Finseta Plc · LSE:FIN
Finseta — Cornerstone FS — Investor Presentation (January 2024)
19 slides from Finseta's investor presentation, January 2024
Slide 1: Premium Payment Solutions
Cornerstone > PREMIUM PAYMENT SOLUTIONS
Slide 2: Disclaimer
Disclaimer The information contained in this confidential document and communicated during any delivery of the presentation, including the talks given by the presenters, any question and answer session and any document or material distributed at or in connection with the presentation (the “Presentat
Slide 3: Introduction
»> Introduction
Slide 4: Experienced Leadership
Experienced Leadership James Hickman Judy Happe Jordanna Curtis CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER CHIEF OPERATIONS OFFICER Over 25 years in the Financial Services Judy has extensive experience of raising Jordanna is an experienced projects and industry with the last 20 years' experienc
Slide 5: About Cornerstone
About Cornerstone Proprietary technology platform WHAT WE DO? Currency risk management, payment and electronic account services 58+ KEY CURRENCIES Solving currency and Innovating through payment challenges partnerships and for businesses and expanding its payment 150+ capabilities individuals around
Slide 6: Our Technology
Our Technology In-house Stable and High-Priority platform Scalable Security Front office system, which allows Deployed on Amazon Web The platform and APIs are customers to self-service. Services (AWS) and built within a secured using OAuth2 / OpenId microservices architecture. Connect methodologies
Slide 7: 2023 Highlights
>> 2023 Highlights e® ©
Slide 8: 2023 Highlights
2023 Highlights ➢ Strong revenue growth ➢ EBITDA positive ➢ Improved cash position ➢ Sales growth ➢ Effective cost control ➢ Increase in payment corridors ➢ Increase in number of counterparties ➢ Increase in referral network ➢ Consumer Duty/Regulation ➢ Sale of Capital Currencies ➢ Completion of sal
Slide 9: Financial Highlights
Financial Highlights Half-yearly revenue £’000 7,000 +105% 5,998 6,000 5,000 H2 23 OVER H2 22 4,000 3,602 906 2,926 ACTIVE CUSTOMERS 3,000 customers who traded through Cornerstone in +67% 1,896 2023, up 13% from 803 2,000 1,465 customers in 2022. 837 Average revenue per 1,000 customer increased by H
Slide 10: Financial Highlights: Positive EBITDA
Financial Highlights Positive EBITDA GROWTH H1 21 H2 21 H1 22 H2 22 H1 23 H2 22 H2 23 (P) vs H2 23 (P) vs £'000 (A) (A) (A) (A) (A) (P) H2 22 H1 23 Revenue 837 1,465 1,896 2,926 3,602 5,998 67% 105% Gross Profit 319 868 1,169 1,768 2,196 3,852 75% 118% MAIDEN FULL YEAR ADJUSTED Gross Margin 38% 59%
Slide 11: Financial Highlights: Cash from operating activities and closing cash
Financial Highlights Cash from operating activities & closing cash £’000 1,500 2,500 1,286 Year- end cash of: £2.3m 1,000 2,000 Cashflow from operations Closing cash 500 1,500 114 0 1,000 Returned to net cash H1 21 (A) H2 21 (A) H1 22 (A) H2 22 (A) H1 23 (A) H2 23 (P) position (less £2.2m loan (139)
Slide 12: Our Strategy
Our Strategy
Slide 13: Our Strategy
Our Strategy Expanding our Geographic and Market footprint Enhancing our product capabilities Futureproofing the business 13 CONFIDENTIAL | COPYRIGHT 2024
Slide 14: Our Strategy: Expanding our Geographic and Market footprint
Our Strategy 58+ Expanding our Geographic and Market footprint KEY CURRENCIES 150+ COUNTRIES CUSTOMERS CAN SEND FUNDS TO Creation of Custom Delivering our existing Expanding the Cornerstone Solutions Sales Team product to new markets Payment Network ▶ Restructuring of UK sales ▶ Expanding our relati
Slide 15: Our Strategy: Enhancing our product capabilities
Our Strategy Global eIDV SCREENING Enhancing our product capabilities eKYC/eKYB ONBOARDING TOOL Card programme launch Customer focused product Compliance System 2024 growth Development ▶ Hire of Card Expert to ▶ Implementation of customer ▶ Investment in Dynamic Risk create and drive Card feedback p
Slide 16: Our Strategy: Futureproofing the business
Our Strategy CANADA REGULATORY Futureproofing the business LICENCE (2024) UAE REGULATORY LICENCE (2024) Payment Diversification In House Team Growth Regulatory Expansion ▶ Utilising our Global ▶ Hiring of experts to ▶ Commencement of Payments network to build complete senior programme to expand HONG
Slide 17: Summary
> summary
Slide 18: Summary
Summary Profitable Regulatory Significant People Innovation permissions strategic through partnership & expertise progress Full year 2023 significantly ahead of Confident existing funding position is market expectations sufficient to support existing growth plans 18 CONFIDENTIAL | COPYRIGHT 2024
Slide 19: Thank you
Thank you ANY QUESTIONS 19 CONFIDENTIAL | COPYRIGHT 2024
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