#1Paysafe: Fourth Quarter and Full Year 2021 Earnings Presentation March 2, 2022#2Forward 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 prediction or a definitive statement of fact or probability. Paysafe Limited's ("Paysafe," "PSFE" or the "Company") actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "anticipate," "appear," "approximate," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "foresee," "goal," "guidance," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "would" and variations of such words and similar expressions (or the negative version of such words or expressions) may identify forward- looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, Paysafe's expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. While the Company believes its assumptions concerning future events are reasonable, a number of factors could cause actual results to differ materially from those projected, including, but not limited to: cyberattacks and security vulnerabilities; complying with and changes in money laundering regulations, financial services regulations, cryptocurrency regulations, consumer and business privacy and data use regulations or other regulations in Bermuda, the UK, Ireland, Switzerland, the United States, Canada and elsewhere; geopolitical events, including acts of war and terrorism, including the conflict in Ukraine, the economic and other impacts of such conflict and the responses of governments around the world thereto; changes in our relationships with banks, payment card networks, issuers and financial institutions; risk related to processing online payments for merchants and customers engaged in the online gambling and foreign exchange trading sectors; risks related to our focus on specialized and high-risk verticals; risks related to becoming an unwitting party to fraud or be deemed to be handling proceeds of crimes being committed by customers; risks associated with the integration of acquisitions; the effects of chargebacks, merchant insolvency and consumer deposit settlement risk; changes to our continued financial institution sponsorship; failure to hold, safeguard or account accurately for merchant or customer funds; risks related to the availability, integrity and security of internal and external IT transaction processing systems and services; failure of third parties to comply with contractual obligations; changes and compliance with payment card network operating rules; substantial and increasingly intense competition worldwide in the global payments industry; the COVID-19 pandemic, including the resulting global economic uncertainties; risks related to developing and maintaining effective internal controls over financial reporting; managing our growth effectively, including growing our revenue pipeline; any difficulties maintaining a strong and trusted brand; keeping pace with rapid technological developments; risks associated with the significant influence of our principal shareholders; our ability to retain, attract and motivate key personnel; and other factors included in the "Risk Factors" in our Form 20-F and in other filings we make with the SEC, which are available at https://www.sec.gov. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. Trademarks This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM O or symbols, but Paysafe will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. Statement Regarding Non-GAAP Financial Measures This presentation also contains non-GAAP financial information. Paysafe management believes the presentation of these non-GAAP financial measures, when considered together with the Company's results presented in accordance with GAAP, provide users with useful supplemental information regarding Paysafe's operating performance. