AP NEWS

EVO Reports Third Quarter 2018 Results

November 7, 2018

ATLANTA, Nov. 07, 2018 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) (“EVO” or the “Company”) today announced its third quarter financial results. For the third quarter ended September 30, 2018, revenue increased 9% to $144.8 million, compared to $132.6 million in the prior year. On a currency-neutral basis, revenue increased 11% over the prior year. On a GAAP basis for the third quarter, net loss attributable to EVO Payments, Inc. was $27.4 million or $1.51 per diluted share. Adjusted EBITDA defined as earnings before interest, taxes, depreciation, amortization, and the impact of share-based compensation, transition, acquisition-related and integration costs, increased 10% to $38.4 million for the quarter, compared to $35.1 million in the prior year. On a currency-neutral basis, adjusted EBITDA grew 13% over the prior year.

For the nine months ended September 30, 2018, revenue increased 13% to $413.9 million, compared to $366.2 million in the prior year period. On a currency-neutral basis, revenue increased 10% over the prior year. On a GAAP basis for the year-to-date period, net loss attributable to EVO Payments, Inc. was $10.7 million or $0.60 per diluted share, representing net loss from the initial public offering date forward. Adjusted EBITDA increased 14% to $104.1 million for the nine months ended September 30, 2018, compared to $91.4 million in the prior year. On a currency-neutral basis, adjusted EBITDA grew 11% for the year-to-date period compared with the same period in the prior year (See Schedule 1 for the Condensed Consolidated Statements of Operations and Schedule 4 for the Reconciliation of GAAP to Non-GAAP measures).

“We are very pleased with our third quarter performance,” said James G. Kelly, Chief Executive Officer of EVO. “Once again, we produced solid growth in both Europe and North America. This was the result of our two-pronged strategy of first, building long-term distribution through alliances with leading financial institutions, ISVs, B2B relationships, and eCommerce partners and second, developing leading products and services to meet our customer needs. This strategy is further strengthened by our focus on our operating leverage and efficiencies. Since our last earnings release, we have announced a new, 10-year, exclusive partnership with EuroBic in Portugal, expanding our reach into a new market within our European segment. We also acquired ClearONE out of Europe and Galaxy Pay in the U.S., both of which enhance our tech-enabled offering, and completed two operating and processing integrations. These achievements were all in line with our expectations.”

OutlookFor the full year 2018, we have updated guidance based on recent trends, completed acquisitions, and changes in FX. The Company now expects revenue to range from $561 million to $567 million, reflecting growth of 11% to 12% over 2017 reported results and 10% to 11% over currency-neutral 2017 results. Adjusted EBITDA is now expected to be in a range of $143 million and $146 million, reflecting growth of 12% to 14% over 2017 adjusted EBITDA and 11% to 13% over currency-neutral 2017 adjusted EBITDA. Adjusted EBITDA margin is now expected to range from 25.5% to 25.7%, reflecting growth of 25 to 45 basis points over 2017 currency-neutral results. Excluding the costs related to our investments in Europe, year-over-year margins would have increased by 95 to 115 basis points. Net loss attributable to EVO per share is now expected to be in a range of ($0.59) to ($0.53), and pro forma adjusted net income is expected to range from $0.47 to $0.52 per adjusted diluted share.

Conference callEVO’s management will host a conference call for investors at 8:00 a.m. Eastern Time on Wednesday, November 7 2018 to discuss the results. Participants may access the conference call via the investor relations section of the company’s website at www.evopayments.com, or participants may also dial (877) 356-5729 inside the U.S. and Canada and (629) 228-0718 outside the U.S. and Canada to listen. The conference ID number is 3158977. A recording of the call will be archived on the company’s investor relations website following the live call.

Forward-looking statements

This announcement and the Company’s discussion today both include forward-looking statements. Forward-looking statements are subject to risks and uncertainty. They are not guarantees of future performance, and the Company’s actual results could differ materially from the expectations expressed or implied in any forward-looking statements. You should not put undue reliance upon them. Words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” “long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecast,” “outlook,” “target,” “should,” “could,” “would,” “will” and comparable words are a common way to identify forward-looking statements. Examples of forward-looking statements contained in this release include statements about the Company’s full year 2018 outlook.

