Humm Group Limited · ASX:HUM
Humm — Shareholder Meeting (November 2022)
32 slides from Humm's shareholder meeting presentation, Nov 17, 2022
Slide 1: FY22 Annual General Meeting
FY22 For personal use only ANNUAL GENERAL MEETING 17 November 2022 Authorised for release by the hummgroup Board of Directors humm group limited ACN 122 574 583 Level 1, 121 Harrington Street, The Rocks, Sydney NSW 2000
Slide 2: Welcome
For personal use only WELCOME
Slide 3: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS ANDREW ABERCROMBIE
Slide 4: CEO's Address
For personal use only CEO’S ADDRESS REBECCA JAMES
Slide 5: Commitment to Shareholders
HUMMGROUP AGM // 17 NOVEMBER 2022 COMMITMENT TO SHAREHOLDERS For personal use only 01 | Grow shareholder value 02 | Balance returns and investment for growth 03 | Investment to be measured against key performance hurdles 5
Slide 6: One Company Two Businesses
HUMMGROUP AGM // 17 NOVEMBER 2022 ONE COMPANY TWO BUSINESSES For personal use only TO BE THE FAVOURED WAY TO PAY FOR BIGGER PURCHASES CONSUMER FINANCE #1 POS financier for ANZ leading provider POSITIONING transactions over $500 of specialist asset finance CORE EXPERTISE RECEIVABLES $1.8bn >> Instant
Slide 7: Executed Key Initiatives to Strengthen Further
HUMMGROUP AGM // 17 NOVEMBER 2022 EXECUTED KEY INITIATIVES TO STRENGTHEN FURTHER For personal use only ALIGNING TO LAUNCHED TIGHTER INCREASED ‘BIG TICKET’ NEW CLOUD BASED MARGIN FINANCIAL CORE INSTALMENTS MANAGEMENT FLEXIBILTY TECHNOLOGY ` Accelerated growth in Commercial AU Delivered new scalable R
Slide 8: FY22 Results
HUMMGROUP AGM // 17 NOVEMBER 2022 FY22 RESULTS For personal use only BIGGER TICKET PROFITABILITY ROBUST CREDIT COST STRONG LIQUIDITY FINANCIER FUNDING GROWTH PERFORMANCE REDUCTION POSITION $51.1m $113m $3.3b of unrestricted cash 2.8% $9m Cash NPAT in FY22 in receivables + 20% PCP $896m <2% 1.4c Net
Slide 9: FY23 hummgroup Priorities
HUMMGROUP AGM // 17 NOVEMBER 2022 FY23 HUMMGROUP PRIORITIES For personal use only ` PROFITABLE STRONG CAPITAL PRUDENT REFOCUS IMPROVE and resilient and funding position credit on the core profitability business management through yield and cost management 9
Slide 10: FY23 Consumer Priorities
HUMMGROUP AGM // 17 NOVEMBER 2022 FY23 CONSUMER PRIORITIES For personal use only ALIGNING TO TECHNOLOGY SERVICE IMPROVING ‘BIG TICKET’ SIMPLIFICATION TRANSFORMATION MARGIN CORE Consolidation of bundll and Transitioning the domestic Reduce call volumes with Optimising profitability humm AU instalment
Slide 11: FY23 Flexicommercial Priorities
HUMMGROUP AGM // 17 NOVEMBER 2022 FY23 FLEXICOMMERCIAL PRIORITIES For personal use only GROWING PRESENCE TECHNOLOGY FURTHER STRENGTHENING SHARPENING MARGIN IN CHOSEN SECTORS SIMPLIFICATION OUR BALANCE SHEET MANAGEMENT Increasing business development Investing in a scalable tech ` Enhancing and expan
Slide 12: Strategic Update: Offshore Expansion
HUMMGROUP AGM // 17 NOVEMBER 2022 STRATEGIC UPDATE: OFFSHORE EXPANSION For personal use only UNITED KINGDOM (UK) CANADA RETREATING FROM ENGLAND TO IRELAND COMMITTED TO GROW AND INVEST IN CANADA AND NORTHERN IRELAND Large total addressable credit market, but more Strong growth potential with ~CAD50 b
Slide 13: Funding and Capital Environment and Our Balance Sheet
HUMMGROUP AGM // 17 NOVEMBER 2022 For personal use only FUNDING AND CAPITAL ENVIRONMENT AND OUR BALANCE SHEET 13
Slide 14: CEO's Address: In Closing
For personal use only CEO’S ADDRESS IN CLOSING
Slide 15: Items of Business
HUMMGROUP AGM // 17 NOVEMBER 2022 ITEMS OF BUSINESS For personal use only 01 | Consideration of Reports 02 | Re-election of Director, Mr Stuart Grimshaw 03 | Re-election of Director, Ms Teresa Fleming 04 | Re-election of Director, Mr Anthony Thomson 05 | Re-election of Director, Mr Robert Hines 06 |
Slide 16: Consideration of Reports
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 1. For personal use only Consideration of Reports To receive and consider the Company’s Financial Report, Directors’ Report and the Independent Auditor’s Report for the year ended 30 June 2022. 16
Slide 17: Re-election of Director, Mr Stuart Grimshaw
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 2. For personal use only Re-election of Director, Mr Stuart Grimshaw To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Mr Stuart Grimshaw, a Director of hummgroup limited who retires in accordance with Article 10.
