Cash Converters International Limited · ASX:CCV
Cash Converters International — H1 FY2020 Earnings Presentation
13 slides from Cash Converters International's earnings presentation, February 2020
Slide 1: H1 FY20 Investor Presentation
H1 FY20 Investor Presentation February 2020
Slide 2: Our Presence
Our Presence 196 63 REST OF WORLD UNITED KINGDOM 69 642 104 Corporate Franchise FRANCE 2 18 UNITED ARAB EMIRATES 9 75 MALAYSIA 69 Countries SPAIN AUSTRALIA 711 84 28 Stores 81 AUSTRALIA NEW ZEALAND SOUTH AFRICA 2 Cash Converters has a 25% equity interest in Cash Converters New Zealand (CCNZ)
Slide 3: Our Business
Our Business Focus on meeting the cash needs Diversified product offering: Bespoke proprietary technology, 30+ years of operation through of a growing and under-serviced secured and unsecured lending, developed inhouse, delivering multiple economic and business market. second-hand goods retailing. e
Slide 4: Customer Satisfaction
Customer Satisfaction In recent years we have facilitated millions of transactions, amassing customer data that we can then leverage to create a competitive advantage. Our ability to find new customers and provide existing customers with what they want, is reflected in industry leading Net Promoter
Slide 5: Results
Results 5
Slide 6: H1 FY20 Milestones
H1 FY20 Milestones Several milestones were achieved during H1 FY20 including a record-breaking December 2019 for Personal Finance outgoings, Online Applications and Speed-to-Cash. A selection of these milestones are outlined below. Total Loan Book 53.9% of loans originated Total PF Applications $224
Slide 7: H1 FY20 Highlights
H1 FY20 Highlights Commentary Normalised EBITDA Normalised NPAT • Normalised NPAT up 31.2% driven by Total Revenue $24.3m (+13.7%) $11.5m (+31.2%) improvements across all segments. $143.9m (+4.9%) • Strong revenue growth achieved in a challenging retail environment. • Improved normalised net operati
Slide 8: Group Performance
Group Performance H1 FY20 ($m) H1 FY19 ($m) Change (%) +31.2% +4.9% Revenue 143.9 137.3 +4.9% Normalised Revenue NPAT Expenses (158.6) (136.8) -15.9% EBITDA (12.8) (1.4) -814.3% • Total retail sales up 12.8% to $42.5m • Online retail sales up 24.5% to $3.8m Normalised EBITDA 24.3 21.4 +13.7% • Pawnb
Slide 9: Divisional Earnings
Divisional Earnings Personal Finance (PF) Franchise Operations • Strong application volumes, coupled with a 2.2% increase in • New Zealand operations contributed $1.8m (half-year ended loans funded and continued optimisation of credit 31 December 2018: $930k). International revenues remained decisio
Slide 10: Loan Books & Funding
Loan Books & Funding 31 December 2019 [Compared to PCP] Available Cash $45.6m Total Cash $59.4m Restricted Cash Deposits ($13.8m) 31.2% [27.7%] Securitisation $122.5m 40.7% Facility limit $150m [44.3%] Headroom $27.5m 5.1% [5.4%] 20.7% Strong free cash flow improving available cash position, [20.0%]
Slide 11: H2 FY20 Priorities
H2 FY20 Priorities 1 Business Optimisation | Continued focus on quality loan portfolio, auto lending review focus 2 Operational Excellence | Continued investment in core loan processing systems, collections optimisation 3 Continue to rebuild awareness & trust | Brand-focused campaign, strong engagem
Slide 12: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Cash Converters and its activities current at the date of the presentation. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be
Slide 13: Thank You
Thank You 13
Cash Converters International — H1 FY2020 Earnings Presentation on 6ix