Eml Payments Ltd. · ASX:EML
Eml Payments — Emerchants — BAML Emerging Stars Conference 2014
20 slides from Eml Payments's conference presentation, Oct 15, 2014
Slide 1: Investor Presentation ASX announcement cover letter
15 October 2014 For personal use only ASX Market Announcements Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 INVESTOR PRESENTATION Please find attached an Investor Presentation which Emerchants Limited’s (ASX: EML) Managing Director, Tom Cregan, will be presenting to invest
Slide 2: BAML Emerging Stars Conference October 2014
For personal use only BAML Emerging Stars Conference October 2014 1
Slide 3: Important Notice
Important Notice For personal use only emerchants refers to the Emerchants Group which contains Emerchants Limited and its We believe the information provided herein is reliable, as of the date hereof, but do not wholly owned subsidiaries including Emerchants Payment Solutions Limited. warrant its a
Slide 4: Mission: Empowering Your Money
For personal use only Mission empowering | Your Money To transform the commercial payment solutions landscape by inspiring companies and their customers to demand more control, more transparency and more flexibility over their money. 3
Slide 5: Our Value Proposition
Our Value Proposition For personal use only 4
Slide 6: Sources of Revenue Are Balanced
Sources of Revenue Are Balanced Customer info system authorises transaction and adjusts cardholder account balance For personal use only emerchants issues prepaid card emerchants 21% of Revenues software Set up fee Card Production Transaction request sent to Transaction authorised emerchants CAR fee
Slide 7: Performance Metrics – FY15 Trading Update
Performance Metrics – FY15 Trading Update FY14 vs. FY13 and trading update to Q1FY15 For personal use only Millions Total dollars loaded onto prepaid platform ($m) Millions Total number of Active Accounts (m) 200 1.00 168.50m Non-reloadable Non-reloadable 180 0.90 Reloadable Reloadable 160 0.80 135.
Slide 8: Performance Metrics – FY15 Trading Update
Performance Metrics – FY15 Trading Update FY14 vs. FY13 and trading update to Q1FY15 For personal use only Millions Key Transactions (m) Stored Value ($m) Millions 45 Non-reloadable Non-reloadable 5.00 4.48m Reloadable 40 Reloadable 3.94m 35 4.00 31.00m 30 27.38m 3.00 25 20.86m 20.23m 20 2.00 1.52m
Slide 9: Trading Update FY15 – Sales Pipeline
Trading Update FY15 – Sales Pipeline • Existing Business: For personal use only • Previously advised flat guidance for non-reloadable versus FY14 but appear on track for 5-10% growth in FY15 • Reloadable metrics up 182% on Loads, 210% on Transactions and 104% on Stored Value versus PCP • Consumer Le
Slide 10: New Re-Loadable Programs in Market
New Re-Loadable Programs in Market For personal use only 9
Slide 11: New Re-Loadable Programs Launching in FY15
New Re-Loadable Programs Launching in FY15 For personal use only 10
Slide 12: Financials: Statement of Profit and Loss
Financials For personal use only Statement of Profit and Loss for 12 months ended 30 June 2014 12 months 12 months • Flat revenue growth due to ('000) %∆ slowdown in gift volumes and to June 13 to June 14 set up fees for new programs Breakage income 984 1,152 17% falling into July 2014, the Establis
Slide 13: Financials: Statement of Financial Position and Cash Flow
Financials For personal use only Statement of Financial Position and Cash Flow for 12 months ended 30 June 2014 Summary of Financial Position 12 months 12 months (‘000) to June 13 to June 14 %∆ Cash and cash equivalents 1,359 4,496 231% Other receivables and other assets 1,490 1,790 20% Plant and eq
Slide 14: Introduction to SFUK
Introduction to SFUK • EML is seeking to acquire 100% of SFUK, subject to shareholder approval: For personal use only • Purchase price of $24.9m within the independent valuation range • Capital raise concluded at $0.50c to institutions and sophisticated investors • Acquisition to be deemed both fair
Slide 15: Key SFUK Customers
Key SFUK Customers For personal use only • Kleppierre (Spain, Portugal & Italy) • Devimo (Belgium) • Lend Lease Portfolio • Land Securities Portfolio • McArthur Glen Portfolio (6 Countries) • Corio (Germany) • Gentalia (Spain) • British Land Portfolio • Regent Street • Standard Life Portfolio • BTWS
Slide 16: SFUK Sources of Revenue Are Similar to EML
SFUK Sources of Revenue Are Similar to EML Customer info system authorises transaction and adjusts cardholder account balance For personal use only SFUK issues prepaid card SFUK/Store Circa 15% of Revenues software Set up fee Card Production Transaction request sent to Transaction authorised SFUK Tr
Slide 17: SFUK track record of growth
SFUK track record of growth For personal use only Card Activation Value (£ million) 84.6 Number of Programs 16% pa 90 120 107 43% pa 80 100 100 70 80 55.4 77 60 80 44% pa 50 91% pa 41.6 59 60 40 33.0 40 30 40 35 22.6 25 20 12.0 14.2 8.1 20 9 10 0.9 0 0 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14F CY15F
Slide 18: Pro forma Performance Metrics
Pro forma* Performance Metrics FY14 vs. FY13 and trading update to August 2014 For personal use only Total dollars loaded ($m) Total number of Active Accounts (m) 300 1.20 1.09m 1.12m 253.36m 1.02m 0.97m 250 1.00 200 194.14m 0.80 150 0.60 100 0.40 69.15m 50 30.29m 0.20 0 0.00 FY13 FY14 Jul - Aug 13
Slide 19: Pro forma Performance Metrics
Pro forma* Performance Metrics FY14 vs. FY13 and trading update to August 2014 For personal use only Key Transactions (# m) Store Value ($m) 7.00 60 6.24m 50.66m 6.00 50 47.80m 4.78m 5.00 38.89m 40 35.85m 4.00 30 3.00 2.04m 20 2.00 1.03m 1.00 10 0.00 0 FY13 FY14 Jul - Aug 13 Jul - Aug 14 FY13 FY14 J
Slide 20: Investment Fundamentals
Investment Fundamentals For personal use only • Highly scale-able, diversified and predictable revenues • Adequate cash on hand with $3.8m and decreasing cash burn in FY15 due to new program launches – Q1FY15 Operating cash flow of -$350K excluding CAPEX and SFUK Transaction costs Financial • No cre