Pepper Money Ltd · ASX:PPM
Pepper Money — Shareholder Meeting (April 2022)
41 slides from Pepper Money's shareholder meeting presentation, Apr 28, 2022
Slide 1: ASX Announcement: AGM Address and Presentation
ASX Announcement 28 April 2022 For personal use only Pepper Money (ASX:PPM) Pepper Money Limited Annual General Meeting - Address and Presentation Attached are the following documents to be presented at the Company's Annual General Meeting being held today: • Address from the Chair, Mr Michael Culha
Slide 2: Chair Address and Chief Executive Officer's Update
For personal use only ASX Release 28 April 2022 Pepper Money Limited Chair Address And Chief Executive Officer’s Update Annual General Meeting Thursday 28 April 2022, at 2.00pm 1
Slide 3: Chair's Address to Shareholders
CHAIR’S ADDRESS TO SHAREHOLDERS It is my pleasure to speak to you today about the achievements of Pepper Money in calendar year 2021. Despite the challenging circumstances of the past 18 months, our team has delivered strong results in our first-year listing on the ASX. For personal use only Pepper
Slide 4: Chair's Address (continued): ESG and diversity
Our Green Bond program, our market leading position in Pepper Money Electric Vehicle lending, and our community out-reach programs which we support via our Pepper Giving initiative are just part of the way that we seek to have a positive impact on our key stakeholders and the environment. Diversity
Slide 5: CEO Update: Mario Rehayem
CEO UPDATE: MARIO REHAYEM Thank you, Mike and good afternoon to everyone joining us today. I would also like to acknowledge the Traditional Owners of the lands from where we are joining this webcast today, and pay my respects to Elders past, present and emerging. It is hard to believe that the busin
Slide 6: CEO Update (continued): AUM and income
o Asset Finance growth outpaced the market with 8.2 times system growth in the second half of calendar year 2021 following systems growth of 4.3 times in the first half. • This above systems growth saw us close calendar year 2021 with Lending AUM of $15.8 billion. o Mortgages increased +15% to $12.3
Slide 7: CEO Update (continued): Near Prime Clear and digital
Our commitment to creating financial inclusion, by challenging the way loans are designed and distributed, saw us launch our new Mortgage solution: Near Prime Clear - which offers a competitive price point and greater flexibility for a growing customer segment with a generally clean credit history,
Slide 8: Q1 2022 momentum and Stratton Finance acquisition
Before closing out with an overview of the Stratton Finance acquisition, I am proud to present our record start to calendar year 2022, the strong momentum generated in Q4 2021 has continued: • total Applications at $4.3 billion for Q1 2022 grew 35% on PCP and 53% on Q1 2020, with Mortgages growing 2
Slide 9: Pepper Money Limited Annual General Meeting April 2022
For personal use only Pepper Money Limited Annual General Meetings 28 APRIL 2022 Copyright 2022 Pepper Money Limited. Confidential.
Slide 10: Acknowledgement of Country
A N N U A L G E N E R A L M E E T I N G Pepper Money Limited For personal use only We acknowledge the traditional custodians of the land on which we meet today, the Gadigal people of the Eora Nation. We pay our respects to each of their Elders, past, present, and emerging. JOHN WILLIAMS General Coun
Slide 11: Chairs Address
A N N U A L G E N E R A L M E E T I N G Chairs Address For personal use only O N L I N E P L AT F O R M G U I D E www.pepper.com.au/investors/shareholders O N L I N E P L AT F O R M S U P P O R T +61 2 9290 9600, or 1300 737 760 O N L I N E P L AT F O R M U S E R G U I D E To view/listen to proceedi
Slide 12: CEO Update
A N N U A L G E N E R A L M E E T I N G CEO Update For personal use only O N L I N E P L AT F O R M G U I D E www.pepper.com.au/investors/shareholders O N L I N E P L AT F O R M S U P P O R T +61 2 9290 9600, or 1300 737 760 O N L I N E P L AT F O R M U S E R G U I D E To view/listen to proceedings
Slide 13: CY2021 Highlights
A N N U A L G E N E R A L M E E T I N G CY2021 Highlights CEO Update Record results Record NPAT Funding – supporting growth For personal use only LISTED 25 MAY 2021 AUM Pro-forma Funding capacity Pepper Money is one of Australia and New Zealand’s $17.0bn $141.9m $9.9bn Investing in largest non-bank
Slide 14: CEO Update: Quarter 1 CY2022 Highlights
A N N U A L G E N E R A L M E E T I N G CEO Update C U S T O M E R For personal use only Originations of $2.6bn Lending AUM of $16.8bn Near Prime Clear: launched Up 60% on PCP¹ Up 24% on PCP Fixed Rate: launching Q2 BUSINESS EASY TO DO BUSINESS WITH Mortgages Asset Finance Customer Operations Automa
Slide 15: Strong growth over Q1 CY2022
A N N U A L G E N E R A L M E E T I N G Pepper Money has continued to deliver CEO Update strong growth over Q1 CY2022 For personal use only T O TAL L E N D I N G Applications¹ ² ($bn) Originations² ($bn) AUM² ($bn) Q1 Q1 Q1 1.2 18.0 1.8 $16.8bn $4.3bn 1.6 1.0 $2.6bn 16.0 1.4 $3.2bn 0.8 $13.6bn 1.2 1
Slide 16: Pepper Money & Stratton Opportunity Summary
A N N U A L G E N E R A L M E E T I N G Pepper Money & Stratton CEO Update Opportunity summary For personal use only DIRECT TO PRODUCT & CONSUMER I N N O VAT I O N • Stratton gives Pepper Money • Increase insights into what customers the insights of D2C in scale want and need in asset finance • Stra
Slide 17: Pepper Money Limited Board
A N N U A L G E N E R A L M E E T I N G Formal Business Pepper Money Limited Board For personal use only Des O’Shea Mike Cutter Michael Culhane Justine Turnbull Akiko Jackson Mario Rehayem Rob Verlander Non Executive Independent Non Chair & Shareholder Independent Non Independent Non Chief Executive
Slide 18: Agenda Item 1: Company Financial Report
A N N U A L G E N E R A L M E E T I N G Agenda Item 1: Company Financial Report ended 31 December 2021 For personal use only To receive the Company’s Financial Report for the financial year ended 31 December 2021 10 Copyright 2022 Pepper Money Limited. Confidential.
