Findi Limited · ASX:FND
Findi — Investor Presentation (November 2024)
28 slides from Findi's investor presentation, Nov 18, 2024
Slide 1: Findi Market Update
Findi Market Update 18 November 2024 ASX: FND
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation (Presentation) has been prepared by Findi Limited (Findi or the Company) and is FORWARD-LOOKING STATEMENTS authorised for release by its Directors. You must read and accept the conditions in this notice before This Presentation contains forward looking
Slide 3: Table of Contents
TABLE OF CONTENTS SECTION 1 – OVERVIEW OF FINDI SECTION 2 – WHITE LABEL STRATEGY Business overview Key strategic milestone achieved Investment themes Key highlights of the acquisition Robust market opportunity White label FY26 forecast financial impact Diversified operations The combined ecosystem S
Slide 4: Business Overview
BUSINESS OVERVIEW Findi is an ASX-listed fintech that provides customised, flexible, and scalable payment services for one of the world’s largest developing markets, driving India’s digital banking revolution. Findi aims to increase the breadth of its services and become a leading transaction bankin
Slide 5: Investment Themes
INVESTMENT THEMES Findi possesses several compelling investment fundamentals that can be leveraged to drive sustainable & cash flow accretive earnings. Key drivers include growing our ATM portfolio, as well as strategic expansion & innovation within the White Label ATM (WLA), digital payments & bank
Slide 6: Robust Market Opportunity
ROBUST MARKET OPPORTUNITY In a deep Indian market, fuelled by a growing population, a vast group of unbanked individuals, the substantial circulation of cash, and a prevalent preference for cash transactions, Findi is well-positioned to both assist India in achieving its National Mission for Financi
Slide 7: Diversified Operations
DIVERSIFIED OPERATIONS Findi specialises in bespoke ATM deployment & managed services, and digital payments & banking solutions. Our comprehensive offering caters for large financial institutions, small businesses, and individuals seeking fast & secure cash access and digital transactions… Findi’s t
Slide 8: Significant Market Expansion Opportunity
SIGNIFICANT MARKET EXPANSION OPPORTUNITY Findi is on a pathway to offering a full-service finance hub that leverages its impressive ATM footprint, to scale its digital payments. FindiPay and the ATM business create an ecosystem of complementary financial solutions… WHAT WE DO NOW WHERE ARE WE GOING
Slide 9: Strategic Horizon
STRATEGIC HORIZON Findi is positioned to bolster the evolving digital banking, payments and financial services landscape in India through its WLA strategy and flagship platform, FindiPay. This digitalisation drive aims to capture a greater proportion of the financial services ecosystem, supporting s
Slide 10: FY24 at a Glance
FY24 AT A GLANCE In FY24 we delivered Revenue, EBITDA, NPAT and Operating Cash Flows of $66.5M, $27.4M, $4.0M and $26.7M respectively, materially up on FY23. This success is largely attributable to the sustained growth of the ATM solutions business through delivery of key milestones combined with op
Slide 11: Traditional ATM Business
TRADITIONAL ATM BUSINESS Findi offers 3rd party-branded Brown Label ATM services to major banks & back-end services to leading financial institutions, capitalising on India’s preference for cash transactions. The upcoming WLA licence will connect Findi’s merchant & ATM networks, creating a ‘circular
Slide 12: Digital Growth Segment
DIGITAL GROWTH SEGMENT FindiPay’s merchant acquisition strategy is advancing rapidly, surpassing 45,000 merchants in Nov-24, targeting 60,000+ total merchants & expanding into six new Indian States by Mar-25. The new WLA licence will further extend FindiPay’s reach, by offering Findi-branded ATMs as
Slide 13: FY25 Highlights & Investment Objectives
FY25 HIGHLIGHTS & INVESTMENT OBJECTIVES Findi is transitioning into a 12-month investment cycle designed to deliver significant revenue growth, unlock significant shareholder value, and strategically position itself for a successful IPO of TSI India in late 2026... KEY HIGHLIGHTS & FY25 REVENUE & EB
