Way 2 Vat Ltd · ASX:W2V
Way 2 Vat — Investor Presentation (September 2021)
22 slides from Way 2 Vat's investor presentation, Oct 1, 2021
Slide 1: One Click to Claim: Global VAT/GST Refunds
One Click to Claim For personal use only Global VAT/GST Refunds WAY2VAT: Financial Technology September 2021
Slide 2: Company Vision
For personal use only Company Vision To Challenge the Status Quo of the Global VAT/GST Industry and Make It Accessible to All 2
Slide 3: Our Background
Our Background For personal use only A fintech company automating global VAT/GST refunds through image processing and AI 7 Australian Key Investors Fund Managers Africa’s largest bank by assets Leading Israeli VC Fund Multi National technology corporation One of Israel’s largest banks VC Platform wi
Slide 4: The Opportunity - $20B Market
The Opportunity- $20B Market For personal use only Unclaimed Global VAT/GST Refunds - US$20 Billion Market, annually * $8B 40% 60% $12B Enterprise SMB Every year SMBs give up on reclaiming $12B in VAT. Without a fully automated solution, SMBs lack the manpower or skill set to recover these expenses.
Slide 5: VAT/GST Refunds Go Unclaimed
VAT/GST Refunds Go Unclaimed For personal use only In today’s corporate environment, CFOs frequently give up on VAT/GST refunds due to the manual process required to reclaim VAT/GST, language barriers, complex tax codes, differential VAT/GST which varies based on the type of expense, and regulatory
Slide 6: Travel Market Rebound
Travel Market Rebound For personal use only Global travel is rebounding, especially in WAT2VAT’s key market of Europe Information updated on 10/08/21 6
Slide 7: Travel Market Rebound
Travel Market Rebound For personal use only Online public information from NASDAQ < https://www.nasdaq.com/>, NYSE < https://www.nyse.com/>, ASX < https://www2.asx.com.au/>
Slide 8: Solution
Solution For personal use only Introducing the world’s only company that automates global VAT/GST reclaim through image processing and AI Global Local AP (Supplier) VAT VAT VAT Holder of multiple AI technology patents VAT refunds in any language and format Proprietary image-processing technology Dif
Slide 9: Solution: Automatic Invoice Analysis
Solution AIA Automatic Invoice Analysis For personal use only Computer Mobile app AIA Invoice Automatic Invoice Analysis Scanner 9
Slide 10: Fintech Patents - IP Portfolio
Fintech Patents- IP Portfolio For personal use only The patents enable: 1. Full AI-driven automation 2. Complete and accurate image processing using a human-level perception of each type of invoice Expense Management System Core of the AIA technology: Priority date: 10/2015 Family 1 Based Upon Busin
Slide 11: Business Model
Business Model For personal use only *Multi year 20¢ on the US$5.5M US$1.03M contracts dollar On every $1M claimed VAT refunds in 2020 Net Revenue in 2020 we receive $200K *Some of the contracts are binding for 2-3 years, others are annual contracts with automatic renewal 11
Slide 12: We Reclaim VAT/GST in Countries with Languages
We Reclaim VAT/GST in 40 Countries with 20 Languages For personal use only Australia Austria Belgium Bulgaria Bahrain Cyprus Croatia Canada C. Republic Dubai Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Japan Latvia Lithuania Luxembourg Malta Netherlands New Zealand No
Slide 13: Go-to-Market Strategy
Go-to-Market Strategy For personal use only Enterprise Market SMB Market Direct sales through our Indirect sales through technology UK-based office partners that allow direct and quick access to customers Worldwide 13
Slide 14: Building a VAT/GST Reclaim Hub for the SMB Market
Building a VAT/GST Reclaim Hub for the SMB Market For personal use only WAY2VAT has signed contracts with 20 accounting firms representing 400+ potential clients using Xero, Sage and Receipt Bank in the UK VAT HUB Travel and Expense (T&E) Management Interfaces ERP and Accounting Interfaces 14
Slide 15: We Have More Than Enterprise Clients, Including:
We Have More Than 150 Enterprise Clients, Including: For personal use only 15
Slide 16: Strategic Customer Success Story – March 2021
Strategic Customer Success Story – March 2021 For personal use only Customer A leading global credit card company Challenge The existing solution provider (one of the market leaders) was unable to fully automate VAT refunds for all types of invoices without regulatory errors and/or human errors for
Slide 17: Financials
Financials For personal use only Strong growth despite the pandemic, with CY20 up 153% year-on-year to US$1.03m and H1 CY21 up 174% year-on-year to US$696K (unaudited) US$ ’000 Year ended Year ended Year ended Half Year ended 31 Dec 2018 31 Dec 2019 31 Dec 2020 30 June 2021 REVENUE 287 408 1,034 696
Slide 18: Main Players Market Overview
Main Players Market Overview For personal use only Full automation AI & image processing capabilities * Private company- Way2Vat estimates from public and private sources, valuations not published 18
Slide 19: Management and Founders
Management and Founders For personal use only Amos Simantov / Founder and CEO Aviv Barshaf VP Finance DR. Roy Shilkrot CTO Ely Marcovich VP BIZ DEV More than 20 years experience in senior management, including CEO and VP Sales at global high-tech companies Proven experience leading companies to fina
Slide 20: Proposed Board of Directors
Proposed Board of Directors For personal use only Adoram Gaash Amos Simantov David Buckingham (incoming) Non-Executive Chairman Executive Director, Founder & CEO Non-Executive Director Adoram has a track record of 20 years as a Amos has more than 20 years of experience David has had an impressive ca
Slide 21: Thank You
For personal use only THANK YOU
Slide 22: Disclaimer
Disclaimer For personal use only NOT AN OFFER OF SECURITIES Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential growth of W2V, industry growth or other projection