Tyro Payments Ltd. · ASX:TYR
Tyro Payments — Shareholder Meeting (October 2018)
31 slides from Tyro Payments's shareholder meeting presentation, Oct 25, 2018
Slide 1: Tyro 2018 Annual General Meeting
Welcome to the Tyro 2018 Annual General Meeting 25 October 2018 2018 © Tyro Payments Limited TYRO 2018 TYRO 2018 ANNUAL ANNUAL GENERAL GENERAL MEETING MEETING | | OCT OCT 2018 2018 | | TYRO.COM TYRO.COM updated on 1 Nov 2018 to remove some non material typographical matters
Slide 2: Important Notice
Important Notice • This presentation may contain forward-looking statements that of whether new information arises, except as required by law. involve risks, uncertainties, and assumptions. If any such risks or • Neither Tyro nor any other person makes any representation uncertainties materialise or
Slide 3: Welcome
MECCA Welcome Kerry Roxburgh Chairman 3 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 4: Please turn off or silence your mobile phones
Please turn off or silence your mobile phones. Thank you. 4 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 5: 2018 Annual Report and 2018 Notice of AGM
2018 Annual Report 2018 Notice Of AGM 5 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 6: Items of Business
Items of Business 1. Welcome 2. Chairman’s Address 3. CEO’s Address 4. Q&A 5. Resolutions + Voting 6 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 7: Chairman's Address
JET CYCLES Chairman’s Address Kerry Roxburgh Chairman 7 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 8: Tyro's Segment Share
Tyro’s Segment Share 5th Largest Acquirer in Australia ($ volume) Payments Rank Acquirer Transaction Volume June 2018 1 Acquirer A 2.3% $53b 2 Acquirer B Total market 3 Acquirer C 4 Acquirer D ~7% $17b 5 Tyro Target 6 Acquirer E addressable market 7 Acquirer F 8 Acquirer G Tyro $1.2b 9 Acquirer H 10
Slide 9: Banking royal commission news coverage
ve Banks Won't Have to Face ; . gees f° a ok cn jssio™ ocks Ne inion |S] Cult Lifestyl conn ; sect Fs a\ jews Opinion Sport ture Lifestyle Business > Economics Banking Money Markets Project Syndicate B2B ‘Banking royal commission ‘A day of shame’: banking royal commission 1 interim report delivered
Slide 10: Insert Tyro team photo
Insert Tyro team photo 10 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 11: Questions on Notice
Questions on Notice 1. Staff Retention 2. Growing Tyro’s Banking Products 11 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 12: CEO's Address
CROSS EATERY CEO’s Address Robbie Cooke Chief Executive Officer 12 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 13: Tyro's DNA
Tyro’s DNA • We are a challenger at heart with an absolute focus on: – disrupting the status quo for the benefit of our customers; – re-engineering banking and payments to remove friction; – putting our customers at the centre of all that we do. • We work with some amazing businesses and are genuine
Slide 14: Investing for Growth
Investing for Growth 2018 Commercialise + optimise existing products Measured investment across scalability + new features Invest in our people Short-term Long-term Focus on customers Maximum growth of existing Scalability products in existing state Doing it right New products + features 14 TYRO 201
Slide 15: Growth Across All Key Indicators
Growth Across All Key Indicators Customers1 Transaction volume2 Revenue3 Headcount4 (PCP %, CAGR %, #) (PCP %, CAGR %, $m) (PCP %, CAGR %, $m) (PCP %, CAGR %, #) 29% 30% 37% 74% 27% 26% 32% 34% 26% 19% 26% 25% 18% 23% 23% 4% +32% +23% 23,245 +26% 13,360 +30% 148.3 371 384 18,329 10,607 120.6 15,565
Slide 16: Key Performance Indicators
Key Performance Indicators Sales applications Loan originations Deposit balance Capital ratio (%) + (#) ($m) ($m) Capital ($m) +56% +127% +197% 250% 8,041 25.2 11.6 179% 5,140 139% 4,201 11.1 119 110 3.9 96 0.5 0.0 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 16 Source: Internal Data.
