Second Quarter 2023 Earnings Conference Call
Payment Services Latin America Q2 2023
(in USD mm, except per share)
Revenue
Adjusted EBITDA (¹)
Adjusted EBITDA margin
Q2 2023
$39.1
$14.1
36.1%
Y-o-Y %
27%
37%
270bps
Increase in revenue is driven by organic growth throughout the region and the contribution from
acquisitions. Currency neutral growth would have been approximately 29%.
Increase in adjusted EBITDA and margin primarily due to leverage from higher revenues and the reversal of
one-time charges, partially offset by higher personnel costs driven by foreign currency appreciation along
with higher professional services fees. Normalized margin for the one-time charges would have been
approximately 32%.
(1) Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are compared with prior year recast figures. See Non-GAAP reconciliation summary in appendix, p.20-21 for current year reconciliation and prior
year recast figures.
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