Thank you for standing by and welcome to the WiseTech Global FY 2022 Results Conference Call. All participants are in a listen-only mode. There will be a presentation followed by a question- and- answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Richard White, CEO and Founder. Please go ahead. Good morning, everyone, and thank you for joining us today for our FY 2022 results briefing. Before I get into the financial highlights, I want to acknowledge the hard work and dedication of the WiseTech team. We are a team that is united in our vision, and we're solving real-world problems that impact people globally every day. I'm proud to be a part of that team and of the results we are sharing today. In FY 2022, we delivered total revenue of AUD 632.2 million, representing a 25% increase on FY 2021. Excluding FX, total revenue was up 26%. Within that revenue result, CargoWise revenue grew by 37% excluding FX. Its high-quality result is underpinned by 89% recurring revenue and less than 1% customer attrition. That ultra-low annual attrition rate has been consistent for the last 10 years, meaning we have very stable and predictable long-term recurring revenue and therefore considerable confidence in forward guidance. This growth is strategically important because it demonstrates the increasing revenue contribution that our large global freight forwarder rollouts deliver, as well as our ability to attract new customers and increase usage by our existing customers as we expand the CargoWise ecosystem. The remainder of our revenue was generated by non-CargoWise applications, which delivered 5% revenue growth including FX. EBITDA was up 54% versus the prior corresponding period to AUD 319 million, with our EBITDA margin growing by nine percentage points to 50%. This excellent outcome reflects our organization-wide efficiency program, including the ongoing extraction of synergies from the global business. This program delivered AUD 32.6 million in net cost reductions in FY 2022, driving further operational leverage as our revenue has grown. Our underlying NPAT for the year was up 72% at AUD 181.8 million, and our free cash flow of AUD 237.3 million was up 71% on the prior year, delivering a cash balance at June 30 of AUD 483.4 million. This demonstrates the high quality of our earnings, which, along with our undrawn debt facility, gives us plenty of headroom to execute on our growth plans. This standout performance demonstrates the increasing resilience of our business model. In an environment of persistent supply chain constraints, inflationary pressures, and COVID-related business disruption, to have delivered these outcomes is a real testament to the strength of our business, the dedication of our people, and the effectiveness of our three P strategy. In particular, I would like to recognize the exceptional efforts of our team and their ability to pivot quickly as the environment has changed. I am confident that we have the right team in place to continue achieving our goals and grow the business, ultimately building value for all of our stakeholders. In recognition of the continued strength of the WiseTech business, the board has declared a fully franked final dividend of AUD 0.064 per share, up 66% on FY 2021, representing a payout ratio of 20% of underlying NPAT. Our performance should be looked at in the context of the broader market conditions. On this slide, we have provided some external data points on global trade volumes and demand, as well as trends in freight volumes, along with some of our own views on the market and longer-term structural drivers which continue to play out. All of these support sustained demand for our solutions, acknowledging that in the near term, demand may be affected by changes in market conditions. As you can see, merchandise trade volume grew more slowly this year relative to 2021. However, growth is predicted to increase again in 2023, while demand for goods continues to track nearly 5% ahead of pre-COVID levels. As I said at the half year, COVID was the cause of many well-publicized disruptions to global supply chains in the form of capacity constraints, port congestions and labor shortages, as well as general operating inefficiencies, all of which continued through the second half. What this means is that there is a considerable backlog which we expect to support freight volumes. Noting U.S. imports are still expected to be higher than the record year experienced in 2021. While there are differing views around near-term trends, we believe all of the structural drivers of the industry will continue to push global freight forwarders and logistics providers to strive for operational improvements with a focus on efficiency. This will accelerate the replacement of in-house legacy systems with modern, globally capable, integrated software solutions that deliver efficiency, enhance productivity, transparency and visibility, mitigate risk, and facilitate better planning and control of their complex global operations. These capabilities are exactly what CargoWise delivers. In this uncertain environment, organizations are much more focused on their efficiency and profitability while they continue to adopt new hybrid working models, take their businesses into the cloud, and digitize their documents and processes. An increasingly complex regulatory environment that includes substantial fines and penalties drives the need for better control of risks, which in turn drives new customers to CargoWise. Continued industry consolidation benefits us where our customers are the acquirers or our platform is already in use in the acquired business and adopted by the acquirer. These industry drivers are also providing a strong tailwind for our business. This is clearly demonstrated by the continued growth in our customer base and wider adoption of CargoWise across the industry as we move closer to our vision to be the operating system for global logistics. It is worth noting that market growth has only accounted for three percentage points of the 31% CAGR in recurring revenue growth since FY 2016 when we IPO'd. Factors largely within our control have delivered the vast majority of our growth, driven by consistent execution of our 3P strategy. The structural drivers referred to will support sustained growth for many years to come. We are focused on our six key development priorities to further build out the CargoWise ecosystem. These are landside logistics, warehouse, Neo, digital documents, customs and compliance, and international e-commerce. I will talk to these in more detail later. With our relentless focus on delivering the best solutions to our customers, we increased investment in CargoWise R&D by 28% in FY 2022, with 1,199 new product enhancements that further strengthen the CargoWise value proposition. The current environment has also presented an opportunity to accelerate our investment in R&D to drive further revenue growth. As a management team, we have decades of experience in navigating business cycles and have used the challenges created by COVID and resultant international supply chain problems effectively. We have exceptional people across the business, supported by a strong culture of innovation, and continue to strongly attract amazing and talented people despite the competitive market. Along with the two tuck-in acquisitions we included in our FY 2022 results, since the year-end, we also acquired Bolero, a leading provider of electronic bills of lading and digital documentation capabilities. The addition of Bolero enhances our offering in digital documents and drives and expands our market opportunity. It's also a great example of where it makes sense for us to acquire rather than to build these complex capabilities internally. CargoWise added 10 new global customers in FY 2022, signing five new global rollouts with UPS, FedEx, and Kraft Multimodal in the second half and Brink's and Access World in the first half. A further five customers grew into the large global category in FY 2022 from smaller initial CargoWise deals. There are substantial growth opportunities available to us by increasing penetration