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 EVERTEC Reports Fourth Quarter and Full Year 2017 Results
   Wednesday, February 21, 2018 4:10:11 PM ET

EVERTEC, Inc. (EVTC ) ("EVERTEC" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2017.

Fourth Quarter 2017

-- Revenue decreased 2% to $99.6 million

-- GAAP Net Income attributable to common shareholders was $5.8 million, or $0.08 per diluted share

-- Adjusted EBITDA decreased 22% to $37.0 million

-- Adjusted earnings per common share was $0.24, or a 44% decline

Full Year 2017 Highlights

-- Revenue grew 5% to $407.1 million

-- GAAP Net Income attributable to common shareholders was $55.1 million, or $0.76 per diluted share



-- Adjusted EBITDA decreased 5% to $178.0 million

-- Adjusted earnings per common share was $1.47, or a 12% decline

-- $29 million returned to shareholders in share repurchases and dividends

Mac Schuessler, President and Chief Executive Officer, stated "We executed well in the fourth quarter and exceeded the high end of our full year 2017 revenue guidance range, as fourth quarter transaction volume was stronger than previously expected in Puerto Rico. Reflecting on 2017, we made significant progress on our core growth initiatives, including advancing our Latin American expansion strategy through acquisitions and recent customer wins."

Schuessler continued, "Looking to 2018, while the post-hurricane economy in Puerto Rico has improved, many uncertainties still remain and are reflected in our 2018 financial outlook. We will continue to work to restore our customers’ operations in Puerto Rico and remain committed to supporting our community as the Island rebuilds. At the same time, we are focused on capitalizing on our expanded opportunities in Latin America."

Fourth Quarter 2017 Results

Revenue. Total revenue for the quarter ended December 31, 2017 was $99.6 million, a decrease of 2% compared with $101.9 million in the prior year. The decrease in the quarter was driven primarily by the impact of reduced volumes caused by the significant hurricanes in the third quarter of 2017 partially offset by the acquisition of PayGroup.

Net Income attributable to common shareholders. For the quarter ended December 31, 2017, GAAP Net Income attributable to common shareholders was $5.8 million, or $0.08 per diluted share, compared with $16.0 million or $0.22 per diluted share in the prior year. The decline was primarily caused by the impact of the hurricanes.

Adjusted EBITDA. For the quarter ended December 31, 2017, Adjusted EBITDA was $37.0 million, a decrease of 22% compared to the prior year. The decrease in Adjusted EBITDA was primarily driven by reduced high margin revenues due to the hurricanes and a $5.0 million impairment charge on a multi-year software development project that was impacted by delays caused by the hurricane and projected increased costs with a third party vendor.

Adjusted Net Income. For the quarter ended December 31, 2017, Adjusted Net Income was $17.7 million, a decrease of 43% compared with $31.3 million in the prior year. Adjusted earnings per common share was $0.24, a decrease of 44% compared with $0.43 in the prior year. The results included the impact of an increased tax rate in our Latin American region and a higher than anticipated proportion of Puerto Rico taxable income outside our preferential tax decree.

Full Year 2017 Results

Revenue. Total revenue for the year ended December 31, 2017 was $407.1 million, an increase of 5% compared with $389.5 million in the prior year. The increase in revenues was driven by increases in ATH debit network transaction volumes and card processing volumes, revenue generated from the PayGroup acquisition, increased revenue from the Accuprint acquisition and an increase in core banking revenue. Revenues in 2017 were negatively impacted by the two hurricanes that made landfall in Puerto Rico and the Caribbean in September of 2017.

Net Income attributable to common shareholders. For the year ended December 31, 2017, GAAP Net Income attributable to common shareholders was $55.1 million , or $0.76 per diluted share, compared with $75.0 million or $1.01 per diluted share in the prior year. The decline was caused by the impact of the hurricanes, charges taken in connection with an exit activity for a third party software solution that is no longer commercially viable, an impairment loss related to a software asset under development, expenses attributable to the PayGroup acquisition, increased depreciation expense, and higher interest expense.

Adjusted EBITDA. For the year ended December 31, 2017, Adjusted EBITDA was $178.0 million, a decrease of 5% compared to the prior year. The decrease in Adjusted EBITDA was primarily driven by reduced high margin revenues due to the hurricanes and an impairment loss related to a software asset under development.

Adjusted Net Income. For the year ended December 31, 2017, Adjusted Net Income was $107.1 million, a decrease of 14% compared with $124.7 million in the prior year. Adjusted earnings per common share was $1.47, a decrease of 12% compared with $1.67 in the prior year. The decline was primarily caused by the impact of the hurricanes, increased depreciation, higher interest expense and an increased tax rate.

Segment Reporting Change

The Company realigned its operating segments in the quarter ended December 31, 2017. The Company’s operating segments are as follows: 1) Merchant Services 2) Payment Services (Puerto Rico and Caribbean) 3) Payment Services (Latin America) 4) Business Solutions. Additionally, the Corporate and Other category is presented and it consists of corporate overhead expenses, intersegment eliminations, certain leveraged activities and other non-operating and miscellaneous expenses that are not included in the operating segments. Historical results for the new operating segments for reported full-year 2015 through 2017 and quarterly periods for 2016 and 2017 are provided in a supplemental schedule attached to this release.

Share Repurchase

For the full year 2017, the Company repurchased a total of 0.5 million shares of common stock at an average price of $16.48 per share for a total of $7.7 million. As of December 31, 2017, a total of approximately $72.3 million remained available for future use under the Company’s share repurchase program.

2018 Outlook

The Company financial outlook for 2018 is as follows:

-- Total consolidated revenue between $411 million and $425 million representing growth of 1 to 5%

-- Adjusted earnings per common share guidance of $1.25 to $1.41 representing a range of -15 to -4% as compared to $1.47 in 2017

-- Capital expenditures ranging between $35 and $40 million

-- Effective tax rate ranging between 11 to 13%

Earnings Conference Call and Audio Webcast

The Company will host a conference call to discuss its Fourth quarter 2017 financial results today at 4:30 p.m. ET. Hosting the call will be Mac Schuessler, President and Chief Executive Officer, and Peter Smith, Executive Vice President and Chief Financial Officer. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be accessed by dialing (877) 344-7529 or (412) 317-0088 for international callers; the pin number is 10098091. The replay will be available through Wednesday, March 1, 2018. The call will be webcast live from the Company’s website at www.evertecinc.com under the Investor Relations section or directly at http://ir.evertecinc.com . A supplemental slide presentation that accompanies this call and webcast can be found on the investor relations website at ir.evertecinc.com and will remain available after the call.

About EVERTEC

EVERTEC, Inc. (EVTC ) is a leading full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. The Company manages a system of electronic payment networks that process approximately two billion transactions annually, and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. In addition, EVERTEC owns and operates the ATH(R) network, one of the leading personal identification number ("PIN") debit networks in Latin America. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with "mission-critical" technology solutions. For more information, visit www.evertecinc.com.

Use of Non-GAAP Financial Information

The non-GAAP measures referenced in this release material are supplemental measures of the Company’s performance and are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America ("GAAP"). They are not measurements of the Company’s financial performance under GAAP and should not be considered as alternatives to total revenue, net income or any other performance measures derived in accordance with GAAP or as alternatives to cash flows from operating activities, as indicators of operating performance or as measures of the Company’s liquidity. In addition to GAAP measures, management uses these non-GAAP measures to focus on the factors the Company believes are pertinent to the daily management of the Company’s operations and believes that they are also frequently used by analysts, investors and other interested parties to evaluate companies in the industry. Reconciliations of the non-GAAP measures to the most directly comparable GAAP measure are included in the schedules to this release. These non-GAAP measures include EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per common share and are defined below.

