Credit Corp Group Limited · ASX:CCP
Credit — H1 2006 Earnings Presentation
12 slides from Credit's earnings presentation, Feb 28, 2006
Slide 1: cl.
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Slide 2: Performance Overview
Performance Overview Geoffrey Lucas Managing Director Caroline Daniel Chief Financial Officer Credit Corp Group
Slide 3: H1 2006 Key Points
y vv y REVENUE up 49% to $35.9 million EBITDI up 51% ~~ to $23.4 million NPAT up 76% to $6.37 million EPS up 71% to 16.32 cents DIVIDEND up 60% to 8.00 cents Ledger Investment of $43million Strategic geographic expansion Technology upgrade becoming operational » Strengthened Management Team Expandin
Slide 4: Financial Performance
Financial Performance © Revenue/ EBITDi/ NPAT nancial 2006 Hi 2005 H1 40 Performance $M $M Grow 38 Revenue 35.94 24.44 49.04% 30 EBITDE 23.36 18.54 50.64% Pre Tax 4 Earnings 9.42 5.34 76 .AO% een yt NPAT 6.37 3.63 75.55% 5 " Earnings per . share 46.32 9.55 70.89% 2001 2001 2002 2002 2003 2003 2004 2
Slide 5: Cash Flow
Cash Flow Consolidated Cash Flow Statement 31-Dec 31-Dec 2005 2004 Operations $ $ Receipts from customers 36,375,379 23,763,003 Payments to suppliers and employees (12,063,960) (7,633,339) Borrowing costs ( 1,352,962) { 721,779) Income tax paid _ (2,826,781) 1,989,252) N Cash flows from investing ac
Slide 6: Financial Position
Financial Position 34-Dec 30-Jun_ % VAR CURRENT ASSETS Cash 3.63 2.04 18% Receivables / Other 3.51 2.20 59% PBLis 26.21 6.34 60% Total 33.35 20.59 62% NON-CURRENT ASSETS PDLs 53.51 32.15 66% Balance Sheet Trends Property, plant and equipment 147 16 27% #000 Intangibles 2.04 M% Deferred Tax Assets 3%
Slide 7: Expenditure Control
Expenditure Control _ Expenses % of Revenue - Dec 2005 Finance, 4% NPAT, 18% Employee, 21% Tax, 9% | Share based, 2% Collection, 7% Facility, 3% . acly. Imparment, Other, 2% 34% Expenses % of Revenue - Dec 2004 NPAT, 18% Finance, 3% Empioyee, 18% Share Collection, based, 2% 10% Faciiity, 5% ___ mpai
Slide 8: Our People
Our People FUNCTION EXECUTIVE MANAGEMENT F&A, IT, ANALYTICS, COMPLIANCE LEGAL MERCANTILE DEBT PURCHASE PROCESS SERVICE TOTAL Jun-04 Jun-05 Dec-05 VAR 50% -20% 29% 14% -51% 58% 14% 19%
Slide 9: Our People
Our People Credit Corp Group Limited Functional Structure enarent Dhectors Chief Peecutte Ofteer xeon ezlatare chien Favanclae Orme Chet operaiing oriter coporaie 7 Fiat anager es, mnowalon | [Beserat wenagel sanarewenager| ppensrar erage sernces manger] || PR Marsser ‘Cowart: ansiynes ‘anager BLD a
Slide 10: H1 2006 Achievements
H1 2006 Achievements — « Ledger investment moving to approximately $85 million from a prior forecast of $43 million « Substantial New Forward Flow Agreement signed in December « Implementation of sophisticated telephony and dialer technologies to maximize returns immediately upon receipt of ledgers
Slide 11: NPAT Guidance $13.5 million to $14.0 million
NPAT Guidance $13.5 million to $14.0 million Key Assumptions: Maintenance of existing labour centres Organic growth only. No allowance for acquisitions PDLs have economic life of § — 6 years Expanded use of upgraded technology Evolving operational structure Increased focus on Learning and Developmen
Slide 12: Vision & Mission
Vision & Mission OUR VISION To be partner of choice to the premier Australian financial institutions for Receivables Management Services, and for our people and culture to be the aspiration of those with whom we deal. MISSION STATEMENT Credit Corp continuously strives to meet the needs of our custom