Change Financial Ltd · ASX:CCA
Change Financial — Q1 2025 Earnings Presentation
16 slides from Change Financial's earnings presentation, Oct 29, 2024
Slide 1: Q1 FY25 Investor Presentation
For personal use only Q1 FY25 Investor Presentation 29 October 2024
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, new PaySim client signed in SE Asia and new projects secured with existing Record revenue quarter Vertexon On-Premises and PaySim clients driven by increasing Successful go-live for Unity Credit Union in September PaaS revenues US$3.7m 60k+ 6
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 & US 70 as cards migrate to 60k+ cards active 60 Change Unity Credit Union migrated 20k cards in September 50 40 Significant increase in act
Slide 5: Financial Update – Q1 FY25
Financial Update – Q1 FY25 Significant PaaS Q1 FY25 revenue of US$3.7m (A$5.5m¹), up 69% on pcp Revenue by Quarter (US$m) revenue ramp up Record revenue quarter 3.7 underway Growth driven by increasing PaaS revenue 3.0 3.2 Solid base of Support & Maintenance clients 2.3 2.2 2.3 2.4 2.0 2.0 Continuin
Slide 6: 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 7: 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 all target markets – building reference-ability PaaS platform scaling – driving improved operating leverage For person
Slide 8: 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 For personal
Slide 9: Investment Highlights
Investment Highlights With strong Building Blocks Now Entering Growth & Scale Marquee Customers foundations in place, In Place Phase Change is focussed on delivering profitable All regulatory and licensing Targeting to deliver revenue growth in Early validation of PaaS platform with growth requireme
Slide 10: Appendix
For personal use only Appendix
Slide 11: Revenue Drivers Entering FY25
Revenue Drivers Entering FY25 PaaS platform starting Actuals (US$m) Revenue Build (US$m) to scale with volumes 16.0 increasing as cards 14.0 migrate to Change Contracted Recurring Revenue 12.0 For personal use only 10.6 3 5 10.0 1.1 2 8.7 + 4 8.0 3.1 1.3 + 6.0 1.9 1 1.3 4.0 Support & Maintenance Paa
Slide 12: 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 13: 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 14: 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 15: 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 16: Thank you.
For personal use only Thank you. Get in touch investors@changefinancial.com