Findi Limited · ASX:FND
Findi — Investor Presentation (October 2023)
12 slides from Findi's investor presentation, Oct 24, 2023
Slide 1: Capex & Cashflow Return Analysis
ASX:FND CAPEX & CASHFLOW RETURN ANALYSIS OCTOBER 2023
Slide 2: Findi provides bespoke payments services at scale
Processing over 1 billion transactions a year, Findi provides bespoke payments services at scale, in one of the world’s largest developing markets. The Company is estimated to deliver Total Revenue and EBITDA of $67.3M and $23.6M in FY24, respectively, in line with previous guidance, driven by Q1 FY
Slide 3: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is FORWARD-LOOKING STATEMENTS authorised for release by its Directors. You must read and accept the conditions in this notice before This Presentation contains forward looking
Slide 4: FY24 at a Glance
FY241 AT A GLANCE Findi is on track to deliver our previous FY24 guidance for Revenue, EBITDA and Operating Cash Flows (OCFs) of $67.3M, $23.6M, and $20.6M, respectively, aided by the expected full deployment of Central Bank of India (CBI) ATMs, providing significant scale & sustainable cash flow co
Slide 5: Our Strategic Initiatives
OUR STRATEGIC INITIATIVES Under the current Board, Findi has achieved a series of key milestones, including the 100% acquisition of TSI India and executing a landmark BLA deal with CBI. Delivery of our strategic objectives & scale has significantly improved our cash flow conversion, and will continu
Slide 6: FY23 & FY24 Quarterly OCFs
FY23 & FY24 QUARTERLY OCFs During Q1 FY24, Findi’s experienced strong growth in operating cash flows to $5M (+45.5% on Q4 FY23), driven by higher & sustained cash conversion from EBITDA, creating a robust cash position of $35.4M, as of 30 June 2023… Cash conversion: (42%) 3% 53% 55% 109% 71% 87% 88%
Slide 7: FY24 Free Cash Flow Bridge
FY24 FREE CASH FLOW BRIDGE FCF conversion is budgeted achieve 61.3% ($14.5M) in FY24, as we work towards finalising the CBI ATM rollout by the end of November 2023. Further, we are projecting to reduce corporate debt by $6.8M, resulting in Free Cash Flow to Equity (FCFE) of $7.6M, which can be deplo
Slide 8: Our Typical BLA Project
OUR TYPICAL BLA PROJECT A typical Findi-owned ATM delivers an enviable $65K+ of cumulative FCFs over its lifespan of 12 years. Initial capex requirements are expected to be recouped in ~3 years, providing a platform for 8+ years of highly profitable FCF generation… $15K $70K $65K+ Investment phase C
Slide 9: Quarterly Net Debt Position
QUARTERLY NET DEBT POSITION As of 30 June 2023, Findi’s net debt position was $21.7M. We plan to leverage the Company’s strong forecast operating cash flows in FY24, to pay-down corporate debt, resulting in a net debt position of $13.1M by 31 March 2024… $60M Forecast $40M $20M 35.4 37.0 39.5 40.8 3
Slide 10: Questions
FiNDI QUESTIONS
Slide 11: Appendix 1: Quarterly cash flow statements
APPENDIX 1 Quarterly cash flow statements… Actual Actual Actual Actual Actual Forecast Forecast Forecast $M Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Profit for the period 0.1 0.1 0.4 1.8 0.4 0.9 1.9 0.8 Net finance (income)/costs 0.6 1.4 1.2 1.0 1.0 1.5 1.4 1.3 Depreciation &
Slide 12: E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne
E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findi.co