International Money Express, Inc. · NASDAQ:IMXI
International Money Express — Q4 2024 Earnings Presentation
21 slides from International Money Express's earnings presentation, Feb 26, 2025
Slide 1: Fourth Quarter 2024 Earnings Presentation
Fourth Quarter 2024 Earnings Presentation February 26th, 2025
Slide 2: Safe Harbor Statement / Non-GAAP Financial Measures
Safe Harbor Statement / Non-GAAP Financial Measures This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, which reflect our current views concerning certain events that are not historical facts but cou
Slide 3: Intermex Fourth Quarter 2024 Highlights
Intermex Fourth Quarter 2024 Highlights Q4 2024 FY 2023 Revenue $164.8M -4.1% YoY Net Income $15.4M -12.1% YoY Adjusted EBITDA (1) $30.9M -7.2% YoY Adjusted Net Income (1) $17.8M -10.6% YoY Diluted EPS $0.49 +0.0% YoY Adjusted Diluted EPS (1) $0.57 +1.8% YoY (1) Non-GAAP measure. See Appendix for re
Slide 4: Intermex Full Year 2024 Highlights
Intermex Full Year 2024 Highlights FY 2024 FY 2023 Revenue $658.6M ~flat~ YoY Net Income $58.8M -1.2% YoY Adjusted EBITDA (1) $121.3M +1.1% YoY Adjusted Net Income (1) $70.4M -0.8% YoY Diluted EPS $1.79 +9.8% YoY Adjusted Diluted EPS (1) $2.14 +9.7% YoY (1) Non-GAAP measure. See Appendix for reconci
Slide 5: Key Operational Metrics
Key Operational Metrics Q4 2024 FY 2023 [TBU]M [x]% YoY Active and Unique Customers ~3.9M ~flat~ YoY(1) 14.8M -3.2% YoY Money Transfer Transactions 14.8M -3.2% YoY 0.8M +71.7% YoY Digital Transactions 0.8M +71.7% YoY Digital Send / Receive as a % of Transactions 5.7% 37% 77.3% 12.1%YoY YoY Total Pri
Slide 6: Growth Drivers
iIntermex INTERNATIONAL MONEY EXPRESS Growth Drivers g intermex
Slide 7: Consistent Strength Across All Key Metrics
Consistent Strength Across All Key Metrics Q4 21 Q4 22 Q4 23 Q4 24 CAGR Revenue $127.2M $154.4M $171.8M $164.8M +9.0% Net Income $13.1M $13.1M $17.5M $15.4M +5.4% Diluted EPS $0.33 $0.35 $0.49 $0.49 +14.1% Adjusted Net Income (1) $15.9M $17.6M $19.9M $17.8M +3.9% Adjusted EPS (1) $0.40 $0.46 $0.56 $
Slide 8: Consistent Strength Across All Key Metrics
Consistent Strength Across All Key Metrics 2021 2022 2023 2024 CAGR Revenue $459.2M $546.8M $658.7M $658.6M +12.8% Net Income $46.8M $57.3M $59.5M $58.8M +7.9% Diluted EPS $1.20 $1.48 $1.63 $1.79 +14.3% Adjusted Net Income (1) $57.5M $69.9M $71.0M $70.4M +7.0% Adjusted EPS (1) $1.47 $1.81 $1.95 $2.1
Slide 9: Strong Cash Generation & Balance Sheet
Strong Cash Generation & Balance Sheet $12.0M M&A and $2.1 in Deal / Restructuring Net Free Cash Generated (1) Costs Liquidity Summary ($ in Millions) $18.6 $17.2 $13.7 ▪ Cash & Cash Equivalents: $131M $11.0 ▪ Undrawn Revolver* at Dec 31: $268M $4.5 Leverage Q4 21 Q4 22 Q4 23 Q4 24 Net Free Cash Gen
Slide 10: Capital Allocation Priorities
Capital Allocation Priorities Reinvest ~$38.7M 1 Retail: continued investment in regional sales team and agent acquisition strategy Digital: continued enhancement of digital Net Free Cash solutions with in-app card activations and new payroll programs Generated in last 12 months Returning Capital* 2
Slide 11: 2025 Outlook
