Riskified Ltd. · NYSE:RSKD

Riskified — Q2 2021 Earnings Presentation

15 slides from Riskified's earnings presentation, Sep 9, 2021

  1. Slide 1: Q2 2021 Financial Results Supplemental Slides

    Q2 2021 Financial Results Supplemental Slides September 9, 2021

  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 and non-GAAP operating expenses. We define GMV as the gross total dollar value of orders received by our merchants and reviewed t

  4. Slide 4: Meet Riskified

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

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

    We Operate in Massive ~$6.4 trillion global Markets With Strong eCommerce GMV in 20241 Tailwinds Solving Problems That Touch All eCommerce Orders $4.3 trillion global eCommerce GMV in 20201 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: Q2 2021 Business Highlights

    Q2 2021 Business Highlights Onboarded several prominent new Processed more than 150 million new merchants in multiple growing eCommerce eCommerce transactions through the categories, some in new verticals that Riskified platform during the quarter Riskified has not previously served, e.g. payments pla

  9. Slide 9: 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

  10. Slide 10: Q2 2021 Financial Highlights

    Q2 2021 Financial Highlights GMV $21.5B, up 55% YoY Revenue $55.7M, up 47% YoY Gross Profit $33.3M, up 65% YoY Adjusted EBITDA $1.6M, up from $(1.1M) in Q2’20

  11. Slide 11: Outlook

    Outlook Full Fiscal Year 2021 Revenue $224.4M - $225.4M +32.2% - 32.8% YoY Adjusted EBITDA $(26.3M) - $(25.3M) Q3 2021 Revenue $50.7M - $51.2M # Q3 QTD Weighted average shares outstanding of ~109M # Q4 QTD Weighted average shares outstanding of ~161M

  12. Slide 12: Investor Relations

    Investor Relations: Chris Mammone, The Blueshirt Group for Riskified ir@riskified.com Corporate Communications: press@riskified.com

  13. Slide 13: Appendix

    Appendix

  14. Slide 14: Q2'21 GAAP Financial Results

    Q2’21 GAAP Financial Results $ in thousands Q2'21 Q2'20 Revenue 55,692 37,807 Cost of revenue 22,390 17,670 Gross profit 33,302 20,137 Operating expenses: Research and development 12,439 10,382 Sales and marketing 14,812 11,276 General and administrative 7,701 6,150 Total operating expenses 34,952 27

  15. Slide 15: Q2'21 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA

    Q2’21 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA $ in thousands Q2'21 Q2'20 GAAP Net profit (loss) (20,489) (7,269) Non GAAP expenses: Share-based compensation expense 2,577 6,228 Depreciation and amortization 628 310 Interest income, net (35) (58) Other (income) expense, net 18,565 (

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