Wex, Inc. (WEX) reaffirms its long-range financial targets

WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, will host its virtual Investor Day today beginning at 9:00 a.m. ET.

Melissa Smith, WEX’s Chair and Chief Executive Officer, and other members of the executive leadership team will provide an update on the Company’s strategy to drive long-term growth and create value for shareholders.

“I am pleased to announce today that we are reaffirming our ambitious and achievable growth targets over the next five years,” said Smith. “Today, WEX is better positioned than ever before as a market leader in each of our businesses, with proven product differentiation, deep expertise, data driven insights, and a platform that is both reliable and scalable. Leveraging strong secular tailwinds, we will continue to expand our addressable revenue opportunity by introducing new products, entering new customer segments and extending our geographic reach. Our commitment to our shareholders remains to deliver strong shareholder value by harnessing our leading technology, cultivating customer relationships and people, and continuing to help our customers simplify the business of running a business.”

Five-Year Growth Targets

In conjunction with today’s event, WEX reaffirmed its long-range financial targets. Assuming stable foreign exchange rates and fuel prices, over the next five years the Company expects to achieve:

• Compounded annual organic revenue growth in the range of 8% to 12%
• Compounded annual total revenue growth in the range of 10% to 15%
• Compounded annual adjusted net income growth in the range of 15% to 20%

Webcast Details

The Investor Day will be held virtually via webcast. The webcast and accompanying slide presentation will be available on the Investor Relations section of the WEX website at http://ir.wexinc.com, or through the following address: https://event.on24.com/wcc/r/3656265/57BD9C6D4E1EFED4E800FF9C45674673. A replay will also be available online for one year following the event.

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