Investor Presentaiton
Results in Overview
Transaction Value ↑ 26.4%
Gross Profit ↑ 28.1%
EBITDA ↑ 424.0%
Operating Leverage Achieved
STATUTORY
NORMALISED¹
STATUTORY
FY21
$'000
FY21
$'000
FY20
$'000
GROWTH -
NORMALISED
FY21 TO FY20
%
Payments Business
Performance (normalised¹)
FY21
$'000
FY20
$'000
GROWTH
%
Transaction value
25,453,507 20,131,045
26.4%
Transaction value
Payments revenue and income
Lending and investment income
25,453,507
25,453,507
20,131,045 A
26.4%
Revenue
230,204
202,826
13.5%
Other revenue and income
Revenue
Less: Direct expenses
Gross profit
Less: Operating expenses (excl. share-based payments)
EBITDA2
229,221
3,222
6,079
238,522
(119,073)
119,449
(122,551) (105,568)
230,204
3,222
202,826
13.5%
Gross profit
110,812
86,142
28.6%
1,818
77.2%
Banking Business
FY21
FY20
GROWTH
6,079
6,031
0.8%
Performance
$'000
$'000
%
239,505
210,675
13.7%
Revenue
3,222
1,818
77.2%
(119,771) (117,200)
119,734
93,475
(97,847)
2.2%
28.1%
Gross Profit
2,843
1,302
118.4%
Operating expenses (excl. share-based payments) - % of gross profit (normalised¹)
7.9%
(3,102)
14,166
(4,372)
424.0%
Less: Share-based payments expense
IPO costs
(9,342)
(8,779)
(10,896)
19.4%
116.4%
114.2%
110.3%
104.7%
96.1%
(331)
(9,730)
96.6%
88.2%
Share of loss from associates
(1,119)
(1,119)
Depreciation & Amortisation
(15,364)
(15,364)
(12,524)
22.7%
Bendigo Bank partner revenue share
698
EBIT
(29,258)
(10,398)
(37,522)
72.3%
Less: Net interest expense
Loss before tax
(517)
(29,775)
(517)
(535)
3.4%
(10,915)
(38,057)
71.3%
Normalised results are adjusted for the costs associated with the terminal connectivity issue and M&A activity. Refer to page 29 for a reconciliation of normalised results to statutory
results.
Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense, share of loss from associates, expenses
associated with the terminal connectivity issue and the IPO and other significant one-off costs. Refer to the page 29 for a reconciliation of normalised results to statutory results.
FY16
FY17
FY18
FY19
FY20 FY21
2
6View entire presentation