EBITDA is defined as earnings before interest, taxes, depreciation and amortization.

Adjusted EBITDA is defined as EBITDA further adjusted to exclude unusual items and other adjustments. This measure is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with Accounting Standards Codification 280, Segment Reporting, and is excluded from the definition of non-GAAP financial measures under the Securities and Exchange Commission’s Regulation G and Item 10(e) of Regulation S-K.

Adjusted Net Income is defined as net income adjusted to exclude unusual items and other adjustments

Adjusted Earnings per common share is defined as Adjusted Net Income divided by diluted shares outstanding

In addition, our presentation of Adjusted EBITDA is substantially consistent with the equivalent measurements that are contained in the senior secured credit facilities in testing EVERTEC Group’s compliance with covenants therein such as the senior secured leverage ratio. We use Adjusted Net Income to measure our overall profitability because we believe better reflects our comparable operating performance by excluding the impact of the non-cash amortization and depreciation that was created as a result of Apollo Global Management LLC’s acquisition of a 51% indirect ownership in EVERTEC Group. In addition, in evaluating EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per common share, you should be aware that in the future we may incur expenses such as those excluded in calculating them. Further, our presentation of these measures should not be construed as an inference that our future operating results will not be affected by unusual or nonrecurring items.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of EVERTEC to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by, or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," and "plans" and similar expressions of future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.

Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: the Company’s reliance on its relationship with Popular for a significant portion of revenue; our ability to renew our client contracts on terms favorable to us; the effectiveness of our risk management procedures; our dependence on our processing systems, technology infrastructure, security systems and fraudulent-payment-detection systems, and the risk that our systems may experience breakdowns or fail to prevent security breaches or fraudulent transfers; our ability to develop, install and adopt new technology; a decreased client base due to consolidations in the banking and financial-services industry; the credit risk of our merchant clients, for which we may also be liable; the continuing market position of the ATH(R) network; reduction in consumer confidence leading to decreased consumer spending; the Company’s dependence on credit card associations; regulatory limitations on our activities, including the potential need to seek regulatory approval to consummate transactions, due to our relationship with Popular and our role as a service provider to financial institutions; changes in the regulatory environment and changes in international, legal, tax, political, administrative or economic conditions; the geographical concentration of the Company’s business in Puerto Rico; operating an international business in multiple regions with potential political and economic instability; increased compliance risks associated with operating an international business; operating in countries and counterparties that put us at risk of violating U.S. sanctions laws; our ability to execute our expansion and acquisition strategies; our ability to protect our intellectual property rights; our ability to recruit and retain qualified personnel; our ability to comply with federal, state, and local regulatory requirements; evolving industry standards; the Company’s high level of indebtedness and restrictions contained in the Company’s debt agreements; and the Company’s ability to generate sufficient cash to service the Company’s indebtedness and to generate future profits.

Consideration should be given to the areas of risk described above, as well as those risks set forth under the headings "Forward-Looking Statements" and "Risk Factors" in the reports the Company files with the SEC from time to time, in connection with considering any forward-looking statements that may be made by the Company and its businesses generally. We undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.

                                                                                                                                                                                                                   
                                                                                                                                                                                                  EVERTEC, Inc.
                                                                                                                                                                           Schedule 1: Unaudited Consolidated Statements of Income and
                                                                                                                                                                                              Comprehensive Income
                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                 Quarter ended December 31,                                                                                                                                  Year ended December 31,
                                                                                                                                       ---------------------------------------------------------------------------------------------------------------                                          ----------------------------------------------------------------------------------------------------------------
(Dollar amounts in thousands, except per share data)                                                                                                  2017                                  2016                                                                         2017                                   2016
                                                                                                                                       ----------------------------------                                          -----------------------------------                                          -----------------------------------                                          -----------------------------------
Revenues                                                                                                                                   $ 99,628                                                 $ 101,889                                                 $ 407,144                                                 $ 389,507  
                                                                                                                                       ----- ------ --------------------                                           ----- ------- --------------------                                           ----- ------- --------------------                                           ----- ------- --------------------
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown                                                                           50,748                                                                       48,682                                                                      200,650                                                                      175,809
below
Selling, general and administrative expenses                                                                                                 16,130                                                                       12,760                                                                       56,161                                                                       46,986
Depreciation and amortization                                                                                                                16,061                                                    15,067                                                    64,250                                                    59,567  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
   Total operating costs and expenses                                                                                                        82,939                                                    76,509                                                   321,061                                                   282,362  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
Income from operations                                                                                                                       16,689                                                    25,380                                                    86,083                                                   107,145  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
Non-operating income (expenses)
Interest income                                                                                                                                 156                                                                          111                                                                          716                                                                          377
Interest expense                                                                                                                             (7,407 )                                                                     (6,325 )                                                                    (29,861 )                                                                    (24,617 )
Earnings (losses) of equity method investment                                                                                                   191                                                                            6                                                                          604                                                                          (52 )
Other income (expense), net                                                                                                                    (172 )                                                                     (1,203 )                                                                      2,657                                                       544  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
     Total non-operating expenses                                                                                                            (7,232 )                                                                     (7,411 )                                                                    (25,884 )                                                                    (23,748 )
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
Income before income taxes                                                                                                                    9,457                                                                       17,969                                                                       60,199                                                                       83,397
Income tax expense                                                                                                                            3,532                                                     1,955                                                     4,780                                                     8,271  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
   Net income                                                                                                                                 5,925                                                                       16,014                                                                       55,419                                                                       75,126
   Less: Net income attributable to non-controlling interest                                                                                     91                                                        41                                                       365                                                        90  
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
   Net income attributable to EVERTEC, Inc.’s common stockholders                                                  5,834                                                                       15,973                                                                       55,054                                                                       75,036
Other comprehensive income (loss), net of tax
   Foreign currency translation adjustments                                                                                                    (117 )                                                                       (740 )                                                                       (635 )                                                                     (3,360 )
   Gain (loss) on cash flow hedge                                                                                                             1,421                                                     3,015                                                     2,178                                                    (1,449 )
                                                                                                                                       ---------------------------------                                           ----------------------------------                                           ----------------------------------                                           ----------------------------------
   Total comprehensive income                                                                                                              $  7,138                                                 $  18,248                                                 $  56,597                                                 $  70,227  
                                                                                                                                       ===== ====== ====================                                           ===== ======= ====================                                           ===== ======= ====================                                           ===== ======= ====================
Net income per common share:
     Basic                                                                                                                                 $   0.08                                                                    $    0.22                                                                    $    0.76                                                                    $    1.01
     Diluted                                                                                                                               $   0.08                                                                    $    0.22                                                                    $    0.76                                                                    $    1.01
Shares used in computing net income per common share:
     Basic                                                                                                                               72,390,977                                                                   73,020,599                                                                   72,479,807                                                                   74,132,863
     Diluted                                                                                                                             72,857,756                                                                   73,563,167                                                                   72,872,188                                                                   74,473,369
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                       
                                                                                                              EVERTEC, Inc.
                                                                                            Schedule 2: Unaudited Consolidated Balance Sheets
                                                                                                                                                                                                     