Slide 19: Resolution 1: Adoption of Remuneration Report
A N N U A L G E N E R A L M E E T I N G Resolution 1: Adoption of Remuneration Report For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the R
Slide 20: Resolution 1: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 1: Proxy For personal use only 12 Copyright 2022 Pepper Money Limited. Confidential.
Slide 21: Resolution 2: Re-election of Michael Culhane
A N N U A L G E N E R A L M E E T I N G Resolution 2: Re-election of Michael Culhane as a Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Michael Culhane, retiring as a Director of the Company in accordance with rule 6.
Slide 22: Resolution 2: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 2: Proxy For personal use only 14 Copyright 2022 Pepper Money Limited. Confidential.
Slide 23: Resolution 3: Re-election of Justine Turnbull
A N N U A L G E N E R A L M E E T I N G Resolution 3: Re-election of Justine Turnbull as a Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Justine Turnbull, retiring as a Director of the Company in accordance with rule
Slide 24: Resolution 3: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 3: Proxy For personal use only 16 Copyright 2022 Pepper Money Limited. Confidential.
Slide 25: Resolution 4: Approval of Executive Rights Plan
A N N U A L G E N E R A L M E E T I N G Resolution 4: Approval of Executive Rights Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purpose of ASX Listing Rule 7.2 (Exception 13) and for all other purposes, approval
Slide 26: Resolution 4: Proxy Voting
A N N U A L G E N E R A L M E E T I N G Resolution 4: Proxy Voting For personal use only 18 Copyright 2022 Pepper Money Limited. Confidential.
Slide 27: Resolution 5: Short-Term Variable Remuneration Plan
A N N U A L G E N E R A L M E E T I N G Resolution 5: Approval of Short-Term Variable Remuneration Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purpose of ASX Listing Rule 7.2 (Exception 13) and for all other pu
Slide 28: Resolution 5: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 5: Proxy For personal use only 20 Copyright 2022 Pepper Money Limited. Confidential.
Slide 29: Resolution 6: Approval of Share Save Plan
A N N U A L G E N E R A L M E E T I N G Resolution 6: Approval of Share Save Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purpose of ASX Listing Rule 7.2 (Exception 13) and for all other purposes, approval is gi
Slide 30: Resolution 6: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 6: Proxy For personal use only 22 Copyright 2022 Pepper Money Limited. Confidential.
Slide 31: Resolution 7: Approval of Employee Rights Plan
A N N U A L G E N E R A L M E E T I N G Resolution 7: Approval of Employee Rights Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purpose of ASX Listing Rule 7.2 (Exception 13) and for all other purposes, approval
Slide 32: Resolution 7: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 7: Proxy For personal use only 24 Copyright 2022 Pepper Money Limited. Confidential.
Slide 33: Resolution 8: Approval of NED Equity Plan
A N N U A L G E N E R A L M E E T I N G Resolution 8: Approval of NED Equity Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purpose of ASX Listing Rule 7.2 (Exception 13) and for all other purposes, approval is giv
Slide 34: Resolution 8: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 8: Proxy For personal use only 26 Copyright 2022 Pepper Money Limited. Confidential.
Slide 35: Resolution 9: Performance Rights to Mario Rehayem
A N N U A L G E N E R A L M E E T I N G Resolution 9: Issue of Performance Rights under the Executive Rights Plan to Mario Rehayem For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purposes of ASX Listing Rule 10.14 and fo
Slide 36: Resolution 9: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 9: Proxy For personal use only 28 Copyright 2022 Pepper Money Limited. Confidential.
Slide 37: Resolution 10: Restricted Rights to Mario Rehayem
A N N U A L G E N E R A L M E E T I N G Resolution 10: Issue of Restricted Rights under the STVR Plan to Mario Rehayem For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purposes of ASX Listing Rule 10.14 and for all other
Slide 38: Resolution 10: Proxy
A N N U A L G E N E R A L M E E T I N G Resolution 10: Proxy For personal use only 30 Copyright 2022 Pepper Money Limited. Confidential.
Slide 39: Thank you
For personal use only Thank you on behalf of the Board of Pepper Money Limited 31 Copyright 2022 Pepper Money Limited. Confidential.
Slide 40: Disclaimer
Disclaimer For personal use only Summary information Certain figures, amounts, percentages, estimates, calculations of value and fractions provided in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures This Presen
Slide 41: Company Secretary contact details
For personal use only Company Secretary For more information visit www.pepper.com.au John Williams T +61 2 7227 3811 E jwilliams@pepper.com.au Pepper Money Limited ABN 55 094 317 665. Australian Finance Services Licence 286655; Australian Credit Licence 286655 Pepper Asset Finance Pty Ltd ACN 165 18