middle East & Africa ($M) Results were impacted by fluctuations in foreign currency and volatility in digital assets $124.6 Q1 2022 $2.9 (4%) Y/Y Q1 2022 $119.8 Asia-Pacific ($M) Revenue decreased from a small base, however processed volume increased and momentum with customers is accelerating in this emerging region (60%) Y/Y Q1 2023 nuvei $1.1 Q1 2023#1616 Net Income and Adjusted EBITDA (1) Net Income ($M) and Margin (%) Results include Paya-related integration and one-time acquisition costs of ~$20M in Q1 2023 $4.5 2% Q1 2022 $35.1 17% Q2 2022 $13.0 7% Q3 2022 $9.4 4% Q4 2022 (3%) Q1 2023 ($8.3) Adjusted EBITDA ($M) and Adjusted EBITDA Margin (%)(¹) $91.6 43% Q1 2022 As a percentage of revenue $92.9 44% Q2 2022 5% Y/Y $81.2 41% Q3 2022 $85.7 39% nuvei Q4 2022 $96.3 38% Q1 2023 Adjusted EBITDA and Adjusted EBITDA margin are non-IFRS measures and non-IFRS ratios. These measures are not recognized under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Please find the reconciliation to the nearest IFRS measure in the Appendix. See also "Non-IFRS Financial Measures".#17Net Income and Adjusted EBITDA Less Capital Expenditures Net Income ($M) and Margin (%) Results include Paya-related integration and one-time acquisition costs of ~$20M in Q1 2023 17 (1) $4.5 2% Q1 2022 $35.1 17% Q2 2022 $13.0 7% Q3 2022 $9.4 4% Q4 2022 (3%) Q1 2023 ($8.3) Adjusted EBITDA Less Capital Expenditures ($M)(¹) $82.5 Q1 2022 ntage of revenue $80.8 Q2 2022 16% Y/Y $68.5 Q3 2022 $71.2 nuvei Q4 2022 $83.6 Q1 2023 Adjusted EBITDA less Capital Expenditures is a non-IFRS measure. This measure is not recognized under IFRS and does not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See "Non-IFRS Financial Measures." See Appendix for a reconciliation to the nearest IFRS measure.#1818 Net Income and Adjusted Net Income per Diluted Share Net Income per Diluted Share(¹) Results include Paya-related integration and one-time acquisition costs of $0.12 per diluted share in Q1 2023 $0.02 Q1 2022 $0.23 $0.08 $0.06 Q2 2022 Q3 2022 Q4 2022 Q1 2023 ($0.07) $0.46 Adjusted Net Income per Diluted Share(2) $0.51 (4%) Y/Y $0.43 nuvei $0.47 $0.44 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 (1) Results include one-time Paya-related acquisition and integration costs of approximately $20 million in Q1 2023. (2) Adjusted net income per diluted share is a non-IFRS measure. This measure is not recognized under IFRS and does not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Please find the reconciliation to the nearest IFRS measure in the Appendix. See also "Non-IFRS Financial Measures".#1919 Financial Outlook For the three months ending June 30, 2023 and the fiscal year ending December 31, 2023, Nuvei anticipates Total volume(¹), Revenue, Revenue at constant currency and Adjusted EBITDA (2) to be in the ranges below. The Company has raised the low end of its prior financial outlook for fiscal 2023 by the amount of the first quarter's outperformance. Nuvei continues to expect Organic revenue growth excluding digital assets and cryptocurrencies at constant currency to be between 23% and 28% for the fiscal year ending December 31, 2023. (In US dollars) Total volume(¹) (in billions) Revenue (in millions) Revenue at constant currency(2) (in millions) Adjusted EBITDA(2) (in millions) Three months endi 2023 Forward-looking 50 - 52 300-308 301 - 309 105-110 June 30, Year December 31, 2023 Forward-looking 196 - 202 1,225 - 1,264 1,226 - 1,266 456-477 The financial outlook is fully qualified and based on a number of assumptions and subject to a number of risks described under the heading "Forward-Looking Information" of this presentation. Nuvei's outlook also constitutes "financial outlook" within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company's financial performance and measuring progress toward management's objectives and the reader is cautioned that it may not be appropriate for other purposes. Other than with respect to revenue, the Company only provides guidance on a non-IFRS basis. The Company does not provide a reconciliation of forward-looking revenue at constant currency (non-IFRS), Organic revenue growth excluding digital assets and cryptocurrencies at constant currency (non-IFRS) to revenue, and Adjusted EBITDA (non-IFRS) to net income (loss) due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation such as predicting the future impact and timing of acquisitions and divestitures, foreign exchange rates and the volatility in digital assets. In periods where significant acquisitions or divestitures are not expected, the Company believes it might have a basis for forecasting the IFRS equivalent for certain costs, such as employee benefits, commissions and depreciation and amortization. However, because other deductions such as share-based payments, net finance costs, gain (loss) on financial instruments carried at fair market value and current and deferred income taxes used to calculate projected net income (loss) can vary significantly based on actual events, the Company is not able to forecast on an IFRS basis with reasonable certainty all deductions needed in order to provide an IFRS calculation of projected net income (loss). The amount of these deductions may be material and, therefore, could result in projected IFRS net income (loss) being materially less than projected Adjusted EBITDA (non-IFRS). These statements represent forward-looking information