Tyro Payments Ltd. · ASX:TYR
Tyro Payments — Shareholder Meeting (November 2024)
14 slides from Tyro Payments's shareholder meeting presentation, Nov 13, 2024
Slide 1: 2024 Annual General Meeting
2024 ANNUAL GENERAL MEETING 13 November 2024 Tyro Payments Limited ABN 49 103 575 042 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Tyro Payments Limited (ABN 49 103 575 042) and its controlled entities (variously, “Tyro”, “us”, “we”, “our” and “Group”) and is current at 26 August 2024. It is information given in summary form only and does not purport to be complete. It does not consti
Slide 3: Chair's Address to Shareholders
CHAIR’S ADDRESS TO SHAREHOLDERS Fiona Pak-Poy Chair
Slide 4: FY24 Results: Key Themes
FY24 RESULTS: KEY THEMES GOOD PROGRESS AGAINST OUR STRATEGIC INITIATIVES with focus on enhancing our proposition to merchants STRONG FY24 FINANCIAL PERFORMANCE transitioned to a significantly more profitable business UNIQUELY POSITIONED FOR GROWTH OPPORTUNITIES while delivering profitable and sustai
Slide 5: Key Changes to Remuneration
KEY CHANGES TO REMUNERATION Changes effective in FY24 Changes effective from FY25 • ‘Financial’ metrics to make up >60% of potential • Introduction of risk gate-openers STI Plan • Increase weighting of ‘Financial’ measures to >50% CEO and CFO award • Removal of EBITDA; replaced with gross profit, •
Slide 6: Committed to Managing ESG Aspects of Our Business
COMMITTED TO MANAGING ESG ASPECTS OF OUR BUSINESS Committed to supporting the environment Diverse and inclusive place to work Certified carbon neutral >40% Female representation On track to comply with ASRS 1 by 2026 57% Female Board directors Partnered with Greener to help merchants Colleagues beli
Slide 7: CEO's Address to Shareholders
CEO’s ADDRESS TO SHAREHOLDERS Jon Davey CEO and Managing Director
Slide 8: FY24 Results: Key Themes
FY24 RESULTS: KEY THEMES GOOD PROGRESS AGAINST OUR STRATEGIC INITIATIVES with focus on enhancing our proposition to merchants STRONG FY24 FINANCIAL PERFORMANCE transitioned to a significantly more profitable business UNIQUELY POSITIONED FOR GROWTH OPPORTUNITIES while delivering profitable and sustai
Slide 9: Good Progress Against Our Strategic Initiatives
GOOD PROGRESS AGAINST OUR STRATEGIC INITIATIVES with focus on enhancing our proposition to merchants PRODUCT PRICING IMPROVED GROWTH AND INNOVATION TRANSFORMATION OPERATING NEW VERTICALS EFFICIENCY 9
Slide 10: Strong FY24 Financial Performance
STRONG FY24 FINANCIAL PERFORMANCE transitioned to a significantly more profitable business GROSS PROFIT1 EBITDA1 $210.8m $55.7m Net Profit After Tax2 Free Cash Flow +9.1% (vs. FY23) +31.6% (vs. FY23) Margin 26.4% (+4.5ppt) $25.7m >4x higher (vs. FY23) $30.4m >5x higher (vs. FY23) FY24 guidance: FY24
Slide 11: Uniquely Positioned for Growth Opportunities
UNIQUELY POSITIONED FOR GROWTH OPPORTUNITIES WHY TYRO IS PAYMENT PROVIDER OF WHAT THESE STRENGTHS POSITION US TO CHOICE TO >70,000 MERCHANTS ACHIEVE IN FY25 AND BEYOND 100% owned end-to-end tech stack Growth in addressable market • New POS and partner • Launch of new verticals Complete control and f
Slide 12: Improving Profitability Over the Medium-Term
IMPROVING PROFITABILITY OVER THE MEDIUM-TERM Continued focus on balancing growth and profitability Rule of 40* or better from FY26 RULE OF 40 MINIMUM 11%+ =Gross profit growth + EBITDA margin 9%+ c.31% c.29% c.28% 26.4% 21.9% 7.2% FY22 FY23 FY24 FY25 FY26 FY27 EBITDA MARGIN FY24 Gross profit growth:
Slide 13: FY25 Guidance Unchanged
FY25 GUIDANCE UNCHANGED Continued gross profit growth and improved profitability in FY25 GROSS PROFIT1: $218m – 226m EBITDA1 MARGIN: Growth of 3% to 7% c.28% FY25 to date (4 months to 31 October) is in-line with our expectations, and consistent with our guidance. 1 Gross profit and EBITDA on a norma
Slide 14: Thank You
THANK YOU