Pioneer Credit Ltd · ASX:PNC
Pioneer Credit — FY2025 Earnings Presentation
22 slides from Pioneer Credit's earnings presentation, Aug 27, 2025
Slide 1: FY2025 Results Presentation
FY2025 Results Presentation Keith John Barry Hartnett Managing Director Chief Financial Officer 27 AUGUST 2025
Slide 2: Important Notice: Disclaimer
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 Important Notice: Disclaimer This presentation has been prepared by Pioneer Credit Limited (“Pioneer” or the “Company”). Disclaimer: This presentation contains information about Pioneer’s activities as at the date of the presentation, is in summary form
Slide 3: Agenda
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 AGENDA 1. HIGHLIGHTS 2. FINANCIAL PERFORMANCE 3. ABOUT US 4. FY26 GUIDANCE 5. APPENDIX 3
Slide 4: FY25 Highlights
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 FY25 HIGHLIGHTS • Pioneer secured improved terms with vendors, resulting in a meaningful discount on the price of forward flow agreement renewals • Net Profit after Taxation1 of $10.5m beating guidance by 17% • ~$8m annualised pre-tax financing saving fr
Slide 5: Performance Highlights
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 PERFORMANCE HIGHLIGHTS CASH COLLECTIONS EBITDA EBIT NPAT2 $142.2m $94.0m $41.3m $10.5m FY24: $140.5m1 FY24: $88.7m FY24: $6.7m FY24: $1.2m ▲1% ▲6% ▲517% ▲805% $140m $142m $94m $10m $86m $89m $41m $133m $0m $1m $107m $31m $95m $61m $54m $9m $7m ($20m) $3m
Slide 6: Portfolio Highlights
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 PORTFOLIO HIGHLIGHTS PDP INVESTMENT PA PORTFOLIO ERC PDP ASSET $69.1m $419.1m $701.7m $343.0m FY24: $93.7m FY24: $440.9m FY24: $641.7m FY24: $322.9m ⯆ 26% ⯆ 5% ▲9% ▲6% $99m $702m $94m $464m $457m $343m $441m $642m $323m $419m $377m $572m $568m $296m $304
Slide 7: Financial Performance
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 FINANCIAL PERFORMANCE 7
Slide 8: Income Statement
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 INCOME STATEMENT FY25 1 PROFIT OR LOSS ($’M) FY24 Predominantly Cash Collections from accounts with no carrying value Interest income at amortised cost 83.6 88.3 1 2 Net impairment gain/(loss) (17.8) 4.8 Employee expenses down with improved productivity
Slide 9: Balance Sheet
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 BALANCE SHEET BALANCE SHEET ($’M) FY24 FY25 Commentary Cash and cash equivalents 4.1 3.6 Cash at 25 August is $5.9m Trade and other receivables 4.3 7.2 1 1 PDP assets at amortised cost 322.9 343.0 PDP assets up $20.1m reflecting disciplined investment in
Slide 10: About Pioneer Credit
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 ABOUT PIONEER CREDIT 10
Slide 11: About Us
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 ABOUT US Ethical debt recovery, underpinned by an industry leading We provide flexible solutions compliance record We tailor solutions to help our customers address their account in a way that suits their needs • Pioneer Credit (ASX: PNC) is a leading Au
Slide 12: PDP Investment
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 PDP INVESTMENT Pioneer is a preferred partner of the big four banks, and the only debt purchaser in Australia with agreements in place with all four PDP Investment by FY 22 21 PDP Investment Mix: By Product Type 17 18 14 13 12 11 Pioneer’s focus remains
Slide 13: ERC and Returns
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 ERC AND RETURNS Pioneer’s reputation and exposure to Big Four Banks is increasing its moat Estimated Remaining Collections (ERC): By Product Type Underwriting ROI vs. Total ROI Newer vintages are forecast to outperform due 4.2x to Pioneer’s ability to le
Slide 14: Collections Performance
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 COLLECTIONS PERFORMANCE Widening delta between cumulative cash collections and investments reflects underwriting discipline and strong operational performance Collections by Vintage Cumulative Collections vs. Cumulative Investments ($m) Pioneer continues
Slide 15: Shareholder Alignment
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 SHAREHOLDER ALIGNMENT Management who are strongly shareholder aligned and incentivised to deliver long-term sustainable growth SHAREHOLDER # SHARES % HOLDING Keith John Entities 17.2m 11% Long Term Incentive Plan ('LTI') • No Executive or Leadership Team
Slide 16: FY26 Guidance
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 FY26 GUIDANCE 16
Slide 17: FY26 Guidance: Stat. NPAT >$18m
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 FY26 GUIDANCE Stat. NPAT >$18m 17
Slide 18: Appendix
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 APPENDIX 18
Slide 19: Board of Directors and Executive
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 BOARD OF DIRECTORS AND EXECUTIVE NON-EXECUTIVE DIRECTORS EXECUTIVE Steve Targett (Non-Executive Chairman) Keith John (Managing Director) • Formerly CEO RACQ Bank, ANZ Japan and Europe, Chair • Founder of Pioneer Credit P&N Bank and NED at Clydesdale Bank
Slide 20: Investment Lifecycle
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 INVESTMENT LIFECYCLE Individual customer account example, showing consistent cashflows and returns beyond investment 1 2 3 Investment Lifecycle : Account Level Cashflow Cycle Purchased customer account Pioneer began to locate the Customer adjusts repayme
Slide 21: Customer Outcomes
FY2025 RESULTS PRESENTATION // 27 AUGUST 2025 CUSTOMER OUTCOMES Net Promoter Score (NPS) evaluates Pioneers customer’s experience at all points in their journey NPS Measuring Customer Experience Pioneer’s Big 4 Bank NPS 160 70 +20 60 (33) +13 +26 +32 140 120 50 First New Ongoing Settled +31 40 Conta
Slide 22: Oionee
Oionee cer