Factors that could contribute to differences between the Company’s actual results and the expectations expressed or implied in any forward-looking statements include the following: changing industry trends and changing needs and preferences of our customers and consumers; the impact of substantial and increasingly intense competition; changes in the competitive landscape, including disintermediation from other participants in the payments chain; the impact of global economic, political and other conditions on trends in consumer, business and government spending; compliance with governmental regulations and other legal obligations, particularly related to privacy, data protection and information security, and consumer protection laws; the ability to protect the Company’s systems and data from continually evolving cybersecurity risks or other technological risks; failures in the Company’s processing systems, software defects, computer viruses and development delays; degradation of the quality of the products and services the Company offers; the Company’s ability to successfully complete, integrate and realize the expected benefits of any acquisitions it pursues or has completed; continued consolidation in the banking and payment services industries; increased customer, referral partner or sales partner attrition; the incurrence of chargeback liability; fraud by merchants or others; service failures by third-party vendors providing products and services to the Company; failure to maintain merchant relationships and alliances; ineffective risk management policies and procedures; reputational harm to the Company or its partners; the Company’s ability to recruit, retain and develop qualified personnel; geopolitical and other risks associated with operations outside of the United States; decline in the use of cards as a payment mechanism for consumers or adverse developments with respect to the card industry in general; increases in card network fees; failure to comply with the applicable requirements of card networks; changes in foreign currency exchange rates; inability to raise additional capital to fund the Company’s operations on acceptable terms or at all; failure to protect the Company’s intellectual property rights and defend against potential patent claims; failure to comply with, or changes in, laws, regulations and enforcement activities; future impairment charges; the impact of the Company’s organizational structure; the significant influence of certain of the Company’s stockholders over Company decisions; and the other risks and factors, including the risks listed under “Item 1A. Risk factors,” contained in the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2018.

Non-GAAP financial measures

EVO Payments, Inc. has supplemented revenue, net income/(loss) and earnings per share information determined in accordance with GAAP by providing these and other measures on an adjusted basis in this release to assist with evaluating performance. Such financial measures should not be considered as an alternative to GAAP revenue or net income/(loss), and such measures may not be comparable to those reported by other companies. Management uses these adjusted financial performance measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. Management also uses these non-GAAP financial measures, together with other metrics, to set goals for and measure the performance of the business and to determine incentive compensation. The Company believes that these adjusted measures provide useful information to investors about operating results and enhance the overall understanding of financial performance of the Company’s core business by presenting the Company’s results without giving effect to equity-based compensation, giving pro forma effect to the Company’s going forward effective tax rate following its Up-C reorganization, costs related to restructuring transactions, acquisition costs and other transitionary costs. This release also contains information on various financial measures presented on a currency-neutral basis. The Company believes these currency-neutral measures provide useful information to investors about the Company’s performance without taking into account fluctuations caused by currency exchange rates in the non-U.S. jurisdictions where the Company operates. Reconciliations of each non-GAAP measure to the most directly comparable GAAP measure are included in the schedules to this release.

About EVO Payments, Inc.

EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the international markets it serves.

EVO Payments, Inc.Contact:Sarah Jane SchneiderInvestor Relations & Corporate Communications Manager770-709-7365 investor.relations@evopayments.com

