Cash Converters International Limited · ASX:CCV
Cash Converters International — HY2014 Earnings Presentation
14 slides from Cash Converters International's earnings presentation, Feb 17, 2014
Slide 1: Investor Presentation February 2014
For personal use only Investor Presentation February 2014
Slide 2: HY2014 Results
HY2014 Results For personal use only HY2014 HY2013 Move Revenue $m $155.6 $134.9 +15.3% EBITDA $m $21.7 $30.4 -28.5% EBIT $m $17.9 $27.6 -35% NPAT $m $9.9 $18.4 -60.6% EPS $ $0.023 $0.047 -51.1% DPS $ $0.02 $0.02 - Payout Ratio 87.0% 42.6% Dividend of $0.02 per share (fully franked) payable on 28 Ma
Slide 3: HY2014 Segment Results
HY2014 Segment Results For personal use only Divisional EBITDA 31 Dec 2013 31 Dec 2012 Variance Franchise Operations $3,179,386 $3,165,102 +0.5 Store Operations $6,870,046 $6,501,637 +5.7 Financial Services - Administration $4,920,328 $7,328,828 -32.9 Financial Services – Personal Loans $18,288,097
Slide 4: Business Model
Business Model For personal use only • Corporate and Franchised Store retail network driving sales of financial services products • The major revenue segments are: Franchise operations Retail store operations and pawn-broking (company owned stores) Personal Finance – cash advance and pay-day l
Slide 5: HY 2014 Overview
HY 2014 Overview For personal use only First quarter transitionary. The first quarter was impacted by the transition to the new Australian regulatory regime Strong recovery experienced in the second quarter. This upward trend should continue in the second-half, following a record breaking Decemb
Slide 6: Australian Personal Loan Book
Australian Personal Loan Book For personal use only Trending strongly since September Low as we transitioned to the new regulatory regime Produced EBITDA of $17.4m (2012HY: $18.6m) Bad debt percentage of principal written off to principal advanced remained constant at 5.6% The Second quarter i
Slide 7: Australian Cash Advance
Australian Cash Advance For personal use only Improved Second Quarter Volumes The Australian cash advance business suffered a drop in the volume of loans advanced compared to the pcp Margin per loan from Jul 2013 decreased, as a result of implementing the new rate cap required by the new regulat
Slide 8: Online Loan Growth
Online Loan Growth For personal use only Very strong online loan growth following launch of mobile phone/ tablet application Online Personal Loan Volumes Online Cash Advance Volumes Average loan $1,135 Average loan $419 64% new customers 63% new customers Page 8
Slide 9: Regulatory Environments
Regulatory Environments For personal use only Cash Converters has significant experience operating in a number of regulatory regimes United Kingdom – Regulatory Environment The treasurer recently announced that a rate cap is to be introduced effective from 2 January 2015. The FCA has been given a le
Slide 10: Carboodle
Carboodle For personal use only Carboodle was established as Green Light Auto Group Pty Ltd (“GLA”) in 2010. Carboodle is a licensed motor vehicle dealer providing customers who don’t have access to main stream credit with a reliable and well maintained car (retail and commercial). Carboodle provide
Slide 11: Carboodle Active Leases
Page 11 For personal use only Active Leases Carboodle
Slide 12: The Outlook
The Outlook For personal use only The first half result reflects the regulatory regime transition that the Company is going through in Australia Since a low point in September, lending volumes in Australia have been increasing A significant part of loan volume growth has come from our online p
Slide 13: Appendices
Page 13 For personal use only Appendices
Slide 14: Financial Performance
Page 14 For personal use only Financial Performance
Cash Converters International — HY2014 Earnings Presentation on 6ix