Remitly Global, Inc. · NASDAQ:RELY
Remitly Global — Q4 2024 Earnings Presentation
20 slides from Remitly Global's earnings presentation, Feb 19, 2025
Slide 1: Investor Presentation Fourth Quarter 2024 Earnings
Investor Presentation Fourth Quarter 2024 Earnings February 19, 2025 1 February 2025 / © 2025 Remitly Inc.
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limit
Slide 3: 4Q Strategic Overview
4Q Strategic Overview Matt Oppenheimer Co-Founder & CEO 3 February 2025 / © 2025 Remitly Inc.
Slide 4: Exceptional fourth quarter and 2024 results
4Q24 2024 Revenue $352m $1,264m Exceptional 33% Y/Y 34% Y/Y fourth $6m $37m quarter and Profitability GAAP Net Loss GAAP Net Loss 2024 results $44m $135m Adjusted EBITDA* Adjusted EBITDA* *Adjusted EBITDA is a non-GAAP measure. Please see reconciliation of non-GAAP measures to the most comparable GA
Slide 5: Vision
Vision Transform lives with trusted financial services that transcend borders 5 February 2025 / © 2025 Remitly Inc.
Slide 6: Customer experience continues to improve
Customer experience continues to improve Key Outcomes Focus areas across transaction lifecycle 4.9 ● New customer use cases >92% iOS App Store rating3 (~3.2m reviewers) Record customer transactions ● AI-powered virtual disbursed in less than an hour1,2 assistant ● Additional lower cost >95% and conv
Slide 7: Demonstrated success in diversifying revenue
FY 2020 v. FY 2024 Revenue Mix USA Canada Rest of World CAGR Total Revenue 49% $1,264m 80% $297m 47% $141m Demonstrated success $257m in diversifying $826m $28m revenue $30m $199m 43% 2020 2024 +5,100 +5.0b ~470k corridors bank accounts cash pickup and mobile wallets options 7 February 2025 / © 2025
Slide 8: 4Q Financial Results
4Q Financial Results Vikas Mehta CFO 8 February 2025 / © 2025 Remitly Inc.
Slide 9: 4Q — Strong execution
Scale 7.8m $15.4b 32% growth in quarterly 39% growth in active customers send volume over 4Q 2023 over 4Q 2023 4Q — Strong Revenue $351.9m 33% growth in revenue execution over 4Q 2023 Profitability $5.7m $43.7m *Adjusted EBITDA is a non-GAAP measure. Please see GAAP Net Loss Adjusted EBITDA* reconci
Slide 10: Four key focus areas to drive sustainable, long-term returns
Four key focus areas to drive sustainable, long-term returns Quarterly Active Customers Revenue (in thousands) YoY % YoY % Growth 41% 36% 36% 35% 32% Growth 39% 32% 31% 39% 33% Revenue less Transaction Expense (RLTE) Adjusted EBITDA1 Net Income (Loss) ($35) ($21) ($12) $2 ($6) YoY % Adj. EBITDA Grow
Slide 11: Effectively managing stock based compensation and dilution
Effectively managing stock based compensation and dilution Stock Based Compensation Dilution1 Net Burn Rate2 as a % of Revenue Actions Expect net burn rate to continue downward trend ● Disciplined hiring — ● Cash in lieu of equity for new hires Expect positive GAAP Net Income in 2025 ● CEO declined
Slide 12: 2025 and Q1 2025 Outlook
2025 $1.565b-$1.580b 2025 Revenue 24% to 25% YoY growth 2025 and Q1 — Q1 2025 2025 Outlook $180m-$200m 2025 Adjusted EBITDA $345m-$348m Q1 2025 Revenue 28% to 29% YoY growth Note: We expect to remain in a GAAP net-loss position in Q1 2025 and expect positive GAAP net income for the full — year 2025.
Slide 13: Flywheel momentum generating significant value
Better prices Flywheel Customer momentum Service experience selection generating significant value Growth & More than doubled revenue Profitability and more than tripled RLTE Lower cost since IPO in 2021 structure Customer actions 13 February 2025 / © 2025 Remitly Inc.
Slide 14: Q&A
Q&A 14 February 2025 / © 2025 Remitly Inc.
Slide 15: Customer testimonial: Jigyasa
“ Jigyasa Remitly customer since 2018 Sends money from I haven’t used United States to India anything apart from Remitly…. It is very intuitive, no fluff. 15 February 2025 / © 2025 Remitly Inc.
Slide 16: Appendix
Appendix 16 February 2025 / © 2025 Remitly Inc.
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). We regularly review our key busin
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating 2024 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 expenses (in thousands) Customer support and operations $83,918 $22,008 $21,792 $19,999 $20,119 $19,917 Excluding: Stock-based compensation expense, net 1,158 268 278 259 3
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA and calculation of Adjusted EBITDA Margin (in thousands, except for percentages) 2024 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 Net income (loss) ($36,978) ($5,724) $1,917 ($12,091) ($21,080) ($35,021) Add: Interest income,
Slide 20: Thank you.
Thank you. February 2025 / © 2025 Remitly Inc.