Tyro Payments Ltd. · ASX:TYR
Tyro Payments — Shareholder Meeting (November 2021)
17 slides from Tyro Payments's shareholder meeting presentation, Nov 3, 2021
Slide 1: 2021 Annual General Meeting
2021 ANNUAL GENERAL MEETING 3 NOVEMBER 2021 Tyro Payments Limited ABN 49 103 575 042
Slide 2: Chair's Address to Shareholders
Chair’s Address to Shareholders CHAIR’S ADDRESS 2
Slide 3: Global Payments Landscape
Global Payments Landscape Structural shift in the way people pay Effect of COVID-19 on Cash Use (Share of RBA respondents) Innovation in the payments industry Cash Use since COVID-19 Vendor did not accept cash Global partnerships 45% Investment in growth 30% 15% Less Un- More 2019 2020 Often changed
Slide 4: High Level Achievements
High Level Achievements Innovation - Executing against our Strategy 4
Slide 5: FY21 Challenges
FY21 Challenges COVID-19 TERMINAL CONNECTIVITY ISSUE Continued impact on transaction value Developing dongle failover solution for every merchant - industry first move Assistance to our Merchants Make good program in action Safety of our Team Representative proceedings filed in the Federal Court of
Slide 6: Sustainability
Sustainability Sustainability Priorities The priority targets that Tyro is seeking to achieve under its new Sustainability Framework are as follows: ESG PRIORITY TARGET DESCRIPTION TARGET DATE CATEGORY Achieve a gender balance of 40/40/20 representing 40% of Gender balance our workforce made up of w
Slide 7: Board of Directors
Board of Directors David Thodey AO Appointed November 2018 + Chair since Chair & Non-executive Director Independent October 2019 Robbie Cooke Appointed CEO March 2018 + Managing CEO | Managing Director Executive Director since October 2019 Hamish Corlett1 Non-executive Director Independent Appointed
Slide 8: CEO | Managing Director's Address
CEO | MANAGING CHAIR’S DIRECTOR’S ADDRESS 8
Slide 9: Our Purpose, Our Vision, Our Mission
Our Purpose Setting businesses free to get on with business by Tyro h Community s nc t Ca simplifying payments + banking solutions n Ad rcha e va ot- Me In- -N t ap rd sen p re Ot rodu Ca Integra /P P ple he ted Our Mission Our Vision r N ts m Si ew c Secure Fe Types a PAYMENTS tur Fa c i l i t a in
Slide 10: Seven Key Initiatives in FY21
Seven Key Initiatives in FY21 1 P 2 P 3 P 4 P Transformational Bendigo Bank Acquisition of Medipass Tyro Connect integration hub me&u + eCommerce Alliance 5 P 6 P 7 P Open Banking Investment in Paypa Plane Terminal Connectivity Issue Remediation Process NPS +47 Tyro merchant Open Third Merchant bank
Slide 11: Summary Financial Performance - FY21
Summary Financial Performance - FY21 Transaction Value ($’billion) Merchants (#) FY16 - FY20 CAGR +30% 58,186 h 26% in transaction value to record $25.5 billion FY16 - FY21 CAGR +24% $25.5b (FY20: $20.1 billion) 18,490 $20.1b 39,696 h 81% in merchants choosing Tyro reaching $17.5b 58,186 (FY20: 32,1
Slide 12: Summary Financial Performance - FY21 (cont.)
Summary Financial Performance - FY21 (cont.) Loan originations ($’million) Lending loss ($’million) 2.7% Tyro Business Loan 2.1% $60.1m 1.8% • $25.8 million in loan originations (FY20: $60.1 1.6% 1.0% $52.2m million) $1.1m • Auto approval suspended due to COVID 1 July 2020 to 31 Jan 2021 - $3.2 mill
Slide 13: Summary Financial Performance - FY21 (cont.)
Summary Financial Performance - FY21 (cont.) h 14% total revenue to record $238.5 million (FY20: $210.7 million) h 28% gross profit to record $119.4 million (FY20: $93.5 million) up 14% $238.5 M Operational leverage - operating costs1 controlled - h 7.9% vs. Total Revenue gross profit h28% $210.7 m
Slide 14: Looking Ahead
Looking Ahead • Appetite to continue investing to capture segment share growth opportunities - step-up in operational and capex investment in key projects areas: • Tyro Go dongle “…our experience has been that businesses rebound rapidly as normality returns and we remain optimistic as vaccination ra
Slide 15: Trading Update
Trading Update1 PAYMENTS BUSINESS: • Averaged 1,259 new merchant applications per month for first 4 months of FY22 Weekly Transaction Value Growth - FY22 • Transaction value to 29 October 2021 h25% to $8.97 billion (pcp $7.16 billion) 51% • Transaction value in the 2 weeks since NSW came out of lock
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Slide 17: Disclaimer
Disclaimer The material in this presentation is general background information about Tyro Payments Limited (Tyro) and is current at the date of the presentation, 3 November 2021. The information in the presentation is given for informational purposes only, is in summary form and does not purport to