{ "docId": "019de513-eb54-7482-925a-01ef41930ccd", "docSlug": "d24017c978681c0a2df44e99c8186145", "documentTitle": "Remitly | Results Presentation Deck | 29 slides", "authorId": "remitly", "authorName": "Remitly", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 26, "pageCount": 29, "prevPage": 25, "nextPage": 27, "slideType": "disclaimer", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-eb54-7482-925a-01ef41930ccd/26", "deckHref": "/decks/019de513-eb54-7482-925a-01ef41930ccd", "deckJsonHref": "/decks/019de513-eb54-7482-925a-01ef41930ccd.json", "deckAnchorHref": "/decks/019de513-eb54-7482-925a-01ef41930ccd#slide-26", "components": [ { "bbox": { "h": 0.0167, "w": 0.0183, "x": 0.0533, "y": 0.9333 }, "kind": "other", "text": "26", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b9679920-68ca-4edc-9e2b-c3373fe5302c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.355, "w": 0.8075, "x": 0.0883, "y": 0.3308 }, "kind": "paragraph", "text": "We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output measures used by our management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those relating to operating expenses and the allocation of internal resources. Remitly believes that the use of Adjusted EBITDA and non-GAAP operating expenses provide additional tools to assess operational performance and trends in, and in comparing Remitly's financial measures with, other similar companies, many of which present similar non-GAAP financial measures to investors. Remitly's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented herein in conjunction with Remitly's financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this presentation for a reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "00180b9f-6a11-4792-b08f-50b7f3ea8566", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.145, "w": 0.8075, "x": 0.0883, "y": 0.7083 }, "kind": "paragraph", "text": "We calculate Adjusted EBITDA as net loss adjusted by (i) interest expense, net; (ii) provision for income taxes; (iii) noncash charge of depreciation and amortization; (iv) other expense (income), net, including gains and losses from the remeasurement of foreign currency assets and liabilities into their functional currency, and (v) non-cash stock-based compensation expense, net, as well as non-cash charges associated with our donation of common stock in connection with our Pledge 1% commitment. We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) non-cash stock-based compensation expense, as well as (ii) non-cash charges associated with our donation of common stock in connection with our Pledge 1% commitment.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2cf181d4-3552-43b0-bf09-86d6b9dd07ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.045, "w": 0.8075, "x": 0.0883, "y": 0.2408 }, "kind": "paragraph", "text": "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\").", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "75091f36-35d3-4a10-ac5a-1f8c97d37c51", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.0167, "w": 0.1517, "x": 0.0883, "y": 0.9333 }, "kind": "source-note", "text": "August 2022 / © 2022 Remitly Inc.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "50cd9e97-5eb0-467d-8c55-aba22928b7f5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.0283, "w": 0.2642, "x": 0.3675, "y": 0.1025 }, "kind": "title", "text": "Non-GAAP Measures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "702f820e-51ab-4785-a27c-2d85f273f86c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Authority citation", "slug": "authority-citation", "agent": null, "layer": "slide", "matchId": "f5a5675c-a31e-4c9c-be80-a6fd56e460c3", "evidence": "The slide mentions that the financial information is not prepared in accordance with United States generally accepted accounting principles (GAAP).", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 29, "from": 23, "beatId": "ac444cbc-8cec-4747-aa51-6b2aa930b5f1", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Resolution", "beatSlug": "resolution", "evidence": "The deck concludes with a Q&A section, appendix, and thank you page.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }