UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2024
Commission file number: 001-41491
NAYAX LTD.
(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 ☐
EXPLANATORY NOTE
On November 12, 2024, Nayax Ltd. posted on its website a corporate presentation titled "Nayax Q3 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.
EXHIBIT INDEX
The following exhibit is furnished as part of this Form 6-K:
- ExhibitDescription
- 99.1Corporate Presentation titled "Nayax Q3 2024 Earnings Presentation", dated November 12, 2024.
2
SIGNATURES
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.
NAYAX LTD.
By:/s/ Gal Omer
Name: Gal Omer Title: Chief Legal Officer
Date: November 12, 2024
Exhibit 99.1

N a y a x Q 3 2 0 2 4 E a r n i n g s P r e s e n t a t i o n N o v 1 2 , 2 0 2 4
Important Disclosure
- This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to the public of the Company's securities. By attending or view in this presentation . each attended " agees that he or she fil has read this disclaimer, @il is bound by the restictions set out herein, (lil) is permited, in accordance with all applicable laws, to receive such information, (iv) is salely responsible for his or his or his or his or his or his assessment of the business and financial peaction of the Company and (v) will conduct his or her own analysis and be solely responsible for forming the Attendee's view of the potential future performance of the Company's business.
- · The information in this presentation is provided for contain comprehensive information, but meety summary information in a condersed form. This presentation does not and is not intended to replace a careful inspection of the Company's Financial Statements and other public filings, as reported or will be reported to the Israeli Securities Authority and the Securities and Exchange Commission (the "Company's Reports"). In as of any inconsistencies between the information provided in this presentation and the Company's Reports, the latter will prevail. The information is not a basis and should not be used as a basis for making any decision in relation to the Company, including any decision to purchase securities of the Company. Any such decision should be based on the Company's Reports and filliowing the receipt of appropriate professional advice. The information provided in this presentation is not, and should not be considered to be, a recommendation or an opinion of any kind in relation to an investment in the Company, whether legal, financial, tax, economic or otherwise. This presentation does not replace the need for a potential imes to collect and analyze further independent information for their due consideration. Every potential investor must obtain their own independent advice and guidance, in connection with a potential investment in the Company, including tax advice which takes into account the investor's own tax position.
- · This presentation includes projections, guidance, forecasts, estimates, assessments and other information pertaining to future events and/or matters, whose materialization is uncertain and is company's control, and which constitute forward looking statements (within the meaning of Section 27A of the Securities Actor 21E of the Securities Exchange Act of 1934, as amended, and the tradil Securites Law, 5728-1968). Mary of the forward-looking statements contained in this presentation can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "plan," "intend," "estimate" and "patential," among others. Forward-looking statements include, but are not limited to, expectations and evaluations relating to the Company's business targe ts and strategy, the success of tria's and the integration of the Company's technology in various systems and industries, the advantages of the Company's existing and future products, timetables regarding completion of the Company's developments and the expected commencement of production, sales and distribution of the Company's products and technology, the Company's intentions in relation to various industries, the Company's intentions in the creation of collaborations and engagements, production and distribution and distribution in various countries, and other statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and actual results may differ materially from those expressed or implied in the forward-looking statements due to of variaus factors, including, but not limited to: our expectations regarding general market conditions, including as a result of the COVID-19 partlemic and other global economic trends; changes in consumer tastes and preferences; fluctuations in inflation, interest rate and exchange rates in the global economic emironment over the world; the availability of qualified personnel and the ability to retain such personnely cass, labor, distribution and other operating casts; our ability to implement our growth strately; changes in government regulation and tax matters; other factors than financial condition, liquidity and results of operations; general economic, political, demographic and business conditions in brael, including orgoing military conflicas in the resior, the success of operating initial bes, induding advertising and promotional efforts and new product and concept development by us and our competitors; factors relating to the acquisition of Retail Pro International ("Retail Pro"), including but not financing for and payment of the acquisition and our ability to effectively and efficiently integrate the aquired business and other risk factors discussed under "Risk Factors" in our annual report on Form 20-F liled with the SEC on February 28, 2024 (our "Annual Report"). The preceding list is not intended to be as exhaustive list of all of our forward-looking statements. These statements are only estimates based upon our current expections and projections and projections and projection about luture events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. In particular, you should consider the risks provided under "Risk Factors" in our Annual Report. You should not rely upon farward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we came guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur.
