Cash Converters International Limited · ASX:CCV
Cash Converters International — Shareholder Meeting (November 2023)
27 slides from Cash Converters International's shareholder meeting presentation, Nov 23, 2023
Slide 1: 2023 CCV AGM Addresses and Presentation
23 November 2023 ASX Announcement (ASX: CCV) 2023 CCV AGM Addresses and Presentation Cash Converters International Limited (ASX: CCV) (“Cash Converters” or “the Company”) will today address shareholders at its Annual General Meeting to be held as a virtual meeting, commencing at 9.30am (WST). Attach
Slide 2: Chairman's AGM Address
ASX Release 23 November 2023 Chairman’s AGM Address The Board and I remain excited and optimistic about the long-term prospects of the Company. Both Board and Management remain focused on positioning the business well for ongoing long-term growth through leveraging our strategic pillars: Customer an
Slide 3: Chairman's AGM Address (continued)
ASX Release 23 November 2023 I would like to thank my fellow Board members for their contributions, and management and their teams for their commitment and work towards the Company strategy and for their continued focus on serving our customers. Finally, I would like to thank our shareholders for th
Slide 4: Managing Director Address
ASX Release 23 November 2023 Managing Director Address Following formal close of Annual General Meeting Thank you, Tim, and good morning fellow Shareholders. I would like to begin by reflecting on our achievements in financial year 2023 and then provide an update on the first quarter of the financia
Slide 5: H2 FY2023 Gross Loan Book Values
ASX Release 23 November 2023 H2 FY2023 Gross Loan Book Values ($m) For personal use only The changing loan book composition reflects the diligent execution of our product transition strategy following significant regulatory change. We have been focused on developing products that reduce borrowing co
Slide 6: Q1 FY2024 Update
ASX Release 23 November 2023 Integration of the New Zealand business into group operations commenced in the second half of FY23 with an initial focus on optimizing the business model to unlock the available efficiencies available between Australia and NZ. Underlying performance is in line with expec
Slide 7: Closing
ASX Release 23 November 2023 been able to offset this financial impact with growth in new products and other non- impacted product lines. The competitive landscape also continues to evolve favourably and we remain focused on taking advantage of our strong position in the market. Closing In summary -
Slide 8: Annual General Meeting (AGM)
For personal use only Annual General Meeting (AGM) Investor Presentation 23 November 2023
Slide 9: Attendees
Attendees Board of Directors Executives Auditors Timothy Jugmans Lisa Stedman Peter Rupp For personal use only Non-executive Chairman Chief Operating Officer Lead Audit Partner – Deloitte Sam Budiselik Jonty Gibbs Nicholas Gordon Managing Director Chief Financial Officer Audit Director - Deloitte Pe
Slide 10: Timothy Jugmans, Non-executive Chairman
For personal use only Timothy Jugmans Non-executive Chairman 3
Slide 11: Procedural Matters
For personal use only 4 Procedural Matters
Slide 12: Voting
Voting For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen To vote, simply select the direction in which you would like to cast your vote. A tick will appear to confirm receipt of your vote. To change or cancel your vote “click here to ch
Slide 13: Questions
Questions For personal use only When the question function is available, the Q&A messaging tab will appear at the top of the screen To submit a question under the Q&A tab, select the topic of your and type your question into the box and press Send If you require assistance before or during the meeti
Slide 14: Verbal Questions
Verbal Questions For personal use only To ask a verbal question, follow the instructions below the broadcast window 7
Slide 15: Business of Meeting
For personal use only 8 Business of Meeting
Slide 16: Financial Report
Financial Report To receive and consider the financial report for the year ended 30 June 2023 and the related directors’ report, directors’ declaration and auditors’ report. For personal use only Note: There is no requirement for Shareholders to approve the financial statements and reports. 2023 Ann
Slide 17: Resolution One – Re-election of Mr Lachlan Given
Resolution One – Re-election of Mr Lachlan Given To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Lachlan Given who retires by rotation under clause 52.1 of the Company’s Constitution, and being eligible, is re-elected as a Director of the
Slide 18: Resolution Two – Re-Election of Mr Robert Hines
Resolution Two – Re-Election of Mr Robert Hines To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Robert Hines who retires by rotation under clause 52.1 of the Company’s Constitution, and being eligible, is re-elected as a Director of the C
Slide 19: Resolution Three – Election of Mr Mark Ashby
Resolution Three – Election of Mr Mark Ashby To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Mark Ashby, retires under clause 51.2 of the Company’s Constitution, and being eligible, is elected as a Director of the Company.” Proxy Results
Slide 20: Resolution Four – Remuneration Report
Resolution Four – Non-binding resolution to adopt the remuneration report To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That the remuneration report of the Company for the financial year ended 30 June 2023 be adopted.” Proxy Results For Against
Slide 21: Resolution Five – Performance Rights to Managing Director
Resolution Five – Approval of grant of performance rights to Managing Director To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That, for the purposes of ASX Listing Rule 10.14 and all other purposes, approval be given for the grant of 4,729,730 p
Slide 22: Meeting Close
For personal use only 15 Meeting Close
Slide 23: Sam Budiselik, Managing Director & Chief Executive Officer
For personal use only Sam Budiselik Managing Director & Chief Executive Officer 16
Slide 24: H2 FY 2023 Gross Loan Book Values $m
H2 FY 2023 Gross Loan Book Values $m PCP 30 Jun 30 Jun 30 Jun 31 Dec 30 Jun Jun 2023 vs Jun 2023 vs 2020 2021 2022 2022 2023 Dec 2022 Jun 2022 For personal use only Loan Book $63.1m $67.6m $75.6m $82.2m $78.0m Small Loan1 3% -5% % Of Total 38% 38% 35% 32% 29% Loan Book $31.7m $49.4m $76.1m $90.9m $1
Slide 25: Key Highlights
Key Highlights FY23 $302.7m $57.2m $20.1m 2c per Revenue Operating EBITDA Operating NPAT share For personal use only Dividend paid for FY23 Up 23% on pcp Up 8% on pcp Up 6% on pcp ($245.9m in FY2022) ($52.7m in FY2022) ($19.0m in FY2022) Follows 2c paid FY22 and FY21 Q1 FY24 $101.4m $278.5m $100.9m
Slide 26: Thank You
For personal use only Thank You
Slide 27: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Cash Converters and its activities current at the date of the presentation. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be
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