Wiseway Group Ltd. · ASX:WWG
Wiseway — FY2023 Earnings Presentation
20 slides from Wiseway's earnings presentation, Aug 31, 2023
Slide 1: Wiseway Group FY23 Investor Presentation
Wiseway Group (ASX: WWG) FY23 Investor Presentation For personal use only 31 August 2023 1
Slide 2: Disclaimer
Disclaimer 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 For personal use only complete. It should be read in conjunction with Wiseway’s other periodic and co
Slide 3: Contents
Contents Business overview 4 For personal use only Highlights 7 Financial overview 14 Key priorities and outlook 17 3
Slide 4: Business overview
For personal use only Business overview 4
Slide 5: Our core business segments
Our core business segments 1 2 3 4 5 6 For personal use only Air Freight Exports Sea Freight Exports Perishables Imports Road & Warehousing Overseas • Serving e- • General food • Fresh produce. • General cargo • Interstate and road • China (Guangzhou commerce commodities. imports clearance transport
Slide 6: Overview of Wiseway
Overview of Wiseway For personal use only Top 3 200+ 100+ freight forwarder (in terms of outbound air freight employees Trucks and trailers volumes) 4 12 11 cities across depots with cool room warehouses capabilities (Sydney, Melbourne, NZ, Perth) (incl. RACA, Customs Bonded, Quarantine approved dep
Slide 7: Highlights
For personal use only Highlights 7
Slide 8: FY23 results takeaways
FY23 results takeaways For personal use only 1 Continued turnaround in profitability in the last 6 months (+$3.2m of EBITDA from 1H23 vs 2H23) 2 Wiseway achieved the strongest second-half profitability since Listing on the ASX in 2018 3 Soft revenue growth as freight rates normalise; limited impa
Slide 9: Financial highlights
Financial highlights For personal use only $106.6 million $3.7 million $6.2 million Group Revenue EBITDA Underlying EBITDA1 +$4.1 million NPAT 12 cents $9.1 million improvement Net Tangible Assets per Security Cash and Cash Equivalents 1H23 vs 2H23 1 Underlying EBITDA is a non-IFRS measure that the
Slide 10: Operational highlights
Operational highlights Operational Highlights For personal use only Reduced operating costs due to process efficiencies and cost streamlining initiatives Initiatives to enhance capabilities in Perishables, eCommerce Imports and Sea Freight on-track Investments have made in building out Wiseway’s mar
Slide 11: The Group achieved a recovery in profitability in FY23
The Group achieved a recovery in profitability in FY23 EBITDA of $3.7 million, a reversal compared to a loss of $0.2 million in FY22 Key drivers of improvement For personal use only EBITDA, A$000’s EBITDA, A$000’s 4,000 4,000 3,691 3,185 Operational and process 3,500 improvements 2,000 3,000 506 Cos
Slide 12: WWG continues to evolve into an integrated logistics service provider
WWG continues to evolve into an integrated logistics service provider For personal use only Group continues to diversify revenue into Perishables, Imports and Sea Freight Export Key drivers % revenue split Investments in Perishables 100% operational and go-to-market 90% capabilities driving growth 8
Slide 13: Wiseway continues to drive expansion in overseas divisions
Wiseway continues to drive expansion in overseas divisions For personal use only Overseas divisions now account for 13% of group revenue Key drivers % revenue split 100% USA, New Zealand, Singapore and 90% China continue to grow to a larger proportion of Group revenue 80% 70% 60% Wiseway branding an
Slide 14: Financial overview
For personal use only Financial overview 14
Slide 15: Income statement reflects return to profitability
Income statement reflects return to profitability FY2023 FY2022 Change % Gross profit up 22% ($6.1m) reflecting effects of better client/service mix and direct cost control initiatives Revenue 106,552 130,668 -18.5% For personal use only Direct Cost (72,558) (102,781) -29.4% Gross profit 33,994 27,8
Slide 16: Balance Sheet remains healthy
Balance Sheet remains healthy Balance Sheet FY2023 FY2022 Strong cash position providing liquidity and opportunity to Cash and cash equivalents 9,072 6,933 invest in growth. For personal use only Trade and other receivables 9,084 9,507 Other current assets 2,253 4,644 Total current assets 20,409 21,
Slide 17: Outlook and priorities
For personal use only Outlook and priorities 17
Slide 18: Wiseway priorities for FY24
Wiseway priorities for FY24 For personal use only A leading logistics partner in the Asia Pacific region, providing excellent services and superior customer value to our Ambition partners 1 2 3 4 5 6 Air Freight Sea Freight Road Freight & Perishables Imports Overseas Export Export Warehouse Division
Slide 19: Outlook
Outlook For personal use only Expecting continued profitability in the next 6 months, as Wiseway enters the peak period for freight from September onwards Revenue growth expected be moderated due to decreasing international freight rates, but continued volumes growth expected Margins expected to be
Slide 20: Contact us
For personal use only Contact us Company/investor enquiries: investor.relations@wiseway.com.au Media/investor enquiries: media@wiseway.com.au 20