Beforepay Group Limited · ASX:B4P
Beforepay — Shareholder Meeting (November 2023)
13 slides from Beforepay's shareholder meeting presentation, Nov 22, 2023
Slide 1: Annual General Meeting Presentation ASX Announcement
Beforepay Group Limited ASX ANNOUNCEMENT (ASX: B4P) 22 November 2023 ANNUAL GENERAL MEETING PRESENTATION Beforepay Group Limited (Beforepay or the Company) (ASX: B4P) provides the attached CEO presentation to be delivered to shareholders at the Company’s 2023 Annual General Meeting to be held at Aut
Slide 2: Annual General Meeting
For personal use only Annual General Meeting Beforepay Group Limited 22 November 2023 © Beforepay Group Ltd | All Rights Reserved | 1
Slide 3: Registration and Voting
Registration and Voting For personal use only 1. Log in or register at 2. Click view and register 3. Record your vote. https://investor.automic.com.au/#/home: your attendance for the meeting Once you confirm it is lodged and final To contact support: Call 1300 816 159 or open live chat from the Inve
Slide 4: Online Q&A
Online Q&A For personal use only 1. Click on the Q&A icon 2. Insert your question at the bottom 3. Type your question and ‘I’d like of the screen & press enter to submit. to speak’ if you would like to ask (include your SRN or HIN at the start your question verbally. of your question so that you can
Slide 5: Chair Address
For personal use only 01 Chair Address © Beforepay Group Ltd | All Rights Reserved | ‹#› 4
Slide 6: CEO Update
For personal use only 02 CEO Update © Beforepay Group Ltd | All Rights Reserved | ‹#› 5
Slide 7: FY23 – a transformative year
FY23 – a transformative year For personal use only 1● Revenue more than doubled 2● Unit economics almost doubled 3● Operating expenses down 4 ● Strong balance sheet 5● Two ethical-lending awards 6 ● Extended and expanded funding facility (FY24) 7● Profitable in Q1 FY24 © Beforepay Group Ltd | All Ri
Slide 8: FY2023 Highlights
FY2023 Highlights For personal use only 1.9 % 2.1 % Net Transaction Margin Net Transaction Loss in FY23, in FY23, up from 1.1% in FY22. down from 2.4% in FY22. $1 B $42 Cumulative Pay Advances Average Customer Acquisition Cost surpassed since inception in 2019. in FY23, down 60% from $105 in FY22. $
Slide 9: FY2023 Highlights
FY2023 Highlights For personal use only 35 % ($3.1 % ) Growth in Active Users YoY EBITDA loss in FY23, to 234,034 in FY23. down 84% from ($19.5m) in FY22. $628 M 96 % Pay Advances in FY23, up 92% Customers who have successfully from FY22. repaid their first Pay Advance have since taken out a second
Slide 10: Strong Growth in Net Transaction Margin Along with Tight Cost Control
Strong Growth Operating For personal use only Expenses $12.8m in Net $12.6m down 26% Transaction YoY to $18.7m Net Transaction Margin and $10.6m Margin $ Operating in FY23. Expenses by Half Year $8.1m Along with Tight Cost Control $6.6m $5.1m Net Transaction $3.2m Margin up 229% YoY Note: Certain fi
Slide 11: Declining Trend in Loan Defaults and Transaction Loss
7.4% Declining Trend 7.4% FY22 FY23 For personal use only in Loan Gross and Net 3.1% gross 2.4% net 3.1% gross 2.1% net Transaction Defaults Loss % by Half Year 4.6% Demonstrating Consistent Improvement in Credit Quality 4.6% 3.3% 3.2% 2.9% 3.0% Gross transaction loss % (of pay advances 2.9% inclusi
Slide 12: Our Pathway to Monthly Profitability
Our Pathway to Monthly For personal use only Profitability/ Pay advances Net Transaction Operating per month Margin % Expenses Breakeven Monthly Active Users Revenue % Overheads Pay Advances Net Monthly per AU per Transaction Marketing month Loss Expenses Average Pay Funding Costs Advance Direct Cos
Slide 13: What comes next
What comes next For personal use only 1 2 3 4 Constrain costs Continue growth Continuous Explore and drive towards in Australia improvement of risk additional growth profitability with existing models, product, and opportunities direct-to-consumer customer experience acquisition model © Beforepay Gr
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