Findi Limited · ASX:FND
Findi — Investor Presentation (December 2022)
18 slides from Findi's investor presentation, Dec 8, 2022
Slide 1: Investor Presentation December 2022
For personal use only ASX: FND INVESTOR PRESENTATION DECEMBER 2022
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is authorised for release by its Directors. You must read and accept the conditions in this notice before considering the For personal use only information set out in or refer
Slide 3: Findi provides tailored, scalable payment solutions for one of the world's largest developing markets
FINDI PROVIDES For personal use only TAILORED, SCALABLE PAYMENT SOLUTIONS FOR ONE OF THE WORLD’S LARGEST DEVELOPING MARKETS WITH AN INCREASING FOCUS ON DIGITAL BANKING SERVICES 3
Slide 4: Corporate Overview
CORPORATE OVERVIEW Findi is an ASX-listed fintech with operations across India, one of the world’s largest directly addressable payments markets. For personal use only BOARD MEMBERS EXECUTIVE TEAM CAPITAL STRUCTURE Nicholas Smedley Mohnish Kumar Market Capitalisation – 2 December 2022 A$16.21M Non-E
Slide 5: Earnings Guidance
EARNINGS GUIDANCE Building on strong financial results in FY22 1 and the renegotiation of its finance arrangements, Findi is forecast to earn Revenue and EBITDA of A$47-50M and A$13-14M respectively in FY23. For personal use only REVENUE2,3 EBITDA TO FCF4 The key strategic and operational initiative
Slide 6: Half Year Results
HALF YEAR RESULTS Findi’s financial results to 30 September 2022 show its strategy is delivering for shareholders For personal use only REVENUE EBITDA NET PROFIT A$24.387M A$6.816M A$0.19M Up 14.1%¹ Up 133.9%¹ H1 FY21 – A$0.395M LOSS (1)On a pro forma, consolidated basis 6
Slide 7: Central Bank of India (CBI) Rollout on Target
CENTRAL BANK OF INDIA (CBI) ROLLOUT ON TARGET Recent update upon deployment of 500 th ATM indicates performance ahead of expectations For personal use only ✓ Rollout of entire 2,550 ATMs on course for completion by the end of FY23 (March 2023) ✓ 500 ATMs deployed to date materially exceeding expecta
Slide 8: State Bank of India Issues Contract Extension
STATE BANK OF INDIA ISSUES CONTRACT EXTENSION Not yet factored into Findi’s earnings guidance, State Bank of India (SBI) extends Findi’s contract to 31/12/23 For personal use only ✓ SBI extends ATM supply contract with Findi to end of calendar 2023 ✓ Whilst not yet factored into Findi’s earnings gui
Slide 9: Timeline
TIMELINE The Company has rebranded its ATM and digital payments business in India to “Findi” following the recent buyout of its joint venture partner. Established in 2004, Transaction Solutions International Pvt Ltd (TSI India) commenced as an ATM For personal use only managed services provider befo
Slide 10: Existing Key Financial and Operating Highlights
EXISTING KEY FINANCIAL AND OPERATING HIGHLIGHTS Findi has several attractive investment fundamentals which can be leveraged to generate long-term profitable and cash flow generative earnings. This is supported by long-term contracts, including the new five-year agreement with the Central Bank For pe
Slide 11: Current Business Overview
CURRENT BUSINESS OVERVIEW Findi provides customised & scalable payments services for one of the world’s largest developing markets whilst being part of the digital banking revolution allowing customers to transact in a fast and flexible way from any location. Findi is seeking For personal use only t
Slide 12: Competitive Landscape for ATMs
COMPETITIVE LANDSCAPE FOR ATMS Findi is one of the top companies within the Indian ATM managed services market and has a diverse product offering… For personal use only PRODUCT / SERVICE OFFERING OPERATOR ATMsEquipment ATM FirstLine ATM Managed White LabelATM Payment E-Surveillance Utility Companies
Slide 13: Service Offering - Ecosystem of Cash, Payments and Digital
SERVICE OFFERING - ECOSYSTEM OF CASH, PAYMENTS AND DIGITAL Findi’s services are categorised between ATM managed services, Findi-Pay & transaction banking. ATM managed services currently generates 90% of total revenue, however, the contribution of Findi-Pay & transaction banking is expected to grow F
Slide 14: Market Opportunity - Financial Services to the Underbanked
MARKET OPPORTUNITY – FINANCIAL SERVICES TO THE UNDERBANKED Findi is well known and regarded within the Indian payments and banking industry. Findi’s further expansion will be supported by the continued growth in currency in circulation, the number of ATMs across India and cash payments as a For pers
Slide 15: Key Strategic Initiatives
KEY STRATEGIC INITIATIVES In March, Findi secured a new five-year agreement with the Central Bank of India (CBI) and is planning to apply for a transaction banking licence whilst continuing to develop and commercialise its digital payments solutions which will be a key For personal use only growth d
Slide 16: Transaction Banking Services
TRANSACTION BANKING SERVICES The Indian financial services sector, supported by the Reserve Bank of India, is transforming and moving towards enhanced financial inclusion through greater penetration of financial services. Over the next three to four years, Findi will transition to For personal use o
Slide 17: For personal use only
For personal use only E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findi.co
Slide 18: Appendix 1: Reconciliation to Statutory Accounts
APPENDIX 1: RECONCILIATION TO STATUTORYACCOUNTS Reconciliation of Pro Forma Financial Information to Statutory Accounts… For personal use only Profit and Loss Basis of Preparation FY22 Reported A$000’s Reported Adjustment Pro Forma • Based on the audited accounts of Findi as provided in the FY22 Ann