Slide 1: H1 FY22 Results and Business Outlook
For personal use only Compliance. Simple. Authorised by: Trent Lund Chief Executive Officer H1 FY22 Results and Business Outlook trent.lund@wrkr.com.au March 7th 2023 Wrkr Ltd ACN 611 202 414 Wrkr Ltd Level 24, 66 Goulburn Street Sydney NSW 2000
Slide 2: Workforce Compliance from Hire to Retire
Workforce Compliance from Hire to Retire. For personal use only Solving an abundance of compliance moments between employers and their workers from hiring to pay & super to credentials to transitioning out of employment.
Slide 3: One stop shop for employer to employee compliance
One stop shop for For personal use only employer to employee compliance We have a proven, modern cloud software platform that enables us to rapidly respond to evolving compliance needs today and into the future. Secure, Modern cloud based Scaleable Pre-integrated
Slide 4: Setting the standard for employee onboarding and pay
Setting the standard for For personal use only employee onboarding and pay Delivering on our goal to become the ‘Pay’ & ‘Compliance’ infrastructure for working Australians. Making it easier for employers to hire, onboard and compensate their employees. Goal to set the standards for secure pay, crede
Slide 5: Leveraging a comprehensive regulatory and compliance footprint
Leveraging a For personal use only comprehensive regulatory and compliance footprint Our regulatory and compliance footprint allows us to participate across a full spectrum of employee compliance moments from hire to retire, including payments under our AFSL, Super & SMSF contributions across the Su
Slide 6: Already Simplifying compliance for
Already Simplifying For personal use only compliance for: >2.9 million >70,000 >500 Financial Service and Payroll Australian Employers Advisors Providers Workers Suitable for every worker in All sizes from freelancers Professionals providing Integrating and every profession and to large Federal serv
Slide 7: Wrkr has a clear strategy to be a dominant force in compliance
Wrkr has a clear strategy to be a dominant force in compliance For personal use only Financial Grow our base by serving Funds Wellness and Payrolls (Wrkr Pay) Total Addressable Market Employee benefits, rewards and financial health product (TAM) c$2b+ connectivity Grow the value through more complia
Slide 8: Half Year Financial results
For personal use only FY 23 Half Year Financial results
Slide 9: Half Year 2023 Results (1H23 vs pcp)
Half Year 2023 Results (1H23 vs pcp) For personal use only Revenue EBITDA NPAT $2.69m +52% -$1.147m (-$1.636m) -$2.526m (-$2.996) Operating Cash Flows Closing Cash Balance Cost to Income Ratio +$0.218m (-$1.198m) $5.022m ($1.167m) 2.04 (2.72)
Slide 10: Wrkr Financial Highlights for 1H23
● Positive trend in performance of business across revenues, cash flows and cost For personal use only efficiencies. ● $2.7m Revenues (+52% pcp) ○ Continued to maintain and service ClickSuper transactions business and PaaS contracts ○ Wrkr SMSF Hub >20,000 trustees registered directly or through an
Slide 11: Revenue Growth
Revenues 1H22 1H23 Movement Wrkr PAY - Transactions $763,484 $712,992 -$50,492 Wrkr PAY - SMSF Hub $0 $264,150 $264,150 For personal use only Wrkr PAY - Float Interest $23,829 $437,485 $413,656 Wrkr Platform $976,014 $1,049,934 $73,920 Wrkr Ready $0 $1,680 $1,680 Wrkr Benefits $0 $223,987 $223,987 $
Slide 12: Expenses
● Continual focus on delivering strategic initiatives and achieving cost efficiencies. Costs expected to increase in 2H23 as Wrkr invests in its strategic initiatives. For personal use only ● 1H23 Employee expenses increased by 20% compared to 2H22 in line with increase in headcount by 5 key resourc
Slide 13: $4.24m capital raised in 1H23 to invest in growth
$4.24m capital raised in 1H23 to invest in growth For personal use only Convertible Notes ● $3.3m raised by issuing 3.3m Convertible Notes ● 2 year term, 10% pa coupon rate paid quarterly ● Maturity Date 4 October 2024 Capital Raised ● Conversion price based on 20% discount to 30-day VWAP, subject t
Slide 14: Business Performance and Outlook
For personal use only Business Performance and Outlook
Slide 15: Wrkr Business Highlights for FY23 Half Year
Brand ● Continued success of the Australian Retirement Trust’s, Beam platform For personal use only ● Progress of Link Group (RSS) partnership and Link’s recent successes ● Increased interest from large, Funds, Administrators, Payrolls & Advisors Market Performance ● Ability to multitask, revenue Gr
Slide 16: Wrkr investment priorities for FY23/24
● Release significant upgrade to Wrkr READY onboarding, enabling customers to buy and configure online For personal use only ● Deliver and scale Link Group arrangement to the target Funds in Australia ● Grow a foothold in another jurisdiction ● Build out Wrkr direct SaaS Sales & Marketing to increas
Slide 17: Wrkr Business Outlook
Grow our base by serving Funds and Payrolls (Wrkr PAY) ● We continue to progress toward our target base of 5m Australian workers For personal use only through our current Fund clients, Direct business customers and through the execution of current sales and delivery activity Grow the value through m
Slide 18: Thank you & Questions
For personal use only Thank you & Questions wrkr.com.au
Slide 19: Executive Team
Executive Team For personal use only Trent Lund Karen Gilmour Joe Brasacchio Jean-Paul Seow Greg Tonner CEO and Executive Director CFO CTO (Comply Path Founder) Head of Commercial Head of Growth and Alliances Trent has over 25 years Karen has over 15 years Joe has over 20 years of Jean-Paul has over
Slide 20: Board
Board For personal use only Emma Dobson Paul Collins Randolf Clinton Jillian McGregor Non-Executive Chair Non-Executive Director Non-Executive Director Company Secretary
Slide 21: Summary information
Summary information Financial data This presentation contains summary information about Wrkr Ltd (Company) (ASX: WRK) and its All financial information in this presentation is in Australian dollars ($ or AUD) unless activities as at the date of the presentation. The information in this presentation