Second Quarter 2023 Earnings Conference Call
Reconciliation of Q2 2023 Segment Non-GAAP Results
(In thousands)
Revenues
Operating costs and expenses
Depreciation and amortization
Non-operating income (expenses)
EBITDA
Compensation and benefits (2)
Transaction, refinancing and other fees (3)
Loss (gain) on foreign currency
remeasurement (4)
Adjusted EBITDA
Payment
Services -
Puerto Rico &
Caribbean
$
50,795
28,895
6,087
115
28,102
842
288
Payment
Services -
Latin America
(49)
$ 29,183 $
$
39,076
33,666
5,393
2,290
13,093
999
253
(285)
14,060
Three months ended June 30, 2023
Merchant
Acquiring, net
20
$
41,248
27,616
1,150
14,783
860
$ 15,643
Business
Solutions
56,971
39,097
4,469
66
22,409
965
Corporate and
Other (¹)
$ 23,374 $
$ (21,014)
3,029
5,230
928
(17,885)
5,035
5,068
1
(7,781)
$
$
Total
167,076
132,303
22,329
3,400
60,502
8,701
5,609
(333)
74,479
(1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the
$13.4 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $4.4 million from Payment Services- Latin
America to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $3.3 million from Payment Services - Puerto Rico & Caribbean to Payment
Services Latin America.
(2) Primarily represents share-based compensation and severance payments.
(3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio
de Tarjetas Dominicanas S.A.
(4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
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