Fsa Group Limited · ASX:FSA
Fsa — Shareholder Meeting (November 2016)
24 slides from Fsa's shareholder meeting presentation, Nov 24, 2016
Slide 1: AGM Presentation
For personal use only AGM Presentation 24 November 2016
Slide 2: Agenda
Agenda For personal use only • Overview • Segments • Services • Consumer Lending • Business Lending – sold 30 May 2016 • Financial Results 2016 • 5 Year Strategic Plan 2016 to 2020 • July to October 2016 FSA Group Limited – AGM Presentation 2016 2
Slide 3: Overview
For personal use only Overview
Slide 4: Overview
Overview For personal use only Australia’s largest provider of debt solutions; direct lender to individuals What we do For over 15 years, FSA has helped thousands of Australians take control of their debt. Our large and experienced team of professionals offers a range of debt solutions and direct le
Slide 5: Services
For personal use only Services
Slide 6: Services
Services For personal use only Debt Agreements FSA offers a range of services to assist clients wishing to enter into a payment arrangement with their creditors. These services include informal arrangements, debt agreements, PIAs and personal insolvency agreements and bankruptcy. Bankruptcy FSA offe
Slide 7: Market
Market For personal use only FSA Group Limited – AGM Presentation 2016 7 7
Slide 8: FSA is the leader in debt agreements
FSA is the leader in debt agreements For personal use only FSA Group Limited – AGM Presentation 2016 8
Slide 9: Services
Services For personal use only Debt Market share 41%* 5% decrease in new clients Agreements 19,553 clients under administration up 4% $346m of debt managed $79m paid to creditors Market share impacted by lower new client numbers due to staffing challenges in the first half. Appropriately staffed for
Slide 10: Consumer Lending
For personal use only Consumer Lending
Slide 11: Consumer Lending
Consumer Lending For personal use only Home Loans FSA offers non-conforming home loans to assist clients with property who wish to consolidate their debt. Personal Loans FSA offers non-conforming personal loans to assist clients with the purchase of a motor vehicle. FSA Group Limited – AGM Presentat
Slide 12: Loan pools
Loan pools For personal use only Loan Pools FY2015 FY2016 % Change Home Loans $233.0m $262.0m +12% Personal Loans $5.9m $19.8m +237% Total $238.9m $281.8m +18% Arrears > 30 day FY2014 FY2015 FY2016 Home Loans 3.32% 2.87% 2.17% Personal Loans Not applicable Nil 0.59% FSA Group Limited – AGM Presentat
Slide 13: Loan pools
Loan pools For personal use only Loan Pool Data Home Loans Personal Loans Average loan size $304,832 $25,299 Security type Residential home Motor vehicle Average loan to valuation ratio 67% 100%+ Variable or fixed rate Variable Fixed Geographical spread All states All states Renewal Funding Facility
Slide 14: Financial Results
For personal use only Results Financial
Slide 15: PBT by segment from continuing operations
PBT by segment from continuing operations For personal use only Profit before tax by segment FY2015 FY2016 % Change Services $14.8m $14.2m - 4% Consumer Lending $ 5.1m $5.2m + 3% Other/unallocated $0.1m ($2.5m)* Profit before tax $19.9m $16.8m - 16% Excludes Business Lending segment sold 30 May 2016
Slide 16: Group financials from continuing operations
Group financials from continuing operations For personal use only Financial Overview FY2015 FY2016 % Change Operating income $62.3m $62.1m 0% Profit before tax $19.9m $16.8m - 16% Profit after tax attributable to members $12.9m $10.7m - 18% EPS basic 10.34c 8.52c - 18% Net cash inflow from operating
Slide 17: Group financials excluding loss on swap agreement
Group financials from continuing operations, excluding loss on swap agreement For personal use only Financial Overview FY2015 FY2016 % Change Profit before tax $19.9m $19.2m - 3% Profit after tax attributable to members $12.9m $12.3m - 5% EPS basic 10.34c 9.85c - 5% Excludes the before tax $2.4m mar
Slide 18: What's underpinning operating cash flow
What's underpinning operating cash flow For personal use only Long-term annuity income No of clients/ Average client loan pool size life in years Services - Debt Agreements 19,553 4.5 to 5.5 - PIA/Bankruptcy 1,424 3 - Easy Bill Pay 2,132 Expect > 5 Consumer Lending - Home Loans $262m 3 to 4 - Person
Slide 19: 5 year strategic plan
For personal use only plan 5 year strategic
Slide 20: 5 year strategic plan 2016 to 2020
5 year strategic plan 2016 to 2020 For personal use only Debt Agreements, PIAs and Bankruptcy - Maintain our leading position in a niche market Services Easy Bill Pay - Aiming to add over 500 new clients per month over the next few years - Expand our product offering Consumer - Focus on growing our
Slide 21: 5 year strategic plan 2016 to 2020
5 year strategic plan 2016 to 2020 For personal use only Earnings - Expect average long term earnings growth of around 10% pa - Growth rate in earnings may be lower in earlier years Capital - Dividends around 50% to 60% of earnings Management - Balance of earnings to be re-invested to support the ca
Slide 22: July to October 2016
July to October 2016 For personal use only Debt Agreements: - New client numbers up 4% on pcp - Clients under administration up 1% on June PIAs and Bankruptcy: Services - New client numbers up 25% on pcp - Clients under administration up 5% on June Easy Bill Pay: - Clients 2,597 up 22% on June - 189
Slide 23: Investor Relations Contacts
Investor Relations Contacts For personal use only Mr. Tim Odillo Maher Ms. Deborah Southon Executive Director Executive Director FSA Group Limited FSA Group Limited Level 3, 70 Phillip Street Level 3, 70 Phillip Street Sydney NSW 2000 Sydney NSW 2000 T: 02 8985 5090 T: 02 8985 5091 F: 02 8985 5310 F
Slide 24: Cautionary Statements and Disclaimer
Cautionary Statements and Disclaimer Regarding Forward-Looking Information For personal use only This release may contain forward-looking statements, including statements about FSA Group Limited’s (Company) financial condition, results of operations, earnings outlook and prospects. Forward-looking s