Slide 1: Compliance. Simple. Investor Presentation
For personal use only Compliance. Simple. Investor Presentation 18 July 2024 Wrkr Ltd Authorised by: Trent Lund ACN 611 202 414 Chief Executive Officer Level 3, Suite 1, 104 Commonwealth St trent.lund@wrkr.com.au Surry Hills NSW 2010
Slide 2: Wrkr Ltd
Wrkr Ltd For personal use only Entity: Wrkr Ltd Web: www.wrkr.com.au ASX: WRK Office: 104 Commonwealth Street, Share Price: $0.031* Surry Hills, Sydney 2010 Market Cap: ~$39.42m* Staff: 42 CEO: Trent Lund (Director) Locations: CFO: Karen Gilmour Board: Emma Dobson (Chair) Sydney, Melbourne Paul Colli
Slide 3: Quick Facts
Quick Facts For personal use only $8 ARPU Product Mix: $5.2m* Onboarding ARR Pay & Super Processing Compliance report lodgment 500k Licence & Credential checks ~$9m-$10m* Direct SaaS Total Revenue Users Revenue mix: $9.2m* SaaS User License Operating Transaction Fees Expenses Float interest income 2
Slide 4: The problem
The problem: For personal use only There are two areas where employer compliance obligations are complex, lead to significant reputational risk and fines by regulators. In both, hiring and payment of employees there are steps that require third party licenced operators such as Wrkr to complete the p
Slide 5: Who needs to solve this problem
Who needs to solve this problem: For personal use only The complexity of these compliance moments requires deep integration to federal and state government data sources, holding of specialised licences and ownership of technology. Hiring an employee Paying an Employee Super Funds Identity verificati
Slide 6: Wrkr solves employee compliance moments in a branded mobile experience
Wrkr solves employee For personal use only compliance moments in a branded mobile experience From paper, errors, time, data risks to…digital, mobile, secure, data completion with real-time attestation Employer branded Mobile friendly Secure, data driven consent Real-time attestation Wrkr mobile appl
Slide 7: Our technology provides a one stop shop for compliance management
Our technology provides a ‘one For personal use only stop shop’ for compliance management Example application home screen Our integrated applications, being served from a single platform, simplifies the experience for Employers. One secure application to manage compliance moments between employers an
Slide 8: Our MUFG Retirement Solutions build for Industry Funds
Our MUFG Retirement Solutions For personal use only (formerly Link Group), build for “Industry Funds” balances shared benefits and competitive differentiation by: A Fund branded example of the Wrkr application MUFG contract management and aggregated pricing Fully funded integration to MUFG Aspire™ ad
Slide 9: The MUFG & Wrkr Contract provides potential access to some of Australia's largest funds
The MUFG & Wrkr Contract provides potential access to some of Australia’s For personal use only largest funds Australian Market: Approx 16m contributing members ● MUFG Industry Funds share the (~14.5m Employees / >19.4m Jobs ) same Administration platform and support model, that could benefit from a
Slide 10: FY24 Financial Highlights
FY24 Financial Highlights FY24 compared to FY23 For personal use only Operating Cash Receipts Cost to Cash Flows from Customers Income Ratio +$340k $9.51m 0.95 46% $6.52m 190% -$376k 36% 1.29 ● Positive net operating cash flows achieved for the first time since Wrkr was listed in 2016 demonstrating:
Slide 11: Historical financial results
Historical financial results by financial year $9-$10m ↑>40% For personal use only $6.57m ↑43% $4.60M ↑120% $2.31M ↑42% $1.73m $1.43m ↓17% Operating Revenue FY19 to FY24 FY24 FY19 FY20 FY21 FY22 FY23 Projection Operating Revenue 1,727,694 1,426,490 2,031,560 4,597,852 6,575,048 EBITDA -1,168,743 -1,74
Slide 12: Financial outlook
Financial outlook For personal use only ● Projected FY24 net operating revenues between $9m to $10m ● Continue focus to improve financial performance targeting positive EBITDA in FY25 ● Continue to balance our investment between short term revenue generation and long term growth ● With less than 24 m
Slide 13: Wrkr & industry trends
Wrkr & industry trends For personal use only Strong contracted base Regulatory tail winds 500K direct users, ART Super, MUFG, Rest Super Proposed PayDay Super reforms are set to double ‘Super’ transactions and open a Positioned for growth (SaaS) software change moment across Australian MUFG deal pro
Slide 14: Thank you & Questions
For personal use only Thank you & Questions wrkr.com.au
Slide 15: Management Team
Management Team For personal use only Trent Lund Karen Gilmour Joe Brasacchio Jean-Paul Seow Greg Tonner CEO and Managing CFO CTO (Comply Path Head of Commercial Head of Growth Director Founder) and Alliances Trent has over 25 years Karen has over 15 years Joe has over 20 years of Jean-Paul has over
Slide 16: Board
Board For personal use only Emma Dobson Paul Collins Randolf Clinton Jillian McGregor Non-Executive Chair Non-Executive Director Non-Executive Director Company Secretary
Slide 17: Summary information and disclaimer
Summary information Financial data This presentation contains summary information about Wrkr Ltd (Company) (ASX: WRK) and its All financial information in this presentation is in Australian dollars ($ or AUD) unless For personal use only activities as at the date of the presentation. The information