PayGroup : FY22 Half Year Results presentation

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FY22 Half Year Results Presentation

November 2021

onlyAgenda

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Executive Summary & Investment Highlights

• 1H FY22 Financial Results

• Commercial Update

• Strategy and Outlook

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Investment highlights

only	revenue guidance of $26m
		FY22 ARR of at least $37m and
use	Underpinned by growing core payroll business
Significant investment upside
personalr	potential
Market capitalisation of ~$50m, with FY22 ARR guidance of
at least $37m and FY22 revenue guidance of $26m

Experience

Pays

Long term contracted revenues

Growing revenue base underpinned by 3-year contracts, 98% customer retention and autorenewal

Board and Management alignment

Strong equity alignment, with Founders, PayGroup Board and Management owning ~47% of shares on issue

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PayGroup is at a major inflection point

Well positioned to accelerate revenue growth and drive margin expansion

only	Opportunity	Outlook	Revenue opportunities		Margin opportunities
		•	Continued organic growth in	•	Automation of core payroll
use	SaaS and Services			APAC		services and smart shoring
		•	Growing scale across APAC
	•	Customer account expansions
			driving growing operating
		•	New customers from GPP
			leverage
		• Increased adoption of payment	•	Increased adoption of high
Enterprise Monetisation			solutions
			margin and scalable solutions
	•	Greater up-selling of HCM
personalr				with low implementation costs
			modules
		•	Increase adoption across user	•	Increased adoption of high
	Payee Monetisation			base
				margin 'plug and play' solution
		•	Implementation of new products
				embedded into existing software
				to increase payslip monetisation

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1H FY22 financial highlights

onlyStatutory revenue1

$12.8m

use+83% on pcp Cash receipts

$13.8m

+59% on pcp

New contracts (TCV)

$9.6m

+78% on pcp

Cash

$7.7m

+45% on pcp

Gross margin

56%

+12% on FY21

Sales pipeline

6x increase

pcp 1HFY21

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Note: PayGroup's financial year ends March 1. Includes Other Income.

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