Nutun Limited · JSE:NTU
Nutun — Transaction Capital — HY2021 Earnings Presentation
5 slides from Nutun's earnings presentation, May 2021
Slide 1: Minibus taxi industry is defensive & growing despite challenging environment
MINIBUS TAXI INDUSTRY IS DEFENSIVE & GROWING DESPITE CHALLENGING ENVIRONMENT STRUCTURAL ELEMENTS SUPPORT MINIBUS TAXI INDUSTRY RESILIENCE MINIBUS TAXI IS THE LARGEST & MOST VITAL MODE OF TRANSPORT TOTAL ADDRESSABLE MARKET WITHIN INTEGRATED PUBLIC TRANSPORT NETWORK > MINIBUS TAXIS RAIL ~ ~ PUBLIC FIN
Slide 2: Minibus taxi industry is defensive & growing with resilient operators
MINIBUS TAXI INDUSTRY IS DEFENSIVE & GROWING WITH RESILIENT OPERATORS ENVIRONMENT & LOWER COMMUTER MOBILITY IMPACTING PROFITABILITY VEHICLE PRICES REPO RATE FARES ~ ▲ % %▲ TOYOTA HIACE (DIESEL) PRICE1 IMPACT ON MONTHLY AVERAGE REPO RATE³ MONTHLY COST OF USING MINIBUS FROM 2013 TO 2020 ▲ INSTALMENT S
Slide 3: Minibus taxis are the preferred mode of public transport
MINIBUS TAXIS ARE THE PREFERRED MODE OF PUBLIC TRANSPORT DUE TO COMPETITIVE PRICING, ACCESSIBILITY & RELIABILITY OVERALL TRAVEL FOR WORK PURPOSES1 Top 3 factors influencing Personal vehicles choice of mode of transport Minibus taxi Bus Train (drivers) Walk % using as main mode of transport2 28% 6% 1
Slide 4: Vertically integrated business model
VERTICALLY INTEGRATED BUSINESS MODEL DEVELOPMENTAL CREDIT DRIVING POSITIVE SOCIAL IMPACT SA TAXI FINANCE INCLUSIVE GROWTH | ECONOMIC TRANSFORMATION PROPORTION OF CUSTOMERS CLASSIFIED billion ~ % Proportion of customer base AS PREVIOUSLY FINANCIALLY EXCLUDED ~ GROSS LOANS & ADVANCES LOANS ON BOOK VEH
Slide 5: SA Taxi customer and loan book profile
~ years months % ~ VEHICLES PER CUSTOMER AVERAGE AGE OF VEHICLE AVERAGE LOAN TERM1 NON-PERFORMING LOAN RATIO APPLICATIONS PER MONTH years % > months % AVERAGE AGE OF CUSTOMER TOYOTA VEHICLES MINIMUM MONTHLY OPERATOR PROFIT AVERAGE REMAINING LOAN TERM AVERAGE APPROVAL RATE ~ % % > % ~ LOANS ORIGINATE