 Strong Recent Transaction Recovery in the United States Key New Retail and Financial Institution Relationships Announced Accelerated Transaction Growth with Fintech PartnersHOUSTON, Aug. 06, 2020 GLOBE NEWSWIRE -- Cardtronics plc Nasdaq: CATM Cardtronics or the Company, the worlds largest ATM owneroperator, announced today its financial and operational results for the quarter ended June 30, 2020.We continue to see a recovery in transaction levels across our geographies, with same-store withdrawals in the U.S., our largest market, near prior year levels for the months of June and July, said Ed West, CEO of Cardtronics. Cash in circulation continues to grow to record levels, and in the last two months, cash dispensed from our ATMs in the U.S. increased year-over-year by double-digit percentages. Cash continues to be resilient, and there is tremendous value in our trusted platform and proprietary solutions for our financial institution, Fintech, and retail partners.I believe this period will serve as an inflection point from which Cardtronics will emerge uniquely positioned to gain transaction share and grow revenues and profits. During the second quarter, we secured several major partnerships with retailers and financial institutions, demonstrating the increasing importance of our unique business model and the value of our trusted network. Our end-to-end proprietary platform continues to drive new business opportunities with financial institutions and Fintechs, providing customized, scalable, and cost-effective cash solutions that financial partners want and consumers need. As the fallout from the pandemic unfolds, and the trend of bank branch transformation accelerates, many leading retail banks have stated that they expect to reduce their physical footprints even more, making Cardtronics ideally positioned to capitalize on the transformational changes occurring in retail consumer finance, concluded West.Second Quarter 2020 Financial Highlights:While the Company has recently seen transaction recoveries across its geographies, the second quarter results were significantly impacted by the COVID-19 pandemic largely due to shelter-in-place orders, which resulted in lower transaction levels. Total revenues of 233.2 million, down 31.6 from 340.8 million in the prior year, and down 30.5 on a constant-currency basis. ATM operating revenues of 222.8 million, down 31.0 from 323.1 million in the prior year, and down 29.9 on a constant-currency basis. GAAP Net Loss of 1.9 million, or 0.04 per diluted share, compared to Net Income of 10.5 million, or 0.22 per diluted share in the prior year. Adjusted Net Income per diluted share of 0.13 compared to 0.69 in the prior year. Adjusted EBITDA of 46.7 million, down 42.9 from 81.7 million in the prior year, and down 42.1 on a constant-currency basis. Adjusted EBITDA margin of 20.0 compared to 24.0 in the prior year. Cash flows from operating activities of 88.7 million compared to 77.0 million in the prior year driven by an increase in restricted cash and corresponding settlement liabilities. Adjusted free cash flow of 38.2 million compared to 50.1 million in the prior year.Recent Business Highlights: Continued to add new issuers to the Allpoint Network, including a new partnership with KeyBank, a top 20 U.S. retail debit issuer. The Allpoint Network now counts 7 of the top 20 retail banks as partners. New partnership with a leading Canadian grocer, Sobeys, to place over 500 ATMs. Allpoint agreements signed with 13 new partners, including a significant Fintech. Continued growth in bank branding, with new and expanded agreements to brand over 900 additional locations with 24 different partners in the U.S. New managed services agreement with Triodos Bank in Spain to fully outsource ATM operations at branch locations in major cities.See Disclosure of Non-GAAP Financial Information in this earnings release for definitions of Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income per diluted share may also be referred to by the Company as Adjusted EPS, Adjusted Free Cash Flow, Net Debt and certain other financial measures recognized under generally accepted accounting principles in the U.S. U.S. GAAP or GAAP and other non-GAAP measures that are used by management on a constant-currency basis. For additional information, including reconciliations to the most directly comparable GAAP measure, see the supplemental schedules of selected financial information in this earnings release.The Company may also refer to revenue or profit growth as being organic. When providing growth measures on an organic basis, the Company aims to exclude the estimated impact from any acquired or divested businesses that may be included or partially included in one period but not another. The Company may further adjust organic performance measures for the impacts of currency movements, in order to have a consistent performance comparison across periods for the business, excluding movements in exchange rates.Conference Call InformationThe Company will host a conference call today, August 6, at 4:00 p.m. Central Time 5:00 p.m. Eastern Time to provide a business update and near-term expectations and to discuss its financial results for the quarter ended June 30, 2020.To access the call, please call the conference call operator at 877 303-9205 or the alternate dial-in at 760 536-5226, 15 minutes prior to the scheduled start time, and request connection to the Cardtronics Second Quarter 2020 Earnings Conference Call. Additionally, a live audio webcast of the conference call will be available online through the investor relations section of Cardtronics website at detailed disclosures regarding the Companys quarterly performance and recent impacts of the COVID-19 pandemic have been included in the Earnings Supplement, which is available on the Companys website.A digital replay of the conference call will be available through Thursday, August 13, 2020, and can be accessed by calling 855 859-2056 or 404 537-3406 and entering 1662979 for the conference ID. A replay of the conference call will also be available online through the Companys website subsequent to the call through September 4, 2020. Prior to the conference call, the Company will post supplemental financial information to its website at Cardtronics Nasdaq: CATMCardtronics is the trusted leader in financial self-service, enabling cash transactions at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. Leveraging our unmatched scale, expertise and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics Allpoint Network, the worlds largest surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike.Contact Information Investor Relations Brad Conrad 832-308-4000 Relations Lisa Albiston 832-308-4000 For more information, please visit: Cautionary Statement Regarding Forward-Looking StatementsThis earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended and are intended to be covered by the safe harbor provisions thereof. Forward-looking statements can be identified by words such as project, believe, estimate, expect, future, anticipate, intend, contemplate, foresee, would, could, plan, and similar expressions that are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on managements current expectations and beliefs concerning future developments and their potential effect on the Company and there can be no assurance that future developments affecting the Company will be those that are anticipated. All comments concerning the Companys expectations for future revenues and operating results are based on its estimates for its existing operations and do not include the potential impact of any future acquisitions. The Companys forward-looking statements involve significant risks and uncertainties some of which are beyond its control and assumptions that could cause actual results to differ materially from its historical experience and present expectations or projections. Risk factors are described in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as updated by the Companys Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, and those set forth from time-to-time in other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements contained in this earnings release, which speak only as of the date of this earnings release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise. 