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 1 - Condensed Consolidated Statements of Operations (unaudited) (in thousands, except share and per share data) Three Months Ended September 30, Nine Months Ended September 30, ------------------------------------ ------------------------------------ 2018 2017 % 2018 2017 % change change - ---------- - - ------- - ------- - ---------- - - ------- - ------- Revenue $ 144,758 $ 132,646 9 % $ 413,931 $ 366,165 13 % Operating expenses: Cost of services and products, exclusive of depreciation 46,949 43,487 8 % 141,826 119,310 19 % and amortization shown separately below Selling, general and 67,802 58,333 16 % 242,982 162,870 49 % administrative Depreciation and amortization 20,488 19,806 3 % 61,308 55,479 11 % Total operating expenses 135,239 121,626 11 % 446,116 337,659 32 % - ---------- - - ------- - - ---------- - - ------- - Income (loss) from operations 9,519 11,020 (14 %) (32,185 ) 28,506 (213 %) - ---------- - - ------- - - ---------- - - ------- - Other (expense) income: Interest income 507 313 62 % 1,622 951 71 % Interest expense (10,583 ) (15,939 ) (34 %) (47,453 ) (46,516 ) 2 % (Loss) income from investment (36 ) (22 ) 64 % 725 736 (1 %) in unconsolidated investees Gain on acquisition of 8,659 - - 8,659 - - unconsolidated investee Other income (expense), net 211 (89 ) (337 %) (2,963 ) (263 ) 1027 % Total other expense (1,242 ) (15,737 ) (92 %) (39,410 ) (45,092 ) (13 %) - ---------- - - ------- - - ---------- - - ------- - Income (loss) before income 8,277 (4,717 ) (275 %) (71,595 ) (16,586 ) 332 % taxes Income tax expense (32,155 ) (5,377 ) 498 % (7,974 ) (14,734 ) (46 %) - ---------- - - ------- - - ---------- - - ------- - Net loss (23,878 ) (10,094 ) 137 % (79,569 ) (31,320 ) 154 % Less: Net income attributable to non-controlling interests in (2,433 ) (2,165 ) 12 % (4,434 ) (5,019 ) (12 %) consolidated entities Net loss attributable to EVO $ (12,259 ) $ (36,339 ) Investco, LLC - ------- - - ------- - Less: Net (loss) income attributable to non-controlling (1,078 ) 73,328 interests in EVO Investco, LLC Net loss attributable to EVO $ (27,389 ) $ (10,675 ) Payments, Inc. - ---------- - - ---------- - Earnings per share Basic $ (1.51 ) $ (0.60 ) Diluted $ (1.51 ) $ (0.60 ) Weighted average Class A common stock outstanding Basic 18,163,344 17,901,484 Diluted 18,163,344 17,901,484

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 2 - Condensed Consolidated Balance Sheets (unaudited) (in thousands, except share and interest data) September 30, December 31, 2018 2017 ------------- ------------- Assets Current assets: Cash and cash equivalents $ 235,484 $ 205,142 Accounts receivable, net 10,277 15,881 Other receivables 53,083 55,345 Due from related parties 2,331 2,625 Inventory 7,571 11,210 Settlement processing assets 504,029 439,269 Other current assets 13,126 20,941 Total current assets 825,901 750,413 Equipment and improvements, net 101,931 96,587 Goodwill 342,095 311,678 Intangible assets, net 331,122 313,483 Investment in unconsolidated investees 1,372 1,379 Due from related parties 923 109 Deferred tax asset 63,786 9,057 Other assets 24,939 25,592 Total assets $ 1,692,069 $ 1,508,298 - --------- - - --------- - Liabilities and Shareholders’/Members’ Equity (Deficit): Current liabilities: Settlement lines of credit $ 35,131 $ 28,563 Current portion of long-term debt 7,416 75,008 Accounts payable 46,196 61,149 Accrued expenses 130,610 94,235 Settlement processing obligations 559,302 484,518 Due to related parties 4,597 7,847 Total current liabilities 783,252 751,320 Long-term debt, net of current portion 674,544 760,946 Due to related parties 385 675 Deferred tax liability 11,494 11,011 Tax receivable agreement obligations 42,393 - ISO reserves 2,652 2,611 Total liabilities 1,514,720 1,526,563 - --------- - - --------- - Commitments and contingencies Redeemable non-controlling interests 969,276 148,266 Shareholders’/members’ equity (deficit): Investco, LLC Units, Outstanding - 0 and 12,371 units at September 30, 2018 and - 135,166 December 31, 2017 respectively. Class A common stock (par value $0.0001), Authorized - 200,000,000 and 0 shares, Issued and Outstanding - 25,370,797 and 0 shares at September 30, 2018 3 - and December 31, 2017 respectively. Class B common stock (par value $0.0001), Authorized - 40,000,000 and 0 shares, Issued and Outstanding - 35,913,538 and 0 shares at September 30, 2018 and 4 - December 31, 2017 respectively. Class C common stock (par value $0.0001), Authorized - 4,000,000 and 0 shares, Issued and Outstanding - 2,560,955 and 0 shares at September 30, 2018 and - - December 31, 2017 respectively. Class D common stock (par value $0.0001), Authorized - 32,000,000 and 0 shares, Issued and Outstanding - 17,282,930 and 0 shares at September 30, 2018 and 1 - December 31, 2017 respectively. Additional paid-in capital 175,843 - Accumulated deficit attributable to Class A common stock (131,058 ) - Accumulated deficit attributable to members of EVO Investco, LLC - (237,330 ) Accumulated other comprehensive loss 319 (67,679 ) Total shareholders’/members’ equity (deficit) 45,112 (169,843 ) Nonredeemable non-controlling interests (837,039 ) 3,312 - --------- - - --------- - Total deficit (791,927 ) (166,531 ) Total liabilities and deficit $ 1,692,069 $ 1,508,298 - --------- - - --------- -

