ヌヴェイ、2021年第1四半期の業績を発表

2021年5月10日、モントリオール発-世界的な決済テクノロジー・パートナーであるNuvei Corporation（以下「Nuvei」または「当社」）（TSX: NVEIおよびNVEI.U）は本日、2021年3月31日に終了した第1四半期の決算を発表しました。

「Nuvei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。「中核事業の継続的なモメンタムと新規顧客獲得の加速の両方が、2020年第1四半期比で総取扱高*の132%増、売上高の80%増、調整後EBITDA**の97%増に貢献し、第1四半期の業績には大変満足しています。「新たな市場への進出を拡大し、複数の代替決済手段（APM）を追加し、暗号通貨での支払いをサポートするなどの新機能を導入しました。こうした取り組みと、既存および新規の顧客からの大幅な取扱高増加により、当社は今年および将来の全体的な業績と成長を推進する上で極めて有利な立場にあります。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ました。"

2021年3月期第1四半期財務ハイライト

• 総取扱高*は 89 億ドルから 132%増の 206 億ドルに増加
• eコマースが総取扱高の約87％を占める
• 売上高は8,320万ドルから1億4,990万ドルへと80％増加した。
• 純利益は2,780万ドルで、純損失は6,230万ドルであった。
• 調整後EBITDA**は3,330万ドルから6,550万ドルへと97％増加した。
• 調整後純利益**は980万ドルに対し5,120万ドル
• 1株当たり当期純利益は0.19ドル（1株当たり当期純損失は0.74ドル
• 希薄化後1株当たり調整後純利益**は0.11ドルに対し0.35ドル

オペレーション・ハイライト

• 現在の加盟店顧客からの取扱高の伸びと新規顧客獲得の加速が、Nuveiの第1四半期の業績を牽引した。2021年第1四半期の新規eコマース事業は、当社の直接販売チャネルへの継続的な投資と拡大の結果、主に2020年第1四半期の3倍以上に拡大した。
• Nuveiは、アルゼンチン、チリ、ペルー、エクアドルでのローカル・プロセッシング・ソリューションを開始し、ブラジル、コロンビア、メキシコでのアクワイアリング能力を拡大しながら、カード・アクワイアリングのカバレッジを拡大した。当社は現在、2020年末時点の35市場から44市場において現地でのアクワイアリングを提供している。
• ブラジルのPix、ベトナムのMoMo wallet、パナマのPagueloFacil、チリのMach、韓国のKakao Pay、タイのTrueMoney、香港のAlipay HKを含む複数の新しいAPMを追加し、当社のAPMポートフォリオは2020年末の455から2021年第1四半期末には470に増加した。
• 当社は最近、ビットコイン、イーサリアム、ビットコインキャッシュ、ライトコイン、NEO、XRPを含む、世界の主要な暗号通貨の約40種類に対するペイインおよびペイアウトのサポートを追加しました。この機能により、加盟店は、暗号通貨のユーザー数が拡大し続け、主流への採用が着実に増加している現在、他の代替支払い方法と同様に暗号通貨を簡単に受け入れることができるようになりました。
• 当社は、ユニバーサル・エア・トラベル・プラン（以下「UATP」）との新たな提携を含む複数の提携を締結し、UATPの航空会社向けサービスの拡大、決済処理の最適化、顧客体験の充実、取引コストの低減に向けた継続的な取り組みの一環として、完全な決済サービスの提供を開始した。UATPは、世界有数の航空会社が所有・運営するグローバルな決済ネットワークであり、航空、鉄道、旅行代理店の決済において数千の加盟店に受け入れられている。
• ヌヴェイは、マゾーマ・テクニカル・サービシズ社（以下「マゾーマ社」）の買収合意を発表し、買収戦略の実行を継続し、最近ではシンプレクス・シーシー社（以下「シンプレクス社」）の買収合意を発表した。(Ltd.（以下「シンプレクス」）を買収する最終合意を発表した。
• 米国のオンラインゲームおよびスポーツベッティング市場においてアカウント・ツー・アカウント決済のリーディングプロバイダーであるMazooma社の買収は、米国のオンラインゲームおよびスポーツベッティング業界における当社のコミットメントとプレゼンスをさらに強固なものにします。
• 暗号通貨業界の決済ソリューション・プロバイダーであるSimplexの買収により、Nuveiの能力は拡大し、190の流動性プロバイダーやパートナーに対して、特注のマネーロンダリング防止／顧客把握ソリューション、取引保証ソリューション、付加価値サービスを提供できるようになる。この結果、エンドユーザーが暗号通貨や非可換トークンのようなデジタル資産を売買する際のコンバージョン率が向上する。さらに、今回の買収によりNuveiは、エンドユーザーや加盟店に国際銀行口座番号のアカウントを提供するための電子マネー機関のライセンスを取得することになり、サービスとしてのバンキングのような潜在的な機会が開かれることになる。

財務見通し

2021年6月30日に終了する3ヶ月間および2021年12月31日に終了する年度について、ヌヴェイは総数量、売上高および調整後EBITDAが以下の範囲になると予想している。2021年3月31日に終了した3ヶ月間の業績が好調で、ヌヴェイは以前に予想した総数量、売上高、調整後EBITDA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業績見通しを引き上げる。

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」に記載されている多くの仮定に基づくものであり、マゾーマ社およびシンプレクス社の買収は含まれていません。 

‍[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

*Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.

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

Conference Call Information

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

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

Nuveiについて

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

Non-IFRS Measures

Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company’s management believes Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.

将来予測情報

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

お問い合わせ先：

Investors

アンソニー・ガースタイン

バイス・プレジデント、インベスター・リレーションズ担当

agerstein@nuvei.com

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

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

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

‍Reconciliation of Adjusted EBITDA to net income (loss)

(In thousands of U.S. dollars)

1. These expenses relate to:

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

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

Reconciliation of Adjusted net income to net income (loss)

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

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

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

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

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

‍Consolidated Statements of Cash Flows Data

(in thousands of U.S. dollars)