Cash Converters International Limited · ASX:CCV
Cash Converters International — Shareholder Meeting (November 2017)
9 slides from Cash Converters International's shareholder meeting presentation, Nov 23, 2017
Slide 1: 2017 Annual General Meeting - FY17 Investor Presentation
2017 Annual General Meeting For personal use only FY17 Investor Presentation 23 November 2017 22 August 2017 – – Mark Reid Chief Executive Officer –
Slide 2: Chief Executive Officer Mr Mark Reid
For personal use only Chief Executive Officer Mr Mark Reid –
Slide 3: FY17 Key Achievements
FY17 Key Achievements For personal use only Green Light Auto (GLA) profitable UK business profitable Bad-debt write offs reducing Successful introduction of Medium Amount Credit Contract (MACC) product Retail and Pawn Broking growing EU remediation, new assessing platform and compliance review 3
Slide 4: FY17 Financials
FY17 Financials For personal use only FY17 FY16 Variance Consolidated basis ($m) ($m) (%) Revenue 271.5 310.0 -12.4% EBITDA 45.7 47.7 -4.1% EBITDA as % of revenue 16.8% 15.4% - NPAT from Continuing Operations 20.6 25.9 -20.4% Discontinued operations - (31.2) - Statutory NPAT 20.6 (5.3) - EPS (basic)
Slide 5: Strategy for Growth
Strategy for Growth For personal use only 1 • Focus on growing loan books – SACC, MACC, GLA, Pawn Broking. Significantly grow NPAT from • Declining bad debts due to a higher quality and lower risk personal finance both new/existing brands, loan book. products and channels. • Continued focus on impro
Slide 6: Trading Update
Trading Update Quarterly Bad Debt Write off 12 For personal use only Personal Loan Books Millions $100 11 Millions 11 $80 10 9 $60 9 $40 8 $20 85% growth 8 36% Reduction in MACC loan 7 $0 book 7 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 MACC SACC 6 Dec-16 Mar-17 Jun-17 Sep-17 Pawnbroking 20% GLA Loan book
Slide 7: Marketing Campaigns
Marketing Campaigns Personal Finance Campaign – ‘Get Sorted’ For personal use only Retail Campaign – ‘Find what lights you up for less’ Pawn broking campaign – ‘Flip it’ 7
Slide 8: Funding
Funding For personal use only 1 Renewed 5-year Funding Term • Cash Converters has renewed its securitisation facility (3 + 2 option). with Fortress Investment Group (‘Fortress’). 2 • Only the SACC Personal Loan Book could be funded Funding now under the previous facility, underutilising the $100m av
Slide 9: Summary
Summary For personal use only “I am genuinely excited • Build on our current growth strategy. about the substantial • Improve our service delivery to our existing customers. opportunities for growth • Leveraging our brand with new products into new markets. in our business, to • Focus on cost and pr
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