Moneyme Ltd. · ASX:MME
Moneyme — Shareholder Meeting (November 2023)
27 slides from Moneyme's shareholder meeting presentation, Nov 29, 2023
Slide 1: AGM Addresses and Slides
29 November 2023 ASX Announcement AGM Addresses and Slides MONEYME Limited (“MONEYME” or “Group”) attaches: 1. the text of the prepared addresses to be given by the Chair and by the Managing Director CEO to MONEYME’s 2023 Annual General Meeting to be held at 11.00am (AEDT) today; and 2. the slides t
Slide 2: Chair's address: formal script
MONEYME LIMITED ANNUAL GENERAL MEETING – FORMAL SCRIPT 11.00 AM, WEDNESDAY 29 NOVEMBER 2023 Chair’s address Good morning, everyone, and welcome to the 2023 Annual General Meeting of MONEYME. I am Peter Coad, the Chair of MONEYME. I would like to begin by acknowledging the Traditional Custodians of t
Slide 3: Chair's address: company overview
• Scott Emery, Non-Executive Director. The agenda for today’s meeting is set out in the Notice of Meeting. The Notice of Meeting was made available to shareholders and lodged with the ASX on 27 October 2023, and I propose to take this as read. This year’s AGM has been convened as a physical meeting,
Slide 4: Chair's address: FY23 progress and record profit
We have made tremendous progress in recent years, growing our loan book to over $1 billion and reaching over $3 billion in cumulative originations as a Group. We have demonstrated our ability to service high demand and scale the business through both organic and inorganic growth, including the acqui
Slide 5: Chair's address: macro headwinds and response
impacted by policy makers’ public concerns regarding fighting inflation and the future trajectory of interest rates, and at times the capital markets were effectively closed. In response to these headwinds, we adopted a strategy to update our customer pricing, in line with the RBA’s interest rate ri
Slide 6: Chair's address: funding and ESG
At the end of the financial year, the Group had eight funding structures in place, and $1.5 billion of total funding capacity. The closing funding mix includes around 69% of warehouse funding, 26% of term securitisation and 5% corporate debt. We expect the elevated credit quality of our portfolio wi
Slide 7: Chair's closing and CEO address
Limited. Susan is a Chartered Accountant and holds an MBA from the University of Cape Town. She is also an accomplished author and speaker, as well as a course facilitator at the Institute of Directors in New Zealand. On behalf of the Board of Directors, I would also like to thank Team MONEYME for t
Slide 8: CEO address: FY23 performance
settlement process for secured vehicle loans, a new credit score product, and further improvements to our digital customer experiences. I am very pleased with MONEYME’s performance in FY23, driven by strong fundamentals. The strong profit result was driven by a record $239 million in gross revenue f
Slide 9: CEO address: 1Q24 update
maintained our strong book profile, with an average Equifax credit score of 733 and 46% secured assets at the end of the first quarter. We also intensified efforts to refine our technology platform. Technology updates launched in the first quarter include increased automation, improved application j
Slide 10: CEO address: strategy and outlook
enhanced customer experiences. With our advanced technology and in-house platform, we are well- positioned to harness new AI capabilities and address the inherent risks associated with them. Increasing the ratio of secured asset finance and targeting higher credit quality borrowers will continue to
Slide 11: 2023 Annual General Meeting
For personal use only 2023 Annual General Meeting Wednesday 29 November 2023 moneyme.com.au Copyright 2023 | MoneyMe Limited | ACN 636 747 414
Slide 12: Chair's Address
For personal use only Chair’s Address Peter Coad Page 2 | MONEYME
Slide 13: About MONEYME
About MONEYME A non-bank challenger For personal use only MONEYME is a founder-led digital lender and Certified B Corporation™. We challenge the traditional ways of credit and simplify the borrowing experience with digital-first products that meet the needs of modern consumers. Digital yet personal
Slide 14: From start-up to scale-up
