Slide 1: QuickFee Limited 2019 Annual General Meeting
QuickFee Limited 2019 Annual General Meeting 28 November 2019
Slide 2: Welcome and introductions
Welcome and introductions Chairman’s address CEO’s address Formal business of the Meeting Refreshments 2
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Barry Lewin 3
Slide 4: CEO's Address
CEO’S ADDRESS Bruce Coombes 4
Slide 5: Borrower Satisfaction
90% 92% | 69% of users found that OF eae Fou e of business users accounting and law QuickFee payment selected monthly firms offering _ plan application very payments to help Payment plans is or extremely easy with their cashflow very important BORROWER SATISFACTION
Slide 6: What clients have to say about QuickFee
What clients have to say about QuickFee 6
Slide 7: What clients have to say about QuickFee
What clients have to say about QuickFee “We knew we needed a level of accounting advice we couldn’t afford whilst also investing in the product development itself; QuickFee meant we could set up the business foundations the right way because it helped us spread the cost.” “It allowed us to deal with
Slide 8: How likely would you be to recommend QuickFee
How likely would you be to recommend QuickFee to other Accounting firms & Law firms? Australia United States 54 80 52 70 50 60 50 48 40 46 30 44 20 42 10 40 0 Likely Very Likely Likely Very Likely 2018 2019 2018 2019 8
Slide 9: FY19 Highlights
FY19 Highlights A year of strong growth for QuickFee • Achieved significant growth in lending to clients of professional firms Australia reached a record of $42 million of lending, up 15% on prior year US hit a record high of US$8 million of lending, up 70% on prior year • Strong growth in the n
Slide 10: US 12 months progress
US 12 months progress 15 November 2018 15 November 2019 180 firms 315 firms 37% have done more than one loan 40% have done more than one loan Loan book - USD2.3m Loan book – USD4.3m USD8.2m lent USD17.8m lent¹ 1. More lent in last 12 months than entire period from commencement to 15 November 2018 10
Slide 11: Australia progress
Australia progress • Continued growth building on $42m lending in FY19 AU Lending (A$m) • AUD12.5 lent to 15 Nov 19 42.6 • Competitive market 23.8 36.9 19.6 • Firms demanding increased sophistication and automation AU lending book AU lending FY18 FY19 11
Slide 12: FY19 Financial Overview
FY19 Financial Overview Growth achieved across key metrics Total lending book at 30 June (A$m) Revenue ($m) (AUS + US) 30.3 5.8 22.8 1.5 FY18¹ FY19 FY18 FY19 Total lending (A$m) Total firms (AUS + US) (AUS + US) 852 54.4 626 40.6 FY18 FY19 FY18 FY19 1. Period from 15 February – 30 June 2018 * USD/AU
Slide 13: QuickFee growth strategy
QuickFee growth strategy Capitalising on our first mover advantage in the US and consolidating our significant Australian market position Build on the profitable operating history and significant market position in Australia Take advantage of the largely untapped growth opportunity identified in the
Slide 14: Outlook
Outlook Well positioned for strong growth in FY20 Key priorities for FY20 • Continue to grow loan book in Australia and US; strong start to FY20 Growth in lending in Australia – up 17% for Q1 FY20 (vs Q1 FY19) Substantial growth in lending in the US – up 77% for Q1 FY20 (vs Q1 FY19) This will
Slide 15: US Team
US Team Richard Formoe Chief Revenue Officer Damien Kennedy Director of New Partnerships and Channel Sales Business Development Account Management Nick Hellman Kenneth Horne Julie Wilton Grahm Goldstein Dustin Mena Laura Balsarini Clarissa Gouveia Sr. Business Sr. Business Sr. Business Sr. Business
Slide 16: Meeting Formalities
MEETING FORMALITIES Barry Lewin 16
Slide 17: Meeting Formalities: Financial Statements and Reports
Meeting Formalities Item 1: Financial Statements and Reports “To receive and consider the annual financial report of the Company for the financial year ended 30 June 2019 together with the declaration of the Directors, the Director’s report, the Remuneration Report and the auditor’s report.” 17
Slide 18: Resolution – Adoption of Remuneration Report
Meeting Formalities Item 2: Resolution 1 – Adoption of Remuneration Report “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financ
Slide 19: Resolution – Adoption of Remuneration Report: Proxy results
Meeting Formalities Item 2: Resolution 1 – Adoption of Remuneration Report Proxy results For Against Open Total Abstain 51,369,984 427,317 794,654 52,591,865 223,092 97.7 % 0.8% 1.5% 100% 19
Slide 20: Resolution – Election of director – Barry Lewin
Meeting Formalities Item 3: Resolution 2 – Election of director – Barry Lewin “That, for the purpose of clause 14.4 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Barry Lewin, a Director who was appointed as an additional Director on 1 May 2019, retires, and being eligible, i
Slide 21: Election of director – Barry Lewin: Proxy results
Meeting Formalities Item 3: Resolution 2 – Election of director – Barry Lewin Proxy results For Against Open Total Abstain 54,342,563 31,118 768,429 55,142,110 275,123 98.5% 0.1% 1.4% 100% 21
Slide 22: Resolution – Re-election of director – Dale Smorgon
Meeting Formalities Item 4: Resolution 3 – Re-election of director – Dale Smorgon “That, for the purpose of clause 14.2 of the Constitution, ASX Listing Rule 14.5 and for all other purposes, Dale Smorgon, a Director, retires by rotation, and being eligible, is re-elected as a Director.” 22
Slide 23: Re-election of director – Dale Smorgon: Proxy results
Meeting Formalities Item 4: Resolution 3 – Re-election of director – Dale Smorgon Proxy results For Against Open Total Abstain 54,371,359 24,210 746,541 55,142,110 275,123 98.61% 0.04% 1.35% 100% 23
Slide 24: Resolution – Approval of 10% Placement capacity
Meeting Formalities Item 5: Resolution 4 – Approval of 10% Placement capacity “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of is
Slide 25: Approval of 10% Placement capacity: Proxy results
Meeting Formalities Item 5: Resolution 4 – Approval of 10% Placement capacity Proxy results For Against Open Total Abstain 46,508,622 7,986,109 744,841 55,228,572 188,661 84.21% 14.46% 1.33% 100% 25
Slide 26: Resolution – Replacement of Constitution
Meeting Formalities Item 6: Resolution 5 – Replacement of Constitution “That, for the purposes of section 136(2) of the Corporations Act and for all other purposes, approval is given for the Company to repeal its existing Constitution and adopt a new constitution in its place in the form as signed b
Slide 27: Replacement of Constitution: Proxy results
Meeting Formalities Item 6: Resolution 5 – Replacement of Constitution Proxy results For Against Open Total Abstain 53,977,772 172,373 775,810 54,925,955 491,278 98.28% 0.31% 1.41% 100% 27
Slide 28: Contact Details
Contact Details: Bruce Coombes, CEO P: +61 418 286 842 E: bruce@quickfee.com.au 28
Slide 29: Disclaimer
Disclaimer The material contained in this document is a presentation of general information about QuickFee Limited activities current as at the date of this presentation (27 August 2019) and is supplementary to the Group’s financial results released to the ASX on 27 August 2019 and previous ASX fili