Beforepay Group Limited · ASX:B4P
Beforepay — Shareholder Meeting (November 2024)
8 slides from Beforepay's shareholder meeting presentation, Nov 20, 2024
Slide 1: ASX Announcement: Annual General Meeting Presentation
ASX Announcement (ASX: B4P) 20 November 2024 Annual General Meeting Presentation Beforepay Group Limited (the Company) (ASX: B4P) provides the attached CEO presentation to be delivered to shareholders at the Company’s 2024 Annual General Meeting to be held at Automic Offices, Level 5, 126 Phillip St
Slide 2: Business Update - Annual General Meeting November 2024
Beforepay Group Limited ASX:B4P For personal use only Business Update Annual General Meeting November 2024
Slide 3: Disclaimer
FY24 Annual Results 3 Disclaimer This presentation has been prepared by Beforepay Group Limited To the maximum extent permitted by law, the Company and the Neither Beforepay nor any member of Beforepay Group represents or For personal use only (the ‘Company’). members of the Group make no representa
Slide 4: Key Achievements
FY24 Key Achievements For personal use only • Profitable in all four quarters • Integrated Carrington Labs' offering with Salesforce • Applied for Australian Credit Licence (received Q1 FY25) • Renewed external financing facility • Announced personal-loan product (launched Q2 FY25) • Received multip
Slide 5: FY24 By the Numbers
FY24 Annual Results 5 FY24 By the Numbers For personal use only NPBT $m $3.9 NPBT NTM $m FY22 FY23 FY24 $3.9m from a loss ($6.6m) in FY23 $19.5m up from $11.7m in FY23 ($6.6) Operating Net Defaults Expenses 1.4% down from 2.1% in FY23 $15.1m down from $18.7m in FY23 ($29.1) Pay Advances Active Users
Slide 6: Strong Growth in Net Transaction Margin Along with Tight Cost Control
FY24 Annual Results 6 Strong Growth in Net Transaction Margin $ Along with Tight Cost Control For personal use only Net Transaction Margin and Operating Expenses by Quarter $5.6m $5.6m $5.2m Net Transaction Margin up 66% to $19.5m in FY24 from $4.8m $11.7m in FY23. $4.4m $4.5m $4.2m $4.2m $4.0m $3.7
Slide 7: Declining Trend in Loan Defaults
FY24 Annual Results 7 Declining Trend in Loan Defaults Demonstrating Consistent Improvement in Credit Quality For personal use only Gross and Net Defaults % by Half Year 7.4% 7.4% FY23 FY24 3.1% gross | 2.1% net 2.4% gross | 1.4% net 4.6% 4.6% 3.3% 3.2% 2.9% 3.0% 2.5% 2.3% 2.9% Gross defaults % (of
Slide 8: The Path Ahead: Top Avenues for Growth
FY24 Annual Results 8 The Path Ahead: Top 3 Avenues for Growth For personal use only Existing core business • Build on recent user-growth momentum Pay advance • Release next version of risk-scoring model • Maintain cost focus while continuing to invest • Continue to monitor credit outcomes and adjus
Beforepay Group — Shareholder Meeting (November 2024) on 6ix