Slide 1: FY2024 Audited Results
For personal use only Compliance. Simple. FY2024 Audited Results Date: 30/08/2024 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: Agenda
Agenda For personal use only ● FY24 Financial Highlights & Results ● Capital Raise ● FY25 Focus & Outlook ● Q&A
Slide 3: Wrkr is on a mission to revolutionise workforce compliance
Wrkr is on a mission to revolutionise For personal use only workforce compliance Wrkr is a regulatory technology business helping Australian employers to simplify workforce compliance from hire to retire. Wrkr digitally solves the compliance moments from onboarding (ID, Credentials, Bank Account, Ta
Slide 4: The problem
The problem: For personal use only There are two areas where employer compliance obligations are complex and 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 th
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 SMSFs Identity verification Pay
Slide 6: FY24 Financial Highlights
FY24 Financial Highlights For personal use only FY24 v FY23 Revenue EBITDA ARR $9.6m $0.5m $6.7m 45% $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 acc
Slide 7: Historical financial results
Historical financial results by financial year $9.59m ↑>46% For personal use only $6.57m ↑43% $4.60M ↑120% $2.31M ↑42% Wrkr has achieved $1.73m >42% year on year $1.43m revenue growth since ↓17% the merger with Comply Path Pty Ltd Operating Revenue in November 2020. FY19 to FY24 FY19 FY20 FY21 FY22 FY
Slide 8: FY24 Statement of profit or loss
FY24 Statement of profit or loss For personal use only A$ FY23 FY24 % Change The FY24 net loss after tax is $3.82m which is an Operating Revenue 6.58m 9.59m 46% 8% improvement from FY23. Other Income 0.35m 0.25m (29%) $2.78m amortisation predominantly relates to the amortisation of capitalised softwa
Slide 9: FY24 Operating Revenues
FY24 Operating Revenues For personal use only Revenue increased by 46% from $6.6m in FY23 to $9.6m in FY24. This was driven by increases in the following revenue segments: ● $2.5m Development and implementation fees for MUFG Pension & Market Services contracts (Wrkr PAY) ● $0.9m transaction revenues
Slide 10: FY24 Operating Expenses
FY24 Operating Expenses For personal use only Increase in operating expenses of $0.84m A$ FY23 FY24 % Change predominantly due to additional investments in: ● 4 x new employees across Employee benefits expense 5,493,320 5,772,839 5% development, security and marketing Transaction costs 745,461 1,300
Slide 11: Statement of financial position
For personal use only Statement of financial position A$ 30 Jun 23 30 Jun 24 Cash & Cash Equivalents 4.11m 1.94m Restricted Client Trust Funds ● A change in accounting policy adopted in Restricted client trust funds 28.9m 38.4m FY24 has resulted in bringing the funds held Other Current Assets 1.49m 2
Slide 12: Capital Raise
Capital Raise For personal use only • Wrkr recently completed an institutional placement (“Placement”) that raised $6.6m via the issue of 264 million New Shares in the Company at $0.025. • Wrkr also converted its existing $3.3m of convertible notes into New Shares at the Placement price. 132 million
Slide 13: FY 2025 Focus
FY 2025 Focus For personal use only Achieve Market Enable industry Create a strong Leadership in & regulatory moat Super change ● Add >2m Wrkr users* ● Optimised for Payday Super ● Increase payroll integrations ● Make Wrkr products ● Support for multiple ● Lead advancements in available through an p
Slide 14: Thank you & Questions
For personal use only Thank you & Questions wrkr.com.au
Slide 15: Management Team
Management Team For personal use only Trent Lund Karen Gilmour Joe Brasacchio Jean-Paul Seow Greg Tonner CEO and Managing CFO CTO (Comply Path Head of Commercial Head of Growth Director Founder) and Alliances Trent has over 25 years Karen has over 15 years Joe has over 20 years of Jean-Paul has over
Slide 16: Board
Board For personal use only Emma Dobson Paul Collins Randolf Clinton Jillian McGregor Non-Executive Chair Non-Executive Director Non-Executive Director Company Secretary
Slide 17: Summary information
Summary information Financial data This presentation contains summary information about Wrkr Ltd (Company) (ASX: WRK) and its All financial information in this presentation is in Australian dollars ($ or AUD) unless For personal use only activities as at the date of the presentation. The information