Global Payments : Q3 2022 Earnings Presentation

3Q 2022

Earnings

				Innovation that delivers.
10/31/2022

C O P Y R I G H T G L O B A L P A Y M E N T S 2 0 2 2 A L L R I G H T S R E S E R V E D

Forward-Looking Statements

This presentation contains certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of and assumptions made by our management, involve risks and uncertainties that could significantly affect the financial condition, results of operations, business plans and the future performance of Global Payments. Actual events or results might differ materially from those expressed or forecasted in these forward-looking statements. Accordingly, we cannot guarantee that our plans and expectations will be achieved. Examples of forward-looking statements include, but are not limited to, statements we make regarding revenue, earnings estimates, operating margins, and liquidity; management's expectations regarding future plans, objectives and goals; statements about the strategic rationale and benefits of the proposed acquisition of EVO Payments, Inc. ("EVO"), including future financial and operating results, the combined company's plans, objectives, expectation and intentions and the expected timing of completion of the proposed transaction; statements regarding planned divestitures, market and growth opportunities; and other statements regarding our future financial performance. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "intends," "plan," "forecast," "could," "should," or words of similar meaning.

In addition to factors previously disclosed in Global Payments' reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the effects of global economic, political, market, health and social events or other conditions, including the effects and duration of, and actions taken in response to, the COVID-19 pandemic and the evolving situation involving Ukraine and Russia; foreign currency exchange, inflation and rising interest rates; difficulties, delays and higher than anticipated costs related to integrating the businesses of acquired companies, including with respect to implementing controls to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; our ability to complete the proposed transaction with EVO on the proposed terms or on the proposed timeline, or at all, including risks and uncertainties related to securing the necessary regulatory approvals and the satisfaction of other closing conditions; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement relating to the transaction with EVO; effects relating to the announcement of the proposed transaction with EVO, including on the market price of our common stock and our relationships with customers, employees and suppliers; the risk of potential stockholder litigation associated with the proposed transaction with EVO; the effect of a security breach or operational failure on our business; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability to maintain Visa and Mastercard registration and financial institution sponsorship; the ability to retain, develop and hire key personnel; the diversion of management's attention from ongoing business operations; the continued availability of capital and financing; increased competition in the markets in which we operate and our ability to increase our market share in existing markets and expand into new markets; our ability to safeguard our data; risks associated with our indebtedness; our ability to meet environmental, social or governance targets, goals and commitments; the potential effect of climate change including natural disasters; the effects of new or changes in current laws, regulations, credit card association rules or other industry standards on us or our partners and customers, including privacy and cybersecurity laws and regulations; and other events beyond our control, such as acts of terrorism, and other factors included in the "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, and in other documents that we file with the SEC, which are available at https://www.sec.gov.

Our forward-looking statements speak only as of the date they are made and should not be relied upon as representing our plans and expectations as of any subsequent date. While we may elect to update or revise forward-looking statements at some time in the future, we specifically disclaim any obligation to publicly release the results of any revisions to our forward-looking statements, except as required by law.

Use of Non-GAAP Financial Measures

The following presentation includes certain "non-GAAP financial measures" as defined in Regulation G under the Securities Exchange Act of 1934. A schedule which reconciles each non-GAAP financial measure included in the following presentation to the most comparable amount reported under Generally Accepted Accounting Principles is attached as an Appendix hereto and is also posted on the Company's website atwww.globalpayments.com(in the "News and Events" section of the Investor Relations page).

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Outstanding performance

3Q 2022

Adjusted Net Revenue

Adjusted Operating Margin

Adjusted EPS

$2.06B

45.2%

$2.48

+ 3%

+ 240 bps

+ 14%

+6% constant currency1

+18% constant

currency1

+9% constant currency

ex. dispositions1,2

• Adjusted net revenue growth and adjusted EPS growth on a constant currency basis exclude the estimated impact of foreign currency fluctuations and are calculated using average exchange rates during 3Q 2021.
  2 Adjusted net revenue growth excludes impact from exit of Merchant Russia business and pending sale of consumer business.

		See appendix for a reconciliation to the most comparable GAAP measures.		3
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		Comparisons are to 3Q21 unless otherwise noted.

Merchant Solutions

3Q 2022

2022 Constant Currency Outlook

Adjusted	Adjusted
	Net Revenue	Operating Margin

$1.45B		50.0%
			+60 bps
+7%
(+11% constant
currency ex. Russia)1,2
	+low		+up to
	double		170 bps3
	digits

3Q 2022 Highlights

11% global constant currency

volume growth ex. Russia1,2

Mid-teens Ecomm/Omni constant currency growth1

29% POS software growth

22% AdvancedMD bookings growth

• Adjusted net revenue growth and global volume growth on a constant currency basis exclude the estimated impact of foreign currency fluctuations and are calculated using average exchange rates during 3Q 2021.
  2 Excludes impact from exit of Russia business.
  3 Total company adjusted operating margin outlook for 2022.

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See appendix for a reconciliation to the closest GAAP measures.

Merchant Solutions

revenue and volume trends

		2020				2021					20221
	1Q	2Q	3Q	4Q	FY	1Q	2Q	3Q	4Q	FY	1Q	2Q	3Q
Merchant Solutions	1,101	906	1,125	1,112	4,245	1,150	1,289	1,358	1,340	5,136	1,337	1,434	1,450
Adj. Net Revenue
($M)
YoY Growth					-8%	4%	42%	21%	21%	21%	17%	15%2	11%2
Volume ($B)	177	159	194	197	726	194	225	236	245	900	229	246	243
YoY Growth					-4%	10%	42%	22%	24%	24%	20%	15%2	11%2

Amounts may not sum due to rounding.

1 2022 growth figures are on a constant currency basis and exclude the estimated impact of foreign currency fluctuations; calculated using
average exchange rates during the same period in 2021.
2 Excludes impact from exit of Russia business.	C O P Y R I G H T G L O B A L P A Y M E N T S 2 0 2 2 A L L R I G H T S R E S E R V E	5

See appendix for a reconciliation to the closest GAAP measures.