Nuvei anuncia os resultados do primeiro trimestre de 2021

MONTREAL, 10 de maio de 2021 - A Nuvei Corporation ("Nuvei" ou a "Empresa") (TSX: NVEI e NVEI.U), parceira global de tecnologia de pagamento de marcas de sucesso, divulgou hoje seus resultados financeiros para o primeiro trimestre encerrado em 31 de março de 2021.

"Estamos muito satisfeitos com nossos resultados do primeiro trimestre, com o impulso contínuo no negócio principal e a aceleração da conquista de novos clientes, contribuindo para um crescimento de 132% no volume total*, 80% na receita e 97% no EBITDA ajustado** em relação ao primeiro trimestre de 2020", disse Philip Fayer, presidente e CEO da Nuvei. "Nosso foco na criação de soluções de ponta para facilitar e ajudar nossos clientes a se conectarem melhor com seus clientes continuou durante o primeiro trimestre, à medida que expandimos nosso alcance com novos mercados, adicionamos vários métodos de pagamento alternativos ("APMs") e introduzimos novos recursos, como o suporte ao pagamento em criptomoedas. Essas iniciativas, juntamente com o crescimento significativo do volume de clientes atuais e novos, nos posicionam extremamente bem para impulsionar nosso desempenho e crescimento geral neste ano e no futuro. Estamos orgulhosos de nossos resultados e elevamos nossas perspectivas financeiras para o ano de 2021."

Destaques financeiros para os três meses encerrados em 31 de março de 2021

• O volume total* aumentou 132%, passando de US$ 8,9 bilhões para US$ 20,6 bilhões
• O comércio eletrônico representou aproximadamente 87% do volume total
• A receita aumentou 80%, passando de US$ 83,2 milhões para US$ 149,9 milhões
• O lucro líquido foi de US$ 27,8 milhões, comparado a um prejuízo líquido de US$ 62,3 milhões
• O EBITDA ajustado** aumentou 97%, passando de US$ 33,3 milhões para US$ 65,5 milhões
• O lucro líquido ajustado** foi de US$ 51,2 milhões, comparado a US$ 9,8 milhões
• Lucro líquido por ação de US$ 0,19, comparado a um prejuízo líquido por ação de US$ 0,74
• Lucro líquido ajustado** por ação diluída de US$ 0,35, comparado a US$ 0,11

Destaques operacionais

• O aumento do volume empresas atuais empresas e a aceleração da conquista de novos clientes impulsionaram o desempenho da Nuvei no primeiro trimestre. Os novos negócios de comércio eletrônico mais que triplicaram no primeiro trimestre de 2021 em comparação com o primeiro trimestre de 2020, em grande parte como resultado do investimento contínuo da empresa e da expansão de seu canal de distribuição direta.
• A Nuvei ampliou sua adquirência de cartões, lançando soluções de processamento local na Argentina, Chile, Peru e Equador, ao mesmo tempo em que expandiu suas adquirência no Brasil, Colômbia e México. A empresa agora oferece adquirência local adquirência 44 mercados, contra 35 no final de 2020.
• A empresa adicionou vários novos APMs, incluindo Pix no Brasil, MoMo wallet no Vietnã, PagueloFacil no Panamá, Mach no Chile, Kakao Pay na Coreia do Sul, TrueMoney na Tailândia e Alipay HK em Hong Kong, aumentando o portfólio de APMs da empresa para 470 no final do primeiro trimestre de 2021, de 455 no final de 2020.
• Recentemente, a empresa adicionou suporte para pagamento e retirada de quase 40 das principais criptomoedas do mundo, incluindo Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO e XRP. Com esse recurso, os comerciantes agora podem aceitar criptomoedas com a mesma facilidade que qualquer outra forma de método de pagamento alternativo, em um momento em que o número de usuários de criptomoedas continua a se expandir e a adoção convencional aumenta constantemente.
• A empresa firmou várias novas parcerias, incluindo uma com a Universal Air Travel Plan ("UATP") para começar a oferecer serviços completos de pagamento como parte do esforço contínuo da UATP para expandir suas ofertas às companhias aéreas, otimizar o processamento de pagamentos, enriquecer a experiência do cliente e reduzir os custos de transação. A UATP é uma rede global de pagamentos pertencente e operada pelas principais companhias aéreas do mundo e aceita por milhares de comerciantes para pagamentos aéreos, ferroviários e de agências de viagens.
• A Nuvei continuou a executar sua estratégia de aquisições, anunciando acordos definitivos para adquirir a Mazooma Technical Services Inc. ("Mazooma") e, mais recentemente, a SimplexCC Ltd. ("Simplex").
• A aquisição da Mazooma, uma das principais empresas de pagamentos entre contas para o mercado de jogos online e apostas esportivas dos EUA, vai fortalecer ainda mais o compromisso e a presença da empresa no setor de jogos online e apostas esportivas dos EUA, melhorando e expandindo o portfólio de métodos de pagamento alternativos da Nuvei com uma plataforma ACH líder, desenvolvida e usada exclusivamente para jogos online nos EUA, e oferecendo a funcionalidade necessária do produto, registro de fornecedores, conformidade e infraestrutura operacional necessárias para atender às exigências empresasem qualquer estado regulamentado dos EUA.
• A aquisição da Simplex, uma provedora de soluções de pagamento para o setor de criptomoedas, expandirá os recursos da Nuvei para oferecer soluções personalizadas de combate à lavagem de dinheiro/conhecimento do cliente, soluções de garantia de transações e serviços de valor agregado para 190 provedores e parceiros de liquidez. Isso resulta em taxas de conversão mais altas quando os usuários finais compram/vendem ativos digitais como criptomoedas e tokens não fungíveis. Além disso, a aquisição fornecerá à Nuvei uma licença de instituição de dinheiro eletrônico para oferecer contas com números de contas bancárias internacionais a usuários finais e comerciantes, o que abre oportunidades em potencial, como serviços bancários como serviço.

