MONTREAL, November 2, 2022 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces the appointment of Vicky Bindra as Chief Product and Operations Officer, effective November 14, 2022.

In this newly created role reporting to Nuvei Chair and CEO Phil Fayer, Bindra will oversee product development and operations, supporting growth across geographies and verticals. His focus will be on delivering custom-made solutions and supporting processes designed to accelerate revenue for Nuvei’s customers. He will be based in San Francisco.

Bindra joins Nuvei from his position of Chief Product Officer at FIS where he was responsible for the strategic product function across the company, identifying and creating products and propositions for merchants, banks, fintechs, insurance and investment companies.

Prior to FIS, he had a successful career in payment and fintech, including being CEO of Pine Labs, the Sequoia-backed Indian Fintech Unicorn. He also managed Mastercard’s business across APAC and MEA as its president prior to leading product and solutions globally at Visa.

Bindra started his career in finance and strategy consulting with various senior leadership roles including CEO of GE Capital India, EVP at Citi and as a partner at Bain & Company.

He took numerous non-executive director and advisor positions at, among others, Inchcape, Blackhawk Network, CloudPay and Billtrust. He is a chartered accountant and has an MBA from MIT’s Sloan School of Management.

“I am delighted to see Vicky getting on board. Our growth comes from our beautiful products and technology, and Vicky, with his expertise and deep understanding of our end market will help shape our future,” said Fayer. “He will also bring with him his warmth and positivity that will radiate through the organization,” Fayer added.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 570 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com.

Contact:

Investor Relations

IR@nuvei.com

Public Relations
PR@nuvei.com

MONTREAL, June 9, 2023 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today the appointment of Laura Miller to a newly created role of Chief Revenue Officer and Global Head of eCommerce, reporting directly to Nuvei President Yuval Ziv.

An inspirational leader in the financial services industry with a proven track record of delivering success at the highest level, Miller joins Nuvei immediately to spearhead the company’s global commercial strategy across many of its key high growth target verticals. Her primary responsibilities will include developing Nuvei’s strengthening relationships with the leading enterprises in global eCommerce, as well as heading up its eCommerce commercial organization in North America, Europe, MEA, APAC and LATAM.

Miller joins at an exciting time for Nuvei as the company continues to demonstrate its enhanced proposition across diversified use cases in global eCommerce, B2B, ISV and Government. Recent Nuvei large enterprise commercial wins include Radisson Hotel Group, Sabre, Virgin Atlantic, Cart.com, and Shein.

Miller commented on the announcement: “I am thrilled to be joining Nuvei at such an important moment. The company is establishing great momentum with many of the world’s most significant eCommerce businesses, and I am eager to support accelerating its growth further. Nuvei is uniquely positioned to enable global businesses to scale internationally while optimizing their payments in regional markets, so I am looking forward to leveraging my experience working with many leading enterprise businesses as we go on this journey.”

Miller brings almost 25 years of expertise in strategic planning, sales leadership, and business development within the payments industry. Her deep understanding of the payments ecosystem will support Nuvei’s mission to provide innovative payment solutions that are tailored to the unique needs of global businesses and built to accelerate eCommerce growth.

Prior to joining Nuvei, Miller held prominent positions at several leading, global financial institutions. Most recently, she served as President, JPMorgan Merchant Services, overseeing the bank’s commercial relationships with its largest global customers. Before joining JPMorgan Chase & Co., Miller held senior leadership positions at American Express, where she played a key role in driving sales growth and client management in the commercial card segment. Throughout her esteemed career, Laura has demonstrated expertise in leading large sales organizations, implementing sales strategies, and expanding client relationships.

“We are excited to welcome Laura to the Nuvei team,” commented Nuvei’s President Yuval Ziv. “Laura is a highly skilled and experienced leader with a deep understanding of the payments industry. She is also a strong advocate for businesses and has a proven track record of success in helping them accelerate growth which matches our mission at Nuvei. I have every confidence that Laura will be a key contributor to helping Nuvei achieve our ambitious goals.”

‍About Nuvei  

‍Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47+ markets, 150 currencies and more than 600 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

‍Contact:  Public Relations

‍alex.hammond@nuvei.com

‍Investor Relations

‍IR@nuvei.com

MONTREAL, May 31, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U) today announced that shareholders voted in favour of all items of business put forth by the Company at its annual shareholders’ meeting held on May 28, 2021 (the “Meeting”).

Voting Results of the Meeting

1. Election of Directors

The five (5) nominees for directors were elected by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast for each nominee were as follows:

NomineesVotes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld(a)    Philip Fayer855,927,75999.98%195,6990.02%(b)    Michael Hanley854,984,76499.87%1,138,3100.13%(c)     David Lewin855,785,02399.96%338,0510.04%(d)    Daniela Mielke856,088,12299.99%34,9520.01%(e)    Pascal Tremblay855,451,94199.92%671,1330.08%

2. Appointment of Auditors

PricewaterhouseCoopers LLP, chartered accountants, were appointed as auditors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast were as follows:

Votes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld859,234,53199.99%18,4870.01%

Final voting results on all matters voted at the Meeting are available on SEDAR at www.sedar.com.

Appointment of Lindsay Matthews as General Counsel and Corporate Secretary

Nuvei announced that Lindsay Matthews will be joining its management team as General Counsel and Corporate Secretary effective today, May 31, 2021.

Ms. Matthews has over 23 years of broad legal experience in corporate, securities and commercial law, as well as in M&A and corporate governance, both as in-house counsel and in private practice. She was most recently Vice-President, General Counsel and Corporate Secretary of Gildan Activewear Inc., where she led the global legal team since 2010. Prior to joining Gildan in 2004, Ms. Matthews practised corporate and securities law at Ogilvy Renault (now Norton Rose Fulbright). Ms. Matthews holds a B.C.L. and LL.B. from the McGill University Faculty of Law as well as a B.A. from Northwestern University.

About 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. 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. 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.

Contact:

Investors
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com

MONTREAL, NOVEMBER 12, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and nine months ended September 30, 2024.

“We are pleased to report third quarter financial results that underscore the rapid scaling of our business, with total volume increasing 27% and revenue higher by 17% year-over-year, setting us up well to achieve our targeted growth in the quarters and years ahead as we deliver more differentiated value across our global payment solutions platform,” said Philip Fayer, Nuvei Chair and CEO. “Our business remains highly profitable, with third quarter margins reflecting opportunistic investments to expand our global footprint. As we look to finalize our pending take-private, we are already executing on a highly compelling value creation plan, and we have initiated the process of adding 300-plus new roles across our product, technology, and commercial teams,” concluded Fayer.

Financial Highlights for the Three Months Ended September 30, 2024 Compared to 2023:

• Total volume(a) increased by 27% to $61.3 billion from $48.2 billion;
• Revenue increased by  17% to $357.6 million from $304.9 million;
• Net income increased to $17.2 million from a net loss of  $18.1 million;
• Adjusted EBITDA(b) decreased by 2% to $108.8 million from $110.7 million;
• Adjusted net income(b) decreased by 8% to $52.3 million from $56.8 million;
• Net income per diluted share increased to $0.10 from a net loss per diluted share of  $0.14;
• Adjusted net income per diluted share(b) decreased by 13% to $0.34 from $0.39;
• Adjusted EBITDA less capital expenditures(b) decreased to $92.6 million from $97.5 million.

Financial Highlights for the Nine Months Ended September 30, 2024 Compared to 2023:

• Total volume(a) increased by 30% to $183.1 billion from $141.2 billion;
• Revenue increased 20% to $1,038.2 million from $868.4 million;
• Net income increased to $17.8 million from a net loss of  $14.8 million;
• Adjusted EBITDA(b) increased by 7% to $340.4 million from $317.3 million;
• Adjusted net income(b) decreased by 1% to $177.4 million from $179.3 million;
• Net income per diluted share increased to $0.08 from a net loss per diluted share of $0.14;
• Adjusted net income per diluted share(b) decreased by 4% to $1.16 from $1.21;
• Adjusted EBITDA less capital expenditures(b)increased by 4% to $288.0 million from $277.0 million; and,
• Cash dividends declared were $42.3 million.

