PaySauce Q2 2019 Market Update

PaySauce Grows Recurring Revenue by 120%, Customer Numbers
by 118%, and Gross Payroll Processed by 133%
1


Wellington, New Zealand - 10 July 2019

SaaS employment solutions provider PaySauce (NZX:PYS) maintains its strong year-on-year
growth trajectory for Q2 2019. Total recurring revenue
1
is up 120%. The number of
employees in New Zealand receiving their pay through PaySauce payroll software has
increased by 123% to 9,851 people, with payslips issued up 115% to 68,921. The number of
employers processing pays through PaySauce payroll software has increased by 118% to
2,002. The gross payroll value processed by PaySauce for the quarter totalled $108.4 million,
an increase of 133%.

Key Metrics
1
Q2 2019 Q2 2018
% YOY
Change
Total recurring revenue
2
NZD $343.4K NZD $156.2K 120%
# Employees (at end of qtr) 9,851 4,411 123%
# Payslips (total for qtr) 68,921 32,051 115%
# Payroll customers (at end of qtr) 2,002 917 118%
Gross value of payroll processed NZD $108.4M NZD $46.5M 133%


CEO and co-founder of PaySauce, Asantha Wijeyeratne, highlights the quarter’s key
milestones. “It’s been a frantic, but extremely rewarding quarter, ticking off several big
milestones such as our first ever annual report, hitting the 2,000 live processing customer
mark, and processing over $100M of payroll for NZ SME’s. I’m incredibly grateful for all
of the hard work put in by the team, and am truly proud of our continued success as a
growing SaaS business.”


1
these figures are prepared on the same basis as previous quarterly updates, are unaudited, and may include Non-GAAP financial information which
does not have a standardised meaning prescribed by GAAP and therefore may not be comparable to similar financial information presented by other
entities.
2
total recurring revenue includes subsidy revenue claims that have yet to be finalised with Inland Revenue, and may be subject to change.

KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS
● Recurring revenue up 120% to $343.3K
● Total employees paid through PaySauce up 123% to 9,851
● Number of payslips issued up 115% to 68,921
● Number of payroll customers up 118% to 2,002
● Gross payroll value processed up 133% to $108.4M

For more information about the quarter results to 30 June 2019, please contact
investor@paysauce.com.

ABOUT PAYSAUCE

PaySauce is software at work for people, providing employment solutions to small and medium-sized
businesses. PaySauce enables business owners to pay and manage employees accurately and
efficiently using the web, iOS, and Android applications. The PaySauce platform includes mobile
timesheets, payroll calculations, banking integration, PAYE filing, labour costing, automated general
ledger entries and digital employment contracts.
www.paysauce.com