Wrkr Ltd · ASX:WRK
Wrkr — Shareholder Meeting (November 2024)
24 slides from Wrkr's shareholder meeting presentation, Nov 21, 2024
Slide 1: 2024 AGM
2024 AGM For personal use only 21 November 2024 Wrkr Ltd ASX: WRK Authorised by: Trent Lund Wrkr Ltd Chief Executive Officer ACN 611 202 414 trent.lund@wrkr.com.au Level 3, Suite 1, 104 Commonwealth Street Surry Hills NSW 2010
Slide 2: Wrkr
Wrkr For personal use only At Wrkr our purpose is to make compliance effortless, so businesses and employees can thrive. We aim to do this by streamlining the journey from onboarding to receiving pay and benefits. Our mission is to ensure that each individual meets their compliance obligations seamle
Slide 3: Agenda
Agenda For personal use only Chair Welcome AGM Resolutions and Voting Wrkr CEO Presentation ● Business Overview ● Financial Performance ● Governance & Risks ● Outlook Q&A
Slide 4: AGM Proxy Results
AGM Proxy Results For personal use only Resolution For Against Open Abstain Resolution 1 - Remuneration Report 466,865,208 250,000 36,148,394 100,027 Resolution 2 - Re-election of Emma Dobson 563,107,920 0 36,179,294 100,027 Resolution 3 - Ratification of Placement Share Issue 543,893,374 260,000 20
Slide 5: Business Overview
For personal use only Business Overview
Slide 6: Key Achievements
Key Achievements For personal use only Market Activity Talent In FY24, and continuing into FY25, the Wrkr Management team have balanced tight cost controls while continuing to Growth advance the platform, market position and develop the revenue pipeline. Informing $8 Industry ARPU Standards Geograph
Slide 7: Market Landscape
Market Landscape For personal use only Market Landscape FY24 has seen a considerable shift across the landscape of superannuation and payroll. Payday Super Reforms Shifting Competition & Focus Market Consolidation ● Regulation progressed: The ● Competitor Landscape: ● Super Landscape: Continues to L
Slide 8: Market Reach
Market Reach For personal use only Market Activity The Wrkr Management team have increased our market presence and growth opportunities. API Partner Program gaining MUFG Retirement Solutions Geographic expansion to Hong Kong momentum with go-to-market solutions partnership, platform and integration
Slide 9: Product innovation
Product innovation For personal use only Wrkr PLATFORM Example application home screen ● Employer READY set up to support KYC and multiple pay types ● Fraud detection integration ● Multi cloud and multi-region ● API enablement of all services Wrkr READY ● White labelled onboarding and verification s
Slide 10: Financial Performance
For personal use only Financial Performance
Slide 11: FY24 Financial Highlights
FY24 Financial Highlights For personal use only FY24 v FY23 Revenue EBITDA ARR $9.6m $0.5m $6.7m 46% $6.6m 133%-$1.6m 17% $5.7m Operating Cash Receipts Cost to Cash flows from Customers Income Ratio $0.34m $9.5m 0.97 189%-$0.38m 46% $6.5m 25% 1.29 ● ARR is calculated using the Q4 average ARR to accou
Slide 12: Statement of profit or loss
Statement of profit or loss For personal use only The FY24 net loss after tax is $3.82m which is an 8% A$ FY23 FY24 % Change improvement from FY23. Operating Revenue 6.58m 9.59m 46% Revenue increased by 46% from $6.6m in FY23 to $9.6m in FY24. This was driven by increases in the following revenue seg
Slide 13: Statement of financial position
For personal use only Statement of financial position A$ 30 Jun 23 30 Jun 24 Strengthening of Balance Sheet Cash & Cash Equivalents 4.11m 1.94m Post 30 June 2024, Wrkr completed a $7.8m Restricted client trust funds 28.9m 38.4m capital raise and converted $3.3m of convertible Other Current Assets 1.4
Slide 14: Historical Financial Results by Financial Year
Historical Financial Results by For personal use only $9.6m Financial Year $6.57m ↑46% ↑43% $4.60M ↑120% Wrkr has achieved $2.31M >42% year on year ↑42% revenue growth since $1.73m $1.43m the merger with ↓17% Comply Path Pty Ltd in November 2020. Operating Revenue FY19 to FY24 FY19 FY20 FY21 FY22 FY
Slide 15: Governance & Risk Management
Governance For personal use only & Risk Management
Slide 16: Governance & Risk
Governance & Risk For personal use only Board and Leadership ● Randolf Clinton retired as Director 22/10/2024 ○ Undertaking review of Board composition and determine requirements moving forward. ● Key management hires: ○ Head of COO and Service Delivery, Con Lambropoulos ○ Head of Product, Michael F
Slide 17: Compliance complexity is on the rise
Compliance complexity For personal use only is on the rise Focus on employer accountability CDR / PII Data management is is increasing increasing complication E.g Super Stapling E.g. balancing storage and evidence Compliance requirements are Payments simplification increasing E.g BECS / NPP E.g Super
Slide 18: We take security seriously
We take security For personal use only seriously User control data Active Fraud driven consent Prevention Technology to enable user control and time Fraud Reduction Intelligence Platform, CIAM based consent for visibility for visibility of Platform and Passwordless Authentication attestation, and do
Slide 19: Outlook Business
For personal use only Outlook Business
Slide 20: Business Strategy
Business Strategy For personal use only Achieve Market Enable industry Create a strong Leadership in & regulatory moat Super change ● Add >2m Wrkr users* ● Optimised for Payday Super ● Increase payroll integrations ● Make Wrkr products ● Support for multiple ● Lead advancements in available through
Slide 21: Executive & Leadership Team
Executive & Leadership Team For personal use only Karen Gilmour Con Lambropoulos Joe Brasacchio Jean-Paul Seow Greg Tonner CFO COO and Head of CTO (Comply Path Head of Commercial Head of Growth Delivery Founder) and Alliances Karen has over 15 years Con brings over 30 years of Joe has over 20 years
Slide 22: Board
Board For personal use only Emma Dobson Paul Collins Jillian McGregor Trent Lund Non-Executive Chair Non-Executive Director Company Secretary CEO and Managing Director Trent has over 25 years experience in technology and innovation. Trent is also CEO of Unlocked Ventures and holds numerous advisory
Slide 23: Summary information
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
Slide 24: Thank you & Questions
For personal use only Thank you & Questions wrkr.com.au