The following is a summary of the EVERTEC, Inc. (EVTC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• EVERTEC reported strong Q3 2024 results with total revenue of $212 million, a 22% increase compared to Q3 2023.

• Adjusted EBITDA was $87 million, up approximately 11% year-over-year, with an adjusted EBITDA margin of 41.3%.

• Adjusted earnings per share increased to $0.86, an 8% rise from the previous year.

• The company generated $185 million in operating cash flow year-to-date and returned $92 million to shareholders through dividends and share repurchases.

Business Progress:

• EVERTEC acquired Grandata, enhancing its data analytics capabilities in LATAM.

• Sinqia acquisition continues to drive revenue growth in LATAM, with further monetization and modernization efforts underway.

• Implemented cost efficiency initiatives to offset the effects of the renegotiated MSA discount with Popular, effective from October 2025.

• Continued strong performance in Puerto Rico with growth across all segments, particularly in Merchant Acquiring, driven by higher sales volume and spread.

Opportunities:

• The acquisition of Grandata positions EVERTEC favourably in LATAM, enhancing product offerings and extending relationships with key fintechs like Mercado Libre.

• Ongoing modernization and repricing at Sinqia present opportunities for increased revenue and margin expansion.

Risks:

• Currency devaluation in LATAM presents a continued risk, impacting revenue growth negatively by approximately 10%. Though strategies to mitigate impacts are in place, the volatile economic environment could pose ongoing challenges.

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