and may represent a financial outlook, and actual results may vary. See the risk and assumptions described under the heading "Forward-looking information" of this presentation. (1) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. See "Supplementary Financial Measures" above. (2) Adjusted EBITDA and Revenue at constant currency are non-IFRS measures. See "Non-IFRS Measures". nuvei#2020 Growth Targets Revenue Adjusted EBITDA margin(¹) Capital expenditures(4) Growth Targets (³) 20%+ annual year-over-year growth in the medium-term(²) 50%+ over the long-term (2) 4% -6% of Revenue over the medium-term(²) Nuvei's medium-term(2) annual growth target for revenue, as well as its medium-term(2) target for capital expenditures (acquisition of intangible assets and property and equipment) as a % of revenue and long-term target for Adjusted EBITDA margin(¹), are shown in the table below. Nuvei's targets are intended to provide insight into the execution of our strategy as it relates to growth, profitability and cash generation. nuvei (1) Adjusted EBITDA margin is a non-IFRS ratio. See "Non-IFRS Measures". (2) The Company defines "Medium-term" as between three and five years and "long-term" as five to seven years. These targets should not be considered as projections, forecasts or expected results but rather goals that we seek to achieve from the execution of our strategy over time. These growth targets are fully qualified and based on a number of assumptions and subject to a number of risks described under the heading "Forward-Looking Information" of this presentation. These targets are provided for the purposes of assisting the reader in understanding the Company's financial performance and measuring progress toward management's objectives and the reader is cautioned that they may not be appropriate for other purposes. (3) These growth targets are fully qualified and based on a number of assumptions and subject to a number of risks as described under the heading "Forward-looking Information" of this presentation. These growth targets serve as guideposts as we execute on our strategic priorities, and they assume a normal business environment, continuing momentum and performance of the Company's core business and favorable tailwinds of the verticals it serves. We will review and revise these growth targets as economic, market and regulatory environments change. (4) Capital expenditures means acquisition of Property and equipment and acquisition of intangible assets.#21Appendix nuvei#2222 Non-IFRS Financial Measures nuvei Non-IFRS Financial Measures Revenue at constant currency: Revenue at constant currency means revenue adjusted for the impact of foreign currency exchange fluctuations. This measure helps provide insight on comparable revenue growth by removing the effect of changes in foreign currency exchange rates year-over-year. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. Organic revenue at constant currency: Organic revenue at constant currency means revenue, as determined under IFRS, adjusted to exclude the revenue attributable to acquired businesses for a period of 12 months following their acquisition and excluding revenue attributable to divested businesses, adjusted for the impact of foreign currency exchange fluctuations. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. This measure helps provide insight on organic and acquisition-related growth and presents useful information about comparable revenue growth. Organic revenue excluding digital assets and cryptocurrencies at constant currency: Organic revenue excluding digital assets and cryptocurrencies at constant currency means revenue excluding the revenue attributable to acquired businesses for a period of 12 months following their acquisition and excluding revenue attributable to divested businesses and digital assets and cryptocurrencies, and adjusted for the impact of foreign currency exchange fluctuations. This measure helps provide insight on comparable revenue growth by removing the effect of volatility in digital assets and cryptocurrencies and changes in foreign currency exchange rates year-over-year. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. The revenue attributable to digital assets and cryptocurrencies is calculated in accordance with the accounting policies used to prepare the revenue line item presented in the Company's fin cial statements under IFRS. Organic Global eCommerce revenue excluding digital assets and cryptocurrencies at constant currency: Organic Global eCommerce revenue excluding digital assets and cryptocurrencies at constant currency means revenue of our global eCommerce channel excluding the revenue attributable to acquired businesses for a period of 12 months following their acquisition and excluding revenue attributable to divested businesses and digital assets and cryptocurrencies, and adjusted for the impact of foreign currency exchange fluctuations. This measure helps provide insight on comparable revenue growth in our global eCommerce channel by removing the effect of volatility in digital assets and cryptocurrencies and changes in foreign currency exchange rates year-over-year. Foreign currency exchange impact int he current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. The revenue attributable to digital assets and cryptocurrencies and the revenue attributable to our global eCommerce are calculated in accordance with the accounting policies used to prepare the revenue line item presented in the Company's financial statement under IFRS. Adjusted EBITDA: We use Adjusted EBITDA as a means to evaluate operating performance, by eliminating the impact of non-operational or non-cash items. Adjusted EBITDA is defined as net income (loss) before finance costs (recovery), finance income, depreciation and amortization, income tax expense, acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, and legal settlement and other.