Nayax Ltd.

Pardon the interruption, ladies and gentlemen. Please stand by. We're currently experiencing technical difficulties. you Thank you. Thank you. Hello everyone and welcome to the NIAC's third quarter earnings conference call. At this time, all participants are in listen only mode. A question answer session will follow the speaker's prepared remarks. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and zero. As a reminder, this conference call is being recorded. I would now like to turn the call over to Ms. Virginia Stewart-Gibson. Please go ahead.

Virginia Stewart- Thank you, operator, and everyone for joining us today on this call. With me on the call today are Yair Nekhmad, NIAC's co-founder and chief executive officer, and Sageet Manoor, chief financial officer. Following management's prepared remarks, we will open the call for the question and answer session. Our press release and supplementary investor presentation are available on our investor relations website at ir.niacs.com. As a reminder, during this call, we will be making forward-looking statements. 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 press release issued earlier today and our regulatory filings. In addition, today's call will include a discussion of non-IFRS measures. These measures should be considered as a supplement to and not as a substitute for IFRS financial measures. Reconciliations to the nearest IFRS measure can be found in our earnings press release issued earlier today. All key performance indicators are intended to evaluate our business and properly measure factors of the macroeconomic environment to guide and support our decision-making. These key performance indicators may be calculated in a manner different from the industry standard. And finally, please note that all figures in today's call will be reported in U.S. dollars unless stated otherwise. Yair will start the call with a view of the business and then provide operational and strategic highlights The GIT will go through the details of financial results for the quarter. With that, I would like to turn the call over to NIAC's CEO, Yair Nekhmad. Yair?

Thank you, Virginia, and thank you to everyone for joining us on our Q3 Early Conference Call. We achieved record results in the third quarter with consistent execution of our growth plans through 2022 as the underlying fundamentals that host our business remain healthy. Our Q3 results demonstrate the resiliency of our business model and the positive trends that continue to play out in our core unattended market as well as adjacent markets. While macro concerns are high, we have not seen any significant broad-based evidence of softness in the trends that drive our business momentum and growth trajectory. In Q3, we are busy executing against our growth plan as well as our strategic corporate objectives. In September, we successfully completed our direct listing in Nasdaq Stock Exchange, and it was an absolutely thrilling and exciting milestone for the entire Nasdaq team. This dual listing is a strategic opportunity to expand and diversify our shareholder base across the globe and align with one of our critical growth strategies to expand our global footprint. Additionally, it is a strategic move that reflect our relentless focus on extending our market leadership worldwide. Specific to Q3, we deliver outstanding results in third quarter, with revenue growth of 53% over the three-year quarter, reaching a record high that was driven primarily by our organic growth initiatives, including our investment in customer expansion, product innovation, and our strategic go-to-market initiatives. Esagit and I have emphasized before to the market, we run the company for the long term and make thoughtful action and disciplined decision about investment that will generate positive return and support our aspiration to become a much larger company. Year 3 was another quarter of strong results across many of our key metrics, demonstrating that our investment strategy continues to pay off and the underlying performance is consistent with our committed growth trajectory. As I have stated before and is worth repeating, Knives has differentiated itself and strengthened its market position because of our comprehensive proprietary platform, which addresses the entire unattended commerce value chain, including a global payment infrastructure, a commerce software suite, a consumer engagement platform, and integrated post device. This ownership of the entire value chain is one of the key pillars of our success that is enabling us to capture market share in large and attractive markets, including but not limited to the unattended retail where we are positioned today. NYX business continue to show great resilience in light of the current macro condition. However, we will continue to be watchful about how inflation and rising interest rates may impact our business going forward. In Q3, we did not see any significant adverse signs of inflation on our financial results. Our customer loyalty as measured by net retention rate was 127% for the quarter, in line with our expectation in the previous quarter, reflecting the high satisfaction and confidence our diverse customer placed on NIAC's end-to-end platform and solution. Another key pillar of NIAC's success and resiliency in different economic cycles has been our global and diverse footprint. This global presence in key regions can be seen by our revenue mix. For Q3 2022, 43% of our revenue was derived from Europe, 36% from North America, 12% from the rest of the world, and 9% from Australia. We continue to see strong demand for the NIAC solution across all of these regions. Let me share some examples of key wins in Q3. to establish a new customer relationship with Atlanta Food and Beverage. This new customer will use Vensys as their vending management system and will place NICE cashless on all their machine requiring cashless. We also signed an agreement to partner with Tiba Parking to bring the NICE solution to all their North America parking operators. We saw some traction with our customer expansion effort in Australia. by entering in partnership with the 7-Eleven Group to supply Kestra solutions for their unattended go-to-market strategy. Europe will continue to perform well in the quarter. The quarter will fully consolidate OTI PNL for the first time since closing the acquisition in June. I would now like to provide an update about the ongoing global supply chain challenges. As we continue to communicate on our earning calls, the global component shortage is still ongoing, and we continue to manage through this challenge. Despite this challenge in Q3, we were able to report organic revenue growth from our post devices, which excluded the OTI contribution of 45% compared to the same quarter last year. This growth was driven by our ability to deliver orders from our backlog. while efficiently managing the shortage to meet our manufacturing schedule. Our revenue performance was even more pleasing this quarter as we were negatively impacted, like everyone else, by the foreign currency exchange rate fluctuation. The GIT will provide more color on our revenue and gross margins, including the favorable impact of OTI on our total revenue from our post devices and discuss the impact on our revenue and expenses due to the foreign currency exchanges. I would now like to talk about our product innovation with the focus of our unique solution called Colnbridge, allowing conversion of any virtual asset into real cash transactions and purchases across the world. We officially launched Colnbridge in August this year, presenting its compelling value proposition and game-changing dynamics. CoinBridge is a new payment method. It is a groundbreaking and first-of-the-kind solution for using digital assets as a payment method at any shop and website worldwide. CoinBridge patent solutions allow for real-time conversion of rewards, points, gift cards, vouchers, and other digital assets bearing financial value into a repurchase over the credit card scheme. The new payment method offers retailers a way to increase their customers' financial freedom by allowing the redemption of rewards points and vouchers into repurchases at any shop outside of their outlet, driving in return an increased visitation frequency and basket size at their brand store as well as higher brand loyalty. Our initial focus is the retail market. where CoinBridge sold retailers growing pain of increasing customer spending, engagement and loyalty while improving the bottom line. The underlying technology is based on a unique patent technology of issuing virtual prepaid cards to facilitate the conversion of digital assets using NYX MasterCard license. NYX currently has six patents and served as a token enabler as well as the issuer. Forest Marketplace solution requires lengthy, costly, and complex cross-platform integration with each and every merchant. CoinBridge solves this problem by providing a single technology suite, which easily integrates into retailers' loyalty platform and apps. CoinBridge allows for a quick service launch without any merchant integration. We are very excited about this game-changing technology and its innovative way of solving our customer challenges. I'm sure that the market will be able to appreciate and understand its potential impact. To wrap up, our Q3 results reflect some of the best performance in NICE history, and the consistent performance shows that the NICE team is executing exceptionally well on our strategic growth initiative. We are pleased with the ongoing business momentum and strong results we have seen throughout the year, giving us confidence in our differentiated market position and growth outlook. As we look ahead, we remain confident in our ability to execute against our mid-term and long-term growth aspirations. With that, I will now turn the call over to Sagit. Sagit?