Butn Limited · ASX:BTN
Butn — Investor Presentation (June 2025)
27 slides from Butn's investor presentation, Jun 17, 2025
Slide 1: Butn Limited Investor Presentation: Positioned for Growth
Butn Limited For personal use only Investor Presentation Positioned for Growth
Slide 2: Agenda
01 Executive summary For personal use only 02 Growth 03 Capital raising 04 Financial overview 05 Summary of Key Risks 06 Appendix - Business overview
Slide 3: Executive summary
For personal use only 01 summary Executive
Slide 4: Introduction to Butn
Overview Introduction to Butn For personal use only • Butn is a leading B2B funding solutions provider to SMEs across Australia; an established and growing platform and over $2.5B+ in SME B2B transactions funded over 9 years • Butn has developed a unique business model that combines technology and s
Slide 5: Key investment highlights
Key investment highlights Leading B2B financing provider to SMEs in Australia For personal use only 1. Leading B2B funding solutions provider to SMEs in Australia 2. Unique business model combining technology and strategic partnerships focused on delivering a compelling value proposition 3. Diverse,
Slide 6: Growth
For personal use only 02 Growth
Slide 7: Established for growth (Pt I)
Established for growth (Pt I) Strong growth opportunities supported by a highly scalable platform For personal use only ORGANIC OPPORTUNITIES UNTAPPED OPPORTUNITIES Increase penetration Cross-selling opportunities • Well positioned to grow portfolio from existing customers and • Leverage existing cu
Slide 8: Established for growth (Pt II)
Established for growth (Pt II) Strong growth opportunities supported by a highly scalable platform For personal use only Diversified future revenue streams:: Q1 26 Launch of “Moneybox” -Butn’s Retail Private Credit Fund -Minimum $10,000 Investment -1 Year Lock-in -Quarterly Distributions -Quarterl
Slide 9: Market size and opportunity
Market size and opportunity Large opportunity in a growing market supported by strong underlying drivers For personal use only • The SME lending market is Increasing number of SMEs operating in Australia1 Growing SME lending market in Australia2 supported by favourable underlying 2% CAGR (business l
Slide 10: Capital Raising
For personal use only 03 Capital Raising
Slide 11: Capital Raising Overview
Capital Raising Overview Butn has received commitments to raise approximately $20 million via a $10 million two-tranche For personal use only institutional placement (Placement) and a $10 million new corporate credit facility (Credit Facility). Equity Capital Raising Overview Credit Facility Overvie
Slide 12: Placement Timetable
Placement Timetable For personal use only Event Date Announcement of successful transaction Monday, 16 June 2025 Settlement of Tranche 1 Placement shares via DvP Friday, 20 June 2025 Allotment of Tranche 1 Placement shares via DvP Monday, 23 June 2025 Extraordinary General Meeting Expected to be Aug
Slide 13: Financial overview
For personal use only 04 overview Financial
Slide 14: Key Metrics Snapshot
Key Metrics Snapshot For personal use only ~0.1% cumulative Greater than $2.5B non-recoverable ~$90m+ book size TTV since inception write-offs since inception Gross yield ~15 to Average book turn Gross margin ~3% 20+% of 65 days Deck 14
Slide 15: Historical performance
Historical performance For personal use only $’000s FY22A FY23A FY24A Commentary Total Originations 274,441 440,558 467,945 • The table opposite presents Butn’s normalised historical financial Total Revenue 5,419 11,854 13,490 performance from FY22 to FY24. Employee expenses (3,892) (4,637) (3,974)
Slide 16: Balance sheet
Balance sheet For personal use only $’000s HY251 Commentary Cash and cash equivalents 16,927 • Strong cash position supporting business growth Trade and other receivables 72,755 Other current assets 207 • Trade receivables are generally settled on terms between 30 and 90 days. Majority of trade debt
Slide 17: Cash flow
Cash flow For personal use only FY22 FY23 FY24 Commentary Normalised EBITDA (2,493) 2,554 4,065 • Historically, the Business has generated positive ‘unlevered’ operating cash Free cash flow flows and has shown a track record of improving profitability Unlevered operating cash flows 1,821 5,346 5,455
Slide 18: Summary of Key Risks
For personal use only 05 Summary of Key Risks
Slide 19: Summary of key risks
Summary of key risks Speculative nature of investment Cybersecurity and data protection For personal use only Any potential investor should be aware that subscribing for new shares involves various The Company collects and holds a significant amount of personal information about its risks. The new s
Slide 20: Appendix – Business Overview
For personal use only 06 Appendix – Business Overview
Slide 21: Corporate Snapshot
Corporate Snapshot Share Price Performance (12 months) ASX Information For personal use only BTN Securities Fully Paid Ordinary Shares 279.3m Share Price Wednesday, 11 June 2025 $0.105m Market Cap Fully Paid Ordinary Shares $29.3m 3.6 M $0.16 Cash Available 31 March 2025 $11.7m 3.2 M $0.14 2.8 M $0.
Slide 22: Butn's capabilities
Butn’s capabilities Focused on SMEs with a flexible and fast in-workflow solution via strategic partners For personal use only TRANSACTIONAL FUNDING TECH ENABLED • Flexible, transparent and attractive to customers – • Proprietary fintech solution efficient way for SMEs to access capital • Digitised
Slide 23: Butn's journey
Butn’s journey Butn is an established platform positioned for accelerated growth For personal use only Butn starts as a small business invoice financier Butn evolves into a fintech, partnership driven business model Fintech solution Partnered with goes live and Jims Group partner transactions Walter
Slide 24: Best-in-class fintech solution
Best-in-class fintech solution Butn has created an efficient platform delivering a compelling value proposition For personal use only Butn earns revenue by charging a funding fee Butn provides transaction funding by on each transaction funded (average 2% - 5%) advancing funds due Customers access un
Slide 25: Leading risk management
Leading risk management Proven track record of industry-low write-offs For personal use only Industry leading credit and risk management enabled by …driving low cumulative write offs technology through automated customer on-boarding, security (including COVID impacted and process monitoring… periods
Slide 26: Butn Board
Butn Board For personal use only Cameron Petricevic Rael Ross Walter Rapoport Chairman, Non-Executive Director. Rael co-founded the Butn Walter co-founded the Butn Cameron is currently a Non-Executive Group and was appointed Group and was appointed Director and Company Secretary of Executive Directo
Slide 27: Further Information
For personal use only Further Information: Rael Ross Founder and Co-CEO E: investors@butn.co