Eml Payments Ltd. · ASX:EML
Eml Payments — H1 2025 Earnings Presentation
25 slides from Eml Payments's earnings presentation, Feb 26, 2025
Slide 1: 1HFY25 Investor Presentation
26 February 2025 ASX Market Announcements 20 Bridge Street SYDNEY NSW 2000 1HFY25 INVESTOR PRESENTATION EML Payments Limited (ASX: EML) is pleased to provide investors with the following 1HFY25 Interim results presentation which will be presented at 10:00am AEDT by Executive Chair, Anthony Hynes, an
Slide 2: 1H25 Results Presentation
1H25 Results For personal use only Presentation 26 February 2025 Anthony Hynes. Executive Chair James Georgeson. Group CFO
Slide 3: Disclaimer & Important Notice
Disclaimer & Important Notice This investor presentation has been prepared by EML Payments Limited ABN 93 104 757 904 (EML) and is general background information about EML’s activities current as at the date of this presentation. For personal use only This information is given in summary form and do
Slide 4: 1H25 Overview
For personal use only 1H25 Overview. 3
Slide 5: 1H25 Performance Snapshot
1H25 Performance Snapshot. Continuing operations1 For personal use only 3 Revenue Profitability Cash Total Revenue EBITDA (underlying)2 Cash $115.1m $33.4m $50.6m 15% 50% 17% Customer Revenue STATUTORY NPAT Net Cash Movement $82.3m $9.5m $7.5m 6% from ($4.7m) eps 2.45cps Notes: 1 Continuing operatio
Slide 6: EML 2.0 Progress
EML 2.0 Progress. H1 FY25 Progress For personal use only Global Operating Model Optimising our operating model Global structure deployed + strengthening leadership ELT appointments 90% complete Transforming EML by Revived Revenue Engine Commercial team clustered 10 FTE in BusDev. up from 6 with a fu
Slide 7: 1H25 Financial results
For personal use only 1H25 Financial results. Note: Throughout this presentation, amounts may not sum and change calculations may not equate due to rounding. 6
Slide 8: Key operating performance metrics
Key operating performance metrics. Continuing operations1 For personal use only Profit and loss:2 1H24 to 1H25 — Revenue increased 15% to $115.1m in 1H25, with: A$’m 1H25 1H24 Change — customer revenue up 6% as growth in Europe and Australia Customer revenue 82.3 77.7 ▲ 6% offset softer North Americ
Slide 9: Europe
Europe. Continuing operations For personal use only GDV Financial performance Commentary $3.2bn 1% A$'m 1H25 1H24 Change — Revenue performance up 30% on 1H24, driven by growth in customer revenue and interest. Customer revenue 41.8 37.1 ▲ 13% (1H24: $3.2bn) Interest revenue 26.2 15.3 ▲ 71% — Custome
Slide 10: Asia Pac
Asia Pac. Continuing operations For personal use only GDV Financial performance Commentary $1.7bn 15% A$'m 1H25 1H24 Change — Revenue up 5% reflecting steady customer growth. Customer revenue 21.2 20.0 ▲ 6% — GDV of $1.7bn is 15% lower than 1H24 while revenue (1H24: $2.0bn) Interest revenue 5.6 5.6
Slide 11: North America
North America. Continuing operations For personal use only GDV Financial performance Commentary $7.6bn 16% A$'m 1H25 1H24 Change — Revenue down 7% on 1H24 reflecting lower customer and interest revenue. Customer revenue 19.3 20.6 ▼ (6%) (1H24: $6.5bn) Interest revenue 1.0 1.2 ▼ (11%) — GDV has grown
Slide 12: Underlying overheads net of Cost Recoveries
Underlying overheads net of Cost Recoveries. Continuing operations Underlying overheads net of Cost Recoveries were $53.3m, up 3% on PCP For personal use only — Net overheads of $53.3m increased 3% on pcp and Underlying overheads net of Cost Recoveries: 1H24 to 1H25 ($’m) 10% on the prior half (2H24
Slide 13: Treasury management