across our existing customer base, not only through greater adoption of our existing core and adjacent capabilities, but also through new global rollouts. We have 43 CargoWise global rollouts with 10 of the top 25 global freight forwarders, including three of the most recognized logistics brands in the world, being DHL, FedEx, and UPS. That is very significant in terms of our market presence and product recognition. Our ability to secure new and retain existing global customers is driven by the power of CargoWise and the continued stream of product enhancements, meaning we are well-placed to convert the strong pipeline of sales opportunities. This will all underpin further revenue growth, operating leverage, and margin expansion. We made excellent progress in our organization-wide efficiency and acquisition synergy program referred to earlier, which on a run rate basis is ahead of our prior target. Along with price increases implemented in the second half to help offset the impact of inflation and generate returns from our product investments, we are exceptionally well-placed to deliver ongoing attractive shareholder returns in the years ahead. I will now hand over to Andrew to take you through our financial performance before talking again in greater detail about our strategic progress and outlook. Thank you, Richard, and good morning, everyone. Starting with an overview of our FY 2022 financial performance. As Richard noted, the business delivered strong revenue growth during the year, with total revenue of AUD 632.2 million, representing year-on-year growth of 25%, which was at the top end of our guidance range. Excluding a 9.4 million dollar foreign exchange headwind, FY 2022 total revenue grew by 26%. Revenue growth from our core CargoWise platform was even stronger, up 35% to AUD 447.9 million or 37% excluding FX, which was again at the top end of the 30%-40% range included in our guidance. Non-CargoWise revenue was up 5% to AUD 184.3 million. Gross profit for the year was up 28%, reflecting a 2 percentage point increase in our gross profit margin on the prior year to 87%. Having already upgraded our FY 2022 EBITDA guidance at our first half results in February, in July, we again upgraded our EBITDA guidance following a strong second half performance. FY 2022 EBITDA of AUD 319 million was up 54% on FY 2021, reflecting an EBITDA margin of 50%, which was up 9 percentage points on FY 2021, driven by a strong top line growth as well as cost reductions from our organization-wide efficiency program of AUD 32.6 million for the year, which was ahead of our expectations. Projected cost investments were partially delayed due to the impact of lockdowns and tight labor markets. However, hiring increased in second half 2022 versus first half 2022, with total global headcount ending the year at 1,979, and net additions increasing 20% in H2 2022 versus H1 2022. Further down the table, you see that EBIT was up 70% on FY 2021, reflecting leverage from our operating performance. Depreciation and amortization increased by 13% as we continued to increase our investment in R&D to expand the capabilities of the CargoWise ecosystem, partially offset by reductions in acquired amortization from acquisitions completed over the past few years. Statutory net profit after tax for the year was up 80% on FY 2021, at AUD 194.6 million, demonstrating the ability of our business model to deliver revenue growth while expanding margins. Excluding non-recurring tax on acquisition, continuing consideration, and minor fair value adjustments, our FY 2022 underlying NPAT increased by 72% to AUD 181.8 million, and underlying earnings per share increased by 71% to AUD 0.558 per share. Moving to slide 10, you can see that excluding a AUD 9.4 million FX headwind, we delivered total revenue growth of AUD 134.2 million, up 26% on FY 2021. One way to look at our total revenue growth is by recurring and non-recurring revenue. As you know, recurring revenue is the backbone of SaaS and subscription-based companies like WiseTech. Recurring revenue represents revenues from customers who are using our product consistently and gives us good visibility over future revenues. For WiseTech, our non-recurring revenue includes things like customer paid product enhancements and one-off license revenue that accelerate future recurring revenue growth. On the left side of this slide, you can see our recurring and non-recurring revenue growth. In FY 2022, recurring revenue grew by 25% or AUD 116.5 million, excluding the impact of FX. Driven by increased usage by existing large global freight forwarder customers, new customer wins and two tuck-in acquisitions we made during the year. We also increased prices early in the second half as we started to see signs of inflation, to ensure we continue to generate appropriate returns on our investment as we deliver value for our customers by enhancing product capability. Non-recurring revenue increased by 36% or AUD 17.7 million excluding FX, benefiting from customer paid product enhancements, which stepped up in the second half as expected, and also includes the benefit of a third-party product license agreement that enables WiseTech to accelerate commercialization and future growth of CargoWise landside logistics component, which we've invested in and developed over recent years. You can see another way to look at our total revenue growth on the right-hand side of the slide, where you can see the contribution to growth of CargoWise and non-CargoWise revenues. CargoWise revenues grew by 37% or AUD 122.3 million excluding FX. Existing CargoWise customers contributed AUD 82.7 million to the growth, reflecting increased CargoWise usage, new products and features, large global freight forwarder rollouts, and the previously mentioned price increases. As noted by Richard earlier, CargoWise customer attrition remains at an extremely low rate of less than 1%, demonstrating the stickiness of our CargoWise platform for our customers and emphasizing the significant long-term value generated from each CargoWise customer under our SaaS model. New customers contributed AUD 39.6 million, approximately 1/3 of CargoWise revenue growth in FY 2022, and includes the previously mentioned product license for a CargoWise landside logistics component. Non-CargoWise revenue was up AUD 10.1 million this year from acquisitions completed in FY 2021 and prior years. We expect a reduction in non-CargoWise revenue over time as customers transition to the WiseTech commercial model and we exit some lower margin non-recurring products. Turning to our revenue growth drivers on slide 11. As you can see on the chart on the left-hand side, on a constant currency basis over the last six years, our CargoWise recurring revenue has grown by almost five times from AUD 85.2 million in FY 2016 to AUD 422.3 million in FY 2022, an increase of AUD 337.1 million, which equates to a 31% compound annual growth rate over the period. On the right, you can see the relative contribution of each of our revenue drivers to our CargoWise recurring revenue growth over the same period, which shows the biggest driver of CargoWise recurring revenue growth has been large global freight forwarder rollouts, which have contributed over a third of our revenue growth or 12 percentage points of the 31% CAGR. The next biggest contributor has been new customer wins, which contributed 6 percentage points of growth. This is followed by thousands of new product enhancements reflected in our pricing, which contributed 4 percentage points. Major new product launches and increased usage by existing customers contributed 3 percentage points each to growth. Lastly, and importantly, underlying supply chain market growth contributes just 3 percentage points or just under 10% of our growth. This means the overwhelming majority of our growth is driven by factors we influence, like winning new customers and investing in new products and features. We're therefore not reliant on the market to deliver the majority of our organic growth. As I mentioned earlier, our CargoWise non-recurring revenue growth has been driven by customer paid