Slide 1: 1
1
Slide 2: Welcome
Welcome Kristo Käärmann Co-Founder and Chief Executive Officer
Slide 3: Continuing growth on a long-term mission
Continuing growth on a long-term mission Active Cross Border Customer Underlying Underlying Customers Volume Holdings1 Income Profit before tax Million £ billion £ billion £ million £ million 2.8x 2.8x 2.9x 6.4x 3.4x 7.7x 1 Customer holdings is the total of the amount of customer balances in the Wis
Slide 4: Money without borders
Ready for designmain deck MONEY WITHOUT BORDERS Weʼre building the best way to move and manage the worldʼs money. Min fees. Max ease. Full speed.
Slide 5: A massive problem for people and businesses
A massive problem for people and businesses 5
Slide 6: £3T moved cross border annually by people
£3T £3T moved cross border annually by people in a marketing growing 20% in last 2 years Wise 5% market share 5%
Slide 7: £3T and £15T moved annually by people and SMBs
£3T £15T £15T moved cross border moved annually by small businesses moved annually annually by SMBʼs by in a market growing nearly 50% people over the last 2 years Wise 1% market share 5% 1%
Slide 8: £30T+ opportunity for our infrastructure
£3T £15T £16T moved moved annually moved annually annually by SMBʼs by large enterprises by people 5% 1% £30T+ opportunity for our infrastructure Source: Market size based on EDC study 2024; SMB includes small and medium sized businesses with less than 250 employees or $100m revenue.
Slide 9: Moving trillions as the network for the world's money
Ready for designmain deck moving trillions rather than billions as the network for the worldʼs money providing people andforbusinesses As ‘theʼ network the worldʼs money with an account that is truly international The international account for people and businesses 9
Slide 10: More people, businesses, and platform partners joining
Ready for designmain deck To solve this problem for many more customers, we need: A global infrastructure enabling the instant movement of The infrastructuremoney for the at the lowest possible Products customers unit cost Profitable financial worldʼs money evangelise with savings model for long ter
Slide 11: The infrastructure for the world's money
The infrastructure for the worldʼs money 11
Slide 12: Wise in Numbers
Wise in Numbers Ready for design 12
Slide 13: Wise in Numbers
Wise in Numbers Ready for design 13
Slide 14: Wise in Numbers
Wise in Numbers Ready for design 14
Slide 15: Additional licences enhance and expand our proposition
Additional licences enhance and expand our proposition AD II licence Australian in India Financial Services Licence for Investments Removing the $5K Unlocking Wise cap on transfers Assets out of India 15
Slide 16: Wise in Numbers
Wise in Numbers Ready for design 16
Slide 17: The value of direct connections
The value of direct connections Demanding regulatory Full end-to-end control approval process within payment network ● Multi-year application and ● Remove middleman costs integration process ● Faster transfers for customers ● Limited number of integrations available ● Reliable experience ● Highest o
Slide 18: Deepening our infrastructure, widening our moat
Deepening our infrastructure, widening our moat Six direct connections to Substantial benefits domestic payment systems, now including the Philippines. 9x lower bank costs post direct integration Instant transfers from 24% to 83% 75% reduction in customer contacts Payments First non-bank Institutio
Slide 19: Our infrastructure enables fast, low cost payments for customers
Our infrastructure enables fast,low cost payments for customers Significantly faster Low cost and payment speeds cheaper than banks Cross border take rate % 19
Slide 20: Large transfers
2 Large Amount Tansors|Ts 55. wise.com/bfarge-amounts) FIWIS@ — GEEEED eesiness Pato LARGE TRANSFERS NEED MORE THAN A GREAT RATE We don't do hidden fees or exchange rate markups. And we believe your large transfer deserves dedicated support —as well as a low fee. You send exactly 2,000,000 oGeP 1998
Slide 21: Products Customers Love
Products Customers Love 21
Slide 22: Serving customers through three great products
Serving customers through three great products for cross border transfers and increasingly more Wise Account Wise Business Wise Platform 22
Slide 23: Wise Account adoption
1 Wise Account adoption Personal Business up from 44% Q2 FY24 up from 58% Q2 FY24 Notes: ¹Adoption defined as Percentage of total Q2 FY25 active customers (personal and business) who have adopted more than one product; where a product is defined as one of Send, Spend, Receive, Hold & Convert. 23
Slide 24: Wise Account launches in the Philippines
Wise Account launches in the Philippines Freelancers getting paid in any currency InstaPay integration takes instant payouts from 8% to 80% Outward transfers from the Philippines are launching next 24
Slide 25: Raising the limit on transfers
Raising the limit on transfers India $5000 per transaction limit increased to $250,000 per year with ADII licence Japan ¥1m limit increased to ¥150m as we operationalise under Type 1 licence
Slide 26: Receive payments into the Wise Business Account
Receive payments into the Wise Business Account via Swift in Wise Business currencies customers paid by other Wise customers 26
Slide 27: A growing portfolio of Wise Platform partners
A growing portfolio of Wise Platform partners means even more customers are having their expectations radically re-set * Wise expected to become increasingly competitive on speed, price and convenience: an ideal infrastructure partner. New partners in FY25 Wise Platform expected to generate Nubank,
Slide 28: We expect our investments to result in Wise moving trillions
We expect our investments to result in Wise Ready for designmain deck moving We expect £1 Wise to trillion move cross trillions border of cross volume and providing border volume the and become marketthe international leading bank account international banking experience for people and businesses T
