Wisr Ltd. · ASX:WZR
Wisr — Investor Presentation (June 2021)
29 slides from Wisr's investor presentation, Jun 1, 2021
Slide 1: Capital Raising: Accelerating Growth
CAPITAL RAISING ACCELERATING GROWTH JUNE 2021
Slide 2: Important Notices & Disclaimers
IMPORTANT NOTICES & DISCLAIMERS IMPORTANT: You must read the following before continuing. This presentation (Presentation) has been prepared by Wisr Limited (ACN 004 661 205) (Wisr or the Company) in To the maximum extent permitted by law, the Company and the Lead Manager and their respective relate
Slide 3: Important Notices & Disclaimers (Cont 1)
IMPORTANT NOTICES & DISCLAIMERS (CONT 1) The distribution of this presentation in jurisdictions outside Australia may also be restricted by law. Any recipient who is Financial data outside Australia must seek advice on and observe any such restrictions. Any failure to comply with such restrictions A
Slide 4: Important Notices & Disclaimers (Cont 2)
IMPORTANT NOTICES & DISCLAIMERS (CONT 2) Forward looking statements (Cont) Lead Manager and advisors Forward‐looking statements, including projections, guidance on future earnings and estimates are provided as a general Neither the Lead Manager, nor any of its or Wisr's respective advisers or any of
Slide 5: We've Built a Scalable Business Model That Is..
WE’VE BUILT A SCALABLE BUSINESS MODEL THAT IS.. PURPOSE-LED FAST-GROWING EFFICIENT WITH SIGNIFICANT A vision to bring financial wellness Wisr already delivering a strong core Market-leading proprietary tech OPPORTUNITIES to all Australians business with 19 quarters of consecutive platform backed by
Slide 6: Wisr Attracts Australia's Most Creditworthy Customers
WISR ATTRACTS AUSTRALIA’S MOST CREDITWORTHY CUSTOMERS, UNDERPINNING THE SUCCESS OF ITS MODEL AND MARKET POSITIONING Strong credit quality with reductions in 90+ Wisr customers have higher reported Wisr has lowest reported percentage of day arrears and observable improvements average credit scores co
Slide 7: Wisr Roadmap
WISR ROADMAP Foundations set, proven ability to Current position Future growth horizons execute ● Q3FY21’s exit run rate (circa $400M ● Next 3–5-year plan delivers exciting 19 consecutive quarters of loan growth annualised originations), shows a clear opportunities for growth beyond current delivere
Slide 8: Table of Contents
TABLE OF CONTENTS 1 Capital Raise 2 Use of Growth Capital 3 Key Risks 7
Slide 9: Capital Raise
CAPITAL RAISE 8
Slide 10: Up to $55M of Capital Being Raised
UP TO $55M OF CAPITAL BEING RAISED Placement Share purchase plan Use of capital ● The Placement will raise approximately A$50M ● Non-underwritten SPP to raise up to A$5M1 ● Loan book growth: accelerate the pace to and is fully underwritten by Goldman Sachs achieve the medium-term target of $1B loan
Slide 11: Placement & SPP Timetable
PLACEMENT Placement Timetable Date & SPP Trading halt Monday, 31 May 2021 TIMETABLE1 Launch of the Placement and lodgment of Investor Presentation Tuesday, 1 June 2021 Trading halt lifted and completion of the Placement Wednesday, 2 June 2021 Settlement of New Shares under the Placement Friday, 4 Ju
Slide 12: Use of Growth Capital
USE OF GROWTH CAPITAL 11
Slide 13: Growth Capital to Support the Next Phase of Wisr's Growth
GROWTH CAPITAL TO SUPPORT THE NEXT PHASE OF WISR’S GROWTH 1 2 3 Loan book growth Technology investment and feature Expanding TAM by exploring new enhancement markets and growth opportunities ● Accelerate the pace to achieve the medium term target of a $1B loan book, ● Invest further in the technolog
Slide 14: Capital to Sustain Accelerated Growth of a High Quality Loan Book
1. LOAN BOOK GROWTH CAPITAL TO SUSTAIN ACCELERATED GROWTH OF A HIGH QUALITY LOAN BOOK Loan originations ($M) Loan book ($M) 19 quarters of consecutive growth Wisr operated under an off-balance sheet funding model until November 2019, when the Wisr Warehouse went live. 21) Q3FY to Y18 Q1F m 21) (fro
Slide 15: Wisr Remains Focused on Achieving Its Medium-Term Target of $1B Loan Book
1. LOAN BOOK GROWTH WISR REMAINS Indicative model of the Wisr core business at scale FOCUSED ON Wisr $1B ACHIEVING Securitisation At Scale $ Range Avg Book settlement on Economics Run-rate1 (P.A.) (%) 31 May ITS MEDIUM- Wisr Warehouse Loan Book Revenue $110–130M 11–13% Gross Margin $75-85M 7.5–8.5%
