Slide 1: Interim Results
For personal use only Interim Results Six month period ending 31 December 2009 February 2010
Slide 2: Overview of FSA
Overview of FSA For personal use only CONSUMER DEBT MARKET • Founded in 2000, listed 2002 • FSA is the largest provider of debt solutions to individuals in PERFORMING Australia DEBTORS • $230m* funding in place with Westpac for lending • Substantial shareholdings by founding directors and key DISTRE
Slide 3: FSA's integrated business model
FSA’s integrated business model Overview of products and services For personal use only For • Informal Arrangement clients • Debt Agreement with • Personal Insolvency property Agreement • Bankruptcy • Other solutions FSA Group – Interim Results 1HFY2010 3
Slide 4: Interim Results & Operating Performance
For personal use only Interim Results & Operating Performance FSA Group – Interim Results 1HFY2010 4
Slide 5: Interim Results: Revenue, Profit and Cashflow
Interim Results Revenue, Profit and Cashflow For personal use only 1H FY2009 1H FY2010 % Revenue and Income $23.8m $24.7m 4% Profit before Tax $4.8m $6.1m 26% Profit after Tax (attributable to members) $3.2m $3.6m 13% Cash flow Cash Flow from Operations continues ($0.3m) $2.8m to build FSA Group – I
Slide 6: Interim Results: Operating Cash Flow
Interim Results Operating Cash Flow For personal use only Cash Flows from 1H 2H 1H Operating Activities FY2009 FY2009 FY2010 Cash Flow from Operations (256,565) 1,315,652 2,818,330 Net cash receipts/(payments) for institutional creditor distributions* 1,447,920 (22,996) (1,876,894) Income taxes (pai
Slide 7: Services & Home Loan Broking Client Numbers
Services & Home Loan Broking Client Numbers For personal use only 1HFY10 FY09 vs. FY08 vs. 1HFY09 Services Debt Agreements 37% 6% PIA’s and Bankruptcy 22% 11% Home Loan Broking 18% 50% Services Home Loan Broking Impacted by Impacted by • Government stimulus package • Lower interest rate environment
Slide 8: Home Loan Lending
Home Loan Lending For personal use only • Aiming to grow loan pool to $600m by Home Loan Lending Loan Pool size 2013 • Currently lending to around 50% of potential clients – planning to increase this percentage by expanding product range • Additional funding required to grow volumes • Currently expl
Slide 9: Home Loan Lending: Arrears Performance
Home Loan Lending For personal use only Arrears Performance Over 30 day arrears FSA vs. Competitors* Competitors • Low over 30 day arrears ~ 5% (competitors ~11%) • High proportion of income verified FSA “Full Doc” borrowers ~ 95% (competitors ~35%) Cash Rate • Low LVR : weighted average ~67% (compe
Slide 10: Small Business Lending
Small Business Lending For personal use only • Westpac facility renewed to December 2011 • Facility increased from $10m to $15m Factoring Finance – Loan Pool Size • Growth in loan pool expected due to Westpac $10m facility secured difficulties with small businesses obtaining credit Internally funded
Slide 11: Outlook
For personal use only Outlook FSA Group – Interim Results 1HFY2010 11
Slide 12: Outlook
Outlook For personal use only • Expecting an increase in Debt Agreement, Personal Insolvency Agreement and Bankruptcy client numbers as consumer spending increases, along with an improvement in availability of credit and a higher interest rate environment • Continued growth in Home Loan Broking and
Slide 13: PBT Guidance for FY2010
PBT Guidance for FY2010 For personal use only 1H 2H $m $14.5m to $19.0m $14.0m Guidance 64% $9.7m 65% 62% * $4.7m 36% 63% 38% 35% 37% * Transitioned to home loan lending – one-off downward pressure on profit FSA Group – Interim Results 1HFY2010 13
Slide 14: Investor Relations Contact
Investor Relations Contact For personal use only Mr. Tim Odillo Maher Mr. Duncan Cornish Ms. Jeannene O’Day Executive Director Secretary Investor Relations Consultant FSA Group Limited FSA Group Limited Lyon Group Pty Limited Level 3, 70 Phillip Street Level 5, 10 Market Street Level 31, 88 Phillip
Slide 15: Disclaimer
Disclaimer For personal use only • This presentation is designed to provide a general overview of the activities and financial position of FSA Group Limited. The material set out in the presentation is current as at the date of this presentation. It is information in summary form and does not purpor
Slide 16: Interim Results
For personal use only Interim Results Six month period ending 31 December 2009 February 2010