Harmoney Corp Ltd · ASX:HMY
Harmoney — MST Financial 'Forging the Future' Financial Services Webinar 2024
15 slides from Harmoney's conference presentation, Jun 6, 2024
Slide 1: MST Financial - Conference Presentation (ASX announcement)
6 June 2024 ASX ANNOUNCEMENT MST FINANCIAL - CONFERENCE PRESENTATION Please find the attached presentation to be given by David Stevens, CEO of Harmoney Corp Limited (ASX:HMY) (“Harmoney” or “the Company”), to investors and shareholders at the MST Financial ‘Forging the Future’ Financial Services we
Slide 2: Forging the Future Financial Services Webinar
For personal use only Forging the Future Financial Services Webinar MST Financial 6 June 2024 David Stevens CEO All values in $AUD unless stated otherwise HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 23FEBRUARY FEBRUARY2024 2024
Slide 3: Important notice and disclaimer
Important notice and disclaimer For personal use only HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 2
Slide 4: Customer value proposition
Customer value proposition For personal use only Delivering faster, fairer loans through our Use of funds smart technology HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 3
Slide 5: Data + AI + Automation
Data + AI + Automation For personal use only Every month, over 10,000 new customer applications help us improve our AI and automation ● ● HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 4
Slide 6: The Harmoney business model maximises customer lifetime value
The Harmoney business model maximises customer lifetime value For personal use only Right customer Great experience Massive scale HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 5
Slide 7: 1H24 key achievements
1H24 key achievements For personal use only Cash NPAT Profitable Loan book growth $200m NZ ABS Warehouse capacity extended New platform launched Peer-to-peer closed Cost to income % Corporate debt upsized HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 6
Slide 8: Profitability continues through rising interest rate cycle
Profitability continues through rising interest rate cycle For personal use only 1H24 2H23 1H23 Loan book Revenue Net Interest Margin Credit losses 90+ day arrears Cost to income ratio Cash NPAT HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 7
Slide 9: Key points you should know about Harmoney
Key points you should know about Harmoney For personal use only Financial Customer value Risk management HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 8
Slide 10: Strategy and outlook
For personal use only Strategy and outlook HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 23FEBRUARY FEBRUARY2024 2024
Slide 11: Continue AU expansion, a large addressable market
Continue AU expansion, a large addressable market For personal use only AU replicating in 9x market Huge potential for Harmoney in $145bn market1 ● ● ▬ AU Market 1 ▬ Harmoney & listed peers2 % ■ NZ ■ AU from IPO 1. Source RBA, ‘D2 Lending And Credit Aggregates - Credit; Other personal’, which covers
Slide 12: Stellare 2.0: Core banking + Automation = Market opportunity
Stellare® 2.0 Core banking + Automation = Market opportunity For personal use only Core banking - Cloud native 100% Process automation Market Opportunity HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 11
Slide 13: Outlook - Targeting 20% Cash RoE
Outlook - Targeting 20% Cash RoE For personal use only Interest rates & asset quality Growth outlook FY24/FY25 outlook ● ● ● ● HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 12
Slide 14: Outlook continued: 20% Cash RoE run rate in FY25
Outlook continued: 20% Cash RoE run rate in FY25 For personal use only Pathways to 20% Cash RoE Average loan book required at RAI% ● ● ● ● HARMONEY ©2024 1H24 INVESTOR PRESENTATION 23 FEBRUARY 2024 13
Slide 15: About Harmoney
ABOUT HARMONEY Harmoney is the only 100% consumer-direct personal lender operating across Australia and New Zealand. Harmoney provides customers with unsecured and secured personal loans that are fast, easy, competitively priced (using risk-adjusted interest rates) and accessed 100% online. Harmoney
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