Spenda Limited · ASX:SPX
Spenda — Shareholder Meeting (November 2023)
27 slides from Spenda's shareholder meeting presentation, Nov 3, 2023
Slide 1: 2023 Annual General Meeting
For personal use only ASX:SPX 2023 Annual General Meeting 3rd November 2023 Spenda Limited (The Company)
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that may constitute forward looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Spenda a
Slide 3: Table of contents
Table of contents For personal use only FY23 year in review 01 FY23 financial results 05 Market validation of unique business model 09 Development focus on scalability 20 Inflection point in revenue and earnings in FY24 25
Slide 4: FY23 year in review
For personal use only FY23 year in review
Slide 5: FY23 Validation of business model – scaling customer channel
02 FY23 Validation of business model – scaling customer channel For personal use only FY24: Layering revenue across the supply chain in new verticals FY25 FY24 FY25: FY22: Sustainable recurring Secured technology, revenue & cash people & capital generation FY22 FY23 FY23: New foundation customers to
Slide 6: Executing on the strategy: Key operational milestones in FY23
03 Executing on the strategy: Key operational milestones in FY23 Secured a $50m debt Entered into a Payment Integrated previous Validated business model warehouse facility Facilitator (PayFac) acquisitions to deliver through new foundation For personal use only Since the debt warehouse was Agreement
Slide 7: Validating our business model through foundation customers
04 Validating our business model through foundation customers Spenda strategically delivered services to different For personal use only industry verticals to prove its supply-chain solution. Carpet Court - Demonstrating Spenda’s value prop in retail services through a franchise network. Capricorn S
Slide 8: FY23 financial results
For personal use only FY23 financial results
Slide 9: FY23 Financial results snapshot
06 FY23 Financial results snapshot Revenue Cash Receipts For personal use only $3.1m +39% $3.5m +52% FY22: $2.2m FY22: $2.3m Total Payment Flow Market Cap $40.4m $95.7m (as at 30 Oct 2023) +520% FY22: $15.2m Cash on Hand (as at 30 Sep 2023) $6.9m Current contracts suggest the Company will process mo
Slide 10: FY23 Financial results overview
07 FY23 Financial results overview 01 Revenue increase of 39% to $3.1m for FY23, leveraging the Company's diversified and blended revenue model. 02 FY22 primarily relates to Research and Development tax FY23 FY22 Variance incentive. FY23 R&D of $1,401,396 was capitalised. $’000 $’000 % 03 Wages and
Slide 11: Delivering consistent increases in recurring revenue
08 Delivering consistent increases in recurring revenue For personal use only Recurring revenue through Carpet Court Recurring revenue through Capricorn Current base income Current contracts Current contracts Current pipeline opportunities Monthly Head Office Software DSD Software $284k $300k $1.2m
Slide 12: Market validation of unique business model
Market validation of For personal use only unique business model
Slide 13: Unique customer value proposition
10 UNIQUE CUSTOMER VALUE PROPOSITION For personal use only Spenda is an innovative software company that enables the frictionless flow of funds throughout a supply chain or network of buyers and sellers from producer to end-consumer.
Slide 14: Node-to-spoke strategy for holistic supply chain solutions
11 ‘Node-to- Expand spokes to Expand spokes Secure node Expand spokes Spoke’ end-consumers to buyers first to sellers strategy for holistic supply chain For personal use only solutions Stores #1 Supplier #1 Spenda simplifies the administration of Stores #2 procurement, invoicing and accounts receiva
Slide 15: Solution segments and payment flows
12 Solution segments and payment flows Marketplace For personal use only Customer Retailer Aggregator Supplier / Wholesaler Manufacturer $10k/1m in payment flow $15k/1m in payment flow $20k/1m in payment flow Spenda Software Spenda Solutions Spenda Solutions Spenda Solutions • POS • Spenda AR & PSBL
Slide 16: Benefits of Spenda's unique business model
13 Benefits of Spenda’s unique business model End-to-end software capability For personal use only De-risked overall implementation for a network of trading parties (5 vendors in 1 principle) Lowers cost of core procurement Lower cost of customer acquisition De-risking supply chain payments
Slide 17: Scaling up payment flow – Carpet Court
14 Scaling up payment flow • Roll out of of Spenda's payments infrastructure between Head Office and the network of 205 franchise stores (buyers) Five-year exclusive • Payments between the store network and Carpet Court's Head Office are agreement with Carpet Court currently $240m per annum (~$20m p
Slide 18: Commercial launch expected in early 2024 – Capricorn
16 Commercial launch expected in early 2024 • In May 2023, Spenda was selected as Capricorn's preferred supplier to deliver the first phase of its Digital Service Delivery (DSD) initiative Ten-year service agreement • The DSD initiative is a significant and strategic project that upgrades the with C
Slide 19: Scale up in 2024 – AgriChain
17 Scale up in 2024 • In October 2023, Spenda and AgriChain entered into a Binding Spenda enters new Agreement to integrate early payment services to grain growers onto the AgriChain platform agricultural vertical through • Phase One of the program is expected to generate revenue of partnership with
Slide 20: Layering revenue streams
19 Layering revenue streams Further penetration across the supply chain for each client • Start with Head Office and payment flows to and from the buyer network • Expand payment solutions to supplier network for early payment discounts + Scalable growth across different industry verticals • Initial
Slide 21: Development focus on scalability
Development focus For personal use only on scalability
Slide 22: Spenda's solutions offer benefits throughout the supply chain
21 Spenda's solutions offer benefits throughout the supply chain Key points of technology differentiation • Holistic supply chain solutions: Spenda has payment and lending solutions which offer benefits down the value chain, all the way to For personal use only our client's end-customers, which stre
Slide 23: Significant development achievements in FY23
22 Significant development Integrated dispute Integrated buyer Ledger-to-ledger achievements in FY23 management finance integration Improving the flow of frictionless For personal use only payments through the supply chain PayFac (Payment Transaction and Testing automation Facilitator) fraud monitor
Slide 24: Key development initiatives for FY24
24 Key development initiatives for FY24 Focus on scalability Virtual card issuance across verticals, For personal use only including international Successful completion of Capricorn DSD Proof of Concept markets, and Build and deliver Capricorn DSD Project expanding payments solutions Verified Suppli
Slide 25: Inflection point in revenue and earnings in FY24
Inflection point in revenue For personal use only and earnings in FY24
Slide 26: Upcoming Operational Milestones in FY24
26 Upcoming Operational Milestones in FY24 Further penetration through Commercial launch with Global payments and entry Carpet Court supply chain Capricorn into Asia-Pacific region • Deliver POS terminals to franchise • Finalise POC in late 2023 • Addition of international settlement stores rails an
Slide 27: Thank you.
Thank you. For personal use only Approved by the Board of Directors spenda.co Spenda Limited 605, 275 Alfred Street, North Sydney, NSW 2060 1300 682 521 investors@spenda.co