Slide 18: Re-election of Director, Mr Stuart Grimshaw: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 2. For personal use only Re-election of Director, Mr Stuart Grimshaw Proxy numbers For — 258,303,841 95.83% Against — 10,115,439 3.75% Open — 1,110,746 0.41% Abstain — 359,960 18
Slide 19: Re-election of Director, Ms Teresa Fleming
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 3. For personal use only Re-election of Director, Ms Teresa Fleming To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Ms Teresa Fleming, a Director of hummgroup limited who retires in accordance with Article 10.3(
Slide 20: Re-election of Director, Ms Teresa Fleming: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 3. For personal use only Re-election of Director, Ms Teresa Fleming Proxy numbers For — 266,237,746 98.80% Against — 2,116,134 0.79% Open — 1,128,746 0.42% Abstain — 407,360 20
Slide 21: Re-election of Director, Mr Anthony Thomson
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 4. For personal use only Re-election of Director, Mr Anthony Thomson To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Mr Anthony Thomson, a Director of hummgroup limited who retires in accordance with Article 10.
Slide 22: Re-election of Director, Mr Anthony Thomson: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 4. For personal use only Re-election of Director, Mr Anthony Thomson Proxy numbers For — 266,739,602 98.99% Against — 1,598,278 0.59% Open — 1,135,146 0.42% Abstain — 416,960 22
Slide 23: Re-election of Director, Mr Robert Hines
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 5. For personal use only Re-election of Director, Mr Robert Hines To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Mr Robert Hines, a Director of hummgroup limited who retires in accordance with Article 10.3(b) o
Slide 24: Re-election of Director, Mr Robert Hines: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 5. For personal use only Re-election of Director, Mr Robert Hines Proxy numbers For — 266,729,224 98.98% Against — 1,402,187 0.52% Open — 1,338,782 0.50% Abstain — 419,793 24
Slide 25: Adoption of Remuneration Report
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 6. For personal use only Adoption of Remuneration Report To consider and, if thought fit, to pass the following non-binding resolution of the Company: That, for the purposes of section 250R(2) of the Corporations Act 2001 (Cth), the Company’s Remuneration Repor
Slide 26: Adoption of Remuneration Report: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 6. For personal use only Adoption of Remuneration Report Proxy numbers For — 128,587,993 91.88% Against — 10,345,197 7.39% Open — 1,012,135 0.72% Abstain — 725,032 26
Slide 27: Ratification of Appointment of Auditor
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 7. For personal use only Ratification of Appointment of Auditor To consider and, if thought fit, to pass the following ordinary resolution of the Company: That for the purposes of section 327B(1)(b) of the Corporations Act 2001 (Cth) and for all other purposes,
Slide 28: Ratification of Appointment of Auditor: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 7. For personal use only Ratification of Appointment of Auditor Proxy numbers For — 267,333,673 99.13% Against — 1,297,696 0.48% Open — 1,058,867 0.39% Abstain — 199,750 28
Slide 29: Renewal of Proportional Takeover Provisions
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 8. For personal use only Renewal of Proportional Takeover Provisions To consider and, if thought fit, to pass the following as a special resolution of the Company: That, the proportional takeover provisions in Articles 6.9 – 6.13 of the Company’s Constitution,
Slide 30: Renewal of Proportional Takeover Provisions: Proxy numbers
HUMMGROUP AGM // 17 NOVEMBER 2022 Item 8. For personal use only Renewal of Proportional Takeover Provisions: Proxy numbers For — 265,874,757 98.83% Against — 2,020,000 0.75% Open — 1,139,868 0.42% Abstain — 855,361 30
Slide 31: Thank You
For personal use only THANK YOU
Slide 32: Disclaimer
HUMMGROUP AGM // 17 NOVEMBER 2022 DISCLAIMER For personal use only No recommendation, offer, invitation or advice and its related bodies corporate, directors, officers, employees, advisers and agents disclaim all This presentation is not a financial product or investment advice or recommendation, of