Cash Converters International Limited · ASX:CCV
Cash Converters International — Shareholder Meeting (November 2015)
12 slides from Cash Converters International's shareholder meeting presentation, November 2015
Slide 1: AGM Presentation
AGM Presentation November 2015
Slide 2: Segment Results FY 2015
Segment Results FY 2015 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 (before minority
Slide 3: 30 June 2015 Full Year Results
30 June 2015 Full Year Results 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 $m 29.6 - payment - Termination fees – bank facil
Slide 4: FY15 Overview
FY15 Overview Termination of Kentsleigh/Cliffview agency agreement. P&L impact of $29.6m Earnings and cash flow accretive Settlement of NSW Class Action. Provision made in FY15 of $23m and settled in October 2015 Westpac terminates banking facilities effective March 2016. In the process of establish
Slide 5: Online Loan Growth
Online Loan Growth Online loan growth continues to be strong Online Cash Advance Volumes 1,400.0 1,200.0 1,000.0 A$ Thousands 800.0 600.0 400.0 200.0 0.0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Last Yr 310.1 310.3 370.0 357.8 455.9 478.6 714.8 649.9 706.6 755.6 714.4 844.2 734.4 This
Slide 6: Online Loan Growth
Online Loan Growth Online loan growth continues to be strong Online Personal Loan Volumes 8.0 7.0 6.0 A$ Millions 5.0 4.0 3.0 2.0 1.0 0.0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Last Yr 1.5 1.8 2.0 2.3 3.0 3.8 6.1 5.1 4.2 4.9 4.6 5.5 5.1 This Yr 5.1 4.5 4.0 4.6 5.2 5.4 7.6 5.9 5.3 6.
Slide 7: Australia performs strongly
Australia performs strongly Normalised Aust. Divisional Aust. Cash Advance EBITDA Aust. Personal loan EBITDA EBITDA $71.3m $11.5m $54.3m +19.8% +40.3% +26% 2014: $56.5m 2014 : $9.6m 2014: $38.7m Aust. corporate stores Aust. Online Cash Advance Aust. Online Personal Loans EBITDA – principal advanced
Slide 8: Regulatory Environments
Regulatory Environments 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 high-cost, short-term credit, came into effect from 2 January 2015. The legislation introduced the following:
Slide 9: Regulatory Environments
Regulatory Environments Australia– Regulatory Environment The Government has established a review of the small amount credit contact (SAAC) laws. The review is being Chaired by Ms Danielle Press, CEO, Equipsuper. The panel members for the review are Ms Catherine Walter AM, deputy Chair of Funds Mana
Slide 10: Facts and myths
Facts and myths • To facilitate a wider engagement with legislators, banks and the equity market, the Company has produced a series of infographics and video to better illustrate the complex rules and regulations that it operates under to help dispel the myths that generate the negative sentiment th
Slide 11: Facts and myths
Facts and myths To view the video, please click on the following link: https://youtu.be/78epjD9gKwI
Slide 12: Outlook and challenges
Outlook and challenges • Legislative uncertainty will conclude in February 2016 • Replacement transactional banking and debt funding is well underway and we hope to conclude these arrangements before December • Strategic review announced in September 2015 to be completed by December 2015 • UK turnar
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