Wrkr Ltd · ASX:WRK
Wrkr — H1 FY2024 Earnings Presentation
12 slides from Wrkr's earnings presentation, Feb 29, 2024
Slide 1: FY24 Half Year Results
For personal use only Compliance. Simple. FY24 Half Year Results 29 February 2024 Wrkr Ltd ASX: WRK Wrkr Ltd Authorised by: Trent Lund ACN 611 202 414 Chief Executive Officer Level 3, Suite 1, 104 Commonwealth St trent.lund@wrkr.com.au Surry Hills NSW 2010
Slide 2: Revolutionising workforce compliance
Revolutionising For personal use only workforce compliance Wrkr is a regulatory technology business helping Australian employers to simplify workforce compliance from hire to retire. Wrkr digitally solves the compliance moments from onboarding (ID, Credentials, Bank Account, Tax Details, Super Fund
Slide 3: Wrkr has an enormous market opportunity in Australian compliance
Wrkr has an enormous For personal use only market opportunity in Australian Compliance market for Australia Wrkr compliance moments is $500m p.a Building from a base of: 2.4m >300 13.1m Hires Payrolls >200 ● 500k Direct Users (Aust) Employees ● Platform footprint in 6 of the top 12 Funds ● Over 20 h
Slide 4: FY24 Half Year Financial Highlights
FY24 Half Year Financial Highlights For personal use only 1HFY24 v 1HFY23 Cost to Revenue EBITDA Income Ratio $3.88m ($0.53m) 1.23 44% $2.69m 55% ($1.18m) 3% 1.27 Cash Receipts ARR Link Revenues from Customers $4.01m Earned $0.43m $3.81m 24% $3.07m 16% $3.45m 100% $0m ● 12 mth rolling cost to income
Slide 5: Statement of profit or loss
Statement of profit or loss For personal use only EBITDA improved by 55% driven by increase in A$ 1H FY24 1H FY23 % Change revenues and improvement in the cost to income ratio. Operating Revenue 3.88m 2.69m 44% Revenue increased 44% from $2.69m in 1HFY23 to Other Income 0.01m 0.02m (100%) $3.88m in 1
Slide 6: Statement of financial position
Statement of financial position For personal use only A$ 31 Dec 23 30 Jun 23 Cash Cash & Cash Equivalents 2.08m 4.11m ● $2.08m Cash at bank at 31 Dec 23 ● A material payment of $770k that was due Other Current Assets 1.95m 1.49m from a customer on 29 December was not received. This resulted in a lowe
Slide 7: Historical Financial Results by Calendar Year
Historical Financial Results by Calendar Year For personal use only $7.77m ↑41% $5.53M ↑62% $3.41M ↑151% $1.73m $1.36m ↓21% Operating Revenue CY19 to CY23 CY19 CY20 CY21 CY22 CY23 Operating Revenue $1.73m $1.36m $3.41m $5.53m $7.77m EBITDA ($0.82m) ($1.17m) ($3.15m) ($1.43m) ($0.95m) NPAT ($13.00m)
Slide 8: Wrkr & Industry Trends
Wrkr & Industry Trends For personal use only Strong contracted base Regulatory tail winds 500K direct users, ART Super, LinkGroup Australia PayDay Super set to double ‘Super’ transactions & Hong Kong, Rest Super and open a software change moment across Australian businesses. Positioned for growth (S
Slide 9: Thank you & Questions
For personal use only Thank you & Questions wrkr.com.au
Slide 10: Management Team
Management Team For personal use only Trent Lund Karen Gilmour Joe Brasacchio Jean-Paul Seow Greg Tonner CEO and Managing CFO CTO (Comply Path Head of Commercial Head of Growth Director Founder) and Alliances Trent has over 25 years Karen has over 15 years Joe has over 20 years of Jean-Paul has over
Slide 11: Board
Board For personal use only Emma Dobson Paul Collins Randolf Clinton Jillian McGregor Non-Executive Chair Non-Executive Director Non-Executive Director Company Secretary
Slide 12: Summary information and disclaimer
Summary information Financial data This presentation contains summary information about Wrkr Ltd (Company) (ASX: WRK) and its All financial information in this presentation is in Australian dollars ($ or AUD) unless For personal use only activities as at the date of the presentation. The information