Slide 1: Investor Presentation May 2024
ASX:FND INVESTOR PRESENTATION MAY 2024
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is FORWARD-LOOKING STATEMENTS authorised for release by its Directors. You must read and accept the conditions in this notice before This Presentation contains forward looking
Slide 3: FY24 Results
The financial year ended 31 March 2024 (FY24) was a transformational period of growth for Findi. The Board and management team successfully delivered a number of key strategic milestones during this period, which has pleasingly resulted in strong share price appreciation. Findi is pleased to report
Slide 4: Delivery of Key Milestones Has Commenced
DELIVERY OF KEY MILESTONES HAS COMMENCED THE UNLOCKING OF VALUE Findi has delivered on several strategic milestones during FY24 resulting in substantial value appreciation. Findi remains undervalued compared to its peers, with a well-defined strategic growth plan in place to unlock significant addit
Slide 5: Key Milestones Delivered
KEY MILESTONES DELIVERED Findi has outperformed its previous market guidance for FY24 EBITDA, through a range of key milestones being delivered. The full year impact of these initiatives is expected to drive further significant increases to revenue, EBITDA and NPAT in FY25... FY24 EXPANSION OBJECTIV
Slide 6: Significant Market Expansion Opportunity
SIGNIFICANT MARKET EXPANSION OPPORTUNITY Findi is on a pathway to offering a full-service finance hub that leverages its impressive ATM footprint, to scale its digital payments. FindiPay and ATM business create an ecosystem of complementary financial solutions… WHAT WE DO NOW WHERE ARE WE GOING WHER
Slide 7: FY24 At a Glance
FY24 AT A GLANCE Revenue, EBITDA, NPAT and Operating Cash Flows (OCFs) of $66.5M, $27.4M, $4.0M and $26.7M respectively, materially up on FY23. This success is largely attributable to the sustained growth of the ATM solutions business through delivery of key milestones combined with operational effi
Slide 8: Free Cash Flow Bridge
FREE CASH FLOW BRIDGE Findi delivered EBITDA to Free Cash Flow (FCF) conversion of 51.9% ($14.2M) in FY24. This resulted in Free Cash Flow to Equity (FCFE) of $22.2M, positioning the company to pursue its strategic objectives. Cash on balance sheet is now $106.6M with $37.6M net cash1… FREE CASH FLO
Slide 9: Net Debt / Cash
NET DEBT / CASH Findi held $106.6M total cash reserves / $37.6M net cash reserves as at 31 March 2024, a significant $58.4M increase in net cash reserves when compared to 1 April 2023. The $58.4M increase in net cash reserves is attributable to FY24 FCF and the Piramal placement of Compulsory Conver
Slide 10: Traditional ATM Business
TRADITIONAL ATM BUSINESS Findi offers bank branded Brown Label ATM services to major banks and back-end services to leading financial institutions, leveraging the country’s cash transaction preference. The newly secured WLA licence establishes a financial ecosystem connecting Findi’s merchant and AT
Slide 11: Digital Growth Segment
DIGITAL GROWTH SEGMENT FindiPay’s merchant acquisition strategy is progressing strongly, surpassing 28,111 in FY24, and targeting 60,000 by the end of FY25. The issuance of the new WLA licence will further expand FindiPay’s reach, by offering co-located ATMs as part of financial services hub to the
Slide 12: Strategic Horizon
STRATEGIC HORIZON Findi is positioned to bolster the evolving digital banking, payments and financial services landscape in India through its WLA strategy and flagship platform, FindiPay. This digitalisation drive aims to capture a greater proportion of the financial services ecosystem, supporting s
Slide 13: Unlocking Value and Liquidity via Potential IPO
UNLOCKING VALUE AND LIQUIDITY VIA POTENTIAL IPO The proposed listing of Findi subsidiary, TSI India on Bombay Stock Exchange (BSE) will provide a liquidity event for Findi’s shareholders through a compulsory sell-down as part of the IPO process… IMPLIED MARKET CAPITALISATION & TSI INDIA IPO / LIQUID
Slide 14: Questions
QUESTIONS GROUP
Slide 15: Appendix 1: Comparable Companies
APPENDIX 1: COMPARABLE COMPANIES ATM SOLUTIONS & DIGITAL BANKING Historic2 Market Enterprise Historic2 Company Ticker Business Description EBITDA Cap Value EBITDA Multiple Findi Limited ASX:FND 148 111 27.4 4.0x • Provides technology enabled digital services, including assisted e-services and e-gove
Slide 16: Contact
E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findi.co