Change Financial Ltd · ASX:CCA
Change Financial — Q2 FY24 Earnings Presentation
14 slides from Change Financial's earnings presentation, Jan 31, 2024
Slide 1: Q2 FY24 Investor Presentation
For personal use only Q2 FY24 Investor Presentation 31 January 2024
Slide 2: Delivering innovative and scalable payments solutions
Delivering innovative and scalable payments solutions u Change leverages innovative and scalable technology to provide tailored payment solutions, card issuing and testing to 150+ Payments solutions banks & fintechs across 40+ countries provider driving u Two core products in the banking & payments
Slide 3: Vertexon PaaS Metrics
Vertexon PaaS Metrics After a significant Significant progress migrating NZ financial institution clients Total Cards on Issue period of investment, and cards to Change 15,000 Change now has live Key milestone and driver of early growth in PaaS metrics 12,000 clients processing and Auckland Credit U
Slide 4: Financial Update – Q2 FY24
Financial Update – Q2 FY24 Have commenced Q2 FY24 revenue of US$2.3m (A$3.5m¹), up 14.8% pcp Revenue by Quarter (US$m) generating PaaS Driven by increased licence sales, professional services 2.4 2.4 2.3 2.3 revenue which is revenue and, to a lesser extent, early PaaS revenue 2.2 2.0 2.1 2.0 1.9 1.9
Slide 5: Delivering on Key Milestones
Delivering on Key Milestones Clear and focussed 1 Shared Success & Growth operational roadmap to Transition NZ card programs to Change which will drive transactional revenue growth – IN PROGRESS deliver shareholder value 14,000+ cards issued to PaaS clients with migrations expected to continue throu
Slide 6: Delivering on Key Milestones (cont.)
Delivering on Key Milestones (cont.) Clear and focussed 2 Operational Excellence operational roadmap to deliver shareholder Achieve go-live for NZ EFTPOS acceptance – COMPLETE value Strengthen core operations and capabilities – compliance, security, fraud & transaction monitoring – COMPLETE For pers
Slide 7: Outlook
Outlook u Profitable revenue growth Focused execution and delivery to achieve u Focused on delivering profitable revenue growth in FY24+ success u Despite delays, the migration of NZ cards to Vertexon is well underway – started generating PaaS revenue u PaaS revenue expected to progressively increas
Slide 8: Appendix
For personal use only Appendix
Slide 9: Vertexon in the payments process
Vertexon in the payments process Change’s role in the u Processing: An Issuer (Change’s client) using the Vertexon Processing: Customer pays with card (all card networks payments process Platform (technology only) to manage their cards – client is supported) & purchases goods/services from merchant
Slide 10: Vertexon product offering
Vertexon product offering Vertexon offering can Processing Processing & Issuing be tailored by client to • Provide core technology to enable card issuing and • Provide Processing capability + the following key card offer services that best management including: Issuing capabilities: suit client and
Slide 11: Vertexon issuing capabilities
Vertexon issuing capabilities All regulatory and Change has completed all necessary regulatory and licensing requirements to enable card issuing in Australia, NZ and the US licensing requirements Change can now issue debit and prepaid cards in Australia, NZ and the US for card issuing in Australian
Slide 12: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool Software facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms, processes & scheme rule compliance without the need for u Enables financial insti
Slide 13: Disclaimer
Disclaimer Change Financial Important Notice This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness Limited of the information in this document or the accompanying presentation. All
Slide 14: Thank you.
Thank you. For personal use only Get in touch investors@changefinancial.com