product enhancements and in FY 22, the license of a CargoWise landside logistics component to accelerate product commercialization, both of which are important future growth enablers. Looking ahead, we expect future CargoWise recurring revenue growth to be consistent with our historical experience, driven primarily by the acceleration of large global freight forwarder rollouts and further contract wins, as well as the launch and expansion of new products from our long-term R&D investment, including growth from our six key development priorities, which Richard will talk about in a few moments. Pursuing inorganic growth opportunities is another important growth lever, including smaller tuck-in, as well as potentially larger strategically significant acquisitions where we can deploy our sizable balance sheet supported by strong operational cash generation, our undrawn $225 million debt facility and our proven M&A capability to accelerate our development opportunities and build out the CargoWise ecosystem. Turning to slide 12, I'd like to talk about the revenue growth trajectory from each of these large global freight forwarder rollouts. As you know, our large global customers can take a number of years to roll out the CargoWise platform across all their global operations. As the rollout progresses, customers add new countries, adopt new modules, and implement our productivity tools. Of the 43 global rollouts in place at the end of FY 2022, 32 are in production, meaning they're operationally live on CargoWise and have rolled out to 10 or more countries and 400 or more registered users. The remaining 11 are contracted and in progress, meaning they are at an earlier stage of their global rollout. From a revenue-generating perspective, you can see that these 32 global rollouts in production have delivered a compounded annual growth rate of 36% since FY 2016, driven by the growth of global rollouts by customers such as DSV, DHL, Toll, Yusen and Geodis. The adoption of additional CargoWise modules, products, and features, and customer expansion through their own M&A activity. Importantly, six of these 32 customers in production are top 25 global freight forwarders, which have generated a significantly higher compounded annual growth rate of 46% over the same six-year period, which shows the attractiveness and importance of these large global rollouts. Looking ahead, it's critical to understand the scale of the opportunity for growth within our large global freight forwarder customer base. Of the 11 global rollouts that were contracted and in progress in FY 2022, collectively, they have approximately only 25% of their expected users currently live on CargoWise. That they have grown at a compounded 114% since FY 2019 even with such a limited user base adopting CargoWise, shows the significant revenue growth potential. To illustrate this point, in the last 12 months, the universe of expected users not currently live on CargoWise has grown by 30%, driven by five new contract wins, including UPS and FedEx. There are four top 25 customers in the cohort of 11 contracted and in-progress customers, just over 1/3 compared to around 1/5 of the 32 large global freight forwarders in production. All these factors contribute to the significant future growth potential this cohort of customers has and the value of new wins like UPS and FedEx in FY 2022. Also noting initial customer rollouts have significant scope for wider adoption of CargoWise capabilities over time. Our existing 32 customers with global rollouts in production will continue to drive revenue growth as they add new products, features, and geographies, in particular as we increase our customs penetration from approximately 45% of global manufactured trade flows to our target of 90%. We also anticipate continued logistics industry consolidation will support our future revenue growth with our large global freight forwarder customers well-positioned to leverage future consolidation to grow. Finally, given the significant runway of customers available to us in both the top 25 global freight forwarders and the top 200 logistics providers, we expect to see future revenue growth driven by additional large global freight forwarder customer wins. On slide 13, you can see our operating expenses from FY 18 across three areas, product design and development, sales and marketing, and general and administrative. Overall operating expenses were down 8 points as a percentage of revenue in FY 2021, reflecting margin expansion driven by increased operating leverage and the benefits of cost reductions from our efficiency program, which were ahead of expectations. Product design and development expenses increased by AUD 8.1 million to AUD 96.9 million in FY 2022, driven by an acceleration in CargoWise innovation and development and a decrease in non-CargoWise platforms. While products and development expenses increased in absolute terms, the benefit of cost reductions drove a 2 percentage point reduction to 15% of revenue. Approximately 43% of AUD 96.9 million of products and development expenses were related to supporting the maintenance of non-CargoWise products in FY 2022. Expenditures which continue to decrease in line with expectations as new development and therefore maintenance of non-CargoWise products reduces. This is expected to drive further cost reductions as we transition these legacy products and customers onto our efficient CargoWise platform over time. Our sales and marketing expenses were down two points as a percentage of revenue to 7% or AUD 44.9 million in FY 2022, broadly flat on the prior year. This reflects ongoing cost reduction benefits from our efficiency and acquisition synergy program, as well as our targeted sales and marketing approach on the top 25 global freight forwarders and the top 200 global logistics providers. The effectiveness of our sales and marketing program is reflected in the number of new large global rollouts and expanding new customer revenues over the year. General and administration costs decreased 4 points as a percentage of revenue from FY 2021 to 14%, primarily driven by the ongoing cost reduction benefits from our efficiency program, including the non-repeat of the majority of restructuring costs incurred in FY 2021. Turning now to R&D investment on slide 14. Investment in innovation and product development is a strategic priority for WiseTech, and we remain focused on building integrated software that enables our logistics customers to improve planning, productivity, and control of their global operations and to become the operating system for global logistics. Since FY 2018, we've invested over AUD 695 million in developing technology solutions that solve important pain points for our logistics customers and build out our competitive position. In FY22, a 28% increase in CargoWise investment was partially offset by a 21% reduction across non-CargoWise platforms, reflecting our strategy to align non-CargoWise product development teams to support the CargoWise product development pipeline. As a result, investment in innovation and product development increased by 8% net versus FY21 to AUD 180.8 million. Overall, this represents a reinvestment of 29% of our revenue in R&D, which is higher than most SaaS peers and further emphasizes our product-led focus. Capitalized development increased to AUD 83.9 million in FY22 versus FY21, reflecting increased investment focused on our six key development priorities. 