2025 Outlook Q1 2025 Guidance Full Year 2025 Guidance $145.5M – $23.3M – $657.5M – $113.8M – $149.9M $24.0M $677.5M $117.3M Revenue Adjusted EBITDA(1) Revenue Adjusted EBITDA(1) $0.32 – $0.40 – $1.76 – $2.09 – $0.34 $0.43 $1.91 $2.26 Diluted EPS(2) Adjusted Diluted EPS(1) Diluted EPS(2) Adjusted Dil
Slide 12: Appendix
iIntermex INTERNATIONAL MONEY EXPRESS Appendix g intermex
Slide 13: Consolidated Balance Sheets
Consolidated Balance Sheets December 31, (in thousands of dollars) 2024 2023 ASSETS (Unaudited) Current assets: Cash and cash equivalents $ 130,503 $ 239,203 Accounts receivable, net of allowance of $3,546 and $2,610, respectively 107,077 155,237 Prepaid wires, net 49,205 28,366 Prepaid expenses and
Slide 14: Consolidated Statements of Income
Consolidated Statements of Income Three Months Ended December 31, Year Ended December 31, (in thousands of dollars, except for share data) 2024 2023 2024 2023 2022 (Unaudited) (Unaudited) Revenues: Wire transfer and money order fees, net $ 137,443 $ 145,185 $ 554,801 $ 561,540 $ 469,162 Foreign exch
Slide 15: Recon. from Net Income to Adjusted Net Income
Recon. from Net Income to Adjusted Net Income Three Months Ended December 31, Year Ended December 31, (in thousands of dollars, except for share data) 2024 2023 2024 2023 2022 (Unaudited) (Unaudited) Net Income $ 15,385 $ 17,499 $ 58,821 $ 59,515 $ 57,331 Adjusted for: Share-based compensation (a) 1
Slide 16: Recon. from Net Income to Adjusted EBITDA
Recon. from Net Income to Adjusted EBITDA Three Months Ended December 31, Year Ended December 31, (in thousands of dollars) 2024 2023 2024 2023 2022 (Unaudited) (Unaudited) Net income $ 15,385 $ 17,499 $ 58,821 $ 59,515 $ 57,331 Adjusted for: Interest expense 2,748 2,783 11,745 10,426 5,629 Income t
Slide 17: Recon. from GAAP Basic EPS to Adjusted Basic EPS
Recon. from GAAP Basic EPS to Adjusted Basic EPS Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) GAAP Basic Earnings per Share $ 0.50 $ 0.51 $ 1.81 $ 1.67 Adjusted for: Share-based compensation 0.01 0.05 0.22 0.23 Restructuting costs 0.01 - 0.09 0.
Slide 18: Recon. from GAAP Diluted EPS to Adjusted Diluted EPS
Recon. from GAAP Diluted EPS to Adjusted Diluted EPS Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) GAAP Diluted Earnings per Share $ 0.49 $ 0.49 $ 1.79 $ 1.63 Adjusted for: Share-based compensation 0.01 0.05 0.21 0.22 Restructuring costs 0.01 - 0
Slide 19: Recon. of NI Margin to Adj. EBITDA Margin
Recon. of NI Margin to Adj. EBITDA Margin Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net Income Margin 9.3% 10.2% 8.9% 9.0% Adjusted for: Interest expense 1.7% 1.6% 1.8% 1.6% Income tax provision 4.0% 4.3% 3.7% 3.9% Depreciation and amortizati
Slide 20: Recon. of NI to Net Free Cash Generated
Recon. of NI to Net Free Cash Generated For the Three Months Ended December 31, For the Year-Ended December 31, (in thousands of dollars) 2024 2023 2024 2023 2022 (Unaudited) (Unaudited) Net income for the period $ 15,385 $ 17,499 $ 58,821 $ 59,515 $ 57,331 Depreciation and amortization 3,664 3,355
Slide 21: Appendix
Appendix Questions or request for conference call please contact: Alex Sadowski, Investor Relations Coordinator IR@intermexusa.com 305-671-8000
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