Slide 29: Building the best way to move and manage the world's money
Weʼre building the best way to move and manage the worldʼs money, making Wise increasingly valuable People and The network for the Products Wise is businesses are worldʼs money customers love growing fast moving trillions cross and profitable border Large addressable Technology first Evangelical cus
Slide 30: Wise is growing fast and profitable
Wise is growing fast and profitable 30
Slide 31: Moving trillions as the network for the world's money
Ready for designmain deck Moving trillions as ‘theʼ network for the worldʼs money Market leading international As ‘theʼ network for the worldʼs account money for people and businesses The international account for people and businesses 31
Slide 32: Growth and scaling creates capacity to reinvest
Ready for design Growth Growth and and Ready for designmain deck scaling Our investment choices scaling creates creates capacity to reinvest while capacity toterm delivering long Better customer experience More volume and scale More gross profit reinvest. earnings growth. More Invest in marketing cu
Slide 33: Continuing growth on a long-term mission
Continuing growth on a long-term mission Active Cross Border Customer Underlying Underlying Customers Volume Holdings1 Income Profit before tax Million £ billion £ billion £ million £ million 2.8x 2.8x 2.9x 6.4x 3.4x 7.7x 1 Customer holdings is the total of the amount of customer balances in the Wis
Slide 34: Investments fuel customer growth
Investments fuel customer growth Personal Active 4yr CAGR Business Active 4yr CAGR Customers Millions) 29% Customers Thousands) 28% 25% 11% Notes: Comparison is H1 FY25 vs H1 FY24. 34
Slide 35: Customer growth drives more volumes
Customer growth Cross Border Volume1 £bn 4yr CAGR drives more 30% volumes 19% 18% 20% Notes: 1Defined as a XCCY transfer amount received by recipients and is known as converted volume. ¹Comparison is H1 FY25 vs H1 FY24. Additional comments: H1 FY25 YoY growth is 21% on a constant currency basi
Slide 36: Wise Account customer holdings are growing quickly
Wise Account 1 Customer Holdings £bn 4yr CAGR 59% customer holdings are growing quickly with 20% now held in Assets 31% 107% 20% Notes: 1 Includes amounts invested in the “Interestˮ Assets and “Stockˮ Assets products, where available. AUC is off balance sheet. Comparison is H1 FY25 vs H1 FY24
Slide 37: Wise Account adoption drives card and other revenues
Wise Account Card and other revenue £m 4yr CAGR adoption drives 84% card and other revenues 52% Notes: Comparison is H1 FY25 vs H1 FY24. 37
Slide 38: Investments in efficiency enabling lower pricing
Investments in Cross border take rate % efficiency enabling lower pricing 4bps through H1 FY25 2bps 2bps 67bps 59bps Q4 FY24 Efficiency Reallocation Mix Q2 FY25 driven price with 2bps reductions equivalent now in ‘card and other revenueʼ 38
Slide 39: Underlying income has increased as more customers use more products
Underlying income has increased as Underlying income1 by customer type £m 4yr CAGR 36% more customers use more of our 19% products 21% 14% Notes: ¹Underlying income is defined as revenue + the first 1% yield of net interest income on customer balances. Comparison is H1 FY25 vs H1 FY24. 39
Slide 40: Diversification of underlying income
Ready for design Diversification of underlying income Diversification37% of non-cross) driven by Wise Account underlying income 37% non-cross border) driven by Wise Account YoY 23% YoY 52% YoY 9% 40
Slide 41: 30% growth in underlying gross profit creates capacity for investment
30% growth in £m H1 H1 YoY % underlying gross FY24 FY25 profit creates capacity for Underlying income 555 662 19% investment. Cost of sales 167 157 6% Underlying gross profit 388 505 30% Underlying gross profit margin % 70% 76% 6ppts c.3ppts of the H1 FY25 underlying gross profit margin ref
Slide 42: Cost growth reflective of a growing business
Cost growth Administrative expenses £m reflective of a growing business 24% as we invest more and serve more customers Notes: 1Administrative expenses comprise Marketing, Technology and development, Consultancy and outsourced services , Other administrative expenses, Depreciation and amortisation
Slide 43: We have a highly profitable underlying business model
We have a highly Underlying profit before tax1 £m and margin % profitable underlying business model 22% 4yr CAGR 67% 57% Investments in pricing in H1 expected to move us closer to 17% achieving our target margin range of 1316% in H2 FY25 16% Target margin range 13% H1 FY24 H1 FY25 H2 FY25 Not
Slide 44: Additional interest income contributing to increased reported profit before tax
Additional interest Underlying to Reported PBT £m income contributing 4yr CAGR to increased reported 95% profit before tax and EPS of 21.1p 51% Notes: ¹Comparison is H1 FY25 vs H1 FY24. 44 *c.30ppts related to the UK
Slide 45: Continuing to expect strong growth and healthy levels of profitability
Continuing to expect strong growth and healthy levels of profitability 1520% underlying income growth in FY25 and as a CAGR over the medium term Growth Driven by customer growth from investments including reductions in price Targeting 1316% of underlying income, Profitability moving towards this f
Slide 46: Welcome
Welcome Kristo Käärmann Co-Founder and Chief Executive Officer
Slide 47: More evangelical customers
More evangelical customers More features in more places More marketing Wowed by experience Lowest = possible fee 47 47
Slide 48: Moving trillions as the network for the world's money
Ready for designmain deck Moving trillions as ‘theʼ network for the worldʼs money Market leading international As ‘theʼ network for the worldʼs account money for people and businesses The international account for people and businesses 48
Slide 49: Disclaimer
Disclaimer This document and any accompanying materials or presentation may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words su
Slide 50: 50
50