Shift4 Payments — Nov 12, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001794669-24-000031
Showing in the filing
Anticipated full year blended spread
“61bps”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 6
Organic GRLNF growth for FY2024
“exceeding 25%”
SkyTab installs for FY2024
“exceed 35,000”
Anticipated full year blended spread for FY2024
“61bps”
BetMGM sportsbook locations live for FY2024
“all 24”
Adjusted FCF conversion for FY2024
“+58%”
Adjusted Free Cash Flow Conversion for FY2024
“58%+ Adj. FCF Conversion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Adjusted EBITDA margin of 51% for Q3 2024.(A) Q3 6 $46.5 $19.2 $28.5 $54.5 $72.2 $124.5 $136.1 $121.7 $162.4 $187.4 Net Income Adjusted EBITDA Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 $45.8 $58.6 $127.5 $171.0 $253.2 $87.7 $148.3 $196.7 $243.0 $365.1 Gross Profit: 4-Year CAGR 53% Gross Revenue Less Network Fees: 4-Year CAGR 43% Q3-20 Q3-21 Q3-22 Q3-23 Q3-24 $111.7 $105.3 $56.7 $116.1 $182.1 $75.5 $75.3 $78.2 $76.0 $110.6 Net Cash Provided By Operating Activities Adjusted Free Cash Flow Q3-23 Q4-23 Q1-24 Q2-24 Q3-24
From Q2, $5B rolled into actual and we added $13B of additional volume Moving up market with industry leading volume growth while improving overall unit economics Executing on Our Strategic Objectives 7 7 E2E Volumes and Blended Spreads by Quarter Move Up Market Average size of merchant based on volume is +163% of 2022 levels. Contracted Volume BacklogBlended Spreads by Vertical ~$25Bn ~$33Bn Anticipated full year blended spread of 61bps in 2024 flag increase vs. 25 visually? how do we want to present this? +163% $21B - $28B - $43B 68bps - 65bps -60bps 45% CAGR new chart off to left - average is 60bps blended
8 Over 55,000 Search "Shift4" on X (f.k.a. Twitter) to see dozens of installs every day! since coming out of beta, and on pace to exceed 35,000 installs in 2024 alone SkyTab installs Shift4 continues to gain market share in restaurants, winning new restaurants every day Restaurant Update
9 9 Q3 Record Hospitality Wins
Continuing to expand market share in hospitality vertical Hospitality Update 1 0 10 Continuing to expand arket share in hospitality vertical Denotes Gateway Conversion★ HIS operates a diverse portfolio of elegant boutique hotels, award winning resorts, golf and wedding destinations, conference centers, and more. Cliff House Maine This elegant hotel brings Parisian style to Tribeca with gourmet dining, a tranquil spa, and smart, residential-style rooms and suites. Hotel Fouquet's New York This all-new luxury oceanfront boutique hotel is perfectly situated in the heart of Laguna Beach, just steps from the vibrant downtown and the picturesque sea. ★ H
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.