(a) 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 “Non-IFRS and Other Financial Measures”.

(b) Adjusted EBITDA, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures and non-IFRS ratios. 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. See “Non-IFRS and Other Financial Measures”.

Proposed take private transaction

As previously announced, on April 1, 2024 the Company entered into a definitive arrangement agreement to be taken private by Advent International (“Advent”), one of the world’s largest and most experienced global private equity investors, as well as a longstanding sponsor in the payments space, alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc. and Caisse de dépôt et placement du Québec, in an all-cash transaction which values the Company at an enterprise value of approximately $6.3 billion (the “Proposed transaction”). Advent will acquire all the issued and outstanding Subordinate Voting Shares and any Multiple Voting Shares (collectively the “Shares”) that are not Rollover Shares , for a price of $34.00 per Share, in cash. This price represents an attractive and significant premium of approximately 56% to the closing price of the Subordinate Voting Shares on the Nasdaq Global Select Market (“Nasdaq”) on March 15, 2024, the last trading day prior to media reports concerning a potential transaction involving the Company, and a premium of approximately 48% to the 90-day volume weighted average trading price per Subordinate Voting Share as of such date.

The Proposed transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act. The Proposed transaction was approved by shareholders at a special meeting held on June 18, 2024 and received court approval on June 20, 2024. The Proposed transaction remains subject to customary closing conditions, including receipt of key regulatory approvals (a majority of which were received and/or for which the waiting period has expired as of the date hereof, with a limited number of approvals remaining outstanding), is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in the fourth quarter of 2024.

Following completion of the transaction, it is expected that the Subordinate Voting Shares will be delisted from each of the Toronto Stock Exchange and the Nasdaq and that Nuvei will cease to be a reporting issuer in all applicable Canadian jurisdictions and will deregister the Subordinate Voting Shares with the U.S. Securities and Exchange Commission (the “SEC”).

Cash Dividend

Nuvei today announced that its Board of Directors has authorized and declared a cash dividend of $0.10 per Subordinate Voting Share and Multiple Voting Share, payable on December 12, 2024 to shareholders of record on November 26, 2024. The aggregate amount of the dividend is expected to be approximately $14 million, to be funded from the Company’s existing cash on hand. In accordance with the Plan of  arrangement, shareholders are entitled to dividends with a record date prior to the effective date of the Proposed transaction. Should the Proposed transaction be completed before the record date, the dividend will not be paid. Accordingly, payment of the dividend will be made on December 12, 2024 if the Proposed transaction is not completed prior to the record date of November 26, 2024.

The Company, for the purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation, designates the dividend declared for the quarter ended September 30, 2024, and any future dividends, to be eligible dividends. The Company further expects to report such dividends as a dividend to U.S. shareholders for U.S. federal income tax purposes. Subject to applicable limitations, dividends paid to certain non-corporate U.S. shareholders may be eligible for taxation as “qualified dividend income” and therefore may be taxable at rates applicable to long-term capital gains. A U.S. shareholder should talk to its advisor regarding such dividends, including with respect to the “extraordinary dividend” provisions of the Internal Revenue Code (US).

The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors, as more fully described under the heading “Forward-Looking Information” of this press release.

Conference Call, Financial Outlook and Growth Targets

In light of the Proposed transaction, Nuvei no longer holds earnings conference calls or provides a financial outlook or growth targets.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

Non-IFRS and Other Financial Measures

Nuvei’s condensed interim consolidated financial statements have been prepared in accordance with IFRS applicable to the preparation of interim financial statements, including IAS 34, Interim Financial Reporting, as issued by the IASB. The information presented in this press release includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Adjusted EBITDA less capital expenditures and Total 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 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.

Non-IFRS Financial Measures

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.

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 financing fees and legal settlement and other.

Non-IFRS Financial Ratios

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, respectively. 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

We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.

Total volume: We believe Total volume is an indicator 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. Total volume does 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.

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. Such forward-looking information may include, without limitation, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, expectations regarding industry trends and the size and growth rates of addressable markets, our business plans and growth strategies, addressable market opportunity for our solutions, expectations regarding growth and cross-selling opportunities and intention to capture an increasing share of addressable markets, the costs and success of our sales and marketing efforts, intentions to expand existing relationships, further penetrate verticals, enter new geographical markets, expand into and further increase penetration of international markets, intentions to selectively pursue and successfully integrate acquisitions, and expected acquisition outcomes, cost savings, synergies and benefits, including with respect to the acquisition of Paya, future investments in our business and anticipated capital expenditures, our intention to continuously innovate, differentiate and enhance our platform and solutions, expected pace of ongoing legislation of regulated activities and industries, our competitive strengths and competitive position in our industry, and expectations regarding our revenue, revenue mix and the revenue generation potential of our solutions and expectations regarding our margins and future profitability, as well as statements regarding the Proposed transaction with Advent International L.P., alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc., and Caisse de dépôt et placement du Québec, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Philip Fayer, certain investment funds managed by Novacap Management Inc., Caisse de dépôt et placement du Québec or Advent, are forward-looking information. Economic and geopolitical uncertainties, including regional conflicts and wars, including potential impacts of sanctions, may also heighten the impact of certain factors described herein.

In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.

Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, regarding, among other things, assumptions regarding foreign exchange rate, competition, political environment and economic performance of each region where the Company operates and general economic conditions and the competitive environment within our industry, including the following assumptions: (a) the Company will continue to effectively execute against its key strategic growth priorities, without any material adverse impact from macroeconomic or geopolitical headwinds on its or its customers' business, financial condition, financial performance, liquidity or any significant reduction in demand for its products and services, (b) the economic conditions in our core markets, geographies and verticals, including resulting consumer spending and employment, remaining at close to current levels, (c) assumptions as to foreign exchange rates and interest rates, including inflation, (d) the Company's continued ability to manage its growth effectively, (e) the Company's ability to continue to attract and retain key talent and personnel required to achieve its plans and strategies, including sales, marketing, support and product and technology operations, in each case both domestically and internationally, (f) the Company’s ability to successfully identify, complete, integrate and realize the expected benefits of past and recent acquisitions and manage the associated risks, as well as future acquisitions, (g) the absence of adverse changes in legislative or regulatory matters, (h) the Company’s continued ability to upskill and modify its compliance capabilities as regulations change or as the Company enters new markets or offers new products or services, (i) the Company’s continued ability to access liquidity and capital resources, including its ability to secure debt or equity financing on satisfactory terms, and (j) the absence of adverse changes in current tax laws. Unless otherwise indicated, forward-looking information does not give effect to the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.

Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our 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, the risk factors described in greater detail under “Risk Factors” of the Company's annual information form ("AIF") and the “Risk Factor’s” in the Company’s management’s discussion and analysis of financial condition and results of operations for the three and nine months ended September 30, 2024 (“MD&A”), such as: risks relating to our business, industry and overall economic uncertainty; the rapid developments and change in our industry; substantial competition both within our industry and from other payments providers; challenges implementing our growth strategy; challenges to expand our product portfolio and market reach; changes in foreign currency exchange rates, interest rates, consumer spending and other macroeconomic factors affecting our customers and our results of operations; challenges in expanding into new geographic regions internationally and continuing our growth within our markets; challenges in retaining existing customers, increasing sales to existing customers and attracting new customers; reliance on third-party partners to distribute some of our products and services; risks associated with future acquisitions, partnerships or joint-ventures; challenges related to economic and political conditions, business cycles and credit risks of our customers, such as wars like the Russia-Ukraine and Middle East conflicts and related economic sanctions; the occurrence of a natural disaster, a widespread health epidemic or pandemic or other similar events; history of net losses and additional significant investments in our business; our level of indebtedness; challenges to secure financing on favorable terms or at all; difficulty to maintain the same rate of revenue growth as our business matures and to evaluate our future prospects; inflation; challenges related to a significant number of our customers being small and medium businesses ("SMBs"); a certain degree of concentration in our customer base and customer sectors; compliance with the requirements of payment networks; reliance on, and compliance with, the requirements of acquiring banks and payment networks; challenges related to the reimbursement of chargebacks from our customers; financial liability related to the inability of our customers (merchants) to fulfill their requirements; our bank accounts being located in multiple territories and relying on banking partners to maintain those accounts; decline in the use of electronic payment methods; loss of key personnel or difficulties hiring qualified personnel; deterioration in relationships with our employees; impairment of a significant portion of intangible assets and goodwill; increasing fees from payment networks; misappropriation of end-user transaction funds by our employees; frauds by customers, their customers or others; coverage of our insurance policies; the degree of effectiveness of our risk management policies and procedures in mitigating our risk exposure; the integration of a variety of operating systems, software, hardware, web browsers and networks in our services; the costs and effects of pending and future litigation; various claims such as wrongful hiring of an employee from a competitor, wrongful use of confidential information of third parties by our employees, consultants or independent contractors or wrongful use of trade secrets by our employees of their former employers; deterioration in the quality of the products and services offered; managing our growth effectively; challenges from seasonal fluctuations on our operating results; changes in accounting standards; estimates and assumptions in the application of accounting policies; risks associated with less than full control rights of some of our subsidiaries and investments; challenges related to our holding company structure; impacts of climate change; development of AI and its integration in our operations, as well as risks relating to intellectual property and technology, risks related to data security incidents, including cyber-attacks, computer viruses, or otherwise which may result in a disruption of services or liability exposure; challenges regarding regulatory compliance in the jurisdictions in which we operate, due to complex, conflicting and evolving local laws and regulations and legal proceedings and risks relating to our Subordinate Voting Shares. [These risks and uncertainties further include (but are not limited to) as concerns the Proposed transaction with Advent, the failure of the parties to obtain the necessary regulatory approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary regulatory approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all.] In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the arrangement agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.

Our dividend policy is at the discretion of the Board. Any future determination to declare cash dividends on our securities will be made at the discretion of our Board, subject to applicable Canadian laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions (including covenants contained in our credit facilities), general business conditions and other factors that our Board may deem relevant. Further, our ability to pay dividends, as well as make share repurchases, will be subject to applicable laws and contractual restrictions contained in the instruments governing our indebtedness, including our credit facility. Any of the foregoing may have the result of restricting future dividends or share repurchases.

Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking 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.

Contact:

Investors

Chris Mammone, Head of Investor Relations

IR@nuvei.com

_{(a) These expenses relate to:}

_{(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and nine months ended September 30, 2024, these expenses were $2.4 million and $16.8 million ($3.4 million and $23.0 million for the three months and nine months ended September 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.}

_{(ii) acquisition-related compensation was $0.7 million and $2.4  million for the three months and nine months ended September 30, 2024 and $0.6 million and $3.5 million for the three months and nine months ended September 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.}

_{(iii) change in deferred purchase consideration for previously acquired businesses.  No amount was recognized for the three months and nine months ended September 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.}

_{(iv) severance and integration expenses, which were $4.6 million and $5.1  million for the three months and nine months ended September 30, 2024 ($1.1 million and $10.6 million for three months and nine months ended September 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.}

_{(b) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and nine months ended September 30, 2024, the expenses consisted of non-cash share-based payments of $14.9 million and $65.3 million ($34.0 million and $105.5 million for the three months and nine months ended September 30, 2023), $0.5 million and $4.9 million for related payroll taxes ($0.1 million and $0.9 million for the three months and nine months ended September 30, 2023),}

_{(c) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the nine months ended September 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.}

_{(a) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and resulting from a change in control of the Company.}

_{(b) These expenses relate to:}

_{(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and nine months ended September 30, 2024, these expenses were $2.4 million and $16.8 million ($3.4 million and $23.0 million for the three months and nine months ended September 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.}

_{(ii)   acquisition-related compensation was $0.7 million and $2.4  million for the three months and nine months ended September 30, 2024 and $0.6 million and $3.5 million for the three months and nine months ended September 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.}

_{(iii)  change in deferred purchase consideration for previously acquired businesses.  No amount was recognized for the three months and nine months ended September 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.}

_{(iv)  severance and integration expenses, which were $4.6 million and $5.1 million for the three months and nine months ended September 30, 2024 ($1.1 million and $10.6 million for the three months and nine months ended September 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.}  

_{(c) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and nine months ended September 30, 2024, the expenses consisted of non-cash share-based payments of $14.9 million and $65.3 million ($34.0 million and $105.5 million for the three months and nine months ended September 30, 2023), $0.5 million and $4.9 million for related payroll taxes ($0.1 million and $0.9 million for the three months and nine months ended September 30, 2023).}

_{(d) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the nine months ended September 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.}

_{(e) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.}

_{(f) 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.}

‍[1] https://www.trade.gov/country-commercial-guides/japan-ecommerce-0 [2] https://www.nuvei.com/jp/posts/nuvei-launches-in-japan. [3] https://www.researchandmarkets.com/reports/5987254/japan-online-retail-forecast-28

‍[1] https://www.trade.gov/country-commercial-guides/japan-ecommerce-0 [2] https://www.nuvei.com/jp/posts/nuvei-launches-in-japan. [3] https://www.researchandmarkets.com/reports/5987254/japan-online-retail-forecast-28

‍[1] https://www.trade.gov/country-commercial-guides/japan-ecommerce-0 [2] https://www.nuvei.com/jp/posts/nuvei-launches-in-japan. [3] https://www.researchandmarkets.com/reports/5987254/japan-online-retail-forecast-28

‍[1] https://www.trade.gov/country-commercial-guides/japan-ecommerce-0 [2] https://www.nuvei.com/jp/posts/nuvei-launches-in-japan. [3] https://www.researchandmarkets.com/reports/5987254/japan-online-retail-forecast-28

MONTREAL, November 3, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and nine months ended September 30, 2022.

“We are pleased with our results for the quarter, which exceeded the financial outlook previously provided. Results were driven by higher volumes and wallet share expansion as reflected in our constant currency volume growth of 38%, new client wins, our continued investment in technology and product offerings, and our geographic expansion,” said Philip Fayer, Nuvei’s Chair and CEO.

“We’re executing on our strategic initiatives and with the momentum we’re experiencing in the business year-to-date through October, we are increasing certain metrics as well as reaffirming the outlook for the full year 2022. We are also reiterating  our medium and long-term targets.”

Financial Highlights for the Three Months Ended September 30, 2022

• Total volume⁽¹⁾ increased 30% to $28.0 billion from $21.6 billion;
• eCommerce represented 87% of total volume;
• Total volume growth at constant currency⁽¹⁾ was 38% with Total volume at constant currency⁽¹⁾ increasing to $29.7 billion from $21.6 billion;
• Revenue increased 7% to $197.1 million from $183.9 million;
• Revenue was impacted unfavorably by changes in foreign currency exchange rates year-over-year by $11.5 million;
• Revenue growth at constant currency⁽²⁾ was 13% with Revenue at constant currency⁽²⁾ increasing to $208.6 million from $183.9 million;
• Net income decreased by 54% to $13.0 million from $28.0 million, primarily due to a $22.6 million increase in share-based payments;
• Adjusted EBITDA⁽²⁾ increased to $81.2 million from $80.9 million;
• Adjusted EBITDA was impacted unfavorably by changes in foreign currency exchange rates year-over-year by approximately $5 million;
• Adjusted net income⁽²⁾ increased to $62.4 million from $62.3 million;
• Net income per diluted share decreased by 58% to $0.08 compared to $0.19;
• Adjusted net income⁽²⁾ per diluted share increased to $0.43 compared to $0.42; and
• Adjusted EBITDA less capital expenditures⁽²⁾ decreased by 8% to $68.5 million from $74.5

