Change Financial Ltd · ASX:CCA
Change Financial — H1 FY23 Earnings Presentation
19 slides from Change Financial's earnings presentation, Feb 28, 2023
Slide 1: Investor Presentation H1 FY23 Half Year Results
For personal use only Investor Presentation H1 FY23 Half Year Results 28 February 2023
Slide 2: H1 FY23 summary
H1 FY23 summary For personal use only Simplifying payment H1 FY23 revenue of US$4.3m (A$6.4m1), up 13.6% on prior corresponding period (pcp) experiences globally to Delivered on Financials PaaS clients expected to drive sustainable revenue growth upon ‘go-live’ be a leading PaaS EBITDA loss of US$(1
Slide 3: Change today: delivering scalable payments solutions
Change today: delivering scalable payments solutions For personal use only Payments solutions provider, driving innovation in the Banking as a Service banking ecosystem Payments as a Service Payment testing Physical & Transaction Digital payments Full payment Visa, Mastercard, ATM & POS virtual card
Slide 4: Vertexon: Payments as a Service (PaaS)
Vertexon: Payments as a Service (PaaS) For personal use only u Lowers the barrier of entry for banks & fintechs to deliver innovative digital card solutions to their customers Vertexon powers card programs globally Processing Processing & Issuing (P&I) Key Product Cloud hosted; platform used to mana
Slide 5: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool For personal use only PaySim facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms & processes without the need for u Enables financial instituti
Slide 6: Global fintech with local expertise
Global fintech with local expertise Our offices / staff Our clients For personal use only Diverse team with local knowledge to support Critical payments our loyal & growing infrastructure Deep client integration client base Athens Los Angeles Santo Domingo Global footprint 156 Clients in 41 countrie
Slide 7: Strategic investment and partnership
Strategic investment and partnership For personal use only Significantly strengthens the Successful Fintech In February 2023, signed a partnership in the form of a Memorandum of Understanding and secured an Company’s financial investment from US-based fintech entrepreneur Michael H. Giles via his in
Slide 8: H1 FY23 Financial Results
For personal use only H1 FY23 Financial Results
Slide 9: Financial Dashboard
Financial Dashboard For personal use only Revenue growth and Revenue (US$m) – H1 vs H2 EBITDA (US$m) – H1 vs H2 realigned cost base $8.3m H1 FY21 FY22 FY23 driving improved H2 $6.3m EBITDA 4.5 (1.1) (1.2) (1.7) +14% 4.2 % +37 3.8 4.3 (1.4) 2.1 (0.8) H1 FY21 FY22 FY23 $(2.6)m $(2.5)m H2 Revenue by Re
Slide 10: Profit & Loss
Profit & Loss For personal use only Profit & Loss Summary Full benefit of realigned (US $000's) H1 FY23 H1 FY22 Var % Key Comments cost base will be Revenue 4,280 3,769 13.6% H1 FY23 revenue of US$4.3m (A$6.4m), up 13.6% on pcp realised in H2 FY23 COGS - - na Gross Profit 4,280 3,769 13.6% Driven by
Slide 11: Vertexon: contract revenue breakdown (indicative only)
Vertexon: contract revenue breakdown (indicative only) For personal use only Example client (prepaid card program) New Model (SaaS) Material revenue uplift Example illustrates an indicative Old Model from transition to SaaS program of 25k prepaid cards. Processing & Revenue Stream (US$) Type Licence
Slide 12: Balance Sheet
Balance Sheet For personal use only Balance Sheet Recent capital raising (US $000's) Dec 22 Jun 22 Key Comments strengthens the Cash & equivalents 2,800 1,501 Cash balance of US$2.8m (A$4.2m) boosted by A$5.72m Company’s financial Receivables 1,394 1,791 (US$3.8m) capital raising in August / Septemb
Slide 13: Cashflow
Cashflow For personal use only Cash Flow Continued investment (US $000's) H1 FY23 H1 FY22 Key Comments in core products to Receipts from customers 4,607 4,308 Strong cash receipts from customers as support and deliver future revenue Payments to suppliers / employees (5,378) (5,762) maintenance is ty
Slide 14: Outlook
For personal use only Outlook
Slide 15: H2 FY23 operational milestones
H2 FY23 operational milestones For personal use only Clear operational roadmap to delivering 1 Business readiness for direct card issuing in Oceania shareholder value Achieve ‘go-live’ of first New Zealand client Complete the establishment of Risk and Compliance operations in Oceania Finalise Master
Slide 16: Vertexon: large global opportunity
Vertexon: large global opportunity For personal use only Large market potential Potential Customer Type Example Customer ANZ¹ US¹ South East Asia¹ LATAM¹ Deal Value (5 yrs) with targeted areas of near-term opportunity BDO Unibank Banks US$1m - $5m 120+ 2,100+ 180+ 400+ (Philippines) Financial instit
Slide 17: H2 FY23 outlook
H2 FY23 outlook For personal use only Upon ‘go-live’ of first Revenue Growth Targeting to deliver double-digit revenue growth in FY23 (H1 FY23 up 14% pcp) NZ client, Change Key drivers of future revenue growth: entitled to a cash Long-standing client base with contracted revenue incentive of US$1.0m
Slide 18: Disclaimer
Disclaimer For personal use only 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 accompany
Slide 19: Thank you.
For personal use only Thank you. Get in touch investors@changefinancial.com