Slide 1: 1H FY25 Results Presentation
Earlypay For personal use only 1H FY25 Results Presentation 25 February 2025 CEO James Beeson CFO / COO Paul Murray
Slide 2: Our Vision and Market Opportunity
Our Vision Market Opportunity To be the first-choice invoice For personal use only finance provider to Australian 2.6m 1m 100K SMEs 1 B2B Addressable Market 3 SMEs. SMEs 2 SME Invoice Finance Market 3 Service & Product Technology 5k SMEs $2.5bn FIU Expertise Innovation Innovation Supported by a spec
Slide 3: 1H25 Financial Summary
1H25 Financial Summary Loan growth returning during the half For personal use only $255m $17.1m 4.7% 13.3% Ave., Funds in Use Net Revenue Net Interest Margin Net Revenue margin ↓15↓9% pcp1% pcp ↓5% pcp ↓ 2% pcp ↑5% pcp FIU growth resumed in 1H25 74.2% $2.6m 1.0 cps ~3.0 cps U’lying Cost to Income2 U
Slide 4: 1H25 Statutory Results
1H FY25 Results Presentation For personal use only 1H25 Statutory Results
Slide 5: 1H25 Summary – Reported P&L
1H25 Summary – Reported P&L Growth in IF and EF resuming, TF FIU reducing to comfortable levels Business is well positioned to deliver operating leverage as loan book grows Profit and Loss ($m) H1'24 H1'25 For personal use only 30 June Y/E Reported Reported Δ pcp 1• Average FIU growth resumed in 1H’
Slide 6: Product Segment: Invoice & Trade Finance
Product Segment: Invoice & Trade Finance Lower TF exposure offsetting FIU growth in IF; margin improvement underpinning future profitability IF & Trade Reporting ($m) H1'24 H1'25 Δ pcp 1• Despite lower FIU, benefits delivered from lower cost warehouse funding and For personal use only Key Metrics di
Slide 7: Product Segment: Equipment Finance (EF)
Product Segment: Equipment Finance (EF) Originations accelerating within well controlled underwriting and funding parameters EF Reporting ($m) H1'24 H1'25 Δ pcp •1 Strong origination growth in H1’25; originations in past 6 months higher For personal use only Key Metrics than prior 12 months Period e
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Balance Sheet continues to strengthen. NTA of $40.9m with significant equity buffer in warehouses Balance Sheet ($m) 30-Jun-24 31-Dec-24 Δ pcp 1• Cash position of $32.9m as of 31 December 2024 For personal use only Cash and cash equivalents 40.1 32.9 1 (18%) 1 – $13.3m cor
Slide 9: Strategy & Growth
1H FY25 Results Presentation For personal use only Strategy & Growth
Slide 10: Earlypay Growth
Earlypay Growth Augmenting traditional distribution channels and enhancing the proposition Traditional Channels New Channels For personal use only 100% of FY24 distribution 0% of FY24 distribution >95% of YTD FY25 distribution <5% of YTD FY25 distribution • Referrers: Commercial Finance Brokers, Ins
Slide 11: Portfolio Positioning
Portfolio Positioning Proactive risk management. Strong foundation for sustainable growth. For personal use only Product Mix Client Concentration • TF: targeted reduction in Trade Finance (Dec-23: • Diversification of portfolio continues $29m to Dec-24: $10m) – No single exposure greater than $10m •
Slide 12: Funding for Growth
Funding for Growth Institutional warehouse funding in place; highly scalable with growth; operationally efficient with minimal equity contributi on Invoice and Trade Finance Warehouse For personal use only Structure Facility Size Cost of Funds • Senior funding provided by Tier 1 Australian bank Invo
Slide 13: Capital Management & Outlook
1H FY25 Results Presentation For personal use only Capital Management & Outlook
Slide 14: Capital Management
Capital Management Ongoing commitment to enhancing shareholder value Capital Management Date Capital Management Initiative Amount For personal use only • Over $25m of capital released via refinancing of funding structures and Acquisitions reduction in balance sheet funded receivables and deployed in
Slide 15: Outlook and Earnings per Share
Outlook Earnings per Share (EPS) Continued momentum in FIU growth Reaffirming FY25 Underlying EPS For personal use only with operating leverage to support expected to be 2.2 cents per share EPS growth (cps)1 Strategic Initiatives Update • Earlypay continues to explore strategic initiatives and is in
Slide 16: Disclaimer
Disclaimer This presentation (”this Presentation”) has been prepared by Earlypay Limited [ACN 098 952 277] (“EPY” or the “Company”) and is dated 25 February 2025. Summary information This presentation contains summary information about the current activities of EPY as at the date of this Presentatio
Slide 17: Investor enquiries
For personal use only Investor enquiries James Beeson Managing Director & CEO, Earlypay 1300 760 205 James.beeson@earlypay.com.au