46% of R&D investment was capitalized in FY 2022. One percentage point lower than FY 2021 and consistent with our expectation of capitalizing between 40% and 50% of our total R&D investment each year, with the remainder being expensed, which is related to bug fixes, maintenance and research. During the year, 1,199 new CargoWise products announcements were delivered versus 1,096 in FY 2021. Taking the number added in the last five years to over 4,900. This outcome was driven by a 31% increase in CargoWise product development resources over the last 12 months and an 86% increase over the last three years, with effective external recruitment and transfers from non-CargoWise teams. Despite a competitive market for technology talent, we're taking advantage of the current environment and have accelerated our hiring globally to increase the pace of R&D investment to drive future revenue growth. We continue to attract high quality talent across our global operations. Moving on to our balance sheet on slide 15. You can see on this slide how our balance sheet strength and liquidity provide a solid platform to fund future growth. At 30 June 2022, we had AUD 483.4 million in cash, which, in addition to our undrawn $225 million debt facility, provides significant financial flexibility and headroom to fund strategic growth opportunities. To that end, since the balance sheet date, we've deployed cash of AUD 66.2 million net of cash acquired to fund our acquisition of Bolero, a leading provider of electronic bills of lading and digital documentation capabilities to facilitate global trade. The 19% increase in receivables can be explained by our increased revenue growth, partially offset by improved collections performance. The AUD 56.7 million increase in our intangible assets to AUD 961.2 million relates primarily to investment in new capitalized product development, partially offset by amortization. Turning to our liabilities. The AUD 19.4 million increase in current liabilities reflects an increase in trade and other payables. In share capital, you can see a AUD 78.5 million increase in share capital, reflecting new shares issued to fund our employee equity program for future vesting and for acquisitions and earn out considerations. Our employee equity program is a key component of our policy to support staff retention and encourage long term value creation across our workforce, which is reflected in the high proportion of our people that own WiseTech shares and share rights, increasing to 77% at the end of FY 2022. Before I hand back to Richard, I'll quickly refer to our strong continued cash flow performance on slide 16. In FY 2022, our operating cash flows were AUD 339.6 million, up 48% on FY 2021, demonstrating the strength of our highly cash generative operating model. A portion of our operating cash flows were reinvested to support long term growth initiatives, including enhancing the scalability and reliability of the CargoWise platform, as well as new product enhancements. Our operating cash flow conversion rate of 106% was down 5 percentage points on FY 2021, reflecting approximately a AUD 15 million reduction in deferred revenue from the alignment of non-CargoWise commercial models to shorter billing cycles, partially offset by a reduction in past due receivables. I also note that non-cash items in EBITDA increased 49%, which includes an increase in headcount and salary increments as we use equity-based compensation to support employee retention. Our FY 2022 free cash flow performance was strong at AUD 237.3 million, up 71% on FY 2021, driven primarily by higher revenue and EBITDA. Our free cash flow conversion rate of 74% was up 7 percentage points on FY 2021, and our free cash flow margin of 38% was up 10 percentage points, reflecting improved operating cash flow. Taking the sum of our total revenue growth and free cash flow margins, our Rule of 40 increased to 63% in FY 2022 from 45% in FY 2021, which is very significant in comparison to SaaS businesses globally. In conclusion, this emphasizes our ability to deliver strong top line revenue growth while driving enhanced operating leverage and generating significant free cash flow to fund investments for continued future organic and inorganic growth. I'll now hand back to Richard, who'll provide an update on our strategic progress and the outlook for FY 2023. Thank you, Andrew. WiseTech's strategic vision is to be the operating system for global logistics. To achieve this, our strategy has been focused on the three Ps, product, penetration and profitability. Not only has this resulted in our strong FY 2022 performance, but it also sets us up for long term sustainable growth. Our customers operate in an increasingly complex, dynamic and competitive environment. As mentioned earlier, CargoWise's competitive advantage is that it is an integrated global software solution that enhances visibility, productivity and capability, delivering advantages to customers and potential customers still on aging legacy systems. This is what enables us to attract new customers and retain existing customers and increase their CargoWise usage. 24 of the top 25 global freight forwarders and 41 of the top 50 third-party logistics providers are already WiseTech customers in at least one area of their business. The many lightly penetrated customers provide plenty of opportunity for further CargoWise growth. Overlaying our focus on these three areas is the growing talent we have across our business and the strong culture of innovation complemented by targeted acquisitions. Let's now take a look at our strategic 3 Ps in more detail. The first P in our 3P strategy is product. The continued enhancement of CargoWise is critical to achieving our strategic vision. On this slide, you can see that our approach to product development is two-fold. First and foremost, we invest in new CargoWise product innovations driven by our own product and development teams. In FY 2022, we invested AUD 180.8 million in R&D, delivered an additional 1,199 new product enhancements with 54% of our people focused on product development. Over the past five years, we have invested over AUD 695 million in R&D and delivered more than 4,900 product enhancements. As part of this substantial product investment, we have increased our focus on six CargoWise development priorities. Focusing substantial investment in these development priorities will expand our penetration of these adjacent areas. In many ways, we are creating entirely new addressable markets by solving complex supply chain problems, building new areas of capability, replacing very manual or missing processes, as well as replacing old technologies with cloud-first global digital capabilities. All of these R&D investments are enhancing the value of CargoWise. The second component of our product strategy is to accelerate our product development with targeted tuck-in and strategic acquisitions, which enable us to fast-track the extension of CargoWise with new functionalities and adjacent market capabilities in the six development priorities and in our existing CargoWise ecosystem. Bolero, which we acquired in early FY 2023, is a good example of how we have accelerated our capability in digital documentation by adding electronic bills of lading. Since IPO on the 11th of April 2016 to the end of FY 2022, we completed 41 acquisitions, including two tuck-in acquisitions announced at the half year, Inabiz, which provides tools for designing and managing CargoWise connections to industry and between customers, and Hazmatica, which provides hazardous goods compliance and management capabilities. The Bolero acquisition makes it 42. These tuck-ins are typically smaller in size with their staff and capabilities integrated directly into the CargoWise ecosystem to provide benefits to existing customers and increased attraction for potential customers. Leveraging the intellectual property from Inabiz and Hazmatica is progressing well, and their revenue has been included in CargoWise in FY 22. It is important to note that all of the acquisitions since our listing have been successful. These acquisitions have improved market reach, product capability and processing efficiency of our product offering and driven better returns while giving us access to amazing talent and creating stronger brand recognition. Collectively, they have accelerated the delivery of our vision and made a significant contribution to these strong results by growing our CargoWise capability and contributing directly to our recurring revenue base profitability and driving greater value for our customers. We intend to use our well-established M&A capabilities and the experience from our prior acquisitions in a considered and deliberate way to further enhance our product capabilities, market