Foreign Filer Report • May 15, 2024
Foreign Filer Report
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Washington, D.C. 20549
For the month of May, 2024
Commission file number: 001-41491
(Translation of registrant's name into English)
Arik Einstein Street, Bldg. B, 1st Floor Herzliya 4659071, Israel (Address of principal executive offices) _____________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
On May 15, 2024, Nayax Ltd. posted on its website a corporate presentation titled "Nayax Q1 2024 Earnings Presentation". A copy of the corporate presentation is furnished as Exhibit 99.1 hereto.
The information in this Form 6-K (including Exhibit 99.1 hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.
The following exhibit is furnished as part of this Form 6-K:
Exhibit Description
99.1 Corporate Presentation titled "Nayax Q1 2024 Earnings Presentation", dated May 15, 2024.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Gal Omer
Name: Gal Omer Title: Chief Legal Officer
Date: May 15, 2024

Each forward-looking statement speaks on the paticular statement. Except arequired by law, we understic no actual results or to change
obligation to update publicly any fo
Yair Nechmad CEO & Co-Founder
CFO


Adjusted EBITDA is a non-lFRS financial measure. Please refer to the Appendixfor a definition of Adjusted EBITDA andfor
a reconciliation of Adjusted EBITDA tothe most dire












| Metric | FY 2024 |
|---|---|
| Revenue expectations (constant currency) | \$325m - \$335m |
| Revenue growth YoY | At least 38% |
| Hardware margins | 25%-27% |
| Adjusted EBITDA | \$30m - \$35m |
| Free Cash Flow | Positive |
(4) 10:40 m/version) (10:40 (10) (6) 6:10 (minerating (1) (casting estating santanous (1 essees plan cencesses) (suncerca con esteciliar (1972) (2004) (2004) (2004) (2004) (
| Mid-Term Outlook | |||
|---|---|---|---|
| Revenue Growth | Reaffirming mid-term outlook of 35% annual growth, driven by organic growth initiatives and strategic M&A. |
||
| Growth Drivers | Customer growth, market penetration, continued expansion of our integrated payments platform as well as our growth engines. |
||
| Long-Term Outlook | |||
| Revenue Growth | Reaffirming long-term outlook of 35% annual growth, driven by organic growth initiatives and strategic M&A. |
||
| Gross Margins | Target of 50% Main drivers: providing leasing options for loT POS, growing SaaS revenue and payment processing fees and services offered through our growth engine initiatives. |
||
| Adjusted EBITDA | Target of 30% | ||
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The following is a reconciliation of loss for the period, the most directly comparable IFRS financial measure, to Adjusted EBITDA for each of the periods indicated.
| Quarter ended as of (U.S. dollars in thousands) |
||
|---|---|---|
| Mar 31, 2024 | Mar 31, 2023 | |
| Loss for the period | (4,956) | (5,527) |
| Finance expense, net | 2,388 | 78 |
| Tax benefit (Income tax expense) | (239) | 259 |
| Depreciation and amortization | 4,518 | 2,631 |
| EBITDA | 1,711 | (2,559) |
| Expenses in respect of share-based compensation | 1,453 | 1,560 |
| Non-recurring issuance (1) | 128 | |
| Share of loss of equity method investee (2) | 290 | 358 |
| ADJUSTED EBITDA | 3,582 | (641) |
(1) Consistsprimerily of fees and expenses, ober the reserved in connections incurned in connection with our March 2024 underwritter U.S. public offering.
(2) Share of
Managed and Connected Devices that are operated by our customers.
The percentage of revenue lost as a result of customers leaving our platform in the last 12 months.
End Customers
Customers that contributed to Nayax revenue in the last 12 months.
Revenue generated within a given cohort over the years presented. Each cohort represents customers from whom we received revenue for the first time, in a given year.
Recurring Revenue SAAS revenue and payment processing fees.
Adjusted EBITDA is a non-IFRS financial measure that we define as loss for the period plus finance expenses, tax expense (benefit), depreciation and amortization, share-based compensation costs, non-recurring issuance costs and our share in losses of associates accounted for by the equity method.
Nayax presents constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. Future expected results for transactions in currencies other than United States dollars are converted into United States dollars using the exchange rates in effect in the last month of the reporting period. Nayax provides this financial information to aid investors in better understanding our performance. These constant currency financial measures presented in this release should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with IFRS.
Measured as a percentage of Recurring Revenue from returning customers in a given period as compared to the Recurring Revenue from such customers in the prior period, which reflects the increase in revenue and the rate of losses from customer churn.

IR Contact: Aaron Greenberg Chief Strategy Officer [email protected]
Website: ir.nayax.com
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