- Each forward-looking statement speaks only as of the particular statement. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
- In addition, the presentation includes data published by various bodies, and data provided to the Company in the framework of cooperation engagements, concerning the industry, competitive position and the markets in which the Company operates, whose content was not independently verflied by the Company, such that the Company is not responsible for the accuracy of such date or whe the data is up-to-date, and Company takes no responsibility for any reliance on the data.
- Management estimates contained in this presentation are derived from publicity available information released by independent industry and other third-party sources, as well as data from the Company's internal research, and are based on assumptions made by the Company upon reviewing such data, and the Company's experience in, and industry and markets, which the Company believes to be reasonable In addition, projections, assumptions and estimates of the industry in which the Company operates and the Company's future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company, Industry publications, research, surveys and studies generally state that the information they contain has been obtained from sources befeved to be reliable, but that the acuracy and completeness of such information is not guaranteed. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation.
- In addition to various operational metrics and financial measures in according principles generally accepted under international Financial Reporting Standards, or IFRS, this presentation contains Adjusted EBITDA, a non-FRS financial messure to evaluate our past results and future prospects. Please refer to the Appendix for a definition of Adjusted EBITDA and for a reconciliation of Adjusted EBITDA to net income (lass).
- Unless noted otherwise, the financial information of the Company induded in this presentation for Q4 2023 or any later period includes ligares from Retail Pro. Unless noted otherwise, the financism of the Company induded in this presentation for the Q2 2024 or any later period includes figures from Roseman Engineering LTD ,Roseman Haldings (1985) LTD and Vintecnologia LTDA.
- The Cornsany does not provide a recondition of forward-looking Adjusted EBTDA to FRS net income Illias I, due to the inherent difficulty in forecasting, and quantifying certain anounts that are necessary for such reconciliation, in particular, becauses special items such as finance expenses and Issuance and acquisition costs, used to calculate projected net income (lass) vary dramatically based on actual events. Therefore, the Company is not able to forecast on an IFPS bass with resuments all deductions needed in order to provide an IFRS calculation of projected net incorne (loss) at this time. The amaunt of these deductions may be material, and therefore could result in projected IFRS net incorne (lass) being materially less than projected Adjusted EBITDA (non-IFRS).
- The Company does not confirm or undertake that the information appearing in this presentation is complete or accurate. The Company, its employees, afficers and its shareholders will not be responsible for damages and/or losses a result of the use of the information contained in this presentation. The Company is not responsible for any changes to the economic, financial or legal situation relating to the Company and its business. The Company does not under change forecasts and/or evaluations included in the presentation in order that they will reliest events and/or circumstances which apply after the date of the presentation's presentations. No persons have been authorized to make any representations regarding the information contained in this presentation, and if given or made, such representations should not be considered as authorized. The content of this presentation does not bird the Company or its managers and they have the right to change any item described in the presentation relating to the Company, at their sole discretion.
- The Company and its lice race have proprietary rights to trademarks used in this Presentation. Solely for convenience, trade names refered to in this Presentation may appear without the "8" or "10" symbols, but the lack of such references is not imended to indicate, in any way, that the Company will not assert, to the fullest extent possible low, is rights or the rights of the applicable licensor to the se trademarks and trade names. This Presentation also contains trade names and service marks of other companies, which are the property of their respective owners and are used for reference purposes only. Such use of other parties' trademarks, trade names or seview marks should not be construed to imply, a relationship with, or an endorsement or sporsonship of the Company by ary other party.
Today's Presenters

