International Money Express, Inc. · NASDAQ:IMXI
International Money Express — Fintech Acquisition Corp. II — SPAC Merger (June 2018)
37 slides from International Money Express's SPAC merger presentation, Jun 15, 2018
Slide 1: Intermex Investor Presentation June 2018
intermex International Money Express Investor Presentation June 2018 Lee...
Slide 2: Legal Disclaimers
Legal Disclaimers This Investor Presentation contains “forward -looking statements within the meaning of the “safe harbor" provisions of the Private Securities Litigation Reform ‘Act of 1995. Forward-looking statements may be identified by the use af words such as “anticipate, “believe, could’, "con
Slide 3: Transaction Overview
Transaction Overview ‘TRANSACTION FinTech Acquisition Corp. Il ("ENTE"), a publicly-traded Special-Purpose Acquisition Company (’SPAC"), will merge with Intermex Holdings IL Inc. (dba "Intermex") Merged company will apply to continue the listing of its common stock on the NASDAQ Transaction is expec
Slide 4: Capitalization & Ownership
Capitalization & Ownership® irmitfons Proposed Sources Pro Forma Capitalization at Closing Rollover Equity $1648 Cash S134 FinTech Acquisition Corp Equi 176.2 Revolving Credit Facility 200 Total Sources $341.0 Term Loan 946 Total Debt $1146 Proposed Uses Implied Market Capit $355.9 Stock Considerati
Slide 5: Table of Contents
Table of Contents I. Intermex Overview IL Competitive Landscape Ill. Differentiators IV. Future Growth V. Financial Highlights VI. Appendix
Slide 6: Intermex Overview
Intermex Overview -intermex \ Rico, served through a sending agent base of independent, non-exclus > « Sa ‘agents and 31 company stores endures satan nd 21 company tors 03% oma nates ws) 585 Total Employees o130mertatn marian Counts itch money tent) "| + Intermex utilizes its technology enabled plat
Slide 7: Intermex — Evolution of a Market Leader
Intermex — Evolution of a Market Leader History of sustained market share growth provides a strong platform for future growth iamilions) 72009 - 2012 2012 - 2018P — |__<ar Revenue CAGR: 8% 2 Revenue CAGR: 24% $2618 $2155 r $1654 124.2 2010 2011 2012 2014 201s 2017 2018? + Intermex was founded in 199
Slide 8: Intermex Growth Story
Intermex Growth Story Money Transfer Transactions (#) Remittance Volume ($) (# in milionss (io bn) 238 1 194 148 2 89 2014 2015, 2016 2017018 2014 2015, 2016 20172018 Total Revenue Adjusted EBITDA Win milionsy (Sin milions, 2014 2015, 2016 2172018 2014 2015, 2016 2017018 ted ERITDA reflects add-back
Slide 9: Global Remittance Market
Global Remittance Market 247M Mitt people live outside of their country of birth. $148 Buso was sent from the U.S. alone® fore Bank. "Migration and Remittances Factbook 2016" our 17,2018, $613 Buso F/ estimated amount of remittances sent, worldwide in 2017 X $30Be was sent from the U.S. to Mexico in
Slide 10: Customer Transaction Flow
Customer Transaction Flow Illustrative example of $375 transaction to Mexico eons % $375 ‘ td $375 is wired to Mexico. \ Customer picks up money y \ with transaction code in $375 Vv rh \ local currency. +$10 fee am? ~ i Agent records $375 te i transaction to Mexico and tt charges the customer $385 -
Slide 11: Table of Contents
Table of Contents I. Intermex Overview I. Competitive Landscape Ill. Differentiators IV. Future Growth V. Financial Highlights VI. Appendix
Slide 12: Favorable, Fragmented Competitive Landscape
Favorable, Fragmented Competitive Landscape Intermex enjoys a strong and growing position across key target markets LAC Markét Landscape Intermex Share of Key Target LAC Countries - 2017 Markets 2) Mexico Market Share Breakdown Size MoneyGram. a 2 MoneyGram. no, 2017 aQis Country _(USSB)* Region MEX
Slide 13: Intermex Grows in Excess of the Industry Remittance Volume