(Dollar amounts in thousands)                                                                                                  December 31, 2017                                                              December 31, 2016
                                                                                                                     -------------------------------------                                          -------------------------------------
Assets
Current Assets:
   Cash and cash equivalents                                                                                               $  50,423                                                                      $  51,920
   Restricted cash                                                                                                             9,944                                                                          8,112
   Accounts receivable, net                                                                                                   83,328                                                                         77,803
   Prepaid expenses and other assets                                                                                          25,011                                                      20,430  
                                                                                                                     ------------------------------------                                           ------------------------------------
     Total current assets                                                                                                    168,706                                                                        158,265
Investment in equity investee                                                                                                 13,073                                                                         12,252
Property and equipment, net                                                                                                   37,924                                                                         38,930
Goodwill                                                                                                                     398,575                                                                        370,986
Other intangible assets, net                                                                                                 279,961                                                                        299,119
Other long-term assets                                                                                                         4,549                                                       6,110  
                                                                                                                     ------------------------------------                                           ------------------------------------
       Total assets                                                                                                        $ 902,788                                                   $ 885,662  
                                                                                                                     ======= ======= ====================                                           ======= ======= ====================
Liabilities and stockholders’ equity
Current Liabilities:
   Accrued liabilities                                                                                                     $  38,451                                                                      $  34,243
   Accounts payable                                                                                                           41,135                                                                         40,845
   Unearned income                                                                                                             7,737                                                                          4,531
   Income tax payable                                                                                                          1,406                                                                          1,755
   Current portion of long-term debt                                                                                          46,487                                                                         19,789
   Short-term borrowings                                                                                                      12,000                                                      28,000  
                                                                                                                     ------------------------------------                                           ------------------------------------
     Total current liabilities                                                                                               147,216                                                                        129,163
Long-term debt                                                                                                               557,251                                                                        599,667
Deferred tax liability                                                                                                        13,820                                                                         14,978
Unearned income--long-term                                                                                        23,486                                                                         17,303
Other long-term liabilities                                                                                                   13,039                                                      16,376  
                                                                                                                     ------------------------------------                                           ------------------------------------
       Total liabilities                                                                                                     754,812                                                                        777,487
Stockholders’ equity
     Preferred stock, par value $0.01; 2,000,000 shares authorized; none                                              --                                                                 --
     issued
                                                                                                                                 723                                                                            726
     Common stock, par value $0.01; 206,000,000 shares authorized;
     72,393,933
     shares issued and outstanding at December 31, 2017
     (December
     31, 2016 - 72,635,032)
                Additional paid-in capital                                                                                     5,350                                                                 --
     Accumulated earnings                                                                                                    148,887                                                                        116,341
     Accumulated other comprehensive loss, net of tax                                                                        (10,848 )                                                                      (12,391 )
                                                                                                                     ------------------------------------                                           ------------------------------------
       Total EVERTEC, Inc. stockholders’ equity                                                   144,112                                                                        104,676
     Non-controlling interest                                                                                                  3,864                                                       3,499  
                                                                                                                     ------------------------------------                                           ------------------------------------
       Total equity                                                                                                          147,976                                                     108,175  
                                                                                                                     ------------------------------------                                           ------------------------------------
       Total liabilities and equity                                                                                        $ 902,788                                                   $ 885,662  
                                                                                                                     ======= ======= ====================                                           ======= ======= ====================
                                                                                                                                                                                                                     
                                                                          
                                                                                                           EVERTEC, Inc.
                                                                                    Schedule 3: Unaudited Consolidated Statements of Cash Flows
                                                                                                                  
                                                                                                                                                             Years ended December 31,
                                                                                                                 -----------------------------------------------------------------------------------------------------------------
(Dollar amounts in thousands)                                                                                                    2017                                    2016
                                                                                                                 -------------------------------------                                          ----------------------------------
Cash flows from operating activities
Net income                                                                                                             $  55,419                                                                    $ 75,126
Adjustments to reconcile net income to net cash provided by
operating activities:
   Depreciation and amortization                                                                                          64,250                                                                      59,567
   Amortization of debt issue costs and accretion of discount                                                              5,128                                                                       4,334
   Loss on extinguishment of debt                                                                                 --                                                                       1,476
   Provision for doubtful accounts and sundry losses                                                                         843                                                                       1,990
   Deferred tax benefit                                                                                                   (4,306 )                                                                    (4,594 )
   Share-based compensation                                                                                                9,642                                                                       6,408
   Loss on impairment of software                                                                                         11,441                                                                       2,277
   Loss on disposition of property and equipment and other intangibles                                                       430                                                                         453
   (Earnings) losses of equity method investment                                                                            (604 )                                                                        52
   (Increase) decrease in assets:
      Accounts receivable                                                                                                 (2,099 )                                                                    (2,583 )
      Prepaid expenses and other assets                                                                                   (4,048 )                                                                    (1,426 )
      Other long-term assets                                                                                               1,654                                                                      (1,790 )
   Increase (decrease) in liabilities:
      Accounts payable and accrued liabilities                                                                              (870 )                                                                    14,594
      Income tax payable                                                                                                    (349 )                                                                       405
      Unearned income                                                                                                      8,444                                                                       8,018
      Other long-term liabilities                                                                                            811                                                    3,747  
                                                                                                                 ------------------------------------                                           ---------------------------------
         Total adjustments                                                                                                90,367                                                   92,928  
                                                                                                                 ------------------------------------                                           ---------------------------------
            Net cash provided by operating activities                                                                    145,786                                                  168,054  
                                                                                                                 ------------------------------------                                           ---------------------------------
Cash flows from investing activities
Net (increase) decrease in restricted cash                                                                                (1,832 )                                                                     3,705
Additions to software and purchase of customer relationship                                                              (22,174 )                                                                   (23,819 )
Acquisitions, net of cash acquired                                                                                       (42,836 )                                                                   (15,600 )
Property and equipment acquired                                                                                          (11,290 )                                                                   (18,450 )
Proceeds from sales of property and equipment                                                                                 32                                                       81  
                                                                                                                 ------------------------------------                                           ---------------------------------
            Net cash used in investing activities                                                                        (78,100 )                                                                   (54,083 )
                                                                                                                 ------------------------------------                                           ---------------------------------
Cash flows from financing activities
Proceeds from issuance of long-term debt                                                                          --                                                                      75,763
Debt issuance costs                                                                                               --                                                                      (4,830 )
Net (decrease) increase in short-term borrowings                                                                         (16,000 )                                                                    11,000
Repayments of borrowings for purchase of equipment and software                                                           (2,373 )                                                                    (2,213 )
Dividends paid                                                                                                           (21,762 )                                                                   (29,696 )
Withholding taxes paid on share-based compensation                                                                        (1,588 )                                                                      (548 )
Repurchase of common stock                                                                                                (7,671 )                                                                   (39,946 )
Repayment of long-term debt                                                                                              (19,789 )                                                                   (96,741 )
Credit amendment fees                                                                                             --                                                   (3,587 )
                                                                                                                 ------------------------------------                                           ---------------------------------
            Net cash used in financing activities                                                                        (69,183 )                                                                   (90,798 )
                                                                                                                 ------------------------------------                                           ---------------------------------
Net (decrease) increase in cash and cash equivalents                                                                      (1,497 )                                                                    23,173
Cash and cash equivalents at beginning of the period                                                                      51,920                                                   28,747  
                                                                                                                 ------------------------------------                                           ---------------------------------
Cash and cash equivalents at end of the period                                                                         $  50,423                                                 $ 51,920  
                                                                                                                 ======= ======= ====================                                           ===== ====== ====================
                                                                                                                                                                                                              
