Wisr Ltd. · ASX:WZR
Wisr — Investor Presentation (October 2023)
13 slides from Wisr's investor presentation, Oct 30, 2023
Slide 1: Company Update Q1FY24
COMPANY UPDATE Q1FY24 30 October 2023 1
Slide 2: Q1FY24 Key Results
Q1FY24 KEY RESULTS Moderated lending volume Strong balance sheet $50M1 $1.7B1 $887M $48.3M Wisr well capitalised with in new loan total loan Wisr loan book Wisr equity cash balance of originations originations holding in Wisr DIGITAL LENDING Warehouses $53.9M PLATFORM 780 average credit Includes $20
Slide 3: Operating Cash Flow Growth
OPERATING CASH Operating cash flow1 FLOW GROWTH $5.4M of operating cash flow1 delivered in Q1FY24. The Q4FY23 operating cash flow decrease was driven by a $1.8M deferred distribution payment for Independence23 which was accrued in March and paid in April. On a normalised basis, the operating cash fl
Slide 4: Loan Unit Economics and NIM Expansion
LOAN UNIT ECONOMICS AND NIM EXPANSION Wisr is well positioned in the medium-term to deliver a business with a NIM of c. 5.8% 1, which would deliver strong profitability at scale. PRE NIM WISR CURRENT BUSINESS WISR SEPTEMBER 2023 MEDIUM TERM COMPRESSION (2021) (Rolling 4 Qrt) RUN-RATE TARGET (Example
Slide 5: Arrears
ARREARS Wisr total book average credit score & 90+ day arrears ● Q1FY24 net write-offs of $5.5M (0.61%), with the increase driven by the maturing loan book. ● The average rolling annualised loss rate over last 4 quarters is 1.88% up from 1.59% last quarter. ● The lower relative loan book growth infl
Slide 6: Moderated Lending and Proprietary Platform
MODERATED LENDING AND PROPRIETARY PLATFORM Wisr Lending Platform^ Financial Wellness Platform profiles Cumulative, to scale ^As previously advised in Q2FY23, Wisr has deliberately moderated loan origination growth to maintain balance sheet strength and prioritise profitability. Q1FY24 loan originati
Slide 7: Loan Book and Revenue Performance
LOAN BOOK AND REVENUE PERFORMANCE Wisr quarterly loan book balance1 Wisr quarterly revenue2 1 Loan Book includes all loans in WH1, WH2, Freedom21, Freedom22, Independence23, and loans held on balance sheet and excludes off-balance sheet loans of $6.4M as at 30 September 2023. 2 Q1FY24 revenue is una
Slide 8: Strong Funding Platform
STRONG FUNDING PLATFORM ● WH1, our PL warehouse, has $450M of committed funding and Funding as at 30 September 2023 an undrawn capacity of $72M, while WH2 (SVL) has committed funding of $250M and an undrawn capacity of $78M (total $150M available) ● Both WH1 and WH2 were renewed for the customary 1-
Slide 9: Capital Position
CAPITAL CAPITAL ASSETS DESCRIPTION POSITION Restricted cash Cash held in the Wisr Warehouses consists of customer loan $33.7M repayments (principal and interest) and unutilised funds from note subscriptions (predominantly third-party debt). Use of these funds is restricted to the purposes of funding
Slide 10: Smart Decisions at Any Stage of a Customer's Life
WISR FINANCIAL WELLNESS PLATFORM (FWP) LOAN OFFER CREDIT SCORES SMART DECISIONS By accompanying customers through When a customer’s financial situation or Wisr knows when customers’ credit scores improve enough to AT ANY STAGE OF A significant money behaviour changes, we make them eligible for a loa
Slide 11: Moderated Loan Volume Strategy Continues
EXECUTIVE SUMMARY MODERATED LOAN VOLUME STRATEGY CONTINUES OPERATING CASH FLOW IMPROVEMENT Q1FY24 operating cash flow of $5.4M2, increased on a normalised basis by 22%3 (Q4FY23: $4.4M normalised) and EBTDA at $(0.8)M2 (Q4FY23: $0.9M). DELIBERATE MODERATION OF LOAN Loan origination volume continues t
Slide 12: Thank You
THANK YOU ASX: WZR Level 4, 55 Harrington St, The Rocks, NSW 2000 ABN 80 004 661 205 1300 992 007 12
Slide 13: Disclaimer
DISCLAIMER No investment advice or offer of shares presentation is based or the accuracy, completeness or reliability of the information contained in this presentation. This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose in any shares of