Moneyme Ltd. · ASX:MME
Moneyme — Shareholder Meeting (November 2022)
29 slides from Moneyme's shareholder meeting presentation, Nov 22, 2022
Slide 1: AGM Scripts and Presentation Slides
22 November 2022 For personal use only ASX Announcement AGM SCRIPTS AND PRESENTATION SLIDES MONEYME attaches the following materials to be presented at the 2022 Annual General Meeting to be held today at 11.00am AEDT: 1. Script of the prepared addresses to be given by the Chair and by the Managing D
Slide 2: Chair's address
MONEYME LIMITED ANNUAL GENERAL MEETING – FORMAL SCRIPT 11.00 AM, TUESDAY 22 NOVEMBER 2022 For personal use only Chair’s address Good morning, everyone, and welcome to the 2022 Annual General Meeting of MONEYME. I am Peter Coad, the Chair of MONEYME. I would like to begin by acknowledging the Traditi
Slide 3: Chair's address: mission and FY22 results
The agenda for today’s meeting is set out in the Notice of Meeting. The Notice of Meeting was made available to shareholders and lodged with the ASX on 21 October 2022, and I propose to take this as read. For personal use only Before we proceed to the formal part of the meeting, I will give a short
Slide 4: FY22 growth in receivables and funding capacity
MONEYME grew its Gross Customer Receivables from $333 million to $1.35m billion, reflecting a four-times increase of our loan book. Our tech-enabled business model allowed us to scale fast and efficiently while maintaining our leading customer satisfaction ratings, as well as improving the overall c
Slide 5: Credit performance and revised financial disclosures
Our strong credit performance was reflected in a reduction of our net losses to 4% in FY22. In September, Management provided two revised financial statement disclosures to notes 11.2.1 and 11.2.2 on page 82 of the 2022 Annual Report. The updated notes reflect the correct Stage allocation For person
Slide 6: B Corp certification and sustainability
We have aligned our ESG approach to the internationally recognised B Corp framework, with the aim of becoming a Certified B Corporation. B Corp Certification requires a change to our Constitution, which we are asking shareholders to approve later today. For personal use only MONEYME is determined to
Slide 7: CEO's address
On behalf of the Board of Directors, I would like to thank Team MONEYME for their unwavering commitment to finding innovative, ground-breaking solutions to customer pain-points, as well as for their ongoing focus on delivering shareholder value in what has been a challenging year for the industry. F
Slide 8: 1Q23 results and awards
Gross customer receivables were $1.28 billion, up 183% year on year, new originations were $130 million, down 25% year on year and in line with the current strategy, and net losses were 5% compared to 5% in 1Q22. For personal use only Tech-enabling SocietyOne’s new business originations on the Horiz
Slide 9: Corporate Debt and Strategic Capital Initiative
Corporate Debt and Strategic Capital Initiative During FY23, we have experienced more challenging securitisation term-out and capital market conditions as well as a higher interest rate environment, all of which have made it more difficult to For personal use only achieve and maintain the level of c
Slide 10: Operating cashflows and securitisation
I note that despite our positive expectations, there is no certainty that any transaction will eventuate. Operating Cashflows For personal use only The Group’s operating cashflows continue to be supported by the $1 billion+ loan book, the steps taken to moderate originations and the realisation of S
Slide 11: Growth moderation, SocietyOne synergies and credit focus
We will continue to moderate our growth in the immediate term and have adjusted our customer acquisition strategy accordingly, which includes a reduction of our marketing spend that was used to launch our new brand and focus on our more cost-efficient acquisition channels. For personal use only Deli
Slide 12: 2022 Annual General Meeting
For personal use only 2022 Annual General Meeting Tuesday 22 November 2022 moneyme.com.au Copyright 2022 | MONEYME Limited | ACN 636 747 414
Slide 13: Chair & CEO Address
1 For personal use only Chair & CEO Address Chair & CEO Address Page 1 | MONEYME
Slide 14: Chair's Address
For personal use only Chair’s Address Peter Coad Page 2 | MONEYME
Slide 15: Our mission
