Way 2 Vat Ltd · ASX:W2V
Way 2 Vat — Investor Presentation (April 2023)
18 slides from Way 2 Vat's investor presentation, Apr 17, 2023
Slide 1: Global VAT Refunds
For personal use only Global VAT Refunds Amos Simantov, CEO Expediting the pathway to profitability March 2023
Slide 2: Purpose, Vision and Leadership Team
Purpose Leadership Team For personal use only Simplify and fully Amos Simantov automate VAT reclaim for Founder & CEO business Smadar Noy Chief Financial Officer Vision Alex Alegert CEO DevoluIVA Challenge the status quo of the global VAT/GST Amir Peretz industry from VP Product Payment to Recovery
Slide 3: W2V automates global VAT/GST reclaim processing
W2V is one of the world’s fintech company For personal use only That automates global VAT/GST reclaim processing through image processing and AI Leading technology partners Enterprise Customers Over 250 Resulting in significantly more reclaimed VAT/GST 3
Slide 4: Wide range of multinational enterprise customers
Wide range of multinational enterprise customers For personal use only 4
Slide 5: Proprietary technology automating VAT/GST reclaim processing
Proprietary technology automating VAT/GST reclaim For personal use only processing across 40 countries in 20 languages AI technology patents used in proprietary image- processing technology USPTO granted (App.17.059,482) 100% owned by W2V Four patents enable: • Full AI-driven automation • Human-leve
Slide 6: Business Model: The Process
Business Model: The Process For personal use only Client completes transaction leading to Tax authorities W2V receives commission and “Gross transaction volume” process claims recorded as “Cash receipt” Claims submitted to tax Refund received by W2V authorities and and passed to client recognised as
Slide 7: Revenue streams
Revenue streams For personal use only Pre-Covid Post-Covid VAT reclaim Subscriptions VAT reclaim for Travel • Monthly SaaS fee per card/employee for Travel • Monthly SaaS fee per admin user/company expenses and expenses • Quarterly fees for VAT reclaim/company Accounts Payable • Interchange fee • Fo
Slide 8: During Covid years the revenue-to-cash latency doubled
During Covid years the revenue-to-cash latency doubled Business Model: The Process For personal use only Pre-Covid (2018-19( Revenues-to-Cash = 7.5 months During Covid (2020-21-22) Revenues-to-Cash = 15 months Clients Submissions Post-Covid (2023+) Revenues-to-Cash = 7.5 months We believe that over
Slide 9: Smart spend debit Mastercard
Smart spend debit Mastercard Business Model: The Process For personal use only Saas Revenue Model Subscriptions fee via user & admin license fee Interchange fees subscription travel expenses Percentage of successful accounts payable local & foreign VAT Reclaim Payment VAT Compliance VAT Refund Initi
Slide 10: DevoluIVA acquisition completed Sept 2022
DevoluIVA acquisition completed Sept 2022 Business Model: The Process For personal use only • DevoluIVA offers wide-range management solutions including of digitation corporate expenses and the automatic recovery of national and international VAT • Providing automatic local VAT reclaims through an e
Slide 11: Key drivers and FY22 highlights
Key drivers and FY22 highlights For personal use only Multi year contracts 250 57% $21.33M Enterprise clients at end Increase in Transaction VAT refunds in 2022 Average Volume to $21.33M 2-3 years 2022 11
Slide 12: Growing our client base increases revenue and gross transaction value
Growing our client base increases revenue and gross transaction value with momentum building (Dec financial year end) For personal use only Annual transaction volume (A$m) ✓ Q4 2022 Summary ✓ Transaction volumes Enterprise Clients up 40% on pcp ✓ Revenues up 92% on 250 21.33 Q3 215 225 210 13.57 180
Slide 13: Financial Snapshot FY22
Financial Snapshot FY22 For personal use only $1.9M 77% $1.5M $2.5M Net Revenue in 2022 Gross Profit Margin Cash balance** Trade Receivables +7% on pcp (as at 31/12/22) (as at 31/12/22) +11% before currency adjustment* * Operational currency in Euro: FY22 Revenue €1.23m up 10.9% on FY21 €1.12million
Slide 14: Growth Strategies
Growth Strategies For personal use only Grow VAT sales Spain growth utilising through European DevoluIVA partners; enterprise hubs: UK integrating product suite and Spain and SmartSpend Card Provide SMBs with Consider additional holistic solution: growth opportunities SmartSpend Card & via acquisiti
Slide 15: Expediting the pathway to profitability
Expediting the pathway to profitability For personal use only ✓ Continuing focus on sales execution ✓ Increased online marketing, focussing on SmartSpend Card ✓ Google Ads ✓ Industry activity ✓ Events & Trade Shows (London, Amsterdam) and related travel ✓ Reducing operating costs ✓ Focusing on core
Slide 16: Transaction summary – Rights Issue, Placement and Loan
Transaction summary – Rights Issue, Placement and Loan Business Model: The Process For personal use only • Non-Renounceable Rights Issue • To raise approximately $2.35m • Pro rata rights issue of 1 new share for every 1 share held by eligible shareholders at an issue price of 1c each • All shares to
Slide 17: Indicative Timetable
Indicative Timetable Business Model: The Process For personal use only Event Date Announcement of Rights Issue, Placement and Loan 17 April 2023 Ex date 19 April 2023 Offer booklet lodged with ASX 19 April 2023 Record date for determining eligible shareholders to participate in 20 April 2023 the Rig
Slide 18: Thank You
For personal use only THANK YOU 18