Wiseway Group Ltd. · ASX:WWG
Wiseway — H1 2023 Earnings Presentation
20 slides from Wiseway's earnings presentation, Mar 21, 2023
Slide 1: Wiseway Group 1H23 Presentation
Wiseway Group (ASX: WWG) For personal use only 1H23 Presentation 21 March 2023 1
Slide 2: Contents
Contents 1H23 results overview 3 For personal use only Business overview 8 Outlook and priorities 12 Key takeaways 17 Questions 18 2
Slide 3: 1H23 results overview
For personal use only 1H23 results overview 3
Slide 4: Turnaround in profitability
Turnaround in profitability (compared to prior period) 1H23 key financial metrics Operational highlights (comparisons with 2H22) For personal use only $55.0 million 1H23 business rebound and turnaround in profitability. Group Revenue $506,000 Encouraging turnaround in the Australian business with EB
Slide 5: Divisional snapshot
Divisional snapshot | Wiseway continues to diversify revenue For personal use only % Revenue split by division $ Revenue split by division % split 100% 3 3 3 $’000 1H2022 2H2022 1H2023 3 90% 3 4 8 6 80% 8 Air freight – General cargo 44,287 30,341 22,105 70% 20 10 Air freight – Perishables 19,497 9,8
Slide 6: Location snapshot
Location snapshot | Core Australia business continues to perform well For personal use only Revenue by location Commentary: $’000 1H2022 2H2022 1H2023 Australia: Australia 73,750 43,248 49,109 • China’s COVID-19 lockdown continued to impact revenue as New Zealand 805 1,627 1,696 did the lingering ef
Slide 7: Balance sheet
Balance sheet | Financially stable with a healthy balance sheet For personal use only 31 Dec 2022 30 June 2022 Commentary: Balance sheet Change % $m $m Cash and cash equivalents 10.3 6.9 49.2% • Healthy balance sheet, with $10.3 million Cash Trade and other receivables 12.8 9.5 34.3% and Cash Equiva
Slide 8: Business overview
For personal use only 8 Business overview
Slide 9: Overview of Wiseway
Overview of Wiseway For personal use only Top 3 180+ 90+ freight forwarder (in terms of outbound air freight employees Trucks and trailers volumes) 4 12 11 cities across depots with cool room warehouses capabilities (Sydney, Melbourne, NZ, Perth) (incl. RACA, Customs Bonded, Quarantine approved depo
Slide 10: Wiseway's business has six core segments
Wiseway’s business has six core segments For personal use only Export Imports and Distribution Road Transportation GSA/CSA Dry cargo General cargo Perishables Sea freight Airtruck Airnex (air freight) & e-commerce • Serving e-commerce • Fresh produce. • General food • General cargo • Interstate and
Slide 11: Strategic partnerships in industry built on relationships
Strategic partnerships in industry built on relationships For personal use only Long-standing Global team Strategic industry customer relationships capabilities partnerships • A diverse portfolio of • Experienced leadership team, • Long-standing GSA and customers supported by with continued involvem
Slide 12: Outlook and priorities
For personal use only Outlook and priorities 12
Slide 13: Trends: Wiseway well placed to capture market tailwinds
Trends | Wiseway well placed to capture market tailwinds For personal use only China reopening driving a recovery in China consumer spending (e.g., China GDP forecasted to grow by 6.5% in 2023)1. Improved Australia-China geopolitical tensions (e.g., potential easing of lobster ban). Boom in mid-corp
Slide 14: Overall priorities
Overall priorities | A focused global growth strategy with disciplined execution For personal use only Diversify Integrate Expand • Continue to expand product offerings • Deliver logistics solutions through a lean, • Harness expansion momentum in Los Angeles beyond the traditional dry cargo air frei
Slide 15: 2H23 key Wiseway priorities for next six months
2H23 | Key Wiseway priorities for next six months For personal use only 1 Work towards achieving sustainable profitability in the Group’s overseas segments. Develop opportunities for revenue synergies and partnerships across the Company’s 2 growing global network (e.g., AUS-SIN, AUS-NZ, AUS-US, AUS-
Slide 16: Key takeaways
For personal use only Key takeaways 16
Slide 17: Key takeaways
Key takeaways 1H23 summary: For personal use only ► Board and leadership refresh reflects Wiseway’s growth ambitions and focus on the future. ► Turnaround in profitability compared to previous period, particularly in Australian business. ► Continued diversification of revenue, with solid growth in p
Slide 18: Questions
For personal use only Questions 18
Slide 19: 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
Slide 20: Contact us
For personal use only Contact us Company/investor enquiries: admin@wiseway.com.au Media/investor enquiries: Richard Martin +61 426 609 001 20 wiseway@symbolstrategic.com.au