Laybuy : Appendix 4D and FY22 Half Year Report

For personal use only

APPENDIX 4D

FY22 HALF YEAR REPORT

Under ASX listing rule 4.3A

Company details

Name of entity	Laybuy Group Holdings Limited
ARBN	642 138 476
Reporting period	30 September 2021
Previous period	30 September 2020

Results for announcement to the market

Change from previous period

	%	NZ $000
Revenue from ordinary activities	60%	7,927
Loss after tax from ordinary activities	15%	(3,846)
Loss for the period attributable to ordinary equity holders	15%	(3,846)

	2021	2020
Net tangible assets per ordinary share	NZ$0.21	NZ$0.28

No dividends are proposed, and no dividends were declared or paid for the six months ended 30 September 2021.

During the six months ended 30 September 2021, Laybuy gained control, or incorporated the following entity:

Name	Date control gained
Laybuy SPV (NZ) Limited	16 September 2021

Additional disclosure requirements and supporting information for the Appendix 4D is contained within the FY22 Half Year Report, which includes the Directors' Report. This Appendix should be read in conjunction with the Half Year Report.

This announcement was approved for release by the Board of Directors of Laybuy Group Holdings Limited.

onlyuse

personalLaybuy (ASX:LBY)

Gaining Momentum

FY22 Half Year Report

r

02

FY22 HalfYear Report - Performance Highlights

onlyYoY to NZ $782m	Up 60% YoY
Annualised GMV1	Half Year Income
↗60%	NZ$21.2m
use	Normalised EBITDA2
Regional GMV
↗95%UK	NZ$(16.3m)
↗32% ANZ	Up from NZ$(8.1m) PcP
personal	Active Customers3
Active Merchants3
↗86%	↗57%
YoY to 11,700	YoY to 889,000

1. Annualised Gross Merchandise Value (GMV) represents half year GMV multiplied by 2. GBP and AUD denominated metrics are converted at the average historical exchange rates for each of the half year.
2. Excluding Significant Items (Normalised EBITDA).
3. Active is defined as having transacted at least once in the last 12 months.

Laybuy FY22 Half Year Report

r

Net Transaction Margin

1.5%

or NZ$5.7m, down from 1.7% YoY

Affiliate Marketing Network

>160

App Exclusive Merchants

New and increased debt facilities totalling

NZ$88.4m

Supporting GMV writing capacity of over NZ$2.3bn

PERFORMANCE HIGHLIGHTS

03

Inside

only02

Performance Highlights

04

useDirectors' Report

05

Operating and

Financial Performance

07

personalFinancial Performance

10

Financial Position

11

Interim condensed consolidated financial statements

32

Independent auditor's review report

35

Corporate directory

These interim condensed consolidated financial statements included within the Report (Half Year Report) have been prepared in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting and does not include all the information and disclosures normally included in an annual financial report. The historical financial statements for Laybuy Group Holdings Limited (collectively the Group or Laybuy) with full note disclosure are available on their website, https://laybuyinvestors.com/ investor- centre/?page=asx-announcements.

The Group has also released information to the Australian Securities Exchange operated by ASX Limited (ASX) in compliance with the continuous disclosure requirements of the ASX Listing Rules. Announcements made by the Group under such rules are available on ASX's internet site: www.asx.com.au (the Group's ASX code is 'LBY').

The material in this report Half Year Report has been prepared by Laybuy Group Holdings Limited ARBN 642 138 476 and is current at the date of this Report. It is general background information about Laybuy's activities, is given in summary form in terms of the requirements of NZ IAS 34 Interim Financial Reporting,

and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered with professional advice when deciding if an investment is appropriate.

The FY22 Half Year Report was authorised for issue by Laybuy's Directors on 23 November 2021. The Board of Directors has the power to amend and reissue the Half Year Report.

Some parts of the commentary include information regarding plans and strategy for the business. Actual results and timing of certain events may differ materially from future results expressed or implied by the forward-looking statements contained in this commentary.

All amounts are presented in New Zealand dollars (NZD) except where indicated, and comparatives relate to the six months ended 30 September 2020 (H1 FY21, YoY or PcP) unless otherwise stated. Non-GAAP measures have been included, as Laybuy believes they provide useful information for readers to assist in understanding the Group's financial performance. Non-GAAP financial measures should not be viewed in isolation or considered as substitutes for measures reported in accordance with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).

Laybuy FY22 Half Year Report

r

CONTENTS

04

Directors' Report
useonly
The Directors submit their report on the consolidated entity consisting of Laybuy Group Holdings
Limited (Company) and its subsidiaries (Group) for the half year ended 30 September 2021.
personalr	STEVEN FISHER	GARY ROHLOFF	MARK HABERLIN	CRAIG STYRIS
Chair and Independent	Managing Director	Independent, Non-Executive Director	Non-Executive Director
Non-Executive Director		Chair of the Audit and Risk Committee	Chair of the Nomination and
				Remuneration Committee
Each of the Directors listed above held office as a Director throughout the period and until the date of this report.

Principal activities	Financial result
The principal activity of the Group is to provide a Buy-Now-Pay-Later (BNPL) payment	The Group reported a Statutory Loss After Tax of NZ$22.6 million for the half year
solution for customers and merchants through its platforms.	ended 30 September 2021 (2020: Statutory Loss After Tax of NZ$26.4 million).
Laybuy FY22 Half Year Report	DIRECTORS' REPORT