Slide 1: Q2 2023 Earnings Supplement
Exhibit 99.2 Q2 2023 Earnings Supplement August 8, 2023
Slide 2: Disclosures
Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, in
Slide 3: Our mission is to deliver the most important and complex payments
Execution Fulfillment Our mission is to deliver the most important and complex payments 3
Slide 4: Flywire Q2 2023 Performance
Ff lywire Q2 2023 Performance
Slide 5: GAAP Financial Highlights Q2 2023
GAAP Financial Highlights Q2 2023 $84.9 M 57.5% $(16.8)M Revenue Gross Margin Net Loss 5
Slide 6: Key Operating Metrics (Non-GAAP) Q2 2023
Key Operating Metrics (Non-GAAP) Q2 2023 ($0.1M) $4.1B $79.5M 63.5% 1 1 1,2 +54.4% (330) bps +43.0% Total Revenue Less Adjusted Adjusted Payment Ancillary Gross EBITDA Volume Services Margin 1. Represents Y-o-Y Growth as compared to Q2 2022. 2. Prior year Adjusted Gross Profit and Adjusted Gross Mar
Slide 7: Growth Strategies
Growth Strategies Grow with Grow with Expand our Expand to Pursue strategic existing new ecosystem new industries, & value- clients clients through channel geographies & enhancing partnerships products acquisitions 124% 165+ 2022 average New clients in Q2 annual dollar-based 2023 net retention rate
Slide 8: Growth with New Clients
GROWTH with NEW CLIENTS What I love about the Flywire platform is that it is very easy to use and comprehensive. You are able to see your Overview payments quickly, and there’s so much detail provided. That ● A global software leader in is a major gain when you are doing cash application and digital
Slide 9: Expand Ecosystem through Channel Partners
EXPAND ECOSYSTEM through CHANNEL PARTNERS + Flywire stood out not only for its powerful Channel Partner Overview payment technology and seamless integration, but also for its knowledge of the ● Headquartered in Tokyo, DISCO is one of the leading student application solutions for the National / Publi
Slide 10: Financial Outlook
Financial Outlook Ff lywire
Slide 11: Q3 2023 Outlook
Q3 2023 Outlook* $116 – $122M $24 - $28M 1 Revenue Less Adjusted EBITDA Ancillary Services 1. Flywire has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K and has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to for
Slide 12: FY 2023 Outlook
FY 2023 Outlook* $372 - $380M $33 - 39M 1 Revenue Less Adjusted EBITDA Ancillary Services 1. Flywire has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K and has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to fore
Slide 13: Appendix
fl lywir e Appendix
Slide 14: Revenue Less Ancillary Services at Constant Currency
Revenue Less Ancillary Services at Constant Currency* $USD in Millions
Slide 15: Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations
Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations * *Beginning with the quarter ended December 31, 2022, we have excluded depreciation and amortization from the calculation of our adjusted gross profit, which we believe enhances the understanding of the Company’s operating perf
Slide 16: Revenue Disaggregation by Revenue Type
Revenue Disaggregation by Revenue Type 16 $USD in Millions
Slide 17: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation $USD in Millions 17
Slide 18: Reconciliation of Revenue to Revenue Less Ancillary Services Guidance
Reconciliation of Revenue to Revenue Less Ancillary Services Guidance $USD in Millions 18