Slide 17: Operating Income – 2018
Operating Income – 2018 2018 2017 Movement Key Results $'000 $'000 $'000 Acquiring revenue 143,023 115,780 27,243 Banking revenue 1,599 461 1,138 Other revenue 3,629 4,387 (758) Total revenue 148,251 120,628 27,623 Less: Scheme, interchange and support fees (78,511) (63,761) (14,750) Less: Other exp
Slide 18: Financial Review – 2018
Financial Review – 2018 2018 2017 Movement Key Results $'000 $'000 $'000 Total revenue 148,251 120,628 27,623 Total operating income 69,088 56,090 12,998 Total operating expenses (86,178) (70,795) (15,383) EBITDA1 (11,083) (9,736) (1,347) Operating loss before tax (17,521) (14,988) (2,533) Income ta
Slide 19: Strong Balance Sheet for Growth
Strong Balance Sheet for Growth Move- Capital position ($m) 2018 2017 Key Results ment $'000 $'000 $'000 250% Cash + Investments 85,473 97,587 (12,114) Total Assets 139,558 139,509 49 179% Total Liabilities 30,017 18,118 11,899 139% Capital 96,473 109,864 (13,391) 119 110 96 Capital Ratio 139% 179%
Slide 20: Payments + Banking Operations
Payments + Banking Operations Payments Deposits Loans • 56% increase in new merchant • Fee-free interest-bearing • Cash-flow based unsecured loan applications transactional account repaid via a pre-agreed percentage of daily EFTPOS settlements • 257 point-of-sale and practice- • 1,285 active Tyro Ba
Slide 21: Initiatives
Initiatives Flexible Payroll Tap & Save Tyro Platform Alipay Same-Day Integration with Xero Settlements First-to-market to enable Formed partnerships First Australian bank to Enabled Tyro Eliminated the extra merchants to save with six leading POS offer a seamless, all-in- merchants to receive step
Slide 22: Strong Q1 2019 Trading
Strong Q1 2019 Trading* Customers (#)1 Move- Q1 2019 Q1 2018 +27% Key Results ment 19,490 24,834 16,188 1 Customers (#) 24,834 19,490 27% Q1 2017 Q1 2018 Q1 2019 Transaction volume ($m)2 Transaction volume ($m)2 3,937 3,005 31% +31% 3,005 3,937 2,435 Revenue ($m)3 42.1 32.7 29% Q1 2017 Q1 2018 Q1 20
Slide 23: Resolutions + Voting
Resolutions + Voting 23 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 24: Q&A
GELATO MESSINA Q& A 24 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 25: Resolution 1 – Re-election of Director
Resolution 1 – Re-election of Director “That Paul Rickard, a Director retiring by rotation in accordance with the Company’s Constitution, and being eligible for election, be re-elected as a Director of the Company.” 25 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 26: Resolution 1 – Re-election of Director
Resolution 1 – Re-election of Director The total of valid proxies received for Resolution 1 is 183,421,999 being: 183,421,999 FOR the resolution - AGAINST the resolution - OPEN to proxy - ABSTAIN 26 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 27: Resolution 2 – Re-election of Director
Resolution 2 – Re-election of Director “That Catherine Harris, a Director retiring by rotation in accordance with the Company’s Constitution, and being eligible for election, be re- elected as a Director of the Company.” 27 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 28: Resolution 2 – Re-election of Director
Resolution 2 – Re-election of Director The total of valid proxies received for Resolution 2 is 183,421,999 being: 183,421,999 FOR the resolution - AGAINST the resolution - OPEN to proxy - ABSTAIN 28 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 29: Resolution 3 – Re-election of Director
Resolution 3 – Re-election of Director “That David Fite, a Director retiring in accordance with the Company’s Constitution, and being eligible for election, be elected as a Director of the Company.” 29 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 30: Resolution 3 – Re-election of Director
Resolution 3 – Re-election of Director The total of valid proxies received for Resolution 3 is 183,421,999 being: 183,421,999 FOR the resolution - AGAINST the resolution - OPEN to proxy - ABSTAIN 30 TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM
Slide 31: Thank you!
Thank you ! 2018 © Tyro Payments Limited TYRO 2018 ANNUAL GENERAL MEETING | OCT 2018 | TYRO.COM