                                                 
                                                                                                                                                                                                                                     EVERTEC, Inc.
                                                                                                                                                                                                                                     Schedule 4: Unaudited Segment Information
                                                                                         
                                                                                                                                                                                                                                                                                            Quarter Ended December 31, 2017
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                         Payment                                  Payment                                 Merchant                                 Business                               Corporate                              Total
                                                                                                     Services -                                                                     Services -                                                                   Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                    Puerto Rico &                                                                  Latin America
                                                                                                      Caribbean
                                                                                        ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Revenues                                                                                      $  22,866                                                                      $  19,336                                                                      $  18,232                                                                      $  46,133                                                                   $ (6,939 )                                                                       $               99,628
Operating costs and expenses                                                                     17,759                                                                         19,520                                                                         11,028                                                                         28,776                                                                      5,856                                                                                         82,939
Depreciation and amortization                                                                     2,317                                                                          2,553                                                                            441                                                                          3,653                                                                      7,097                                                                                         16,061
Non-operating income (expenses)                                                                     553                                                       1,539                                              --                                                          10                                                  (2,083 )                                                                                           19
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                            7,977                                                       3,908                                                       7,645                                                      21,020                                                  (7,781 )                                                                                       32,769
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (1)                                                                     159                                                                            371                                                                            141                                                                            394                                                                      2,139                                                                                          3,204
  Transaction, refinancing and other fees (2)                                            --                                              --                                              --                                              --                                                   1,055                                                                       1,055
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                               $   8,136                                                   $   4,279                                                   $   7,786                                                   $  21,414                                                $ (4,587 )                                                                       $               37,028
                                                                                        ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $6.9 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement.
                                 
                                                                                                                                                                                                                                                    Quarter Ended December 31, 2016
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                       Payment                                Payment                                 Merchant                               Business                            Corporate                                Total
                                                                                                   Services -                                                                   Services -                                                                   Acquiring, net                                                                  Solutions                                                               and Other (1)
                                                                                                  Puerto Rico &                                                                Latin America
                                                                                                    Caribbean
                                                                                        ------------------------------                                             ----------------------------------                                             ----------------------------------                                             -----------------------------                                             ------------------------------                                             ---------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Revenues                                                                                   $ 25,680                                                                      $  12,438                                                                      $  23,111                                                                  $ 49,439                                                                   $ (8,779 )                                                                   $ 101,889
Operating costs and expenses                                                                 14,053                                                                         11,986                                                                         13,717                                                                    31,152                                                                      5,601                                                                        76,509
Depreciation and amortization                                                                 2,027                                                                          1,894                                                                            594                                                                     3,486                                                                      7,066                                                                        15,067
Non-operating income (expenses)                                                                 563                                                       1,155                                              --                                                     10                                                  (2,925 )                                                                      (1,197 )
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
EBITDA                                                                                       14,217                                                       3,501                                                       9,988                                                 21,783                                                 (10,239 )                                                                      39,250  
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
  Compensation and benefits (2)                                                                  59                                                                              8                                                                             63                                                                       146                                                                      2,173                                                                         2,449
  Transaction, refinancing and other fees (3)                                                 2,062                                              --                                              --                                                  2,167                                                   1,647                                                      5,876  
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
Adjusted EBITDA                                                                            $ 16,338                                                   $   3,509                                                   $  10,051                                               $ 24,096                                                $ (6,419 )                                                                   $  47,575  
                                                                                        ==== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           === ====== ====================                                           ==== ====== ====================                                           ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.8 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results, certain fees paid to resolve a
                                software maintenance contract mater, fees paid in connection with
                                the debt refinancing and a software impairment charge.
                                 
                                                                                                                                                                                                                                                       Year Ended December 31, 2017
                                                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                                       Payment                              Payment                             Merchant                               Business                                Corporate                            Total
                                                                                                                   Services -                                                                 Services -                                                               Acquiring, net                                                                  Solutions                                                                   and Other (1)
                                                                                                                  Puerto Rico &                                                              Latin America
                                                                                                                    Caribbean
                                                                                                       -------------------------------                                             ------------------------------                                             ------------------------------                                             ----------------------------------                                             -------------------------------                        ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Revenues                                                                                                  $ 101,687                                                                   $ 62,702                                                                   $ 85,778                                                                      $ 189,077                                                                   $ (32,100 )                                                  $              407,144
Operating costs and expenses                                                                                 57,463                                                                     66,786                                                                     57,574                                                                        119,761                                                                      19,477                                                                   321,061
Depreciation and amortization                                                                                 8,993                                                                      8,880                                                                      2,254                                                                         15,774                                                                      28,349                                                                    64,250
Non-operating income (expenses)                                                                               2,229                                                   8,726                                                       1                                                          13                                                   (7,708 )                                                                   3,261
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                      --------------------------------
EBITDA                                                                                                       55,446                                                  13,522                                                  30,459                                                      85,103                                                  (30,936 )                                                                 153,594
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                      --------------------------------
  Compensation and benefits (2)                                                                                 589                                                                        816                                                                        573                                                                          1,687                                                                       6,090                                                                     9,755
  Transaction, refinancing, exit activity and other fees (3)                                                  2,499                                                   3,220                                                   6,465                                              --                                                    2,495                                                 14,679
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                      --------------------------------
Adjusted EBITDA                                                                                           $  58,534                                                $ 17,558                                                $ 37,497                                                   $  86,790                                                $ (22,351 )                                                  $              178,028
                                                                                                       ==== ======= ====================                                           ==== ====== ====================                                           ==== ====== ====================                                           ======= ======= ====================                                           ==== ======= ====================                      ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $32.1 million processing fee from Payments Services - Puerto Rico
                                and Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and an impairment
                                charge and contractual fee accrual for a third party software
                                solution that was determined to be commercially unviable.
                                 
                                                                                                                                                                                                                                                     Year Ended December 31, 2016
                                                                                         ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                        Payment                                Payment                                 Merchant                               Business                              Corporate                              Total
                                                                                                    Services -                                                                   Services -                                                                   Acquiring, net                                                                  Solutions                                                                 and Other (1)
                                                                                                   Puerto Rico &                                                                Latin America
                                                                                                     Caribbean
                                                                                         ------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             -------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Revenues                                                                                    $ 99,680                                                                      $  47,162                                                                      $  91,248                                                                  $ 184,276                                                                   $ (32,859 )                                                                       $              389,507
Operating costs and expenses                                                                  49,128                                                                         45,304                                                                         52,771                                                                    113,082                                                                      22,077                                                                                        282,362
Depreciation and amortization                                                                  7,597                                                                          7,285                                                                          2,672                                                                     13,783                                                                      28,230                                                                                         59,567
Non-operating income (expenses)                                                                2,238                                                       5,584                                              --                                                      24                                                   (7,354 )                                                                                          492
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
EBITDA                                                                                        60,387                                                      14,727                                                      41,149                                                  85,001                                                  (34,060 )                                                                                      167,204
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                  637                                                                            627                                                                            480                                                                      1,961                                                                       6,777                                                                                         10,482
  Transaction, refinancing, and other fees (3)                                                 2,062                                              --                                              --                                                   2,277                                                    5,650                                                                       9,989
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
Adjusted EBITDA                                                                             $ 63,086                                                   $  15,354                                                   $  41,629                                               $  89,239                                                $ (21,633 )                                                                       $              187,675
                                                                                         ==== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           === ======= ====================                                           ==== ======= ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $32.9 million processing fee from Payments Services - Puerto Rico
                                and Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results, certain fees paid to resolve a
                                software maintenance contract mater, fees paid in connection with
                                the debt refinancing and a software impairment charge.
                                 