Perspectivas financeiras

Para os três meses encerrados em 30 de junho de 2021 e o ano encerrado em 31 de dezembro de 2021, a Nuvei prevê que o volume total, a receita e o EBITDA ajustado estejam nas faixas abaixo. Considerando o forte desempenho durante os três meses encerrados em 31 de março de 2021, onde a Nuvei excedeu o volume total previsto anteriormente, a receita e a perspectiva de EBITDA ajustado, bem como o impulso contínuo nos negócios, a administração está aumentando a perspectiva financeira para o ano encerrado em 31 de dezembro de 2021.

A perspectiva financeira é totalmente qualificada e baseada em várias suposições descritas no título "Informações prospectivas" deste comunicado à imprensa e não inclui as aquisições pendentes da Mazooma ou da Simplex. 

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*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. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.

**Adjusted EBITDA and Adjusted net income are non-IFRS measures. See “Non-IFRS Measures”.

Conference Call Information

Nuvei will host a conference call to discuss its first quarter 2021 financial results today May 10, 2021 at 8:30 am ET. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.

The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com/ under the “Events & Presentations” section. The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-Free), or 201-389-0878 (international). A replay will be available approximately two hours after the call, and can be accessed by dialing 844-512-2921 (US/Canada toll-Free), or 412-317-6671 (international); the conference ID is 13718591. The replay will be available until May 24, 2021. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

Sobre a Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Non-IFRS Measures

Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to 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 the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS 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. The Company’s management believes Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s 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.

Informações prospectivas

This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s outlook on total volume, revenue and Adjusted EBITDA for the three months ending June 30, 2021 and the year ending December 31, 2021. Nuvei’s outlook on revenue and Adjusted EBITDA 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. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, and outlook for, total volume, revenue and Adjusted EBITDA set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no changes in legislative or regulatory matters that negatively impact Nuvei’s business, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Contato:

Investors

Anthony Gerstein

Vice-presidente, diretor de relações com investidores

agerstein@nuvei.com

Consolidated Statements of Profit or Loss and Comprehensive Income or Loss Data

(in thousands of U.S. dollars except for share and per share amounts) 

2020. The weighted average number of common shares outstanding previous to the IPO has been adjusted to take into consideration the Reorganization discussed in Note 17 of the Consolidated Financial Statements for the year ended December 31, 2020.

‍Reconciliation of Adjusted EBITDA to net income (loss)

(In thousands of U.S. dollars)

1. These expenses relate to:

• professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities during the period, which were $5.3 million for the three months ended March 31, 2021 (March 31, 2020 – $1.2 million). These costs are presented in the professional fees line item of selling, general and administrative expenses.
• acquisition-related compensation, which was nil for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
• severances, which were immaterial for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million), and integration expenses. Severance costs are presented in the employee compensation line item of selling, general and administrative expenses.

1. These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
2. This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
3. Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows.
4. Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contract.

Reconciliation of Adjusted net income to net income (loss)

(In thousands of U.S. dollars except for per share amounts)

1. This line item represents change in redemption value related to shares classified as liabilities prior to the IPO. As part of the IPO, the shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs.
2. This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017 and excludes amortization expense related to capitalized development costs incurred in the normal course of operations.
3. These expenses relate to:

• professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities during the period, which were $5.3 million for the three months ended March 31, 2021 (March 31, 2020 – $1.2 million). These costs are presented in the professional fees line item of selling, general and administrative expenses.
• acquisition-related compensation, which was nil for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
• severances, which were immaterial for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million), and integration expenses. Severance costs are presented in the employee compensation line item of selling, general and administrative expenses.

1. These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
2. This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
3. This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
4. Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.
5. Adjusted net income per diluted share is calculated using stock options outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time.

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

‍Consolidated Statements of Cash Flows Data

(in thousands of U.S. dollars)