International Money Express, Inc. · NASDAQ:IMXI
International Money Express — Q2 2019 Earnings Presentation
17 slides from International Money Express's earnings presentation, Aug 8, 2019
Slide 1: Second Quarter 2019 Earnings Presentation
Second Quarter 2019Earnings Presentation August 2019
Slide 2: Forward-Looking Statements
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current view with respect to certain events that could have an effect on our futu
Slide 3: On Track to Execute on 2019 Strategic Priorities
On Track to Execute on 2019 Strategic Priorities Priority #1 is to continue driving core growth initiativesLong runway aheadCore expansion in both growth and stronghold statesContinued growth opportunity in secondary and tertiary Latin American marketsExpanding our breadth and depth of service Outbo
Slide 4: Review of Key Performance Indicators
Review of Key Performance Indicators Revenue growth of 17.5% year-over-year Adjusted EBITDA(1) growth of 21.9% year-over-year Intermex continues to aggregate share in Mexico / Guatemala Key growth initiatives across new products and markets Revenue Adj. EBITDA Market Share Expansion Adjusted EBITDA
Slide 5: Intermex Growth Story
Intermex Growth Story Money Transfer Transactions Volume (# In millions) ($ in millions) Adjusted EBITDA reflects add-backs for one-time, non-recurring items. Please see page 17 for detail on adjustments to EBITDA and a reconciliation of Net Income to Adjusted EBITDA Revenue Adjusted EBITDA(1) ($ in
Slide 6: Second Quarter 2019 Performance Highlights
Second Quarter 2019 Performance Highlights Generated impressive year-over-year growth of key metrics:17.5% revenue growth21.9% Adjusted EBITDA growth(1)16.3% growth in remittance volumeAdjusted net income of $9.6 million or $0.26 adjusted earnings per share(1)Net income of $7.1 million vs. $1.8 mill
Slide 7: Business Model Resiliency
Business Model Resiliency Year-over-Year Growth in Mexico Remittance Volume Intermex’s differentiated business model can aggregate share at an accelerated pace during periods of moderated industry growth Source: Banco de Mexico, World Bank US outbound volumes and Intermex company data
Slide 8: Favorable, Fragmented Competitive Landscape
2014 2018 2Q19 14.0% 24.0%(3) 25.4%(3) All Others 86.0% 76.0% 74.5% 2014 2018 2Q19 7.9% 17.4%(3) 18.3%(3) All Others 92.1% 82.6% 82.0% Favorable, Fragmented Competitive Landscape LAC Market Landscape Intermex enjoys a strong and growing position across key target markets Intermex Share of Key Target
Slide 9: Market Share and Percent of Industry Growth: Tier I Countries
Volume Growth captured by Others Intermex Market Share Mexico Remittance Volume Growth Guatemala Remittance Volume Growth Volume Growth captured by Intermex Source: Banco de Mexico, Banco de Guatemala, World Bank US outbound volumes and Intermex company data Market Share and Percent Of Industry Grow
Slide 10: Market Share and Percent of Industry Growth: Tier II Countries
Volume Growth captured by Others Intermex Market Share El Salvador Remittance Volume Growth Honduras Remittance Volume Growth Volume Growth captured by Intermex Market Share and Percent Of Industry GrowthTier II Countries Intermex incurred solid growth to El Salvador despite the El Salvador market g
Slide 11: Incremental Growth
Incremental Growth We believe these opportunities should contribute to Revenue and Adjusted EBITDA in 2020 and beyond New markets and value-add customer services are long-term growth opportunities Africa inbound – 1Q19 launchAfrica’s total addressable market could be similar to Guatemala in terms of
Slide 12: Reiterating 2019 Financial Guidance
Reiterating 2019 Financial Guidance A quantitative reconciliation of projected 2019 Adjusted EBITDA to the most comparable GAAP measure is not available without unreasonable efforts because of the inherent difficulty in forecasting and qualifying the amounts necessary under GAAP guidance for one-tim
Slide 13: Appendix
y intermex, INTERNATIONAL MONEY EXPRESS V Appendix
Slide 14: Consolidated Balance Sheets
Consolidated Balance Sheets
Slide 15: Consolidated Statements of Operations
Consolidated Statements of Operations
Slide 16: Net Income to Adj. Net Income Reconciliation
Net Income to Adj. Net Income Reconciliation
Slide 17: Net Income to Adj. EBITDA Reconciliation
Net Income to Adj. EBITDA Reconciliation
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