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 3 - Condensed Consolidated Statement of Cash Flows (unaudited) (in thousands) Nine months ended September 30, -------------------------- 2018 2017 - -------- - - -------- - Cash flow from operating activities: Net loss $ (79,569 ) $ (31,320 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 61,308 55,479 Loss on sale of investments - 1,308 Amortization of deferred financing costs 7,856 2,394 Loss on extinguishment of debt 2,055 - Share-based compensation expense 53,893 - Loss on disposal of equipment and improvements 955 - Undistributed earnings (loss) from unconsolidated investees 61 (67 ) Gain on acquisition of unconsolidated investee (8,659 ) - Accrued interest expense (106 ) 915 Accrued interest income (78 ) (17 ) Deferred rent (359 ) (36 ) Deferred taxes 504 8,121 Loss on payment of contingent consideration 105 - Reserve on uncollectible notes receivable 28 (19 ) Changes in operating assets and liabilities, net of effect of acquisitions: Accounts receivable, net 5,822 (8,155 ) Other receivables 3,993 1,044 Inventory 3,555 (924 ) Other current assets (5,165 ) (5,293 ) Other assets 53 4,847 Related parties (3,001 ) (14,499 ) Accounts payable (16,744 ) (261 ) Accrued expenses 28,900 11,970 Settlement processing funds, net 10,899 (22,304 ) ISO reserves 42 (260 ) Net cash provided by operating activities 66,348 2,923 - -------- - - -------- - Cash flow from investing activities: Restricted cash - 125,000 Acquisition of businesses, net of cash acquired (48,547 ) (124,964 ) Purchase of equipment and improvements (38,963 ) (24,389 ) Acquisition of intangible assets (19,893 ) (14,472 ) Net proceeds from sale of investments - 205 Issuance of notes receivable (20 ) (7 ) Collections of notes receivable 91 968 Net cash used in investing activities (107,332 ) (37,659 ) - -------- - - -------- - Cash flow from financing activities: Proceeds from long-term debt 655,732 627,570 Repayments of long-term debt (743,342 ) (645,478 ) Deferred financing costs paid (3,899 ) (19 ) Contingent consideration paid (1,621 ) - Consideration paid for additional shares in a consolidated subsidiary - (3,962 ) Deferred cash consideration paid (65,000 ) - Acquisition of additional non-controlling interest (16,916 ) - IPO proceeds, net of underwriter fees 231,500 - Secondary offering proceeds, net 24,967 - Contributions by members - 71,250 Distribution to members - (1,708 ) Distribution to non-controlling interests holders (6,136 ) (2,291 ) Net cash provided by financing activities 75,285 45,362 Effect of exchange rate changes on cash and cash equivalents (3,959 ) 13,460 - -------- - - -------- - Net increase in cash and cash equivalents 30,342 24,086 Cash and cash equivalents, beginning of year 205,142 203,324 Cash and cash equivalents, end of period $ 235,484 $ 227,410 - -------- - - -------- -

