Humm Group Limited · ASX:HUM
Humm — Shareholder Meeting (November 2020)
34 slides from Humm's shareholder meeting presentation, Nov 19, 2020
Slide 1: AGM 2020
AGM.2020
Slide 2: Chairman’s address: Andrew Abercrombie
flexigroup 2020 AGM Chairman’s address// Andrew Abercrombie 2 flexigroup // 2020
Slide 3: CEO’s address: Rebecca James
flexigroup 2020 AGM CEO’s address// Rebecca James 3 flexigroup // 2020
Slide 4: Our mission is to revolutionise the way people buy
Our mission is to revolutionise the way people buy. With a single platform serving everybody from Gen Z and millennial spenders, through to young families and SMEs. humm finances everything, from life’s little luxuries through to significant purchases. 4 flexigroup // 2020
Slide 5: Our FY20 execution
flexigroup 2020 AGM // CEO’s address Our FY20 execution// High growth Differentiated proposition with Diversified by design 570,000 new customers added (+ 37% YoY) strong unit economics Resilient business model $2.5B transaction volume (+17% YoY)1 3rd largest BNPL provider domestically and a profita
Slide 6: Simplified
flexigroup 2020 AGM // CEO’s address Simplified// Final simplification milestone to Simplified Through automation, self-service service functionality and use of web chat has unify the proposition of interest led to customer service improvements free instalment payments for while lowering costs. cons
Slide 7: 1Q21 performance & outlook
flexigroup 2020 AGM // CEO’s address 1Q21 performance & outlook// >> Solid 1Q21 volume performance in BNPL and BNPL 2.8% 2.2% Commercial despite the business continuing to take a 30+ days arrears SEP-19 SEP-20 prudent approach to credit risk and approvals, offset by reduced volumes in AU & NZ Cards.
Slide 8: Brands united under one name
flexigroup 2020 AGM // CEO’s address Both the flexigroup brand and our flagship consumer brands will now be united under one name… 8 flexigroup // 2020
Slide 9: Loved by our customers
flexigroup 2020 AGM // CEO’s address Loved by our customers// 4.7 Out of 5 App Store rating* 1m+ App downloads across the humm ecosystem 4.7 Out of 5 Play Store rating* 14.8K Number of ratings* 4.7 Out of 5 ReviewTrackers rating* 302 % Increase in reviews^ Improvement across all product ratings and
Slide 10: Strong resonance with retail partners
flexigroup 2020 AGM // CEO’s address Strong resonance with retail partners// 9% 4% 40% 47% Figures relate to BNPL FY20 transaction volumes for Australia and New Zealand. 10 flexigroup // 2020
Slide 11: Single platform
flexigroup 2020 AGM // CEO’s address Single platform// Serving everybody from Gen Z and millennial spenders, through to young families and SMEs. humm finances everything, from life’s little luxuries through to significant purchases. Buy Now. Pay Later. Live interest free forever! Built to shop. Buy
Slide 12: Solutions across the entire journey
flexigroup 2020 AGM // CEO’s address Solutions across the entire journey// CONSUMER SOLUTIONS. (online + in-store) Payment Maximum Little Big solution limit things things Description >> 2 weeks to repay, snooze for an extra 2. <$1,000 ✓ >> Repay over 12 weeks with superbundll. BNPL. Built for busine
Slide 13: Growth pillars
flexigroup 2020 AGM // CEO’s address Growth pillars// Expanding Driving New products International the core customer for new expansion engagement audiences New merchants and Driving customer Addressing new Expansion into platforms in current engagement and markets through bundll new markets markets
Slide 14: Renewables growth
flexigroup 2020 AGM // CEO’s address Renewables growth// Consolidating leadership position in Australian renewables. >> Two year arrangement with AGL signed. >> humm long-term finance solutions for AGL customers to purchase combined solar and battery systems. >> Signed 35 preferred partnerships with
Slide 15: Merchant growth
flexigroup 2020 AGM // CEO’s address Merchant growth// Australia. Home & Home Improvement. Health & Wellbeing. ® Retail. Platforms. 15 flexigroup // 2020
Slide 16: Merchant growth
flexigroup 2020 AGM // CEO’s address Merchant growth// New Zealand. Ireland. Home & Home Improvement //Automotive. Health & Wellbeing. Retail. 16 flexigroup // 2020
Slide 17: Customer engagement
flexigroup 2020 AGM // CEO’s address Customer engagement// >11% of humm Australia customers have now completed a little and big transaction. 17 flexigroup // 2020
