Plenti Group Ltd. · ASX:PLT
Plenti — Shareholder Meeting (August 2021)
17 slides from Plenti's shareholder meeting presentation, Aug 24, 2021
Slide 1: 2021 Annual General Meeting – Addresses and presentation
24 August 2021 ASX Release For personal use only 2021 Annual General Meeting – Addresses and presentation Plenti Group Limited (ASX:PLT) is pleased to provide a copy of the attached addresses and presentation, which will be delivered by Plenti’s Chairman and CEO at its Annual General Meeting today.
Slide 2: Chairman Address
Annual General Meeting Chairman Address 24 August 2021 For personal use only I’m very proud to be chairing today’s meeting - our first AGM since becoming a public company in September last year. It should come as no surprise to anyone joining us today that the financial services industry is undergoi
Slide 3: Chairman Address (continued)
Plenti’s mission is to be Australia’s best lender, and this mission is based on delivering unrivalled customer experiences that traditional lenders, with legacy technology, simply cannot – or choose not to – match. By delivering these experiences, Plenti can continue to achieve its growth ambitions,
Slide 4: CEO Address
Annual General Meeting CEO Address 24 August 2021 Good afternoon ladies and gentlemen. Thank you for joining us today at Plenti’s first annual general meeting. For personal use only When my co-founders Ben Milsom, Glenn Riddell and I founded Plenti, it was based on our long-held belief that personal
Slide 5: CEO Address (continued)
We’ve also made significant advances in other areas of our business, including in our funding. We’ve deepened and further diversified our funding, adding more resilience and scalability. During the year we established a second warehouse facility to fund renewable energy and personal loans. Additiona
Slide 6: Annual General Meeting August 2021
For personal use only Annual General Meeting 24 August 2021
Slide 7: Board of Directors
Board of Directors For personal use only Mary Ploughman Daniel Foggo Peter Behrens Chairman and Independent Executive Director Non-Executive Director Non-Executive Director and Chief Executive Officer Martin Dalgleish Susan Forrester AM Independent Non-Executive Independent Non-Executive 2 Director
Slide 8: Executive Committee
Executive Committee For personal use only Daniel Foggo Ben Milsom Glenn Riddell Chief Executive Officer Chief Commercial Officer Chief Operating Officer Simon Cordell Miles Drury Georgina Koch Chief Risk Officer Chief Financial Officer General Counsel and Company Secretary
Slide 9: Chairman Address
For personal use only Chairman Address Mary Ploughman
Slide 10: CEO Address
For personal use only CEO Address Daniel Foggo
Slide 11: Who we are
Who we are For personal use only Plenti is a fintech lender. We’re on a mission Traditional lenders can be slow, complicated and offer poor value. Purpose To bring our customers’ big ideas to life We established Plenti to use smart technology to provide faster, fairer loans. Vision We laid strong fo
Slide 12: Our growth
Our growth For personal use only Loan originations ($m) Our loan origination growth has accelerated. 900 866 800 690 700 600 FY21 loan origination growth 500 470 64% 400 Q4 loan originations versus PCP 300 286 120% 230 200 152 Cumulative lending at year end 100 74 30 $1.3bn 2 0 FY15 FY16 FY17 FY18 F
Slide 13: FY21 highlights
FY21 highlights For personal use only We delivered strong growth and improved key metrics. Key highlights Originations Loan portfolio Revenue Pro forma Cash NPAT $470m $615m $53.1m $(6.8m) +64% yoy +61% yoy +28% yoy 42% improvement 90+ arrears First fintech 31 bps Raised $55m via IPO in September 20
Slide 14: Technology-led lending
Technology-led lending For personal use only We’ve built a market-leading platform. End-to-end technology platform built and maintained in-house, supported by over 40 onshore and offshore engineers, product specialists and designers Allows Plenti to deliver faster, fairer loans to partners and borro
Slide 15: Funding sources
Funding sources For personal use only We continued to build resilience by diversifying and deepening our funding sources. Warehouse Plenti Lending Plenti Wholesale Overall funding Platform Lending Platform advancements Description • Warehouse and • 23,500+ • Flexible funding • Reduced average fundin
Slide 16: Our strategy
Our strategy For personal use only We are committed to building Australia’s best lender. Establish market Extend technology Optimise funding leadership advantage • Establish prime lending • Continually invest in our • Develop and maintain funding leadership positions across technology platform to st
Slide 17: Financial priorities
Financial priorities For personal use only We have set ourselves clear financial priorities. Growth Profitability Efficiency Reach $1bn loan book by Achieve positive Drive towards cost to March 2022 monthly Cash NPAT income ratio of below prior to June 2022, while 35% over medium term investing in a