Slide 1: Full Year Results for the year ended 31 December 2024
Full Year Results for the year ended 31 December 2024 18 March 2025 Stuart Neal, CEO Rob Whittick, CFO RESULTS PRESENTATION | FULL YEAR 2024 1
Slide 2: Forward Looking statements
Forward Looking statements Certain statements contained in this report constitute "forward-looking statements." Forward-looking statements provide Boku’s current expectations of future events and trends based on certain assumptions and include any statement that does not directly relate to any curre
Slide 3: Stuart Neal, CEO and Rob Whittick, CFO
Stuart Neal, CEO Rob Whittick, CFO CEO since January 2024 CFO since July 2024 © 2025 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. RESULTS PRESENTATION | FULL YEAR 2024 3
Slide 4: Mission, Vision, Purpose
MISSION VISION PURPOSE To simplify global expansion for our To be the world’s best localised merchants by providing seamless To give people the freedom to buy payments partner for global access to the world’s most popular what they want, the way they want commerce payment methods © 2025 Boku Inc. Al
Slide 5: Results Summary
Results Summary Delivering robust revenue and adjusted EBITDA growth while strategically investing in future business growth Delivering Exceptional Capturing a Growing Building for the Future: Confidence in the Future: Financial Results Market Opportunity Smart, Strategic Investments Raising Our Gui
Slide 6: Financial Highlights
Financial Highlights Rob Whittick, CFO RESULTS PRESENTATION | FULL YEAR 2024 6
Slide 7: Robust growth & building a sustainable future
Robust growth & building a sustainable future Delivering robust revenue and adjusted EDITDA growth; whilst strategically investing in future business growth Organic TPV Revenues Own Cash +18% +23% CER* + 20% Growth** +24% CER* +10% MAU Take Rate Adjusted +29% +1bp EBITDA + 22% 87.1m $12.4bn 80bps $9
Slide 8: More Users, More Volume
More Users, More Volume Users Monthly Active Users (millions in December) 29% • Strong growth in Monthly Active Users (MAUs) in Dec-24 up 29% to 87.1m year-on-year (Dec-23: 67.4m) • 83.1m new users added to the Boku platform in FY24 (FY23 66.1m) 87.1 • New users in Digital Wallets and Account to Acc
Slide 9: 20% organic growth driven by expanding LPM success
20% organic growth driven Revenue 20% by expanding LPM success ($ millions) 24% CER 99.3 82.7 Revenue 63.8 • Revenue of $99.3m delivered in FY24 • 20% organic growth year-on-year • On a constant exchange rate basis growth of 24% FY22 FY23 FY24 Revenue Split Revenue Split DCB Other LPMs ($ millions)
Slide 10: 22% adjusted EBITDA growth, reflecting operational strength
22% adjusted EBITDA growth, reflecting operational strength Adjusted EBITDA ($millions) 22% Adjusted EBITDA 31.4 Adjusted EBITDA increase of 22% year-on-year to $31.4m 25.8 • 20.2 • Adjusted EBITDA margin of 31.6% for 2024, meeting our commitment of above 30%, whilst we invest in future business FY2
Slide 11: Strong cash generation
Strong cash generation Underlying own cash generation ($ millions) 15.0 87.9 3.0 Own Cash Balances 80.2 72.9 -10.7 • Boku’s own cash increased to $80.2m. On an underlying basis own cash grew by 21% in FY24 reflecting the following: • $10.7m spent on share buybacks • $3m cash inflow from Danal relati
Slide 12: Robust growth & building a sustainable future
Robust growth & building a sustainable future Delivering robust revenue and adjusted EDITDA growth; whilst strategically investing in future business growth Organic TPV Revenues Own Cash +18% +23% CER* + 20% Growth** +24% CER* +10% MAU Take Rate Adjusted +29% +1bp EBITDA + 22% 87.1m $12.4bn 80bps $9
Slide 13: Strategic & Operational Review
Strategic & Operational Review Stuart Neal, CEO RESULTS PRESENTATION | FULL YEAR 2024 13
Slide 14: Giving people the freedom to buy what they want, the way they want
Giving people the freedom to buy what they want, the way they want RESULTS PRESENTATION | FULL YEAR 2024 14
Slide 15: How Boku enables merchant growth
How Boku enables merchant growth Boku sits at the heart of merchant’s strategies to grow their presence globally Merchants Local Payment Global Population Methods Boku’s platform is trusted Boku partners with a These partnerships enable Boku to offer by many of the biggest global range of Mobile ext
Slide 16: Three concurrent tailwinds
Three concurrent tailwinds Boku is benefitting from three concurrent market and economic tailwinds Adoption of LPMs The rapid consumer adoption of LPMs across all continents (i.e. phones, not plastic) Central Bank Policy The repatriation of payment systems by central banks away from Visa and MasterC
Slide 17: Strategic expansion, regulatory advancement & investment in innovation
Strategic expansion, regulatory advancement & investment in innovation Invested in LPM Broadened product Provided merchants Expanded services for network growth capabilities more global access our merchants Over 100 connections launched • First e-commerce connection • Attracted, engaged and • Increa
Slide 18: Boku's Growth Pillars
Boku’s Growth Pillars Building on 2024’s strategic focus areas, the following priorities have been developed to drive our next phase of growth Grow core and Drive product Increase Strengthen Be a great place to develop new innovation operational compliance and work revenue streams efficiency risk ma
Slide 19: Delivering future business growth
Delivering future business growth Enhancing core capabilities to unlock new revenues at scale, with investment across technology, automation, finance, compliance and people, delivering value for all stakeholders 2025 2026 Straight-through Treasury, money Risk & security Direct sales Partnership proc
Slide 20: Enhanced medium term guidance
Enhanced medium term guidance Positive start Organic revenue Adjusted to 2025 growth EBITDA margin Strong trading in January and Expecting >20% CAGR in the Reinforcing commitment to deliver February medium term, although annual margin in excess of 30% in the growth rates may vary medium term Expect
Slide 21: Boku: A Compelling Investment Case
Boku: A Compelling Investment Case Significant addressable market Organic growth potential $10trn+ market opportunity • Organic revenue growth >20% CAGR • Payments over the medium term • Bundling • Adjusted EBITDA margin 30%+ and • Expanding e-commerce capability accreting from FY26 Agile new paymen
Slide 22: Questions
Questions RESULTS PRESENTATION | FULL YEAR 2024 22
Slide 23: Appendices
Appendices RESULTS PRESENTATION | FULL YEAR 2024 23
Slide 24: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income For the year ended 31 December 2024 © 2025 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. RESULTS PRESENTATION | FULL YEAR 2024 24
Slide 25: Consolidated statement of financial position
Consolidated statement of financial position As at 31 December 2024 © 2025 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. RESULTS PRESENTATION | FULL YEAR 2024 25
Slide 26: Consolidated statement of cash flows
Consolidated statement of cash flows For the year ended 31 December 2024 © 2025 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. RESULTS PRESENTATION | FULL YEAR 2024 26