Change Financial Ltd · ASX:CCA
Change Financial — Q4 FY23 Earnings Presentation
11 slides from Change Financial's earnings presentation, Jul 27, 2023
Slide 1: Q4 FY23 Investor Presentation
For personal use only Q4 FY23 Investor Presentation 27 July 2023
Slide 2: Delivering innovative and scalable payments solutions
Delivering innovative and scalable payments solutions u Change leverages innovative and scalable technology to provide tailored payment solutions, card issuing and testing Payments solutions to 150+ banks & fintechs across 40+ countries provider driving u Two core products in the banking & payments
Slide 3: Vertexon in the payments process
Vertexon in the payments process Change’s role in the u Processing: An Issuer (Change’s client) using the Vertexon Processing: Customer pays with card (all card networks payments process Platform (technology only) to manage their cards – client is supported) & purchases goods/services from merchant
Slide 4: Vertexon product offering
Vertexon product offering Vertexon offering can Processing Processing & Issuing be tailored by client to • Provide core technology to enable card issuing and • Provide Processing capability + the following key card offer services that best management including: Issuing capabilities: suit client and
Slide 5: Vertexon issuing capabilities
Vertexon issuing capabilities The majority of key Change has completed the majority of the necessary regulatory and licensing requirements to enable card issuing in NZ, enablers for card issuing Australia and the US in Australia, New Upon completion of the two remaining items shaded orange (targetin
Slide 6: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool Software facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms, processes & scheme rule compliance without the need for u Enables financial insti
Slide 7: Operational update – Q4 FY23
Operational update – Q4 FY23 Milestone Q4 Key Achievements Accelerating opportunities across key Approved for Mastercard Principal Membership in Australia regions following recent Will enable Change to issue Mastercard debit and prepaid cards in Australia Business readiness for regulatory approvals
Slide 8: Financial Update – Q4 FY23
Financial Update – Q4 FY23 FY23 delivered modest Q4 FY23 revenue of US$2.0m (A$2.9m¹) Revenue by Quarter (US$) revenue growth with FY23 YTD revenue (unaudited) of US$8.7m (A$12.8m), up $2.4m $2.4m $2.3m reduced cost base 4.7% on FY22 $2.0m $2.1m $2.0m $1.9m $1.9m FY23 revenue lower than the target ‘
Slide 9: Outlook
Outlook u Profitable revenue growth Focused execution and delivery to achieve u Realigned cost base has positioned Change to deliver profitable revenue growth in FY24+ success u Despite initial delays with NZ clients, they are now onboarded with first live cards issued and transition of cardholders
Slide 10: Disclaimer
Disclaimer Change Financial Important Notice This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness Limited of the information in this document or the accompanying presentation. All
Slide 11: Thank you.
Thank you. For personal use only Get in touch investors@changefinancial.com