CEO & Co-Founder

Sagit Manor CFO

Company Overview


Nayax (Nasdaq & TASE: NYAX) Q3-24 at a Glance
| Scale |
Managed & connected devices Sep. 2023: 874K ▲ 40% |
End customers Sep. 2023: 60k ▲ 52% |
Transactions value processed Sep. 2023: 989M ▲ 32% |
|
|
1.23M |
91k |
\$1.3B |
|
| Financials |
Revenue Sep. 2023: \$60M ▲ 38% |
Gross Margins Sep. 2023: 38.1% |
Adj. EBITDA(1) Sep. 2023: \$3.5M ▲ 217% |
|
|
\$83M |
45.7% |
\$11.1M |
|
|
YOY Recurring Revenues |
Dollar-based net retention rate |
Revenue churn (2) |
|
| Growth |
49% |
130% |
2.8% |
|
Retaining and Growing Customers

Bringing a Global Solution to the Local Market

Low Customer Concentration
Global Revenue Diversification



Driving Growth with One Complete Solution for all Retailers
Recent Key Business Highlights
Smart cart integration with Cust2Mate
Nayax and A2Z Cust2Mate Solutions Corp. have announced a strategic partnership to integrate Nayax's automated self-service mobile payment system with A2Z Cust 2Mate's cart platform for smart retail stores. This collaboration will enable customers to complete their shopping journey directly from their smart cart, eliminating the need for checkout lines, with a seamless "pick-andgo" experience.
Launch of Energy EV Kiosk
Nayax has launched the Nayax Energy EV Kiosk, a payment processing solution for electric vehicle (EV) charging stations. This kiosk allows drivers to have a seamless and fast payment experience while charging their vehicles using credit cards, debit cards, or mobile wallets without needing individual payment devices on each charger. It is part of Nayax Energy's broader offerings for various locations, such as parking garages, gas stations, and shopping centers.
Strategically Partnered with Adyen Globally
This partnership introduces the world's first global omnichannel payment service provider solution for EV charging, integrating Nayax's payment and loyalty platform into Adyen's international platform. Additionally, this global partnership enables Nayax to expand into new regions, such as Latin America and APAC, while reducing operational costs.
Organic Growth Strategy for Sustained Long-term Profitable Growth
Continued Execution on Strategic Growth Plan While Remaining Focused on Balancing Top Line Growth


I n o r g a n i c G r o w t h : T h r e e P i l l a r s o f M & A A d d i n g k e y t e c h n o l o g i e s t o t h e p l a t f o r m t o a c c e l e r a t e d e v e l o p m e n t i n k e y s t r a t e g i c v e r t i c a l s F o c u s o n " t u c k - i n " M & A s w i t h s y n e r g i s t i c t e c h n o l o g i e s T e c h n o l o g i c a l U p g r a d e L e v e r a g i n g C h a n n e l s G e o g r a p h i c E x p a n s i o n A f o c u s o n s t r a t e g i c a l l y l e v e r a g i n g c h a n n e l A c q u i r e s d i s t r i b u t o r s a n d p a y m e n t s o l u t i o n p r o v i d e r s t o b r i n g t h e c a p a b i l i t i e s i n - h o u s e V e n d C h e c k A c c e l e r a t e s e n t r y i n t o n e w m a r k e t s
Financial Overview
Complete End-To-End Solution Locks in Customers to Secure Solid Recurring Revenue

Our Business Model is Working
Strong Revenue Growth (\$m)

Highlights
- · Q3 revenue grew 38% YoY
- · Benefited from faster growing recurring revenues, growth in sold units and contribution from our recent Vmtecnologia, Roseman and Retail Pro acquisitions.
High Recurring Revenues (\$m)

- · Q3 Recurring revenues grew 49% YoY
- · Continued strong growth in payment processing fees up 44% YoY; SaaS revenue grew 57% YoY, including contribution from our recent Vmtecnologia and Retail Pro acquisitions.
Significant Improvements In Gross Margin
Highlights
- · Q3 gross profit grew 65% YoY
- · Significant reduction in processing costs and improvement in HW gross margin reflecting the positive impact of strategic efforts to enhance operational efficiencies and streamline our supply chain in recent quarters.


- · Q3 recurring gross profit 59% YoY
- · Significant reduction in processing costs improving our overall recurring gross margin.
Moderating Expenses & Higher Operating Efficiencies
R&D Expense (\$m) (1)
21 21 27% 2 2 17 2 19 19 6.5 15 5.1 0.6 5.9 2021 2022 2023 Q3-2023 Q3-2024 Payroll & Related Expenses Other
Highlights
- · Q3 R&D grew 27% YoY
- · Primarily due to investment in talent acquisitions as well as additional costs related to our recent VMtecnologia and Roseman acquisitions.
SG&A Expense (\$m) (1)
(1) Excluding share-based compensation and Amortization

- · Q3 SG&A grew 48% YoY
- · Reflects investment in talent acquisition, customer base expansion, and higher go-to-market expenses as well as additional costs related to our recent VMtecnologia and Roseman acquisitions.
Improved Profitability From Margins Expansion
And Higher Operating Efficiencies
Highlights
- · Q3 Adj. EBITDA grew strongly 217% YoY
- · Positive \$11.1 million in Q3 2024, a marked improvement of \$7.6 million from Q3 2023. This impressive growth demonstrates our ability to drive profitable expansion while improving margins, managing costs, and strategically investing in growth opportunities.

