Intercept 8-K Financial statements and exhibits

InterCept, Inc.

Agenda

• Corporate Update

• InterCept Payment Solutions

• Financial Institutions Division

• EFT Division

• Financial Overview & 2003 Forecast

• Follow-up Q & A

Forward Looking Statements

• Statements in this presentation relating to future events, projections, plans and underlying assumptions are “forward-looking statements” within the meaning of securities law

• Actual results may differ materially from these forward-looking statements, which are subject to risks and uncertainties

• For a discussion of the risks and factors that could cause InterCept’s actual results to differ materially from the forward-looking statements, see the discussion of “Risk Factors” in the company’s Annual Report on form 10-K filed March 31, 2003

Corporate Update

Jeff Berns

Senior Vice President

InterCept Today

• InterCept designs and implements advanced software solutions that help financial institutions and merchants prepare for and meet tomorrow’s challenges today

Growth Update

June 1998—700 customers April 2003 – 2,000 customers

Locations

• Atlanta, GA (Corporate Headquarters)

• Birmingham, AL

• Thomson, GA

• Lenexa, KS

• San Antonio, TX (InterCept Output Solutions)

• Calabasas, CA

• Item Processing Center Network

• Deerfield Beach, FL (InterCept Payment Solutions)

• New Castle, DE (InterCept Payment Solutions)

Over 2,000 employees

InterCept Data/Item Processing

•      Jonesboro, AR •      Atlanta, GA •      Macon, GA •      Richmond, VA •      Columbia, SC •      Jacksonville, FL •      Miami, FL •      Tampa, FL •      Cookeville, TN •      Nashville, TN •      Maryville, TN •      Colorado Springs, CO •      Los Angeles, CA •      Seattle, WA •      Birmingham, AL •      Dallas, TX •      Houston, TX •      Austin, TX •      Lenexa, KS •      Lombard, IL •      West Deptford, NJ •      Carlstadt, NJ •      Chelmsford, MA •      Norwood, MA •      Greensboro, NC •      Oklahoma City, OK •      Utica, NY •      Woodbury, NY

Bankers Bank Alliances

Products & Services

Core Processing Software

• Client/Server—Windows NT^® based that is fully descriptive with no codes to learn

• Service bureau or in-house delivery

Core Processing Software

• Online real-time core bank processing centered around the Customer Information File

• Totally integrated software

On-line Teller Platform System

• Windows^®based teller system that integrates traditional transaction processing with client/server architecture

• Teller operational efficiencies expanded with decreased balancing time, elimination of proof errors and reduced human errors

Loan Management System

• Lenders see critical information before releasing additional funds

• One relational data set provides a comprehensive “snapshot” of the customer’s entire loan portfolio

Check Imaging

• Bank-wide electronic access retrieves checks on PCs for faster signature verification, improved customer service, faster research and bottom-line cost savings

• At statement time customers receive compact, easy-to-read records of imaged checks

• Single source for comprehensive and customized electronic commerce and transaction processing solutions

• ATM and point-of-sale (POS) terminal driving, debit card transactions, funds transfer and remote banking services

• Rapid response time and secure reliable transmission and processing of transactions and information

• On-line monitoring and troubleshooting and a single point of contact for all communication needs

Regulatory Reporting Software

• Currently used by approximately 7,000 financial institutions nationwide

• Convenient Internet delivery and updates, real-time error checking and on-line FFIEC instructions

Optical Storage

• Advanced report storage and retrieval system that permanently stores vital information on CD

• 32-bit technology provides 100% protection against data loss

• InterCept Payment Solutions enables businesses to accept credit card, debit card and electronic check payments

• Merchants process payments through any delivery channel, including point-of-sale, call center, Internet and wireless

• Comprehensive services handle large-scale needs of financial institutions, major medical systems, utility companies and loan service operations

• Clients outsource essential,non-core business operations including data processing, laser printing, mailing services and electronic bill presentment

SBS Data Services

• Additional core processing option

• Largest Kirchman Service Bureau center

• Ability to target core functionality of larger institutions

• Processed in Birmingham, AL location

Summary

• InterCept takes the complexity out of technology for community financial institutions

• Our end-to-end solutions simplify financial technology so our customers can focus on their core business

• We deliver a wide range of integrated products, services and support that help banks compete in today’s challenging financial services arena