                                                                                                                                                                                        
                                                                                                                                                                                      EVERTEC, Inc.
                                                                                                                                                            Schedule 5: Reconciliation of GAAP to Non-GAAP Operating Results
                                                                                                                                                                                                                                                                      
                                                                                                                                                    Quarter ended December 31,                                                                                                                                      Year ended December 31,
                                                                                                       --------------------------------------------------------------------------------------------------------------------                                          --------------------------------------------------------------------------------------------------------------------
(Dollar amounts in thousands, except share data)                                                                       2017                                     2016                                                                           2017                                     2016
                                                                                                       -------------------------------------                                          -------------------------------------                                          -------------------------------------                                          -------------------------------------
Net income                                                                                                   $   5,925                                                                      $  16,014                                                                      $  55,419                                                                      $  75,126
Income tax expense                                                                                               3,532                                                                          1,955                                                                          4,780                                                                          8,271
Interest expense, net                                                                                            7,251                                                                          6,214                                                                         29,145                                                                         24,240
Depreciation and amortization                                                                                   16,061                                                      15,067                                                      64,250                                                      59,567  
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------
   EBITDA                                                                                                       32,769                                                                         39,250                                                                        153,594                                                                        167,204
Software maintenance reimbursement and other costs(1)                                                   --                                                                 --                                                                                                                                                           521
Equity (income) loss(2)                                                                                           (191 )                                                                           (6 )                                                                         (604 )                                                                           52
Compensation and benefits (3)                                                                                    3,204                                                                          2,449                                                                          9,755                                                                         10,482
Transaction, refinancing and other fees (4)                                                                      1,246                                                                          5,882                                                                          2,500                                                                          7,579
Exit activity (5)                                                                                       --                                                                 --                                                                         12,783                                                                 --
Restatement related expenses (6)                                                                        --                                              --                                              --                                                       1,837  
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------
   Adjusted EBITDA                                                                                              37,028                                                                         47,575                                                                        178,028                                                                        187,675
Operating depreciation and amortization (7)                                                                     (7,459 )                                                                       (7,302 )                                                                      (30,585 )                                                                      (28,468 )
Cash interest expense, net (8)                                                                                  (6,422 )                                                                       (5,137 )                                                                      (24,660 )                                                                      (20,468 )
Income tax expense (9)                                                                                          (5,264 )                                                                       (3,748 )                                                                      (15,100 )                                                                      (13,752 )
Non-controlling interest (10)                                                                                     (150 )                                                                          (89 )                                                                         (581 )                                                                         (258 )
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------
   Adjusted Net Income                                                                                       $  17,733                                                   $  31,299                                                   $ 107,102                                                   $ 124,729  
                                                                                                       ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================
Net income per common share (GAAP):
     Diluted                                                                                                 $    0.08                                                                      $    0.22                                                                      $    0.76                                                                      $    1.01
Adjusted earnings per common share (Non-GAAP):
     Diluted                                                                                                 $    0.24                                                                      $    0.43                                                                      $    1.47                                                                      $    1.67
Shares used in computing adjusted earnings per common share:
     Diluted                                                                                                72,857,786                                                                     73,563,167                                                                     72,872,188                                                                     74,473,369
                                                                                                                                                                                                                                                                                                                                                                     
________________________________
       (1)   Predominantly represents reimbursements received for certain
                                software maintenance expenses as part of the Merger.
       (2)                      Represents the elimination of non-cash equity earnings from our
                                19.99% equity investment in Dominican Republic, Consorcio de
                                Tarjetas Dominicanas, S.A. ("CONTADO").
       (3)                      Primarily represents share-based compensation and other compensation
                                expense of $3.1 million and $1.8 million for the quarters ended
                                December 31, 2017 and 2016 and severance payments $0.6 million for
                                the quarter ended December 31, 2016. For the year ended December 31,
                                2017 and 2016 primarily represents share-based compensation and
                                other compensation expense of $9.6 million and $6.7 million,
                                respectively, and severance payments of $4.1 million for the year
                                ended December 31, 2016.
       (4)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement, recorded as part of
                                selling, general and administrative expense and cost of revenues, as
                                well as relief contributions related to the Hurricanes.
       (5)                      Impairment charge and contractual fees accrual for a third party
                                software solution that was determined to be commercially unviable.
       (6)                      Represents consulting, audit and legal expenses incurred as part of
                                the restatement.
       (7)                      Represents operating depreciation and amortization expense, which
                                excludes amounts generated as a result of the Merger and other from
                                purchase accounting intangibles generated from acquisitions.
       (8)                      Represents interest expense, less interest income, as they appear on
                                our consolidated statements of income and comprehensive income,
                                adjusted to exclude non-cash amortization of the debt issue costs,
                                premium and accretion of discount.
       (9)                      Represents income tax expense calculated on adjusted pre-tax income
                                using the applicable GAAP tax rate.
      (10)                      Represents the 35% non-controlling equity interest in Processa, net
                                of amortization for intangibles created as part of the purchase.
                                 
                                                                                                              
                                                                                                                                            EVERTEC, Inc.
                                                                                                                     Schedule 6: Outlook Summary and Reconciliation to Non-GAAP
                                                                                                                                     Adjusted Earnings per Share
                                                                                                                                                                                                                                                                                    2017
                                                                                                                                                              2018 Outlook                                                                                                         Actual
                                                                                                           ------------------------------------------------------------------------------------------------------------------                                          ------------------------------
(Dollar amounts in millions, except per share data)
Revenues                                                                                                     $  411                                                to                                             $  425                                                 $  407
Earnings per Share (EPS) (GAAP)                                                                              $ 0.60                                                to                                             $ 0.76                                                 $ 0.76
Per share adjustment to reconcile GAAP EPS to Non-GAAP
Adjusted EPS:
----------------------------------------------------------------
Share-based comp, non-cash equity earnings and other (1)                                                       0.21                                                                                                 0.21                                                   0.33
Merger and acquisition related depreciation and amortization (2)                                               0.47                                                                                                 0.47                                                   0.42
Non-cash interest expense (3)                                                                                  0.06                                                                                                 0.06                                                   0.07
Tax effect of non-gaap adjustments (4)                                                                        (0.08 )                                                                                              (0.08 )                                                (0.10 )
Non-controlling interest (5)                                                                                  (0.01 )                                                                                              (0.01 )                                                (0.01 )
                                                                                                           ------------                                                                                         ------------                                           -----------------------------
   Total adjustments                                                                                           0.65                                                                                                 0.65                                                   0.71
Adjusted EPS (Non-GAAP)                                                                                      $ 1.25                                                to                                             $ 1.41                                                 $ 1.47
Shares used in computing adjusted earnings per common share                                                                                                                                                         73.5                                                   72.9
                                                                                                                                                                                                                                                                                 
________________________________
       (1)   Represents share based compensation, the elimination of non-cash
                                equity earnings from our 19.99% equity investment in CONTADO,
                                severance and other adjustments to reconcile GAAP EPS to Non-GAAP
                                EPS.
       (2)                      Represents depreciation and amortization expenses amounts generated
                                as a result of the Merger and intangibles related to acquisitions.
       (3)                      Represents non-cash amortization of the debt issue costs, premium
                                and accretion of discount.
       (4)                      Represents income tax expense on non-GAAP adjustments using the
                                applicable GAAP tax rate (in an anticipated range of 11 to 13%).
       (5)                      Represents the 35% non-controlling equity interest in Processa, net
                                of amortization for intangibles created as part of the purchase.
                                 
