7TM Q1 2022 Earnings April 28, 2022 Forward Looking Statements 2 These materials contain forward-looking statements,including statements regarding: assumptions underlying the Company's future financial performance; future operations; future growth opportunities and expectations; expectations for future revenue performance; expectations for the macro environment; assumptions regarding future fuel prices; assumptions regarding the number of fully diluted shares outstanding; and expectations for volumes. Any s ...

WEX Inc. (NYSE:WEX) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chairman and Chief Executive Officer Jenny Kimball – Interim Chief Financial Officer Conference Call Participants Mihir Bhatia – Bank of America Jeff Cantwell – Wells Fargo Tien Tsin Huang – JP Morgan Bob Napoli – William Blair Dave Koning – Baird Sanjay Sakhrani – KBW Darrin Peller – Wolfe Research Operator Good morning. My name is David ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-32426 WEX INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Financial Data and Key Metrics Changes - In Q4 2021, WEX reported record revenue of $498 million, a year-over-year increase of 25%, with approximately 12% of this increase attributed to higher fuel prices [10][12] - Full year 2021 revenue increased 19% year-over-year to $1.85 billion, with adjusted net income per diluted share growing 51% to $9.14 [34][35] - Adjusted net income per diluted share for Q4 was $2.58, reflecting a 78% increase compared to the same quarter last year [11][37] Business Line Data and Key Metrics Changes - Fleet segment revenue grew 30% year-over-year to $306.8 million, driven by higher fuel prices and new customer wins [38] - Travel and Corporate Payments segment reported a 9% increase in revenue to $81.5 million, with travel-related customer volume up nearly 400% [41][44] - Health segment revenue increased 23% year-over-year, supported by strong organic growth and the acquisition of Benefit Express [46] Market Data and Key Metrics Changes - Total purchase volume processed in Q4 grew 79% year-over-year to $25 billion, indicating strong momentum across all business lines [10] - Full year purchase volume reached $88 billion, up 59% compared to 2020 [13] Company Strategy and Development Direction - WEX is focused on expanding its ecosystem with innovative solutions, including a new agreement with Mastercard to enhance customer purchasing capabilities [15][72] - The company aims to integrate products and services across its three verticals, enhancing customer relationships and driving growth [22][23] - WEX is investing in technology to improve cloud capabilities and AI-driven automation, which are expected to enhance efficiency and scalability [24][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2022 with strong momentum, driven by healthy organic growth and a robust open enrollment season in the health business [29] - The company anticipates revenue growth within its long-term guidance range for 2022, despite the impact of higher fuel prices and accounting changes [60][64] Other Important Information - WEX ended 2021 with $589 million in cash and $759 million of liquidity available under its credit agreement [52][53] - The company has made significant investments in its technology stack, which are expected to drive future growth and profitability [95] Q&A Session Summary Question: Inquiry about the new agreement with Mastercard - Management highlighted that the agreement allows customers to use WEX's proprietary network while also enabling broader purchasing capabilities through Mastercard, particularly appealing to smaller fleet customers [72] Question: Impact of travel renewal on yield in Travel and Corporate Payments - Management indicated that the travel renewal should not have a significant impact on the travel yield, with expectations for rate stability in 2022 [77][81] Question: Key segments' performance relative to pre-pandemic levels - Management noted that North American fleet business volume has surpassed pre-pandemic levels, with expectations for continued growth across all segments [81] Question: Margin improvements and drivers - Management attributed margin improvements to synergy realization from acquisitions, increased volume, and a scalable cost structure [94][96] Question: Revenue per account growth in the health segment - Management explained that revenue per account is increasing due to additional services offered to customers and the new revenue from HSA deposits [99] Question: Capital allocation strategy for 2022 - Management stated that the priority for capital allocation will be internal investments, with plans to spend about 6% of revenue on CapEx [121]

WEX Fourth Quarter 2021 Earnings February 10, 2022 WEX Forward-Looking Statements 2 This earnings materials contain forward-looking statements, including statements regarding: assumptions underlying the Company's future financial performance, future operations; future growth opportunities and expectations; expectations for future revenue performance, future impacts from areas of investment, expectations for the macro environment; and, expectations for volumes. Any statements that are not statements of histo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 (State or other jurisdiction of incorporation or organization) OR 1 Hancock St., Portland, ME 04101 (Address of principal executive offices) (Zip Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...

Financial Performance Highlights - WEX's total revenue for Q3 2021 was $482764 thousand, a 26% increase compared to $382116 thousand in Q3 2020[25] - Adjusted net income attributable to shareholders was $111116 thousand, up 57% from $70854 thousand in Q3 2020[25] - Adjusted net income per diluted share increased by 54% to $245, compared to $159 in Q3 2020[7, 25] Segment Revenue Growth - Fleet Solutions revenue reached $286361 thousand, a 25% increase year-over-year[28] - Travel and Corporate Solutions revenue grew by 42% to $91002 thousand[28] - Health and Employee Benefit Solutions revenue increased by 18% to $105401 thousand[28] Volume and Transaction Metrics - Purchase volume processed across the organization increased by 93% to $26 billion[13] - Travel and Corporate Solutions purchase volume saw a significant increase of 172%, reaching $12799555 thousand[31] - Fleet Solutions payment processing transactions increased by 11% to 134029 thousand[30] Guidance - The company projects Q4 2021 revenue between $468 million and $483 million, representing a 17%-21% year-over-year increase[44] - Adjusted net income for Q4 2021 is expected to be between $102 million and $111 million, a 57%-71% increase[44]

WEX Inc. (NYSE:WEX) Q3 2021 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants Steve Elder - IR Melissa Smith - CEO Roberto Simon - CFO Conference Call Participants Mihir Bhatia - Bank of America Ramsey El-Assal - Barclays Capital Georgios Mihalos - Cowen James Faucette - Morgan Stanley Tien-Tsin Huang - JPMorgan Chase Darrin Peller - Wolfe Research Sanjay Sakhrani - KBW Operator Ladies and gentlemen, thank you for standing by. At this time, I would like to welcome everyone to the W ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR 1 Hancock St., Portland, ME 04101 (Address of principal executive offices) (Zip Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (207) 773–8171 For the transition period from to (Registrant's telephone number, inclu ...

WEX Inc. (NYSE:WEX) Q2 2021 Results Conference Call July 29, 2021 10:00 AM ET Company Participants Steve Elder - VP, IR Melissa Smith - CEO Roberto Simon - CFO Conference Call Participants Sanjay Sakhrani - KBW Bob Napoli - William Blair George Mihalos - Cowen Dan Dolev - Mizuho Trevor Williams - Jefferies Darrin Peller - Wolfe Research Mihir Bhatia - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to the WEX Second Quarter 2021 Earnings Conference Call. [Operator Instr ...