Wiseway Group Ltd. · ASX:WWG
Wiseway — Shareholder Meeting (November 2020)
23 slides from Wiseway's shareholder meeting presentation, Nov 24, 2020
Slide 1: AGM 2020 Presentation
Wiseway Group Limited For personal use only ASX: WWG AGM 2020 Presentation 24 November 2020 1
Slide 2: Agenda
Agenda For personal use only 2. Chairman’s Address 3 3. Chief Executive Officer’s Address 6 4. Formal Business 15 5. Items of Business: 18 i. Financial Statements and Reports ii. Remuneration Report iii. Election of Lin Xu iv. Ratification of Appointment of Auditor 6. Closing of Meeting Company/inve
Slide 3: Chairman's Address
For personal use only Chairman’s Address Mr Michael Hughes 3
Slide 4: FY20 key milestones
FY20 key milestones For personal use only ✓ Strong cash flow generation enabled Wiseway to deliver a profit before tax of $1.7 million for the second half of FY20. 1. Established ✓ Achieved national bonded depot footprint with fumigation and cold-treatment facilities. logistics platform for ✓ Accred
Slide 5: Outlook
Outlook For personal use only • COVID-19: supporting our employees, customers, the broader community and international trade. • Wiseway will continue to monitor, adapt and respond to demand for logistics services in the prevailing operating environment. • Leverage relations with key distribution par
Slide 6: Chief Executive Officer's Address
For personal use only Chief Executive Officer’s Address Mr Roger Tong 6
Slide 7: Benefits of revenue diversification strategy flow through in a year of COVID-19
Benefits of revenue diversification strategy flow through in a year of COVID-19 For personal use only ▪ Revenue of $102.6 million, up 9% from $94.5 million, driven by Wiseway’s new service offerings. ▪ Gross profit of $27.9 million, up 34% from $20.8 million, reflecting an increase in gross margin.
Slide 8: Sales growth driven by diversification and new services
Sales growth driven by diversification and new services For personal use only Growth in revenue from diversification and new services Freight volume (tonnes, FY20 vs pcp) ▪ New division sales more than doubled to $22.8 million in FY20. Imports 3,660 tonnes +343% ▪ Growth in new business divisions, p
Slide 9: Step-change in net operating cash flow supports future growth opportunities
Step-change in net operating cash flow supports future growth opportunities For personal use only Financial position as at 30 June 2020 • Cash balance of $8.6 million (15 November 2020: $10.5 million). • NTA per share of 16.9 cents. Capital management • Prudent financial debt levels at 53% (as at 30
Slide 10: Business milestones represent a step-change in scale and reach
Business milestones represent a step-change in scale and reach For personal use only 2005 - FY19 FY20 FY21 2017 Founded the business IPO & expansion of capabilities Established platform for growth Step-change in growth of new services ✓ Wiseway founded ✓ IPO on 31 October 2018 raised $20 ✓ Achieved
Slide 11: Wiseway: Top Australia-Asia air freight forwarder and provider of integrated logistics services
Wiseway: Top Australia-Asia air freight forwarder and provider of integrated logistics services For personal use only ANZ footprint: 75,342 tonnes of • 9 accredited Regulated Air Cargo Agent locations in cargo in FY20 Darwin1 Australia and New Zealand • Customs-bonded warehouse capability • Accredit
Slide 12: Trading conditions
Trading conditions For personal use only ▪ Restrictions on international and interstate travelling have supported demand for freight services. ▪ Asia international routes opening up. ▪ Strong demand in e-commerce and fresh produce supported by high trade activity and transaction volumes from China.
Slide 13: Business strength
Business strength For personal use only Strategic relationships with airlines Long-standing customer relationships Unique service provider ✓ Long-standing relationships with major ✓ Wiseway has supported the growth of many ✓ Wiseway has a unique understanding of Asia- international airlines, particu
Slide 14: Wiseway is strategically positioned for long-term growth
Wiseway is strategically positioned for long-term growth For personal use only Wiseway’s growth strategy is focused on three key components 1 2 3 Maintain core growth Accelerate new growth Well-positioned for recovery from the pandemic • Continue to offer customer-first • Leveraging partnerships in
Slide 15: Formal business
For personal use only Formal business
Slide 16: Shareholder voting cards
Shareholder voting cards For personal use only Shareholder Voting Non-Voting Visitor Card Card Shareholder Card Entitled to vote and Not entitled to vote, Not entitled to vote or address the meeting but may address the address the meeting meeting 16
Slide 17: Proxy votes
Proxy votes For personal use only ▪ To be valid, proxies must have been received by Link Market Services at least 48 hours prior to the meeting. ▪ Valid proxies will be displayed prior to the resolution being considered by the meeting. ▪ All undirected proxies to the Chairman will be voted in favour
Slide 18: Items of business
For personal use only Items of business 18
Slide 19: Item 1: Financial Statements and Reports
Item 1: FINANCIAL STATEMENTS AND REPORTS For personal use only To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2020. 19
Slide 20: Item 2: Remuneration Report
Item 2: REMUNERATION REPORT For personal use only To consider and, if thought fit, to pass the following resolution as a non-binding resolution: “To adopt the Remuneration Report, as set out in the Directors’ Report for the Company and its controlled entities for the financial year ended 30 June 202
Slide 21: Item 3: Election of Lin Xu
Item 3: ELECTION OF LIN XU For personal use only To consider, and if thought fit, to pass the following motion as an ordinary resolution: “That Lin Xu, who retires in accordance with clause 20.6 of the Company’s Constitution, be elected a Director of the Company.” 21
Slide 22: Item 4: Ratification of Appointment of Auditor
Item 4: RATIFICTION OF APPOINTMENT OF AUDITOR For personal use only To consider, and if thought fit, to pass the following motion as an ordinary resolution: “That, in accordance with section 327B(1)(a) of the Corporations Act 2001 (Cth) and for all other purposes, KPMG having been nominated by a sha
Slide 23: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Wiseway Group Limited (Wiseway) and its subsidiaries and their activities. The information in this presentation does not purport to be complete. It should be read in conjunction with Wiseway’s other periodic and co