Slide 14: FY25 Guidance
FY25 GUIDANCE Following our record financial performance in FY24, we expect continued growth into FY25. This growth would have otherwise been greater, however we are making significant investments in ATM infrastructure and strategic acquisition targets. These are anticipated to fuel materially highe
Slide 15: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Findi’s Board of Directors have been instrumental in strategic planning, forecast development, rebranding and capital management. Working with Findi’s experienced Executive Team, they leverage deep knowledge of the Indian ATM and digital payments landscape to drive inform
Slide 16: Section 2 – White Label Strategy
SECTION 2 – WHITE LABEL STRATEGY 16
Slide 17: Key Strategic Milestone Achieved
KEY STRATEGIC MILESTONE ACHIEVED Findi has announced it has acquired Tata Communications Payment Solutions Ltd (TCPSL or Indicash), a wholly owned subsidiary of Tata Communications Limited (Tata) KEY STRATEGIC HIGHLIGHTS Synergies 1. Immediate White Label ATM (WLA) licence The Acquisition completes
Slide 18: Key Highlights of the Acquisition
KEY HIGHLIGHTS OF THE ACQUISITION • Evidence Findi’s strategic growth momentum to deliver the full suite of financial service solutions to India’s underbanked • Significant scale to Findi • Immediately expanding our penetration into new semi-urban and rural regions • Now one of the largest White Lab
Slide 19: White Label FY26 Forecast Financial Impact
WHITE LABEL FY26 FORECAST FINANCIAL IMPACT The A$75.7 million1 Acquisition is to be funded from Findi’s existing balance sheet resources with A$19.7 million net 2 initial cash settlement consideration to be paid at completion and a further A$4.2 million 1 to be paid 12 months post completion, bringi
Slide 20: New Franchise & Funding Models
NEW FRANCHISE & FUNDING MODELS Findi’s new white-label ATM franchise model delivers a high-margin, low-capex, scalable approach. This model provides capital light opportunity for partners to enter regional markets quickly, leveraging Findi’s infrastructure for higher ROI than traditional BLA’s. NEW
Slide 21: The Combined Ecosystem
THE COMBINED ECOSYSTEM The combined (physical cash + digital payments) ecosystem provides immediate scale, cost savings, and improved margins, positioning the business for market penetration… WHITE LABEL STRATEGY THE COMBINED ECOSYSTEM • The WLA strategy provides immediate scale and integration acro
Slide 22: FindiPay Platform and ATM Expansion
FINDIPAY PLATFORM AND ATM EXPANSION Findi’s expansion strategy for both its merchant and ATM network aims to increase accessibility and support financial inclusion. The combination of a robust merchant network and growing ATM presence will enhance Findi’s market visibility and drive its position as
Slide 23: Payments Bank Strategy
PAYMENTS BANK STRATEGY Findi aims to become a full-service ‘Payments Bank’ providing a complete suite of financial service solutions tailored to India’s underbanked. This strategy leverages core banking products, extensive partnerships and a robust distribution network to position Findi as a one-sto
Slide 24: Section 3 – The Value Equation
SECTION 3 – THE VALUE EQUATION 24
Slide 25: Unlocking Value & Liquidity via TSI India's IPO
UNLOCKING VALUE & LIQUIDITY VIA TSI INDIA’S IPO The market has responded positively to the recently announced acquisition of TCPSL. The proposed listing of Findi subsidiary, TSI India on the Bombay Stock Exchange will provide a liquidity event for Findi’s shareholders through a compulsory sell-down
Slide 26: Questions
QUESTIONS
Slide 27: Appendix 1: Comparable Companies
APPENDIX 1: COMPARABLE COMPANIES ATM SOLUTIONS & DIGITAL BANKING Market Enterprise Historic2 Historic2 Company1 Ticker Business Description Cap Value EV/Revenue EV/EBITDA Findi Limited ASX:FND 368 330 5.0x 12.0x • Provides technology enabled digital services, including assisted e-services and e-gove
Slide 28: Contact details
E investors@findi.co I P +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findi.co