Way 2 Vat Ltd · ASX:W2V
Way 2 Vat — Investor Presentation (March 2024)
25 slides from Way 2 Vat's investor presentation, Mar 14, 2024
Slide 1: Global VAT/GST Refunds
For personal use only GLOBAL VAT/GST REFUNDS AI Technology-Driven Solution March 2024
Slide 2: Investment highlights
Investment highlights For personal use only ANNUAL TRANSACTION VOLUME ANNUAL REVENUE (A$M) (A$M) 3.5 23.7 3.1 25 21.22 3 20 2.5 1.88 15 13.57 2 1.76 1.5 1.5 10 7.24 1 5 0.5 0 0 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23
Slide 3: FY23 financial highlights
FY23 financial highlights* For personal use only $3.1M $23.7M Record revenue up Record transaction 64% on pcp volume up 11% on pcp (FY22: $1.88m) (FY22: $21.33m) 78.6% $3.57M Gross margin Trade receivables (FY22: 77%) (as at 31/12/23) * Unaudited
Slide 4: Growth strategy
Growth strategy For personal use only Building on strong momentum Clear strategy to differentiate through IP protected AI technology to address a global market of unclaimed VAT/GST valued at $20 billion per year Meeting unmet market needs with new AI compliance technology through expanded product su
Slide 5: Competitive advantage
For personal use only advantage Competitive
Slide 6: Increase VAT/GST recovery with WAY2VAT AI-technology
Increase VAT/GST recovery with WAY2VAT AI-technology For personal use only End-to-end fully optimized, automated VAT/GST reclaim solution Patented AI technology Proven solution, simple digital integration More money for your bottom line
Slide 7: An automated Global VAT/GST refund solution using image processing and AI
An automated Global VAT/GST refund solution using image processing and artificial intelligence For personal use only Global Local AP(suppliers) VAT/GST VAT/GST VAT/GST AIA Automatic Invoice Analysis • Extracting relevant fields and items for VAT/GST refund claims using leading image processing techn
Slide 8: World's only fintech company automating global VAT/GST reclaim
World’s only fintech company automating global VAT/GST reclaim processing through image processing and AI For personal use only LON Every month 1M TLV invoices recovered BCN automatically CRA Market potential Enterprise clients $20B 345+
Slide 9: Reclaiming in countries, languages
Reclaiming in 40 countries, 20 languages Australia Austria Belgium Bulgaria Croatia Cyprus For personal use only C. Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Japan Latvia Lithuania Luxembourg Malta Netherlands New Zealand Norway Poland Portugal Romania Serb
Slide 10: 345+ enterprise customers and growing
345+ enterprise customers and growing For personal use only
Slide 11: New significant global enterprise clients in 2023
New significant global enterprise clients in 2023 For personal use only Pharmaceuticals Food production Shoes Electronics Movie production Financial advisory Seafood Tourism Home security Internet services Television production While none of these individual new contracts are material in their own r
Slide 12: Overview Technology
For personal use only Overview Technology
Slide 13: Six patents, based on AI tech providing protection for years
Six patents, based on AI tech providing protection for 20 years For personal use only
Slide 14: Advanced AI capabilities for VAT/GST recovery
Advanced AI capabilities for VAT/GST recovery SEGMENTATION For personal use only Claimable IMAGE DATA TO INVOICE EXTRACTION "CLAIM- ABILITY" CHECK Unclaimable IMAGE FILES INVOICE IMAGE INVOICE DATA VALID INVOICE Lost potential Image Manipulation Cleanup Validation Image to line matching Duplicates C
Slide 15: Advanced AI capabilities for VAT/GST recovery
Advanced AI capabilities for VAT/GST recovery An automated analysis of VAT/GST in all types of invoices For personal use only VAT/GST ‘claimability’ detection • Intelligent scanning detects whether the information is a claimable receipt or not • VAT/GST ID validation • Using visual-linguistic analys
Slide 16: Integration with your expense platform
Integration with your expense platform For personal use only Forms Countries Automated forms Tax authorities filled per country receive automated Computer requirements. reports. Integration invoice Mobile app Scanner Qualified Data Customer [Report] Submission Domestic VAT results provided Claims su
Slide 17: Visibility and control dashboard
Visibility and control dashboard For personal use only • Multi-year platform providing visibility across all historic invoices. • Multi-currency across all clients’ operating jurisdictions. • Multi-lingual in all languages the client operates in. • Expenses easily segmented into business units and c
Slide 18: Way2VAT updated product suite
Way2VAT updated product suite Our world-first AI-driven ERP providers Multinationals automated auditing product For personal use only Accounting firms Others AI-AP Compliance (invoice VAT/GST tax compliance validation technology) Value Increased filing compliance and reduced risk Increased complianc
Slide 19: AI-AP Compliance overview
For personal use only AI-AP Compliance overview
Slide 20: AI-AP Compliance – what it does
AI-AP Compliance – what is does For personal use only www.way2vat.com
Slide 21: AI-AP Compliance – how it works
AI-AP Compliance – how it works For personal use only Information extraction using advanced Information extraction architecture and pre-training method for and enrichment checks AI checks multiple items document understanding several items including across each invoice Invoice V Receipt Classifier V
Slide 22: AI-AP Compliance - what it checks for
AI-AP Compliance - what it checks for For personal use only • Lack of VAT invoices or other evidence • Import VAT/GST • Invoices not paid after more than six months • Reverse charge • VAT/GST on deposits/advance payments • Motor vehicle expenses • Claiming VAT/GST twice • Supplies of staff • Recover
Slide 23: Customisable client reports
Customisable client reports For personal use only
Slide 24: Key benefits
Key benefits Completeness For personal use only Unlike manual auditing, which is random or selective, our automated checks provide full coverage on each transaction. Speed Manual review is time-consuming while automation generates section able output quickly, allowing plenty of time to respond. Cost
Slide 25: Questions
For personal use only Questions