Page 1

nuvei Payment Technology Partner Nuvei Announces Third Quarter 2021 Results Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ( " IFRS " ) MONTREAL , November 9 , 2021 - Nuvei Corporation ( " Nuvei " or the " Company " ) ( Nasdaq : NVEI ) ( TSX : NVEI ) , the global payment technology partner of thriving brands , today reported its financial results for the third quarter ended September 30 , 2021 . " We achieved a number of significant milestones in the third quarter including financial results that exceeded the outlook previously provided , releasing new innovative product solutions , growing our portfolio of alternative payment methods ( " APMs " ) , announcing several exciting new customer wins , and completing three acquisitions that enhance and expand our addressable market , product capabilities , and geographic footprint , " said Philip Fayer , Nuvei's Chair and CEO . " The third quarter also marked our one year anniversary as a public company trading on the Toronto Stock Exchange , which was followed by our successful initial public offering in the United States on the Nasdaq in early October . I want to thank the entire Nuvei team for their tireless contributions and for making all of this possible . Looking at the business , our performance is driven by our unrelenting focus on helping our customers connect further with their customers regardless of country , currency , or payment type through our single integrated platform . We continue to experience significant momentum in the business and are well - positioned for sustainable and profitable growth . We are proud of our results and raising our financial outlook for the full year 2021 and reiterating our previously announced medium and long - term growth targets . " • • • • • • • Financial Highlights for the Three Months Ended September 30 , 2021 Total volume ( ¹ ) increased 88 % to $ 21.6 billion from $ 11.5 billion eCommerce represented 83 % of total volume Revenue increased 96 % to $ 183.9 million from $ 93.8 million Net income increased by $ 105.9 million to $ 28.0 million from a net loss of $ 77.9 million Adjusted EBITDA ( 2 ) increased 97 % to $ 80.9 million from $ 41.0 million Adjusted net income ( 2 ) was $ 62.3 million compared to $ 16.5 million Net income per diluted share of $ 0.19 compared to a net loss of $ 0.88 Adjusted net income ( 2 ) per diluted share of $ 0.42 compared to $ 0.17 Cash balance of $ 288.7 million at September 30 , 2021 compared to $ 180.7 million at December 31 , 2020 Financial Highlights for the Nine Months Ended September 30 , 2021 • • • • • Total volume ( ¹ ) increased 119 % to $ 64.1 billion from $ 29.3 billion • eCommerce represented 85 % of total volume Revenue increased 97 % to $ 512.7 million from $ 260.3 million Net income increased by $ 221.0 million to $ 94.7 million compared to a net loss of $ 126.2 million Adjusted EBITDA ( 2 ) increased 102 % to $ 225.8 million from $ 111.7 million Adjusted net income ( 2 ) was $ 178.0 million compared to $ 42.5 million Net income per diluted share of $ 0.64 compared to a net loss per share of $ 1.49 Adjusted net income ( 2 ) per diluted share of $ 1.22 compared to $ 0.46 Cash flow from operating activities of $ 201.9 million increased from $ 49.0 million