Humm Group Limited · ASX:HUM
Humm — Shareholder Meeting (November 2024)
19 slides from Humm's shareholder meeting presentation, Nov 28, 2024
Slide 1: FY24 AGM Chairman and CEO
For personal use only Andrew Abercrombie | Chairman Stuart Grimshaw | CEO 28 November 2024
Slide 2: Disclaimer
FY24 AGM // NOVEMBER 2024 DISCLAIMER No recommendation, offer, invitation or advice Jurisdiction For personal use only This presentation is not a financial product or investment advice or recommendation, offer or invitation by any The distribution of this presentation including in jurisdictions outs
Slide 3: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS 01 Andrew Abercrombie
Slide 4: CEO's Address
For personal use only CEO’S ADDRESS 02 Stuart Grimshaw
Slide 5: Delivered by Strong Half-on-Half Performance
FY24 AGM // NOVEMBER 2024 DELIVERED BY STRONG HALF-ON-HALF PERFORMANCE For personal use only 01 02 03 04 18% loan $13.6m Net interest Credit losses growth in 2H24 margin maintained at delivered cost savings stabilised historic lows $5.0b in delivered in 2H24 of 1.8% receivables at 5.5% 5
Slide 6: Highlights
FY24 AGM // NOVEMBER 2024 FY24 HIGHLIGHTS BALANCE SHEET STRONG NET IMPROVING COST DRIVING SHAREHOLDER GROWTH OPERATING INCOME EFFICIENCY VALUE For personal use only $5.0b 5.5% $13.6m $48.3m 18% increase NIM2 stabilising in 2H24 Costs removed in 2H24 offsetting inflation Cash profit (after tax) remov
Slide 7: Strong Momentum in Flexicommercial
FY24 AGM // NOVEMBER 2024 STRONG MOMENTUM IN FLEXICOMMERCIAL COMMERCIAL AU AND NZ: VOLUMES AND LOANS AND ADVANCES WEIGHTED AVERAGE CREDIT RISK RATING1 3,500 900 Credit worthiness rated from 1 (Highest) to 10 (Lowest) For personal use only 3,000 $820m 850 $761m $773m 800 2,500 $745m 750 2,000 $663m 7
Slide 8: Consumer Business Improving
FY24 AGM // NOVEMBER 2024 CONSUMER BUSINESS IMPROVING CONSUMER NZ CARDS AU HUMM AU For personal use only GROWTH IN RECEIVABLES AND YIELD1 HIGHER PRODUCT YIELD1 EVOLUTION OF THE VOLUME MIX 25.0% 500 20.6% 650 18.6% 19.6% 20.1% 17.9% 21.0% 20.5% 20.0% 630 20.0% 450 20.0% 610 400 15.0% 19.5% 590 350 19
Slide 9: Diversified and Differentiated Funding Platform
FY24 AGM // NOVEMBER 2024 DIVERSIFIED AND DIFFERENTIATED FUNDING PLATFORM UNLOCKS GROWTH RELATIVE TO COMPETITORS STRATEGIC OPPORTUNITY AS PRIVATE CREDIT EXPANDS GLOBALLY For personal use only • Leading global and local banks and investors. Recent growth trajectory Forecast $2.3t • Diversified fundin
Slide 10: Humm Strategy Update
FY24 AGM // NOVEMBER 2024 HUMM STRATEGY UPDATE Our vision is to empower our customers and channel partners to achieve their goals For personal use only sooner and support businesses as they grow. We find ways to say yes quickly. ` Unified strategy Simplifying Modernising and purpose operations techn
Slide 11: FY25+ Growth Drivers
FY24 AGM // NOVEMBER 2024 FY25+ GROWTH DRIVERS COMMERCIAL CONSUMER FLEXICOMMERCIAL CLOSING RECEIVABLES RETURN TO PROFIT IN CONSUMER BUSINESS IN 2H24 For personal use only Continued volume and receivables growth from: - Repositioning the consumer business for growth via: • Expanding offering to repea
Slide 12: Q1FY25 Update
FY24 AGM // NOVEMBER 2024 Q1FY25 UPDATE For personal use only flexicommerical Commercial losses Successful sale Continued Offshore operations continues to grow and arrears of $500m investment in our provide opportunities market share in a performing in line receivables to Consumer platforms for grow
Slide 13: Items of Business
For personal use only ITEMS OF BUSINESS 03 01 | Consideration of Reports 02 | Election of Director, Mr Andrew Darbyshire 03 | Adoption of 2024 Remuneration Report
Slide 14: Item 1. Consideration of Reports
FY24 AGM // NOVEMBER 2024 ITEM 1. For personal use only Consideration of Reports To receive and consider the Company’s Financial Report, Directors’ Report and the Independent Auditor’s Report for the year ended 30 June 2024. 14
Slide 15: Item 2. Election of Director, Mr Andrew Darbyshire
FY24 AGM // NOVEMBER 2024 ITEM 2. For personal use only Election of Director, Mr Andrew Darbyshire To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, Mr Andrew Darbyshire, who was appointed as a Director of the Company on 21 October 2024, and being eli
Slide 16: Item 2. Proxy numbers
FY24 AGM // NOVEMBER 2024 ITEM 2. Election of Director, Mr Andrew Darbyshire For personal use only Proxy numbers For 256,425,593 99.72% Against 328,973 0.13% Open 395,869 0.15% Abstain 43,994 - 16
Slide 17: Item 3. Adoption of Remuneration Report
FY24 AGM // NOVEMBER 2024 ITEM 3. For personal use only Adoption of Remuneration Report To consider and, if thought fit, to pass the following non-binding resolution of the Company: That, for the purposes of section 250R(2) of the Corporations Act 2001 (Cth), the Company’s Remuneration Report for th
Slide 18: Item 3. Proxy numbers
FY24 AGM // NOVEMBER 2024 ITEM 3. Adoption of Remuneration Report For personal use only Proxy numbers For 120,589,822 95.77% Against 408,369 0.32% Open 4,925,532 3.91% Abstain 313,706 - 18
Slide 19: Thank You
For personal use only THANK YOU