Moneyme Ltd. · ASX:MME
Moneyme — Shareholder Meeting (May 2023)
31 slides from Moneyme's shareholder meeting presentation, May 17, 2023
Slide 1: EGM Addresses and Presentation Slides
17 May 2023 ASX Announcement EGM ADDRESSES AND PRESENTATION SLIDES MONEYME Limited (ASX:MME) attaches the following materials to be presented at the Extraordinary General Meeting of Shareholders to be held today at 11.00am (AEST): 1. Script of the prepared addresses to be given by the Chair and by t
Slide 2: Chair's Address – Peter Coad
MONEYME LIMITED EXTRAORDINARY GENERAL MEETING 11.00 AM, WEDNESDAY 17 MAY 2023 CHAIR AND CEO ADDRESSES Chair’s Address – Peter Coad For personal use only Good morning, everyone, and welcome to this Extraordinary General Meeting of shareholders of MONEYME Limited. I am Peter Coad, the Chair of MONEYME
Slide 3: Chair's Address (continued)
The Notice of Meeting was made available to shareholders and lodged with the ASX on 17 April 2023 and I propose to take this as read. Shareholders were also provided with a Voting Form and details of how to access our Virtual Meeting Online Guide, which gives instructions on how to ask questions and
Slide 4: $37 million placement background
• Jonathan Swain, our Company Secretary. The agenda for today’s meeting is set out in the Notice of Meeting. I will now provide some background on the Company’s $37 million placement announced to the ASX on 30 March 2023, which is the reason this meeting has been called. Securing $37 million of inve
Slide 5: Capital raise timing and Share Purchase Plan
I would also like to address the timing of this capital raise and shed light on why an equity raise was chosen out of the options available to us under our strategic capital initiative. We were open to and explored various strategic capital solutions, however, the uncertain and volatile market envir
Slide 6: CEO's Address – Clayton Howes
performance update which was released to the ASX on 3 May 2023, as well as outline in more detail the benefits of paying down our corporate debt facility. CEO’s Address – Clayton Howes Thank you Peter, and good morning everyone. I am pleased to share a brief overview of our third quarter results, wh
Slide 7: Focus areas for remainder of FY23
Our unrestricted cash balance remained broadly in line with the previous quarter, whilst our undrawn funding capacity provides sufficient headroom for sustainable growth into the new financial year. With that, I will briefly outline our key focus areas for the remainder of the FY23. Our half-year an
Slide 8: ESG milestones and share price
We also continue our focus on leading the industry on Environmental, Social and Governance, recognising that sustainable business practices lead to better business performance. We have recently achieved significant milestones in our ESG program, including launching our Reflect Reconciliation Action
Slide 9: Benefits of corporate debt facility paydown
future growth - and we are confident that this will ultimately translate into increased shareholder value over time. I will now cover the specific benefits of the partial repayment of our corporate debt facility, which is the primary purpose of this capital raising. Approximately $32 million of the
Slide 10: End of prepared addresses
adapt to market dynamics, and seize opportunities that align with our strategic objectives. I will now hand you back to Peter for the formal part of the meeting. END OF PREPARED ADDRESSES For personal use only 9
Slide 11: Extraordinary General Meeting
For personal use only Extraordinary General Meeting Wednesday 17 May 2023 moneyme.com.au Copyright 2023 | MONEYME Limited | ACN 636 747 414
Slide 12: Chair's welcome address
Chair’s For personal use only welcome address Peter Coad Page 1 | MONEYME
Slide 13: CEO's address
For personal use only CEO’s address Clayton Howes Page 2 | MONEYME
Slide 14: 3Q23 financial highlights
3Q23 financial highlights For personal use only Returns Book profile Credit profile Funding & liquidity YoY QoQ YoY QoQ YoY QoQ YoY QoQ Gross revenue Gross customer receivables Average Equifax score Unrestricted cash $61m ↑75% ↓5% ↑2% ↓5% ↑3% ↑1% ↓48% ↓15% ($182m, FY23 YTD) ($35m, 3Q22) ($64m, 2Q23)
Slide 15: Our key areas of focus
Our key areas of focus For personal use only Revenue and profit Funding & liquidity Strengthen our balance sheet through a Strengthen our cash and funding position through continued statutory profit focus. FY23 gross interest savings from paydown of the corporate revenue projected to be >$220m facil
