Slide 1: Full Year Results & FY24 Guidance Presentation
For personal use only ASX: FND FULL YEAR RESULTS & FY24 GUIDANCE PRESENTATION MAY 2023
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is authorised for release by its Directors. You must read and accept the conditions in this notice before considering the information set out in or referred to in this Present
Slide 3: Findi provides tailored, scalable payment solutions for a large developing market
FINDI PROVIDES TAILORED, For personal use only SCALABLE PAYMENT SOLUTIONS FOR ONE OF THE WORLD’S LARGEST DEVELOPING MARKETS WITH AN INCREASING FOCUS ON DIGITAL BANKING SERVICES 3
Slide 4: Current Business Overview
CURRENT BUSINESS OVERVIEW Findi provides customised & scalable payments services for one of the world’s largest developing markets whilst being part of the digital banking revolution allowing customers to transact in a fast and flexible way from any location. Findi is seeking to increase the breadth
Slide 5: Corporate Overview
CORPORATE OVERVIEW Findi is an ASX-listed fintech with operations across India, one of the world’s largest directly addressable payments markets. BOARD MEMBERS EXECUTIVE TEAM For personal use only CAPITAL STRUCTURE Nicholas Smedley Mohnish Kumar Non-Executive Chairman Managing Director and CEO Marke
Slide 6: FY23 Results
FY23 RESULTS Findi’s financial results to 31 March 2023 show the excellent performance from the team with the Company having significantly exceeded its forecasts announced to the ASX For personal use only OPERATING REVENUE EBITDA NET PROFIT CASH FLOW A$54.503M A$16.795M A$2.438M A$4.67M Up 34.4%¹ Up
Slide 7: FY24 Earnings Guidance
FY24 EARNINGS GUIDANCE¹ Continued growth expected after the deployment of more than 2,000 ATMs for Central Bank of India For personal use only OPERATING REVENUE EBITDA NET PROFIT CASH FLOW A$67.28M A$23.61M A$3.99M A$19.67M Up 23.4% YoY Up 40.6% YoY Up 64.2% YoY Up 321% YoY ¹ See ASX announcement 24
Slide 8: Findi Announces Dividend Policy
FINDI ANNOUNCES DIVIDEND POLICY For personal use only • Six-monthly dividend to shareholders announced¹ following strong FY23 & expected FY24 results • Cash dividend of up to 30% of after-tax earnings, before significant items • Takes into consideration cash required for strategic initiatives & capi
Slide 9: Central Bank of India (CBI) Rollout on Target
CENTRAL BANK OF INDIA (CBI) ROLLOUT ON TARGET Findi has now advanced deployment past 2,000 ATMs, continuing ahead of expectations For personal use only The remaining ATM locations have now all been approved by CBI, with rollout to be completed by H1 FY24 Transaction trends continue to be strong
Slide 10: State Bank of India Issues Contract Extension
STATE BANK OF INDIA ISSUES CONTRACT EXTENSION State Bank of India (SBI) extends Findi’s contract to 31/12/23 For personal use only SBI extends ATM supply contract with Findi to end of calendar 2023 Findi is well positioned to retain the contract beyond 2023 The contract sees Findi supply 3,912 AT
Slide 11: Existing Key Financial and Operating Highlights
EXISTING KEY FINANCIAL AND OPERATING HIGHLIGHTS Findi has several attractive investment fundamentals which can be leveraged to generate long-term profitable and cash flow generative earnings. This is supported by long-term contracts, including the new five-year agreement with the Central Bank of Ind
Slide 12: 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
Slide 13: Appendix – Timeline
APPENDIX 1 – TIMELINE The Company has rebranded its ATM and digital payments business in India to “Findi” following the recent buyout of its joint venture partner. Established in 2004, Transaction Solutions International Pvt Ltd (TSI India) commenced as an ATM managed services provider before expand
Slide 14: Appendix – Competitive Landscape for ATMs
APPENDIX 2 – COMPETITIVE LANDSCAPE FOR ATMS Findi is one of the top companies within the Indian ATM managed services market and has a diverse product offering… PRODUCT / SERVICE OFFERING For personal use only OPERATOR ATMsEquipment ATM FirstLine ATM Managed White LabelATM Payment E-Surveillance Util
Slide 15: Appendix – Market Opportunity – Financial Services to the Underbanked
APPENDIX 3 – MARKET OPPORTUNITY – FINANCIAL SERVICES TO THE UNDERBANKED Findi is well known and regarded within the Indian payments and banking industry. Findi’s further expansion will be supported by the continued growth in currency in circulation, the number of ATMs across India and cash payments
Slide 16: Appendix – Key Strategic Initiatives
APPENDIX 4 – KEY STRATEGIC INITIATIVES In March 2022, Findi secured a new five-year agreement with the Central Bank of India (CBI) and is planning to apply for a transaction banking licence whilst continuing to develop and commercialise its digital payments solutions which will be a key growth drive
Slide 17: Appendix 5: Reconciliation to Statutory Accounts
APPENDIX 5: RECONCILIATION TO STATUTORYACCOUNTS Reconciliation of Pro Forma Financial Information to Statutory Accounts… For personal use only Profit and Loss Basis of Preparation FY22 FY23 Reported A$000’s • Based on the audited accounts of Findi as Reported Adjustment Pro Forma Actual provided in