Wisr : Appendix 4C - quarterly

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Wisr Limited
ABN	Quarter ended ("current quarter")
80 004 661 205	30th June 2020

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(12 months)
				$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	2,404	4,760
1.2	Management fee income	380	1,472
1.3	Payments for
	(a)	research and development	-	-
	(b)	product manufacturing and operating
		costs	(719)	(3,205)
	(c)	advertising and marketing	(1,035)	(4,004)
	(d)	leased assets
	(e)	staff costs	(2,330)	(8,858)
	(f)	administration and corporate costs	(458)	(2,189)
1.4	Dividends received (see note 3)	-	-
1.5	Interest received	13	49
1.6	Interest and other costs of finance paid	(565)	(1,080)
1.7	Income taxes paid	-	-
1.8	Government grants and tax incentives	-	219
1.9	Other (provide details if material)	-	-
1.10	Net cash from / (used in) operating
	activities	(2,310)	(12,836)
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c)	property, plant and equipment	-	-
	(d)	investments	(29)	(29)
	(e)	intellectual property	-	-

ASX Listing Rules Appendix 4C (01/12/19)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(12 months)
				$A'000
	(f)	other non-current assets	-	-
2.2	Proceeds from disposal of:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c) property, plant and equipment	-	-
	(d)	investments	518	518
	(e)	intellectual property	-	-
	(f)	other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)
	Net movement in customer loans	(31,630)	(83,023)
2.6	Net cash from / (used in) investing
	activities	(31,141)	(82,534)
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities	450	36,500
	(excluding convertible debt securities)
3.2	Proceeds from issue of convertible debt
	securities	-	-
3.3	Proceeds from exercise of options	-	1,163

3.4 Transaction costs related to issues of

	equity securities or convertible debt
	securities	-	(860)
3.5	Proceeds from borrowings	34,000	85,600
3.6	Repayment of borrowings	-	(425)
3.7	Transaction costs related to loans and
	borrowings	(73)	(628)
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing
	activities	34,377	121,350

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1	Cash and cash equivalents at beginning of	37,047	11,993
	period
4.2	Net cash from / (used in) operating
	activities (item 1.10 above)	(2,310)	(12,836)

ASX Listing Rules Appendix 4C (01/12/19)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter	Year to date
		$A'000	(12 months)
			$A'000
4.3	Net cash from / (used in) investing activities
	(item 2.6 above)	(31,141)	(82,534)
4.4	Net cash from / (used in) financing activities
	(item 3.10 above)	34,377	121,350
4.5	Effect of movement in exchange rates on
	cash held	-	-
4.6	Cash and cash equivalents at end of
	period	37,973	37,973
5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$A'000	$A'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	33,242	35,476
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (restricted cash)	4,731	1,571
5.5	Cash and cash equivalents at end of	37,973	37,047
	quarter (should equal item 4.6 above)
6.	Payments to related parties of the entity and their	Current quarter
	associates		$A'000
6.1	Aggregate amount of payments to related parties and their
	associates included in item 1		57

6.2 Aggregate amount of payments to related parties and their associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

ASX Listing Rules Appendix 4C (01/12/19)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

7.	Financing facilities	Total facility
	Note: the term "facility' includes all forms of financing	amount at quarter
	arrangements available to the entity.	end
	Add notes as necessary for an understanding of the
	$A'000
	sources of finance available to the entity.
7.1	Loan facilities	95,000
7.2	Credit standby arrangements
7.3	Other (please specify)
7.4	Total financing facilities	95,000
7.5	Unused financing facilities available at quarter end

Amount drawn at

quarter end

$A'000

85,916

85,916

9,084

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

The facility in 7.1 is a Warehouse Trust with NAB as senior funder, a cost of funds of circa 3.5%, senior maturity in November 2021 and secured against the loan receivables it funds. Post 30 June 2020, the facility in 7.1 was increased to $150 million.

In Q1FY18, an off-balance sheet wholesale funding agreement was entered into structured around the whole loan purchase of Wisr originated assets. The balance at 31 March 2020 was circa $80 million and Wisr continues to make use of and service this facility.

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (Item 1.10)	(2,310)
8.2	Cash and cash equivalents at quarter end (Item 4.6)	37,973
8.3	Unused finance facilities available at quarter end (Item 7.5)	9,084
8.4	Total available funding (Item 8.2 + Item 8.3)	44,747
8.5	Estimated quarters of funding available (Item 8.4 divided by	19
	Item 8.1)
	Wisr notes Item 8.3 above is utilised for loan funding as opposed to operating expenses.

8.6 If Item 8.5 is less than 2 quarters, please provide answers to the following questions:

1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer:

2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer:

3. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer:

ASX Listing Rules Appendix 4C (01/12/19)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.

Date:

28 July 2020

Authorised by: By the board

(Name of body or officer authorising release - see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board".
   If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee - eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (01/12/19)	Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.