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Slovar Limited AGM Information 2014
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AGM Information
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good for me™
We will lead the
transformation of the
consumer lending industry
in Australia
AGM PRESENTATION
26 November 2014
Presented by
Robert Bryant, MD
money3
Why Do We Exist?
- 4 to 5 million Australians have a default on credit history;
- 3.9 million Australians have less than 1 weeks salary in savings
- 2.65 million Australians are financially excluded;
- 1.6 million Australians cannot access $3,000 for an emergency.
Sources: VEDA, NAB report, Core Data
www.good4me.com.au
understanding
customers
that traditional credit
providers ignore
AGM 26 November 2014
money3
Financial Review – FY14
| FY14 | FY13 | % increase | |
|---|---|---|---|
| Written Income | $63.6M | $34.1M | 86.6% |
| Earned Income | $43.5M | $22.8M | 90.9% |
| Profit Before Tax | $11.0M | $5.2M | 110.0% |
| Gross Margin | 25.3% | 22.8% | 11.0% |
| Bad debts as % of revenue | 14.1% | 10.7% | |
| Trade receivables | $72.7M | $32.1M | 126.5% |
| Basic EPS | 8.13 cents | 6.16 cents | 32.0% |
| DPS | 4.5 cents | 4.0 cents | 12.5% |
| NTA | 61.3 cents | 45.8 cents | 33.8% |
AGM 26 November 2014
money3
The Value of "Clicks and Mortar"
INTERNAL
EXTERNAL
Branches
Phone
Internet
Online Brokers
Car Yard Brokers
AGM 26 November 2014
money3
Two Parts of Money3
Need Cash?
Hassle Free is Good For Me!
SHORT TERM LOANS
FROM $50 - TO $5,000
*Terno and Conditions Apply
See www.money3.com.au/terms-and-conditions.html
All Loans are subject to our lending criteria.
ABN 63 117 296 143 Australian Credit Loans 389 782 © Money3 Corporation Limited
money3
Get on the Road
Affordable Repayments*
☑ Get the Right Loan*
☑ Find Your Dream Vehicle
☑ Hassle Free!
good for me
*Terno and Conditions Apply
See www.money3.com.au/terms-and-conditions.html
All Loans are subject to our lending criteria.
ABN 63 117 296 143 Australian Credit Loans 389 782 © Money3 Corporation Limited
money3
AGM 26 November 2014
money3
Financial Review – Secured FY14
| FY14 | FY13 | % increase | |
|---|---|---|---|
| Written Income | $30.8M | $16.5M | 86.7% |
| Earned Income | $14.5M | $6.2M | 133.9% |
| Profit Before Tax | $8.1M | $4.8M | 68.8% |
| Bad debts as % of revenue | 7.18% | 9.8% | |
| Trade receivables | $50.2M | $21.5M | 133.5% |
| No of Loans | 4,782 | 1,696 |
AGM 26 November 2014
money3
Broker Locations
AGM 26 November 2014
money3
Financial Review – Unsecured FY14
| FY14 | FY13 | % increase | |
|---|---|---|---|
| Written Income | $32.6M | $17.5M | 86.3% |
| Earned Income | $28.8M | $16.5M | 74.5% |
| Profit Before Tax | $9.1M | $5.1M | 78.4% |
| Bad debts as % of revenue | 17.6% | 13.5% | |
| Trade receivables | $22.4M | $10.6M | 111.3% |
| No of loans | 114,566 | 99,827 |
AGM 26 November 2014
money3
Branch Locations
AGM 26 November 2014
money3
Financial Review – September 2014 QTR
| Sept 14 QTR | Sept 13 QTR | % increase | |
|---|---|---|---|
| Written Income - Secured | $11.8M | $6.6M | 78.8% |
| Written Income – Unsecured | $9.8M | $6.1M | 60.6% |
| Earned Income - Secured | $6.3M | $2.9M | 117.2% |
| Earned Income - Unsecured | $8.7M | $5.0M | 74.0% |
| Contribution - Secured | $3.6M | $1.7M | 111.8% |
| Contribution - Unsecured | $2.7M | $1.6M | 68.7% |
| Corporate/Unallocated | ($1.6M) | ($1.1M) | 45.5% |
| Profit before tax | $4.7M | $2.2M | 113.6% |
| Interest Expense | $0.8M | $0.1M | |
| EBIT | $5.5M | $2.3M | 139.1% |
AGM 26 November 2014
money3
Financial Review – September 2014 QTR
| Sept 14 | June 14 | % increase | |
|---|---|---|---|
| Trade Receivables - Secured | $61.2M | $50.2M | 21.9% |
| Trade Receivables - Unsecured | $23.9M | $22.4M | 6.6% |
| Total Receivables | $85.1M | $72.7M | 17.1% |
| Bad debts as % of revenue | 15.4% | 14.8% | |
| (in line with expectation due to growth of new unsecured business FY14) | |||
| Sept 14 QTR | Sept 13 QTR | ||
| No of loans - Secured | 1,933 | 1,037 | 86.4% |
| No of loans - Unsecured | 33,724 | 20,053 | 68.2% |
AGM 26 November 2014
money3
Creating a Breakthrough Company
To enable the transformation of the consumer lending industry in Australia all stakeholders must focus on the conversation for possibility for the financially challenged.
...the best things come to those who work... create
AGM 26 November 2014
money3
Why Is Money3 a good investment
AGM 26 November 2014
money3
Outlook and Forecast
Outlook
- Money3 is well placed to capitalise on the growth prospects in the consumer credit industry. With debt funding in place, the unmet demand particularly in secured lending will see strong organic growth.
- We will pursue acquisitions where they deliver sustainable value to the company.
- We will continue to source customers online, through branch and broker network.
- Money3 will remain focussed on returning business via the internal broking division and the branch network.
Forecast
- Directors are pleased to provide the following guidance for the year ending June 2015:
| FY15 | FY14 | |
|---|---|---|
| (Forecast) | (Actual) | |
| EBIT | $22.0M | $11.9M |
| Net Profit before tax | $18.0M | $11.0M |
AGM 26 November 2014
money3