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures are set forth in the Appendix. These non-GAAP measures exclude items that are significant in understanding and assessing Paysafe's financial results or position. Therefore, these measures should not be considered in isolation or as alternatives to measures under GAAP. Paysafe: 2#3Key messages Q4 Full year Paysafe: 4Q results ahead of revised guidance Rev +3%, Adj. EBITDA +11% vs. guide(¹) +20% YoY volume growth +22% YoY volume growth Delivering on Digital Wallet turnaround flat YoY revenue growth +6% YoY revenue growth excl. Pay Later(2) (3) (+4% reported) Winning across Digital Commerce, strong U.S. Acquiring growth, executing on cost savings +11% YoY Adj. EBITDA (3) growth +5% YoY Adj. EBITDA (3) growth excl. Pay Later(2)(3) (+4% reported) (1) Compared to the midpoint of guidance provided on November 11, 2021. (2) Paysafe reported revenue of $1,487 million in 2021 and $1,426 million in 2020. Adj. EBITDA was $444 million in 2021 and $426 million in 2020. Growth rate of 6% for Revenue and 5% for Adj. EBITDA excludes Pay Later which was divested October 2020. (3) See appendix for reconciliations of non-GAAP financial measures. 3#4Delivering on Digital Wallet turnaround; continued Eur market softness Short-Term Actions to Reposition For Long-Term Success Headwinds Paysafe: Mid-Term ● ● What we said... ● Improvements to customer experience and pricing changes Exit non-performing product features Rightsize the organization Strengthen relationships with top tier merchants • Continue to grow Skrill USA Expand crypto capabilities and partnerships • Continued market softness / regs in Europe • Low 2021 exit rate ...early progress Pricing optimization + improved UX driving increasing deposits in targeted European markets Rightsized the organization in Q4 Positive Skrill US data points (volume up 3X Q3 to Q4; repeat VIP users); launching marketing campaign with Barstool Sports Won Binance with white label wallet solution (phased rollout); strong pipeline • Continue to see 2022 as a transitional year 4#5Paysafe Digital Commerce - leading specialized payments platform Plug into Paysafe: Paysafe: Easy Connectivity via Single API Payment Optimization More Ways to Pay Card Wallets eCash Real-time banking Deep Risk / Reg Capabilities Global risk & regulatory management team Local APMs Local payments licenses Client Focus iGaming 10 Crypto Digital goods Travel Financial services 5#6Paysafe Digital Commerce - single API and white label wallet solution combined to enable frictionless payments for major crypto exchange BINANCE White label wallet, pay in pay out solution with strong UX Single API integration - multiple ways to pay Local licenses for regulatory compliance Global footprint Paysafe: Plug into Paysafe: Easy Connectivity via Single API Payment Optimization Paysafe differentiation More Ways to Pay Card Wallets eCash Real-time banking Deep Risk / Reg Capabilities Global risk & regulatory management team Local APMs Local payments licenses Client Focus iGaming CRYPTO Digital goods Travel Financial services 6#7Paysafe Digital Commerce-winning in North America iGaming The go-to iGaming partner for online payment solutions (Q4 and recent highlights) ● ● ● ● New York launch with DraftKings, Caesars Entertainment, WynnBET, Points Bet Additional launches with multiple brands in Oregon and Louisiana - Paysafe now live in 21* states New client wins across multiple states, including Hard Rock Digital and Bally's sportsbook and iCasino brands Excited for Q2 Ontario expansion with multiple operators Progressing Skrill USA Digital Wallet ✓ Repeat VIP users; US iGaming volumes up 3x Q3 to Q4 ✓Launching marketing partnership with Barstool Paysafe: A BARSTOOL SPORTS 00 GS You pay 39.60 USD Skrill Pay with your balance Other ways to pay VISA Powered By Skrill * Arizona, Colorado, Connecticut, Delaware, Illinois, Indiana, lowa, Louisiana, Michigan, Montana, Nevada, New Jersey, New Hampshire, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, Washington, D.C. 9:41 AM PCI DSS Compliant pay.skrill.com paysafec 58 %1 Payment Amount USD: Make Your Secure Payment Choose a payment method Saved Cards Flat 25% Off Upto $100 Skrill NEW INSTANT PAY You pay 39.60 USD Pay with your balance ACH Other ways to pay Skrill Balance Pay instantly with your bank account Limit up to: $ 1,000.00 paysafecard 39.60 VISA To NewBet Paysafe:cash O Skrill 7#8US Acquiring - strong SMB growth; direct marketing recovering US acquiring retail (SMB) Strong growth YoY and vs 2019 Paysafe US Acquiring Scaled merchant acquirer for SMB Single platform for onboarding and servicing Multi-processor options Driving cost reduction and automation Direct marketing vertical recovering Paysafe: 2021 vs 2020 Revenue 20% Q4'21 vs Q4'20 17% Q1 FY21 vs FY20 2021 net new merchants Q2 2021 vs 