Wiseway Group Ltd. · ASX:WWG
Wiseway — H1 2021 Earnings Presentation
22 slides from Wiseway's earnings presentation, Mar 22, 2021
Slide 1: Investor Presentation: 1H21 Result
For personal use only Investor Presentation:1H21 Result March 2021 1
Slide 2: Contents and Presenters
Contents For personal use only 1H21 result overview 3 Company overview 11 Questions 19 Appendix 20 Presenters Roger Tong Chief Executive Officer Company/investor enquiries: admin@wiseway.com.au Florence Tong Managing Director James Zhu Group Financial Controller Media/investor enquiries: +61 449 571
Slide 3: 1H21 result overview
For personal use only 1H21 result overview
Slide 4: Key Metrics 1H21
Key Metrics 1H21 For personal use only ▪ Revenue of $69.7 million, up 54% from $45.1 million ▪ Gross profit of $18.1 million, up 60% from $11.3 million, reflecting an increase in gross margin ▪ Gross margin of 26%, up 100 basis points from 25% in 1H20 ▪ EBITDA of $6.5 million increased from $0.1 mil
Slide 5: Overview of 1H21 result
Overview of 1H21 result For personal use only 1 Operating environment: • Continued import and export services between Australia Revenue $69.7m in 1H21 up 54% from $45.1m in 1H20 and Asia despite international travel and cargo challenges Gross profit $18.1m in 1H21 up 60% from $11.3m in 1H20 Group re
Slide 6: Cash flow
Cash flow For personal use only Cash and cash equivalents Operating cash flow: 1H21 1H20 Change % ($m unless stated otherwise) • Higher proportional levels of cash received from customers driven by Net cash from operating activities 7.5 (3.1) 342 growth of new business division sales and increased c
Slide 7: Capital management
Capital management For personal use only Balance sheet Financial position: 31 Dec 2020 30 Jun 2020 Change % ($m unless stated otherwise) Total equity 27.2 23.7 15 • Cash and cash equivalents as at 31 December 2020 were $12.4 million (pcp: $3.6 million). Cash and cash equivalents 12.4 3.6 244 Total a
Slide 8: Operating environment
Operating environment For personal use only Macro-environment: ▪ Demand for logistics services remains high. ▪ Wiseway helped Australian and Asian customers overcome the logistics and cargo challenges presented by COVID-19. Operational: ▪ Wiseway has continued to successfully operate its import and
Slide 9: Outlook
Outlook For personal use only Business: ► Cautiously optimistic as demand for logistics services remains high but this may vary as the COVID-19 related international travel, transport and logistics are modified. ► The Board and Management of Wiseway continue to prioritise supporting our customers an
Slide 10: Company overview
For personal use only Company overview 10
Slide 11: Overview of key milestones
Overview of key milestones For personal use only 2005 - IPO 2020 2017 Founded the business Strategy of revenue diversification Wiseway’s integrated platform supporting multiple logistics services ✓ Wiseway founded ✓ IPO on 31 October 2018 raised $20 million ✓ Sydney warehouse ✓ Investments in people
Slide 12: Leading Australia-Asia air freight forwarder and provider of integrated logistics
Wiseway: Leading Australia-Asia air freight forwarder and provider of integrated logistics For personal use only ANZ footprint: 39,300 tonnes of • 9 accredited Regulated Air Cargo Agent locations in cargo in 1H21 Darwin1 Australia and New Zealand • Customs-bonded warehouse capability • Accreditation
Slide 13: Wiseway's strategic focus and values
Wiseway’s strategic focus and values For personal use only Focus: - Export -Import -Domestic transport Diversification: - Cargo sales Innovation: - Growth in operations - Products outside dry air - Services freight - Delivery - Shipping to 100 - Technology destinations Strategic focus and Sustainabl
Slide 14: Income diversification through eight business divisions
Income diversification through eight business divisions: opened a second business support office in China For personal use only Wiseway Group Limited Domestic Export Import GSA/CSA Regional transport Dry cargo Perishables General cargo & Shanghai & Sea freight Airtruck Airnex Auckland (air freight)
Slide 15: Wiseway's strengths
Wiseway’s strengths For personal use only Strategic relationships with airlines Long-standing customer relationships Unique service provider ✓ Long-standing relationships with major ✓ Wiseway has supported the growth of many ✓ Wiseway has a unique understanding of Asia- international airlines, parti
Slide 16: Wiseway is strategically positioned for long-term growth
Wiseway is strategically positioned for long-term growth For personal use only Wiseway’s growth strategy is focused on three key components 1 2 3 Maintain core growth Accelerate new growth Regional business development • Continue to offer customer-first multiple • Leveraging partnerships in the Asia
Slide 17: Questions
For personal use only Questions 17
Slide 18: Appendix
For personal use only Appendix 18
Slide 19: Financial performance
Financial performance For personal use only Profit and loss Revenue 1H21 1H20 Change % ($m unless stated otherwise) • Revenue increased by $24.6 million or 54% to $69.7 million. Revenue 69.7 45.1 55% Direct expenses (51.6) (33.8) 53 Gross profit Gross profit 18.1 11.3 60 • Gross profit was $18.1 mil
Slide 20: Balance sheet
Balance sheet For personal use only Financial position Assets 31 Dec 2020 30 Jun 2020 Change % ($m unless stated otherwise) • Cash and cash equivalents increased as a result of better cash flow management. Current assets: • Current tax assets were utilised in December 2020 Cash and cash equivalents
Slide 21: Cash flow
Cash flow For personal use only Cash flow Cash from operating activities 1H21 1H20 Change % ($m unless stated otherwise) Net cash from operating activities 7.5 (3.1) 342 • The higher proportional levels of cash received from customers was driven by growth of new division sales and increased collecti
Slide 22: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Wiseway Group Limited (Wiseway) and its subsidiaries and their activities. The information in this presentation does not purport to be complete. It should be read in conjunction with Wiseway’s other periodic and co