#2323 Non-IFRS Financial Measures nuvei Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (which we define as acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance. Adjusted net income: We use Adjusted net income as an indicator of business performance and profitability with our current tax and capital structure. Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, amortization of acquisition-related intangible assets, and the related income tax expense or recovery for these items. Adjusted net income also excludes change in redemption value of liability-classified common and preferred shares, change in fair value of share repurchase liability and accelerated amortization of deferred transaction costs and legal settlement and other. Non-IFRS Financial Ratios Revenue growth at constant currency: Revenue growth at constant currency means the year-over-year change in Revenue at constant currency divided by reported revenue in the prior period. We use Revenue growth at constant currency to provide better comparability of revenue trends year-over-year, without the impact of fluctuations in foreign currency exchange rates. Organic revenue growth at constant currency: Organic revenue growth at constant currency means the year-over-year change in Organic revenue at constant currency divided by comparable Organic revenue in the prior period. We use Organic revenue growth at constant currency to provide better comparability of revenue trends year-over-year, without the impact of acquisitions, divestitures and fluctuations in foreign currency exchanges rates. Organic revenue growth excluding digital assets and cryptocurrencies at constant currency: Organic revenue growth excluding digital assets and cryptocurrencies at constant currency means the year-over-year change in Organic revenue excluding digital assets and cryptocurrencies at constant currency divided by comparable Organic revenue excluding digital assets and cryptocurrencies in the prior period. We use Organic revenue growth excluding digital assets and cryptocurrencies at constant currency to provide better comparability of revenue trends year-over-year, without the impact of acquisitions, divestitures, volatility in digital assets and cryptocurrencies and fluctuations in foreign currency exchange rates. Organic global eCommerce revenue growth excluding digital assets and cryptocurrencies at constant currency: Organic global eCommerce revenue growth excluding digital assets and cryptocurrencies at constant currency means the year-over-year change in Organic global eCommerce revenue excluding digital assets and cryptocurrencies at constant currency divided by comparable organic global eCommerce revenue excluding digital assets and cryptocurrencies in the prior period. We use Organic global eCommerce revenue growth excluding digital assets and cryptocurrencies at constant currency to provide better comparability of revenue trends year-over-year in our global eCommerce channel, without the impact of acquisitions, divestitures, volatility in digital assets and cryptocurrencies and fluctuations in foreign currency exchange rates. Adjusted EBITDA margin: Adjusted EBITDA margin means Adjusted EBITDA divided by revenue.#2424 Non-IFRS Financial Measures nuvei Adjusted net income per basic share and per diluted share: We use Adjusted net income per basic share and per diluted share as an indicator of performance and profitability of our business on a per share basis. Adjusted net income per basic share and per diluted share means Adjusted net income less net income attributable to non-controlling interest divided by the basic and diluted weighted average number of common shares outstanding for the period. The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS. Supplementary Financial Measures Total volume and eCommerce volume: We believe Total volume and eCommerce volume are indicators of performance of our business. Total volume and similar measures are used widely among others in the payments industry as a means of evaluating a company's performance. We define Total volume as the total dollar value of transactions processed in the period by customers under contractual agreement with us. eCommerce volume is the portion of Total volume for which the transaction did not occur at a physical location. Total volume and eCommerce volume do not represent revenue earned by us. Total volume includes acquiring volume, where we are in the flow of funds in the settlement transaction cycle, gateway/technology volume, where we provide our gateway/technology services but are not in the flow of funds in the settlement transaction cycle, as well as the total dollar value of transactions processed relating to APMs and payouts. Since our revenue is primarily sales volume and transaction-based, generated from merchants' daily sales and through various fees for value-added services provided to our customers, fluctuations in Total volume will generally impact our revenue. Total volume at constant currency: Total volume at constant currency is used as an indicator of performance of our business on a more comparable foreign currency exchange basis. Total volume at constant currency means Total volume adjusted for the impact of foreign currency exchange fluctuations. This measure helps provide better comparability of business trends year-over-year, without the impact of fluctuations in foreign currency exchange rates. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts. Total organic volume at constant currency: Total organic volume at constant currency is used as an indicator of performance of our business on a more comparable basis. This measure helps provide insight on organic and acquisition-related growth and presents useful information about comparable Total volume growth. Total organic volume at constant currency means Total volume excluding Total volume attributable to acquired businesses for a period of 12 months following their acquisition and excluding Total volume attributable to divested businesses, adjusted for the impact of foreign currency exchange fluctuations. Foreign currency exchange impact in the current period is calculated using prior period quarterly average exchange rates applied to the current period foreign currency amounts.#2525 Statements of Profit or Loss Statements of Profit or Loss and Comprehensive Income or Loss Data (in thousands of US dollars except for shares and per share amounts) Revenue Cost of revenue Gross profit Selling, general and administrative expenses Operating profit Finance income Finance cost Net finance cost Loss (gain) on foreign currency exchange Income (loss) before income tax Income tax expense Net income (loss) Net income (loss) attributable to: Common shareholders of the Company Non-controlling interest Net income (loss) per share Net income (loss) per share attributable to common shareholders of the Company Basic Diluted Weighted average number of common shares outstanding Basic Diluted 2023 $ 256,498 54,596 201,902 194,618 7,284 (5,375) 18,468 13,093 (1,398) (4,411) 3,878 (8,289) (9,778) 1,489 (8,289) (0.07) (0.07) 139,655,258 139,655,258 Three months ended March 31 2022 $ 214,544 46,916 167,628 146,812 20,816 (631) 7,741 7,110 580 13,126 8,612 4,514 3,003 1,511 4,514 0.02 0.02 142,862,946 146,604,820 nuvei#2626 Consolidated Statements of Financial Position Data Consolidated Statements of Financial Position Data (in thousands of US dollars) Assets Current assets Cash and cash equivalents Trade and other receivables Inventory Prepaid expenses Income taxes receivable Current portion of advances to third parties Current portion of contract assets Total current assets before segregated funds Segregated funds Total current assets Non-current assets Advances to third parties Property and equipment Intangible assets Goodwill Deferred tax assets Contract assets Processor and other deposits Other non-current assets Total Assets March 31, 2023 $ 132,829 88,396 2,543 22,492 2,394 146 1,418 250,218 872,476 1,122,694 37,719 1,364,850 1,979,436 1,224 750 5,185 28,560 4,540,418 December 31, 2022 $ 751,686 61,228 2,117 12,254 3,126 579 1,215 832,205 823,666 1,655,871 1,721 31,881 694,995 1,114,593 17,172 997 4,757 2,682 3,524,669 nuvei#2727 Consolidated Statements of Financial Position Data (cont'd) Consolidated Statements of Financial Position Data (in thousands of US dollars) Liabilities Current liabilities Trade and other payables Income taxes payable Current portion of loans and borrowings Other current liabilities Total current liabilities before due to merchants Due to merchants Total current liabilities Non-current liabilities Loans and borrowings Deferred tax liabilities Other non-current liabilities Total Liabilities Equity Equity attributable to shareholders Share capital Contributed surplus Deficit Accumulated other comprehensive loss Non-controlling interest Total Equity Total Liabilities and Equity March 31, 2023 166,260 27,540 40,755 6,420 240,975 872,476 1,113,451 1,289,162 166,972 2,428 2,572,013 1,948,196 241,070 (198,748) (34,361) 1,956,157 12,248 1,968,405 4,540,418 December 31, 2022 $ 125,533 16,864 8,652 4,224 155,273 823,666 978,939 502,102 61,704 2,434 1,545,179 1,972,592 202,435 (166,877) (39,419) 1,968,731 10,759 1,979,490 3,524,669 nuvei#2828 Consolidated Statements of Cash Flow Data Consolidated Statements of Cash Flow Data (in thousands of US dollars) Cash flow from operating activities Net income (loss) Adjustments for: Depreciation of property and equipment Amortization of intangible assets Amortization of contract assets Share-based payments Net finance cost Loss (gain) on foreign currency exchange Income tax expense Changes in non-cash working capital items Interest paid Interest received Income taxes paid - net Cash flow used in investing activities Business acquisitions, net of cash acquired Acquisition of property and equipment Acquisition of intangible assets Acquisition of distributor commissions Increase in other non-current assets Net decrease in advances to third parties 2023 $ (8,289) 3,110 24,546 368 35,573 13,093 (1,398) 3,878 (9,126) (9,275) 6,868 (2,566) 56,782 (1,378,763) (2,816) (9,863) (20,224) (25,925) 135 (1,437,456) 2022 $ 4,514 1,793 24,650 427 37,187 7,110 580 8,612 (13,934) (4,266) 316 (1,255) 65,734 (1,083) (7,978) (1,080) 993 (9,148) nuvei