Financial Highlights for the Nine Months Ended September 30, 2022

• Total volume⁽¹⁾ increased 36% to $87.4 billion from $64.1 billion;
• eCommerce represented 87% of total volume;
• Total volume growth at constant currency⁽¹⁾ was 42% with Total volume at constant currency⁽¹⁾ increasing to $90.9 billion from $64.1 billion;
• Revenue increased 22% to $623.0 million from $512.7 million;
• Revenue was impacted unfavorably by changes in foreign currency exchange rates year-over-year by $28.3 million;
• Revenue growth at constant currency⁽²⁾ was 27% with Revenue at constant currency⁽²⁾ increasing to $651.3 million from $512.7 million;
• Net income decreased to $52.6 million from net income of $94.7 million, primarily due to a $83.4 million increase in share-based payments;
• Adjusted EBITDA⁽²⁾ increased by 18% to $265.6 million from $225.8 million;
• Adjusted net income⁽²⁾ increased by 16% to $206.2 million from $178.0 million;
• Net income per diluted share decreased by 47% to $0.34 from $0.64;
• Adjusted net income⁽²⁾ per diluted share increased by 14% to $1.39 from $1.22;
• Adjusted EBITDA less capital expenditures⁽²⁾ increased by 11% to $231.8 million from $208.3 million; and
• Cash balance of $754 million at September 30, 2022 compared to $749 million at December 31, 2021, mainly due to cash generation being offset by the repurchase and cancellation of approximately 8 million Subordinate Voting Shares for total consideration, including transaction costs, of $109 million.

⁽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 merchants under contractual agreement with the Company. See “Non-IFRS and Other Financial Measures”.

⁽²⁾ Adjusted EBITDA, Revenue at constant currency, Revenue growth at constant currency, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures and non-IFRS ratios. 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. See “Non-IFRS and Other Financial Measures”.

Operational Highlights

• Revenue for the third quarter of 2022 increased 4% to $105.5 million in Europe, the Middle East and Africa, increased 9% to $83.1 million in North America, increased 28% to $7.6 million in Latin America, and increased 47% to $1.0 million in Asia Pacific.
• North America eCommerce direct revenue increased 40% to $25.6 million in this year’s third quarter from last year’s third quarter, representing approximately 30% of total North America revenue.
• With respect to advancements in technology and product innovation, Nuvei:
• Enhanced its platform architecture and infrastructure to support a greater number of transactions per second than previously, accommodate local data protection residency rules further enabling the Company to expand in more countries around the world, and offer segregated environments for large customers should it be a requirement.
• Launched “Nuvei for Platforms” accelerating its marketplace offering with its fully customizable solution supporting complete functionality of its modular platform via a single integration.
• Enhanced its payment orchestration platform with a self-service routing manager allowing customers to choose the routing of transactions amongst different acquirers based on their preferences using the Company’s data analytics.
• Launched several additional products including Account Updater in Europe, Mastercard tokenization, Visa Account Funding Transaction Support, its partnership with Visa for buy now pay later in Canada, and its enhanced risk services and reporting offerings.
• Nuvei added multiple new alternative payment methods (“APMs”) increasing its portfolio to 586 at the end of the third quarter, expanding access and allowing its customers to accept more forms of regionally familiar and preferred digital payment method
• Nuvei received its gaming license in Maryland and Kansas, as well as a money transmitter license in Puerto Rico, expanding its online gaming reach in the United States.
• Nuvei expanded it executive leadership team with the hiring of Vicky Bindra in the newly created position of Chief Operating and Product Officer.
• The Company added 66 new team members in the third quarter of 2022, ending with 1,636 employees at September 30, 2022 compared with 1,368 employees at December 31, 2021.

Financial Outlook⁽³⁾

For the three months ending December 31, 2022 and the  fiscal year ending December 31, 2022, Nuvei anticipates Total volume⁽¹⁾, Revenue, Revenue in constant currency and Adjusted EBITDA⁽²⁾ to be in the ranges below.

The financial outlook, including the various underlying assumptions, constitute forward-looking information within the meaning of applicable securities laws and is fully qualified and based on a number of assumptions and subject to a number of risks described under the headings “Forward-Looking Information” and “Financial Outlook and Growth Targets Assumptions” of this press release.

Growth Targets

Nuvei’s medium-term⁽⁴⁾ annual growth targets for Total volume⁽¹⁾ and revenue, as well as its long-term target for Adjusted EBITDA margin⁽²⁾, are shown in the table below. These medium⁽⁴⁾ and long-term⁽⁴⁾ 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, and at a further stage of business maturity, through geographic expansion, product innovation, growing wallet share with existing customers and new customer wins, as more fully described under the heading “Summary of Factors Affecting our Performance” of our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations. These growth targets, including the various underlying assumptions, constitute forward-looking information within the meaning of applicable securities laws and are fully qualified and based on a number of assumptions and subject to a number of risks described under the headings “Forward-Looking Information” and “Financial Outlook and Growth Targets Assumptions” of this press release. We will review and revise these growth targets as economic, market and regulatory environments change.

⁽¹⁾ Total volume do 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 “Non-IFRS and Other Financial Measures” below.

⁽²⁾ Revenue at constant currency, Revenue growth at constant currency, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures. See “Non-IFRS and Other Financial Measures”.

⁽³⁾ 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), 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. 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 headings “Forward-looking information” and “Financial Outlook and Growth Targets Assumptions” of this press release.

⁽⁴⁾ The Company defines “Medium-term” as between three and five years and “long-term” as five to seven years.

Conference Call Information

Nuvei will host a conference call to discuss its third quarter 2022 financial results today, Thursday, November 3, 2022 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. A replay will be available on the investor relations website following the call.

The conference call can also be accessed live over the phone by dialing 844-826-3033 (US/Canada toll-free), or 412-317-5185 (international). A replay will be available one hour 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 10171461. The replay will be available through Tuesday, November 17, 2022.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47 markets, 150 currencies and 586 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

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 press release 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, 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 core 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.

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 excluding 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.

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.

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.

Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance. In the third quarter of 2022, we retrospectively modified the label of this measure from “Free cash flow” in order to clearly reflect its composition.

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.

Adjusted EBITDA margin: Adjusted EBITDA margin means Adjusted EBITDA divided by revenue.

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

We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.

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.

Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance. In the third quarter of 2022, we retrospectively modified the label of this measure from “Free cash flow” in order to clearly reflect its composition.

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.

Adjusted EBITDA margin: Adjusted EBITDA margin means Adjusted EBITDA divided by revenue.

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

We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s outlook on Total volume, Revenue, Revenue at constant currency and Adjusted EBITDA for the three months ending December 31, 2022 and the year ending December 31, 2022 as well as medium and long-term targets on Total volume, Revenue and Adjusted EBITDA margin. Forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, expectations regarding industry trends and the size and growth rates of addressable markets, our business plans and growth strategies, addressable market opportunity for our solutions, expectations regarding growth and cross-selling opportunities and intention to capture an increasing share of addressable markets, the costs and success of our sales and marketing efforts, intentions to expand existing relationships, further penetrate verticals, enter new geographical markets, expand into and further increase penetration of international markets, intentions to selectively pursue and successfully integrate acquisitions, and expected acquisition outcomes and benefits, future investments in our business and anticipated capital expenditures, our intention to continuously innovate, differentiate and enhance our platform and solutions, expected pace of ongoing legislation of regulated activities and industries, our competitive strengths and competitive position in our industry, expectations regarding our revenue, revenue mix and the revenue generation potential of our solutions, expectations regarding our margins and future profitability, our financial outlook and guidance as well as medium and long-term targets in various financial metrics, and the future impact of the COVID-19 pandemic is forward-looking information. The Russia and Ukraine conflict, including potential impacts of sanctions, may also heighten the impact of certain factors described herein.

In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management, regarding, among other things, general economic conditions and the competitive environment within our industry. See also “Financial Outlook and Growth Targets Assumptions”.

