Pushpay reconfirms and narrows FY22 guidance range...

Pushpay reconfirms and narrows FY22 guidance range, and provides disclosure relating to the repurchase of unallocated employee share scheme shares Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US - 15 March 2022 (NZT) Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, 'Pushpay' or 'the Company') advises that it has reconfirmed and narrowed its previous guidance for the year ending 31 March 2022, and now expects Underlying EBITDAFI[1] to be between US$61.5 million and US$63.5 million (previously Underlying EBITDAFI of between US$60.0 million and US$65.0 million). Excluding the costs associated with the investment into the Catholic initiative, Pushpay expects to achieve Underlying EBITDAFI for the year ending 31 March 2022 of between US$63.5 million and US$65.5 million. The Company's guidance for the year ending 31 March 2022 represents an increase in Underlying EBITDAFI performance of between 6% to 10% when compared to the prior financial year ended 31 March 2021. Pushpay continues to see positive year-on-year increases in processing volume performance in each trading month of the 2022 financial year, with the total processing volume for the eleven months ended 28 February 2022 being up 10% compared to the same period last year. The Company's strong operating cash flow continues to enable Pushpay to pay down its debt facility, which was obtained to partially fund the Resi Media acquisition in August 2021. Pushpay's net debt balance has reduced from US$90.0 million as at August 2021, to US$54.0 million as at 28 February 2022. Pushpay looks forward to discussing the results for the year ending 31 March 2022 in more detail at the Company's Annual Results announcement on Wednesday, 11 May 2022 (NZT). Pushpay also advises that it is intending to buy back the remaining 138,336 Pushpay shares currently held by Pushpay Trustee Limited (Trustee) as trustee for a legacy employee share scheme. Further information is set out as attached. This requires no action from shareholders. A Disclosure Document will be sent to all shareholders today. _____________ [1] Underlying EBITDAFI is a non-GAAP financial measure. An explanation of Underlying EBITDAFI and the reasons for using this measure are set out in Pushpay's 2022 Interim Report. Contact Gabrielle Wilson | Investor Relations | Pushpay Holdings Limited P: +64 21 724 244 | E: investors@pushpay.com www.pushpay.com This announcement is authorised by Graham Shaw (Chairman) and Molly Matthews (Chief Executive Officer) of Pushpay Holdings Limited. About Pushpay Pushpay provides a donor management system, including donor tools, finance tools and a custom community app, a church management system (ChMS), and video streaming solutions to the faith sector, non-profit organisations and education providers located predominantly in the United States (US) and other jurisdictions. Our leading solutions simplify engagement, payments and administration, enabling our Customers to increase participation and build stronger relationships with their communities. Church Community Builder and Resi Media LLC (Resi) are subsidiaries of Pushpay Holdings Limited. Church Community Builder provides a Software as a Service (SaaS) church management system that churches use to connect and communicate with their community members, record member service history, track online giving and perform a range of administrative functions. Resi is a high growth SaaS company that provides end-to-end live video streaming solutions enabled by hardware products predominantly to the faith sector, whilst also servicing commercial, nonprofit organisations and education providers in the US. Pushpay is an award-winning company. For more information visit www.pushpay.com/investors/awards. ENDS End CA:00388873 For:PPH Type:GENERAL Time:2022-03-15 09:30:10