Slide 16: Seeding the Wisr Freedom Trust 2021-1 Will Support Future Growth
1. LOAN BOOK GROWTH SEEDING THE WISR FREEDOM TRUST 2021-1 WILL SUPPORT FUTURE GROWTH AND NET MARGIN UPLIFT The inaugural ABS transaction delivered A$225M of asset-backed securities, supported by a pool of fully amortising unsecured consumer personal loans Key highlights of the transaction The Wisr F
Slide 17: Wisr Continues to Invest in Its Technology
2. TECHNOLOGY INVESTMENT & FEATURE ENHANCEMENT WISR CONTINUES $7.5M In Q3FY21 Wisr Quarterly Revenues TO INVEST IN ITS TECHNOLOGY PLATFORM WHICH IS DRIVING REVENUE ACCELERATION 27% revenue growth in Q3FY21 vs Q2FY20 275% revenue growth in Q3FY21 vs Q3FY20 Strong revenue growth with Wisr Warehouse fu
Slide 18: The Big Picture - Becoming a Wide-Reaching Platform Focused on Financial Wellness
2. TECHNOLOGY INVESTMENT & FEATURE ENHANCEMENT THE BIG PICTURE - BECOMING A WIDE-REACHING PLATFORM FOCUSED ON FINANCIAL WELLNESS Wisr has built a large Financial Current Platform (approaching 500K profiles) On the horizon: Wellness Platform of users through multiple channels across different markets
Slide 19: The Power of the Platform Fuelling Future Growth
3. EXPANDING TAM: NEW MARKETS & OPPORTUNITIES THE POWER Strongest customer growth achieved via the platform OF THE Wisr Customer Profiles Future growth horizons ● Next 3–5-year plan delivers exciting PLATFORM o Ma r-2 1) opportunities for growth beyond current trajectory, as the world of consumer FU
Slide 20: Financial Wellness Is Part of Wisr's DNA
3. EXPANDING TAM: NEW MARKETS & OPPORTUNITIES FINANCIAL Wisr today Strong momentum towards Wisr tomorrow Leveraging our core …delivering cutting-edge WELLNESS IS profitability, and investing for growth through innovation profitability and solving for financial wellness will present experiences that
Slide 21: Key Risks
KEY RISKS 20
Slide 22: Key Risks
KEY RISKS Investors should be aware that there are risks associated with an investment 2. Access to funding under the Wisr Warehouse and ABS issuance Widespread borrower default or arrears on loans in the Wisr Warehouse in Wisr. Wisr has a receivables financing arrangement in Australia for A$350m (W
Slide 23: Key Risks (Cont 1)
KEY RISKS (CONT 1) which would materially impact Wisr's ability to continue to operate its may cause harm to Wisr's reputation. Any adverse perception of Wisr's • any such supplier fail to enable Wisr to provide its customers with business. The imposition of new or modified conditions on Wisr's exis
Slide 24: Key Risks (Cont 2)
KEY RISKS (CONT 2) There is a risk that Wisr's platform may experience downtime or interruption There is a risk that Wisr's marketing costs may increase as a result of 15. Loss of or failure to attract key management personnel from system failures, service outages, corruption of information technolo
Slide 25: Key Risks (Cont 3)
KEY RISKS (CONT 3) proceedings in the course of its business. In addition, there is a risk that 23. Exposure to adverse macroeconomic conditions Wisr saw a number of deferrals of repayment of loan instalments due to the Wisr will become subject to regulatory investigations and fines by Wisr's busine
Slide 26: Appendices
APPENDICES 25
Slide 27: Appendix A: Summary of Placement Agreement
APPENDIX A: SUMMARY OF PLACEMENT AGREEMENT Wisr has entered into an agreement with Goldman Sachs Australia Pty Ltd (ABN 21 006 797 897) (the Lead Manager), o a general moratorium on commercial banking activities in Australia, the United States Hong Kong, or the United under which the Lead Manager ha
Slide 28: Appendix B: International Offer Restrictions
APPENDIX B: INTERNATIONAL OFFER RESTRICTIONS This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and Singapore the New Shares may not be o
Slide 29: Appendix B: International Offer Restrictions
APPENDIX B: INTERNATIONAL OFFER RESTRICTIONS experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial United Kingdom Services and Markets Act 2000 (Financial Promotions) Order 2005 ("FPO"), (ii) who fall within the categories of Neither t