Riskified Ltd. · NYSE:RSKD

Riskified — Q2 2022 Earnings Presentation

16 slides from Riskified's earnings presentation, Aug 10, 2022

  1. Slide 1: Q2 2022 Financial Results Supplemental Slides

    Q2 2022 Financial Results Supplemental Slides August 10, 2022

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Certain statements in this presentation release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Priv

  3. Slide 3: Key Performance Indicators and Non-GAAP Metrics

    Key Performance Indicators and Non-GAAP Metrics This presentation contains key performance indicators including GMV as well as non-GAAP metrics, including Adjusted EBITDA. We define GMV as the gross total dollar value of orders received by our merchants and reviewed through our eCommerce risk managem

  4. Slide 4: Riskified Mission

    Riskified Mission Increased sales approval rates To empower by up to 20%1 businesses to realize the full potential of Reduced costs by up to 60%1 eCommerce by making it safe, Eliminate significant customer accessible and friction, power omnichannel frictionless. commerce and open new, global markets 1

  5. Slide 5: We Operate in Massive Markets With Strong Tailwinds

    We Operate in Massive ~$6.9 trillion global Markets With Strong eCommerce GMV in 20241 Tailwinds Solving Problems That Touch All eCommerce Orders $4.9 trillion global eCommerce GMV in 20211 Online merchants with more than $75 million in annual online sales make up 85% of eCommerce sales made directl

  6. Slide 6: Riskified Enables Frictionless eCommerce

    Riskified Enables Frictionless eCommerce Before Riskified: With Riskified: 3rd Party Data Merchant.com Homegrown Tools & Reporting Registered Guest Merchant.com Successful Sale Customers Customers Require Is This The Authenticated Additional Customer That I Log On Credentials? Think It Is? Successful S

  7. Slide 7: We Increase Merchants' Revenue & Decrease Costs

    We Increase Merchants’ Revenue & Decrease Costs Average of Ten 39% Largest Merchants 8% in Sample1 Company A 67% < $5.0 billion 14% Company B 51% < $5.0 billion 32% Company C 65% $5.0 - $10.0 billion 1% Company D 33% < $5.0 billion 6% Company E 57% > $10.0 billion 2% Merchant 50% 0% Online 0% 10% 20

  8. Slide 8: Outlook

    Outlook Updating Financial Outlook for Full Year 2022 Current Guidance Updated Guidance Revenue $254M - $257M Revenue $255M - $258M Adjusted EBITDA ($69M) - ($66M) Adjusted EBITDA ($57M) - ($54M) # FY’22 YTD GAAP and Non-GAAP weighted average shares of approximately 167M

  9. Slide 9: Q2 2022 Business Highlights

    Q2 2022 Business Highlights Strengthened Leadership Team with Appointment of President of Worldwide Field Operations to Propel Growth: Riskified recently announced Ravi Kumaraswami’s appointment as President of Worldwide Field Operations. Mr. Kumaraswami, a proven technology leader with more than 20

  10. Slide 10: Revenue Model Flow Recap

    Revenue Model Flow Recap Riskified’s GMV Total eCommerce volume submitted to Riskified for review Transforming GMV into Revenue Approval Rate (%) Varies by merchant based on a variety of inputs, including the Take Rate (%) industry of the merchant, the risk level of the end market, the Take percentage

  11. Slide 11: Q2 2022 Financial Highlights

    Q2 2022 Financial Highlights GMV $25.4B Revenue $59.9M Gross Profit $30.6M Adjusted EBITDA $(13.6M)

  12. Slide 12: 1H 2022 Financial Highlights

    1H 2022 Financial Highlights GMV $48.1B Revenue $118.8M Gross Profit $61.0M Adjusted EBITDA $(27.1M)

  13. Slide 13: Investor Relations Contact

    Investor Relations: Chett Mandel, Head of Investor Relations ir@riskified.com Corporate Communications: press@riskified.com

  14. Slide 14: Appendix

    Appendix

  15. Slide 15: Q2 and 1H 2022 GAAP Financial Results

    Q2 and 1H 2022 GAAP Financial Results $ in thousands Q2'22 Q2'21 1H'22 1H'21 Revenue 59,932 55,692 118,777 106,775 Cost of revenue 29,326 22,390 57,803 44,845 Gross profit 30,606 33,302 60,974 61,930 Operating expenses: Research and development 17,947 12,439 36,060 24,133 Sales and marketing 22,892 1

  16. Slide 16: Q2 and 1H 2022 Reconciliation of GAAP Net Loss to Adjusted EBITDA

    Q2 and 1H 2022 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA $ in thousands Q2'22 Q2'21 1H'22 1H'21 GAAP Net profit (loss) (33,028) (20,489) (66,292) (64,141) Non GAAP expenses: Share-based compensation expense 18,136 2,577 36,523 5,126 Payroll taxes related to share-based compensation 7

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