Nayax Ltd.

Welcome to the NIACS Limited first quarter 2021 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, This event is being recorded. I would now like to turn the conference over to Miri Segal of MSIR. Please go ahead.

Thank you, operator, and everyone for joining us today. Welcome to NIAC's first quarter financial results conference call. Joining me today are Yair Nechmad, NIAC's co-founder, chairman, and chief executive officer, and Liron Grossman, chief financial officer. Also on the line today is David Benavi, co-founder and chief technology officer, who will be available during the Q&A session. All forward-looking statements on our call today are based on assumptions and therefore subject to risks and uncertainties that may cause actual results to differ materially from those projected. We have no obligation to update these statements except as required by law. You can read about these risks and uncertainties in our earnings press release issued earlier today and our regulatory filings. Today's call is accompanied by a presentation. You're welcome to access it from NIAC's IR webpage. And finally, note that all figures in today's call will be reported in U.S. dollars unless stated otherwise. On that note, I'd like to turn the call over to Yair Nechmad, NIACC CEO. Yair, please go ahead.

Thank you, Miri. Welcome, everyone, and thanks for joining us on our first conference call as a publicly traded company. For those on the line who are not familiar with our story, I would like to tell a bit about NIACC. The company was established in 2005 in Israel. and has since grown to 10 sales offices with over 400 employees all over the world. We established a payment institution that accepts more than 80 payment integration in 40 different currencies. Our sales and distribution network is servicing more than 50 countries. These distributions are well integrated with NARCS and undergo an annual certification process. Our business model includes three strong foundations. The hardware generates revenue per sold and connected point of sale. Our telemetry and software are based off subscription model, which comes with a management suite, connectivity and support, and consumer engagement suite to increase our customer revenue. Now our journey has led us to becoming the first unicorn company to be listed in Tel Aviv Stock Exchange. As of May 13, NYX began trading under the ticker symbol NYAX, N-Y-A-X, at 10.5 shekels, approximately 3.25 cents U.S. dollar. The offering consisted of 44 million ordinary shares generated around $130 million U.S. dollar. The use of this proceeds will be allocated to our current business strategy of entering new markets, financing strategic acquisition and driving customer growth through loyalty program and product enhancements. It is a new chapter and important milestone for our management team and employees. We believe that sharing our business model, strategy, expansion plan and technology with our investors will demonstrate our strong market position and the conviction we have in our plans to keep expanding market share globally. We believe Knives is the leading global commerce enablement platform, providing cashless payment and merchant account solution for retailers. Unattended retailers spend dozens of vertical and include vending machine, digital kiosks, car charging station, and more. Our goal is to help our retailers grow their revenue. In slide six, you can see Knives aims to solve all retailers' needs, providing one point of contact for seamless solution, ease of use, and onboarding. Our platform covers all aspects of our customers, businesses, including loyalty campaign and digital punch card to engage consumers and increase sales with a mobile Monix wallet app. Our management suite deliver real-time monitoring and store availability, while our cashless payment acceptance increase sales. As a result, our customers benefit from significant cost reduction and increased revenue. We provide a mission-critical solution that translates into high ROI for our customers. Slide seven, even with the ongoing pandemic in Europe during Q1, we saw an increase of 12% in our number of transactions, showing a shift in consumer behavior toward digital payments. We connected 21,000 new devices in Q1. This represents 50% of our entire growth connected and managed devices in 2020. providing a positive indication of what's to come. We increased our revenue by 26 percent, which illustrates the company's position and strategy. Slide eight, moving on to slide eight to provide a quick overview of our quarterly performance. This quarter, Knight reported total revenue of $22.8 million. This represents a 26 percent growth compared to the same quarter last year. which was almost entirely COVID-free. This growth demonstrates that despite the pandemic still impacting Q1 this year, we are still able to achieve high growth. Our recurring revenue ratio grew from 57 to 59 percent, which is an increase from Q1 2020. Moreover, our recurring revenue for monthly services and processing fees increased by more than 30 percent year-over-year. Growth margin was 46%. We have more than 402,000 connected and managed devices, and more than 20,000 customers that are using our platform. Our net retention grew to 108%, which illustrate the market recovery and confidence our customers have in our platform, support, and our long-term relationship. Slide nine, in terms of the operation, We strengthen our partnership with Mastercard and Visa, which solidify our market positioning. In addition, our Vipos Touch, the all-in-one solution for cashless payment and integrated telemetry was recognized as leading payment system and the best payment system in the UK at the 2021 annual Vendee's event. We are happy to update that we came closer to finalize our Wismo acquisition and omni-channel marketing solution. This will increase our presence in current market and add to our customer service capabilities by enhancing feedback through in-store purchases. In the U.S., we launched the first unattended e-commerce channel intended to help us capture the SMB market and automated the onboarding and KYC process. We are well-positioned to capture small and mid-sized businesses globally, which is a dominant portion of unattended markets. With our support and customer success team, we are a preferred partner for Tier 1 customers as well. I will now pass the call over to the Chief Financial Officer, Leon Grossman, to discuss our financial results in detail.