                                                                                                                                                                                                                                     EVERTEC, Inc.
                                                                                                                                                                                                                                     Schedule 7: Supplemental Segment Information
 
                                                                                                                                                                                                                                                      Quarter Ended March 31, 2017
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                       Payment                               Payment                                Merchant                                 Business                               Corporate                                Total
                                                                                                   Services -                                                                  Services -                                                                  Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                  Puerto Rico &                                                               Latin America
                                                                                                    Caribbean
                                                                                        ------------------------------                                             --------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ---------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Revenues                                                                                   $ 26,452                                                                     $ 12,964                                                                      $  22,485                                                                      $  47,997                                                                   $ (8,618 )                                                                   $ 101,280
Operating costs and expenses                                                                 11,802                                                                       12,266                                                                         13,413                                                                         29,765                                                                      3,442                                                                        70,688
Depreciation and amortization                                                                 2,149                                                                        1,871                                                                            599                                                                          4,014                                                                      7,051                                                                        15,684
Non-operating income (expenses)                                                                 553                                                     2,731                                                           1                                              --                                                  (1,868 )                                                                       1,417  
                                                                                        --------------------------------                                           ----------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           -----------------------------------
EBITDA                                                                                       17,352                                                     5,300                                                       9,672                                                      22,246                                                  (6,877 )                                                                      47,693  
                                                                                        --------------------------------                                           ----------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           -----------------------------------
  Compensation and benefits (2)                                                                  99                                                                          151                                                                             95                                                                            226                                                                      1,505                                                                         2,076
  Transaction, refinancing and other fees (3)                                                  (660 )                                                                                                                         --                                              --                                                      50                                                       (610 )
                                                                                        --------------------------------                                           -----------------------------------                                          ------------------------------------                                           ------------------------------------                                           --------------------------------                                           -----------------------------------
Adjusted EBITDA                                                                            $ 16,791                                                  $  5,451                                                   $   9,767                                                   $  22,472                                                $ (5,322 )                                                                   $  49,159  
                                                                                        ==== ====== ====================                                           ====== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.6 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement.
                                 
                                                                                                                                                                                                                                                       Quarter Ended June 30, 2017
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                         Payment                                 Payment                                Merchant                                 Business                               Corporate                              Total
                                                                                                     Services -                                                                    Services -                                                                  Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                    Puerto Rico &                                                                 Latin America
                                                                                                      Caribbean
                                                                                        ----------------------------------                                             --------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
Revenues                                                                                      $  27,144                                                                     $ 12,973                                                                      $  23,506                                                                      $  48,672                                                                   $ (8,784 )                                                                       $              103,511
Operating costs and expenses                                                                     11,682                                                                       13,603                                                                         13,688                                                                         29,600                                                                      4,944                                                                                         73,517
Depreciation and amortization                                                                     2,269                                                                        1,848                                                                            596                                                                          4,082                                                                      7,104                                                                                         15,899
Non-operating income (expenses)                                                                     556                                                     2,724                                              --                                                           3                                                  (1,805 )                                                                                        1,478
                                                                                        ------------------------------------                                           ----------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                           18,287                                                     3,942                                                      10,414                                                      23,157                                                  (8,429 )                                                                                       47,371
                                                                                        ------------------------------------                                           ----------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                     125                                                                          156                                                                            121                                                                            286                                                                      1,439                                                                                          2,127
  Transaction, refinancing and other fees (3)                                            --                                                                                                                                                                    --                                                     632                                                                         632
                                                                                        ------------------------------------                                           -----------------------------------                                          -------------------------------------                                          ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                               $  18,412                                                  $  4,098                                                   $  10,535                                                   $  23,443                                                $ (6,358 )                                                                       $               50,130
                                                                                        ======= ======= ====================                                           ====== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.8 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement.
                                 
                                                                                                                                                                                                                                                                Quarter Ended September 30, 2017
                                                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                                      Payment                              Payment                               Merchant                                 Business                               Corporate                              Total
                                                                                                                  Services -                                                                 Services -                                                                 Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                                 Puerto Rico &                                                              Latin America
                                                                                                                   Caribbean
                                                                                                       ------------------------------                                             ------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Revenues                                                                                                  $ 25,225                                                                   $ 17,432                                                                      $  21,555                                                                      $  46,275                                                                   $ (7,762 )                                                                       $              102,725
Operating costs and expenses                                                                                16,219                                                                     21,396                                                                         19,444                                                                         31,620                                                                      5,238                                                                                         93,917
Depreciation and amortization                                                                                2,259                                                                      2,608                                                                            618                                                                          4,024                                                                      7,097                                                                                         16,606
Non-operating income (expenses)                                                                                567                                                   1,732                                              --                                              --                                                  (1,952 )                                                                                          347
                                                                                                       --------------------------------                                           --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                                      11,832                                                     376                                                       2,729                                                      18,679                                                  (7,855 )                                                                                       25,761
                                                                                                       --------------------------------                                           --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                                205                                                                        139                                                                            216                                                                            781                                                                      1,007                                                                                          2,348
  Transaction, refinancing, exit activity and other fees (3)                                                 3,160                                                   3,221                                                       6,464                                              --                                                     757                                                                      13,602
                                                                                                       --------------------------------                                           --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                                           $ 15,197                                                $  3,736                                                   $   9,409                                                   $  19,460                                                $ (6,091 )                                                                       $               41,711
                                                                                                       ==== ====== ====================                                           ==== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $7.8 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and an impairment
                                charge and contractual fee accrual for a third party software
                                solution that was determined to be commercially unviable.
                                 
                                                                                                                                                                                                                                                      Quarter Ended December 31, 2017
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                         Payment                                  Payment                                 Merchant                                 Business                               Corporate                              Total
                                                                                                     Services -                                                                     Services -                                                                   Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                    Puerto Rico &                                                                  Latin America
                                                                                                      Caribbean
                                                                                        ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Revenues                                                                                      $  22,866                                                                      $  19,336                                                                      $  18,232                                                                      $  46,133                                                                   $ (6,939 )                                                                       $               99,628
Operating costs and expenses                                                                     17,759                                                                         19,520                                                                         11,028                                                                         28,776                                                                      5,856                                                                                         82,939
Depreciation and amortization                                                                     2,317                                                                          2,553                                                                            441                                                                          3,653                                                                      7,097                                                                                         16,061
Non-operating income (expenses)                                                                     553                                                       1,539                                              --                                                          10                                                  (2,083 )                                                                                           19
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                            7,977                                                       3,908                                                       7,645                                                      21,020                                                  (7,781 )                                                                                       32,769
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (1)                                                                     159                                                                            371                                                                            141                                                                            394                                                                      2,139                                                                                          3,204
  Transaction, refinancing and other fees (2)                                            --                                              --                                              --                                              --                                                   1,055                                                                       1,055
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                               $   8,136                                                   $   4,279                                                   $   7,786                                                   $  21,414                                                $ (4,587 )                                                                       $               37,028
                                                                                        ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $6.9 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement.
                                 
