Cash Converters International Limited · ASX:CCV
Cash Converters International — Shareholder Meeting (November 2024)
30 slides from Cash Converters International's shareholder meeting presentation, Nov 7, 2024
Slide 1: 2024 CCV AGM Addresses and Presentation
7 November 2024 ASX Announcement (ASX: CCV) 2024 CCV AGM Addresses and Presentation Cash Converters International Limited (ASX: CCV) (“Cash Converters” or “the Company”) will today address shareholders at its Annual General Meeting to be held as a virtual meeting, commencing at 9.30am (WST). Attache
Slide 2: Chairman's AGM Address
ASX Release 7 November 2024 Chairman’s AGM Address The Board and I remain excited and optimistic about the opportunities and prospects of the Company. Both Board and Management are focused on positioning the business well for long-term growth through prudent capital deployment via store acquisitions
Slide 3: Chairman's AGM Address (continued)
ASX Release 7 November 2024 Following the formal AGM our CEO & Managing Director will present an outline of the past financial year and provide an update on Q1 FY 2025. I’m pleased with the solid performance of FY 2024, particularly due to the deliberate strategic shift of our business away from sma
Slide 4: CEO & Managing Director Address
ASX Release 7 November 2024 CEO & Managing Director Address Following formal close of Annual General Meeting Thank you, Tim, and good morning fellow Shareholders. I would like to begin by reflecting on our achievements in financial year 2024 and then provide an update on the first quarter of the fin
Slide 5: CEO Address: Stores and Lending Operations
ASX Release 7 November 2024 This initiative extends the appeal of the Cash Converters concept to a broader range of customers, served from a lower cost store operating model. Our role in the circular economy has never been more relevant, and we are proud to have repurposed over 1.7 million pre-owned
Slide 6: Q1 FY2025 Update
ASX Release 7 November 2024 For personal use only Q1 FY2025 Update Looking to FY25, I am pleased to confirm the FY24 momentum has continued into the new year. Our recent Q1 unaudited trading update, released to the ASX on 28 October this year, shows further revenue growth - up to $95.8m for the quar
Slide 7: Outlook
ASX Release 7 November 2024 Outlook Finally, looking further forward, we’re excited by the opportunities that lie ahead for the Company. Several of our strategic initiatives have begun delivering revenue growth across the global group. Our store network continues to expand, and our digital platforms
Slide 8: Annual General Meeting (AGM)
For personal use only Annual General Meeting (AGM) Investor Presentation 7 November 2024
Slide 9: Attendees
Attendees Board of Directors Executives Auditors Timothy Jugmans Lisa Stedman Peter Rupp For personal use only Non-executive Chairman Chief Operating Officer Lead Audit Partner – Deloitte Sam Budiselik Jonty Gibbs Nicholas Gordon CEO & Managing Director Chief Financial Officer Audit Partner - Deloit
Slide 10: Timothy Jugmans, Non-executive Chairman
For personal use only Timothy Jugmans Non-executive Chairman 3
Slide 11: Procedural Matters
For personal use only 4 Procedural Matters
Slide 12: Voting
Voting For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen To vote, simply select the direction in which you would like to cast your vote. A tick will appear to confirm receipt of your vote. To change or cancel your vote “click here to ch
Slide 13: Questions
Questions For personal use only When the question function is available, the Q&A messaging tab will appear at the top of the screen To submit a question under the Q&A tab, select the topic of your and type your question into the box and press Send If you require assistance before or during the meeti
Slide 14: Verbal Questions
Verbal Questions For personal use only To ask a verbal question, follow the instructions below the broadcast window 7
Slide 15: Business of Meeting
For personal use only 8 Business of Meeting
Slide 16: Financial Report
Financial Report To receive and consider the financial report for the year ended 30 June 2024 and the related directors’ report, directors’ declaration and auditors’ report. For personal use only Note: There is no requirement for Shareholders to approve the financial statements and reports. 2024 Ann
Slide 17: Resolution One – Re-election of Mr Henry Shiner
Resolution One – Re-election of Mr Henry Shiner To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Henry Shiner, being a Director of the Company, who retires by rotation in accordance with clause 52.1 of the Company’s Constitution, and being
Slide 18: Resolution Two – Re-election of Mr Peter Cumins
Resolution Two – Re-election of Mr Peter Cumins To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Peter Cumins, being a Director of the Company, who retires by rotation in accordance with clause 52.1 of the Company’s Constitution, and being
Slide 19: Resolution Three – Election of Mr Andrew Spicer
Resolution Three – Election of Mr Andrew Spicer To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Mr Andrew Spicer, who having been appointed a Director of the Company since the last Annual General Meeting, retires under clause 51.2 of the Com
Slide 20: Resolution Four – Adopt the remuneration report
Resolution Four – Non-binding resolution to adopt the remuneration report To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That the remuneration report of the Company for the financial year ended 30 June 2024 be adopted.” Proxy Results For Against
Slide 21: Resolution Five – Performance rights to CEO & Managing Director
Resolution Five – Approval of grant of performance rights to CEO & Managing Director To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That, for the purposes of ASX Listing Rule 10.14 and all other purposes, approval be given for the grant of 4,599
Slide 22: Resolution Six – Adoption of Incentive Rights Plan Rules
Resolution Six – Approval of adoption of the Cash Converters Incentive Rights Plan Rules To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That, for the purposes of ASX Listing Rule 7.2, Exception 13(b) and for all other purposes, approval be given
Slide 23: Resolution Seven – Amendment to grant of performance rights
Resolution Seven – Approval of amendment to grant of performance rights under the Cash Converters Equity Incentive Plan To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That, for the purposes of ASX Listing Rule 6.23.4 and for all other purposes,
Slide 24: Meeting Close
For personal use only 17 Meeting Close
Slide 25: Sam Budiselik, CEO & Managing Director
For personal use only Sam Budiselik Chief Executive Officer & Managing Director 18
Slide 26: Key Highlights
Key Highlights FY2024 $382.6m $288.0m $69.1m $20.8m 1c per share For personal use only Revenue Gross Loan Book Operating EBITDA Operating NPAT Half-year dividend paid Up 26% on pcp Up 6% on pcp Up 21% on pcp Up 4% on pcp 8th straight half-year FY23: $302.7m FY23: $271.4m FY23: $57.2m FY23: $20.1m di
Slide 27: Store Acquisition
Store Acquisition Profitable Franchise Network, Earnings Accretive Store Acquistions Continue. For personal use only United Kingdom • 42 stores acquired in Jul-23, contributing $3.4m PBT in FY24 • A further 5 stores acquired June 2024 • Forward pipeline of 12 stores under immediate consideration wit
Slide 28: Outlook
Outlook Grow • Additional franchise store acquisition opportunities under review in our core markets of Australia & UK - following the For personal use only acquisitions of 50 franchise stores in these markets in FY24 • Underlying credit demand strong in an under-serviced customer segment • Securiti
Slide 29: Thank You
For personal use only Thank You
Slide 30: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Cash Converters and its activities current at the date of the presentation. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be
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