Change Financial Ltd · ASX:CCA
Change Financial — Q2 FY25 Earnings Presentation
17 slides from Change Financial's earnings presentation, Jan 30, 2025
Slide 1: Q2 FY25 Investor Presentation
For personal use only Q2 FY25 Investor Presentation 30 January 2025
Slide 2: Delivering innovative and scalable payments solutions
Delivering innovative and scalable payments solutions Change leverages innovative and scalable technology to provide tailored payment solutions, card issuing and testing to 150+ Payment solutions banks & fintechs across 40+ countries provider driving Two core products in the banking & payments e
Slide 3: Key Highlights
Key Highlights New Vertexon PaaS client signed in NZ and a number of new projects and licences with existing Vertexon On-Premises and Record H1 revenue PaySim clients driven by increasing H1 FY25 revenue (unaudited) of US$7.2m (A$11.4m), up 61% on pcp PaaS revenues US$3.5m 66k+ 76% For personal
Slide 4: Vertexon PaaS Metrics
Vertexon PaaS Metrics PaaS platform scaling Vertexon PaaS platform fully live and operational in Active Cards (thousands) with volumes increasing Australia & NZ 70 as cards migrate to 66k+ cards active 60 Change Significant increase in active cards & transaction volumes 50 during H1 FY25 40 For pers
Slide 5: Reducing launch timelines and accelerating PaaS Growth
Reducing launch timelines and accelerating PaaS Growth Program launch PLATFORM LIVE IN PLATFORM LIVE IN timelines reducing NEW ZEALAND AUSTRALIA given PaaS platform NZ Fintech (Processing & Issuing) fully live and NZ Fintech PLATFORM BUILD PHASE BIN sponsorship operational (Issuing only) For persona
Slide 6: Financial Update – Q2 FY25
Financial Update – Q2 FY25 PaaS making a Q2 FY25 revenue of US$3.5m (A$5.6m¹), up 53% on pcp Revenue by Quarter (US$m) meaningful contribution Growth driven by increasing PaaS revenue 3.7 3.5 to revenue Solid base of Support & Maintenance clients 3.0 3.2 Continuing to deliver one-off licence sales a
Slide 7: Financial Update – Q2 FY25 (cont.)
Financial Update – Q2 FY25 (cont.) Exiting the US Cash receipts of US$3.7m (A$5.9m¹), up 103% on pcp Cash Receipts by Quarter (US$m) operations will realise Cash payments for operating activities2 of US$3.9m (A$6.2m), 3.7 3.6 3.4 significant cost savings up 25% on pcp primarily driven by transaction
Slide 8: Key Pillars to Drive Success
Key Pillars to Drive Success Four strategic objectives to focus and drive our Objectives Description success in FY25 Engage collaboratively with our Clients and Partners to Accelerate Growth & Scale For personal use only drive shared success and growth Provide outstanding experiences for our Clients
Slide 9: Key Focus to Accelerate Growth & Scale
Key Focus to Accelerate Growth & Scale Building momentum as 1 New Client Acquisition the business starts to Vertexon – new PaaS clients in core target markets scale Platform live in Oceania – building reference-ability on the back of marquee NZ client wins PaaS platform scaling which is driving impr
Slide 10: Outlook
Outlook Change is delivering on FY25 growth and financial targets Positive outlook as Change builds Targeting FY25 revenue growth in excess of 30% - ON TRACK momentum and continues to scale Underpinned by significant portion of ‘recurring’ revenue – PaaS and Support & Maintenance (76% of H1 FY
Slide 11: Investment Highlights
Investment Highlights With strong Building Blocks In Place Growth & Scale Focus Marquee Customers foundations in place, Change is focussed on delivering profitable All regulatory and licensing Targeting to deliver revenue growth in Strong validation of PaaS platform with growth requirements for card
Slide 12: Appendix
For personal use only Appendix
Slide 13: Vertexon in the payments process
Vertexon in the payments process Change’s role in the Processing: An Issuer (Change’s client) using the Vertexon Processing: Customer pays with card (all card networks payments process Platform (technology only) to manage their cards – client is supported) & purchases goods/services from merchant
Slide 14: Vertexon product offering
Vertexon product offering Vertexon offering can Processing Processing & Issuing be tailored by client to • Provide core technology to enable card issuing and • Provide Processing capability + the following key card offer services that best management including: Issuing capabilities: suit client and
Slide 15: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool Software facilitates Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms, processes & scheme rule compliance without the need for Enables financial insti
Slide 16: Disclaimer
Disclaimer Change Financial Important Notice This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness Limited of the information in this document or the accompanying presentation. All
Slide 17: Thank you.
For personal use only Thank you. Get in touch investors@changefinancial.com