Credit Corp Group Limited · ASX:CCP
Credit — Shareholder Meeting (November 2007)
10 slides from Credit's shareholder meeting presentation, Nov 13, 2007
Slide 1: 2007 Annual General Meeting
For personal use only 2007 Annual General Meeting g Presentation by Geoff Lucas, Chief Executive Officer
Slide 2: Our strategy
Our strategy For personal use only • To be the leadingg debt ppurchase company p y in Australia By: – Establishment of a high calibre workforce – Application of our workforce to high quality assets – Superior maintenance of customer relationships – Building and maintaining strong client partnerships
Slide 3: FY07 overview
FY07 overview For personal use only • Strategically g y significant g p period for the company p y • Assessment of market opportunities • Strengthened g leadership p team • Established first class operational facility at Sydney West • Strongg ggrowth across all keyy financial metrics Revenue $134.6m
Slide 4: FY08 earnings revision
FY08 earnings revision For personal use only • Whyy the revision? – Rate of increase in numbers of new staff – Revenue deferred due to extended timeframe to attain expected productivity from expanded workforce – Costs associated with scale of growth – Changed asset mix • Commitment to strategy to su
Slide 5: Workforce expansion
Workforce expansion For personal use only • Unprecedented p g growth rate of operational p headcount in H1 FY08 • Extended timeframe for new workforce to attain full productivity • Associated investment in recruitment, L&D resources and programs p g • Preparation for appropriate increase in operatio
Slide 6: Growth in Australian debt purchase operations
Growth in Australian debt purchase operations For personal use only Australian DP Operations Growth 200 owth >100% Acceleration in Organic Growth Non Organic mployee Gro 150 Organic 100 Annual Em 50 0 FY06 FY07 FY08 (F'cst)
Slide 7: Portfolio
Portfolio For personal use only • FY08 pportfolio pprofile showingg returns more evenlyy delivered over time than previous asset mix • Dynamic asset • $2.1 $2 1 billi billion fface value; l ~350,000 350 000 customers t • Repcol – structured & executed first major j p portfolio resale in Australian m
Slide 8: Australian debt purchase market
Australian debt purchase market For personal use only $400 ons NB : Does not factor strong trend Millio al Deployed in Portfolio Investment towards 'younger' sale or significant movement in write off rates $300 $200 Total Capita $100 Estimated Credit Corp Market Share $0 FY04 FY05 FY06 FY07 FY08
Slide 9: The future
The future For personal use only • Continued revenue ggrowth in FY08 • Greater proportion of earnings in H2 than in previous years • Increased flexibility in operating model • Economic outlook supports mid term sector growth • Management team has the ability to execute on this strategy • Confident i
Slide 10: 2007 Annual General Meeting
For personal use only 2007 Annual General Meeting g
Credit Corp Group — Shareholder Meeting (November 2007) on 6ix