penetration and long-term profitability. That brings us to our next P in our 3 P strategy, penetration. We target global rollouts by the top 25 global freight forwarders and the top 200 global logistics providers. Because of CargoWise's global capabilities and operational efficiency, it is most attractive to global businesses of this scale and for WiseTech, businesses of this scale provide the greatest revenue and growth potential. On this slide, you can see the progress we have made in securing global rollouts. On the right-hand side of the chart, you can see new global contract wins from UPS, FedEx, Kraft Multimodal, Brink's and Access World. Customers of this scale will generate considerable additional business momentum. Just as importantly, as I mentioned earlier, five existing customers grew organically, adding new geographies and users, and are now classified as large global freight forwarder customers as indicated by the red borders. The earliest of these customers, Omni Logistics, has been with us for 15 years, demonstrating how our customers grow with us and how our software becomes increasingly integral to their operations. We now have a total of 43 global rollouts, including 10 of the top 25 global freight forwarders with a strong pipeline of future opportunities. These global rollouts provide us with significant revenue growth runway. As Andrew pointed out earlier, over a third of the 31% CAGR for CargoWise revenue since FY 2016 has been driven by large freight forwarder global rollouts. Among the top 25 global freight forwarders, the CAGR was 46%. We also expect significant growth in the 11 large global freight forwarders that are in the early stages of their rollout, which we categorize as contracted and in progress. Approximately 25% of their expected users are currently live on CargoWise. In the last 12 months, the number of expected users not currently live on CargoWise has grown by 30%, driven by five new contract wins, including UPS and FedEx. You can understand why our focus is on these big global players. This brings us to our third P, profitability. During FY 2022, we continued to progress our organization-wide efficiency program to ensure appropriate allocation of resources to support scalability and to enhance our operating leverage. This involved integrating, optimizing, automating, extracting synergies and streamlining our management processes and teams. This program is essentially complete and as I noted at the start of the presentation, delivered a AUD 32.6 million net benefit in FY 2022. This was against a net benefit of AUD 13.8 million in FY 2021, and the run rate is ahead of our previously announced target, delivering an annualized cost reduction of approximately AUD 50 million. This focus on efficiency is part of our ongoing financial discipline supported by a continued reduction in non-CargoWise product maintenance costs and price increases to further offset inflationary impacts and generate returns from our substantial investments. Focus on efficiency will continue to enhance our operating leverage as we scale. Now on to our guidance for FY 2023 and our continued strong growth outlook. Our guidance is based on market conditions not changing materially. Noting in particular, prevailing uncertainties relating to industrial production and international goods flow and sovereign and geopolitical risk. Assuming there are no material changes to these assumptions and no unforeseen events that arise prior to the thirtieth of June 2023, we expect to deliver 20%-23% FY23 total revenue growth, representing AUD 755 million-AUD 780 million. With CargoWise revenue expected to grow by approximately 30%-35% excluding FX. In terms of FY23 EBITDA, we expect to deliver 21%-30% growth equating to AUD 385 million-AUD 415 million. This represents a further increase in our EBITDA margin of between 1 and 3 percentage points, demonstrating the continued operating leverage that we are able to generate as we scale. We are delighted with the continued momentum we are seeing across the business and confident in our longer-term outlook. In wrapping up today, I would like to reiterate some of my earlier comments. Our unique CargoWise offering, which we continue to expand and enhance through our own product development and our strategic acquisition program, is enabling us to drive momentum in our market penetration with both new global rollout signings and ongoing revenue growth from existing customers adding to that momentum. On this slide, you can see our strong track record of revenue, EBITDA, and EBITDA margin growth over the past six years. Delivering 35% revenue CAGR, 47% EBITDA CAGR, and 60% free cash flow CAGR really demonstrates the strength and resilience of our business model. This strong momentum has been underpinned by securing 43 global rollouts, including 10 of the top 25, stemming from an investment of over AUD 695 million in CargoWise product enhancements over the last five years. We are well-placed to benefit from the continuing M&A consolidation activity among global logistics operators and their increasing investment in replacing legacy systems with digital solutions, as well as pursuing our own M&A opportunities. Our strong balance sheet and cash generation provides us with significant financial firepower to fund our future growth. Meanwhile, the structural industry drivers I referred to earlier should continue to be a tailwind for our business over the medium to long term. We have a vision and mission that is making an incredible difference to the world around us. We remain firmly on track to achieve this vision by building a system that our customers love and can't do without. I'm proud of what our dedicated and talented teams have achieved, and I look forward to reporting on our progress in the months and years ahead. Let's now open for questions. Thank you. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star two. If you're on a speakerphone, please pick up the handset to ask your question. Please limit your questions to one per person. Your first question comes from Bob Chen with J.P. Morgan. Please go ahead. Morning, guys. Just a question around the new logos won over the second half. Can you talk a little bit about the materiality of some of these recent wins versus your existing clients, and how that sort of impacts the pipeline into FY 2023? I mean, is there usually a bit of a digestion period after you win some new clients? Yes, that's a great question. Thanks for that. The way to look at all of these rollouts is that, they take time to start, and they take time to run and to complete. You can see that with almost every one of these major businesses, they take a considered view of pilots. They consider the way that they roll out. They take certain key countries first. They get certainty. Internally, it builds knowledge and capability. Then over the period, most of these start to accelerate. In planning this, we actually give people a kind of a standard template which we tune to their particular business dynamics. It's typically taking countries where the most opportunity presents and the most benefit accrues as early as possible. It's always a plan that steps out over a period of years. This doesn't make a, you know, huge difference to the first year you sign them in, but that difference improves over time. You can see that with almost all of the customers that we've already rolled out and are complete. DHL and DSV are good examples of those. They're very solid. They continue to grow their businesses, and we're obviously a part of that growth as well. This, as Andrew said in deck, there's considerable upside of CargoWise users that are planned but not yet live. There's quite a lot of long-term tailwinds. Thanks, guys. I'll jump back in the queue. Thank you. Your next question comes from Kane Hannan with Goldman Sachs. Please go ahead. Hey, guys. Just a comment in the background price rises offsetting inflation. Is that relative to the 8%-10% inflation impact you've called out, and so we're thinking about double-digit pricing? Yeah, Kane, it's a good question. We've got 8%-10% on the cost base in the