Intermex Grows in Excess of the Industry 0 Remittance Volume) [if off Guatemala Remittance Volume “ | @)_ 23.1% asm 3 163% 124 Ee $2,191 79% $1,643 $1143 $1,208 z i & 2014 2015 2016 2017 ana018 20142015 201607018 i Intermex Volume Growth 1 All Others Volume Growth == Intermex Market Share + In 2017
Slide 14: Table of Contents
Table of Contents I. Intermex Overview IL Competitive Landscape Il. Differentiators IV. Future Growth V. Financial Highlights VI. Appendix
Slide 15: Systematic and Efficient Sales Strategy and Execution
Systematic and Efficient Sales Strategy and Execution (© = concentration of Latin American foreign boon residents & Target U.S. ZIP codes with Pe = high concentrations of 4 Latin American foreign born residents 9@ 2 \b al 3 4 Average number of wires per agent + a Locate and interview agents Partner
Slide 16: Differentiators — Deliver Agent and Consumer Value
Differentiators — Deliver Agent and Consumer Value Why Agents Choose Intermex Why Consumers Choose Intermex SANTA ana + MARKETS Language Loyalty Program Reliability Community Trust Member CONFIDENTIAL] 16
Slide 17: Per Money Transfer Transaction and Agent Detail
Per Money Transfer Transaction and Agent Detail ‘eonsoctions a ilions) + Revenue and Adjusted si089 $1099 sina3 sing EBITDA per money transfer transaction has increased from 2014 to present Ee ee ee ee + Average agent productivity agen in unis sin ewes) has increased in the 4751 $4821 historical per
Slide 18: Intermex Grows in Excess of the Industry
Intermex Grows in Excess of the Industry Intermex sustains strong margins while increasing volume growth to Mexico Margin Expansion (Mexico) 37% 38% 2014 2015 2016 2017 MlmGross Margin per Transaction =@=Intermex Volume Growth =®=Industry Growth + Intermex has been able to capture additional market
Slide 19: Highly Scalable and Industry-Leading Technology Platform
Highly Scalable and Industry-Leading Technology Platform Speed of POS Transactions me of most competitors Systems Uptime and Reliability 99.95% historical uptime SLA with 3-datacenter balancing and auto failover Technical Support Response Time intermex 8-second a issues solved in under 5 minutes Pro
Slide 20: Analysis of Public Trading Comparables
Analysis of Public Trading Comparables (Figures in millions, except per share amounts) ‘Share Price Market Enterprise % A S2-Wk TEV to EBITDA Price to Earnings —5-Yr EPS Name Symbol 05/25/18 Cap. Value (TEV) High Low ‘201E —2019E__2018E__2019F Growth ® Money Tnser Companies Western Union wu sooo sem
Slide 21: Table of Contents
Table of Contents I. Intermex Overview IL Competitive Landscape Ill. Differentiators IV. Future Growth V. Financial Highlights VI. Appendix
Slide 22: Core Growth Opportunity
Core Growth Opportunity Intermex has strong organic growth potential in its core business 15 Stronghold States 10 Growth States 18% of Total Market 62% of Total Market 23% growth rate in 2017 27% 36% growth rate in 2017 Sie Intermex's current share : 9% —>» Intermex's current share Growth Opportunit
Slide 23: Other Growth Vectors
Other Growth Vectors The assets created by our core organic growth will be leveraged in other products and markets. Leverage our platform capacity and ubiquitous MSB Licensing in US Leverage existing base of 3 million unique consumers B2B Processing Opportunity Productively leverage our 10x excess t
Slide 24: Table of Contents
Table of Contents I. Intermex Overview IL Competitive Landscape and Differentiators Ill. Future Growth IV. Financial Overview Vv. Appendix
Slide 25: Strong and Accelerating Financial Performance
Strong and Accelerating Financial Performance Intermex has an attractive financial profile with strong momentum + Intermex's differentiated approach, along with its unique and efficient platform, has allowed the Company to significantly grow scale and profitability + Strong top-line and margin growt
Slide 26: Summary Financials