Treasury management. Bond contribution to total interest For personal use only Stored float (by currency) at December 2024 Interest income ($’m) 41% $13.6m Other Group (excl PCSIL and Sentenial) USD Bond average term 1.8 years 6% Bond average yield 3.9% 4% 32.8 AUD 22.1 — Interest revenue has increa
Slide 14: Cash flow
Cash flow. Continuing operations Underlying operating cash flow was $14.7m in the period For personal use only EBITDA to Underlying Operating cash flow (A$m) — Underlying EBITDA of $33.4m generated $4.6m net cash 40 from operations. Excluding the impact of one-offs and class 35 6.2 33.4 action costs
Slide 15: 2H25 Outlook & Priorities
For personal use only 2H25 Outlook & Priorities. 14
Slide 16: 2H25 priorities
2H25 priorities. For personal use only Build pipeline and close deals Efficiency Technology People Pipeline to ~$65m June 2025 Embed new global structure Arlo MVP buildout ready for Drive “One EML” cultural and realise efficiencies Q1FY26 reset Build momentum with contract wins Moving to global NPP
Slide 17: Key Takeaways at the half year
Key Takeaways at the half year. For personal use only 1 2 3 4 Leadership settled Momentum in our Balance sheet Financial and ELT in place commercial team is remains in a performance globally to drive building and we are strong position on track to FY25 “One EML” culture energised on a guidance and o
Slide 18: Q&A
For personal use only Q&A. 17
Slide 19: Appendix
For personal use only Appendix. 18
Slide 20: Analyst briefing data: segment profit & loss
Analyst briefing data: segment profit & loss. Segment profit and loss:1 1H25 and 1H24 1H25 1H24 For personal use only Asia North Continuing 1H25 Asia North Continuing 1H24 Europe Pac America Corporate Operations Sentenial Reported Europe Pac America Corporate Operations Sentenial PSCIL Reported Cust
Slide 21: Analyst briefing data: Reconciliation - statutory to management P&L
Analyst briefing data: Reconciliation - statutory to management P&L. 1H25 Management profit and loss: For personal use only Statutory profit and loss Statutory accounts to managements underlying profit and loss A$'m 1H25 1H24 1H25 reconciliation A reconciliation from statutory accounts to Revenue fr
Slide 22: Analyst briefing data: other income & one off adjustments
Analyst briefing data: other income & one off adjustments. Other income – 1H25: Extract from Note A2 of Interim Report Reported in 1H25 Underlying For personal use only A$ 'm Statutory EBITDA Set out opposite is Other income per the statutory accounts, along with Management fee charges 0.5 0.5 reven
Slide 23: Analyst briefing data: stored value
Analyst briefing data: stored value. Stored float and cash summary A$ 'm 1H25 1H24 For personal use only 1 Total Stored Value (including bonds) - AUD 2,507.2 1,897.8 2 Interest revenue 32.8 22.1 Annualised Interest Rate (%) 3 3.7% 2.5% Cash opening 43.1 71.4 Operating activities 4.6 14.6 Investing a
Slide 24: Balance sheet
Balance sheet. Balance sheet1 Cardholder Corporate $A'm Dec-24 Jun-24 Change funds Balances For personal use only Cash and cash equivalents 50.6 43.1 17% 50.6 Contract assets 52.1 51.0 2% 52.1 Intangibles 114.2 163.5 (30%) 114.2 Segregated funds and bonds investments 2,533.2 2,147.9 18% 2,507.2 25.9
Slide 25: Glossary
Glossary. For personal use only Abbreviation Meaning Abbreviation Meaning AASB Australian Accounting Standards Board GPR General Purpose Reloadable AFSL Australian Financial Services Licence Interpath PCSIL Liquidator Arlo Single Global Platform investment MVP Minimum Viable Product D&A Depreciation