Slide 1: Investor Webinar February 2023
For personal use only Investor Webinar February 2023 WAY2VAT
Slide 2: Way2VAT Business – who we are
Way2VAT Business – who we are For personal use only About Way2VAT About DevoluIVA GST/VAT reclaim solutions • W2V completed DevoluIVA acquisition in September 2022. • Providing compliance and fully automated local & foreign • Spain’s first fully digital solution for corporate expense and VAT VAT/GST
Slide 3: VAT / GST Reclaim Process
VAT / GST Reclaim Process For personal use only 3
Slide 4: Smart Spend Card Process and Business Model
Smart Spend Card Process For personal use only Business Model Monthly SaaS fee per card/employee Monthly SaaS fee per admin user/company Quarterly fees for VAT reclaim/company 4
Slide 5: Growth Momentum Continues
Growth Momentum Continues For personal use only No. of Enterprise Clients Annual Gross Transaction Value 250 ~ (A$m) 225 21.33 215 210 200 13.57 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 7.24 No. of SMB Clients FY 2020 FY 2021 FY 2022 900 900~ 850 750 FY 2022 up 57% 700 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Slide 6: New Multinational Enterprise Customers in Q4 2022
New Multinational Enterprise Customers in Q4 2022 For personal use only Spain Spain 6
Slide 7: Q4 2022: Quarterly Highlights
Q4 2022: Quarterly Highlights For personal use only Summary • Transaction volume A$6.73m up 40% on pcp • Revenue of A$797k up 92% on 3Q FY22 (A$415k) • Cash receipts of A$531k up 155% on previous quarter • Signed 25 new multinational enterprise customers • Raised A$1.1m in a private placement to acc
Slide 8: During Covid revenue-to-cash latency doubled…now normalising
During Covid revenue-to-cash latency doubled…now normalising 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 time, the Rev-to-cash
Slide 9: Outlook on our future performance
Continued increase in international business travel is soaring, For personal use only VAT authorities' leading to higher VAT response time expected submissions to shorten back to normal overtime Outlook on Our new combined DevoluIVA,the opening gateway of the Spanish markets our future Smart card wi
Slide 10: Thank You
For personal use only THANK YOU