2019 Revenue Direct marketing Strong recovery 15% Q4'21 vs Q4'19 Q3 Q4 15% FY21 vs FY19 ∞ 8#9Delivering on cost savings, efficiencies and M&A integrations Cost optimization ● ● Exceeded cost saving plan: ~$40m 2021 (vs. $30m original target) Targeting incremental $20m+ 2022 - Additional banking efficiencies - Further optimization of shared services/support functions Paysafe: ● ● ● M&A integrations Closed SafetyPay Jan 31, 2022 Pago and viafintech integrations on track (volume up >50% Q4 YoY) Key Paysafe merchants went live in LATAM with Pago in Q4 (~20 live today) Advancing global real-time banking Strong interest from existing clients safety pay P PagoEfectivo il viafintech 9#10Segment realignment - Digital Commerce and US Acquiring Paysafe: ● ● Digital Commerce merchants plug into Paysafe to access end-to-end solutions; single go-to-market approach across key verticals Supported by platform consolidation - single data and risk platform, single API, consolidated banking platform, business ~80% now in Cloud US Acquiring serves US SMBs Digital Commerce US Acquiring Paysafe: Volume ($bn) $101 $43 $58 2020 +22% $122 $44 $78 2021 +4% +35% eCash iGaming Crypto $1,426 $816 Digital Commerce 100% Online Revenue ($m) $611 2020 Digital Wallet Digital Goods key verticals +4% $1,487 $837 $650 2021 Travel +3% +6% Integrated eCommerce Financial Services Corp. Retail/SMB $426 US Acquiring -35% Online (volume) Adj. EBITDA ($m) $319 39% margin $179 29% margin ($73) 2020 US, SMB, card present/CNP +4% $444 $351 42% margin Direct Marketing* $168 26% margin ($75) 2021 +10% -6% See appendix for additional financials. CNP = card not present. * Amounts predominately consist of direct marketing, but also includes additional card not present volumes in verticals with higher regulation and credit risk profiles including but not limited to insurance, multi-level marketing, credit monitoring and repair, membership and dating as well as retail low risk volume primarily in automotive, restaurant, and retail industries. 10#11Q4 performance exceeded revised guidance Paysafe: $millions Revenue Gross Profit (excl. D&A) Adj. EBITDA Cost of Services (excl. D&A) + SG&A (excl. SBC) Q4 2021 Guidance as revised Nov. 11 $355-$365 $205-$215 $90 - $100 ~$265 Actual $372 $224 ✓ $105 ✓ $266 11#12Q4 financial highlights Volume ($bn) $26.2 Q4 2020 $95.3 Q4 2020 +20% Adj. EBITDA (¹) ($m) margin 25.7% $31.5 +11% Q4 2021 $105.5 Q4 2021 28.4% take rate Revenue ($m) $370.3 Q4 2020 1.4% $116.8 Q4 2020 Paysafe: Note: Volume = total payment volume. Take rate = total revenue divided by volume. 0% FCF(¹) ($m) $371.7 Q4 2021 1.2% -55% $53.1 Q4 2021 ● ● ● Volume. Strong growth from Integrated Processing offset declines from Digital Wallet Market/regulatory headwinds in Europe impacting eCash and Digital Wallet eCash lapping strong Q4'20, which benefited from COVID-19 lockdowns in Europe Revenue. Lower take rate largely reflects business mix Growth from US Acquiring, Integrated eCommerce and acquisitions offset by decline from eCash, Digital Wallet and direct marketing Adj. EBITDA. Margin comparison reflects higher credit losses in Q4'20 and salary payback in Q4'20 relating to covid cost saving measures (implemented Q2'20), in addition to cost optimization and accretive impact of acquisitions in 2021 FCF. 50% conversion (FCF/Adj. EBITDA) (1) Adj. EBITDA and FCF are non-GAAP financial measures. See the appendix of this presentation for a reconciliation to the most directly comparable GAAP financial measures. 12#132021 full year financial highlights Volume ($bn) Revenue ($m) $100.7 2020 $426 +22% 2020 margin 29.8% Adj. EBITDA (¹) ($m) $122.4 +4% 2021 $444 2021 29.9% +5% Ex. PL take rate $1,426 2020 1.4% $356.3 2020 Paysafe: Note: Volume = total payment volume. Take rate= total revenue divided by volume. +4% FCF(¹) ($m) $1,487 -20% 2021 1.2% $286.3 2021 +6% Ex. PL ● ● ● Volume. Strong growth from Integrated Processing and eCash offset decline from Digital Wallet Revenue. Growth driven by eCash and Integrated Processing; lower take rate reflects overall business mix 个 eCash +22% despite 2H market regulations (Germany and Netherlands) ↑ Integrated Processing +7% (excl. Pay Later) ↑ Double-digit growth from US SMB Acquiring fueled by economic recovery 个 Double-digit growth from eCommerce ✓ Direct marketing headwind Digital Wallet -8% Adj. EBITDA. Margin stable YoY as cost optimization (SG&A down 5% YoY) offset business mix headwind FCF. 65% conversion (FCF/Adj. EBITDA) Note: The sale of Pay Later closed in October 2020. In 2020, Pay Later generated revenue and Adj. EBITDA of approximately $24.0m and $4.0m, respectively. (1) Adj. EBITDA and FCF are non-GAAP financial measures. See the appendix of this presentation for a reconciliation to the most directly comparable GAAP financial measures. 