Shift4 Payments — Apr 29, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001794669-25-000017
Showing in the filing
Global Blue acquisition closing
“early Q3”
Period
Q3 FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Organic GRLNF growth
“exceeding 25%”
Global Blue acquisition closing for Q3 FY2025
“early Q3”
Blended Spreads for FY2025
“~60bps”
Spreads for FY2025
“~60bps”
SkyTab systems installed for FY2025
“45,000”
Sportsbook locations live for FY2025
“24”
Path to full control / formal integration (U… for Q2 FY2025
“expected in Q2”
Global Blue run-rate revenue synergies for FY2027
“~$80M”
Global Blue net leverage at closing for Q3 FY2025
“~3.6x”
Net leverage for FY2025
“~3.3x”
Gift card platform consolidation for FY2025
“complete in 2H”
Adjusted EBITDA for FY2025
“$830 Million to $855 Million”
Adjusted FCF Conversion for FY2025
“50%+”
Adjusted Free Cash Flow for FY2025
“50%+ Adj. FCF Conversion”
Restaurant/hotel target in Europe for the long term
“10,000”
Volume for FY2025
“$1.65 Billion to $1.72 Billion”
Organic revenue growth for FY2025
“well north of 25% YoY”
Adjusted EBITDA Margin for Q2 FY2025
“~50%”
Exhibit 99.1 · the passage around this item
… earlier in the release
It is with that backdrop that we are revising our full-year guida ce by $10M on both the low and high end of gross revenue less network fees and adjusted EBITDA respectively. This revision does not contemplate the inclusion of Global Blue, which we expect to close upon final regulatory approvals by early Q3. V4 - DRAFTS CIRCULATED VIA EMAIL (WORD DOC)
4 4 I am personally heading into the spring and summer with a lot of optimism for Shift4 and our combination with Global Blue: • Our products are seeing demand throughout the world, whether that be SkyTab, our hospitality or stadium offerings, or increasingly unified commerce. We are entering an exciting period of international growth for our company. • The top-tier customer wins have not slowed down. This quarter, we won The Setai Hotels, Aspen Hospitality, the Formula One Miami Grand Prix, the PGA Tour, the Pittsburgh Pirates, the Colorado Rockies, and the Boston Red Sox. Moreover, our stable spreads speak to the value we provide our customers. • Recent M&A has afforded us access to incredible talent, opened new geographies, and afforded us differentiated and unique capabilities and, of course, hundreds of thousands of the best customers in the world. As expected, it has also given us lots of opportunities to drive efficiencies and delete parts, while unlocking material revenue synergies from cross-selling payments. • Global Blue will only enhance that momentum with the addition of multiple world-class products, custom
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.