Cash Converters International Limited · ASX:CCV
Cash Converters International — Shareholder Meeting (February 2016)
14 slides from Cash Converters International's shareholder meeting presentation, Feb 11, 2016
Slide 1: AGM
casNcGg 19 November 2014
Slide 2: FY2014 Results
FY2014 Results FY 2014 FY 2013 Move Revenue $m 331.7 272.7 +21.6% EBITDA $m 51.6 57.0 -9.5% EBIT $m 43.7 50.6 -13.6% NPAT $m 24.2 32.9 -26.4% EPS Cps 5.67 8.09 -29.9% DPS Cps 4.00 4.00 +0% Normalised EBITDA FY 2014 FY 2013 Move EBITDA $m 51.6 57.0 -9.5% - Ausgroup provision $m 1.4 1.0 +35.8% - Stamp
Slide 3: Strong 2nd Half Performance
Strong 2nd Half Performance 2nd Half 1st Half Move FY14 FY14 Revenue $m 175.9 155.8 +12.9% EBITDA $m 29.9 21.7 +37.5% EBIT $m 25.7 17.9 +43.6% NPAT $m 14.3 9.9 +44.9% EPS Cps 3.35 2.32 +44.4% DPS Cps 2.00 2.00 +0.0% Strong Second Half Improvement Driven by: Corporate store revenue (up 5.2% on 1H FY1
Slide 4: FY2014 Segment Results
FY2014 Segment Results Divisional EBITDA FY14 FY13 Move Franchise Operations 6.63 6.39 +3.9% Store Operations 15.62 9.10 +71.6% Financial Services - Administration 10.41 14.20 -26.7% Financial Services – Personal Loans 39.84 42.46 -6.2% Green Light Auto (after minority) (0.98) 0.00 0% Total before h
Slide 5: Sept Quarter Update
Sept Quarter Update Financial Results 30 Sept 2013 30 Sept 2014 Variance Summary Quarter Quarter Statutory Reporting Basis Revenue $77,039,320 $97,230,953 +26.2% EBITDA $8,923,771 $15,976,991 +79% EBIT $7,037,787 $13,839,305 +96.6% NPAT $4,377,263 $7,720,243 +76.4% Normalised EBITDA 30 Sept 2013 30
Slide 6: Sept Quarter Segment Update
Sept Quarter Segment Update Financial Results Summary 30 Sept 2013 30 Sept 2014 Variance Statutory Reporting Basis Quarter Quarter % Franchise operations $1,613,035 $1,664,586 +3.2 Store operations $1,902,051 $4,731,016 +148.7 Financial services - administration $2,674,316 $2,972,666 +11.2 Financial
Slide 7: Australian Personal Loan Book
Australian Personal Loan Book Loan Book 120 109.2 106.3 104.9 105.0 105.7 100.3 100.8 104.3 94.3 96.3 97.6 100 86.8 84.7 85.1 84.3 86.7 A$ Millions 80 60 40 20 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Principal Advanced 20 18 16 A$ Millions 14 12 10 8 6 4 2 0 Jun July Aug Se
Slide 8: Australian Cash Advance
Australian Cash Advance CA – Principal Advanced 25.0 20.0 15.0 A$ Millions 10.0 5.0 0.0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Last Year 20.0 18.6 20.4 20.5 21.6 22.7 22.6 20.6 20.1 19.4 14.4 17.4 17.1 16.8 19.1 18.5 20.5 This Year 17.1 16.8 19.1 18.5 20.5 20.3 22.
Slide 9: Online Loan Growth
Online Loan Growth Online loan growth continuing Online Personal Loan Volumes Online Cash Advance Volumes 7.0 1,000.0 915.4 6.1 900.0 844.2 6.0 823.8 5.5 800.0 755.6 5.1 5.1 5.2 734.4 740.1 714.8 706.6 714.4 703.8 4.9 5.0 700.0 4.6 4.6 649.9 4.5 4.2 4.0 600.0 A$ Thousands 4.0 3.8 A$ Millions 478.6 5
Slide 10: UK Segment Results FY2014
UK Segment Results FY2014 Divisional EBITDA FY14 FY13 Variance % Franchise Operations 2,299,035 1,867,564 +23.1 Store Operations (777,082) 281,890 -375.7 Financial Services - Administration 764,931 749,295 +2.1 Financial Services – Personal Loans 1,129,737 1,805,461 -37.4 Total before head office co
Slide 11: UK Regulatory Environment
UK Regulatory Environment The Financial Conduct Authority (FCA) released a Policy Statement PS14/16 on 11 November 2014 in which they detail the rules for a rate cap on high cost, short-term credit, effective from 2 January 2015. The rules propose the following: A rate cap of 0.8% of the outstanding
Slide 12: Growth Opportunities
Growth Opportunities Carboodle was established as Green Light Auto Group Pty Ltd (GLA) in 2010 as a total motoring solution providing customers who don’t have access to main stream credit with a reliable and well maintained car on lease terms inclusive of running costs (insurance, maintenance, regis
Slide 13: Growth Opportunities
Growth Opportunities Carboodle has recently completed a transaction in which it sold the assets of the business (leased vehicles) and then leased them back from a Melbourne based vehicle leasing company, Fleet Partners This transaction provides Carboodle with a lower cost of funds on a go forward ba
Slide 14: Summary & Outlook
Summary & Outlook First quarter revenue up 26.2% and normalised EBITDA up 61% on previous corresponding quarter Continuation of the upward trend in loan volumes which commenced in December 2013 following the transition to the new regulatory regime, with strong growth in loan advances for the Persona
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