Novatti Group Ltd. · ASX:NOV
Novatti — H1 FY2023 Earnings Presentation
13 slides from Novatti's earnings presentation, Feb 28, 2023
Slide 1: 2023 Half Year Results Presentation
For personal use only 2023 Half Year Results Presentation Peter Cook - Managing Director www.novatti.com 28 February 2023 This presentation has been approved for release to the ASX by Peter Cook, Managing Director
Slide 2: Disclaimer
For personal use only The material contained in this document is a presentation of general information about Novatti Group Limited’s activities, current as at the date of this presentation on 28 February 2023. It is provided in summary and does not purport to be complete. You should not rely upon it
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Novatti enables businesses to pay and be paid from any device, anywhere. From corner stores and start-ups to global organisations, our solutions will unlock your ambitions. Established in 2015 and headquartered in Melbourne (Australia), Novatti is an end-to-e
Slide 4: Board of Directors
Board of Directors For personal use only Peter Cook Peter Pawlowitsch Kenneth Lai Killian Murphy CEO and Managing Director Non-Executive Chairman Non-Executive Chairman Non-Executive Chairman BSc (UNSW), Grad Dip Computing (Canberra), BCom (UWA), CPA, BSc (Computer Science) (UoA) Master of Arts (Eco
Slide 5: End-to-end B2B Payments Provider
End-to-end B2B Payments Provider For personal use only Acquiring Issuing Cross Border Payments Omni-channel payment acceptance Visa prepaid, debit and gift cards, International transfer payments for merchants, eCommerce, digital wallets and end-to-end network for businesses. embedded and in-store pa
Slide 6: Leveraging the Ecosystem
Leveraging the Ecosystem For personal use only o Scaling and leveraging of ecosystem underway: Technology Licenses Partnerships High barriers to entry to digital Opens jurisdictions and highlights trust Strong global associations and mobile platforms. with good margins in various regions. Digital Wa
Slide 7: Strong forecast industry growth
Strong forecast industry growth For personal use only Strong growth (actual and forecast) across key markets in which Novatti operates: 12.4m US$699b US$9.2b US$5.3b $2.85b US$583b 9m US$6.5b $1.8b US$2.4b Prepaid cards issued in Point-of-sale and e-com Personal remittances Global accounts receivabl
Slide 8: 2023 Half Year Performance Highlights
For personal use only 2023 Half Year Performance Highlights $19.9m $11.6m $1m 78.5% 59.8% 743% against H1 FY22 against H1 FY22 against H1 FY22 H1 Sales H1 Alternative H1 Acquiring Revenue Payments Revenue Revenue 8
Slide 9: Underlying EBITDA
Underlying EBITDA* For personal use only o Significant investment in H122 made in operations (including in Acquiring and International Bank of Australia**) o Half-year employee benefits increased to $14.6m following investment in talent (team grew by 4% to 156 in 2022) o Underlying EBITDA of ($7.7m)
Slide 10: Balance Sheet
Balance Sheet* For personal use only o $25.7m cash available at end of first half o Strengthened cash position for continuing growth phase o Strategic investment in Reckon already providing dividends (received $13.5m over 1H 23) o Successful completion and issue of a bond for $10.5m 10 *All figures
Slide 11: H1 FY23 Highlights
H1 FY23 Highlights For personal use only ○ Strong revenue growth from core business segments ○ Granted restricted banking licence (IBOA) ○ Launched 2 new revenue programs ○ AUDD Stablecoin ○ Novatti BillPay ○ Ongoing efficiency drive to lead to circa $4m in savings 11
Slide 12: Outlook
Outlook For personal use only ○ Delivering on strategy of B2B Payments Business ○ Improved Financial Performance ○ Scaling of Revenues ○ Strong improvements in Gross Margin ○ Significant reduction in Expenses underway ○ Contribution of CRC Grant (circa $2.3m over 3 years)* ○ Continued monetization o
Slide 13: Thank you
For personal use only Thank you This presentation has been approved for release to the ASX by Peter Cook, Managing Director