Euronet Worldwide, Inc. (NASDAQ:EEFT) Q4 2022 Earnings Call Transcript

Rick Weller: Well, I guess what I’d say is, really kind of two things. One, we have consistently seen, as Mike said in his comments, that our transactions have paralleled the Eurocontrol data. And it’s just intuitive, I think, Mike. If people are on the plane, they get off the plane, they start walking down the street, they need cash, they stop by the ATM. So, it just seems so intuitive that there should be direct correlation, and that’s what we’ve consistently seen. So, again, looking to what the outlook of Eurocontrol is, and how they’ve looked at it, we feel pretty confident with that. The second thing is, as I mentioned, as we kind of closed out the year, we saw that we’re, kind of in that 75-ish, kind of percent range there.

Some countries, a little better, some a little less, but overall about there. So, again, we’ve consistently seen this move up. We’ve seen consistent correlation with Eurocontrol. Mike said in their delta. Again, somebody that’s in the business of taking people to Europe. They’re feeling pretty bullish about their expectations for this year. So, those are all things that basically point us toward a continuing improvement, and nothing at this point tells us that it looks like the 92%, 93% numbers in jeopardy. So, that’s where we continue to see and the optimism that we draw from.

Mike Brown: And also, let’s not forget, it is issue. So, our favorite group of travelers, our largest single group are people from Britain because they all have an island currency of of our other territories. And €“ but even though we averaged about 75% last year, we did the full analysis on flights coming out of Heathrow as an example. And they really €“ there’s really only 62% of 19 travelers last year that came out of Heathrow. So, just by fixing Heathrow, will be good because it’s not just the number of travelers, but where they come from. So, that’s one of the little, you might say, gives us a little bit of, umph, as we go into next year.

Mike Grondahl: Okay. Hey, thank you guys.

Mike Brown: Operator, I think that has to be the last call. We’re at the top of the hour. So, I’d like to thank everybody for listening in and happy to talk to you in about 90 days.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.