Eml Payments Ltd. · ASX:EML
Eml Payments — H1 2025 Earnings Presentation
24 slides from Eml Payments's earnings presentation, Feb 26, 2025
Slide 1: 1H25 Results Presentation
1H25 Results Presentation 26 February 2025 Anthony Hynes. Executive Chair James Georgeson. Group CFO
Slide 2: Disclaimer & Important Notice
Disclaimer & Important Notice This investor presentation has been prepared by EML Payments Limited ABN 93 104 757 904 (EML) and is general background information about EML’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be c
Slide 3: 1H25 Overview
1H25 Overview. 3
Slide 4: 1H25 Performance Snapshot
1H25 Performance Snapshot. Continuing operations1 3 Revenue Profitability Cash Total Revenue EBITDA (underlying)2 Cash $115.1m $33.4m $50.6m 15% 50% 17% Customer Revenue STATUTORY NPAT Net Cash Movement $82.3m $9.5m $7.5m 6% from ($4.7m) eps 2.45cps Notes: 1 Continuing operations, as per the Interim
Slide 5: EML 2.0 Progress
EML 2.0 Progress. H1 FY25 Progress Global Operating Model Optimising our operating model Global structure deployed + strengthening leadership ELT appointments 90% complete Transforming EML by Revived Revenue Engine Commercial team clustered 10 FTE in BusDev. up from 6 with a further 5 WIP moving mon
Slide 6: 1H25 Financial results
1H25 Financial results. Note: Throughout this presentation, amounts may not sum and change calculations may not equate due to rounding. 6
Slide 7: Key operating performance metrics
Key operating performance metrics. Continuing operations1 Profit and loss:2 1H24 to 1H25 — Revenue increased 15% to $115.1m in 1H25, with: A$’m 1H25 1H24 Change — customer revenue up 6% as growth in Europe and Australia Customer revenue 82.3 77.7 ▲ 6% offset softer North America result. Europe benef
Slide 8: Europe
Europe. Continuing operations GDV Financial performance Commentary $3.2bn 1% A$'m 1H25 1H24 Change — Revenue performance up 30% on 1H24, driven by growth in customer revenue and interest. Customer revenue 41.8 37.1 ▲ 13% (1H24: $3.2bn) Interest revenue 26.2 15.3 ▲ 71% — Customer revenue benefited fr
Slide 9: Asia Pac
Asia Pac. Continuing operations GDV Financial performance Commentary $1.7bn 15% A$'m 1H25 1H24 Change — Revenue up 5% reflecting steady customer growth. Customer revenue 21.2 20.0 ▲ 6% — GDV of $1.7bn is 15% lower than 1H24 while revenue (1H24: $2.0bn) Interest revenue 5.6 5.6 -% yield increase of 2
Slide 10: North America
North America. Continuing operations GDV Financial performance Commentary $7.6bn 16% A$'m 1H25 1H24 Change — Revenue down 7% on 1H24 reflecting lower customer and interest revenue. Customer revenue 19.3 20.6 ▼ (6%) (1H24: $6.5bn) Interest revenue 1.0 1.2 ▼ (11%) — GDV has grown 16% due to increased
Slide 11: Underlying overheads net of Cost Recoveries
Underlying overheads net of Cost Recoveries. Continuing operations Underlying overheads net of Cost Recoveries were $53.3m, up 3% on PCP — Net overheads of $53.3m increased 3% on pcp and Underlying overheads net of Cost Recoveries: 1H24 to 1H25 ($’m) 10% on the prior half (2H24), as investments to p
Slide 12: Treasury management
Treasury management. Bond contribution to total interest Stored float (by currency) at December 2024 Interest income ($’m) 41% $13.6m Other Group (excl PCSIL and Sentenial) USD Bond average term 1.8 years 6% Bond average yield 3.9% 4% 32.8 AUD 22.1 — Interest revenue has increased by 49% to $32.8m,
Slide 13: Cash flow
Cash flow. Continuing operations Underlying operating cash flow was $14.7m in the period EBITDA to Underlying Operating cash flow (A$m) — Underlying EBITDA of $33.4m generated $4.6m net cash 40 from operations. Excluding the impact of one-offs and class 35 6.2 33.4 action costs, net operating cash m
Slide 14: 2H25 Outlook & Priorities
2H25 Outlook & Priorities. 14
Slide 15: 2H25 priorities
2H25 priorities. Build pipeline and close deals Efficiency Technology People Pipeline to ~$65m June 2025 Embed new global structure Arlo MVP buildout ready for Drive “One EML” cultural and realise efficiencies Q1FY26 reset Build momentum with contract wins Moving to global NPP integration in Aus Emb
Slide 16: Key Takeaways at the half year
Key Takeaways at the half year. 1 2 3 4 Leadership settled Momentum in our Balance sheet Financial and ELT in place commercial team is remains in a performance globally to drive building and we are strong position on track to FY25 “One EML” culture energised on a guidance and our EML 2.0 wider set o
Slide 17: Q&A
Q&A. 17
Slide 18: Appendix
Appendix. 18
Slide 19: Analyst briefing data: segment profit & loss
Analyst briefing data: segment profit & loss. Segment profit and loss:1 1H25 and 1H24 1H25 1H24 Asia North Continuing 1H25 Asia North Continuing 1H24 Europe Pac America Corporate Operations Sentenial Reported Europe Pac America Corporate Operations Sentenial PSCIL Reported Customer revenue 41.8 21.2
Slide 20: Analyst briefing data: Reconciliation - statutory to management P&L
Analyst briefing data: Reconciliation - statutory to management P&L. Statutory profit and loss 1H25 Management profit and loss: Statutory accounts to managements underlying profit and loss A$'m 1H25 1H24 1H25 reconciliation A reconciliation from statutory accounts to Revenue from contracts with cust
Slide 21: Analyst briefing data: other income & one off adjustments
Analyst briefing data: other income & one off adjustments. Other income – 1H25: Extract from Note A2 of Interim Report Reported in 1H25 Underlying A$ 'm Statutory EBITDA Set out opposite is Other income per the statutory accounts, along with Management fee charges 0.5 0.5 revenue which is reported i
Slide 22: Analyst briefing data: stored value
Analyst briefing data: stored value. Stored float and cash summary A$ 'm 1H25 1H24 1 Total Stored Value (including bonds) - AUD 2,507.2 1,897.8 2 Interest revenue 32.8 22.1 Annualised Interest Rate (%) 3 3.7% 2.5% Cash opening 43.1 71.4 Operating activities 4.6 14.6 Investing activities 41.4 (6.4) F
Slide 23: Balance sheet
Balance sheet. Balance sheet1 Cardholder Corporate $A'm Dec-24 Jun-24 Change funds Balances Cash and cash equivalents 50.6 43.1 17% 50.6 Contract assets 52.1 51.0 2% 52.1 Intangibles 114.2 163.5 (30%) 114.2 Segregated funds and bonds investments 2,533.2 2,147.9 18% 2,507.2 25.9 Other assets 79.4 73.
Slide 24: Glossary
Glossary. Abbreviation Meaning Abbreviation Meaning AASB Australian Accounting Standards Board GPR General Purpose Reloadable AFSL Australian Financial Services Licence Interpath PCSIL Liquidator Arlo Single Global Platform investment MVP Minimum Viable Product D&A Depreciation and Amortisation NPP