From start-up to scale-up with market-disrupting technology and innovation • Transitioned high growth business to profit delivery For personal use only • Innovation-first full automation • Completed acquisition delivering secured asset of SocietyOne in March finance 2022 • IPO on ASX (December • 430
Slide 15: Record statutory and cash NPAT for FY23
Record statutory and cash NPAT for FY23 Statutory NPAT ($m) FY23 statutory NPAT to cash NPAT reconciliation ($m) For personal use only 148% CAGR Statutory NPAT ECL provision Statutory FY19 to FY23 pre-overlay management NPAT overlay 3 18 (6) 3 12 6 0 1 24 (8) 12 (50) Statutory NPAT AASB 9 Derivative
Slide 16: Record profits despite macroeconomic headwinds
Record profits delivered despite significant macroeconomic headwinds For personal use only Macroeconomic headwinds MONEYME’s adaptation Interest rates Price flexibility Interest margins protected by leveraging our largely Increasing capital costs variable rate products Inflation Operating cost manag
Slide 17: Diversified funding for business resilience
Diversified funding for business resilience and stronger returns FY23 closing funding mix (%) 8 funding structures in place with $1.5bn of total capacity1 For personal use only Total facility limit 25 Funding structures (#) $1.7bn $2,200m $1.5bn Corporate debt 20 $1,700m Warehouse facilities 5% $327
Slide 18: A leap forward for society and the environment
A leap forward in making a difference for society and the environment For personal use only MONEYME achieved B Corp Certification in In FY23, MONEYME strengthened its governance structures, identified ESG related risks August 2023 with a Certified B Impact Assessment and opportunities, and furthered
Slide 19: MONEYME Board of Directors
MONEYME Board of Directors The Board of Directors includes two founders and leaders with significant experience across the technology and finance sectors, and expertise in innovation, customer experience, and brand management For personal use only CURRENT DIRECTORS Peter Coad Clayton Howes Scott Eme
Slide 20: CEO's Address
For personal use only CEO’s Address Clayton Howes Page 10 | MONEYME
Slide 21: Challenging the traditional ways of credit
For personal use only MONEYME is challenging the traditional ways of credit with innovation and market-leading digital experiences to build a bigger, stronger business Page 11 | MONEYME
Slide 22: Fundamentals delivering strong results
Fundamentals delivering strong results Scale and automation benefits are driving strong returns Gross revenue ($m) Average gross receivables ($m) Office operating cost1 to income ratio % For personal use only secured vs. unsecured 1,247 Secured 46% 239 Unsecured 839 38% 40% 506 35% 143 258 22% 58 23
Slide 23: 1Q24 key highlights
1Q24 key highlights Revenue continued to be strong, driven by a We doubled down on technology updates stable loan book For personal use only Gross revenue ($m) Gross loan book ($bn) Net interest margin (%) • Increased automation 64 1.3 1.2 1.2 • Smoother application journey 57 61 1.1 1.1 14% 56 55 1
Slide 24: Core products target massive market opportunities
Core products target massive market opportunities Size of the prize Where the opportunity is? Why the market opportunity exists? For personal use only Auto Major Banks $54b <1% market (balance outstanding)1 MME segment share • Incumbents focus on mortgages and business; less focus on consumer Cards
Slide 25: Strategy & outlook
Strategy & outlook: Positive statutory and cash NPAT for FY24 For personal use only Steady growth High growth Consolidation Optimisation Our key strategies: FY19 to FY20 FY21 to FY22 FY23 FY24+ 1 Extending our technology advantage Gross $1.3bn $1.1bn customer $333m $134m receivables $87m FY19 FY20 F
Slide 26: Important notices & disclaimers
Important notices & disclaimers The information contained in this presentation has been prepared by MONEYME Limited (MONEYME or Company) in connection with the Annual Usability of MONEYME’s products depend upon various factors outside the control of the Company including, but not limited to: device
Slide 27: moneyme.com.au
For personal use only moneyme.com.au Copyright 2023 | MoneyMe Limited | ACN 636 747 414