13#14Q4 summary of consolidated results $ in millions, except volume Volume Revenue Gross Profit (excluding D&A) Margin % Adj. EBITDA Margin % Depreciation and amortization Interest expense, net Net income (loss) attributable to Paysafe Paysafe: Q4'20(¹) $26.2bn $370.3 $226.4 61.2% $95.3 25.7% $65.0 $41.5 ($3.4) Q4'21 $31.5bn $371.7 $223.6 60.1% $105.5 28.4% $64.0 $21.5 $90.3 Change 20% 0% (1%) 11% (2%) (48%) NM Q4 commentary Net income benefited from fair value gain of $64m resulting from the remeasurement of the warrant liability at quarter-end Reduction in interest expense due to the impact of debt repayment and the subsequent refinancing in the year (1) As of December 31, 2020, an out of period adjustment related to the period ended March 31, 2020 was identified and corrected for the impairment of certain Digital Wallet's intangible assets. This resulted in the overstatement of intangible assets, net and understatement of impairment expense on intangible, assets, net of $21.4 million ($15.8 million net of tax), respectively, as of March 31, 2020. The prior period results have been revised to reflect the correction of this misstatement. 14#15Q4 2020 ● ● eCash ● $1.5 ● Volume ($bn) Paysafe: +9% $1.6 Q4 2021 $4.6 2020FY +26% $5.8 2021FY $105.9 (1) Twelve-month actives as of December 2021; excludes acquisitions. Note: amounts include intersegment revenue Revenue ($m) -6% $99.2 Q4 2020 Q4 2021 7.3% 6.2% take rate $332.9 2020FY 7.2% +22% $406.2 2021FY 7.0% take rate $35.0 Q4 2020 33.1% Adj. EBITDA ($m) margin +8% Q4 commentary Volume growth reflects inorganic contribution from PagoEfectivo and viafintech acquisitions, partially offset by moderation of European gambling volumes (tough comparable to Q4'20) as well as regulatory impacts in Germany and the Netherlands Lower take rate driven by impact of acquisitions Margin comparison reflects higher advertising and promotional spend prior year; accretive margin contribution from acquisitions Overall active users 10.9m (¹) SafetyPay closed Jan 31, 2022 $37.6 Q4 2021 37.9% $116.0 2020FY 34.8% +42% $165.1 margin 2021FY 40.6% 15#16Q4 2020 ● Digital Wallet ● $4.8 ● Volume ($bn) Paysafe: -19% $3.9 Q4 2021 $20.4 2020FY -16% $17.2 2021FY $96.4 Q4 2020 2.0% Revenue ($m) -9% $87.9 take rate Q4 2021 2.2% $394.5 Percentages may not tie to dollar amounts due to rounding. Note: amounts include intersegment revenue (1) Estimated twelve-month actives as of December 2021. 2020FY 1.9% -8% $363.8 2021FY 2.1% take rate $36.6 Q4 2020 38.0% Adj. EBITDA ($m) margin +16% Q4 commentary Compared to prior year, overall performance reflects exits and market impacts (Germany and Netherlands regs; Norway Q4'20 exit), partially offset by initial progress on turnaround initiatives Take rates reflects mix Adj. EBITDA margin reflects lower credit losses Active users 3.1m(¹) $42.4 Q4 2021 48.2% $178.8 2020FY 45.3% -7% $167.0 2021FY 45.9% margin 16#17Q4 2020 ● Integrated Processing ● $20.1 ● Volume ($bn) +30% Paysafe: $26.1 Q4 2021 $75.8 2020FY +32% $100.0 2021FY $174.8 Q4 2020 0.9% Note: amounts include intersegment revenue Revenue ($m) +9% $190.3 Q4 2021 0.7% take rate $720.0 $696.0 2020FY 0.9% +4% +7% Ex. PL $745.3 2021FY 0.7% take rate $47.8 Adj. EBITDA ($m) +8% $51.8 margin Q4 2020 Q4 2021 27.3% 27.2% $203.7 $199.7 2020FY 28.3% Revenue reflects direct marketing headwind YoY (but recovering - sequential growth) Take rate decline primarily reflects mix - lower direct marketing volumes (higher take rate) and higher contribution from US Acquiring Retail (lower take rate) Pay Later www Q4 commentary Robust volume growth led by US Acquiring Retail (+37% YoY) driven by covid-19 recovery and ending of lockdowns; integrated & eCommerce (+16%) driven by growth in ISV and iGaming -8% -6% Ex. PL $186.9 2021FY 25.1% margin 17#18Sustained take rates across segments; mix shift to Processing Paysafe take rate: Digital Wallet 18% 7.3% eCash 6% 1.6% 1.0% '18FY Q4'20 volume mix(¹) 1.4% 7.2% 1.6% 1.0% '19FY 1.4% 7.2% 1.8% Integrated Processing 76% 1.0% 'Q1'20 1.4% - Digital Wallet take rate Digital Wallet 13% 7.2% eCash 5% 2.0% 1.0% 'Q2'20 Q4'21 volume mix (¹) 1.5% 7.1% Paysafe: (1) Mix percentages may not sum to 100% due to rounding and intercompany amounts. 