Our mission To be the #1 For personal use only challenger to the banks MONEYME is a new generation of finance for consumers. We don’t do paperwork, ATMs or brick and mortar stores. We are digital, with innovative financial products and technology experiences for Generation Now. 1 1. Bank Account pro
Slide 16: FY22 performance overview
FY22 performance overview For personal use only $1.35b FY22 gross customer receivables ( 305% from FY21) A significant $1.7b Funding capacity in FY22 step change ( 4x from $0.3b in FY21) in scale 70x growth In Autopay loan book to $445m in FY22 SocietyOne Acquired in March 2022 Page 4 | MONEYME
Slide 17: FY22 performance overview: strong financial returns
FY22 performance overview Strong financial returns For personal use only Cash NPAT ($m) Gross revenue ($m) Closing gross customer receivables ($m) 143 1,345 20 70% 148% 305% FY21 to FY22 12 FY21 to FY22 FY21 to FY22 10 58 48 5 32 333 87 134 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22
Slide 18: FY22 performance overview: increased credit quality
FY22 performance overview For personal use only 38% Secured assets in total loan book Increased ( from 2% in FY21) credit 704 Average customer Equifax score ( from 650 in FY21) quality 4% Net losses in FY22 ( 26% from 5% in FY21) Page 6 | MONEYME
Slide 19: FY22 Annual Report revised disclosures
FY22 Annual Report Revised disclosures For personal use only Gross customer receivables and provision balances Top 20 Shareholders as at 11 July 2022 by impairment stage1 (as at 30 June 2022) Stage 1 Stage 2 Stage 3 Total Gross customer receivables ($’000) 1,279,506 36,128 29,642 1,345,276 Stage % o
Slide 20: FY22 Annual Report Sustainability Report
FY22 Annual Report Sustainability Report For personal use only A further demonstration of our commitment to deliver for all key Seeking B Corp Remuneration tied Environmental Improving Measuring our stakeholders. Certification to ESG performance & Social Policy climate disclosures carbon emissions W
Slide 21: Board of Directors
Board of Directors For personal use only Peter Coad Clayton Howes Jonathan Lechte • Independent Non-Executive Chair • Managing Director & Chief Executive Officer • Independent Non-Executive Director • Chair, Remuneration & Nomination Committee • Chair, Audit & Risk Committee • Member, Audit & Risk C
Slide 22: CEO's Address
For personal use only CEO’s Address Clayton Howes Page 10 | MONEYME
Slide 23: The environment is changing, we are adapting
The environment is changing We are adapting For personal use only Price flexibility from our mostly variable rate product set Interest rates is enabling margin management increasing capital costs Credit quality continues to increase above the Inflation market average Equifax score driving an increas
Slide 24: 1Q23 Key Highlights
1Q23 Key Highlights For personal use only • Originations $130m for 1Q23 Executing profitability strategy • $3b+ in customer originations since inception • $1.28b in customer receivables for 1Q23 • Gross revenue $57m in 1Q23 Strong gross revenue • On target to achieve greater than $200m revenue for F
Slide 25: 2022 Finder Innovation Awards
2022 Finder Innovation Awards For personal use only Disruptor of the Year The Finder Innovation Awards recognise and celebrate the most innovative products and services in Australia. In November 2022, MONEYME was announced as the winner of the Disruptor of the Year category as well as a finalist in
Slide 26: Funding & liquidity
Funding & liquidity For personal use only • Unrestricted cash $19m at 31 Oct 22 ($14m at 30 Jun • $21m capital raise completed in 1Q/2Q FY23 Operating 22) Equity capital • Same offer price made to all shareholders to participate cash flows • Positive net cashflows from operating activities projected
Slide 27: Our key areas of focus
Our key areas of focus For personal use only Leverage our Solid revenue growth Leverage SocietyOne innovation advantage and profit focus customers and cost to expand product synergy benefits differentiation Strategic capital Continue to build with Leading the industry on initiative to unlock custome
Slide 28: Important notices & disclaimers
Important notices & disclaimers The information contained in this presentation has been prepared by MONEYME Limited (MONEYME or Company) in connection with the Annual Such risks and uncertainties include but are not limited to: the acquisition and retention of customers, the ongoing availability of
Slide 29: moneyme.com.au
For personal use only moneyme.com.au Copyright 2022 | MONEYME Limited | ACN 636 747 414