Slide 1: Q1 2023 Earnings Supplement
Exhibit 99.2 Q1 2023 Earnings Supplement May 9, 2023
Slide 2: Disclosures
Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, in
Slide 3: Our mission is to deliver the most important and complex payments
Execution Fulfillment Our mission is to deliver the most important and complex payments 3
Slide 4: Flywire Q1 2023 Performance
Ff lywire Q1 2023 Performance
Slide 5: GAAP Financial Highlights Q1 2023
GAAP Financial Highlights Q1 2023 $94.4 M 61.8% $(3.7)M Revenue Gross Margin Net Loss 5
Slide 6: Key Operating Metrics (Non-GAAP) Q1 2023
Key Operating Metrics (Non-GAAP) Q1 2023 $7.0M $5.7B $89.1M 67.2% 1 1 1,2 +50.3% (30) bps +35.8% Total Revenue Less Adjusted Adjusted Payment Ancillary Gross EBITDA Volume Services Margin 1. Represents Y-o-Y Growth as compared to Q1 2022 2. Prior year Adjusted Gross Profit and Adjusted Gross Margin
Slide 7: Growth Strategies
Growth Strategies Grow with Grow with Expand our Expand to Pursue strategic existing new ecosystem new industries, & value- clients clients through channel geographies & enhancing partnerships products acquisitions 100%+ YoY 124% 170+ 2022 average New clients in Q1 Growth annual dollar-based 2023 Ag
Slide 8: Growth with New Clients
GROWTH with NEW CLIENTS Our partnership with Flywire is extremely important at UCLA. As the #1 public university we welcome students from all over the world. With this diversity also comes diverse Client Overview banking and we need to make sure all of our students can ● Public research university e
Slide 9: Expand Ecosystem through Channel Partners
EXPAND ECOSYSTEM through CHANNEL PARTNERS + Flywire and Ellucian teams have been working Channel Partner Overview closely to deliver an improved integration and an innovative customer experience. Flywire’s ● Student information systems (SIS), finance & HR, recruiting, retention & analytics solutions
Slide 10: Financial Outlook
Financial Outlook Ff lywire
Slide 11: Q2 2023 Outlook
Q2 2023 Outlook* $71 – $75 M ($5) - ($3) M 1 Revenue Less Adjusted EBITDA Ancillary Services 1. Flywire has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K and has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to f
Slide 12: FY 2023 Outlook
FY 2023 Outlook* $360 - $370M $30 - 36M 1 Revenue Less Adjusted EBITDA Ancillary Services 1. Flywire has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K and has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to fore
Slide 13: Appendix
fl lywir e Appendix
Slide 14: Revenue Less Ancillary Services at Constant Currency
Revenue Less Ancillary Services at Constant Currency* $USD in Millions
Slide 15: Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations
Revenue Less Ancillary Services & Adjusted Gross Margin Reconciliations * *Beginning with the quarter ended December 31, 2022, we have excluded depreciation and amortization from the calculation of our adjusted gross profit, which we believe enhances the understanding of the Company’s operating perf
Slide 16: Revenue Disaggregation by Revenue Type
Revenue Disaggregation by Revenue Type 16 $USD in Millions
Slide 17: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation $USD in Millions 17
Slide 18: Reconciliation of Revenue to Revenue Less Ancillary Services Guidance
Reconciliation of Revenue to Revenue Less Ancillary Services Guidance $USD in Millions 18