Cash Converters International Limited · ASX:CCV
Cash Converters International — FY2015 Earnings Presentation
12 slides from Cash Converters International's earnings presentation, Aug 28, 2015
Slide 1: Investor Presentation August 2015
For personal use only Investor Presentation August 2015
Slide 2: 30 June 2015 Full Year Results
30 June 2015 Full Year Results For personal use only Statutory Reporting Basis 30 June 2015 30 June 2014 Variance Revenue $m 374.9 331.7 +13.0% EBITDA $m 9.3 51.6 -81.9% EBIT $m (7.3) 43.7 -116.7% NPAT $m (21.5) 24.2 -188.8% EPS (Statutory) Cps (4.69) 5.67 -182.7% EPS (Normalised) Cps 6.97 6.69 +4.2
Slide 3: Normalised EBITDA
30 June 2015 Full Year Results For personal use only Normalised EBITDA 30-Jun-15 30-Jun-14 Variance EBITDA statutory $m 9.3 51.6 -81.9% - Stamp duty on store acquisitions $m 0.4 1.8 - Ausgroup provision $m -2.9 1.4 - GST adjustment $m - 1.1 - Kentsleigh agency termination payment $m 29.6 - - Termina
Slide 4: FY15 Overview
FY15 Overview For personal use only Revenue growth of 13%, normalised EBITDA growth of 12%. Driven by the Australian operations Personal loan book in Australia now stands at $107.4m as at 30 June 2015 (2014: $109.2m) Growth of the online personal loan business in Australia continues to be very stron
Slide 5: Segment Results
Segment Results For personal use only Divisional EBITDA Divisional EBITDA (Normalised) FY2015 FY2014 Move Franchise Operations 6.0 6.6 -10.1% Store Operations 15.8 15.6 +1.4% Financial Services - Administration 12.5 10.4 +20.3% Financial Services – Personal Loans 48.5 41.0 +18.5% Green Light Auto (b
Slide 6: Australian Personal Loan Book
Australian Personal Loan Book For personal use only Australian Personal Loan Book 116 Loan Book $107.4m, slightly down from 114 $109.2m as at June 2014 112 A$ Millions 110 136,866 active customers 108 106 Produced EBITDA of $54.3m (2014: $38.7m) 104 Bad debts written off at 7.0% (2014: 6.6%) 102 100
Slide 7: Australian Cash Advance
Australian Cash Advance For personal use only Australian Cash Advance – Principal Advanced EBITDA contribution of $11.5m, up 19.8% on pcp 25.0 Total principal loaned increased by 4.5% on pcp 20.0 to $249.5m Average loan amount was $413 and now $411 15.0 A$ Millions and total customers increased by 1
Slide 8: Online Loan Growth
Online Loan Growth For personal use only Online loan growth continues to be strong Online Personal Loan Volumes Online Cash Advance Volumes 1,400.0 8.0 1,200.0 7.0 1,000.0 6.0 A$ Thousands 5.0 800.0 A$ Millions 4.0 600.0 3.0 400.0 2.0 200.0 1.0 0.0 0.0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr
Slide 9: Carboodle
Carboodle For personal use only Carboodle was established as Green Light Auto Group Pty Ltd (“GLA”) in 2010. Cash Converters now holds a 100% equity interest in GLA following acquisition of the remaining 20% in late 2014 Carboodle is a licensed motor vehicle dealer providing customers who don’t have
Slide 10: Summary & Outlook
Summary & Outlook For personal use only Record principal advanced for personal loans in the year $183.4m up 13.4% on pcp, continued demand for online loans Financial benefits of the Kentsleigh/Cliffview agency termination will be enjoyed going forward A significant part of loan volume growth has com
Slide 11: Appendix
For personal use only Page 11 Appendix
Slide 12: Regulatory Environments
Regulatory Environments For personal use only Cash Converters has significant experience operating in a number of regulatory regimes United Kingdom – Regulatory Environment The Financial Conduct Authority (FCA) published their legislation on 11 November 2014 relating to the UK market. A rate cap on
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