Tyro Payments Ltd. · ASX:TYR
Tyro Payments — Shareholder Meeting (November 2022)
19 slides from Tyro Payments's shareholder meeting presentation, Nov 24, 2022
Slide 1: 2022 Annual General Meeting
2022 ANNUAL GENERAL MEETING 24 NOVEMBER 2022 Tyro Payments Limited ABN 49 103 575 042
Slide 2: Chair's Address
Chair’s Address to Shareholders CHAIR’S ADDRESS 9
Slide 3: Approaches from parties expressing interest in a potential change of control transaction
Approaches from parties expressing interest in a potential change of control transaction • Tyro is currently engaging in preliminary discussions with selected parties in the context of maximising value for all shareholders • The Company notes that these approaches are non-binding and highly conditio
Slide 4: Tyro Operating at Scale
Tyro Operating at Scale Our Purpose Number of merchants1 Transaction value1 • Setting businesses free by simplifying payments & commerce Our Mission CAGR - CAGR - 30% 25% • We are a customer-obsessed fintech - setting the standard $34.2b in payments and commerce 63,770 Our Value Proposition • Core P
Slide 5: Terminal Connectivity Issue
Terminal Connectivity Issue • Issue occurred on 5 January 2021 • 70% of Tyro’s merchants were unaffected by the incident • 18-year history with no equivalent event • Impacted merchants - › 11% of merchants partially impacted (multi-terminal outlets with at least one functioning unit) › 19% of mercha
Slide 6: Path to Net Zero
Path to Net Zero To better understand the impact Tyro’s operations have on the environment and climate change, we have undertaken a technical assessment of our emissions inventory through Climate Active Australia with FY21 being our baseline for reporting going forward. This technical assessment is
Slide 7: Diversity
Diversity Below is a summary of our diversity results achieved in FY22 against our targets. FY22 Diversity Target - FY22 Diversity Target - MEASURE OF SUCCESS FY22 OUTCOME TARGET Tyro Team Tyro Board A gender balance of 40:40:20 Our overall Tyro team has a gender achieved across the whole of Tyro A
Slide 8: Board of Directors
Board of Directors David Thodey, AO Chair, Non-executive Director and Chair of Appointed November 2018 + Chair since October Independent Standing for Re-election Nominations Committee 2019 David Fite Non-executive Director Independent Appointed July 2018 Claire Hatton Non-executive Director Independ
Slide 9: CEO Address
CEO ADDRESS 16
Slide 10: A Refocused Tyro
A Refocused Tyro FY23 Cost Reduction Program: Permanent Headcount Contractor Headcount • Reduction of an annualised $11 June 2022 compared to Forecast June 2022 compared to Forecast million in the cost base of Tyro - $5 November 2022 November 2022 million1 to be realised in FY23 • Program implemente
Slide 11: Key Call Outs - FY22
Key Call Outs - FY22 Transaction Value Merchants Gross Profit EBITDA $34.2B 63,770 $148.5M $10.7M H1 FY22: $2.8M 34% GROWTH YEAR- 10% GROWTH YEAR- 24% GROWTH YEAR- ON-YEAR ON-YEAR ON-YEAR H2 FY22: $7.9M STRONG BALANCE SHEET Q4 FY22 OPERATING LEVERAGE TARGETING POSITIVE FREE 88.6% CASH FLOW EXITING F
Slide 12: Tyro Payments Business
Tyro Payments Business Annual transaction value of card payments acquired in Australia1 ($’billion) - Tyro’s estimated segment share of total card payments acquired in Australia - as at 30 June 2022 as at 30 June 2022 5.1% 3.8% ~5.1% 3.0% segment share $668b 2.2% 2.7% 3.4% CAGR (30 June 2017 — 30 Ju
Slide 13: Tyro Payments Business (continued): Health Business
Tyro Payments Business (continued) Significant Scale to Drive our Health Business • Enhanced practice management system (PMS) + 3rd party software integration 52 Tyro PMS integrations + 25 Medipass PMS integrations = integrations ~77 PMS (limited overlap) • 31% increase in health merchants in FY22 M
Slide 14: Merchant Count and Transaction Value by Vertical
Tyro Payments Business (continued) Merchant Count + Transaction Value by Vertical - FY22 (Tyro core only)1 Proportion of Total Transaction Value by State - FY22 (Tyro core only)1 Merchant 27% 34% 24% 15% Count (12,463) (15,984) (10,902) (7,027) 2% 2% 1% 4% Transaction 11% 46% 34% 9% 11% 34% NSW Valu
Slide 15: Merchant Acquisition - FY22
Merchant Acquisition - FY22 Lead Generation: 55% Digital & ATL 45% Partners & Referrals Merchant Numbers (FY17 to FY22) FY17 - FY22 CAGR +28% (incl. Bendigo) FY17 - FY22 CAGR +20% (excl. Bendigo) 63,770 58,186 17,394 42,839 New Leads 18,490 34% Conversion Rate from Lead to Application 46,376 39,696
Slide 16: Tyro Banking Business
Tyro Banking Business FY22 Growth in Monthly Originations Since Impact of Covid ($’million) FY22 FY21 GROWTH $12.7m $’000 $’000 % $11.5m Loan Originations 99,071 25,843 p 283.4% New Record Revenue 5,504 3,222 p 70.8% monthly $10.5m $11.3m Originations Interest income on loans 4,877 1,952 p 149.8% of
Slide 17: Trading Update
Trading Update1 PAYMENTS BUSINESS: • Very strong start to FY23 • Results to 31 October 2022 trending towards top end of guidance of all operating metrics provided on 10 October 2022 Monthly Transaction Value Growth - YTD FY23 • Transaction value 1 July 2022 to 31 October 2022 - $14.0 billion, up 52%
Slide 18: Thank You
THANK YOU
Slide 19: 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, 24 November 2022. The information in the presentation is given for informational purposes only, is in summary form and does not purport to