Wisr Ltd. · ASX:WZR
Wisr — Investor Presentation (October 2024)
15 slides from Wisr's investor presentation, Oct 30, 2024
Slide 1: Company Update Q1FY25
COMPANY UPDATE Q1FY25 OCTOBER 2024 1
Slide 2: Wisr at a Glance
WISR AT A GLANCE Since 2018, Wisr has supported Australians in reaching their personal and financial goals. $1.9B 2 warehouses total loan originations 3 active term deals We are a sophisticated, purpose-built fintech lender with a proven track 1 called term deal record of executing in the debt capit
Slide 3: Purpose-Built for Smarter Money Decisions
PURPOSEBUILT FOR SMARTER MONEY DECISIONS Wisrʼs proprietary technology makes it easier for Australians to access finance and stay on track with their financial goals. A PRIME LOAN BOOK BUILT ON SUPPORTING OUR CUSTOMERS Personal loans Secured vehicle loans Accessing and managing finance Offering com
Slide 4: Our Customers
OUR CUSTOMERS With customers all over Australia, Wisr lends to creditworthy Australians for any worthwhile purpose. Where are our customers Our customersʼ Why are customers What does the average Wisr located? employment status coming to us? loan look like? NT 1% QLD Full-time WA 72% 16% 34% Self-emp
Slide 5: Key Q1FY25 Results
KEY Q1FY25 RESULTS LENDING FINANCIAL CAPITAL CUSTOMER $77.3M 11.12% $22.5M Well capitalised with unrestricted cash of $33.1M New loan originations1 Portfolio yield Revenue1 additional loan $23.7M repayments made via one-time payment ↑54% ↑79 bps ↓7% feature Q1FY24 $50.1M Q1FY24 10.33% Q1FY24
Slide 6: Strong Loan Origination Growth
STRONG LOAN ORIGINATION Loan originations GROWTH 54% pcp growth 40% growth ● Following the execution of the $50M Nomura corporate facility in May-24 and stabilised macroeconomic conditions, Wisr returned to growth ● In the first full quarter in our return to growth strategy, we achieved: ○ A 54% inc
Slide 7: New Corporate Facility Supports Pivot to Growth
NEW CORPORATE Warehouse funding model FACILITY SUPPORTS PIVOT TO GROWTH ● The enlarged $50M Nomura corporate facility provides Illustrative new lending opportunity additional strength to Wisrʼs balance sheet and the platform to fund loan book growth Run rate Annualised yield revenue ● The incrementa
Slide 8: Margin Expansion
MARGIN EXPANSION Yield ● Portfolio yield increased by 79 bps 79 bps to 11.12% Q1FY24 10.33% ● Front book yield increased by 8 bps to 12.76% Sep-23 12.68% ● Ongoing front book repricing is driving improvement in portfolio yield and NIM which will deliver a profitable business at scale Q1FY24 Q
Slide 9: Illustrative EBITDA and Financial Metrics
ILLUSTRATIVE WISR SEPTEMBER 2024 RUNRATE Example for $1B loan Book) MEDIUM TERM TARGET Example for $2B loan Book) EBITDA AND Yield 12.8% 12.5% FINANCIAL NIM 6.5% 6.5% METRICS Example NIM $ 64.7M 130.0M Wisr is well positioned in the medium- - Annualised net losses 20.0M 36.0M term to deliver
Slide 10: Arrears and Losses Improving
ARREARS AND LOSSES IMPROVING ● Portfolio quality maintained with average credit score strong and stable over time at 7821 ● 90+ day arrears decreased to 1.40% Q4FY24 1.58%) demonstrating the quality of Wisrʼs loan book and the impact of improved collections processes ● Net losses decreased to 2.06
Slide 11: Funding Program
FUNDING PROGRAM Funding at 30 Sep 24 ● WH1 Personal Loan WH) has $400M of committed funding $106M undrawn), while WH2 Secured Vehicle WH) has committed funding of $250M $89M undrawn) ○ During the quarter, both warehouse facilities were renewed for the customary one-year rolling period with impro
Slide 12: Capital Position
CAPITAL Restricted cash Cash held in warehouses and term deal trusts: POSITION $26.1M ● Undistributed customer loan repayments (principal and interest) ● Unutilised funds from note subscriptions (predominantly third-party debt) ● Use of funds restricted to funding loans and operating warehouses and
Slide 13: Executive Summary
EXECUTIVE SUMMARY Origination ✓ Loan originations increased significantly by 54% to $77M Q1FY24 $50M growth ✓ We reaffirm our guidance of 75%+ loan origination growth in FY25 Arrears and ✓ 90+ day arrears improved by 18 bps to 1.40% Q4FY24 1.58% losses improvement ✓ Losses improved by 69 bps t
Slide 14: Thank You
THANK YOU FOR YOUR SMART PART 14
Slide 15: Disclaimer
DISCLAIMER No investment advice or offer of shares Statements about past performance are not necessarily indicative of future This presentation does not constitute performance. To the extent required by investment advice, or an inducement or law, neither Wisr of any of its directors, recommendation