Humm Group Limited (HUM) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to HUM Group H123 results conference call. At this time, all participants are on the listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. To ask your question or comment on the web, please type your question in the box located on the left-hand side of the screen. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker, Rebecca James, Chief Executive Officer. Please go ahead. Good morning. Thank you for joining us for our half-year 23 results presentation. My name is Rebecca James, CEO of Hum Group, and I'm joined today by our CFO, Adrian Fiske. Today's results are an outcome of initiatives taken over the course of the past 12 months to align with our core offering in bigger ticket items and ensure that we're in the strongest position to continue to grow our business in a profitable and competitive manner. During the period, we've grown our receivables book by over 27% to $3.8 billion in the half, with the overwhelming majority of it in what we would call financing bigger ticket items for small to medium businesses and consumers. Less than 2% of our business finances small items in the buy now, pay later sector. We provide an average loan of 4,500 in our consumer finance business and an average loan value of 100,000 in our commercial business. We've continued to invest and enhance our superior credit decision engine, which has delivered net loss to ANR of 1.95% in the first half 23. a 90 basis poin...