Slide 18: BNPL product aimed at disrupting the debit card market is resonating
flexigroup 2020 AGM // CEO’s address // BNPL product aimed at disrupting the debit card market is resonating. In built budgeting tools support financial wellness for customers. 1,500 64% 76K Customers joining Growth in 4Q20 Unique merchant each week volumes over 3Q20 IDs – strength of and climbing b
Slide 19: flexigroup 2020 AGM CEO’s address
flexigroup 2020 AGM // CEO’s address 19 flexigroup // 2020
Slide 20: International expansion
flexigroup 2020 AGM // CEO’s address International expansion// International markets. >> Actively pursuing expansion strategies to enter two international markets during 2H21. >> Activity well progressed with strong existing retailer, technology and operational relationships in identified markets. >
Slide 21: International expansion: Mastercard partnership
flexigroup 2020 AGM // CEO’s address International expansion// Mastercard® partnership to take bundll global. >> Mastercard to drive adoption by banks internationally and support product development to achieve scale globally. >> bundll chosen for its ability to integrate seamlessly into existing sys
Slide 22: In closing
flexigroup 2020 AGM // CEO’s address CEO’s address// In closing 22 flexigroup // 2020
Slide 23: Item 1: Financial Report, Directors’ Report and Auditor’s Report
flexigroup 2020 AGM Item 1. 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 2020. 23 flexigroup // 2020
Slide 24: Item 2: Remuneration Report
flexigroup 2020 AGM Item 2. 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 2020 be adopted. 24 flexigroup // 2020
Slide 25: Item 2: Remuneration Report Proxy Numbers
flexigroup 2020 AGM Item 2. Remuneration Report: Proxy Numbers For – 165,569,503 95.8% Against – 3,362,059 1.9% Open (at Chair’s discretion) – 2,048,389 1.2% Abstain – 1,853,039 1.1% 25 flexigroup // 2020
Slide 26: Item 3: Re-election of Director
flexigroup 2020 AGM Item 3. Re-election of Director To consider and, if thought fit, to pass the following resolution: “ That Christine Christian AO, who retires in accordance with ASX Listing Rule 14.5 and Article 10.3(a) of the Company’s constitution, and being eligible, be re-elected as a Directo
Slide 27: Item 3: Re-election of Director Proxy Numbers
flexigroup 2020 AGM Item 3. Re-election of Director: Proxy Numbers For – 277,928,103 98.1% Against – 2,373,215 0.8% Open (at Chair’s discretion) – 1,362,432 0.5% Abstain – 1,611,526 0.6% 27 flexigroup // 2020
Slide 28: Item 4: Approval of the change of Company name
flexigroup 2020 AGM Item 4. Approval of the change of Company name To consider and, if thought fit, to pass the following resolution as a special resolution: “ That the Company adopt as its new name, humm Group Limited. 28 flexigroup // 2020
Slide 29: Item 4: Change of Company name Proxy Numbers
flexigroup 2020 AGM Item 4. Approval of the change of Company name: Proxy Numbers For – 279,437,867 98.6% Against – 837,821 0.3% Open (at Chair’s discretion) – 1,383,655 0.5% Abstain – 1,615,933 0.6% 29 flexigroup // 2020
Slide 30: Item 5: Approval of participation in the Long Term Incentive Plan
flexigroup 2020 AGM Item 5. Approval of participation in the flexigroup Long Term Incentive Plan To consider and, if thought fit, to pass the following resolution: “ That, for all purposes, approval is given for the grant of 2,000,000 Options to Ms Rebecca James under the Long Term Incentive Plan (‘
Slide 31: Item 5: Long Term Incentive Plan Proxy Numbers
flexigroup 2020 AGM Item 5. Approval of participation in the flexigroup Long Term Incentive Plan: Proxy Numbers For – 276,253,132 97.5% Against – 3,842,092 1.4% Open (at Chair’s discretion) – 1,388,085 0.5% Abstain – 1,791,967 0.6% 31 flexigroup // 2020
Slide 32: Questions
flexigroup 2020 AGM Questions// 32 flexigroup // 2020
Slide 33: Disclaimer
flexigroup 2020 AGM Disclaimer// No recommendation, offer, invitation or advice To the maximum extent permitted by law, flexigroup and its related bodies corporate, This presentation is not a financial product or investment advice or recommendation, offer directors, officers, employees, advisers and
Slide 34: Thank you
flexigroup 2020 AGM Thank you// 34 flexigroup // 2020