Slide 1: Financial Year 1H19 Results
Financial Year 1H19 Results Investor presentation 20 November 2018 1
Slide 2: Agenda
Agenda 1. 1H19 Summary 2. 1H19 Financial results 3. FY19 Outlook 4. Q&A 5. Appendix 2
Slide 3: 1H19 Summary
1H19 Summary Skander Malcolm Chief Executive Officer and Managing Director 3
Slide 4: Strong revenue momentum continues
Strong revenue momentum continues Good revenue drivers continue • Record half for NOI & revenue1, corporate up 19%, consumer up 8% NOI • Double digit revenue growth across all regions: Asia + 29%, North $59.9m 11.6% America + 18%, A&NZ +11%, Europe +13% • Transactions up 11%, transactions per active
Slide 5: Fundamentals continue to improve
Fundamentals continue to improve Stable active clients Significant increase in Strong growth in Continue to attract high Client value increases with growth expected client activity … transaction volumes … ATV clients … turnover across the group in 2H Transactions Active clients Transactions ATV Turn
Slide 6: Continued revenue momentum despite low volatility
Continued revenue momentum despite low volatility Quarterly NOI growth 7.1% 11.5% 13.0% 10.3% Daily volatility outside 1Q 2Q 1H bands Volatility +/- 15 bps Days Includes Brexit FY17 31 12 43 FY18 9 12 21 FY19 18 12 30 3Q 4Q 1Q 2Q FY17 FY18 FY19 Volatility in 1H19 vs 1H18 (AUD/USD) 0.400% Quarter 1 Q
Slide 7: 1H19 Financial results
1H19 Financial results Selena Verth Chief Financial Officer 7
Slide 8: 1H19 Financial Results
1H19 Financial Results Financial results 1H18 2H18 1H19 Var %3 Financial Metrics Heathy financial indicators Fee and trading income ($m) 58.1 61.0 65.0 11.9% • Lead revenue indicators Net operating income ($m) 53.6 56.3 59.9 11.6% • Active client growth in North America, Asia, and corporate Operatin
Slide 9: Good discipline in operating expenses while investing for growth
Good discipline in operating expenses while investing for growth Operating expenses $m 1H18 2H18 1H19 Var % Focused cost management and visibility Employee expense (23.6) (22.5) (26.7) 13.2% • Employee costs increased 13%, driven by ongoing investment in Promotional expense (7.8) (8.3) (9.5) 21.8% r
Slide 10: FY19 Outlook
FY19 Outlook Skander Malcolm Chief Executive Officer and Managing Director 10
Slide 11: 1H19 strategy update
1H19 strategy update Growth drivers Client Experience Geographic Expansion Partnerships • New releases of website, app and • Staff +34% in North America and • Strong commercial pipeline pipeline of changes underway in 2H +64% in Asia opportunities in 1H • NPS score up from 59.8 to 67.9 • Promotional
Slide 12: FY19 – Summary outlook
FY19 – Summary outlook Financial commitments Continued revenue momentum, October trading up 15.5% 2H19 focus areas • Grow active clients by delivering Deliver an annual positive improvements to customer experience operating leverage on an and conversion rates EBITDA1 basis • Driving our corporate gr
Slide 13: Q&A
Q&A 13
Slide 14: 1H19 Appendix
1H19 Appendix 14
Slide 15: Diverse revenue growth, strong global platform
Diverse revenue growth, strong global platform Revenue Turnover + 8.7% Transactions + 2.5% 1H17 2H17 1H18 2H18 1H19 Europe Revenue North America Asia Revenue 1H17 2H17 1H18 2H18 1H19 Turnover + 17.7% Transactions + 74.0% A&NZ 1H17 2H17 1H18 2H18 1H19 Turnover + 18.5% Revenue Transactions + 21.4% Tur
Slide 16: Revenue driven by strong portfolio of returning clients
Revenue driven by strong portfolio of returning clients Consumer revenue $m 40 35 30 25 20 15 10 5 - Active Clients at Returning clients 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 New clients 30-Sep-18 72% 28% 158.8k / Up from 70% in Down 0.8% from 1H18 30-Sep-17 Corporate revenue $m 30 25 20 15 1
Slide 17: Strong balance sheet and excellent cash flow generation
Strong balance sheet and excellent cash flow generation $m 31-Sep-17 31-Mar-18 30-Sep-18 • Strong cash generation of $15.8m Assets • Investment in capex of $4.1m to enhance the customer experience and Cash held for own use 34.8 47.3 49.5 reliable, scalable systems Cash held for settlement of client
Slide 18: OFX Group Limited (ABN 12 165 602 273)
The material contained in this document is a presentation of general information about OFX Group Limited (Company) and its activities current as at 20 November 2018. Material is provided in summary only and does not purport to be complete. The material contained in this document has been prepared wi