Change Financial Ltd · ASX:CCA
Change Financial — Q1 2024 Earnings Presentation
13 slides from Change Financial's earnings presentation, Oct 31, 2023
Slide 1: Q1 FY24 Investor Presentation
For personal use only Q1 FY24 Investor Presentation 31 October 2023
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 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 4: Financial Update – Q1 FY24
Financial Update – Q1 FY24 Change has now Q1 FY24 revenue of US$2.2m (A$3.4m¹) Revenue by Quarter (US$m) commenced migrating Professional services revenue impacted by the 2.4 2.4 2.3 2.2 NZ cardholders to Company’s increased activity on the Vertexon PaaS 2.0 2.1 2.0 1.9 1.9 Vertexon and PaaS platfor
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 All NZ financial institution clients issued ‘live’ cards and migration of cardh
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 Full market acceptance in NZ for Mastercard and EFTPOS transactions For personal use only Strengthen core operations a
Slide 7: Outlook
Outlook u Profitable revenue growth Focused execution and delivery to achieve u Realigned cost base has positioned Change to deliver profitable revenue growth in FY24+ success u Despite initial delays with NZ clients, first live cards have been issued and the migration of cardholders is underway u C
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: 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 12: 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 13: Thank you.
Thank you. For personal use only Get in touch investors@changefinancial.com