Bnk Banking Corporation Limited · ASX:BBC
Bnk Banking — Investor Presentation (August 2018)
26 slides from Bnk Banking's investor presentation, Aug 29, 2018
Slide 1: Investor Presentation FY18 Results
goldfields money All yours. Honestly Investor Presentati gaia ee FY18 Results ‘ k So Transaction Update and Strategic Outlook , August 2018
Slide 2: Disclaimer
DISCLAIMER "Goldfields Money Limited (“Goldfields Money”) has relied on information provided by Finsure Holding Pty Limited (“Finsure”) and except where explicitly stated as verified in this document, has not undertaken any due diligence, verification or audit of the information provided. Goldfields
Slide 3: Section I: Full Year Results
golanields O FINSURE VSURE All yours, Honest! Section | FULL YEAR RESULTS
Slide 4: Summary of FY18 Notable Events
Summary of FY18 Notable Events in FY18 ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 5: Goldfields Money - Key Metrics
GOLDFIELDS MONEY - KEY METRICS Key Metrics Market Capitalisation Net interest revenue Non-interest revenue Statutory profit / (loss) after tax Underlying profit / (loss) after tax Loans Loans under management Deposits Total assets Net tangible assets Net tangible assets per share Net interest margin
Slide 6: Goldfields Money - Loan Portfolio and Assets
GOLDFIELDS MONEY - LOAN PORTFOLIO AND ASSETS A record total of $46 million in new loans were settled during FY18. Summary Total Loans Settlements (A$m) Total Loans Under Management (A$m) Arecord total of $46.0 million in new loans were settled in FY18, an outcome of the investment made in developing
Slide 7: Net Revenue and Net Interest Margin
▪ ▪ ▪ ▪ Net Revenue (A$m) and Net Interest Margin (%) ▪
Slide 8: Goldfields Money - Results Summary
GOLDFIELDS MONEY - RESULTS SUMMARY Goldfields Money Audited P&L Balance Sheet Interest revenue 6545 7,993 Cash and cash equivalents 16,223 14,529 Interest expense (3,788) (4,786) Due from other financial institutions 26,939 24,507 Net interest revenue 2,787 3,207 Loans and advances 157,044 170,511 N
Slide 9: Finsure - Results Summary
FINSURE - RESULTS SUMMARY Finsure P&L" Total Historical Book Size (A$b) Total Loan Writers (#) Commission income 151,411 186,136 34.0 Fees income 6,304 7,902 Other 2,653 967 Total operating income 160,367 195,005 Commission expense (137,113) (167,304) Fees expense (1,246) (1,745) Employee benefits (
Slide 10: Merged Group - FY18 Pro-Forma Earnings
MERGED GROUP - FY18 PRO-FORMA EARNINGS FY18 Pro-Forma Metrics (A$’000) * $203.9 million pro-forma revenue for the Merged Group * $9.27 million pro-forma underlying NPBT * $2.4 billion managed loan book * $318 billion aggregation book 4,765 6,761 4,233 532 Goldfields Money Finsure Underlying NPAT" Un
Slide 11: Section II: Merged Group Overview
ee OFINSURE Section Il MERGED GROUP OVERVIEW
Slide 12: Goldfields Money - Digital Bank
GOLDFIELDS MONEY - DIGITAL BANK Goldfields Money primarily provides a suite of simple retail banking products and services including deposits and personal, investor and home loans. Vision Summary Goldfields Moneyis a fully licensed Australian bank, regulated by APRA anking ser Goldfields Money prima
Slide 13: Goldfields Money - Digital Bank
GOLDFIELDS MONEY - DIGITAL BANK The combination of a bank and market-leading digital platform will enable Goldfields Money to operate a unique banking aggregation model, which provides partner organisations with access to banking products and aligned fintech services. Summary id FUNDING * Goldfields
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Slide 15: Finsure - Aggregation + Wholesale Lending + Technology
FINSURE - AGGREGATION + WHOLESALE LENDING + TECHNOLOGY Finsure provides B2B finance aggregation, mortgage management and SaaS services to a large network of loan writers across Australia. Summary > Better Choice = As at Jun 2018 Finsure had over 1,435 accredited loan writers across Australia settlin
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Slide 17: Merged Group - Highly Synergistic Eco System
MERGED GROUP - HIGHLY SYNERGISTIC ECO SYSTEM Key Metrics Licences Technology Distribution O FINSURE Digital Banking il Wholesale Finance Mortgage Aggregation ~$214m loan book (as at Jun 2018) 3 branches and broker referrers 20+ team predominantly WA ~$2.2b loan book (as at Jun 2018) Access to 6,000
Slide 18: Proprietary SaaS Platform
Product Providers API Proprietary SaaS Platform API Distribution Network Core Products 1 Product CRM Search and Loan Writers Comparison Business Support and B2B Intelligence Training Leads Qualified Leads E-Lodgement Management Marketing & Commissions Compliance Reporting 80% of Finsure’s Commission
Slide 19: Merged Group - Large Addressable Market
MERGED GROUP - LARGE ADDRESSABLE MARKET MERGED GROUP PRO-FORMA MARKET SHARE AS AT 31 DECEMBER 2017 = Inthe year to 31 March 2018, income generated by Australian ADI’s was ~$110.6b "ADI NPAT as a portion of income is typically 30-35% and has been relatively stable over the last five years (~33% in th
Slide 20: Merged Group - Growth Opportunity
MERGED GROUP - GROWTH OPPORTUNITY Growth opportunity Finsure and Goldfields Money Net Income Margins = Through its Aggregation and Wholesale platforms Finsure currently settles Goldf ~$1,000m in loans per month, of which ~$50m represents products that Finsure Aggregation Finsure Wholesal [owe Finsur
Slide 21: Section III: Transaction Overview
ee OFINSURE Section IIl TRANSACTION OVERVIEW
Slide 22: Transaction Overview
TRANSACTION OVERVIEW The proposed merger with Finsure involves the acquisition by Goldfields Money of 100% of the diluted shares in Finsure via the issue of Goldfields Money shares. Key Terms Key Benefits CONSIDERATION Goldfields Money proposes to issue 40,750,000 fully paid = Access to diversified
Slide 23: Capital Structure
CAPITAL STRUCTURE Capital R 8 Performance Rights = The Company expects to raise additional capital of between ~$15.3 million and ~$20.0 million at a price of between $1.30 and $150 per share as part of the Finsure Transaction in order to ensure Goldfields Money currently has 1,940,000 Performance Ri
Slide 24: Section IV: Corporate Snapshot
goldhelds Se Section IV CORPORATE SNAPSHOT
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT Goldfields Money has ~25.9 million shares outstanding, and a market capitalisation of ~$34m as of 28 August 2018. Top 10 Shareholders Capital Structure Shareholder # of Shares % of Goldfields Class # of Securities Money Shares Goldfields Money Ordinary Shares 25,907,066 Aoyin 2,97
Slide 26: Goldfields
goldfields AS Simon Lyons Executive Director & CEO Goldfields Money 0417 178 325 slyons@goldfieldsmoney.com.au