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 4 - Reconciliation of GAAP to Non-GAAP measures (in thousands) Three months ended September 30, Nine months ended September 30, ----------------------------------- ---------------------------------- 2018 2017 % change 2018 2017 % change - ------- - - ------- - --------- - ------- - - ------- - -------- Revenue $ 144,758 $ 132,646 9.1 % $ 413,931 $ 366,165 13.0 % Currency impact1 - (2,463 ) N/A - 9,567 N/A Currency-neutral revenue 144,758 130,183 11.2 % 413,931 375,732 10.2 % Net loss (23,878 ) (10,094 ) 136.6 % (79,569 ) (31,320 ) 154.1 % Net loss attributable to non-controlling interests in (2,433 ) (2,165 ) 12.4 % (4,434 ) (5,019 ) (11.7 %) consolidated entities Income tax expense / (benefit) 32,155 5,377 498.0 % 7,974 14,734 (45.9 %) Interest expense, net 10,076 15,626 (35.5 %) 45,831 45,565 0.6 % Depreciation and amortization 20,488 19,806 3.4 % 61,308 55,479 10.5 % Share-based compensation2 2,022 - N/A 53,285 - N/A Transition, acquisition and (11 ) 6,510 (100.2 %) 19,662 12,010 63.7 % integration costs3 Adjusted EBITDA 38,419 35,060 9.6 % 104,057 91,449 13.8 % - ------- - - ------- - - ------- - - ------- - Currency impact1 - (1,054 ) N/A - 2,387 N/A Currency-neutral adjusted EBITDA $ 38,419 $ 34,006 13.0 % $ 104,057 $ 93,836 10.9 % - ------- - - ------- - - ------- - - ------- - 1 Represents the impact of currency shifts by adjusting prior year results to current period average fx rates for the currencies in which EVO conducts operations. 2 Represents $1.7 million of share-based compensation costs, plus a $0.3 million payroll tax expense for the three months ended September 30, 2018, and $53.9 million in share-based compensation costs for the nine months ended September 30, 2018, largely related to vesting upon completion of the IPO, plus a $0.3 million payroll tax expense less a $0.9 million non-controlling interest component. 3 For the three months ended September 30, 2018, earnings adjustments include $3.9 million of employee termination benefits, and $4.7 million of acquisition related and integration costs. These items were offset by an adjustment of an $8.7 million gain related to the fair value mark-up on the acquisition of a previously minority owned subsidiary. For the three months ended September 30, 2017, earnings adjustments include $1.1 million of employee termination benefits and $5.4 million of transaction and acquisition related costs. For the nine months ended September 30, 2018, earnings adjustments include $6.3 million of employee termination benefits, $4.0 million of a strategic advisory fee, $18.0 million of acquisition related and integration costs and the adjustment of the $8.7 million gain related to the fair value mark-up on the acquisition of a previously minority owned subsidiary. For the nine months ended September 30, 2017, earnings adjustments include $4.1 million of employee termination benefits, and $7.9 million of transaction and acquisition related costs.

Adjusted EBITDA is a supplemental measure of the Company’s performance that is not required by, or presented in accordance with, GAAP. Adjusted EBITDA is not a term defined under U.S. GAAP and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activities as a measure of liquidity. Additionally, adjusted EBITDA is not intended to be a measure of free cash flow available for management’s discretionary use as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. Adjusted EBITDA is included in this release because it is a key metric used by the Company’s management and board of directors to assess the Company’s financial performance. The presentation of adjusted EBITDA is intended to provide additional information to investors about the Company’s results of operations that management utilizes on an ongoing basis to assess the Company’s core operating performance. Adjusted EBITDA is also frequently used by analysts, investors and other interested parties to evaluate companies in the industry. Adjusted EBITDA is defined as income before provision for income taxes, net interest expense, and depreciation and amortization, excluding the additional items described in the reconciliation above. Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The calculation of adjusted EBITDA has limitations as an analytical tool, including: (a) it does not reflect the Company’s cash expenditures, or future requirements for capital expenditures or contractual commitments; (b) it does not reflect changes in, or cash requirements for, the Company’s working capital needs; (c) it does not reflect the interest expense or the cash requirements necessary to service interest or principal payments on the Company’s indebtedness; (d) it does not reflect the Company’s tax expense or the cash requirements to pay the Company’s taxes; and (e) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and Adjusted EBITDA does not reflect any cash requirements for such replacements.