Unless otherwise indicated, forward-looking information does not give effect to the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Nuvei’s financial outlook also constitutes financial outlook within meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding management’s expectations regarding our financial performance and the reader is cautioned that it may not be appropriate for other purposes. Our medium and long-term growth targets serve as guideposts as we execute on our strategic priorities in the medium to long term and are provided for the purposes of assisting the reader in measuring progress toward management’s objectives, and the reader is cautioned that they may not be appropriate for other purposes.

Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our 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, the risk factors described in greater detail under “Risk Factors” of the Company’s annual information form filed on March 8, 2022 (the “AIF”). In particular, our financial outlook and medium and long-term targets are subject to risks and uncertainties related to:

• risks relating to our business and industry, such as the ongoing COVID-19 pandemic, including the resulting global economic uncertainty and measures taken in response to the pandemic, and increasing inflationary pressures and interest rates;
• a declining level of volume activity in certain verticals, including digital assets and cryptocurrencies, and the resulting negative impact on the demand for, and prices of, our products and services;
• the rapid developments and change in our industry;
• intense competition both within our industry and from other payments methods;
• challenges implementing our growth strategy;
• challenges to expand our product portfolio and market reach;
• challenges in expanding into new geographic regions internationally and continuing our growth within our markets;
• challenges in retaining existing clients, increasing sales to existing clients and attracting new clients;
• managing our growth effectively;
• difficulty to maintain the same rate of revenue growth as our business matures and to evaluate our future prospects;
• history of net losses and additional significant investments in our business;
• our level of indebtedness;
• risks associated with past and future acquisitions;
• challenges related to a significant number of our merchants being small-and-medium sized businesses (“SMBs”);
• concentration of our revenue from payment services;
• compliance with the requirements of payment networks;
• challenges related to the reimbursement of chargebacks from our merchants;
• decline in the use of electronic payment methods;
• changes in foreign currency exchange rates, inflation, interest rates, consumer spending trends and other macroeconomic factors affecting results of operations;
• loss of key personnel or difficulties hiring qualified personnel;
• impairment of a significant portion of intangible assets and goodwill;
• increasing fees from payment networks;
• challenges related to general economic, financial market and geopolitical conditions, business cycles and credit risks of our clients;
• reliance on third-party partners to sell some of our products and services;
• misappropriation of end-user transaction funds by our employees;
• fraud by merchants, their customers or others;
• the degree of effectiveness of our risk management policies and procedures in mitigating our risk exposure;
• the integration of a variety of operating systems, software, hardware, web browsers and networks in our services;
• the costs and effects of pending and future litigation;
• challenges to secure financing on favorable terms or at all;
• challenges from seasonal fluctuations on our operating results;
• changes in accounting standards;
• estimates and assumptions in the application of accounting policies;
• risks relating to intellectual property and technology;
• risks relating to regulatory and legal proceedings;
• the impact of supply chain challenges on our customers;
• measures determined in accordance with IFRS may be affected by unusual, extraordinary, or non-recurring items, or by items which do not otherwise reflect operating performance, making period-to-period comparisons less relevant; and
• any potential acquisitions or other strategic opportunities, some of which may be material in size or result in significant integration difficulties or expenditures, or otherwise impact our ability to achieve profitability on our intended timeline or at all.

Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking 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.

Financial Outlook and Growth Targets Assumptions

The financial outlook for the remainder of 2022 assumes greater currency headwinds than previously expected from the stronger U.S. dollar; higher volatility and lower volume in digital assets and cryptocurrencies than previously anticipated; and the potential impact from higher inflation and rising interest rates which could increase pressure on consumer spending in the second half of the year. The updated financial outlook and specifically the Adjusted EBITDA, as well as the Adjusted EBITDA margin long-term growth target, reflect the Company’s strategy to accelerate its investment in distribution, marketing, innovation, and technology. When measured as a percentage of revenue, these expenses are expected to decrease as our investments in distribution, marketing, innovation, and technology normalize over time.

Our financial outlook and growth targets are based on a number of additional assumptions, including the following:

• our results of operations and ability to achieve suitable margins will continue in line with management’s expectations,
• we will continue to effectively execute against our key strategic growth priorities, without any material adverse impact from the COVID-19 pandemic on our or our merchants’ business, financial condition, financial performance, liquidity nor any significant reduction in demand for our products and services,
• losses owing to business failures of merchants and customers will remain in line with anticipated levels,
• existing customers growing their business and expanding into new markets within selected high-growth eCommerce and mobile end-markets, including online retail, online marketplaces, digital goods and services, regulated online gaming, social gaming, financial services and travel;
• our ability to cross-sell and up-sell new and existing products and services to our existing customers with limited incremental sales and marketing expenses;
• our customers increasing their daily sales, and in turn their business volume of our solutions, at growth rates at or above historical levels for the past few years;
• our ability to maintain existing customer relationships and to continue to expand our customers’ use of more solutions from our Native Commerce Platform at or above historical levels for the past few years;
• our ability to leverage our sales and marketing experience in capturing and serving SMBs in North America and large enterprises in Europe and enable customer base expansion by targeting large enterprises in North America, with a focus in the eCommerce and mobile commerce channels;
• our sales and marketing efforts and continued investment in our direct sales team and account management driving future growth by adding new customers adopting our technology processing transactions in existing and new geographies at or above historical levels;
• our ability to further leverage our broad and diversified network of distribution partners;
• our ability to expand and deepen our footprint and to add new customers adopting our technology processing transactions in geographies where we have an emerging presence, such as Asia Pacific and Latin America;
• our ability to expand and keep our portfolio of services technologically current through continued investment in our Native Commerce Platform and to design and deliver solutions that meet the specific and evolving needs of our customers;
• our ability to maintain and/or expand our relationships with acquiring banks in North America;
• our continued ability to maintain our competitiveness relative to competitors’ products or services, including as to changes in terms, conditions and pricing,
• our continued ability to manage our growth effectively,
• we will continue to attract and retain key talent and personnel required to achieve our plans and strategies, including sales, marketing, support and product and technology operations, in each case both domestically and internationally,
• our ability to successfully identify, complete, integrate and realize the expected benefits of, acquisitions and manage the associated risks, such as the Base Commerce, Mazooma, Simplex and Paymentez acquisitions, as well as future acquisitions;
• gradual recovery in macroeconomic conditions and financial markets following 2022, and absence of material adverse changes in economic conditions in our core markets, geographies and verticals,
• average foreign currency exchange rates remaining at near current levels;
• interest rates increasing modestly and inflation remaining in line with central bank expectations in countries where we are doing business;
• the absence of adverse changes in legislative or regulatory matters,
• our continued ability to upskill and modify our compliance capabilities as regulations change or as we enter new markets, such as our customer underwriting, risk management, know your customer and anti-money laundering capabilities, with minimal disruption to our customers’ businesses;
• our liquidity and capital resources, including our ability to secure debt or equity financing on satisfactory terms;
• the absence of adverse changes in current tax laws,
• our ability to expand profit margins by reducing variable costs as a percentage of total expenses, and leveraging fixed costs with additional scale and as the issuer’s investments in, for example, direct sales and marketing normalize; and
• increases in volume driving profitable revenue growth with limited additional overhead costs required, as a result of the highly scalable nature of our business model and the inherent operating leverage.

