Fsa Group Limited · ASX:FSA
Fsa — Shareholder Meeting (November 2024)
20 slides from Fsa's shareholder meeting presentation, Nov 22, 2024
Slide 1: AGM Presentation
FSA Group AGM Presentation 22 November 2024
Slide 2: Overview
Overview
Slide 3: What we do
What we do Direct lender to individuals and businesses What we do FSA Group has helped thousands of Australians for more than 20 years. Our large and experienced team of professionals offer a range of lending products, which we tailor to suit individual circumstances to achieve successful outcomes f
Slide 4: Lending
Lending Offers home loans to assist clients wishing to purchase a Home Loans property or consolidate their debt. Offers secured car loans to assist clients wishing to Car Loans purchase a motor vehicle. Unsecured Offers unsecured personal loans to assist clients for any Personal Loans approved purpo
Slide 5: 2024 Financial Year
2024 Financial Year
Slide 6: Our Achievements
Our Achievements Completed our transition to a lending business • Continued to expand our broker channels. • Further invested in our systems. • Increased and renewed our warehouse facilities. • Increased new origination to $385m, up 23% • Increased our loan pools to $801m, up 25%. FSA Group Ltd AGM
Slide 7: New Origination and Loan Pools
New Origination and Loan Pools FSA Group Ltd AGM presentation 2024 7
Slide 8: Loan Pool Data
Loan Pool Data FSA Group Ltd AGM presentation 2024 8
Slide 9: New Origination and Loan Pools
New Origination and Loan Pools Loan pools increased to $801m, up 25%. Growth came from car loans, up 35%, asset finance up 64%, which are fixed rate loans. % of fixed rate loans increased to 51% in 2024. FSA Group Ltd AGM presentation 2024 9
Slide 10: Arrears and Losses
Arrears and Losses During 2024, arrears were impacted by cost of living pressures and rising rates. We continue to work closely with our clients to ensure we achieved positive outcomes. * Losses are realised losses less recovery. ECL is not reflected in these numbers. ** The asset finance loss of $3
Slide 11: Warehouse Facilities
Warehouse Facilities We have two Australian banks providing warehousing facilities. During the year we increased and renewed our warehouse facilities. As our loan pools grow, we expect to further increase these facilities. Plan to use the debt capital markets, as we did in 2019, to diversify our fun
Slide 12: Operating Income
Operating Income Our net margin %, calculated as the percentage of net finance income to finance income, declined from 74% in 2022 to 47% in 2024, primarily due to the rising cash rate. Since May 2022 the cash rate has increased by 4.25%, which impacted the net margin on these fixed rate loans. The
Slide 13: Profitability
Profitability • Generated a PBT of $12.6m, a 40% decrease compared to 2023. • Our lending business generated a PBT of $14.8m. • Our services business, now classified under “Other”, generated a loss of $2.2m. We placed Services into “hibernation” due to Covid-19. It is expected Services will be profi
Slide 14: Group financials
Group financials FSA Group Ltd AGM presentation 2024 14
Slide 15: Balance Sheet
Balance Sheet Strong financial position Consolidated Entity as at 30 June 2024 2024 2023 $ $ Assets Cash and cash equivalents $5.4m $16.4m Restricted cash $22.4m $20.0m Liquidity: Trade and other receivables $11.6m $14.8m • Loans and advances funded on Loans and advances $801.4m $638.7m balance shee
Slide 16: Strategy
Strategy
Slide 17: Strategy
Strategy FSA Group Ltd AGM presentation 2024 17
Slide 18: Strategy
Strategy FSA Group Ltd AGM presentation 2024 18
Slide 19: Investor Relations Contacts
Investor Relations Contacts Mr. Tim Odillo Maher Ms. Deborah Southon Executive Director Executive Director FSA Group Limited FSA Group Limited Level 13, 1 Oxford Street Level 13, 1 Oxford Street Darlinghurst NSW 2010 Darlinghurst NSW 2010 T: 02 8985 5090 T: 02 8985 5091 F: 02 8985 5310 F: 02 8985 53
Slide 20: Cautionary Statements and Disclaimer Regarding Forward-Looking Information
Cautionary Statements and Disclaimer Regarding Forward-Looking Information This release may contain forward-looking statements, including statements about FSA Group Limited’s (Company) financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typicall