Lesaka Technologies, Inc. · NASDAQ:LSAK
Lesaka Technologies — Q4 2021 Earnings Presentation
17 slides from Lesaka Technologies's earnings presentation
Slide 1: Q4 2021 Investor Presentation
Q4 2021 Investor Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements so long as such information is identified as forward-looking and is accompanied by meaningful cautionary statements identifying important factors that could caus
Slide 3: Defined Terms
Defined Terms Unless specifically noted otherwise within this presentation, the following terms are hereby defined as follows: Constant Currency: We analyze our results of operations both in U.S. dollars, as presented in the consolidated financial statements, and supplementally in ZAR, because ZAR i
Slide 4: Our Vision
Our Vision To Build and Operate the Leading South African Full-Service FinTech Platform Offering Payment Processing and Financial Services to Underserved Merchants and Consumers 4
Slide 5: Our Purpose
Our Purpose To Improve Peoples’ Lives by Bringing Financial Inclusion to South Africa’s Underserved Consumers & Merchants 5
Slide 6: Our Vision for a Full-Service FinTech Platform for South African Merchants & Consumers
Our Vision for a Full-Service FinTech Platform for South African Merchants & Consumers For Consumers Consumer Banking Branch Infrastructure Insurance We Have a Range of Financial ATM Infrastructure Consumer Lending Services Offerings for Consumers… …But We Are Not For Merchants Yet Fully Addressing
Slide 7: We Are Going Full-Steam Ahead on Addressing These Gaps
We Are Going Full-Steam Ahead on Addressing These Gaps…Organically and Through Acquisition B2C B2B Issuing Payments VAS Lending Bill Lending Payment Insurance Cash Management 7
Slide 8: Expansion into MSME & Informal Merchant Services Would Increase Our TAM by ~3x
Expansion into MSME & Informal Merchant Services Would Increase Our Current TAM by ~3x 2 Million ZAR 104bn Current Expansion TAM Merchants MSME & Informal Merchant Services 26 Million ZAR 57bn Core TAM Consumers Financial Services to Underbanked Consumers ZAR 160bn + 8 Sources: South African Reserve
Slide 9: A Market with Enormous Untapped Potential, Champion of Financial Inclusion
…In a Market with Enormous Untapped Potential, We Will Be a Champion of Financial Inclusion 700 k 33% Formal MSMEs Enabled to Accept Payments 1.4 m 2 % Informal MSMEs Enabled to Accept Payments Massive Opportunity to Expand Our TAM 9 Sources: IFC, Genesis Analytics, Proprietary Estimates
Slide 10: Our New Executive Directors
Our New Executive Directors Chris Meyer Lincoln Mali Alex Smith Group CEO CEO – Southern Africa Chief Financial Officer 10
Slide 11: Our New Board of Directors
Our New Board of Directors Kuben Pillay – Chairman Antony C. Ball Ian Greenstreet Ali Mazanderani South Africa South Africa United Kingdom United Kingdom (appointed 2021) (appointed 2020) (appointed 2020) (appointed 2020) Nonkululeko Gobodo Monde Nkosi Javed Hamid Ekta Singh-Bushell South Africa Sou
Slide 12: Our New Management Team
Our New Management Team Lesego Chauke Motshwane Yasvanth Singh Patience Rolls Logan Naidoo Andrew Wilmot Head: Financial Services Chief Information Officer Head: Cash & ATM Head: Business Operations Head: Payments 12
Slide 13: Our New Provincial Team
Our New Provincial Team Brenda Magana Lebogang Nyokong Lizzy Mogale Tabile Sovita Provincial Head : GP & NW Provincial Head : WC & NC Provincial Head : Limpopo Provincial Head : EC North Divyesh Maharaj Mookgo Madia Cassim Ismail Marley Karrim Provincial Head: KZN Provincial Head : Free State Provin
Slide 14: Q4 2021 Financial Performance
Q4 2021 Financial Performance Q4 2021 Q4 2020 Q3 2021 ($ Millions) Revenue 35 25 29 % change USD 40% 21% % change Const. FX 15% 14% Adjusted EBITDA (8) (12) (13) % change USD (33%) (38%) EBITDA Margin (%) (23%) (48%) (45%) Fundamental Net Income* (10) (12) (14) % change USD (17%) (29%) % change Cons
Slide 15: Q4 2021 Balance Sheet Overview
Q4 2021 Balance Sheet Overview USD (Millions) Jun 30, 2021 June 30, 2020 Net Cash(1) $ 210 $ 218 Investments and Equity Accounted Investments $ 86 $ 93 Total Assets $ 428 $ 454 Total Equity and Redeemable Common Stock $ 361 $ 375 Total Debt(2) $ 14 $ 15 Book Value / Share $ 6.36 $ 6.63 Net Cash / Sh
Slide 16: Annexure A Recon of Non-GAAP Measures
Annexure A Recon of Non-GAAP Measures Three months ended Jun-21 Jun-20 $ '000 EPS, basic $ '000 EPS, basic Fundamental net loss (Non-GAAP) (10,159) (0.18) (11,975) (0.21) Change in fair value of equity securities, net 18,456 - Allowance for doubtful EMI loans receivable (4,000) (316) Impairment of e
Slide 17: Thank You
Thank You 17