Ofx Group Ltd. · ASX:OFX
Ofx — Shareholder Meeting (August 2024)
27 slides from Ofx's shareholder meeting presentation, Aug 1, 2024
Slide 1: Annual General Meeting
Annual General Meeting 1 August 2024 OFX Group Limited ABN 12 165 602 273
Slide 2: Welcome
Welcome For technical support during the meeting call +61 2 8667 9160 2
Slide 3: Agenda
Agenda 1 Chair’s Address 2 CEO & Managing Director’s Address 3 Formal Business 4 Questions 5 Close 3
Slide 4: Chair's Address
Chair’s Address Patricia Cross AM Chair
Slide 5: CEO & Managing Director's Address
CEO & Managing Director’s Address Skander Malcolm Chief Executive Officer and Managing Director
Slide 6: FY24: results in line with guidance, strong execution
FY24: results in line with guidance, strong execution $227.5m $20.8m $64.6m $68.2m NOI1 B2B new revenue Underlying EBITDA2 Net available cash up 6.3% up 21.8% up 3.4% up 1.2% (up 8.2% ex-Paytron) Margin growth and Continued cash Marketing pivot to B2B Disciplined cost strong interest income, generat
Slide 7: Target B2B clients need more than just low-cost payments
Target B2B clients need more than just low-cost payments For payments, target However, workflow and tasks around … OFX can now solve these ICPs1 are looking for: payments incur more pain and cost than the pain points and reduce more payment itself … cost … Competitive pricing + Ease of use (digital
Slide 8: Our new client platform live in Australia in 1Q25
Our new client platform live in Australia in 1Q25 Expanded product set FX focus with global wallets Global expense management Multi currency Corporate card Accounting AR/AP Global software payment and integrations workflow solutions 8
Slide 9: FY25 Update
FY25 Update FY25 NOI growth rate drivers FY25 outlook reaffirmed 11.9% ●+ Margins ~10% ● NOI in line with expectations - Corporate business confidence mixed, declining interest rates now ●+ New revenue expected 6.3% ●+ Non-FX revenue ● Margins, Operating Expenses (including losses) and ●+ 3 addition
Slide 10: Formal Business
Formal Business Patricia Cross AM Chair
Slide 11: How to vote online
How to vote online Step 1: Complete the voting card During the meeting, the Chair will indicate that the voting is open and the voting card will be shown. The voting card can be repositioned on your screen. There are 6 items to be voted on. To submit your voting card, you must select one of the foll
Slide 12: How to ask questions online
How to ask questions online Step 1: Select the Q&A button in the menu bar Navigate to the lowest section of your Zoom window and the bottom menu bar will appear. Click on the Q&A button, shown to the right by the orange circle. Step 2: Enter your full name, shareholder number/proxy code and either:
Slide 13: Item 1. Financial Statements and Reports of the Directors and Auditors
Item 1. Financial Statements and Reports of the Directors and Auditors To receive and consider the Financial Report, the Directors’ Report and the Independent Auditor’s Report for the Company for the financial year ended 31 March 2024. There is no vote on this item. 13
Slide 14: Item 2. Re-election of Ms Cathy Kovacs
Item 2. Re-election of Ms Cathy Kovacs To consider and, if thought fit, pass the following resolution as an ordinary resolution: That Cathy Kovacs, who retires in accordance with Article 47(a) of the Company’s Constitution, and being eligible for re-election, be re-elected as a Director of the Compa
Slide 15: Item 2. Re-election of Ms Cathy Kovacs
Item 2. Re-election of Ms Cathy Kovacs Votes Discretionary For Against Total Abstain (Open) Votes 167,715,684 92,200 70,039 167,877,923 20,000 99.90% 0.05% 0.04% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 15
Slide 16: Item 3. Re-election of Mr Robert Bazzani
Item 3. Re-election of Mr Robert Bazzani To consider and, if thought fit, pass the following resolution as an ordinary resolution: That Robert Bazzani, who retires in accordance with Article 47(d) of the Company’s Constitution, and being eligible for re-election, be re-elected as a Director of the C
Slide 17: Item 3. Re-election of Mr Robert Bazzani
Item 3. Re-election of Mr Robert Bazzani Votes Discretionary For Against Total Abstain (Open) Votes 167,171,942 615,942 70,039 167,857,923 40,000 99.59% 0.37% 0.04% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 17
Slide 18: Item 4. Re-election of Ms Jacqueline Hey
Item 4. Re-election of Ms Jacqueline Hey To consider and, if thought fit, pass the following resolution as an ordinary resolution: That Jacqueline Hey, who retires in accordance with Article 47(d) of the Company’s Constitution, and being eligible for re-election, be re-elected as a Director of the C
Slide 19: Item 4. Re-election of Ms Jacqueline Hey
Item 4. Re-election of Ms Jacqueline Hey Votes Discretionary For Against Total Abstain (Open) Votes 167,756,884 51,000 70,039 167,877,923 20,000 99.93% 0.03% 0.04% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 19
Slide 20: Item 5. Remuneration Report
Item 5. Remuneration Report To consider and, if thought fit, pass the following non-binding resolution as an ordinary resolution: That the OFX Group Limited Remuneration Report for the financial year ended 31 March 2024 be adopted. This is a non-binding advisory vote. 20
Slide 21: Item 5. Remuneration Report
Item 5. Remuneration Report Votes Discretionary For Against Total Abstain (Open) Votes 163,748,306 954,573 1,231,444 165,934,323 20,000 98.68% 0.58% 0.74% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 21
Slide 22: Item 6. Issue of Performance Rights to Mr Malcolm (FY24 STI)
Item 6. Issue of Performance Rights to Mr John Alexander (‘Skander’) Malcolm under the OFX Group Limited Global Equity Plan in respect of FY24 Short Term Incentives To consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purposes of ASX Listing Rule 10
Slide 23: Item 6. Issue of Performance Rights … FY24 STI
Item 6. Issue of Performance Rights … FY24 STI Votes Discretionary For Against Total Abstain (Open) Votes 164,507,585 609,142 69,039 165,185,766 490,131 99.59% 0.37% 0.04% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 23
Slide 24: Item 7. Issue of Performance Rights to Mr Malcolm (FY25 LTI)
Item 7. Issue of Performance Rights to Mr John Alexander (‘Skander’) Malcolm under the OFX Group Limited Global Equity Plan in respect of FY25 Long Term Incentives To consider and, if thought fit, pass the following resolution as an ordinary resolution: That, for the purposes of ASX Listing Rule 10.
Slide 25: Item 7. Issue of Performance Rights … FY25 LTI
Item 7. Issue of Performance Rights … FY25 LTI Votes Discretionary For Against Total Abstain (Open) Votes 164,508,585 607,142 70,039 165,185,766 490,131 99.59% 0.37% 0.04% Figures relate to votes lodged up to 2:00pm (AEST) on 30 July 2024. 25
Slide 26: Questions
Questions Patricia Cross AM Chair
Slide 27: Thank you
Thank you The material contained in this document is a presentation of general information about OFX Group Limited (Company) and its activities current as at 1 August 2024. Material is provided in summary only and does not purport to be complete. The material contained in this document has been prep