                                                                                                                                                                                                                                                                 Year Ended December 31, 2017
                                                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                                       Payment                              Payment                             Merchant                               Business                                Corporate                              Total
                                                                                                                   Services -                                                                 Services -                                                               Acquiring, net                                                                  Solutions                                                                   and Other (1)
                                                                                                                  Puerto Rico &                                                              Latin America
                                                                                                                    Caribbean
                                                                                                       -------------------------------                                             ------------------------------                                             ------------------------------                                             ----------------------------------                                             -------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
Revenues                                                                                                  $ 101,687                                                                   $ 62,702                                                                   $ 85,778                                                                      $ 189,077                                                                   $ (32,100 )                                                                       $              407,144
Operating costs and expenses                                                                                 57,463                                                                     66,786                                                                     57,574                                                                        119,761                                                                      19,477                                                                                        321,061
Depreciation and amortization                                                                                 8,993                                                                      8,880                                                                      2,254                                                                         15,774                                                                      28,349                                                                                         64,250
Non-operating income (expenses)                                                                               2,229                                                   8,726                                                       1                                                          13                                                   (7,708 )                                                                                        3,261
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                                           --------------------------------
EBITDA                                                                                                       55,446                                                  13,522                                                  30,459                                                      85,103                                                  (30,936 )                                                                                      153,594
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                                 589                                                                        816                                                                        573                                                                          1,687                                                                       6,090                                                                                          9,755
  Transaction, refinancing, exit activity and other fees (3)                                                  2,499                                                   3,220                                                   6,465                                              --                                                    2,495                                                                      14,679
                                                                                                       ---------------------------------                                           --------------------------------                                           --------------------------------                                           ------------------------------------                                           ---------------------------------                                           --------------------------------
Adjusted EBITDA                                                                                           $  58,534                                                $ 17,558                                                $ 37,497                                                   $  86,790                                                $ (22,351 )                                                                       $              178,028
                                                                                                       ==== ======= ====================                                           ==== ====== ====================                                           ==== ====== ====================                                           ======= ======= ====================                                           ==== ======= ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $32.1 million processing fee from Payments Services - Puerto Rico
                                and Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and an impairment
                                charge and contractual fee accrual for a third party software
                                solution that was determined to be commercially unviable.
                                 
                                                                                                                                                                                                                                                                    Quarter Ended March 31, 2016
                                                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                                        Payment                                  Payment                                 Merchant                               Business                            Corporate                              Total
                                                                                                                    Services -                                                                     Services -                                                                   Acquiring, net                                                                  Solutions                                                               and Other (1)
                                                                                                                   Puerto Rico &                                                                  Latin America
                                                                                                                     Caribbean
                                                                                                       ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             -----------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Revenues                                                                                                     $  24,828                                                                      $  10,171                                                                      $  22,890                                                                  $ 45,154                                                                   $ (7,564 )                                                                       $               95,479
Operating costs and expenses                                                                                    12,001                                                                         10,664                                                                         12,616                                                                    28,299                                                                      5,333                                                                                         68,913
Depreciation and amortization                                                                                    1,879                                                                          1,621                                                                            689                                                                     3,375                                                                      7,106                                                                                         14,670
Non-operating income (expenses)                                                                                    581                                                       1,186                                              --                                                     (3 )                                                                   (1,496 )                                                                                          268
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                                          15,287                                                       2,314                                                      10,963                                                 20,227                                                  (7,287 )                                                                                       41,504
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                                    369                                                                            400                                                                            238                                                                     1,103                                                                      1,571                                                                                          3,681
  Transaction, refinancing, exit activity and other fees (3)                                            --                                              --                                              --                                                    110                                                     750                                                                         860
                                                                                                       ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                                              $  15,656                                                   $   2,714                                                   $  11,201                                               $ 21,440                                                $ (4,966 )                                                                       $               46,045
                                                                                                       ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           === ====== ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $7.6 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results.
                                 
                                                                                                                                                                                                                                                        Quarter Ended June 30, 2016
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                         Payment                                  Payment                                 Merchant                                 Business                               Corporate                              Total
                                                                                                     Services -                                                                     Services -                                                                   Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                    Puerto Rico &                                                                  Latin America
                                                                                                      Caribbean
                                                                                        ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Revenues                                                                                      $  25,182                                                                      $  11,608                                                                      $  23,277                                                                      $  45,737                                                                   $ (8,132 )                                                                       $               97,672
Operating costs and expenses                                                                     11,577                                                                         10,705                                                                         12,934                                                                         27,845                                                                      6,419                                                                                         69,480
Depreciation and amortization                                                                     1,912                                                                          1,881                                                                            704                                                                          3,502                                                                      6,942                                                                                         14,941
Non-operating income (expenses)                                                                     529                                                       1,848                                              --                                                           5                                                  (1,493 )                                                                                          889
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                           16,046                                                       4,632                                                      11,047                                                      21,399                                                  (9,102 )                                                                                       44,022
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                     154                                                                            144                                                                            121                                                                            489                                                                      1,351                                                                                          2,259
  Transaction, refinancing and other fees (3)                                            --                                              --                                              --                                              --                                                   2,558                                                                       2,558
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                               $  16,200                                                   $   4,776                                                   $  11,168                                                   $  21,888                                                $ (5,193 )                                                                       $               48,839
                                                                                        ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.1 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results.
                                 
                                                                                                                                                                                                                                                     Quarter Ended September 30, 2016
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                         Payment                                  Payment                                 Merchant                                 Business                               Corporate                              Total
                                                                                                    Processing -                                                                    Services -                                                                   Acquiring, net                                                                    Solutions                                                                  and Other (1)
                                                                                                    Puerto Rico &                                                                  Latin America
                                                                                                      Caribbean
                                                                                        ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Revenues                                                                                      $  23,990                                                                      $  12,944                                                                      $  21,970                                                                      $  43,947                                                                   $ (8,384 )                                                                       $               94,467
Operating costs and expenses                                                                     11,497                                                                         11,951                                                                         13,504                                                                         25,786                                                                      4,722                                                                                         67,460
Depreciation and amortization                                                                     1,779                                                                          1,889                                                                            685                                                                          3,420                                                                      7,116                                                                                         14,889
Non-operating income (expenses)                                                                     565                                                       1,396                                              --                                                          13                                                  (1,442 )                                                                                          532
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
EBITDA                                                                                           14,837                                                       4,278                                                       9,151                                                      21,594                                                  (7,432 )                                                                                       42,428
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                      57                                                                             74                                                                             58                                                                            223                                                                      1,591                                                                                          2,003
  Transaction, refinancing and other fees (3)                                            --                                              --                                              --                                              --                                                     714                                                                         714
                                                                                        ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           --------------------------------
Adjusted EBITDA                                                                               $  14,894                                                   $   4,352                                                   $   9,209                                                   $  21,817                                                $ (5,127 )                                                                       $               45,145
                                                                                        ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           ==== ====== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.4 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results.
                                 
