International Money Express, Inc. · NASDAQ:IMXI
International Money Express — Q4 2019 Earnings Presentation
18 slides from International Money Express's earnings presentation, Mar 9, 2020
Slide 1: Fourth Quarter and Full Year 2019 Earnings Presentation
Fourth Quarter and Full Year 2019 Earnings Presentation March 2020 Exhibit 99.2
Slide 2: Forward-Looking Statements
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current view with respect to certain events that could have an effect on our futu
Slide 3: 2019 Strategic Priorities and Business Updates
Driving Core GrowthMore U.S. zip codes we want to be in than those where we currently operateGrowth in secondary and tertiary marketsExpanding Depth of Service Successful launch of Africa and Canada businessesWhite Label processing live with two partnersSolidifying Our Balance SheetFree Cash generat
Slide 4: Review of Key Performance Indicators
Adjusted Net Income and Adjusted EBITDA reflect add-backs for one-time, non-recurring items. Please see pages 16 and 17 for detail on those adjustments and a reconciliation of Net Income to Adjusted Net Income and Adjusted EBITDA Review of Key Performance Indicators 4Q’19 vs 4Q’18 FY’19 vs FY’18 Rev
Slide 5: Intermex Growth Story
Intermex Growth Story Money Transfer Transactions Volume (# In millions) ($ in millions) Adjusted EBITDA reflects add-backs for one-time, non-recurring items. Please see page 17 for detail on adjustments to EBITDA and a reconciliation of Net Income to Adjusted EBITDA Revenue Adjusted EBITDA(1) ($ in
Slide 6: Mexico Industry Growth
Mexico Industry Growth(1) Historical Industry Growth Trends Banco de Mexico and World Bank. Represents total remittance volume for US dollars outbound to Mexico CAGR: 10.3% (Total Remittance Volume) Intermex Growth CAGR: 19.7% (Total Remittance Volume) Intermex has a strong ability to outpace indust
Slide 7: Highly Cash Generative Business Model
Highly Cash Generative Business Model Free Cash Generated(1) as a Percentage of Adjusted EBITDA(2) Free Cash Generated reflects Net Income with certain adjustments. Please see page 18 for detail on adjustments to Net Income and a reconciliation of Net Income to Free Cash Generated.Adjusted EBITDA re
Slide 8: LAC Market Landscape
2014 2018 2019 14.0% 24.0%(3) 25.4%(3) All Others 86.0% 76.0% 74.6% 2014 2018 2019 7.9% 17.4%(3) 18.0%(3) All Others 92.1% 82.7% 82.0% LAC Market Landscape Intermex enjoys a strong and growing position across key target markets Intermex Share of Key Target Markets (2) LAC Countries - 2019 Mexico Mar
Slide 9: Market Share and Percent of Industry Growth
Tier I and II Countries Remittance Volume Growth(1) Intermex Volume Growth All Others Volume Growth Intermex Market Share Intermex outperforms market growth in its core markets of Mexico and Guatemala.A consistent and large portion of the growth in the Mexico market is captured by Intermex. Source:
Slide 10: Fourth Quarter 2019 Performance Highlights
Adjusted EBITDA margin expanded 160bps YoY to 17.0%(1)Solidified salesforce in high priority expansion marketsGenerated $5.3M Net Income, 9.8% increase YoY Adjusted EBITDA reflects add-backs for one-time, non-recurring items. Please see page 17 for detail on adjustments to EBITDA and a reconciliatio
Slide 11: Full Year 2019 Performance Highlights
Adjusted EBITDA margin expanded 82bps YoY to 18.0%(1)Reduced bank deposit costs by migrating agents to more cost efficient deposit methodsExpanded White Label processing to two live partners Adjusted EBITDA reflects add-backs for one-time, non-recurring items. Please see page 17 for detail on adjust
Slide 12: Full Year 2020 Financial Guidance
A quantitative reconciliation of projected 2020 Adjusted EBITDA to the most comparable GAAP measure is not available without unreasonable efforts because of the inherent difficulty in forecasting and qualifying the amounts necessary under GAAP guidance for one-time, non-recurring items including, wi
Slide 13: Appendix
y intermex, INTERNATIONAL MONEY EXPRESS V Appendix
Slide 14: Consolidated Balance Sheets
Consolidated Balance Sheets
Slide 15: Consolidated Statements of Operations
Consolidated Statements of Operations
Slide 16: Net Income (Loss) to Adj. Net Income Reconciliation
Net Income (Loss) to Adj. Net Income Reconciliation
Slide 17: Net Income (Loss) to Adj. EBITDA Reconciliation
Net Income (Loss) to Adj. EBITDA Reconciliation
Slide 18: Net Income to Net Free Cash Generated Reconciliation
Net Income to Net Free Cash Generated Reconciliation
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