2.0% 0.9% 'Q3'20 1.4% Integrated Processing 83% 7.3% 2.0% 0.9% 'Q4'20 1.4% 7.3% 2.1% Digital Wallet 20% 0.8% 'Q1'21 - Integrated Processing take rate 1.4% 7.3% eCash 5% 2.1% 0.7% 'Q2'21 2020 volume mix(¹) 1.2% 7.3% 2.1% 0.7% 'Q3'21 1.1% Before impact of acquisitions -eCash take rate Integrated Processing 75% Digital Wallet 14% 7.1% 2.2% 0.7% 'Q4'21 1.2% 2021 volume mix(¹) eCash 5% Integrated Processing 82% 18#19Leverage summary Liquidity summary ($m) Cash and cash equivalents (¹) Undrawn amounts under revolving credit facility (2) Leverage ($m) Total debt(2) Cash and cash equivalents Net debt(2) Net debt-to-LTM Adj. EBITDA (3) Paysafe: (1) (2) (3) 12/31/21 $702 $277 12/31/21 $2,744 $702 $2,042 4.6x ● Net leverage 5.5x pro forma (12/31/21) with closing of SafetyPay acquisition (1/31/22) Maintaining significant covenant headroom Continued commitment to long-term leverage goal of 3.5x Cash and cash equivalents includes $387 million of cash held in escrow relating to the Company's acquisition of Safetypay Inc, which completed in Q1 2022. The cash is classified with Customer accounts and other restricted cash in the Company's Statement of Financial Position, but is treated as Cash and cash equivalents for leverage purposes in accordance with the Company's Senior Credit Facility Total debt includes the outstanding principal on the Company's borrowings. Total debt excludes the drawn amounts of a local $50 million Credit Facility held in the US outside the Company's Senior Credit Facility. The nature of the facility is to draw on the facility daily and to prefund daily interchange and acts as a source of working capital. Total debt includes $390 million for the acquisition of SafetyPay. Net debt-to-LTM Adj. EBITDA is defined as Net Debt (Total Debt less Cash and cash equivalents) divided by the Company's adjusted EBITDA as defined on slide 25 for the last 12 months and does not represent the definition of adjusted EBITDA that is used for covenant calculation purposes. 19#202022 FY and Q1'22 guidance $millions Revenue Year-over-year Adj. EBITDA Adj. EBITDA Margin Paysafe: 2022 FY Guidance $1,530 - $1,580 3% to 6% $440 - $460 ~29% Q1 2022 Guidance $355-$365 (6%) to (3%) $95 - $100 ~27% FY 2022 expectations US Acquiring: high single-digit to low double-digit growth Digital Commerce: flat to low single-digit growth ↑ Inorganic contribution (Pago, SafetyPay, viafintech) ↑ Integrated & eCommerce (e.g., North America iGaming, crypto) ● ● ✓ Digital wallet turnaround; regulations in Europe VFX assumption 1.13 USD/Euro 2022 Q1'22 expectations Digital Commerce down high single-digit YoY, partly offset by mid single-digit growth YoY in US Acquiring FX YOY headwind 20#21Summary Focused on delivering on our strategic priorities, underscored by end-to-end payment solutions and risk management, to partner with leading-edge companies in fast growing verticals Delivering on digital wallets turnaround with positive early results Winning exciting deals across NA iGaming and crypto PRO FOOTBALL 371 67 BENGALS EPH COLTS 成 金 紙戲 220 36 JAWIS 435 PM 472 BRONCOS SEP 9 473 COWBOYS 435 PM 474 PANTHERS SEP 9 475 REDSKINS 4:35 PM 476 CARDINALS SEP 9 477 BEARS MP478 PACKERS Maintaining 2022 outlook and positioning Paysafe for strong future growth 25 1 6.5 41 44.5 PRO FOOTBALL SEP 9 463 BU 105 PM 464 S 48.5 320 245 290 -210 07 FM 462 SEP9 465 10 PM 46 SEP 9 4 1:10 PM SEP 9 4:15 PM#22Paysafe: Appendix#23Supplemental: summary of 2020-2021 segment results (new structure) Volume ($m) US Acquiring Digital Commerce Total Take Rate US Acquiring Digital Commerce Total Revenue ($m) US Acquiring Digital Commerce Total Gross Profit, excl. D&A ($m) US Acquiring Digital Commerce Total Gross Profit Margin, excl. D&A US Acquiring Digital Commerce Total Adj. EBITDA ($m) US Acquiring Digital Commerce Corporate Total Adj. EBITDA Margin US Acquiring Digital Commerce Total Paysafe: $ $ $ 25,560 $ $ Q1 $ 14,381 $ 11,179 $ 1.1% 1.8% 1.4% 157.1 202.6 359.7 $ $ 58% 69% 64% 90.4 $ 139.9 230.3 30% 42% 31% Q2 12,797 $ 9,902 22,698 1.2% 1.9% 1.5% 149.6 $ 191.4 341.0 57% 68% 63% 15,541 $ 10,626 $ 26,167 $ 31% 38% 32% 2020 Q3 $ 1.0% 1.9% 1.4% 152.0 203.5 355.5 $ 84.7 130.1 $ 214.8 $ 220.2 $ 81.4 $ 138.8 54% 68% 62% 47.5 $ 46.0 42.4 $ 73.6 85.2 84.3 (19.0) (9.3) (20.4) $ 112.8 $ 110.3 $ 107.2 $ 15,166 11,076 $ 26,242 $ 28% 42% 30% $ Q4 1.0% 2.0% 1.4% 152.0 $ 218.2 370.3 $ 82.9 $ 143.5 226.4 $ 55% 66% 61% 43.1 76.3 (24.0) 95.3 57,884 42,783 $ 100,667 28% 35% 26% $ FY 2020 $ 1.1% 1.9% 1.4% 610.7 815.8 1,426.5 339.4 552.3 891.7 56% 68% 63% 179.0 319.3 (72.6) 425.8 29% 39% 30% $ $ $ $ $ $ Q1 16,398 $ 11,114 27,512 0.9% 2.0% 1.4% 153.3 $ 224.1 377.4 78.5 147.9 226.4 51% 66% 60% 39.3 91.5 (17.5) 113.2 $ 26% 41% 30% $ $ Q2 $ 20,507 11,786 32,292 0.8% 1.9% 1.2% 164.6 $ 219.7 384.3 48% 68% 59% $ $ 79.7 81.0 148.8 127.8 $ 228.6 $ 208.7 40.7 95.1 (16.9) 118.8 $ 20,685 $ 10,374 $ 31,060 $ 25% 43% 31% 2021 Q3 164.9 $ 188.6 $ 353.6 $ $ 0.8% 1.8% 1.1% $ 49% 68% 59% 40.7 80.0 (14.3) 106.4 25% 42% 30% Note: Gross Profit has been calculated as revenue, less cost of services and depreciation and amortization. Gross profit is not presented within the Company's consolidated financial statements. $ $ $ $ Q4 20,439 11,050 31,489 0.8% 1.9% 1.2% 82.3 141.2 223.5 166.8 $ 204.8 371.7 $ 49% 69% 60% 46.9 84.8 (26.3) 105.5 $ 28% 41% 28% $ $ $ $ FY 2021 78,028 44,325 122,353 0.8% 1.9% 1.2% 649.8 837.2 1,487.0 321.5 565.7 887.2 49% 68% 60% 167.6 351.4 (75.0) 443.9 26% 42% 30% 23#24Supplemental: summary of 2021 segment results (previous structure) Volume ($m) Integrated Processing Digital Wallet eCash Intersegment Total Take Rate Integrated Processing Digital Wallet eCash Total Paysafe: Q1 Q2 0.8% 2.1% 7.3% 1.4% 21,565 $ 26,356 25,953 3,995 26,128 3,931 4,602 4,698 1,549 1,432 1,268 1,595 (204) (194) (156) (164) $ 27,512 $ 32,292 $ 31,060 $ 31,489 0.7% 2.1% 7.3% 1.2% 2021 ૨૩ $ 0.7% 2.1% 7.1% 1.1% Q4 $ 0.7% 2.2% 6.2% 1.2% FY 2021 100,001 17,226 5,844 (719) $ 122,353 Revenue ($m) Integrated Processing Digital Wallet eCash Intersegment Total Gross Profit, excl. D&A ($m) Integrated Processing 0.7% 2.1% 7.0% eCash 1.2% Digital Wallet Intersegment Total Gross Profit Margin, excl. D&A Integrated Processing Digital Wallet eCash Total Adj. EBITDA ($m) Integrated Processing Digital Wallet eCash Corporate Total Adj. EBITDA Margin Integrated Processing Digital Wallet eCash Total $ $ $ $ Q1 176.9 94.9 112.9 (7.3) 377.4 64.5 0.0 226.4 92 $ 70.3 52% 74% 57% 60% 44.9 37.8 48.1 (17.5) $ 113.2 $ 25% 40% 43% 30% 191.2 97.3 103.9 (8.0) $ 384.3 Q2 $ 94 $ 75.3 59.4 0.0 $ 228.6 Note: Gross Profit has been calculated as revenue, less cost of services and depreciation and amortization. Gross profit is not presented within the Company's consolidated financial statements. 49% 77% 57% 59% $ 186.9 83.7 90.2 (7.1) 353.6 $ $ 24% 48% 41% 31% $ 45.8 46.9 43.0 (16.9) 118.8 $ 2021 Q3 93 63.6 52.4 0.0 208.7 50% 76% 58% 59% 44.4 39.9 36.3 (14.3) 106.4 24% 48% 40% 30% $ $ Q4 96 69.9 57.5 (0.0) $ 223.5 $ 190.3 87.9 99.2 (5.8) 371.7 51% 80% 58% 60% $ 27% 48% 38% 28% 745.3 363.8 406.2 (28.3) $ 1,487.0 $ $ 51.8 42.4 37.6 (26.3) 105.5 $ FY 2021 374 279.1 233.7 0.0 887.2 50% 77% 58% 60% 186.9 167.0 165.1 (75.0) 443.9 24 25% 46% 41% 30%#25Statement regarding Non-GAAP financial measures To supplement the Company's condensed consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, the company uses non-GAAP measures of certain components of financial performance. This includes Gross Profit (excluding depreciation and amortization), Gross Profit Margin (excluding depreciation and amortization), Adjusted EBITDA, Adjusted EBITDA margin, Free cash flow and Free cash flow conversion, which are supplemental measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States ("U.S. GAAP"). Gross Profit (excluding depreciation and amortization) is defined as revenue less cost of services (excluding depreciation and amortization). Gross Profit Margin (excluding depreciation and amortization) is defined as Gross Profit (excluding depreciation and amortization) as a percentage of revenue. Management believes Gross Profit to be a useful profitability measure to assess the performance of our businesses and ability to manage cost. Adjusted EBITDA is defined as net income/(loss) before the impact of income tax (benefit)/expense, interest expense, net, depreciation and amortization, share based compensation, impairment expense on intangible assets, restructuring and other costs, loss/(gain) on disposal of a subsidiaries and other assets, net, and other income/(expense), net. These adjustments also include certain costs and transaction items that are not reflective of the underlying operating performance of the Company. Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of Revenue. Management believes Adjusted EBITDA to be a useful profitability measure to assess the performance of our businesses and improves the comparability of operating results across reporting periods. Free cash flow is defined as net cash flows provided by/used in operating activities, adjusted for the impact of capital expenditure, payments relating to restructuring and other costs, cash paid for interest and movements in customer accounts and other restricted cash. Capital expenditure includes purchases of property plant & equipment and purchases of other intangible assets, including software development costs. Capital expenditure does not include purchases of merchant portfolios. Free cash flow conversion is defined as free cash flow as a percentage of Adjusted EBITDA. Management believes free cash flow to be a liquidity measure that provides useful information about the amount of cash generated by the business Management believes the presentation of these non-GAAP financial measures, including Gross Profit, Gross Profit Margin, Adjusted EBITDA and Adjusted EBITDA margin, when considered together with the Company's results presented in accordance with GAAP, provide users with useful supplemental information in comparing the operating results across reporting periods by excluding items that are not considered indicative of Paysafe's core operating performance. In addition, management believes the presentation of these non-GAAP financial measures provides useful supplemental information in assessing the Company's results on a basis that fosters comparability across periods by excluding the impact on the Company's reported GAAP results of acquisitions and dispositions that have occurred in such periods. However, these non-GAAP measures exclude items that are significant in understanding and assessing Paysafe's financial results or position. Therefore, these measures should not be considered in isolation or as alternatives to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Paysafe's presentation of these measures may not be comparable to similarly titled measures used by other companies. In addition, the forward-looking non-GAAP financial measures of Adjusted EBITDA, Free Cash Flow conversion and Gross Profit provided herein have not been reconciled to comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. We have reconciled the historical non-GAAP financial measures presented herein to their most directly comparable GAAP financial measures. A reconciliation of our forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliations that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results. Paysafe: 25#26GAAP Net income (loss) to Adjusted EBITDA reconciliation Paysafe: ($ in thousands) Net income / (loss) Income tax benefit Interest expense, net Depreciation and amortization Share based compensation expense Impairment expense on intangible assets Restructuring and other costs Loss on disposal of subsidiaries and other assets, net Other (income) / expense, net Adjusted EBITDA Adjusted EBITDA Margin $ Three months ended December 31, 2021 90,522 (19,005) 21,536 63,964 8,940 3,562 28 (64,088) 105,459 28.4% $ 2020 (3,012) $ (21,126) 41,456 65,034 6,616 10,129 (13,496) 9,743 95,344 25.7% $ 2021 Years ended December 31, (110,328) (85,110) 165,827 261,372 101,770 324,145 25,883 (239,661) 443,898 29.9% $ $ 2020 (126,714) (59,199) 164,788 268,166 130,420 20,640 (13,137) 40,805 425,769 29.8% Note: As of December 31, 2020, an out of period adjustment related to the period ended March 31, 2020 was identified and corrected for the impairment of certain Digital Wallet's intangible assets. This resulted in the overstatement of Intangible assets, net and understatement of Impairment expense on intangible assets, net of $21.4 million ($15.8 million net of tax), respectively, as of March 31, 2020. The prior period results have been revised to reflect the correction of this misstatement. 