Harmoney Corp Limited (HMY) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Harmony's full year 2023 results presentation. I'm David Stevens, the CEO and Managing Director of Harmony. With me today is Simon Ward, our CFO. Just a reminder that from this year we changed our reporting currency to Australian dollars. All numbers in this presentation are in Australian dollars unless otherwise noted. Now turning to slide two. We bring your attention to important information related to disclosures in today's presentation. We'll leave this with you to review at your leisure. Now turning to slide three. Today I'll begin with highlighting our results for financial year 2023. I'll then go into an overview of our business model. Many of these themes will be familiar to you if you've followed our progress, but it's useful to keep these top of mind as we go over what this model is delivering today and will continue to do so into the future. I'll then hand over to Simon who will take you through our financial results. Finally, I'll discuss our strategy and outlook before responding to your questions. You can submit a question on the webcast at any time during the presentation. by typing it into the after question box and then hitting submit. We'll then endeavour to respond to your questions during the Q&A at the end. Now turning to slide four and then on to slide five. This slide presents our key performance metrics. For financial year 23, our loan book experience growth of 28% bringing it to $744 million. We also grew our revenue by 47% to $107 million. We delivered a net interest margin of 9.6% in a year of significantly increasing interest rates, which was very pleasing and proves that the Harmony consumer direct business model can effectively pass on increases in interest rates without impacting demand for its product. A real highl...