Way 2 Vat Ltd · ASX:W2V
Way 2 Vat — Investor Presentation (February 2022)
19 slides from Way 2 Vat's investor presentation, Feb 28, 2022
Slide 1: Global VAT Refunds – Investor Presentation Preliminary Full Year FY21
For personal use only Global VAT Refunds Solution at your Fingertips Investor Presentation Preliminary Full Year FY21
Slide 2: Purpose, Vision and Leadership Team
Purpose Leadership Team For personal use only Simplify and Fully Amos Simantov Automate VAT Reclaim Founder & CEO for Business Smadar Noy Chief Financial Officer Vision DR. Roy Shilkrot Chief Technology Officer To Challenge the Status Quo of the Global Aviv Barshaf VAT/GST Industry from Strategic Ad
Slide 3: World's only fintech automating global VAT/GST reclaim
W2V is the world’s only fintech company For personal use only That automates global VAT/GST reclaim processing through image processing and AI Key 19 Technology Partners Partners SMB Customers Enterprise Customers 700 Over Over 200 Resulting in up to 30% more reclaimed VAT/GST 3
Slide 4: Unexplored opportunity: US$20 billion unclaimed VAT/GST
Unexplored opportunity For personal use only $8B 40% Enterprise 60% $12B SMB Likelihood of error in Every year SMBs give up on reclaiming $12B in VAT. Without a fully automated manual data handling 1 solution, SMBs lack the manpower or skill set to recover these expenses. W2V with its end-to-end aut
Slide 5: Solution
Solution For personal use only That automates global VAT/GST reclaim processing through image processing and AI AI technology patents Proprietary image- VAT/ GST refunds in 20 languages processing technology across 40 countries USPTO granted – 3 patents 100% owned by W2V 5
Slide 6: Business Model and FY21 highlights
Business Model and FY21 highlights For personal use only Multi year 14¢ on the contracts 520 87% $9.86M dollar Average New enterprise & SMB Increase in Transaction VAT refunds in 2021 On every $1M claimed clients obtained in 2021 Volume to $9.86M we receive $200K 2-3 years Currency presented in US d
Slide 7: Financials
For personal use only Financials 7
Slide 8: Financial Snapshot FY21
Financial Snapshot FY21 For personal use only $1.32M 79% $3.1M $1.5M 20.8% Net Revenue in 2021 Gross Profit Margin Cash balance Trade Receivables Cost of Revenue Currency presented in US dollars 8
Slide 9: Preliminary FY21 Overview – Profit & Loss
Preliminary FY21 Overview – Profit & Loss For personal use only Net Revenue Profit & Loss (US$ ’000) Year ended Year ended Year ended % movement $1.32M REVENUE 31 Dec 2019 408 31 Dec 2020 1,034 31 Dec 2021 1,321 FY21 vs FY20 +27.8% (28% vs PCP) COST OF REVENUE (129) (177) (275) +55.4% Transaction Gr
Slide 10: Preliminary FY21 Overview – Cash Flows
Preliminary FY21 Overview – Cash Flows For personal use only Cash Flow ($US’000) Year ended Cash Flow (Continued) ($US’000) Year ended 31 Dec 2021 31 Dec 2021 Loss for the year (6,731) Purchase of property, plant and equipment (29) Share based payment 2,009 Net cash used in investing activities (29)
Slide 11: Preliminary FY21 Overview – Balance Sheet
Preliminary FY21 Overview – Balance Sheet For personal use only Balance Sheet Year ended Year ended Balance Sheet (Continued) Year ended Year ended (US$ ’000) 31 Dec 2020 31 Dec 2021 (US$ ’000) 31 Dec 2020 31 Dec 2021 ASSETS LIABILITIES (Continued) Cash & Cash Equivalents 1,912 3,132 Credit line 333
Slide 12: Strategy & Outlook
For personal use only & Outlook Strategy 12
Slide 13: Growth Strategy
Growth Strategy For personal use only Grow sales through Increase number of European Hub integration partnership Focus on SMB Consider growth solution by opportunities via engaging with SMB acquisition technology vendors 13
Slide 14: Smart Spend Card 2022 Growth Engine
SMART SPEND For personal use only CARD 2022 GROWTH ENGINE 14
Slide 15: Offering corporates smarter management of expenses
Smarter management of Offering corporates expenses For personal use only Subscriptions Control Accounts Payable Compliance Visibility Travel Expenses Savings VAT Reclaim 15
Slide 16: Smart spend card and VAT refund flow
For personal use only subscription travel expenses accounts payable Mobile App Ruling Engine Payment VAT Compliance VAT Refund (smarter mng of expenses) (smart spend card) (AIA) Money is back to card balance 16
Slide 17: Pandemic Influence on W2V Activity
For personal use only Pandemic Throughout the pandemic, WAY2VAT provided multinational clients with an automated solution for their local and foreign Influence on VAT/GST claims, as well as their Accounts Payable claims. W2V Activity This pivot away from travel-related claims enabled WAY2VAT to grow
Slide 18: Outlook
Outlook For personal use only We expect some substantial growth in revenue post covid in 2022 W2V continue to focus on sales, product development and R&D New global corporate clients as well as new signed partnerships which led to hundreds new SMB clients to contribute to 2022 Revenue growth.
Slide 19: Thank You
For personal use only THANK YOU 19