Moneyme Ltd. · ASX:MME
Moneyme — Shareholder Meeting (October 2022)
23 slides from Moneyme's shareholder meeting presentation, Oct 11, 2022
Slide 1: EGM Scripts and Presentation Slides
11 October 2022 For personal use only ASX Announcement EGM SCRIPTS AND PRESENTATION SLIDES MONEYME attaches the following materials to be presented at the Extraordinary General Meeting of Shareholders to be held today at 11.00am AEDT: 1. Script of the prepared addresses to be given by the Chairman a
Slide 2: Chair's Address
MONEYME LIMITED EXTRAORDINARY GENERAL MEETING – CHAIR AND CEO ADDRESSES For personal use only 11.00 AM, TUESDAY 11 OCTOBER 2022 Chair’s Address Good morning Ladies and Gentlemen, and welcome to this Extraordinary General Meeting of shareholders of MoneyMe Limited. I am Peter Coad, the Chairman of Mo
Slide 3: Chair's Address: meeting arrangements
The Notice of Meeting was made available to shareholders and lodged with the ASX on 9 September 2022 and I propose to take this as read. Shareholders were also provided with a Voting Form and details of how to For personal use only access our Virtual Meeting Online Guide, which gives instructions on
Slide 4: Managing Director and CEO's Address
• Jonathan Swain, our Company Secretary. Joining via telephone is Jonathan Lechte, Non-Executive Director and Chair of the Audit and Risk Management Committee. For personal use only The agenda for today’s meeting is set out in the Notice of Meeting. Before we proceed to considering the formal resolu
Slide 5: CEO's Address: capital raising
It was also supported by the successful acquisition of SocietyOne, which allowed for a step change in scale that brought with it significant operational For personal use only advantages and cost synergies, as well as the low-cost acquisition opportunity in cross-selling MONEYME’s expanding product r
Slide 6: CEO's Address: strategic focus and interest rates
building further resilience by managing our cash reserves and increasing the credit quality of our loan book in the immediate term. I am pleased to say that MONEYME has executed on this new strategic focus For personal use only efficiently and effectively in quarter one, enabled by our proprietary t
Slide 7: CEO's Address: pricing and credit quality
Both front-book and back-book pricing have been adjusted appropriately across the Group’s product range. It is worth noting that SocietyOne loan products are not impacted by pricing For personal use only changes as interest rates for SocietyOne fixed rate loans are hedged. We will continue to review
Slide 8: CEO's Address: revenue and technology innovation
The change in loan book size has primarily been driven by slightly higher customer pre-payment rates in response to increasing interest rates, the focus on originating higher quality customers, and the moderated growth as part of For personal use only the strategy to deliver statutory profits in FY2
Slide 9: CEO's Address: costs, provisioning and FY23
Core office operating expenses as a % of average gross customer receivables has decreased to 3.1% in 1Q23. Proactive cost management will continue to be a focus as part of the strategic For personal use only objectives for the next quarter, while a recalibrated acquisition strategy will leverage the
Slide 10: Extraordinary General Meeting
For personal use only Extraordinary General Meeting Tuesday 11 October 2022 moneyme.com.au Copyright 2022 | MONEYME Limited | ACN 636 747 414 | Australian Credit Licence Number 442218
Slide 11: Chair & CEO Address
1 For personal use only Chair & CEO Address Chair & CEO Address Page 1 | MONEYME
Slide 12: Chair's Welcome Address
For personal use only Chair’s Welcome Address Peter Coad Page 2 | MONEYME
Slide 13: CEO's Address
For personal use only CEO’s Address Clayton Howes Page 3 | MONEYME
Slide 14: Business Update
For personal use only 4 Business Update Business Update Page 4 | MONEYME
Slide 15: Calibrating to a higher interest rate environment
Calibrating to a higher interest rate environment Interest rate calibration timeline For personal use only MONEYME’s technology-driven agility has allowed the business to promptly adjust its RBA rate changes Change: Change: Change: Change: Change: Change: +0.25% +0.50% +0.50% +0.50% +0.50% +0.25% pr
Slide 16: Increased credit quality of the portfolio
Increased credit quality of the portfolio Gross customer receivables ($m) vs. Secured asset % Equifax cohort % of loan book for each quarter For personal use only MONEYME continues to focus on originating higher credit quality loan assets and 1,345 13% 16% 1,278 21% 24% increasing the credit profile
Slide 17: Gross revenue on track for >$200m in FY23
Gross revenue on track for >$200m in FY23 For personal use only As announced at the end of FY22, MONEYME has shifted focus to prioritise generating Gross revenue vs. Contracted revenue statutory returns following a year of consistently high growth. MONEYME’s tech-enabled agility and ability to trans
Slide 18: Technology innovation driving further efficiencies
Technology innovation driving further efficiencies For personal use only Optimising operational efficiencies remains a key priority as MONEYME Core office operating expenses as % of average gross customer leverages scale advantages and recent technological advancements, including: receivables • The
Slide 19: Provisioning & losses
Provisioning & losses Gross customer receivables and provision balances by impairment stage1 (as at 30 June 2022) For personal use only Credit outcomes remain within expectation and risk appetite at the Group level with net Stage 1 Stage 2 Stage 3 Total credit losses of 5% for 1Q23 (4%, 4Q22): Gross
Slide 20: What you can expect from us in FY23
What you can expect from us in FY23: For personal use only Quick calibration Loan book shift Improvement in of our business Continued towards higher cost to income ratio strategy to the innovation for Equifax profile to driven by tech- higher interest rate Autopay build defence enabled efficiencies
Slide 21: Thank you for your attendance
For personal use only Thank you for your attendance
Slide 22: Important notices & disclaimers
Important notices & disclaimers The information contained in this presentation has been prepared by MONEYME Limited (MONEYME or Company) in connection with the Such risks and uncertainties include, but are not limited to: the acquisition and retention of customers, commercialisation, technology, thi
Slide 23: moneyme.com.au
For personal use only moneyme.com.au Copyright 2022 | MONEYME Limited | ACN 636 747 414 | Australian Credit Licence Number 442218