Credit Corp Group Limited · ASX:CCP
Credit — FY2025 Earnings Presentation
21 slides from Credit's earnings presentation, Aug 5, 2025
Slide 1: FY2025 Results
5 August 2025 FY2025 Results THOMAS BEREGI MICHAEL EADIE Chief Executive Officer Chief Financial Officer
Slide 2: Leadership across the credit-impaired consumer segment…
Leadership across the credit-impaired consumer segment… Analytics and discipline Operational excellence Responsibility & compliance US DEBT BUYING • Large market opportunity • Significant productive capacity • Low regulator complaint rate TARGET • Diversified purchasing across across several sites L
Slide 3: …has produced a solid recovery in FY25 and a platform for further growth…
…has produced a solid recovery in FY25 and a platform for further growth… • Contraction in AU/NZ debt buying has levelled off NPAT ($m) 120 ↑ 16% 90 60 30 - FY21 FY22 1 FY23 FY24 2 FY25 Core AU/NZ Debt Buying and Collection Services All other segments 1. Statutory NPAT of $100.7 million includes $4.
Slide 4: …with lending and the US driving growth…
…with lending and the US driving growth… FY24 FY25 Var % 1 Australian / NZ debt buying and collection services $231.9m $219.9m (5%) US debt buying (pre-impairment) 1 2 $108.6m $125.9m 14% Australian / NZ lending $179.1m $199.8m 12% Revenue total 1 $519.6m $545.6m 5% Australian / NZ debt buying and c
Slide 5: …and a positive response to market conditions
…and a positive response to market conditions Segment Assessment of current conditions Response US debt buying • Growth in sale volumes moderating as aggregate unsecured credit • Focus on shorter duration, lower balance credit card receivables to and charge-off rates reach peaks 1 mitigate risk • Pr
Slide 6: Continued improvement in US operational performance…
Continued improvement in US operational performance… US Productivity Per Hour (US $) US Collections and Arrangement Book (US $m) 80 350 350 300 60 280 250 40 210 200 150 20 140 100 50 - 70 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 - US legal collections (LHS) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Ma
Slide 7: …has enabled a step-up in investment…
…has enabled a step-up in investment… • Secured a record FY26 pipeline • Diversification of investment • Focus on lower balance credit cards with shorter collection duration US PDL Investment Volumes ($m) Composition of US PDL Investment 250 FY26 US purchasing guidance of $200 - $230 million 10% 13%
Slide 8: Consumer lending volumes have held up despite weakened demand…
Consumer lending volumes have held up despite weakened demand… • Refreshed marketing has helped to drive share Lending Volumes ($m) Consumer Lending Book and Annualised Revenue ($m) 250 500 200 400 150 300 100 200 50 100 - - H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 FY21 FY22 FY23 FY24 FY25 Ne
Slide 9: …with newer products set to sustain book growth
…with newer products set to sustain book growth Segment Status • Marketing channel tests in Q4 FY25 produced strong volumes at an acceptable cost of acquisition • Product economics are achieving targeted returns • Product released from pilot for FY26 • Potential to be a book of $100 - $200 million i
Slide 10: Strong capital position maintained with excess capital of $150 million…
Strong capital position maintained with excess capital of $150 million… • Gearing remains conservative • Capacity to accelerate investment and seize opportunities Cash Facilities ($m) and Gearing (%) 400 40% 300 30% 200 20% 100 10% - - H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 1 Net borrowings
Slide 11: …and guiding for strong investment and profit growth in FY26
…and guiding for strong investment and profit growth in FY26 • Record US investment anticipated with 70 per cent of the midpoint already under contract • Midpoint of the $100 - $110 million NPAT guidance range represents growth of 12 per cent over FY25 FY26 Guidance Ledger investment $280 - $330 mil
Slide 12: Appendices: Key Operating Metrics
APPENDICES: KEY OPERATING METRICS Credit Corp Group FY25 Results Presentation — 12
Slide 13: Appendices: Key Operating Metrics
APPENDICES: KEY OPERATING METRICS APPENDIX 1: Operating cash flow and gearing 14 APPENDIX 2: AU/NZ & US debt buying operational metrics 15 APPENDIX 3: Payers base 16 APPENDIX 4: Productivity 17 APPENDIX 5: Collections life cycle 18 APPENDIX 6: US revolving markets and quarterly charge-off rates 19 A
Slide 14: Appendix 1: Operating cash flow and gearing
Appendix 1: Operating cash flow and gearing Operating cash flow and gearing FY22 FY23 FY24 FY25 PDL collections $535.2m $493.8m $463.7m $478.6m Lending income $93.7m $147.8m $179.1m $199.8m Other income $38.3m $50.3m $92.8m $80.3m Interest expense / income ($4.7m) ($15.6m) ($23.8m) ($32.9m) Operatin
Slide 15: Appendix 2: AU/NZ & US Debt buying operational metrics
Appendix 2: AU/NZ & US Debt buying operational metrics AU/NZ Debt Buying FY25 Δ FY24 Collections $251m (5%) Productivity $316 1% Operations headcount 1 574 (6%) Payers book (face value) 1 $1,255m (5%) US Debt Buying FY25 Δ FY24 2 Collections $228m 12% 2 Productivity $377 28% Operations headcount 1 4
Slide 16: Appendix 3: Payers base
Appendix 3: Payers base Portfolio summary: Debt buying Combined AU/NZ/US Total portfolio Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Face value $11.8b $12.7b $12.8b $12.9b $13.0b $12.8b $13.0b Number of accounts 2,863,000 2,993,000 2,952,000 2,904,000 2,820,000 2,740,000 2,710,000 Payment arran
Slide 17: Appendix 4: Productivity
Appendix 4: Productivity Productivity per Hour (A$) 1 400 Full year Jun-25 average 2 350 FY25: $344 FY24: $303 300 250 200 150 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 12m to Jun-24 12m to Jun-25 1. Combined AU/NZ and US segment productivity 2. Constant currency basis Credit Corp Group FY25 R
Slide 18: Appendix 5: Collections life cycle
Appendix 5: Collections life cycle PDL Collections by Vintage ($m) 1 160 ↑ 2% 2 120 29% 33% 34% 33% 30% 32% 33% 37% 33% 32% 33% 33% 39% 35% 40% 41% 40% 43% 44% 42% 44% 40% 43% 12% 12% 19% 44% 80 18% 13% 19% 14% 20% 15% 15% 15% 15% 13% 18% 16% 14% 17% 17% 25% 17% 16% 20% 17% 16% 17% 17% 15% 18% 18% 1
Slide 19: Appendix 6: US revolving credit and quarterly charge-off rates
Appendix 6: US revolving credit and quarterly charge-off rates US Revolving Credit (U$b) and Quarterly Charge-Off Rates (%) 1,200 5% 1,000 4% 800 3% 600 2% 400 1% 200 - - 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 Q1 Q
Slide 20: Appendix 7: Operational and total headcount
Appendix 7: Operational and total headcount Period End Headcount (FTE) 2,500 Jun-24 Dec-24 Jun-25 2,000 Debt buying operations 1,142 1,082 1,036 Collection services 628 599 579 1,500 Lending 254 263 255 1,000 Support 207 201 195 500 Total 2,231 2,145 2,065 Support % 9% 9% 9% - Jun-24 Dec-24 Jun-25 S
Slide 21: For more information, please contact:
For more information, please contact: Thomas Beregi Chief Executive Officer Tel +612 8651 5777 theregi@creditcorp.com.au Michael Eadie Chief Financial Officer Tel +61 2 86515542 meadie@creditcorp.com.au — Credit Corp Group