Change Financial Ltd · ASX:CCA
Change Financial — Q3 FY24 Earnings Presentation
15 slides from Change Financial's earnings presentation, Apr 29, 2024
Slide 1: Q3 FY24 Investor Presentation
For personal use only Q3 FY24 Investor Presentation 29 April 2024
Slide 2: Delivering innovative and scalable payments solutions
Delivering innovative and scalable payments solutions u Change leverages innovative and scalable technology to provide tailored payment solutions, card issuing and testing to 150+ Payments solutions banks & fintechs across 40+ countries provider driving u Two core products in the banking & payments
Slide 3: Key Highlights
Key Highlights Record revenue quarter u Contract wins and PaaS Client migrations are driving growth in key metrics driven by an increase in professional services revenue and an increasing contribution US$3.0m 25% 19k+ 185% 57% For personal use only from PaaS clients as PCP QoQ they continue to (A$4.
Slide 4: Vertexon PaaS Metrics
Vertexon PaaS Metrics PaaS platform starting c.60% of NZ financial institution client cards migrated Active Cards to scale with volumes Remaining cards expected to be migrated by June 2024 21,000 increasing as cards 18,000 Expected to deliver revenue of US$2.1m+ (A$3.2m) pa migrate to Change 15,000
Slide 5: Financial Update – Q3 FY24
Financial Update – Q3 FY24 Significant PaaS Q3 FY24 revenue of US$3.0m (A$4.6m¹), up 25% pcp Revenue by Quarter (US$m) revenue ramp up Record revenue quarter 3.0 underway Growth driven by increased professional services 2.4 2.4 2.3 2.3 2.2 revenue and initial PaaS revenue 1.9 1.9 2.1 2.0 2.0 PaaS cl
Slide 6: Delivering on Key Milestones – H2
Delivering on Key Milestones – H2 Clear and focussed 1 Shared Success & Growth operational roadmap to Complete migration of NZ financial institution client cardholders to drive transactional revenue growth – IN PROGRESS deliver shareholder value c.60% cards already migrated – full migration expected
Slide 7: Delivering on Key Milestones – H2 (cont.)
Delivering on Key Milestones – H2 (cont.) Clear and focussed 2 Operational Excellence operational roadmap to deliver shareholder Strengthen & refine core operations and capabilities – compliance, security, fraud & transaction monitoring – IN PROGRESS value Strong base operations and capabilities in
Slide 8: Outlook
Outlook u Profitable revenue growth Focused execution and delivery to achieve u Focused on delivering profitable revenue growth in FY24+ success u Migration of NZ cards to Vertexon well underway – PaaS revenue generation has commenced u PaaS revenue will continue to increase as migrations complete a
Slide 9: Appendix
For personal use only Appendix
Slide 10: Vertexon in the payments process
Vertexon in the payments process Change’s role in the u Processing: An Issuer (Change’s client) using the Vertexon Processing: Customer pays with card (all card networks payments process Platform (technology only) to manage their cards – client is supported) & purchases goods/services from merchant
Slide 11: Vertexon product offering
Vertexon product offering Vertexon offering can Processing Processing & Issuing be tailored by client to • Provide core technology to enable card issuing and • Provide Processing capability + the following key card offer services that best management including: Issuing capabilities: suit client and
Slide 12: Vertexon issuing capabilities
Vertexon issuing capabilities All regulatory and Change has completed all necessary regulatory and licensing requirements to enable card issuing in Australia, NZ and the US licensing requirements Change can now issue debit and prepaid cards in Australia, NZ and the US for card issuing in Mastercard
Slide 13: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool Software facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms, processes & scheme rule compliance without the need for u Enables financial insti
Slide 14: Disclaimer
Disclaimer Change Financial Important Notice This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness Limited of the information in this document or the accompanying presentation. All
Slide 15: Thank you.
Thank you. For personal use only Get in touch investors@changefinancial.com