Income Asset Management Group Limited · ASX:IAM
Income Asset Management — Shareholder Meeting (November 2019)
28 slides from Income Asset Management's shareholder meeting presentation, Nov 26, 2019
Slide 1: AGM Chairman's Address and Presentation
ASX RELEASE 26 November 2019 AGM Chairman’s Address and Presentation Sydney, Australia; 26 November 2019: Attached is the Chairman’s address together with the presentation to the Annual General Meeting of Cashwerkz Limited (ASX: CWZ), to be held at 11:30am today. The AGM will be recorded and audio w
Slide 2: Chairman's Address
Chairman’s Address Cashwerkz Limited Annual General Meeting 26 November 2019 Good Morning, On behalf of the Cashwerkz Board, it is with great pleasure that I welcome you to the 2019 Annual General Meeting. This year we have been pleased with achieving significant growth of funds on the platform, inn
Slide 3: Chairman's Address (continued)
In addition to thanking our employees, I would like to thank my board colleagues for their insights and commercial acumen throughout the year. Michael Hackett, Brook Adcock and Nathan Leman who have been part of the journey since merging Trustees Australia and Cashwerkz in 2017, and Craig Swanger, a
Slide 4: 2019 Annual General Meeting
2019 Annual General Meeting 1 1
Slide 5: Disclaimer
DISCLAIMER Disclaimer: Commercial in Confidence. Not to be shared or reproduced without the authority of Cashwerkz Limited (ACN: 010 653 862). Cashwerkz Group I Cashwerkz Limited ABN 42 010 653 862 AFSL 260033 | Cashwerkz Technologies Pty Ltd ABN 70 164 806 357 AFSL 459645 | RIM Securities Ltd ABN 8
Slide 6: Cashwerkz Board
Cashwerkz Board John Nantes Brook Adcock Craig Swanger Nathan Leman Executive Chairman Michael Hackett Director Non-Executive Director Director Director Brook has already had several Craig is one of the most highly Nathan was appointed as a director John holds three bachelor degrees Michael was the
Slide 7: Leadership Team
Leadership Team Hector Ortiz Peter Whitfield Katherine Sadler Glen Kotopoulos Jorge Marrero Head of Sales & Head of Product Chief Technology Officer Head of Marketing & Chief Operating Officer & Global Distribution / Acting CEO Investor Relations Head of ADI Relationships Hector is responsible for t
Slide 8: Year on Year Growth
Year on Year Growth 2018 2019 ADI Growth 12 49 NEO banks 0 3 known and growing Datafeed Platforms 1 3 known and growing (Praemium, Agility and xPlan) Press Releases 3 23 press releases in the last 11 months Technology positioning Portal Marketplace Brand Unknown Regtech and Fintech Transacted $324m
Slide 9: Start of the journey
Start of the journey NORMALISED EXPENSES ACTIVE GROWTH $4.5M $1.028 DEPOSIT REVENUE FY18 FY19 $324M FY18 FY19 PIPELINE §9,2B FYi8 FY19 FY20 Cashwerkz
Slide 10: Cashwerkz Opportunity
Cashwerkz @ Opportunity 25 2.00% 2 1.90% 1.90% 175% 1.80% 175% 1.80% 1.65% 1.65% 1.70% ass 1.60% 1.60% 1.60% 1.60% 2 1.45% gs a 3g £4 os ° 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 8 months 10 months 11 months 1 year 2 years 3 years 4 years 5 years Term @ Highest Rates @
Slide 11: Cashwerkz has transformed the $2.1T cash and deposit marketplace
Cashwerkz has transformed the $2.1T cash and deposit marketplace • We are a Regtech and Fintech creating the first to solve for the second. • We own our KYC/AML, the banks trust our process of identification and we onboard the customer to them at no cost to them. • We add value to every player in th
Slide 12: 2019 Summary
2019 Summary Interest Rate month 2 months Rates last refreshed 13 Nov, 2019 11:03:29 am 3 months 1.90% 1.65% 1.55% is 1.45% 1 os 0 4 months 2.00% 5 months 6 months 1.75% 1.60% 1.60% / 7 months 8 months 3 months 10 months 11 months © 2019 Cashwerk, Cashwerkz.
