Change Financial Ltd · ASX:CCA
Change Financial — Shareholder Meeting (November 2022)
17 slides from Change Financial's shareholder meeting presentation, Nov 24, 2022
Slide 1: Chairman's Address
Chairman’s Address For personal use only Change Financial Good morning my name is Benjamin Harrison and on behalf of the Board of Change Financial Limited (Change), I am pleased to welcome you to the 2022 Annual General Meeting (AGM). Limited In 2022, we outlined our go-to-market strategy for the ne
Slide 2: Investor Presentation – Annual General Meeting (AGM)
For personal use only Investor Presentation Annual General Meeting (AGM) 24 November 2022
Slide 3: Global fintech with local expertise
Global fintech with local expertise Our offices / staff Our clients For personal use only Global team with local knowledge to support Critical payments our growing client base infrastructure Deep client integration Athens Los Angeles Santo Domingo Global footprint 156 Clients in 41 countries Brisban
Slide 4: Change today: delivering scalable payments solutions
Change today: delivering scalable payments solutions For personal use only Payments solutions provider, driving innovation in the Banking as a Service banking ecosystem Payments as a Service Payment testing Physical & Transaction Digital payments Full payment Visa, Mastercard, ATM & POS virtual card
Slide 5: Vertexon: Payments as a Service (PaaS)
Vertexon: Payments as a Service (PaaS) For personal use only u Lowers the barrier of entry for banks & fintechs to deliver innovative digital & physical card solutions to their customers Vertexon powers card programs around the globe Processing Processing & Issuing (P&I) Key Product Cloud hosted; pl
Slide 6: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool For personal use only Software facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete reliable and cost effective end-to-end remote testing testing of their payment platforms & processes without the need for
Slide 7: FY22 Review
For personal use only FY22 Review
Slide 8: Key 'building blocks' delivered in FY22
Key ‘building blocks’ delivered in FY22 For personal use only Milestones achieved in Milestone Why it’s important FY22 provide foundations for Launched Vertexon PaaS platform in Oceania in late 2021 accelerated future Launch of Major client wins – 4 NZ financial institutions & 3 US fintechs – onboar
Slide 9: Key recent client wins
Key recent client wins For personal use only Recent wins anticipated 4 NZ Financial Institutions 3 US Fintechs to generate in excess of US$12.9m revenue over Milestone PaaS (P&I) contracts with 3 NZ credit unions Gaining traction in US with 3 fintechs secured as new initial terms & 1 NZ building soc
Slide 10: Financial Dashboard – FY22
Financial Dashboard – FY22 For personal use only Geographically diverse Revenue (US$m) – H1 vs H2 EBITDA (US$m) – H1 vs H2 client base providing a $8.3m FY21 FY22 platform for future growth and expansion $6.3m (1.2) 4.5 (1.7) 4.2 H1 H2 H1 H2 (1.4) (0.8) 3.8 2.1 $(2.6)m $(2.5)m FY21 FY22 Revenue by R
Slide 11: Profit & Loss – FY22
Profit & Loss – FY22 For personal use only Profit & Loss Summary Recent Vertexon PaaS Key Comments (US $000's) FY22 FY21 Var % client wins will Revenue 8,316 6,313 31.7% Record FY22 revenue of US$8.3m (A$12.6m¹), up 31.7% pcp contribute to revenue COGS - - n/a FY21 revenue included 9 months of strat
Slide 12: FY23 Update
For personal use only FY23 Update
Slide 13: Financial Update – Q1 FY23
Financial Update – Q1 FY23 For personal use only Strengthened the FY22 revenue of US$8.3m (A$12.6m¹) Revenue by Quarter (US$m) financial position of the FY22 EBITDA loss of US$2.5m (A$3.8m) Company through 2.4 2.3 Q1 FY23 revenue of US$2.3m (A$3.5m), up 18% on pcp 2.1 revenue growth, cost 1.9 1.9 re
Slide 14: FY23 Operational Milestones
FY23 Operational Milestones For personal use only Clear operational roadmap to delivering 1 Business readiness for direct card issuing in Oceania shareholder value Australian Financial Services Licence (AFSL) – approval expected in H1 FY23 (will enable direct issuing in Australia) Complete the estab
Slide 15: Financial Outlook
Financial Outlook For personal use only Proactive management actions to deliver strong Revenue Growth Targeting to deliver strong (double digit) revenue growth in FY23 and profitable revenue FY22 revenue of US$8.3m (A$12.6m¹) growth Q1 FY23 revenue of US$2.3m (A$3.5m), up 18% on pcp Key drivers of g
Slide 16: Disclaimer
Disclaimer For personal use only 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 accompany
Slide 17: Thank you.
For personal use only Thank you. Get in touch investors@changefinancial.com
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