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 5 - Segment Information (unaudited) (dollar amount in thousands, transactions in millions) Three months ended September 30, ------------------------------------------------------------------------------ Adjustments 2018 Adjustmen 2017 % 2018 1 Adjusted 2017 ts2 Adjusted chang e - ------- - ---------- ----------- - ------- - -------- ----------- ---- Transactions: North America 244.4 232.6 5 % Europe 560.6 460.2 22 % Total 805.1 692.8 16 % - ------- - - ------- - Segment revenue: North America $ 79,487 $ - $ 79,487 $ 75,042 $ - $ 75,042 6 % Europe 65,271 - 65,271 57,604 - 57,604 13 % Total 144,758 - 144,758 132,646 - 132,646 9 % - ------- - - ------ - - ------- - - ------- - - ------ - ------- - Segment profit: North America 30,962 (5,803 ) 25,159 21,372 2,162 23,534 7 % Europe 15,985 2,880 18,865 16,101 687 16,788 12 % Corporate (8,518 ) 2,913 (5,605 ) (8,923 ) 3,661 (5,262 ) 7 % Total $ 38,429 $ (10 ) $ 38,419 $ 28,550 $ 6,510 $ 35,060 10 % - ------- - - ------ - - ------- - - ------- - - ------ - ------- - 1 For the three months ended September 30, 2018, North America segment profit adjustment includes $1.5 million of employee termination benefits, $1.4 million of acquisition and integration related costs and an $8.7 million gain from the fair value markup on the acquisition of a previously minority owned subsidiary. Europe segment profit adjustment includes $2.5 million of employee termination benefits, and $0.4 million of integration costs. Corporate adjustments include $2.9 million of acquisition and integration charges. 2 For the three months ended September 30, 2017, North America segment profit adjustment includes $0.6 million of employee termination benefits, and $1.6 million of transaction and acquisition related costs. Europe segment profit adjustment includes $0.7 million of transaction and acquisition related costs. Corporate and other adjustments include $0.5 million of employee termination benefits and $3.1 million of transaction and acquisition related costs. Segment profit excludes share-based compensation. Nine months ended September 30, ------------------------------------------------------------------------------ Adjustments 2018 Adjustmen 2017 % 2018 1 Adjusted 2017 ts2 Adjusted chang e - ------- - ---------- ----------- - ------- - -------- ----------- ---- Transactions: North America 708.6 677.6 5 % Europe 1,565.9 1,262.4 24 % Total 2,274.5 1,940.0 17 % - ------- - - ------- - Segment revenue: North America $ 232,687 $ - $ 232,687 $ 216,956 $ - $ 216,956 7 % Europe 181,244 - 181,244 149,209 - 149,209 21 % Total 413,931 - 413,931 366,165 - 366,165 13 % - ------- - - ------ - - ------- - - ------- - - ------ - ------- - Segment profit: North America 73,616 (74 ) 73,542 57,009 4,925 61,934 19 % Europe 42,657 3,100 45,757 41,495 876 42,371 8 % Corporate (31,879 ) 16,637 (15,242 ) (19,065 ) 6,209 (12,856 ) 19 % Total $ 84,394 $ 19,663 $ 104,057 $ 79,439 $ 12,010 $ 91,449 14 % - ------- - - ------ - - ------- - - ------- - - ------ - ------- - 1 For the nine months ended September 30, 2018, North America segment profit adjustments include $3.8 million of employee termination benefits and $4.7 million of acquisition and integration related costs, and an $8.7 million gain from the fair value markup on the acquisition of a previously minority owned subsidiary. Europe segment profit adjustment includes $2.5 million of employee termination benefits and $0.6 million of acquisition and integration costs. Corporate adjustments include $16.6 million of acquisition and integration charges. 2 For the nine months ended September 30, 2017, North America segment profit adjustment includes $3.3 million of employee termination benefits, and $1.6 million of transaction and acquisition related costs. Europe segment earnings adjustment includes $0.7 million of transaction and acquisition related costs. Corporate and other adjustments include $0.5 million of employee termination benefits and $5.7 million of transaction and acquisition related costs. Segment profit excludes share-based compensation.