Slide 13: Inaugural milestones
Inaugural milestones • Total revenue increased by 38% to $ 1,152m versus FY18 revenue of $836k • TAU strategic review completed pathway forward is exciting for shareholders • 49 ADI’s and growing creating the leading marketplace for cash and TDs in Australia • Successful capital raise of net $9.3m •
Slide 14: Figures as at 30 September 2019
Figures as at 30 September 2019 11
Slide 15: 49 Partners
49 Partners Major Domestic Banks Regional Banks Additional Banks AMP Bank Ltd Adelaide Bank People’s Choice Credit Union ANZ Australian Military Bank Ltd Australian Unity Bank Macquarie Bank Limited Auswide Bank Ltd Bank First NAB Bank of us Beyond Bank Australia Bank Australia Bank VIC Internationa
Slide 16: FY19 Highlights
FY19 Highlights e 25 2.00% 2 1.90% 175% 1.80% 175% 1.80% 1.65% 1.65% 1.70% ss 1.60% 1.60% 1.60% 1.60% £us 1.45% a 3 go os ° 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months months TO months 11 months year 2 years 3 years 4 years 5 years Term @ Highest Rates @ Lowest Rates Rates
Slide 17: Key Highlights
Key Highlights STRONG TRANSFORMING SUPERIOR FUTURE RESULTS THE WAYWE TECHNOLOGY & GROWTH INVEST INCASH INNOVATION POTENTIAL • Total revenue increased by 38% to $ • Exciting new product opportunity for direct • In demand by banks,advisers and dealer • Strong pipeline 1,152m versus FY18 revenue of $83
Slide 18: 2019 normalised results
2019 normalised results Cashwerkz - Consolidated 2019 2018 $7000 $7000 REVENUE FROM ORDINARY ACTIVITIES O Revenue — deposits 1,000 627 EXPENSES FROM ORDINARY ACTIVITIES Business operating costs (1,360) (798) Employment expenses (3,299) (2,523) Property operating expenses (251) (292) Other expenses.
Slide 19: Statutory results
Statutory results Cashwerkz - Consolidated 2019 2018 $’000 $7000 CONTINUING OPERATIONS, Financial services income 1,153 836 Other income - 3,003 TOTAL REVENUE 1,153 3,839 EXPENSES Business operating costs (1,360) (798) Depreciation and amortisation (1,311) (1,181) Employment expenses (4,284) (2,523)
Slide 20: Balance sheet
Balance sheet Cashwerkz - Consolidated 2019 2018 % Change $7000 $7000 ASSETS CURRENT ASSETS Cash and cash equivalents 5,153 402 1183% Trade and other receivables 381 363 5% Other current assets 355 263 35% TOTAL CURRENT ASSETS 5,889 1,028 473% NON-CURRENT ASSETS Intangibles 8,884 10,159 -13% Propert
Slide 21: Cash flow
Cash flow Cashwerkz - Consolidated 2019 2018 $’000 $000 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 913 850 Payments to suppliers and employees (6,068) (4,341) Interest received 119 9 Finance costs (2) (12) NET OPERATING CASH FLOWS (5,038) (3,494) CASH FLOWS FROM INVESTING ACTIVITIE
Slide 22: Growth Outlook FY20 and Beyond
Growth Outlook FY20 and Beyond 19
Slide 23: Cashwerkz defies cash and yield downward trend
Cashwerkz defies cash and yield downward trend OF ONCEPT lemonstrate strong flows \tinue pipeline growth and * Demonstrate revenue growth accelerate conversion from the flows * Increase products along yield * Increase ADI's, create our curve {o increase offer market place * Increase ADIs including *
Slide 24: Sales and product pipeline
Sales and product pipeline SALES PIPELINE ($9.2B) $1B SMSF + Super Platforms RIM Securities $2B $1.2B $500M Execution (P1) $500M Execution (P2) $1B Dealer groups $1B Stockbrokers Institional PRODUCT PIPELINE Growth and scale being achieved through consistent product extension, to include: * Term dep
Slide 25: US Dollar Opportunities
US Dollar Opportunities Cashwerkz.
Slide 26: Cashwerkz will offer US Dollars to Australian institutional investors
Cashwerkz will offer US Dollars to Australian institutional investors • Finalising a solution to facilitate access to over 300 banks • Expand US Gov’t Guarantee to $30m per Australian entity • Kick start with $25million volume which will be processed manually. • Cashwerkz Marketplace automation for
Slide 27: Thank you
Thank you 28 Interest Rate month 2 months Rates last refreshed 13 Nov, 2019 11:03:29 am 3 months 1.90% 1.65% 1.55% : ° , : 4 months 2.00% 1.75% 1.65% 1.60% 1.60% : 1.60% 1.60% 5 months 6 months 7 months 8 months @ Highest Rates 9 months Term © Lowest Rates 10 months 11 months year 1.80% 175% 1.70% :
Slide 28: Cashwerkz Limited
Cashwerkz Limited ABN 42 010 653 862 Level 1, 200 Creek Street Brisbane QLD 4000 GPO Box 6 2 Brisbane QLD 4001 5
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