Contact:

Investors

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

‍Statements of Profit or Loss and Comprehensive Income or Loss Data

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

調整後EBITDAおよび資本支出控除後EBITDAの純利益への調整

(単位：千米ドル）

• これらの費用は以下の通りである：
• 買収活動および財務活動に関連する専門家報酬、弁護士報酬、コンサルティング報酬、会計報酬およびその他の費用。2022年9月30日に終了した3ヵ月間および9ヵ月間については、これらの費用は280万ドルおよび620万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間については、それぞれ0.7百万ドルおよび10.5百万ドル）であった。これらの費用は販売費および一般管理費の専門家報酬の項目に表示されている。
• 2022年9月30日に終了した3ヵ月間および9ヵ月間において、買収関連報酬は750万ドルおよび1,430万ドル、2021年9月30日に終了した3ヵ月間および9ヵ月間において、買収関連報酬は630万ドルであった。これらの費用は販売費および一般管理費の従業員報酬項目で表示されている。
• 過去に買収した事業の繰延購入対価の変動。2022年9月30日に終了した3ヵ月間および9ヵ月間において0.5百万ドルおよび1.0百万ドルの利 益が認識され、2021年9月30日に終了した9ヵ月間においてはゼロであった。これらの金額は販売費および一般管理費の偶発対価調整項目で表示されている。
• 退職金および統合費用は、2022年9月30日に終了した3ヵ月間および9ヵ月間でそれぞれ150万ドルおよび210万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間ではそれぞれ0.3百万ドル）であった。これらの費用は販売費および一般管理費に計上されている。
• これらの費用は、株式報酬制度に基づき発行されたストック・オプションおよびその他の報酬に関連して認識された費用、ならびに株式報酬に直接帰属する関連給与税である。2022年9月30日に終了した3ヵ月間および9ヵ月間については、現金支出を伴わない株式報酬33.8百万ドルおよび103.7百万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間は11.2百万ドルおよび20.2百万ドル）、重要性の乏しい関連給与税0.1百万ドル（2021年はゼロ）であった。
• この項目は主に訴訟和解金および関連する訴訟費用、現金支出を伴わない利益、損失、引当金繰入額、その他特定の費用である。これらの費用は販売費および一般管理費に計上されている。

調整後純利益、基本的1株当たり調整後純利益、希薄化後1株当たり調整後純利益の純利益への調整

(単位：千米ドル（1株および1株当たり金額を除く）

• この項目は、被買収企業および事業の買収価格調整プロセスにより創出された無形資産および会社の支配権の変更による無形資産の償却費に関するものである。
• これらの費用は以下の通りである：
• 買収活動および財務活動に関連する専門家報酬、弁護士報酬、コンサルティング報酬、会計報酬およびその他の費用。2022年9月30日に終了した3ヵ月間および9ヵ月間については、これらの費用は280万ドルおよび620万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間については、それぞれ0.7百万ドルおよび10.5百万ドル）であった。これらの費用は販売費および一般管理費の専門家報酬の項目に表示されている。
• 買収関連報酬は、2022年9月30日に終了した3ヵ月間および9ヵ月間において750万ドルおよび1,430万ドル、2021年9月30日に終了した3ヵ月間および9ヵ月間において630万ドルであった。これらの費用は販売費および一般管理費の従業員報酬項目で表示されている。
• 過去に買収した事業の繰延購入対価の変動。2022年9月30日に終了した3ヵ月間および9ヵ月間において0.5百万ドルおよび1.0百万ドルの利 益が認識され、2021年9月30日に終了した9ヵ月間においてはゼロであった。これらの金額は販売費および一般管理費の偶発対価調整項目で表示されている。
• 退職金および統合費用は、2022年9月30日に終了した3ヵ月間および9ヵ月間でそれぞれ150万ドルおよび210万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間ではそれぞれ0.3百万ドル）であった。これらの費用は販売費および一般管理費に計上されている。
• これらの費用は、株式報酬制度に基づき発行されたストック・オプションおよびその他の報酬に関連して認識された費用、ならびに株式報酬に直接帰属する関連給与税である。2022年9月30日に終了した3ヵ月間および9ヵ月間については、現金支出を伴わない株式報酬33.8百万ドルおよび103.7百万ドル（2021年9月30日に終了した3ヵ月間および9ヵ月間は11.2百万ドルおよび20.2百万ドル）、重要性の乏しい関連給与税0.1百万ドル（2021年はゼロ）であった。
• この項目は主に訴訟和解金および関連する訴訟費用、現金支出を伴わない利益、損失、引当金繰入額、その他特定の費用である。これらの費用は販売費および一般管理費に計上されている。
• この項目は、適用される法域の税率を用いた課税調整に対する税金費用を反映している。
• 希薄化後1株当たり調整後当期純利益の計算において、希薄化後加重平均発行済み普通株式数に使用される株式報酬の 数は、IFRSで認められている自己株式法を用いて決定される。

地域別売上高

以下の表は、加盟店の請求先に基づく地域別の売上高をまとめたものである：

以下の表は、売上高と恒常為替レート調整後売上高および恒常為替レート調整後売上高成長率の調整表である：

恒常為替レート変動の影響を除いた既存事業売上高および恒常為替レート変動の影響を除いた既存事業売上高成長率の収益への調整

以下の表は、売上高を恒常為替レート調整後の既存事業売上高および恒常為替レート調整後の既存事業売上高成長率と調整したものである：

(a) 当社は、2021年8月3日にMazooma Technical Services Inc.(Ltd.（以下「シンプレクス」）およびPaymentez LLC（以下「ペイメントス」）を2021年9月1日に買収した。

Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards (“IFRS”)

2021年11月9日、モントリオール発 -繁盛ブランドのグローバル決済テクノロジー・パートナーであるNuvei Corporation（以下「Nuvei」または「当社」）（Nasdaq: NVEI）（TSX: NVEI）は本日、2021年9月30日に終了した第3四半期の決算を発表しました。

「ヌヴェイのフィリップ・フェイヤー会長兼最高経営責任者（CEO）は次のように述べています。「第3四半期は、従来の見通しを上回る業績を達成し、革新的な新製品ソリューションを発表し、代替決済手段（APM）のポートフォリオを拡大し、いくつかのエキサイティングな新規顧客獲得を発表し、対応可能な市場、製品能力、地理的な足跡を強化・拡大する3件の買収を完了するなど、多くの重要なマイルストーンを達成しました。「第3四半期はトロント証券取引所での株式公開1周年記念日でもあり、10月初旬には米国ナスダック市場への新規株式公開にも成功しました。ヌヴェイの全チームのたゆまぬ貢献と、これらすべてを可能にしたことに感謝したい。当社の業績は、単一の統合プラットフォームを通じて、国、通貨、決済の種類に関係なく、顧客が顧客とさらにつながることができるよう、たゆまぬ努力を続けていることに支えられています。当社は引き続き事業の大きな勢いを経験しており、持続可能で収益性の高い成長に向けて十分な態勢を整えています。私たちはこの業績を誇りに思うと同時に、2021年通年の業績見通しを引き上げ、以前に発表した中長期的な成長目標を改めて表明します。"

2021年9月期第1四半期財務ハイライト

• 総取扱高⁽¹⁾は 115 億ドルから 88％増の 216 億ドル
• eコマースが総取扱高の83％を占める
• 売上高は9,380万ドルから96％増の1億8,390万ドル
• 純利益は7,790万ドルの純損失から1億590万ドル増の2,800万ドルとなった。
• 調整後EBITDA⁽²⁾は4,100万ドルから97％増の8,090万ドル
• 調整後純利益⁽²⁾は1,650万ドルに対し6,230万ドルであった。
• 希薄化後1株当たり純利益は0.88ドルの純損失に対し0.19ドル
• 希薄化後1株当たり調整後純利益⁽²⁾0.17ドルに対し0.42ドル
• 2021年9月30日時点の現金残高は2億8870万ドル（2020年12月31日時点は1億8070万ドル

2021年9月期第3四半期財務ハイライト

• 総取扱高⁽¹⁾は293億ドルから119％増の641億ドル
• eコマースが総取扱高の85％を占める
• 売上高は2億6,030万ドルから97％増の5億1,270万ドルへ
• 純利益は1億2,620万ドルの純損失に対し、2億2,100万ドル増の9,470万ドルとなった。
• 調整後EBITDA⁽²⁾は1億1,170万ドルから102％増の2億2,580万ドル
• 調整後純利益⁽²⁾は4,250万ドルに対し1億7,800万ドルだった。
• 希薄化後1株当たり純利益は1.49ドルの純損失に対し0.64ドル
• 希薄化後1株当たり調整後純利益⁽²⁾0.46ドルに対し1.22ドル
• 営業活動によるキャッシュ・フローは4,900万ドルから2億190万ドルに増加した。

