Findi Limited · ASX:FND
Findi — Morgans Conference 2024
19 slides from Findi's conference presentation, Oct 15, 2024
Slide 1: Morgans Conference Presentation
For personal use only Morgans Conference Presentation October 2024 ASX: FND
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is FORWARD-LOOKING STATEMENTS authorised for release by its Directors. You must read and accept the conditions in this notice before This Presentation contains forward looking
Slide 3: Business Overview
BUSINESS OVERVIEW Findi is an ASX-listed fintech that provides customised, flexible, and scalable payment services for one of the world’s largest developing markets, driving India’s digital banking revolution. Findi aims to increase the breadth of its services and become a leading transaction bankin
Slide 4: Investment Themes
INVESTMENT THEMES Findi possesses several compelling investment fundamentals that can be leveraged to drive sustainable & cash flow accretive earnings. Key drivers include growing our ATM portfolio, as well as strategic expansion & innovation within the White Label ATM (WLA), digital payments & bank
Slide 5: Robust Market Opportunity
ROBUST MARKET OPPORTUNITY In a deep Indian market, fuelled by a growing population, a vast group of unbanked individuals, the substantial circulation of cash, and a prevalent preference for cash transactions, Findi is well-positioned to both assist India in achieving its National Mission for Financi
Slide 6: Diversified Operations
DIVERSIFIED OPERATIONS Findi specialises in bespoke ATM deployment & managed services, and digital payments & banking solutions. Our comprehensive offering caters for large financial institutions, small businesses, and individuals seeking fast & secure cash access and digital transactions… For perso
Slide 7: Significant Market Expansion Opportunity
SIGNIFICANT MARKET EXPANSION OPPORTUNITY Findi is on a pathway to offering a full-service finance hub that leverages its impressive ATM footprint, to scale its digital payments. FindiPay and the ATM business create an ecosystem of complementary financial solutions… For personal use only WHAT WE DO N
Slide 8: Strategic Horizon
STRATEGIC HORIZON Findi is positioned to bolster the evolving digital banking, payments and financial services landscape in India through its WLA strategy and flagship platform, FindiPay. This digitalisation drive aims to capture a greater proportion of the financial services ecosystem, supporting s
Slide 9: FY24 at a Glance
FY24 AT A GLANCE In FY24 we delivered Revenue, EBITDA, NPAT and Operating Cash Flows of $66.5M, $27.4M, $4.0M and $26.7M respectively, materially up on FY23. This success is largely attributable to the sustained growth of the ATM solutions business through delivery of key milestones combined with op
Slide 10: Net Debt / Cash
NET DEBT / CASH As of 31 March 2024, Findi had $106.6M cash reserves, $37.6M cash net of debt, marking a significant increase of ~$58M attributable to FY24 FCF and the Piramal placement of Compulsory Convertible Debentures. Management intends to leverage the Company’s strong financial position in FY
Slide 11: Traditional ATM Business
TRADITIONAL ATM BUSINESS Findi offers 3rd party-branded Brown Label ATM services to major banks & back-end services to leading financial institutions, capitalising on India’s preference for cash transactions. The upcoming WLA licence will connect Findi’s merchant & ATM networks, creating a ‘circular
Slide 12: Digital Growth Segment
DIGITAL GROWTH SEGMENT FindiPay’s merchant acquisition strategy is advancing rapidly, surpassing 38,000 merchants in Aug-24, targeting 60,000+ total merchants & expanding into six new Indian States by Mar-25. The new WLA licence will further extend FindiPay’s reach, by offering Findi-branded ATMs as
Slide 13: FY25 Highlights & Investment Objectives
FY25 HIGHLIGHTS & INVESTMENT OBJECTIVES Findi is transitioning into a 12-month investment cycle designed to deliver significant revenue growth, unlock significant shareholder value, and strategically position itself for a successful IPO of TSI India in late 2026... For personal use only KEY HIGHLIGH
Slide 14: FY25 Guidance
FY25 GUIDANCE Following our record financial performance in FY24, we expect continued growth into FY25. This growth would have otherwise been greater, however we are making significant investments in ATM infrastructure and strategic acquisition targets. These are anticipated to fuel materially highe
Slide 15: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Findi’s Board of Directors have been instrumental in strategic planning, forecast development, rebranding and capital management. Working with Findi’s experienced Executive Team, they leverage deep knowledge of the Indian ATM and digital payments landscape to drive inform
Slide 16: Unlocking Value & Liquidity via TSI India's IPO
UNLOCKING VALUE & LIQUIDITY VIA TSI INDIA’S IPO The proposed listing of Findi subsidiary, TSI India on the Bombay Stock Exchange will provide a liquidity event for Findi’s shareholders through a compulsory sell-down as part of the IPO process… For personal use only IMPLIED MARKET CAPITALISATION (MC)
Slide 17: Questions
For personal use only QUESTIONS
Slide 18: Appendix 1: Comparable Companies
APPENDIX 1: COMPARABLE COMPANIES ATM SOLUTIONS & DIGITAL BANKING Historic2 Market Enterprise Historic2 Company1 Ticker Business Description EBITDA Cap Value EBITDA Multiple For personal use only Findi Limited ASX:FND 248 210 27.4 7.7x • Provides technology enabled digital services, including assiste
Slide 19: Contact details
For personal use only E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findi.co