International Money Express, Inc. · NASDAQ:IMXI
International Money Express — Q1 2025 Earnings Presentation
19 slides from International Money Express's earnings presentation, May 7, 2025
Slide 1: First Quarter 2025 Earnings Presentation
First Quarter 2025 Earnings Presentation May 7th, 2025
Slide 2: Safe Harbor Statement / Non-GAAP Financial Measures
Safe Harbor Statement / Non-GAAP Financial Measures This presentation 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 coul
Slide 3: Intermex First Quarter 2025 Highlights
Intermex First Quarter 2025 Highlights Q1 2025 FY 2023 Revenue $144.3M -4.1% YoY Net Income $7.8M -35.5% YoY Adjusted EBITDA (1) $21.6M -15.0% YoY Adjusted Net Income (1) $10.9M -25.9% YoY Diluted EPS $0.25 -28.6% YoY Adjusted Diluted EPS (1) $0.35 -18.6% YoY (1) Non-GAAP measure. See Appendix for r
Slide 4: Key Operational Metrics
Key Operational Metrics Q1 2025 Unique US-Latam market dynamic Total Principal Sent $5.6B +3.7% YoY Despite a decrease in total transactions YoY, total and average Money Transfer Transactions 12.8M -5.2% YoY principal sent rose YoY Average Principal Sent per Transaction $438 +9.4% YoY Digital Transa
Slide 5: Growth Drivers
intermex INTERNATIONAL MONEY EXPRESS Growth Drivers
Slide 6: Financial Performance Metrics Over Time
Financial Performance Metrics Over Time Q1 22 Q1 23 Q1 24 Q1 25 Volume $4.4B $5.3B $5.4B $5.6B +3.7% YoY Unique US-Latam market dynamic Revenue $114.7M $145.4M $150.4M $144.3M -4.1% YoY Net Income $11.7M $11.8M $12.1M $7.8M Diluted EPS $0.30 $0.31 $0.35 $0.25 Adjusted Net Income (1) $13.4M $14.2M $1
Slide 7: Strong Cash Generation & Balance Sheet
Strong Cash Generation & Balance Sheet Net Free Cash Generated (1) Liquidity Summary ($ in Millions) $13.9 ▪ Cash & Cash Equivalents: $152M $10.1 $10.3 ▪ Undrawn Revolver* at Mar 31: $278M $4.0 Leverage Q1 22 Q1 23 Q1 24 Q1 25 Net Free Cash Generated Calculation (Unaudited) (Unaudited) (Unaudited) (
Slide 8: Capital Allocation Priorities
Capital Allocation Priorities Reinvest 1 Retail: investment in regional sales team and agent acquisition Digital: enhancement of digital solutions Returning Capital* 2 Q1 2025: $5.0M in stock buybacks ~$45.0M (1,2) Net Free Cash Generated in last 12 months Value-focused M&A 3 La Nacional: Further pe
Slide 9: 2025 Outlook
2025 Outlook Full Year 2025 Guidance (1) $634.9M – $654.2M $1.53 – $1.65 Revenue Diluted EPS(2) $103.6M – $106.8M $1.86 – $2.02 Adjusted EBITDA(1) Adjusted Diluted EPS (1),(2) (1) A quantitative reconciliation of projected Adjusted EBITDA and Adjusted Diluted EPS to the most comparable GAAP measure
Slide 10: Appendix
intermex INTERNATIONAL MONEY EXPRESS Appendix
Slide 11: Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet March 31, December 31, (in thousands of dollars) 2025 2024 ASSETS (Unaudited) Current assets: Cash and cash equivalents $ 151,764 $ 130,503 Accounts receivable, net of allowance of $4,095 and $3,546, respectively 131,026 107,077 Prepaid wires, net 32,577 49,205 P
Slide 12: Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income Three Months Ended March 31, (in thousands of dollars, except for share data) 2025 2024 (Unaudited) Revenues: Wire transfer and money order fees, net $ 120,167 $ 126,921 Foreign exchange gain, net 20,181 20,346 Other income 3,962 3,145 Total revenues 144,3
Slide 13: Recon. from Net Income to Adjusted Net Income
Recon. from Net Income to Adjusted Net Income Three Months Ended March 31, (in thousands of dollars, except for share data) 2025 2024 (Unaudited) Net Income $ 7,769 $ 12,106 Adjusted for: Share-based compensation (a) 2,112 2,153 Restructuring costs (b) 306 - Transaction costs (c) 1,169 10 Other char
Slide 14: Recon. from Net Income to Adjusted EBITDA
Recon. from Net Income to Adjusted EBITDA Three Months Ended March 31, (in thousands of dollars) 2025 2024 (Unaudited) Net income $ 7,769 $ 12,106 Adjusted for: Interest expense 2,700 2,702 Income tax provision 3,606 4,778 Depreciation and amortization 3,629 3,228 EBITDA 17,704 22,814 Share-based co
Slide 15: Recon. from Basic EPS to Adjusted Basic EPS
Recon. from Basic EPS to Adjusted Basic EPS Three months ended March 31, 2025 2024 (Unaudited) Basic Earnings per Share $ 0.25 $ 0.36 Adjusted for: Share-based compensation 0.07 0.06 Restructuring costs 0.01 - Transaction costs 0.04 NM Other charges and expenses 0.01 0.01 Amortization of intangibles
Slide 16: Recon. from Diluted EPS to Adjusted Diluted EPS
Recon. from Diluted EPS to Adjusted Diluted EPS Three months ended March 31, 2025 2024 (Unaudited) Diluted Earnings per Share $ 0.25 $ 0.35 Adjusted for: Share-based compensation 0.07 0.06 Restructuring costs 0.01 - Transaction costs 0.04 NM Other charges and expenses 0.01 0.01 Amortization of intan
Slide 17: Recon. of NI Margin to Adj. EBITDA Margin
Recon. of NI Margin to Adj. EBITDA Margin Three Months Ended March 31, 2025 2024 (Unaudited) Net Income Margin 5.4% 8.0% Adjusted for: Interest expense 1.9% 1.8% Income tax provision 2.5% 3.2% Depreciation and amortization 2.5% 2.1% EBITDA 12.3% 15.2% Share-based compensation 1.5% 1.4% Restructuring
Slide 18: Recon. of NI to Net Free Cash Generated
Recon. of NI to Net Free Cash Generated For the three months ended March 31, (in thousands of dollars) 2025 2024 (Unaudited) Net income for the period $ 7,769 $ 12,106 Depreciation and amortization 3,629 3,228 Share-based compensation 2,112 2,153 Provision for credit losses 2,066 1,595 Cash used in
Slide 19: 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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