guidance. Of course, that wouldn't fall through to revenue given sort of, you know, revenue is higher than cost base. We have built price increases in to offset the cost inflation, and that is included in the revenue guidance and the CargoWise revenue growth of 30%-35%. Okay. Sorry, maybe just a quick follow to that. So if I hear about the AUD 10 million Bolero revenue and your CargoWise growth is basically the same as that historical CAGR, it sounds like pricing is gonna be a little bit stronger in 2023. I mean, which of the buckets are a little bit weaker than, I suppose, into 2023? Well, as you know, the 31% CAGR that we've delivered over the last six years in terms of CargoWise recurring revenue growth comes from a number of buckets. We've been through that in the presentation today. The biggest one of those is obviously large global freight forwarders. In any particular year, you know, we see acceleration on you know, some of them that could be product driven in a particular period of time. It could be new customer wins that drive the growth in a particular year. But I think, you know, we're quite pleased with the 30%-35% that we've built into the growth forecast for FY 2023, which is obviously, you know, around or ahead of the average that we've delivered over the last six years. Perfect. Thanks, guys. Thank you. Your next question comes from Nick Basile with CLSA. Please go ahead. Good morning, Richard, Andrew. Just one question from me then. On the penetration of the CargoWise product, I think you called out the stronger growth from the top global freight forwarders. The top ten were delivering you sort of 46% growth. Just interested to sort of know what the feedback's been from those customers around the usage of the product and the level of penetration. How are you sort of thinking about growth into 2023 from increased transaction volumes versus balancing that with your own price increases? Great question, thanks. The way to look at this is the best indication of customer satisfaction is increased usage and increased sales. I think that's how we really try to track on this. Equally, now we've got, you know, a very strong product that is gaining momentum in practically every sector. If you look on the slide that deals with the focus areas, which is slide 19, you'll see that we're calling out additional adjacent areas. Many of these areas were additional share of wallet, increased share of wallet. Also moving into other markets which are adjacent to our core market that we have significant influence in driving into. Obviously, we're getting good take-up in our core product, but we're equally getting quite good take-up on the adjacent parts of our product. We're signaling here in my script and on slide 19, that we're really focused on growing that addressable marketplace and actually creating new addressable capabilities that nobody's really counting yet. Because the move to digital documentation and straight-through digital processing and integrating all the pieces together, that's actually the really big value proposition here. What we do in forwarding has benefited from that same focus across the forwarding landscape. We're now taking it from the forwarding landscape and pushing it out from landside logistics to warehousing, into BCOs, through digital documentation and straight-through processing, customs compliance, which you've known about for some time, and also international commerce. These things are all additive to our core product, but also additive to our addressable market, and some of those create entirely new marketplaces that nobody's even considered yet. Yeah. Great. Could I just ask one follow-up? In terms of when you talk about straight-through digital processing, what do you think or see as the current penetration level and how high can that get to over the next couple of years? One of the features of CargoWise is the fact that once data is in the system, it transits the system completely without being rekeyed or retyped or restated in any way. You do have additive things that come into any system such as CargoWise, but typically it's common master data, common structural information, and as you go through various processes, you do add a little bit of information, particularly the tracking and more commercial detail as the information is needed for compliance and government regulatory arrangements. CargoWise is internally really a straight-through processor. What we're talking about now is taking that straight-through process, making the documents on either side of it completely digital as well, so that you're not rekeying documents. The documents are being consumed by the system as digital entities, so the structure of the data is in the document. We're also talking about moving into the adjacent areas. We're going to landside logistics, into warehousing, into the beneficial cargo owners, into customs and compliance, which we're already really there with customs compliance in terms of digital straight-through processing and international commerce, which we're practically speaking mostly there in that space. The digital documentation part of this is taking all those things and seeing wherever there is a gap or a link needed or some improvement internally, and making that a whole system so that it's just straight through. Also taking the edges of the system and making sure that every document in can be consumed digitally and at a highly automated level. When we publish a document out, it contains the structured data in the document so it can be consumed by CargoWise in another location or another computer system. Okay, thanks. Thank you. Your next question comes from Elise Kennedy with Jarden. Please go ahead. Thank you. My question's around acquisition. You made two small acquisitions and then another post the financial year close. With the combination of a strong cash position, the balance sheet track record you've got in the M&A, an environment where you've got those earlier stage companies being challenged, wouldn't it make sense to do significantly more acquisitions like WiseTech's done historically? Just curious about what's the, if there's any change in tack on that strategy. I think it makes sense to focus on the thing that creates the best value for the company, and keep in mind that we're a strongly organic growth company. We think of acquisitions as tools to accelerate market penetration, to create access to new adjacent markets, to create advantages in our organic strategy, and to make sure that we've got that best product capability and that next we move towards being, you know, that supplier of logistics across the world to all of the key parts. You know, I think you have to see acquisitions as a tool, as one of the tools to get to the bigger, better and higher values for customers and for shareholders. We're very considered and determined with acquisitions. We're obviously doing them again, if that's the point you're making. We're also not rushing to do something quickly. We've really got our early strategy. We got what we needed to do the strategic job that we've done, you know, those acquisitions are, you know, largely integrated into the business and performing well. We've taken a lot of the skills and capabilities and knowledge out of those acquisitions to accelerate the CargoWise development. That's a positive thing. All of those three acquisitions, which includes Bolero, of course, are all designed to push the product further to get us closer to digital documents, for instance, into connecting digitally, in the case of Inobiz. In the case of Hazmatica, to solve a very complex pain point with dangerous goods management. You'll see this more and more, but we're not gonna suddenly go back to doing an acquisition a month. That's not the plan. The plan is to tool to use these in clever ways that drive value for the business. Each of those steps has to be. You always think about buy versus build, and ultimately, you have to make those decisions very cleverly. Ultimately, we're an organic growth software developer that builds a great product for a fantastic industry. Thank you. Thank you. Your next