Cash Converters International Limited · ASX:CCV
Cash Converters International — H1 2025 Earnings Presentation
19 slides from Cash Converters International's earnings presentation, Feb 24, 2025
Slide 1: Cash Converters International Limited 1H25 Investor Presentation
Cash Converters International Limited 1H25 Investor Presentation ASX:CCV 24 February 2025
Slide 2: Financial Highlights
Financial Highlights Strong 1H25 financial results demonstrating strategy is delivering 1H25 Financial Snapshot1: Revenue Operating EBITDA Operating NPAT Cash & Equivalents • Share Price: 24.5c $192.1m $36.5m $12.2m $57.3m • Market Cap: ~$154m • NTA per Share: 29.7c 0.3% 12% 24% 2% 1H24: $191.5m 1H2
Slide 3: Our Growth, Redefined
Our Growth, Redefined Diversifying earnings and product mix, acquiring franchise stores, driving sustainable growth Revenue by Location Operating NPAT & EBITDA Gross Loan Book & Net Loss Rates $36.5m $36.5m $294.4m $40 .0m $142.7m $160.0m $191.5m $191.1m $192.1m $13 m $30 0m $288.0m 16% $271.4m $274
Slide 4: Overview
Overview Overview | Performance | Strategy | Outlook
Slide 5: About us
About us Staying true to our purpose, Cash Converters is a forward-thinking business Lending Retail Strategic Growth Transitioning to lower-cost finance Scaling sustainability & luxury Growth through acquisition • A leading regulated non-bank lender, • Leveraging our brand and market • Expanding our
Slide 6: Our Journey
Our Journey Growing a sustainable business, transitioning out of Small Loans, improving profitability of our store network and acquiring franchise stores Segment Product Strategy Progress ✓ Commenced Small Loan transition in 2024: Reduced Small • Transition out of Small and Vehicle Loans Loan Book f
Slide 7: Performance
Performance Overview | Performance | Strategy | Outlook
Slide 8: 1H25 Profit or Loss
1H25 Profit or Loss Strong profit growth and improved book quality Profit or Loss ($’m) 1H25 1H24 Variance Highlights Revenue 192.1 191.5 0% • Gross Profit up 9% on pcp to $123.3m driven by sustained strong revenue Cost of sales (51.6) (51.0) 1% and a reduction in bad debts, supported by improved
Slide 9: 1H25 Balance Sheet
1H25 Balance Sheet Loan Book resilience amid Small Loan transition and Vehicle Loan wind-down Balance Sheet ($’m) 31-Dec-24 30-Jun-24 Variance Highlights Cash and cash equivalents 57.3 56.3 2% • Gross Loan Book down by 5% from 30-Jun-24 to $274.4m reflecting a shift Trade and other receivables 16.
Slide 10: 1H25 Cash Flow
1H25 Cash Flow Strong cash flow and facility headroom enabling Loan Book growth Cash Flow ($’m) 1H25 1H24 Variance Highlights Cash flows from customers 187.3 177.7 5% • Cash and Cash Equivalents up by 17% on pcp to $57.3m positioning us to Payments to suppliers and employees (150.3) (136.4) 10% fund
Slide 11: Strategy
Strategy Overview | Performance | Strategy | Outlook
Slide 12: 1. Lending: Lower cost options
1. Lending: Lower cost options Transitioning to longer-term, lower-cost finance, lowering loss rates and driving sustainable growth Australian Personal Loan Book Comments Current Loan Book: • Loan Book composition continues to change as we transition out of Small Loans and the Vehicle Loan book wind
Slide 13: 2. Retail: Leading the way in repurposed Luxury
2. Retail: Leading the way in repurposed Luxury New Luxury Store Concept - Bondi Junction, Opened Aug-24 • Higher value inventory, focus on selling ‘luxury’ only (non-luxury items transferred to other stores) • Reduced store size, cutting rent, wages and outgoings • Expanding into new inner-city are
Slide 14: 3. Growth: Franchise Store Acquisitions
3. Growth: Franchise Store Acquisitions Focused growth through strategic retail acquisitions from franchise partners in Aus & UK Economics of Acquired Stores Opportunities Aus & UK Acquired Stores NPAT Recently Acquired Stores AUS UK Active Pipeline: • Year-on-year NPAT growth contribution from • Pr
Slide 15: Outlook
Outlook Overview | Performance | Strategy | Outlook
Slide 16: FY25 Outlook
FY25 Outlook Smart Lending, Sustainable Luxury and Acquisition Growth Franchise Store Scaling a Sustainable Optimise & Driving Earnings Growth & Acquisitions Loan Book Unlocking Value Shareholder Returns • Targeting further acquisitions in • Offering lower-cost lending • Enhancing profitability thro
Slide 17: Appendix
Appendix
Slide 18: ESG Framework
ESG Framework Operating for 40 years, we understand the importance of adding value to the lives of our customers by operating a sustainable business over the long term Environmental Social Governance • Our retail trade is driven by pre-owned (second-hand) • Our business serves as an essential and re
Slide 19: Disclaimer
The material contained in this presentation is intended to be general background information on Cash Converters and its activities current at the date of the presentation. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be relied upon
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