Summary Financials YoY Growth (Sin thousands) BNSF 2016 FY OY) 20187 FY 20197 FY 2016 2017 2010" 2019" Total Revenue 124199 $165,304 215464 $2618 SIASTE 33.2 30K 215% 203% Total Adjusted Cost of Sales sa25e1___$103985 _suu5853__ 179794 $218.21 «320% 338% 233% 214% Adjusted Gross Profit SHLEIS $56,41
Slide 27: Summary Financials - 1Q (unaudited)
arene Tenia Cotsen jute cro Pre Teague err impact (Aes) tems pot paces by nome a: Nendedcibe noe units pn Total ajusiments impacted income axes ese cont ad deteresinsometac nat jose we none Summary Financials - 1Q (unaudited) sis ss 0 ne sss sem se oa coe om sm 37% sons na see ‘2 8 sx a9 wt sum ww s
Slide 28: Statement of Cash Flows
Statement of Cash Flows (Sia mittons) (Cash Flows from Operating Activities: Net income / Loss) Depreciation & Amortization Share-based Compensation Provision for Bad Debis Debt issuance Cost Amortization Deferred Taxes Lass an Disposals of Property & Equipment Changes in Assets and Liabilities “Acc
Slide 29: Balance Sheet
Balance Sheet Sinton Decomber31 December 31 qo1e Zot” asete Lables Curent Portion of Long-term Cash $376 $59.2 Debt Accounts Receivable, Net a S14 Accounts Payable Ure Transfers & Money Orders Prepaid Wes ua nee tepid panes Cre oa 08 eet aother Total Current Assets: $77.1 ‘$119.1 ‘Total Current Liab
Slide 30: Highly Compelling Investment Opportunity
Highly Compelling Investment Opportunity focuses on prioritizing agent productivity and consistently growing transactions per agent and efficient platform, has allowed the Company to significantly grow scale and profitability intermex Our technology infrastructure allows for the dependable transfer
Slide 31: IV. Appendix
Iv. Appendix
Slide 32: Experienced and Proven Management Team
Experienced and Proven Management Team Results-driven management team with 110+ years of combined industry experience + Execution focused management with deep industry experience and operational expertise that has successfully increased scale, expanded the ecosystem and driven growth + Maintain an e
Slide 33: Large Industry with Accelerating Growth
Large Industry with Accelerating Growth The LAC Remittance Market Strong Remittance Volume Growth in Intermex’s Core Markets ‘otal Remittnce Volume, $i bilions) mal other zon 2007 wcusienaa —, sveico a $589 $56,7 $580 is : 09 se) she hele kh 200s 2006-2007 20082009) us 2014 ans 2627 Recession Softne
Slide 34: Superior Compliance Culture
Superior Compliance Culture Intermex maintains a highly comprehensive, rigorous compliance process + Conduct all compliance checks through the extensive Key Milestones in the Process compliance module which is part of our proprietary POS . system SPAWN — "know Your Customer” due digence = nadisnedti
Slide 35: From Irma to Earthquake - Testing Resilience
From Irma to Earthquake - Testing Resilience Hurricane Irma + Intermex deployed its Business Continuity Plan (BCP) 3 days before the event, + Mexico and Guatemala subsidiaries supported key stakeholders in Miami + Equipment supplied to key personnel (.e satelite phones, hotspots and backup laptops)
Slide 36: Adjusted EBITDA Reconciliation by Year
Adjusted EBITDA Reconciliation by Year Net Income to Adjusted EBITDA (in millions) 2012 2013 2014-2015 2016-2017 | 2018P 2019P Net (Loss) Income (S13) SLT) «$261 $5.8 $9.4 ($13.5) ($13.6) $23.7 Interest Expense $26 21 S18 $42 $95 1273 $65 Taxes sol sol ($202) $42, S41 S17) $33 $65, Depreciation & Am
Slide 37: Adjusted Net Income Reconciliation by Year
Adjusted Net Income Reconciliation by Year [Net Income to Adjusted Net Income ($ millions) 2012") 2013" 2014 20152016 2018P_ 2019 Net (Loss) Income Gis) tT S261 SSB S84 IBS) SIRE) SRT Adjustments Transaction Costs ' - a Ca nS Incentive Units Plan - : wo 68 Change in Control Adjustment or Stock Optio
Fintech Acquisition Corp. II — SPAC Merger (June 2018) on 6ix