question comes from Roger Samuel with Jefferies. Please go ahead. Hi, Dave. I've got some questions around your non-recurring revenue. Firstly, what's the margin on that? Do you expect much non-recurring revenue to come in FY 2023 in your guidance? Yeah. Thanks for the question, Roger. We just had a little bit of some problem here in the last part of it, but I think you're asking about the margin on the non-recurring revenue, just to confirm. Yeah, the margin and also do you expect much non-recurring revenue to come in FY 2023? I'll answer the piece about the non-recurring margin, revenue margin first. Again, we just had a problem on the last part. Sorry about the technical issue here. So the non-recurring revenue margin varies across the business. Some of it is quite high margin because it's development work that just passes straight through. You know, you'd see margins on that consistent with the overall EBITDA of the business, if not a little bit higher. We do have some non-recurring revenue that sits in the non-CargoWise side of the business, and that is typically a lot lower margin because it requires a lot more cost to actually deliver those non-recurring revenues. I think in the past we've described those as things like implementation work and customization of products and those type of things. It's a bit of a mix, to be honest, Roger. Roger, would you mind just asking the second part of your question again, see if we can get it this time? Yeah, try. Just wondering if you expect much non-recurring revenue to come in FY 2023. A key component of our non-recurring revenue in the CargoWise space is the paid customer enhancements. Those are important future growth enablers for us. It's our customers asking us to accelerate the development of certain things that are in our pipeline and obviously paying to have access to those. Once those become available, we open up those enhancements to all of our customers, and we start to generate, you know, transactional recurring revenue from offering those in the platform. We will continue to do those. We had a healthy pipeline in FY 2022, and we have a pipeline going into FY 2023 as well. Okay. All right. Maybe just to follow up on that, can you talk a bit more about the other license agreement for landside? Is it something that you say sell to a third party rather than directly to your customers? Sure. I might let Richard take that one. Richard. Yeah. You've got to think of the business as relying upon, you know, various capabilities in order for the software to work. We've got to be able to distribute those capabilities globally. We've decided to take an approach where we focus on the software and the licensing for the software and the size of that software, and we use partners to do certain parts of the distribution, maintenance, and other things to the enablers for landside logistics. To do that, the positive for us is that we get to focus on our core capabilities, and we get to give what is a very complicated technical set of capabilities to other partners who can drive that globally and distribute those, maintain those, and manage those components globally and really focus on our core business. Thank you. Thank you. Your next question comes from Siraj Ahmed with Citi. Please go ahead. Hi, Richard. Just in terms of the product focus, and just following up on the landside logistics. Does just in terms of benefit for WiseTech, does that bring forward the capability for you? Because I believe previously it was a FY 2023 or FY 2024 sort of opportunity. Does that bring it forward? And also, I think you've brought warehouse as a focus area. Just need to understand, it seems like the landside is getting a bit more of a focus. If you look at those six focus areas that we talked about, landside logistics and warehouse are the two on the left-hand side. They're very clearly we're identifying that we're gonna put more time and effort into focusing on those. Those are the areas where you have a lot of IoT, handheld devices and, you know, technology pieces that require hardware and then require software. We're really deciding to scale the company out on the software side so that we can use hardware partners. To do that, we needed to actually change the footprint and to really be able to focus on. When you think of all the complexities in subscribing to mobile networks worldwide, you know, having Wi-Fi deployments, having handheld devices distributed, maintained, managed, that's a very big and complex business. If we didn't get it into other people's hands, we'd be having to build an entire business around that globally. This way, we can do the focus on the software, run very fast and allow partners to scale alongside us as we do it. That's the whole intent here. Thank you. Thank you. Once again, if you wish to ask a question, please press star one. Your next question comes from Paul Mason with E&P. Please go ahead. Morning. I just had one on your slide 20 about the large rollouts. We had two that dropped off this year in your notes, XPO and Crowley, and then one that Logistics Plus dropped off last year and has come back. Could you maybe tell us a bit about the dynamics about the drop-offs and particularly with Logistics Plus, how they've like dropped off and come back? Like, what's sort of driving that? Is there any like spend being directed elsewhere and then returning, or is it just because they've sort of fallen behind in market share? Thanks. Okay, thanks for the great question. One of the drivers here is the consolidation activity within the industry and the competitive tension between major players that are all fighting for market share. Certainly some of the departures were related to that. Some of the departures are related to, I think, XPO, if I'm right, actually, divested a business unit, and that's what changed that one. Generally, you know, we're talking about, you know, a very, you know, competitive industry where there's consolidations, there's divestitures, there's changes in competitive nature, there's good and bad fortunes. We can't really control that. All we can really do is give them great software and make them as successful as possible. Do we have time for one more? To what Richard said there, and we provided a reconciliation of the large global freight forwarders in the back of the presentation, which you're probably taking a look at. It calls out Crowley and XPO as no longer large global freight forwarders in the definition that we have. They're still our customers, and they've just not got rollouts in 10 or more countries or to more than 400 users. As Richard explained with XPO, that was them divesting a portion of their business. They are still our customers, and they still use CargoWise. Do we have time for one more? Yeah. All right. Can I maybe ask quickly just on, CargoWise Neo. It looks like it's sort of been de-emphasized a bit in the R&D slide. Maybe could you give us a bit of an update in terms of sort of the current time horizons to deliver that product, whether there's been any change there or, you know, or is the reason for the de-emphasis just because you've got the customer projects in those other categories, warehousing, landside logistics that have sort of taken prominence? Thanks. Neo remains a very important project. It does align to some other things on this, on the slide 19. The point in putting them all together is to show you that this is a comprehensive, across the business, across the world plan, not a single product. I did actually, I think in the last two updates to market that we gave, we did identify that Neo, whilst very important, needs to have a number of other things happening alongside it. The first thing that Neo does is replace our conventional customer components, our customers customers capabilities. That it does very well. But to do that doesn't give us all of the things we need in there. All of the things you see across there and the core system have to be present in Neo, and we have to be able to make Neo a critical capability for our customers to service their customers. There are a number of things to do. I'm certainly not saying that