Findi Limited · ASX:FND
Findi — Investor Presentation (June 2024)
20 slides from Findi's investor presentation, Jun 19, 2024
Slide 1: Investor Presentation June 2024
For personal use only Investor Presentation June 2024 ASX: FND
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is FORWARD-LOOKING STATEMENTS authorised for release by its Directors. You must read and accept the conditions in this notice before This Presentation contains forward looking
Slide 3: FY24 was a transformational period of growth for Findi
The financial year ended 31 March 2024 For personal use only (FY24) was a transformational period of growth for Findi. The Board and management team successfully delivered a number of key strategic milestones during this period, which has pleasingly resulted in strong share price appreciation. Findi
Slide 4: Current Business Overview
CURRENT BUSINESS OVERVIEW Findi is an ASX-listed fintech that provides customised, scalable payment services for one of the world’s largest developing markets, driving the digital banking revolution. Customers can transact in a fast and flexible way from any location. Findi aims to increase the brea
Slide 5: Diversified Operations
DIVERSIFIED OPERATIONS Findi specialises in bespoke ATM deployment & managed services, and digital payments & banking solutions. Our comprehensive offering caters for large financial institutions, small businesses, and individuals seeking fast & secure cash access and digital transactions… For perso
Slide 6: Investment Themes
INVESTMENT THEMES Findi possesses several compelling investment fundamentals that can be leveraged to drive sustainable & cash flow accretive earnings. Key drivers include growing our ATM portfolio, as well as strategic expansion & innovation within the White Label ATM, digital payments & banking ma
Slide 7: Delivery of Key Milestones, Unlocking Value
DELIVERY OF KEY MILESTONES, UNLOCKING VALUE Findi has delivered on several strategic milestones during FY24 resulting in substantial value appreciation. Findi remains undervalued compared to its peers, with a well-defined strategic growth plan in place to unlock significant additional value… For per
Slide 8: Key Milestones Delivered
KEY MILESTONES DELIVERED Findi has outperformed its previous market guidance for FY24 EBITDA, through a range of key milestones being delivered. The full year impact of these initiatives is expected to drive further significant increases to revenue, EBITDA and NPAT in FY25... For personal use only F
Slide 9: Significant Market Expansion Opportunity
SIGNIFICANT MARKET EXPANSION OPPORTUNITY Findi is on a pathway to offering a full-service finance hub that leverages its impressive ATM footprint, to scale its digital payments. FindiPay and the ATM business create an ecosystem of complementary financial solutions… For personal use only WHAT WE DO N
Slide 10: FY24 at a Glance
FY24 AT A GLANCE Revenue, EBITDA, NPAT and Operating Cash Flows (OCFs) of $66.5M, $27.4M, $4.0M and $26.7M respectively, materially up on FY23. This success is largely attributable to the sustained growth of the ATM solutions business through delivery of key milestones combined with operational effi
Slide 11: Free Cash Flow Bridge
FREE CASH FLOW BRIDGE Findi delivered EBITDA to Free Cash Flow (FCF) conversion of 51.9% ($14.2M) in FY24. This resulted in Free Cash Flow to Equity (FCFE) of $22.2M, positioning the company to pursue its strategic objectives. Cash on balance sheet is now $106.6M with $37.6M net cash1… For personal
Slide 12: Net Debt / Cash
NET DEBT / CASH As of 31 March 2024, Findi had $106.6M cash reserves, $37.6M cash net of debt, marking a significant increase of ~$58M attributable to FY24 FCF and the Piramal placement of Compulsory Convertible Debentures (CCDs). Management intends to leverage the Company’s strong financial positio
Slide 13: Traditional ATM Business
TRADITIONAL ATM BUSINESS Findi offers bank branded Brown Label ATM services to major banks and back-end services to leading financial institutions, leveraging the country’s cash transaction preference. The newly secured WLA licence establishes a financial ecosystem connecting Findi’s merchant and AT
Slide 14: Digital Growth Segment
DIGITAL GROWTH SEGMENT FindiPay’s merchant acquisition strategy is progressing strongly, surpassing 28,111 merchants in FY24, and targeting 60,000 by the end of FY25. The issuance of the new WLA licence will further expand FindiPay’s reach, by offering co-located ATMs as part of a financial services
Slide 15: Strategic Horizon
STRATEGIC HORIZON Findi is positioned to bolster the evolving digital banking, payments and financial services landscape in India through its WLA strategy and flagship platform, FindiPay. This digitalisation drive aims to capture a greater proportion of the financial services ecosystem, supporting s
Slide 16: Unlocking Value and Liquidity via Potential IPO
UNLOCKING VALUE AND LIQUIDITY VIA POTENTIAL IPO The proposed listing of Findi subsidiary, TSI India on Bombay Stock Exchange (BSE) will provide a liquidity event for Findi’s shareholders through a compulsory sell-down as part of the IPO process… For personal use only IMPLIED MARKET CAPITALISATION &
Slide 17: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Findi’s Board of Directors have been instrumental in strategic planning, forecast development, rebranding and capital management. Working with Findi’s experienced Executive Team, they leverage deep knowledge of the Indian ATM and digital payments landscape to drive inform
Slide 18: Questions
For personal use only QUESTIONS
Slide 19: Appendix 1: Comparable Companies
APPENDIX 1: COMPARABLE COMPANIES ATM SOLUTIONS & DIGITAL BANKING Historic2 Market Enterprise Historic2 Company Ticker Business Description EBITDA Cap Value EBITDA Multiple For personal use only Findi Limited ASX:FND 148 111 27.4 4.0x • Provides technology enabled digital services, including assisted
Slide 20: 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