Adjusted EBITDA (\$m) (1)
Consistent Track Record Number of Customers (thousands) Of Expanding Footprint 52% CAGR 56% 91 72 Highlights 60 47 · Q3 2024 reflects momentum in customer base expansion, with YoY growth of 52%, across all geographies 30 · Significant increase in customer base with high net retention rate at 130% and low churn rate at 2.8% 2021 2022 2023 Q3-2023 Q3-2024
Number of Managed and Connected Devices (thousands)

- Reached another record number of nearly 1,230,000 managed and connected devices across all geographies
- . Grew by 40% YoY

2024 Outlook(1)
| Metric |
FY 2024 |
Guidance Assumptions |
| Revenue expectations |
\$315m - \$320m |
· Customer demand continues to be strong |
| Revenue growth YoY |
35% at Mid-Point |
· Assumes no material changes in macroeconomic conditions |
| Hardware margins |
Above 30% |
|
Adjusted EBITDA (Expected to be at higher end of the range) |
\$30m - \$35m |
|
| Free Cash Flow |
Positive |
|
|
(1) The Conpany dees not provide a recorclised BBTDA to PRS net income (ps) dueto the interest officulty infractary and quartify in certain annualts that a recessary for subl econciletion, in particular, because special tentre expenses and scapistion costs used to calculate projected net income (loss you or arratically based on actual e entre in e Company increason an IFS basis with resonable certain all deductions reseal in ode to projected nome (loss) a this ine. The anound there dections may be material and therefore could result income (loss being materially lessthan projected adjusted BRDA (non-FRS). |
Navax 23 |
Mid-Term and Long-Term Outlook (1)
- · Looking ahead, we remain excited about our strong long-term growth drivers and the large market opportunities ahead of us.
- · Our durable business model is demonstrated by our diverse customers, verticals and geographies. With strong secular tailwinds and with our high net revenue retention rate, we believe we have a clear opportunity to drive revenue growth in the future.
|
2025 Preliminary Outlook |
| Adjusted EBITDA |
At least 15% |
|
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: New strategic growth initiatives, more rental and leasing options, loyalty products, and embedded finance solutions. |
| Adjusted EBITDA |
Target of 30% |
(1) The Company does not provide a reconciliation of forward-looking adjusted EBITDA to IF reconciliation, in particular, because special items such as finance expenses and Issuance Company include to forecas on an IFB basis in the to provide an INS cabulation of projected net income(las) at this inc. The anount of these beductions may be material, and therefore could result in projected IFRS net income (loss) being materially lessthan projected adjustedEBITDA (nor-FRS),

Higher Operating Efficiencies
Depreciation and Amortization (\$m)

Highlights
- · Q3 D&A grew 84% YoY
- · Increase in Q3 2024 YoY primarily due to investment in automation as well as PPA amortization.

Highlights
49% Increase YOY in Q2 2024
· Primarily due to an increase in capitalized development expenditure and VMtecnologia rental equipment
NOVA)
IFRS to Non-IFRS Reconciliation
| Quarter ended as of (U.S. dollars in thousands) |
|
|
| Sep 30, 2024 |
Sep 30, 2023 |
|
| 692 |
(3,094) |
|
| 329 |
1,237 |
|
| 431 |
384 |
|
| 5,934 |
3,219 |
|
| 7,386 |
1,746 |
|
| 2,997 |
1,279 |
|
| 338 |
|
|
| 347 |
503 |
|
| 11,068 |
3,528 |
|
|
|
|
(1) Other compensation arrangements provided to the shareholders of the acquiree in conjunction with a business combination
(2) Share of loss of equity method investee is related to our 2021 investment in Tigapo
Key Definitions
Managed & Connected |
End Customers |
Recurring Revenue |
Revenue Churn |
Existing Customer Expansion |
Free Cash Flow |
Devices that are operated by our customers. |
Customers that contributed to Nayax revenue in the last 12 months. |
SAAS revenue and payment processing fees. |
The percentage of revenue lost as a result of customers leaving our platform 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. |
Net cash provided from operating activities minus capitalized development costs and acquisition of property and equipment |
Adjusted EBITDA
Adjusted EBITDA is a non-IFRS financial measure that we define as profit or loss for the period plus finance expenses, tax expense, depreciation and amortization, sharebased compensation costs, non-recurring issuance and acquisition related costs and our share in losses of associates accounted for by the equity method.
Dollar-based net retention rate
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.
Constant Currency
Nayak presents consant currency information assessing how our underlying businesses performed excluding the effect of foreign urrency rate fluctuations. Future expected results for transactions in and lited States dollars are converted into United States dollars using the exchange rates in effect in the last month of the reporting period. Naya provins than to aid investors in better understanding our performance. These constant currency financial measures presented in this release should not be on or superior to, the measures of financial performance prepared in accordance with IFRS.
Nayax
Thank You!
IR Contact
Aaron Greenberg Chief Strategy Officer [email protected]
Website ir.nayax.com