we're de-emphasizing Neo. We're just putting it as, you know, the first among equals in a sense in across the plan here. All of these things, the landside logistics, warehousing, Neo, the digital documents and straight-through processing, customs compliance, international commerce, they all work together in the end because they create that ecosystem that means that all the things operate and all the things work together, and you have this straight-through digital processing, and you have access to these new addressable markets, and you even create new markets because you've got products that do things that nobody ever thought of doing before. Thank you. Yeah. Thank you. Your next question comes from Wei-Weng Sim with Macquarie. Please go ahead. Hi, Richard and Andrew. First question for me is just in regards to our addressable market, and maybe the comment that we made on last year that the CargoWise universe growing 30% by five new contract wins, including UPS. Are you able to kind of flesh out what you mean by that? I don't quite know what you mean by that question. Can you just give me a bit more context? Just as in what do you mean that the universe has grown by 30%? Just so that's maybe the first question. The other one is just in terms of how we should think about the addressable market. I think, you know, we've talked about the supply chain execution being around AUD 4 billion previously or thereabout. You know, with, I guess, slide 19 and how do we think about or how should we think about the addressable market going forward? Yeah. Wei, thanks for clarifying the first part of that question. The 30% increase is related to the expected number of users that are contracted large global freight forwarder customers you know expect to have on the system. You know, we obviously, with the wins that we've had in the five new large global freight forwarders this year, that's increased the size of that base by 30%. You know, we've added 30% more users to that population. Oh, okay. from those five customers. That's a pretty significant increase, this year. Answer your question? Yeah. Can I just think about it that your potential wallet size has increased by 30%? Is that... Well, those are customers that were in the, you know, large sort of freight forwarder population. Some of them are top 25, some of them are top 200. They were part of the addressable market previously. Yeah. Richard, I don't know you wanna add anything to that. You have to think addressable markets, the way people talk about them is a rearview look at what software has been sold in the past and some estimate of what that value is. We don't actually see it this way. We find the idea of addressable market somewhat of an odd fitting thing for us. A lot of the time, we're creating an entirely new piece that solves a problem that has been entirely manual in the past or has had no functional strategic support from a software point of view. We're also connecting those. Those are new addressable markets, if you will. Equally, we're also connecting things together, so that connection has enormous value. The connection, the straight-through processing, lowers labor costs, increases accuracy, increases speed, and therefore there's a value in that. We're also moving people from in-house, you know, systems that are owned by themselves and are on-prem, by moving those people into the cloud. The cloud means you get a much bigger effect in terms of revenue and cost reduction for the customer. We're also talking about the total effect of being able to offer all of those things across the platform, and so your platform is itself much more valuable. They're not the traditional understanding of addressable market, but they are a capability. It's hard to assess what that means, but it's very obvious that we've been growing into that. It's not just share of existing wallet, it's creating new requirements to do better things. You're taking away labor, you're removing risk, you're creating, you know, cost reductions in their IT costs, and all of those things equate to more revenue for WiseTech. Okay. Understood. Maybe just one more if I can. Just in regards to slide 19 again on landside logistics and warehouse. Are these? I mean, when I think about landside logistics, maybe my understanding of, you know, supply chain management is not that great, but I think of more so on the procurement side rather than on the execution side. I mean, would these be kind of like considered precursors toward Neo? We say landside logistics, we mean port to door or port to warehouse. We don't mean going further than that. We're talking about at the export end and at the import end, it's really the containerized movements that occur from the airports or seaports to the endpoint for that container or a unit load device or whatever it is. There's a piece of that at the import side, there's a piece of that at the export side. We're very tightly defining that because it's a very near step to our core capability, and so we have the ability to connect that very effectively. We're not trying to solve the world's of every supply chain problem in every place. We're being very considered about what moves we make and how we can push into those moves and gain competitive traction in those moves. We're not trying to do everything for everybody. Okay. Understood. Thank you. Thank you. Your next question comes from Siraj Ahmed with Citi. Please go ahead. Richard, just a follow-up, again, on the product pipeline, development pipeline. A bit surprised that customs is a bit further out. Maybe if you could just give us an update on where customs is at, in terms of take-up by existing customers as well. Sure. Customs, we've got probably our largest team in the company is across customs and compliance. It's really two things. It's important to understand how complex this environment is and how much time it takes to build out a customs compliance capability. Keep in mind we've got it in all English-speaking countries with the exception of Ireland, and we're working in Ireland right now. That's a current project with a short timeline. The E.U made some changes to their customs design and regulations in the last sort of 18 months, and that's moved some of the projects to sit over the top of those regulations so that we actually deliver the new regulatory regime rather than the old one and then have to rebuild it. Some of those projects slowed down based on that regulatory change. We've also spent a lot of time improving the capability to develop customs capabilities quickly, and that includes, you know, better work processes, more technology support for universalizing what we do, better training of the teams, larger teams. Obviously, we're talking about continuing to do what we've set out to do. You know, these things are just one of the many things that we're doing at the same time. I don't think, you know, rushing to try to get a single customs system out is the right thing to do here. In fact, because Europe changed its platform, we can spend more time getting a lot more of the European systems ready to go and then live with customers. You can see that we're making positive progress. There's a great video from Clasquin, who's a medium to large size French forwarder that's been with us for some time now, and they're now using some of the European customs systems we've released in recent years, last year, I think, very effectively. We're moving. It's getting traction and progress, but we're capable of walking and chewing gum, so we're doing multiple things here, not just focusing on customs. Can I make this the last question? That's helpful. Thanks, Richard. Thank you. That's all the time we have for our question and answer session today. I'll now hand back to Mr. White for closing remarks. Well, I'd like to thank everybody for listening. It's been a pleasure talking to you all and some great questions. We're very happy to, hopefully, we've been meeting a lot of you on the rounds, and Andrew and I will be seeing you there. Thank you, everybody. That does conclude our conference for today. Thank you for participating. You may now disconnect.