Slide 1: Q3 2022 Earnings Supplement
Exhibit 99.2 Q3 2022 Earnings Supplement November 8, 2022
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: We help our clients pay with ease and get paid anywhere in the world
…and their customers We help our clients pay with ease from get paid… anywhere in the world 4
Slide 5: Software drives value in payments: Next Gen Platform + Global Payment Network
Software drives value Next Gen Platform + Global Payment in payments Network 5
Slide 6: Flywire at a glance: key company metrics
950+ Global FlyMates $13.2B 3,000+ Total Payment Volume Clients Worldwide (2021) 10+ 240+ Years to Build Countries & Territories Payment Network 140 Currencies Supported As of September 30, 2022 6
Slide 7: High-stakes, high-value payments in large markets
High-stakes, high-value payments in large markets Education Healthcare Travel B2B Payments 1 2 3 4 $660B TAM $500B TAM ~$530B TAM $10T TAM >2,000 global institutions >80 healthcare systems Large travel operators/ Unique network of assets accommodations to support B2B >2M students globally 4 top 10 U
Slide 8: Our Flywire Advantage & Opportunity
Our Flywire Advantage & Opportunity 8
Slide 9: We believe our runway for growth is substantial
We believe our runway for growth is substantial 5 $10 TRILLION 2,3,4 $1.7 B2B TRILLION $4.3 vs. TRILLION Education Healthcare Travel 1.eMarketer, 2020 Global Online Sales 2. OECD & Parthenon report (Education); 3. Centers for Medicare & Medicaid Services and Patients Without Borders (Healthcare); 4.
Slide 10: Our proven Flywire Advantage
Our proven Flywire Advantage 10
Slide 11: Fueling a powerful and accelerating flywheel
More Improved Products Experience Fueling a powerful & accelerating flywheel Larger Broader Ecosystem Footprint 11
Slide 12: Strong tailwinds across our verticals
The need for consumer- In education, demand for Strong friendly and digital first global education remains payment options continues strong with U.S. higher 1 to be a priority in tailwinds education reporting 68% healthcare increase in international student enrollment across our verticals The digiti
Slide 13: Growth strategies
Growth strategies Expand our Expand to Pursue strategic ecosystem new industries, & value- Grow with Grow with through channel geographies & enhancing existing clients new clients partnerships products acquisitions 1 123% 145+ 500+ Three year average New clients in Q3 Travel & B2B annual dollar-base
Slide 14: Flywire Q3 2022 Performance
Flywire Q3 2022 Performance
Slide 15: GAAP Financial Highlights Q3 2022
GAAP Financial Highlights Q3 2022 $95.2M 64.4% $(4.3)M Revenue Gross Margin Net Income (Loss) 15
Slide 16: Key Operating Metrics (Non-GAAP) Q3 2022
Key Operating Metrics (Non-GAAP) Q3 2022 $7.0B $88.9M 69.0% $18.2M 1 1 2 (+43%) (-2.9%) (+33%) Total Revenue Less Adjusted Adjusted Payment Ancillary Gross EBITDA Volume Services Margin 1. Represents Y-o-Y growth as compared to Q3 2021, 2. Represents Y-o-Y decrease compared to Q3 2021 See appendix f
Slide 17: Revenue by Geography
Revenue by Geography Other Countries* 15% United Kingdom 21% Three Months Ended United States 55% September 30, 2022 Canada 9% *No single country included in the “Other Countries” category generated 10% or more of revenue
Slide 18: Financial Outlook
Financial Outlook Flywire
Slide 19: Q4 2022 Outlook
Q4 2022 Outlook $64 – 67M Revenue Less Ancillary Services 19
Slide 20: FY 2022 Outlook
FY 2022 Outlook $263.5 – 266.5M $14 - 16M Revenue Less Adjusted EBITDA Ancillary Services Flywire is unable to provide a reconciliation from forecasted adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes, without making unreasonable efforts, t
Slide 21: Flywire Appendix
Flywire Appendix
Slide 22: Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations
Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations 22 $USD in Millions
Slide 23: Revenue Disaggregation by Revenue Type
Revenue Disaggregation by Revenue Type 23 $USD in Millions
Slide 24: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation 24 $USD in Millions
Slide 25: Reconciliation of Revenue to Revenue Less Ancillary Services Guidance
Reconciliation of Revenue to Revenue Less Ancillary Services Guidance $USD in Millions 25