Harmoney Corp Limited (HMY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Harmony's full year 24 results presentation. I'm David Stevens, the CEO and Managing Director of Harmony. With me today is Simon Ward, our Chief Financial Officer. I've been looking forward to presenting today's results for the last 18 months as we have some very exciting news to share with respect to our number one strategic priority, that being our new platform, Stellair 2.0, which became fully operational in Australia in July 2024. Now turning to slide two. Today I'll begin with reminding you of Harmony's key differentiators. I'll then take you through our key highlights of financial year 24 and the exciting results of Stellair 2.0. I'll then hand over to Simon who will take you through our financial results. Finally, I'll discuss our 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 ask a 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 three and then on to slide four. What sets Harmony apart from others? We're Australia and New Zealand's largest 100% online consumer direct lender. The total market opportunity of $150 billion with our market share less than 1%, so we have a huge total addressable market in front of us. Our algorithms partner in real time with Google's algorithms to attract prime, high intent customers at low cost. We provide a great customer experience and direct customer relationship attracts returning customers at near zero cost. We use deep first-party data and AI models to deliver a prime loan book and a 5% risk-adjusted income. We're funded by three of the big four Australian banks, plus securitisation programs. Our Stellair automation drives ...