Humm Group Limited · ASX:HUM
Humm — Shareholder Meeting (November 2021)
29 slides from Humm's shareholder meeting presentation, Nov 18, 2021
Slide 1: 2021 Annual General Meeting
For personal use only 2021 Annual General Meeting Authorised for release by Belinda Hannover, Company Secretary humm group limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks, Sydney NSW 2000 18 NOVEMBER 2021
Slide 2: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS ANDREW ABERCROMBIE
Slide 3: CEO's Address
For personal use only CEO’S ADDRESS REBECCA JAMES
Slide 4: Commitment to Shareholders
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | COMMITMENT TO SHAREHOLDERS For personal use only 01 | Committed to growing shareholder value 02 | Will balance returns and investment for growth 03 | Investment to be measured against key performance hurdles 4
Slide 5: Our Achievements
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | OUR ACHIEVEMENTS For personal use only 1. Proven ability to scale 3. Continued efficiency gains • Strongly grown the BNPL business – hitting over $1b in volume in FY21 • Remain committed to target sub 40% CTI • Strongly grown the Commercial
Slide 6: FY21 Performance
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | FY21 PERFORMANCE For personal use only VOLUME NET LOSS / ANR +31% (7%) $1,035m ` +56% (60bps) (30%) $788m $751m $695m $597m $540m 4.1% $417m 3.5% $347m FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 BNPL AU CARDS NZ CARDS COMMERCIAL AND
Slide 7: 1Q22 Performance
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | 1Q22 PERFORMANCE For personal use only VOLUME +40% $763m ` +45% $547m +8% +102% $309m $214m $232m $249m $205m $101m 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 HUMMGROUP BNPL CARDS (AU & NZ) COMMERCIAL AND LEASING 7
Slide 8: Strategy for Growth
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | STRATEGY FOR GROWTH For personal use only Expanding the reach Driving customer New audiences International of instalment engagement New products expansion payments New partnerships New merchants and platforms Driving customer Finding new Ex
Slide 9: Clear Partner of Choice
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | CLEAR PARTNER OF CHOICE For personal use only THE BNPL/CREDIT PARTNER OF CHOICE FOR BLUE CHIP COMPANIES ANNOUNCING TODAY A 10-YEAR PARTNERSHIP BETWEEN RELIABLE INNOVATIVE RESPONSIVE TRUSTED ` We deliver We lead in product We don’t have fint
Slide 10: Air New Zealand Partnership Announcement
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | AIR NEW ZEALAND PARTNERSHIP ANNOUNCEMENT For personal use only AIR NEW ZEALAND, POWERED BY HUMMGROUP • 10-year partnership with Air New Zealand announced today to offer financial services products to 2.6 million Airpoints members in New Zea
Slide 11: Partnership Rationale
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | PARTNERSHIP RATIONALE For personal use only FOR HUMMGROUP FOR ENTERPRISES CAPITAL LIGHT BANKS LOYALTY RETAILERS SCHEMES 01 | Capital light model PROGRAMS 02 | LOW CUSTOMER ACQUISITION COSTS/FAST SCALING Access to high quality pre-qualified
Slide 12: Total Addressable Market
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | TOTAL ADDRESSABLE MARKET For personal use only Total addressable retail market (A$1.9t) $77b $91b $349b $613b $778b ‘Big things’ total addressable market (A$500b+)2 Home & Home Improvement $69b $74b $59b $2b $2b Health $13b $63b $55b $5b $5
Slide 13: Cross-sell/Customer Acquisition Strategy
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | CROSS-SELL/CUSTOMER ACQUISITION STRATEGY For personal use only MEDIUM-TERM CROSS-SELL OVERLAPS (ILLUSTRATIVE) FY21 CURRENT CROSS-SELL 18% overlap between humm (‘Big things’ and ‘Little things’) 25% of bundll customers have humm 3% overlap b
Slide 14: Growth Targets
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | GROWTH TARGETS For personal use only FY21 MEDIUM-TERM1 TARGETS $2.7b $>2x FY21 Volume Volume $443.9m $~2x FY21 Gross income Gross income $2.6b ` $~2x FY21 Average net Average net receivables receivables $68.4m $100m+2 CNPAT CNPAT 54.6% Sub
Slide 15: Investment Checklist
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | INVESTMENT CHECKLIST For personal use only Strong and sustainable Diversified business unit economics model Partnership strategy A profitable business that Portfolio of successful Partner of choice for can self-fund growth growth and season
Slide 16: CEO's Address: In Closing
For personal use only CEO’S ADDRESS IN CLOSING
Slide 17: Items of Business
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | ITEMS OF BUSINESS For personal use only 01 | Consideration of the Financial Report, Directors’ Report and Auditor’s Report of the Company for the financial year ended 30 June 2021 02 | Adoption of the 2021 Remuneration Report 03 | Election
Slide 18: Item 1. Financial Report, Directors' Report and Auditor's Report
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 1. For personal use only Financial Report, Directors’ Report and Auditor’s Report To receive and consider the Financial Report, Directors’ Report and Auditor’s Report of the Company for the financial year ended 30 June 2021. 18
Slide 19: Item 2. Remuneration Report
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 2. For personal use only Remuneration Report To consider and, if thought fit, to pass the following resolution: That the Remuneration Report (which forms part of the Directors’ Report) for the financial year ended 30 June 2021 be adopted
Slide 20: Item 2. Remuneration Report: Proxy numbers
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 2. For personal use only Remuneration Report: Proxy numbers For — 113,685,565 96.65% Against — 2,767,109 2.35% Open (at Chair’s discretion) — 1,168,532 0.99% Abstain — 435,980 — 20
Slide 21: Item 3. Election of Director
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 3. For personal use only Election of Director To consider and, if thought fit, to pass the following resolution: That Alistair Muir be elected as a Director of hummgroup. 21
Slide 22: Item 3. Election of Director: Proxy numbers
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 3. For personal use only Election of Director: Proxy numbers For — 215,653,947 99.12% Against — 624,712 0.29% Open (at Chair’s discretion) — 1,300,715 0.60% Abstain — 598,601 — 22
Slide 23: Item 4. Re-election of Director
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 4. For personal use only Re-election of Director To consider and, if thought fit, to pass the following resolution: That Andrew Abercrombie be re-elected as a Director of hummgroup. 23
Slide 24: Item 4. Re-election of Director: Proxy numbers
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 4. For personal use only Re-election of Director: Proxy numbers For — 215,122,334 98.81% Against — 1,425,498 0.65% Open (at Chair’s discretion) — 1,162,715 0.53% Abstain — 467,428 — 24
Slide 25: Item 5. Re-election of Director
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 5. For personal use only Re-election of Director To consider and, if thought fit, to pass the following resolution: That Carole Campbell be re-elected as a Director of hummgroup. 25
Slide 26: Item 5. Re-election of Director: Proxy numbers
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 Item 5. For personal use only Re-election of Director: Proxy numbers For — 215,604,326 99.06% Against — 784,016 0.36% Open (at Chair’s discretion) — 1,258,215 0.58% Abstain — 531,418 — 26
Slide 27: Questions
For personal use only QUESTIONS
Slide 28: Disclaimer
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 | DISCLAIMER For personal use only This presentation has been prepared by humm group limited ACN 122 574 583 (“hummgroup”). and agents disclaim all liability and responsibility (including without limitation any liability arising from fault or
Slide 29: Thank You
HUMMGROUP 2021 ANNUAL GENERAL MEETING // 18 NOVEMBER 2021 For personal use only THANK YOU 29