Wisr Ltd. · ASX:WZR
Wisr — Investor Presentation (January 2025)
12 slides from Wisr's investor presentation, Jan 30, 2025
Slide 1: Company Update Q2FY25
COMPANY UPDATE Q2FY25 JANUARY 2025 1
Slide 2: Key Q2FY25 Results
KEY Q2FY25 RESULTS LENDING FINANCIAL CAPITAL CUSTOMER $93.5M 11.20% $22.8M Well capitalised with unrestricted cash of $39.4M New loan originations1 Portfolio yield Revenue1 additional loan ↑77% $17.9M repayments made via one-time payment Q2FY24 $52.9M ↑21% ↑8 bps ↑1% feature Q1FY25 $77.3M Q1F
Slide 3: Wisr at a Glance
WISR AT A GLANCE Since 2018, Wisr has supported Australians in reaching their personal and financial goals. $2.0B 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 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 73% 16% 35% Self-emp
Slide 5: Sustained Loan Origination Growth
SUSTAINED LOAN ORIGINATION Loan originations GROWTH 77% pcp growth ● Q2FY25 saw strong loan origination growth for the 21% growth Company ● Wisr achieved loan originations of $93.5M, a significant increase of 77% on Q2FY24 $52.9M) and 21% on Q1FY25 $77.3M ● A significant scale opportunity exists
Slide 6: Portfolio Margin and Credit Quality Improvement
PORTFOLIO MARGIN AND CREDIT QUALITY IMPROVEMENT ● Portfolio yield increased by 69 bps to 11.20% Q2FY24 10.51% ● Portfolio Net Interest Margin (“NIMˮ) increased by 60 bps to 5.93% Q2FY24 5.33% ● Front book Dec-24 run rate) yield 11.03% Sep-24 12.76%) driven by the increased mix of high quali
Slide 7: Losses Improving
LOSSES IMPROVING ● The quality of Wisrʼs portfolio was maintained with its average credit score increasing to 7981 ● Net losses decreased for the second consecutive quarter to 1.72% Q1FY25 2.06% and Q4FY24 2.75% ● 90+ day arrears increased slightly to 1.55% Q1FY25 1.40%, a seasonal increase w
Slide 8: Strong Funding Program
STRONG FUNDING PROGRAM Funding at 31Dec-24 ● WH1 Personal Loan WH) has $400M of committed funding $85M undrawn), while WH2 Secured Vehicle WH) has committed funding of $250M $68M undrawn) ● The corporate facility has committed funding of $50M $15M undrawn) ● Wisr has raised $875M across four A
Slide 9: Well Capitalised Balance Sheet
WELL CAPITALISED Cash held in warehouses and term deal trusts: ● Undistributed customer loan repayments (principal and interest) BALANCE ● Unutilised funds from note subscriptions (predominantly third-party debt) SHEET Total cash on balance sheet ● Use of funds restricted to funding loans and operat
Slide 10: Executive Summary
EXECUTIVE SUMMARY Origination ✓ Loan originations increased significantly by 77% to $93.5M Q2FY24 $52.9M growth continues ✓ We reaffirm our guidance of 75%+ loan origination growth in FY25 Losses ✓ Net losses improved by 34 bps to 1.72% Q1FY25 2.06% improving ✓ 90+ day arrears remained well-wi
Slide 11: Thank You
THANK YOU FOR YOUR SMART PART 11
Slide 12: 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