Execution on strategic priorities translating into financial performance
Connect acquisition
outperformance continues
Strong underlying fundamentals
underpinning the business remain unchanged
Integrating Merchant & Consumer
into a dual-sided self reinforcing ecosystem
Synergies
exceeding initial expectations
Organic turnaround
of the Consumer Business
Consumer pathway
to breakeven in November 2022
Capital structure in process of
further optimization
To introduce greater flexibility &
further increasing liquidity
FY23 Q1 Results | 5
Financial highlights for FY23 Q1
Group Revenue for the quarter
R 2 138m $125m
{R 2 015m - R 2 062m}
R 6m
R 1 897m
R 8m
R 504m
R3m
R 250m
R 1 645m
R 1 875m
$110m
R 251m
R 244m
R 257m
$15m
FY22 Q1
FY22 Q4
FY23 Q1 guidance
FY23 Q1
Other
Merchant
Consumer
Group
Segment Adj. EBITDA¹ for the quarter
R 107m
R 111m
$7.9m
{R 106m - R 112m}
R 2m
R 3m
R 28m
R 124m
$6.5m
(R 137m)
(R 19m)
(R 26m)³
(R 24m)
($1.4m)
(R 7m)
(R 106m)
FY22 Q1
FY22 Q4
FY23 Q1 guidance
FY23 Q1
Other
Merchant
Consumer
Group
"R" = South African Rands, ZAR
1. Segment adjusted EBITDA is a defined term in the appendix & is before corporate/eliminations. Refer to Appendix for a full re conciliation of Net income to EBITDA
Amounts in $ translated at the average exchange rate for FY23 Q1 of ZAR17.13 to $1
Reported Consumer Segment adjusted EBITDA was (R19m) however this included once -off benefit of R7m related to adjusting the loan loss provision from 10% to 6.5% in FY22 Q4
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Lesaka Technologies Inc. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 13:00:02 UTC.
Lesaka Technologies, Inc. (formerly Net 1 Ueps Technologies, Inc.) specializes in the development of electronic transaction and payment processing solutions and services to merchants and consumers. The activity is organized around 2 areas:
- electronic transaction and payment processing by chip cards: primarily to the distribution, online business, bank, money transfer services, health facilities and telecommunication sectors;
- inclusive financial services. In addition, the group offers electronic payment solutions and systems.
LESAKA TECHNOLOGIES, INC. 