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 6 - Pro Forma Adjusted Net Income (unaudited) (in thousands, except share and per share data) Three months ended September 30, Nine months ended September 30, ----------------------------------- ---------------------------------- 2018 2017 % change 2018 2017 % change - ------- - - ------- - --------- - ------- - - ------- - -------- Net loss $ (23,878 ) $ (10,094 ) 136.6 % $ (79,569 ) $ (31,320 ) 154.1 % Net loss attributable to non-controlling interests in (2,433 ) (2,165 ) 12.4 % (4,434 ) (5,019 ) (11.7 %) consolidated entities Non-GAAP adjustments: Income tax expense 32,155 5,377 498.0 % 7,974 14,734 (45.9 %) Share-based compensation1 2,022 - N/A 53,285 - N/A Transition, acquisition and (11 ) 6,510 (100.2 %) 26,910 12,010 124.1 % integration costs2 Acquisition intangible amortization3 10,623 11,507 (7.7 %) 32,213 32,286 (0.2 %) Non-GAAP adjusted income before 18,478 11,135 65.9 % 36,379 22,691 60.3 % taxes Income taxes at pro forma tax rate4 (4,311 ) (3,975 ) 8.4 % (8,487 ) (8,101 ) 4.8 % Pro forma adjusted net income $ 14,167 $ 7,160 97.9 % $ 27,891 $ 14,590 91.2 % - ------- - - ------- - - ------- - - ------- - Pro forma adjusted net income per $ 0.17 $ 0.34 share5 1 Represents $1.7 million of share-based compensation costs incurred with the completion of the initial public offering, plus a $0.3 million payroll tax expense for the three months ended September 30, 2018, and $53.9 million share-based compensation costs for the nine months ended September 30, 2018, plus a $0.3 million payroll tax expense less a $0.9 million non-controlling interest component. 2 For the three months ended September 30, 2018, earnings adjustments include $3.9 million of employee termination benefits, and $4.7 million of acquisition related and integration costs, and an $8.7 million adjustment of a fair value mark-up of a previously minority owned subsidiary. For the three months ended September 30, 2017, earnings adjustments include $1.1 million of employee termination benefits and $5.4 million of transaction and acquisition related costs. For the nine months ended September 30, 2018, earnings adjustments include $6.3 million of employee termination benefits, $4.0 million of a strategic advisory fee, $7.2 million of debt extinguishment costs, $18.0 million of acquisition related and integration costs and an $8.7 million adjustment of a fair value mark-up of a previously minority owned subsidiary. For the nine months ended September 30, 2017, earnings adjustments include $4.1 million of employee termination benefits, and $7.9 million of transaction and acquisition related costs. 3Represents amortization of intangible assets acquired through business combinations and other merchant portfolio and related asset acquisitions. 4 Pro forma corporate income tax expense calculated using 23.3% and 35.7% for 2018 and 2017, respectively, based on blended federal and state tax rates and utilizing the Tax Reform Act for 2018 federal rates. 5 Uses adjusted shares outstanding including an additional 55.8 million Class B, C, D shares, unvested restricted units, and unvested options that are excluded from the GAAP diluted share count.

EVO PAYMENTS, INC. AND SUBSIDIARIES Schedule 7 - Outlook summary (unaudited) (in millions, except per share data) 2018 Outlook 2017 Actual ----------------- ------------------------------- Revenue $561 - $567 $505 GAAP net loss per share attributable to EVO ($0.59) - ($0.53) N/A Adjustments1 $1.06 - $1.05 N/A Pro forma adjusted net income per share $0.47 - $0.52 N/A GAAP net loss attributable to EVO and predecessor ($13) - ($11) ($40) Adjustments1 $156 - $157 $168 Adjusted EBITDA $143 - $146 $128 1Represents estimated ranges for (a) acquisition and integration costs in connection with our acquisitions, charges related to employee termination benefits and other transition activities; (b) share-based compensation costs; (c) amortization of intangible assets acquired in business combinations and other customer portfolio and related asset acquisitions; and (d) adjustments to income tax expense/(benefit) to reflect an effective corporate tax rate based on tax reform legislation. GAAP net loss per share uses Class A share counts and pro forma adjusted net income per share uses adjusted share counts as the denominator including an additional 55.8 million shares inclusive of Class B, C, D, unvested restricted units, and unvested options that are excluded from the GAAP basic share count. Currency assumptions based on year-to-date actual rates and current spot rates forward from November through December.

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