John Perry

Chief Executive Officer

Background

iBill	EPX
• Proprietary billing interface • FDC processing • Deerfield Beach, FL	• Proprietary front/back-end • MSP • New Castle, DE

Bank Service Division

• Agent bank processing

• NOVA/USB

• Brentwood, TN

= InterCept Payment Solutions

Strategy

• Position InterCept Payment Solutions as:

– Provider of payment and billing BPO services for

• Banks

• Billers

• Merchants

• Generate additional revenue streams through value-added services:

– Stored-value applications

– Multi-currency processing

Create Value

• Combine three (3) payment businesses:

– iBill

– EPX

– Bank Services Division

• Leverage management team to:

– Drive cost efficiencies in platform – specifically iBill

– Capitalize on organic growth – cross-sell & retention

– Market ACH capabilities

• Develop Affinity programs for marketing associations

180 Day Plan

• First 60 days

– Focus technology efforts on DE authorization network and:

• New account boarding

• Customer service and fraud detection for small merchants

• iBill platform

– Finalize integrated strategic sales/marketing plan

• Data mining of existing base – targeted lead generation

• Initiate “positioning” and branding efforts

• Assure sales comp and promotions support strategy

– Ongoing and productive dialogue with card associations

180 Day Plan

• 90 Days

— Offer fully integrated credit, debit InterCept product

— Active marketing of new business through bank channel

— Identify and seek out non-traditional business partners

— Begin cross-sell program to current merchants to drive revenues – build referral tele-center program

— Ongoing and productive dialogue with the card associations

— Market InterCept Payment Solutions products using former EPX platform to clients

180 Day Plan

• Drive new revenues through bank channel

• Begin serious discussions with alliance partners

• Ongoing and productive dialogue with the card associations

• Finalize synergy process

• Consolidate operations

Financial Institutions Division

Randy Fluitt

Executive Vice President

Organization

• Geographic Regions for Data/Item Processing

— West

— Southeast

— Mid Atlantic

— New England

— Sovereign

• Technical Services

— Ancillary Products

— Core Product Development

— Conversions

— Training & Education

— Technical Support

— Network Services & Implementation

• Customer Care

• Output Solutions

• Regulatory Solutions

Data & Item Center Locations

Item/Image Centers

Support & Develop offices

Customer Profile

• 450 Core Processing Customers

• 550 Image Processing Customers

• Contracts

— 5 to 7 years in length

— More than 95% of customers renew for like term

— Fees are assessed on number of accounts, transactions, etc which continually grow throughout the term

— Permits annual price increases of not greater than 10%

— Early termination penalty requires 60% to 80% of unexpired term

Customer Profile

• New Charter Banks

— Complete turnkey operational startup service

— Priced with minimums, but extremely fast growth

• Established Financial Institutions

— Up to $1.5 billion in assets

— 100 plus branches across multiple service centers

— 24 x 7 x 364 processing & online availability

• Image Processing Financial Institutions

— Up to $40 billion in assets

— Image capture of total deposited items

— Check image archival, retrieval and access capability

— Corporate customer cash management and related image services

• New Industry Segments

— Remittance Processing Customers

— Image Clearing & Settlement

Service & Product Philosophy

• “Full Service Provider” to Financial Institutions

— Fully integrated, single source technology solutions

— Advanced product solutions

• Customer focused

— Relationship Managers

— Executive and Operations conferences

— Education / Training

— Long term customer relationships

• Commitment to banks’ operating efficiencies

• Service & Product continuity nationwide

• Business Unit accountability

Pricing Strategy & Overview

• In-House

— License fees plus annual maintenance

• Service Bureau

— Recurring fees based on number of accounts and transactions processed

• Network Communications

— Design & Implementaton fees as well as monthly recurring management fees

• Ancillary Products

— License fees plus annual maintenance fees

The Sovereign Project

The Process

• Joint effort, working closely together for two years

• On-site for 16 months learning Sovereign’s customer philosophies and processes

• Analyzed volumes, logistics and processes from all 525 community banking offices

• Hosted Sovereign in Atlanta and at InterCept’s largest sites and customers

What We Will Do

• Image capture and processing of checks from all Sovereign Community Banking Offices

• Replace 5 Fiserv centers with 6 InterCept centers

• Process 25M check images each month

• Produce 1.6M image statements each month

InterCept Technology

Self-Service Banking   Check Images   Distribution of Images   Flexible Inquiries   Workstation Viewing Image Archival
Improved Access   Enhanced Customer Service   Streamlined Processes