                                                                                                                                                                                                                                                    Quarter Ended December 31, 2016
                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                       Payment                                Payment                                 Merchant                               Business                            Corporate                                Total
                                                                                                   Services -                                                                   Services -                                                                   Acquiring, net                                                                  Solutions                                                               and Other (1)
                                                                                                  Puerto Rico &                                                                Latin America
                                                                                                    Caribbean
                                                                                        ------------------------------                                             ----------------------------------                                             ----------------------------------                                             -----------------------------                                             ------------------------------                                             ---------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Revenues                                                                                   $ 25,680                                                                      $  12,438                                                                      $  23,111                                                                  $ 49,439                                                                   $ (8,779 )                                                                   $ 101,889
Operating costs and expenses                                                                 14,053                                                                         11,986                                                                         13,717                                                                    31,152                                                                      5,601                                                                        76,509
Depreciation and amortization                                                                 2,027                                                                          1,894                                                                            594                                                                     3,486                                                                      7,066                                                                        15,067
Non-operating income (expenses)                                                                 563                                                       1,155                                              --                                                     10                                                  (2,925 )                                                                      (1,197 )
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
EBITDA                                                                                       14,217                                                       3,501                                                       9,988                                                 21,783                                                 (10,239 )                                                                      39,250  
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
  Compensation and benefits (2)                                                                  59                                                                              8                                                                             63                                                                       146                                                                      2,173                                                                         2,449
  Transaction, refinancing and other fees (3)                                                 2,062                                              --                                              --                                                  2,167                                                   1,647                                                      5,876  
                                                                                        --------------------------------                                           ------------------------------------                                           ------------------------------------                                           -------------------------------                                           --------------------------------                                           -----------------------------------
Adjusted EBITDA                                                                            $ 16,338                                                   $   3,509                                                   $  10,051                                               $ 24,096                                                $ (6,419 )                                                                   $  47,575  
                                                                                        ==== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           === ====== ====================                                           ==== ====== ====================                                           ====== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $8.8 million processing fee from Payments Services - Puerto Rico and
                                Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results, certain fees paid to resolve a
                                software maintenance contract mater, fees paid in connection with
                                the debt refinancing and a software impairment charge.
                                 
                                                                                                                                                                                                                                                     Year Ended December 31, 2016
                                                                                         ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                        Payment                                Payment                                 Merchant                               Business                              Corporate                              Total
                                                                                                    Services -                                                                   Services -                                                                   Acquiring, net                                                                  Solutions                                                                 and Other (1)
                                                                                                   Puerto Rico &                                                                Latin America
                                                                                                     Caribbean
                                                                                         ------------------------------                                             ----------------------------------                                             ----------------------------------                                             ------------------------------                                             -------------------------------                                             ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Revenues                                                                                    $ 99,680                                                                      $  47,162                                                                      $  91,248                                                                  $ 184,276                                                                   $ (32,859 )                                                                       $              389,507
Operating costs and expenses                                                                  49,128                                                                         45,304                                                                         52,771                                                                    113,082                                                                      22,077                                                                                        282,362
Depreciation and amortization                                                                  7,597                                                                          7,285                                                                          2,672                                                                     13,783                                                                      28,230                                                                                         59,567
Non-operating income (expenses)                                                                2,238                                                       5,584                                              --                                                      24                                                   (7,354 )                                                                                          492
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
EBITDA                                                                                        60,387                                                      14,727                                                      41,149                                                  85,001                                                  (34,060 )                                                                                      167,204
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
  Compensation and benefits (2)                                                                  637                                                                            627                                                                            480                                                                      1,961                                                                       6,777                                                                                         10,482
  Transaction, refinancing, and other fees (3)                                                 2,062                                              --                                              --                                                   2,277                                                    5,650                                                                       9,989
                                                                                         --------------------------------                                           ------------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                                           --------------------------------
Adjusted EBITDA                                                                             $ 63,086                                                   $  15,354                                                   $  41,629                                               $  89,239                                                $ (21,633 )                                                                       $              187,675
                                                                                         ==== ====== ====================                                           ======= ======= ====================                                           ======= ======= ====================                                           === ======= ====================                                           ==== ======= ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $32.9 million processing fee from Payments Services - Puerto Rico
                                and Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement and consulting,
                                audit and legal expenses incurred as part of the prior year
                                restatement of financial results, certain fees paid to resolve a
                                software maintenance contract mater, fees paid in connection with
                                the debt refinancing and a software impairment charge.
                                 
                                                                                                                                                                                                                                     Year Ended December 31, 2015
                                                                                         ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In thousands)                                                                                        Payment                              Payment                               Merchant                               Business                              Corporate                        Total
                                                                                                    Services -                                                                 Services -                                                                 Acquiring, net                                                                  Solutions                                                                 and Other (1)
                                                                                                   Puerto Rico &                                                              Latin America
                                                                                                     Caribbean
                                                                                         ------------------------------                                             ------------------------------                                             ----------------------------------                                             ------------------------------                                             -------------------------------                        -----------------------
Revenues                                                                                    $ 99,311                                                                   $ 37,523                                                                      $  85,411                                                                  $ 179,532                                                                   $ (28,249 )                                           $              373,528
Operating costs and expenses                                                                  48,853                                                                     35,790                                                                         42,804                                                                    117,079                                                                      25,642                                                            270,168
Depreciation and amortization                                                                  7,488                                                                      5,766                                                                          1,438                                                                     16,128                                                                      34,154                                                             64,974
Non-operating income (expenses)                                                                2,909                                                   4,147                                              --                                                     428                                                   (5,031 )                                                            2,453
                                                                                         --------------------------------                                           --------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                      -------------------------
EBITDA                                                                                        60,855                                                  11,646                                                      44,045                                                  79,009                                                  (24,768 )                                                          170,787
                                                                                         --------------------------------                                           --------------------------------                                           ------------------------------------                                           --------------------------------                                           ---------------------------------                      -------------------------
  Compensation and benefits (2)                                                                1,420                                                                        132                                                                          1,361                                                                      4,044                                                                       5,280                                                             12,237
  Transaction, refinancing, and other fees (3)                                              $     22                                                $     22                                                   $      41                                               $     139                                                $   2,928                          $                3,152
                                                                                         ---- ------ --------------------                                           ---- ------ --------------------                                           ------- ------- --------------------                                           --- ------- --------------------                                           ---- ------- --------------------                      --- --------------------
Adjusted EBITDA                                                                             $ 62,297                                                $ 11,800                                                   $  45,447                                               $  83,192                                                $ (16,560 )                                           $              186,176
                                                                                         ==== ====== ====================                                           ==== ====== ====================                                           ======= ======= ====================                                           === ======= ====================                                           ==== ======= ====================                      === ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
________________________________
       (1)   Corporate and Other consists of corporate overhead, certain
                                leveraged activities, other non-operating expenses and intersegment
                                eliminations. Intersegment eliminations predominantly reflect the
                                $28.2 million processing fee from Payments Services - Puerto Rico
                                and Caribbean to Merchant Acquiring and cost transfer fees from
                                Corporate and Other to Payment Services Latin America for leveraged
                                services and management fees.
       (2)                      Primarily represents share-based compensation, other compensation
                                expense and severance payments.
       (3)                      Primarily represents fees and expenses associated with corporate
                                transactions as defined in the Credit Agreement.
                                 

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20180221006216r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20180221006216/en/

SOURCE: EVERTEC, Inc.

Investors 
EVERTEC, Inc. 
Kay Sharpton, 787-773-5442 
IR@evertecinc.com


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