Remitly Global, Inc. · NASDAQ:RELY

Remitly Global — Q3 2024 Earnings Presentation

18 slides from Remitly Global's earnings presentation, Oct 30, 2024

  1. Slide 1: Investor Presentation Third Quarter 2024 Earnings

    Investor Presentation Third Quarter 2024 Earnings October 30, 2024 1 October 2024 / © 2024 Remitly Inc.

  2. Slide 2: Disclosures: Forward-Looking Statements

    Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limit

  3. Slide 3: 3Q Strategic Overview

    3Q Strategic Overview Matt Oppenheimer Co-Founder & CEO 3 October 2024 / © 2024 Remitly Inc.

  4. Slide 4: Exceptional third quarter results

    3Q24 Revenue $336.5m Exceptional 39% Y/Y Vision — Transform lives with third quarter 3Q24 Profitability trusted financial services that transcend borders results $1.9m GAAP Net Income $46.7m *Adjusted EBITDA is a non-GAAP measure. Please see Adjusted EBITDA* reconciliation of non-GAAP measures to th

  5. Slide 5: Consistent strategy to drive near and long-term growth and high returns

    Consistent strategy to drive near and long-term growth and high returns Delight customers with fast, reliable and seamless experience Consumer Cross-Border TAM Localized marketing at attractive 11 unit economics ~$1.8t Unlock incremental customers Current Remitly Share2 and geographies Deepen custom

  6. Slide 6: Durable customer behavior and high ROI marketing investments

    Global Payback Durable < 12 months customer behavior Significant majority of and high ROI trailing twelve month revenue marketing comes from customers investments acquired in prior periods 6 October 2024 / © 2024 Remitly Inc.

  7. Slide 7: Customer experience continues to improve

    Customer experience continues to improve Key Outcomes Focus areas across transaction lifecycle 4.9 ● AI-powered virtual >90% iOS App Store rating4 (~2.9m reviewers) assistant with Customer transactions increasing use cases disbursed in less than an hour1,2 ● Additional lower cost and convenient pay-

  8. Slide 8: 3Q Financial Results

    3Q Financial Results Vikas Mehta CFO 8 October 2024 / © 2024 Remitly Inc.

  9. Slide 9: 3Q: Strong execution

    Scale 7.3m $14.5b 35% growth in quarterly 42% growth in active customers send volume over 3Q 2023 over 3Q 2023 3Q — Strong Revenue $336.5m 39% growth in revenue execution over 3Q 2023 Profitability $1.9m $46.7m *Adjusted EBITDA is a non-GAAP measure. Please see GAAP Net Income Adjusted EBITDA* recon

  10. Slide 10: Four key focus areas to drive sustainable, long-term returns

    Four key focus areas to drive sustainable, long-term returns Quarterly Active Customers Revenue (in thousands) YoY % YoY % Growth 42% 41% 36% 36% 35% Growth 43% 39% 32% 31% 39% Revenue less Transaction Expense (RLTE) Adjusted EBITDA1 Net Income (Loss) ($36) ($35) ($21) ($12) $2 YoY % Adj. EBITDA Gro

  11. Slide 11: Raising 2024 Outlook, Introducing 4Q24 Outlook

    2024 $1.250b-$1.254b 2024 Revenue 32% to 33% YoY growth Raising 2024 — 4Q24 Outlook Introducing $108m-$112m 2024 Adjusted EBITDA $338m-$342m quarterly outlook 4Q24 Revenue 28% to 29% YoY growth — Note: We expect to remain in a GAAP net-loss position in 4Q 2024 and full year 2024. This guidance is on

  12. Slide 12: Q&A

    Q&A 12 October2024 August 2024/ /©©2024 2024Remitly RemitlyInc. Inc.

  13. Slide 13: Customer testimonial: Sagrario H.

    “ Sagrario H. Remitly customer since 2020 Sends money from I am very happy, United States to Mexico and it makes my life easier in terms of sending money and the exchange rate is good. 13 October 2024 / © 2024 Remitly Inc.

  14. Slide 14: Appendix

    Appendix 14 October 2024 / © 2024 Remitly Inc.

  15. Slide 15: Non-GAAP Financial Measures

    Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). We regularly review our key busin

  16. Slide 16: Non-GAAP Reconciliation: Operating Expenses

    Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating expenses 3Q 2024 2Q 2024 1Q 2024 4Q 2023 3Q 2023 (in thousands) Customer support and operations $21,792 $19,999 $20,119 $19,917 $21,190 Excluding: Stock-based compensation expense, net 278 259 353 394 386 Excluding: A

  17. Slide 17: Non-GAAP Reconciliation: Adjusted EBITDA

    Non-GAAP Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA and calculation 3Q 2024 2Q 2024 1Q 2024 4Q 2023 3Q 2023 of Adjusted EBITDA Margin (in thousands, except for percentages) Net income (loss) $1,917 ($12,091) ($21,080) ($35,021) ($35,655) Add: Interest income, net (1,305) (

  18. Slide 18: Thank you.

    Thank you. October 2024 / © 2024 Remitly Inc.

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