Change Financial Ltd · ASX:CCA
Change Financial — Q4 FY24 Earnings Presentation
17 slides from Change Financial's earnings presentation, Jul 25, 2024
Slide 1: Q4 FY24 Investor Presentation
For personal use only Q4 FY24 Investor Presentation 25 July 2024
Slide 2: Delivering innovative and scalable payments solutions
Delivering innovative and scalable payments solutions u Change leverages innovative and scalable technology to provide tailored payment solutions, card issuing and testing to 150+ Payments solutions banks & fintechs across 40+ countries provider driving u Two core products in the banking & payments
Slide 3: Key Highlights
Key Highlights Record revenue quarter uH2 FY24 revenue (unaudited) of US$6.2m (A$9.3m), up 39% on pcp driven by an increase in uFY24 revenue (unaudited) of US$10.6m (A$15.8m), up 22% on FY23 professional services revenue and an US$3.2m 40k+ 59% increasing contribution For personal use only from PaaS
Slide 4: Vertexon PaaS Metrics
Vertexon PaaS Metrics PaaS platform starting Major client onboarding milestones now complete Active Cards to scale with volumes 8 clients now live on Vertexon PaaS platform 32,000 increasing as cards 28,000 60k+ cards issued to date² 24,000 migrate to Change 40k+ cards now active (greater revenue co
Slide 5: Financial Update – Q4 FY24
Financial Update – Q4 FY24 Significant PaaS Q4 FY24 revenue of US$3.2m (A$4.8m¹), up 56% pcp Revenue by Quarter (US$m) revenue ramp up Record revenue quarter 3.2 3.0 underway Growth driven by increasing PaaS revenue and 2.4 2.4 2.3 increased professional services revenue 2.3 2.2 2.1 2.0 2.0 1.9 1.9
Slide 6: Delivering on Key Milestones – H2
Delivering on Key Milestones – H2 Clear and focussed 1 Shared Success & Growth operational roadmap to Complete migration of NZ financial institution client cardholders to drive transactional revenue growth – COMPLETE deliver shareholder value Complete onboarding of US clients – COMPLETE Rolling Thun
Slide 7: Delivering on Key Milestones – H2 (cont.)
Delivering on Key Milestones – H2 (cont.) Clear and focussed 2 Operational Excellence operational roadmap to deliver shareholder Strengthen & refine core operations and capabilities – compliance, security, fraud & transaction monitoring – ONGOING value Strong base operations and capabilities in plac
Slide 8: Revenue Drivers & Outlook
Revenue Drivers & Outlook PaaS platform starting Actuals Revenue Build to scale with volumes 16.0 increasing as cards 14.0 migrate to Change Contracted Recurring Revenue 12.0 For personal use only 10.6 3 5 10.0 1.1 2 8.7 2.0 + 4 8.0 3.1 1.3 1.9 + 6.0 1.9 1 1.3 1.3 4.0 Support & Maintenance PaaS 4.9
Slide 9: Outlook
Outlook u PaaS clients now onboarded and contributing material revenue in FY25 Positive outlook as Change builds u Existing clients providing reference-ability – a key factor in the selection process for potential clients momentum and continues to scale u Targeting FY25 revenue growth in excess of 3
Slide 10: Investment Highlights
Investment Highlights Following a significant Building Blocks Now Entering Growth & Scale Marquee Customers period of investment, In Place Phase Change is entering the commercialisation All regulatory and licensing FY24 revenue of US$10.6m (A$15.8m) Early validation of PaaS platform via phase with a
Slide 11: Appendix
For personal use only Appendix
Slide 12: Vertexon in the payments process
Vertexon in the payments process Change’s role in the u Processing: An Issuer (Change’s client) using the Vertexon Processing: Customer pays with card (all card networks payments process Platform (technology only) to manage their cards – client is supported) & purchases goods/services from merchant
Slide 13: Vertexon product offering
Vertexon product offering Vertexon offering can Processing Processing & Issuing be tailored by client to • Provide core technology to enable card issuing and • Provide Processing capability + the following key card offer services that best management including: Issuing capabilities: suit client and
Slide 14: Vertexon issuing capabilities
Vertexon issuing capabilities All regulatory and Change has completed all necessary regulatory and licensing requirements to enable card issuing in Australia, NZ and the US licensing requirements Change can issue debit and prepaid cards in Australia, NZ and the US for card issuing in Mastercard Prin
Slide 15: PaySim: critical payments infrastructure testing tool
PaySim: critical payments infrastructure testing tool Software facilitates u Simulates the full transaction lifecycle, enabling banks & fintechs to complete end-to-end testing of their payment remote testing platforms, processes & scheme rule compliance without the need for u Enables financial insti
Slide 16: Disclaimer
Disclaimer Change Financial Important Notice This presentation has been prepared by Change Financial Limited (Change Financial) in good faith. No express or implied warranty is given as to the accuracy or completeness Limited of the information in this document or the accompanying presentation. All
Slide 17: Thank you.
Thank you. For personal use only Get in touch investors@changefinancial.com