Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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PayPal Acquires Xoom for $890 mm<br />
Xoom: Selected Business / Financial Metrics<br />
India represents<br />
Xoom’s largest<br />
receiving country<br />
so the Company<br />
has significant<br />
exposure to large<br />
moves in the<br />
Indian Rupee<br />
The Company<br />
specifically called<br />
out the impact<br />
from the Rupee in<br />
2Q13 <strong>and</strong> 3Q13<br />
($ in mm)<br />
72%<br />
$17<br />
85%<br />
$21 $20<br />
51%<br />
$6mm Rupee<br />
impact in Q2 2013<br />
$22<br />
$24<br />
42% 43%<br />
Revenue / YoY Growth % (1)<br />
$33 $32 $32<br />
6 3<br />
31%<br />
$3mm Rupee<br />
impact in Q3 2013<br />
$36<br />
47% 45% 48% 45%<br />
$40 $39<br />
35% 37%<br />
$44 $44<br />
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15<br />
24%<br />
Adjusted EBITDA / % Margin (2)<br />
($ in mm)<br />
Rupee-related activity in<br />
Q2-Q3 2013<br />
$6.1<br />
$5.1 $5.0<br />
$6.5<br />
$3.3 $3.3 $3.5<br />
$3.7<br />
18%<br />
$1.6<br />
10% 10% 10%<br />
13% 13%<br />
15%<br />
8%<br />
$0.4<br />
($0.3) ($0.8)<br />
$0.3<br />
6%<br />
1%<br />
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15<br />
Source: SEC filings <strong>and</strong> earnings press release.<br />
(1) YoY growth percentage adjusted to remove affect of Rupee.<br />
(2) Adjusted EBITDA defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation <strong>and</strong> BEC fraud loss.<br />
83
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