Change Financial Ltd · ASX:CCA
Change Financial — Investor Presentation (December 2018)
20 slides from Change Financial's investor presentation, Dec 12, 2018
Slide 1: Investor Presentation
Investor Presentation December 2018 ASX: CCA
Slide 2: Table of Contents
Change Financial Limited Table of Contents 2 Table of Contents Page No. Change Financial Overview & Strategic Update 3 Processor & Enterprise Platform 5 ChimpChange Mobile Banking 10 The Ivy Project 12 Corporate Overview 14 Offer Details & Timetable 16 DECEMBER 2018
Slide 3: Overview
Change Financial Limited Overview 3 is a US-focused, FinTech disrupting the way people, businesses and financial institutions transact through its range of innovative transactional services. Consumer Banking Enterprise Platform Blockchain PROCESSOR High growth consumer bank account Building a PCI (“
Slide 4: Strategic Update
Change Financial Limited Strategic Update 4 Strategic Update • Change Financial recently completed a review of its business. Key outcomes are as follows: 1. Focus on completing the technology build of its enterprise banking platform. This platform will be targeting US banks, credit unions and corpor
Slide 5: Processor & Enterprise Platform
Processor & Enterprise Platform
Slide 6: Enterprise Opportunity
Change Financial Limited Enterprise 6 Opportunity • Large industry – projected US$50 billion industry Cashless society in 2019(1) driving huge growth • Industry growth projected at ~60% per annum to 2025(1,2) • High barriers to entry - less than 30 Mastercard Attractive business certified issuers in
Slide 7: Processor and Enterprise Background
Change Financial Limited Enterprise 7 Processor and Enterprise Background • Change Financial was founded to change the way people move money and interact with their finances on a day to day basis • In early 2015, the Company launched with a consumer bank account offering in the USA (“ChimpChange”) w
Slide 8: Enterprise Progress Update
Change Financial Limited Enterprise 8 Progress Update ✓ ✓ ✓ ✓ Key Mastercard Mastercard Initial PCI Hires Testing Certification Testing Friends and PCI Penetration PCI Full User Family Testing Testing – Q1 Certification Acceptance – Q1 CY2019 CY2019 – Q2 CY2019 Testing – Q2 CY2019 Ready for Customer
Slide 9: Our Technology Benefits
Change Financial Limited Enterprise 9 Our Technology Benefits Microservices Blockchain Global & Cloud Based API Driven Architecture Framework Scalable • Automatically • Superior security & • Intuitive, accessible • Irrefutable audit trail • Ease of application in scalable with manageability structur
Slide 10: ChimpChange Mobile Banking
ChimpChange Mobile Banking
Slide 11: ChimpChange Consumer Banking
Change Financial Limited Consumer Banking 11 ChimpChange Award-winning consumer banking technology • Paperless mobile account opening in 3 minutes • Graphic view of transaction history • Easy savings with automatic round ups • Replacing branches with retail stores • No more standing in line or high
Slide 12: The Ivy Project
The Ivy Project
Slide 13: Overview of Ivy
Change Financial Limited Ivy 13 Overview of Ivy is a cryptocurrency with a significant point of difference and aims to bridge the gap between cryptocurrencies and financial institutions by embedding far more Know Your Customer (KYC) and Know Your Transaction (KYT) information into payments than incu
Slide 14: Corporate Overview
Corporate Overview
Slide 15: Corporate Overview
Change Financial Limited Corporate Overview 15 Corporate Overview CAPITAL STRUCTURE 12 MONTH HISTORICAL SHARE PRICE $1.40 Share Price (ASX: CCA)1 A$0.076 $1.20 Shares on Issue 85,635,819 $1.00 Market Capitalisation2 A$6.5m $0.80 US$4.7m $0.60 1 as at 7 December 2018 (AEST) $0.40 2 based on ASX last
Slide 16: Company Recapitalisation
Change Financial Limited Offer Details 16 Company Recapitalisation Raising capital under a funding package which includes a convertible note and entitlement offer to existing shareholders. The funding package includes: • An entitlement offer to existing Shareholders raising up to A$1 million; and •
Slide 17: Offer Details – Entitlement Offer
Change Financial Limited Offer Details 17 Offer Details – Entitlement Offer Entitlement Offer • Entitlement Offer of 1 new ordinary shares for every 5 shares held to existing shareholders on or before the record date. Raising up to A$1.0 million at an issue price of A$0.06 per share • Issue price re
Slide 18: Offer Details – Altor Capital Facility
Change Financial Limited Offer Details 18 Offer Details – Altor Capital Facility Facility Overview • $2,000,000 with an option at Altor Capital’s election to increase facility by an additional $2,000,000. • Initial term loan (the “Loan”) that will convert into Convertible Notes (the “Notes”) on shar
Slide 19: Indicative Timetable
Change Financial Limited Timetable 19 Indicative Timetable Announcement of Capital Raising 12 December 2018 Drawdown of Altor Capital Facility 14 December 2018 Notice of Meeting Dispatch Date 21 December 2018 Record Date for Entitlement Offer (7:00pm AEDT) 28 December 2018 Entitlement Offer Opens 2
Slide 20: Disclaimer
Change Financial Limited 20 Disclaimer IMPORTANT NOTICE This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. A
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