Slide 16: Benefit of capital raising to reduce corporate facility
Benefit of capital raising to reduce corporate facility Repayment of short-term SocietyOne acquisition component of the facility and the interest cost savings positions the business for future growth For personal use only …reduced facility costs1 … … and stabilises capital structure for growth Appro
Slide 17: Questions and voting
06 Questions and voting 10 Resolutions for approval For personal use only 16 Appendix Questions and voting Page 6 | MONEYME
Slide 18: Asking questions online
Asking 1 Click “Ask a Question” then select the specific For personal use only resolution to which your question relates questions 2 Type in your question and click “Submit” online 3 Only shareholders and proxyholders are able to ask questions 4 For help call 1800 990 363 Page 7 | MONEYME
Slide 19: Asking questions by phone
Asking 1 For personal use only Dial into the meeting question line on 1800 958 212 or +61 2 8016 6133 from overseas questions 2 Give the moderator the PIN that you got from Link Market Services before the meeting by phone 3 Dial *1 on your keypad when you wish to ask a question 4 Wait to be introduc
Slide 20: Voting via online platform
1 Voting via Click “Get a Voting Card” For personal use only 2 online 3 Enter your SRN/HIN or Proxy Number and Postcode Click “Submit Details and Vote” platform 4 Fill out your Voting Card for each Resolution 5 Click “Submit Vote” 6 For help call 1800 990 363 Page 9 | MONEYME
Slide 21: Resolutions for approval
06 Questions and voting Resolutions for 10 approval For personal use only 16 Appendix Resolutions for approval Page 10 | MONEYME
Slide 22: Resolution 1: Issue of Shares under the Conditional Placement
Resolution 1: Issue of Shares under the Conditional Placement For personal use only To consider and, if thought fit, pass the following as an ordinary solution: The Board recommends that our shareholders vote “That, for the purposes of ASX Listing Rule 7.1 and for all ‘FOR’ Resolution 1. other purpo
Slide 23: Resolution 2: Issue of Shares to Scott Emery under Director Placement
Resolution 2: Issue of Shares to Scott Emery (or his nominee) under the Director Placement For personal use only To consider and, if thought fit, pass the following as an ordinary solution: The Board recommends that our shareholders vote “That, for the purposes of ASX Listing Rule 10.11 and for ‘FOR
Slide 24: Thank you for your attendance
For personal use only Thank you for your attendance
Slide 25: Appendix
06 Questions and voting 10 Resolutions for approval For personal use only 16 Appendix Appendix Page 16 | MONEYME
Slide 26: Income statement
Income statement $ million 1H22 2H22 1H23 Jan + Feb 20231 Interest income 45 83 119 37 Other income 3 12 2 5 Gross revenue 48 95 121 42 For personal use only Commission expense (0) (2) (2) (1) Net revenue 48 93 119 41 Interest expense (12) (27) (42) (15) Sales & marketing expense (8) (14) (6) (1) Pr
Slide 27: Balance sheet
Balance sheet $ million 1H22 2H22 1H23 As at 28 Feb 20231 Cash and cash equivalents 68 81 79 77 Net customer receivables 546 1,264 1,161 1,118 Current tax asset 0 0 - - For personal use only Deferred tax asset 6 3 3 3 Derivative financial instruments - 10 10 10 Intangible assets 4 36 35 35 Right of
Slide 28: Cash flow statement
Cash flow statement $ million 1H22 2H22 1H23 Jan + Feb 20231 Income from customers 43 73 101 37 Payments to suppliers and employees (16) (35) (39) (6) Income from delinquent asset sales and recoveries 5 9 11 4 For personal use only Income tax refund received - - 0 0 Net cash inflows from operating a
Slide 29: Measure definitions
Measure definitions Note Measure Definition The sum of the total amount of interest payable by each customer receivable over the remaining life of the customer receivable contract (i.e. from 1 July onwards to its maturity) 1 Future contracted cash interest ($m) based on simple interest on principal
Slide 30: 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 Extraordinary Usability of MONEYME’s products depend upon various factors outside the control of the Company including, but not limited to:
Slide 31: moneyme.com.au
For personal use only moneyme.com.au Copyright 2023 | MONEYME Limited | ACN 636 747 414