オペレーション・ハイライト

• 当四半期の総販売台数^(1)は、北米が118％増、欧州・中東・アフリカ（EMEA）が62％増、アジア太平洋（APAC）が140％増、中南米（LATAM）が93％増と、4地域すべてで増加した。
• Nuveiは、2021年第3四半期末時点でAPMのポートフォリオを500以上に増やし、複数の新たな代替決済手段（以下「APM」）を追加した。
• 当社は、Visaダイレクトによる北米でのペイアウトを可能にし、リアルタイムのペイアウト・オプションのポートフォリオをさらに拡大・強化し、完全なリコンサイルとネット決済を実現することで、決済プロセスを簡素化し、効率を向上させ、加盟店の顧客に大きなメリットを提供した。
• Nuveiは欧州でカード発行を開始した。これは当社にとって新たな事業分野であり、同地域の加盟店顧客に対する製品提供とソリューション能力をさらに拡大し、新たな市場機会を提示するものである。
• Nuveiは、米国（以下「米国」）におけるオンラインゲームおよびスポーツベッティングで牽引力を強め、第3四半期には、BetMGM、888およびSI Sportsbook（米国でオンラインゲームおよびスポーツベッティングに参入したスポーツ・イラストレイテッド社初のベンチャー企業）、Carousel Group、Triplebet/Matchbet、PrizePicksなど、複数の新規顧客の獲得を発表した。また、オランダ初のオンラインカジノであるHolland Casinoの決済ソリューション・プロバイダーにも選ばれた。
• Nuveiは、先に発表したSimplexCC Ltd.（以下「シンプレクス」）とPaymentez LLC（以下「ペイメンテス」）の買収を2021年9月1日に完了した。(Ltd.（以下「シンプレクス社」）とPaymentez LLC（以下「ペイメント社」）の買収を2021年9月1日に完了した。
• シンプレクスの買収により、Nuveiは実績のある人工知能（AI）技術に裏打ちされた特注の不正防止・リスク管理ツールを提供する能力を拡大し、その結果、暗号通貨、NFT、分散型金融（DeFi）プロバイダーのインスタント・フィアット購入を簡素化することで、より高いコンバージョン率と優れた流動性を実現します。Nuveiは、Simplexの高度な機能と強化されたソリューションを、注力するすべての業種の加盟店に提供し、同様にNuveiのすべての製品ソリューションと機能をSImplexの顧客に紹介する予定です。
• ペイメンテス社の買収により、Nuveiはラテンアメリカにおけるプレゼンスを大幅に拡大・強化することで、対応可能な総市場をさらに拡大し、地域的な処理能力を強化し、現地の追加支払方法のサポートを可能にし、オンライン商取引で急成長しているこの地域において、新規および既存のグローバル顧客にサービスを提供できる体制を整えました。
• 当社は経営陣を強化し、長年CTOを務めたキース・バーソング氏の退任に伴い、マックス・アティアス氏をグループ最高技術責任者（CTO）に昇格させたほか、フィンテック業界のベテランであるギヨーム・コンテヴィル氏を最高マーケティング責任者に、人事部門のリーダーであるニッキー・ジンマン氏を最高人事責任者に任命した。
• 2021年10月8日、ヌヴェイはナスダック・グローバル・セレクト・マーケット（ナスダック）において、総額約4億2,480万ドルの総額4億2,480万ドルの劣後議決権付株式345万株（引受会社によるオーバーアロットメント・オプションの完全行使を含む）の新規株式公開（IPO）を完了した。

財務見通し

2021年12月31日に終了する3カ月間および通期について、ヌヴェイは総数量⁽¹⁾、売上高および調整後EBITDA⁽²⁾が以下の範囲になると予想している。2021年9月30日に終了した3カ月間の業績が好調であり、売上高および調整後EBITDA⁽²⁾の見通しを上回ったこと、また事業の勢いが継続していることを考慮し、経営陣は2021年12月31日に終了する年度の財務見通しを引き上げる。更新された財務見通し、特に調整後EBITDA⁽²⁾は、流通、マーケティング、革新、技術、および最近のMazooma買収によるインフラへの投資を加速する当社の戦略を反映している。当社はこれらの投資が成長計画を支えるものと期待している。財務見通しには、最近完了したシンプレクス社とペイメント社の買収も含まれている。

財務見通しは、本プレスリリースの「将来の見通しに関する情報」の見出しの下に記載されている多くの仮定に基づくものであり、完全に限定されています。また、ヌヴェイの見通しは、適用される証券取引法の意味における「財務見通し」を構成するものであり、読者が当社の財務業績を理解し、経営目標に向けた進捗状況を測定することを支援する目的で提供されるものであり、他の目的には適さない可能性があることにご留意ください。

成長目標

Nuveiの中期的⁽³⁾な年間総取扱高⁽¹⁾および売上高の成長目標、ならびに長期的な調整後EBITDAマージン⁽²⁾の目標は下表のとおりである。当社は、地理的拡大、製品の革新、既存加盟店顧客とのウォレットシェアの拡大、直販チャネルを通じた新規加盟店顧客の獲得と販売パイプラインの成長、および当社がサービスを提供する業界の追い風を原動力とする中核事業の勢いと業績の継続により、中期的⁽³⁾および長期的⁽³⁾目標の達成を見込んでいる。

⁽¹⁾ 総取扱高は、当社による収益を示すものではなく、当社との契約に基づいて加盟店が処理した取引の合計金額です。総取扱高については、当社の最新の「財政状態および経営成績についての経営陣による検討および分析」で詳しく説明している。

⁽²⁾ 調整後EBITDA、調整後EBITDAマージン、調整後純利益は非IFRS指標である。非IFRS指標」を参照。

⁽³⁾ 「中期」および「長期」は、当社が定義したものではなく、また定義する予定もありません。これらの目標は、予測、予想、または期待される成果として考慮されるべきではなく、むしろ当社の戦略の実行から生じる可能性のある目標です。これらの成長目標は、本プレスリリースの「将来予測情報」の見出しの下に記載されている多くの仮定に基づくものであり、完全に限定されたものです。

Conference Call Information

ヌヴェイは本日11月9日午前8時30分（米国東部時間）より、2021年第3四半期決算に関する電話会議を開催する。電話会議の司会は、フィリップ・フェイヤー会長兼最高経営責任者（CEO）とデビッド・シュワルツ最高財務責任者（CFO）が務めます。

The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.

カンファレンス・コールは、877-425-9470（米国/カナダ・フリーダイヤル）または201-389-0878（国際電話）にダイヤルすることで、電話でライブ・アクセスすることもできる。リプレイは電話会議の1時間後に利用可能で、844-512-2921（米国/カナダ・フリーダイヤル）または412-317-6671（国際電話）にダイヤルすることでアクセスできる。リプレイは2021年11月23日（火）までご利用いただけます。

About Nuvei

私たちはNuvei (Nasdaq: NVEI) (TSX: NVEI)であり、繁栄するブランドのグローバル決済テクノロジーパートナーです。私たちは、企業が地域的・世界的に成功するために必要なインテリジェンスとテクノロジーを、1つの統合によって提供し、より速く、より遠くへと企業を前進させます。ペイメント・テクノロジーとコンサルティングを統合することで、企業がペイメントの障壁を取り除き、運営コストを最適化し、受入率を向上できるよう支援します。当社独自のプラットフォームは、シームレスなペイインおよびペイアウト機能を提供し、世界204市場の加盟店とその顧客を結びつけ、45市場のローカルアクワイアリングに対応しています。500以上のローカルおよび代替決済手段、約150の通貨、40の暗号通貨をサポートしているため、加盟店はあらゆる決済機会を捉えることができます。私たちの目的は、世界をローカル・マーケットプレイスにすることです。