26#27GAAP to Non-GAAP reconciliation - growth excluding business disposal Paysafe: $ millions Paysafe total revenue Adjustment for disposed business (Pay Later) Paysafe Total revenue excluding Pay Later Integrated Processing total revenue Adjustment for disposed business (Pay Later) Integrated Processing Total revenue excluding Pay Later Net loss Income tax benefit Interest expense, net Depreciation and amortization Share based conpensation Impairment expense on intangible assets Restructuring and acquisiton related costs Gain on disposal of subsidaries and other assets, net Other expense/ (income), net Total Paysafe Adjusted EBITDA Adjustment for disposed business (Pay Later) Paysafe total Adjusted EBITDA excluding Pay Later Integrated Processing Total Adjusted EBITDA Adjustment for disposed business (Pay Later) Integrated Processing total Adjusted EBITDA excluding Pay Later Note: percentages may not tie precisely due to rounding. 2020 $ 1,426 24 $ 1,402 $ $ $ $ (127) (59) $ $ 720 24 $ 696 165 268 130 21 (13) 41 426 4 422 204 4 200 2021 $ 1,487 $ 1,487 $ 745 $ $ (110) (85) $ $ $ 745 $ 166 261 102 324 26 (0) (240) 444 444 187 187 % change 4% 6% 4% 7% 4% 5% -8% -6% 27#28Operating Cash Flow to Free Cash Flow reconciliation Paysafe: ($ in thousands) Net cash inflows from operating activities Capital expenditure (¹) Cash paid for interest Payments relating to restructuring and other costs (2) Movement in customer accounts and other restricted cash (3) Free Cash Flow Adjusted EBITDA Free Cash Flow Conversion $ (3) $ Three months ended December 21, 2021 131,868 (22,308) 28,748 9,520 (94,770) 53,058 105,459 50% $ $ 2020 236,303 (20,213) 36,593 3,296 (139,142) 116,837 95,344 123% $ 2021 Years ended December 31, 224,468 (83,843) 91,545 21,735 32,429 286,334 443,898 65% 2020 409,109 (65,872) 154,373 18,196 (159,523) 356,283 425,769 84% (1) Includes purchases of property plant & equipment and purchases of other intangible assets, including software development costs. Capital expenditure does not include purchases of merchant portfolios. (2) Restructuring and other costs include acquisition costs related to the Company's merger and acquisition activity, restructuring costs, strategic transformation costs resulting from value creation initiatives following business acquisitions and professional consulting and advisory fees related to public company readiness activities. This includes certain professional advisory costs, office closure costs and resulting severance payments to employees. This line item has been adjusted to remove the increase in Customer accounts and other restricted cash related to cash held in escrow for the drawdown of the USD Incremental Term Loan for the Safety Pay acquisition in the amount of $387,456 as of December 31, 2021.In accordance with ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, the Company includes customer accounts and other restricted cash in the Cash and Cash Equivalents balance reported in the Consolidated Statements of Cash Flows. Management consider the movement in Customer accounts and other restricted cash as settlement related, and have therefore offset against movements in Settlement Receivables and Funds payable and amounts due to customers. The movement stated is net of foreign exchange movements on translation of non-USD subsidiaries to USD at the reporting date, as well as realized foreign exchange movements. 28#29GAAP Gross Profit to Gross Profit (excl. D&A) reconciliation Paysafe: ($ in thousands) Revenue Cost of services (excluding depreciation and amortization) Depreciation and amortization Gross Profit (¹) Depreciation and amortization Gross Profit (excluding depreciation and amortization) $ Three months ended December 31, 2021 371,661 148,111 63,964 159,586 63,964 223,550 $ 2020 370,285 143,838 65,034 161,413 65,034 226,447 $ $ 2021 Years ended December 31, 1,487,013 599,778 261,372 625,863 $ 261,372 887,235 (1) Gross Profit has been calculated as revenue, less cost of services and depreciation and amortization. Gross profit is not presented within the Company's consolidated financial statements. 2020 1,426,489 534,823 268,166 623,500 268,166 891,666 29