Earlypay Limited · ASX:EPY
Earlypay — Shareholder Meeting (November 2024)
14 slides from Earlypay's shareholder meeting presentation, Nov 28, 2024
Slide 1: FY24 AGM Presentation
Earlypay For personal use only FY24 AGM Presentation 28 November 2024 CEO James Beeson CFO / COO Paul Murray
Slide 2: For personal use only
For personal use only
Slide 3: Our Vision and Market Opportunity
Our Vision Market Opportunity To be the first choice For personal use only 2.6m 1m 100K Invoice Finance SMEs 1 B2B Addressable SMEs 2 Market 3 provider to Australian SMEs. SME Invoice Finance Market 3 5k SMEs $2.5bn FIU With simpler, more efficient Invoice Finance. 450 SMEs $160m FIU Service & Produ
Slide 4: Invoice Finance is becoming simpler and more mainstream
Invoice Finance is becoming simpler and more mainstream Historical challenges Creating a simpler and more efficient offering… For personal use only • Operational intensity – ongoing interaction with clients to source, verify and monitor payments through segregated account (vs. standard business loan
Slide 5: FY24 Financial Summary – Underlying Proforma
FY24 Financial Summary – Underlying Proforma1 Lower Funds In Use; stable margins and cost base; controlled impairments Funds In Use growth to drive operating leverage and EPS in FY25 and beyond For personal use only $249m $35.2m 13.4% 1.2% Year end, Funds in Use Net Revenue Net Revenue Margin Credit
Slide 6: Completing a two-year transitional period
Completing a two-year transitional period The RevRoof default accelerated a change program to upgrade the business to a more institutional standard. This has resulting in a stronger and more sustainable business and that is beginning to drive higher EPS and DPS For personal use only 1 2 3 4 5 Risk &
Slide 7: Portfolio Rebalance – Proactive risk management & transition
Portfolio Rebalance – Proactive risk management & transition Client Concentration Product Mix Client Location & Industries For personal use only • Reduced focus on single client large • TF: targeted reduction in Trade Finance • Diverse industry mix with minimal risk to deals, diversifying exposures
Slide 8: Funding to Grow
Funding to Grow Institutional warehouse funding in place; highly scalable with growth; operationally efficient with minimal equity contribution Invoice and Trade Finance Warehouse $340m For personal use only • Senior funding provided by major Australian bank Warehouse Capacity • Completed new Invoic
Slide 9: Growth: Augmenting traditional distribution channels with new channels
Growth: Augmenting traditional distribution channels with new, non-traditional channels Diversifying distribution channels is strongly supporting originations in FY25 to date with Funds in Use growing steadily For personal use only Traditional channels: IF & EF New channels: IF 100% of FY24 distribu
Slide 10: FY24 Outlook
FY24 AGM Presentation Outlook For personal use only
Slide 11: Guidance
Guidance H1 re-building of FIU with operating leverage benefiting H2 and beyond For personal use only 1 EPS - FY25 Underlying EPS expected to be 2.2 cents per share (cps)1, up 28% pcp (FY24: 1.7 cps) • earnings weighted to H2’25 supported by FIU growth & lower interest expense due to corporate loan
Slide 12: Questions
FY24 AGM Presentation Questions For personal use only
Slide 13: Investor enquiries
For personal use only Investor enquiries James Beeson Managing Director & CEO, Earlypay 1300 760 205 James.beeson@earlypay.com.au
Slide 14: Disclaimer
Disclaimer This presentation (”this Presentation”) has been prepared by Earlypay Limited [ACN 098 952 277] (“EPY” or the “Company”) and is dated 28 November 2024. Summary information This presentation contains summary information about the current activities of EPY as at the date of this Presentatio