For more information, visit www.nuvei.com

非IFRS指標

ヌヴェイの未監査の要約中間連結財務諸表は、国際会計基準審議会が公表したIFRSに準拠して作成されています。本プレスリリースに記載された情報には、IFRS非適用の財務指標、すなわち調整後EBITDA、調整後EBITDAマージン、調整後純利益、基本的1株当たり調整後純利益、希薄化後1株当たり調整後純利益が含まれています。これらの指標はIFRSでは認識されておらず、IFRSで規定された標準的な意味を有していないため、他社が提示する類似の指標と比較できる可能性は低い。これらの指標は、IFRSの指標を補完する追加的な情報として提供されるものであり、経営陣の視点か ら当社の経営成績をより深く理解するためのものである。従って、これらの指標を単独で検討したり、IFRSに基づき報告される当社の財務情報の分析の代用としたりすべきではない。調整後EBITDA、調整後EBITDAマージン、調整後当期純利益、基本的1株当たり調整後当期純利益、希薄化後1株当たり調整後当期純利益は、投資家に当社の経営成績の補足的な指標を提供するために使用されるものであり、IFRSの指標のみに依存した場合には明らかにならない可能性のある、ヌヴェイの中核事業の傾向を浮き彫りにするものです。当社の経営陣はまた、証券アナリスト、投資家、その他の利害関係者が発行体の評価にIFRS以外の指標を頻繁に使用すると考えている。また、当社の経営陣は、期間ごとの経営成績の比較を容易にするため、年次の経営予算および見通しを作成するため、ならびに経営陣の報酬の構成要素を決定するために、IFRS以外の指標を使用しております。当社の経営陣は、調整後EBITDA、調整後EBITDAマージン、調整後当期純利益、基本的1株当たり調整後当期純利益、希薄化後1株当たり調整後当期純利益が、当社の業績を補足する重要な指標であると考えています。これらの指標の説明と調整については、経営陣による検討と分析の「非IFRS指標」の項を参照してください。

Forward-Looking Information

本プレスリリースには、2021年12月31日までの3ヶ月間および1年間の総販売台数、売上高および調整後EBITDAに関するNuveiの見通し、ならびに総販売台数、売上高および調整後EBITDAに関する中長期的な目標など、適用される証券取引法で定義される意味での「将来予想情報」が含まれています。場合によっては、「計画」、「目標」、「予想する」または「予想しない」、「予想される」、「機会が存在する」、「予算」、「予定」、「見積もり」、「見通し」、「予測」、「予想」、「見込み」などの将来の見通しに関する用語の使用により、将来の見通しに関する情報を特定することができます、「戦略」、「意図する」、「予想する」、「予想しない」、「確信する」、またはそのような語句の変形、あるいは特定の行動、事象、結果について「可能性がある」、「可能性がある」、「だろう」、「かもしれない」、「する予定である」、「発生する」、「達成される」という記述、これらの否定、および類似の用語。また、将来の出来事や状況に関する期待、意図、予測、その他の特徴に言及する記述には、将来の見通しに関する情報が含まれています。将来予測情報を含む記述は、過去の事実ではなく、将来の出来事や状況に関する経営陣の期待、見積もり、予測を表しています。売上高、調整後EBITDAおよび調整後EBITDAマージンに関するNuveiの見通しおよび目標は、場合により、適用される証券取引法の意味における「財務見通し」にも該当し、当社の財務実績を理解し、経営目標に向けた進捗状況を測定する上で読者を支援する目的で提供されるものであり、他の目的には適切でない可能性があることにご注意ください。将来の見通しに関する情報には、既知および未知のリスクおよび不確実性が含まれており、その多くは当社が制御できないため、実際の結果は、かかる将来の見通しに関する情報に開示されている、またはかかる情報によって暗示されているものとは大きく異なる可能性があります。これらのリスクおよび不確実性には、当社が2021年3月17日に提出した年次情報フォームの「リスク要因」に記載されているものが含まれますが、これらに限定されるものではありません。将来の見通しに関する情報は、経営陣の信念および仮定、ならびに経営陣が現在入手可能な情報に基づいています。特に、ここに記載された総販売数量、売上高、調整後EBITDAおよび調整後EBITDAマージンに関する経営陣の評価、見通しおよび目標は、一般的に以下の仮定に基づいています：(a) Nuveiの業績が予想通り継続すること、(b) COVID-19のパンデミックおよびウイルス封じ込めのための措置にもかかわらず、当社が主要な戦略的成長優先事項に対して効果的な実行を継続すること、(c) 新規顧客を追加しながら既存顧客基盤を維持し成長し続けること、(d) 当社が買収または売却を完了しないこと、(e) 経済状況が期間を通じて比較的安定して推移すること、(g)為替レートの変動や金融市場の変動がないこと、(h)法規制に重大な変更がないこと、(i)現行の税法が有効であり、重大な変更がないこと。本プレスリリースに含まれる将来の見通しに関する情報は、経営陣が合理的であると考える仮定に基づいていますが、実際の結果は将来の見通しに関する情報と異なる可能性があるため、これらの情報に過度に依存しないようご注意ください。別段の記載がない限り、または文脈上別段の記載がない限り、本プレスリリースに含まれる将来の見通しに関する情報は、本プレスリリースの日付現在において提供されたものであり、当社は、適用法により要求される場合を除き、新たな情報、将来の事象またはその他の結果にかかわらず、かかる将来の見通しに関する情報を更新または修正する義務を負うものではありません。

Contact:

Investors

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

損益計算書および包括損益計算書データ

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

調整後EBITDAの純利益（損失）への調整

(単位：千米ドル）

• この項目は、TSX上場前に負債に分類されていた株式に関連する償還価額の変動である。TSX上場の一環として、当該株式は劣後議決権株式として株式に転換された。これらの費用は金融費用に含まれている。
• この行項目は、被買収企業・事業の取得価格調整プロセスおよび2017年9月のNuveiによるPivotal Holdings Ltd.の全発行済み株式の取得から生じた無形資産に対して取られた償却費に関するものである。
• これらの費用は以下の通りである：
• 買収活動および財務活動に関連する専門家、弁護士、コンサルティング、会計、その他の手数料および費用。2021年9月30日に終了した3ヵ月間および9ヵ月間において、これらの費用はそれぞれ0.7百万ドルおよび10.5百万ドルであった（2020年9月30日に終了した3ヵ月間および9ヵ月間はそれぞれ2.0百万ドルおよび5.2百万ドル）。これらの費用は販売費および一般管理費の専門家報酬の項目に表示されている。
• 買収関連報酬。2021年9月30日に終了した3ヵ月間および9ヵ月間において、これらの費用は630万ドルであった（2020年9月30日に終了した3ヵ月間および9ヵ月間はそれぞれ0.2百万ドルおよび0.7百万ドル）。これらの費用は販売費および一般管理費の従業員報酬項目で表示されている。
• 過去に取得した事業の繰延購入対価の変動は、2021年9月30日に終了した3ヵ月間および9ヵ月間において0百万ドル（2020年9月30日に終了した3ヵ月間は0百万ドル、2020年9月30日に終了した9ヵ月間は1.3百万ドルの利益）であった。
• 退職金および統合費用。2021年9月30日に終了した3ヵ月間および9ヵ月間において、退職費用は0.3百万ドル（2020年9月30日に終了した3ヵ月間および9ヵ月間は0.2百万ドルおよび0.6百万ドル）であった。これらの費用は販売費および一般管理費に計上されている。
• これらの費用は、株式報酬制度に基づき発行されたストック・オプションおよびその他の報酬に関連して認識された現金支出を伴わない費用である。
• この項目は主に、通常の事業過程外で発生した訴訟和解金および関連する訴訟費用、ならびに現金支出を伴わない利益、損失および引当金繰入額、ならびに特定のその他の費用である。これらの費用は販売費および一般管理費のその他の項目に表示されている。
• この項目は、適用される法域の税率を用いた課税調整に対する税金費用を反映している。
• 調整後純利益はIFRS非適用指標であり、営業成績をさらに評価するために使用される。
• 希薄化後1株当たり調整後当期純利益は、各期末時点で発行済の株式報酬がその時点でイン・ザ・マネーであった場合、完全希薄化後ベースで算出される。