Earlypay Limited · ASX:EPY
Earlypay — Shareholder Meeting (November 2021)
16 slides from Earlypay's shareholder meeting presentation, Nov 18, 2021
Slide 1: AGM Presentation
AGM Presentation 18th November 2021
Slide 2: Board of Directors 1 of 2
Board of Directors 1 of 2 Greg Riley, Non-executive Chairman Sue Healy, Non-Executive Director BSc, Dip ED, G Dip Ed Studies Fellow RCSA, MAICD Member of the Audit Committee, Nomination Chairperson of the Nomination and Remuneration and Remuneration Committee, and Risk Committee and Member of the Ri
Slide 3: Board of Directors (cont.) 2 of 2
Board of Directors (cont.) 2 of 2 Ilkka Tales, Non-Executive Director James Beeson, Executive Director & COO BBus Global Executive MBA (TRIUM - NYU Stern, LSE, HEC Paris), Master of Applied Finance, BCom, Chairperson of the Risk Committee and Member of CPA the Audit Committee 13,134,712 Ordinary Sha
Slide 4: How to vote
How to vote Voting using the Online Platform during the Meeting Due to the virtual nature of the event, Computershare will facilitate voting during the meeting by an application downloadable on your desktop or any other mobile device. Online voting guide can be found at www.computershare.com.au/onli
Slide 5: Vision Statement
Vision Statement Business Finance made simple. At Earlypay, our mission is to provide Australian businesses with the cash flow they need to grow.
Slide 6: About Earlypay
About Earlypay Employing ~90 people in Brisbane, Sydney and Melbourne, Earlypay provides secured finance to SME businesses Earlypay commenced SME lending in 2011, with the launch of Invoice Finance. Warehouse funding for this product commenced in 2016 Earlypay commenced an Equipment Finance product
Slide 7: FY21 Highlights
FY21 Highlights $21.0m $8.7m Exceeded FY21 guidance Avg. Cost of Debt 4.24% down from 5.24% in FY20 (up 11% on pcp) (up 13% on pcp) and 6.38% in FY19 Adjusted EBITDA1 Underlying NPATA1 Despite Covid - Default rate New technology platform <0.1% driving growth – 80% of new clients in FY21 3.84c 2.3c (
Slide 8: Q1 FY22 Update
earlypay~ Q1 FY22 Update
Slide 9: Group Trading & Outlook
Group Trading & Outlook Upgrade to Guidance Earlypay is pleased to confirm a strong start to FY22, driven by growth in the core Invoice Finance product; Invoice Finance Q1 Total Transaction Volume (TTV) of $569m, up 40% on pcp Q1 Margin improvement on TTV to 1.64% (pcp: 1.51%) Q1 Revenue up 52% on p
Slide 10: Invoice and Trade Finance - Q1 FY22 Highlights
Invoice and Trade Finance - Q1 FY22 Highlights Material uplift across all key metrics TTV x Margin = Revenue Total Transaction Volume ($m) vs. Margin % Revenue vs. Peak Funds in Use ($m) 10 9.3 180 600 568.7 1.70% 518.5 7.1 8.1 159.1 160 481.4 458.4 7.1 500 1.64% 1.65% 8 136.9 138.2 140 405.5 6.1 12
Slide 11: Invoice and Trade Finance - Q1 FY22 Highlights
Invoice and Trade Finance - Q1 FY22 Highlights Material uplift across all key metrics Growth in TTV driven by new clients, up 18% on pcp Customers vs. LVR % Significant new business pipeline and expecting continued 500 476 growth through FY22 480 65% 460 450 The Earlypay platform continues to drive
Slide 12: Equipment Finance - Q1 FY22 Highlights
Equipment Finance - Q1 FY22 Highlights Equipment Finance is poised for growth as SMEs make investment decisions post lockdown Equipment Finance loan book steady, with planned growth for FY’22 delayed due to extended lockdown restrictions in NSW/VIC Q1 originations were up 40% on pcp Revenue and earn
Slide 13: Funding and Partnerships
Funding and Partnerships Warehouse Facilities and new partnership positions Earlypay for solid Facility Cost Comments growth Size Invoice Finance Partnership for SME lending with an ASX Listed Financial Institution Warehouse Facility 1 $125m Sub-3% Increase from $100m to The partnership will support
Slide 14: Resolution Details
Resolution Details Resolution Resolution Type 1: Remuneration Report Ordinary 2: Re-election of Director – Mr Geoffrey Sam Ordinary 3: Re-election of Director – Mr Ilkka Tales Ordinary 4: Election of Director – Mr Stephen White Ordinary 5: Election of Director – Mr James Beeson Ordinary 6: Placement
Slide 15: Disclaimer
Disclaimer Summary information This presentation contains summary information about the current activities of EPY as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This Presentation does not purport to contain all th
Slide 16: Disclaimer
Disclaimer Disclaimer To the maximum extent permitted by law, no representation or warranty and take no responsibility for, express or implied, is made as to the currency, accuracy, reliability of information statements, opinions, conclusions or representations contained in the Presentation and EPY