EFT Division

Denise Saylor

Senior Vice President

EFT Division Today

• Gateway for approximately 500 financial institutions

• Provides connectivity to all national and majority of regional networks

• Commitment to customer service and long-term relationships

• Proprietary software

EFT Division Today

• InterCept provides a full-range of EFT services including:

— ATM & Debit Card Processing

• 750,000 Debit Cards

• 530,000 ATM Cards

— Driving a full array of terminals

• 2,150 ATM & Point of Sale (POS)

— Total Transaction Processing

• 5.9 million PIN-based transactions

• 5.3 million Signature-based transactions

EFT Platform Upgrade

• Completion in 2003

• Increased volume capacity

• Increased functionality and flexibility

• Greater platform stability

• Provides ability to capitalize on growth opportunities

Growth Opportunities

• Secure Debit Program

– Fraud Indemnification

– Security – provides peace of mind to offer debit product

– Increased penetration

• Debit Card Reward/Loyalty Program

– Incentives to drive consumers from credit card to debit card usage

– Shift from PIN-based to Signature-based transactions

New Market Opportunity

• Stored-Value Cards

– Complement to debit cards and compete with cash

– Full range of pre-paid cards

– Capitalizes on the need for controlled and secure spending

– Option to tap into the “un-banked” market segment

– Fee income generator for institutions

– Increased transaction revenues for InterCept

Financial Overview & 2003

Forecast

Scott Meyerhoff

Chief Financial Officer

2002 Update

• GAAP loss of $0.12

• Non-recurring items including:

– Netzee loss of $8.3 million

– Impairment charge of $20.0 million

– MasterCard^® fine of $1.9 million

– WorldCom reserve of $2.2 million

• Excluding these items:

– Net income = $0.93

– Cash flow from operations = $45.9 million

What happened in Q4 2002?

• Merchant Processing Division:

– Attrition

– Fines

• Financial Institutions Division

– Check volumes were down

– EFT volumes were flat over Q3

– Sluggish one-time software sales

Impairment Charge

• Required to evaluate intangibles annually

• Reviewed on 12/31/02

• No impairment on Financial Institutions Division

• $20.0 million on Merchant Services Division

Impairment Charge

• $15.8 million related to customer relationships

• $2.3 million related to product technology

• $1.7 million related to non-compete agreements

• $0.2 million related to trade names

• Write-off reduces annual amortization expense by approximately $1.6 million

Netzee

• Netzee sold to Certegy on 12/31/02

• Received $2.8 million in cash for stock and debt

• Write-off of $5.4 million

• Additional escrow of up to $0.2 million can be returned

Credit Facility

• Re-structured debt facility on 3/31/03

• In compliance with facility

• Net debt approximately $32.7 million on 3/28/03

• In discussion with several other lenders

2003 Q1 Outlook

• Revenues of $66 million to $67 million

– Financial institutions of approximately $44 million

– Merchant processing of approximately $18 million

– Customer reimbursements of approximately $4 million

• Earnings per share of $0.12

– Does not include re-structuring costs

– Does not include association fines agreed to in March

• GAAP earnings per share of $0.07 to $0.08

2003 Forecast Model

• Revenue of $275 to $285 million

• Gross margins of 50% to 52%

• SG&A as percentage of sales from 35% to 37%

• EBITDA of $42 to $44 million

• Earnings per share of $0.72 to $0.77

2003 Guidance

• Comfortable with current street consensus of $0.75 per share

• Revision to $0.72 to $0.77 per share due to the following:

• Merchant Services Division

– Restructuring charges and association fees

– Conversion of mainstream business to our processing back-end

• Financial Institutions Division

– Sovereign conversion commencement from Q2 to Q3

Financial Institutions Division

• Revenue of $200 to $210 million

• Gross margins of 48% to 50%

• SG&A as a percentage of sales from 33% to 35%

• EBITDA of $30 to $32 million

Merchant Services Division

• Revenue of $70 to $75 million

• Gross margins of 58% to 60%

• SG&A as percentage of sales from 42% to 44%

• EBITDA of $11 to $13 million

Sovereign Conversion

• Originally anticipated conversion of Phase I in June 2003

• Revised Phase I conversion date scheduled for July-August 2003

• Phase II scheduled for November—December 2003

InterCept, Inc.