Humm Group Limited (HUM) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to HARMS Group F523 results conference call. At this time, all participants are in the listen-only mode. After this speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. please be advised that today's conference call is being recorded. I would now like to hand the conference over to your speaker today, Stuart Grimshaw, CEO of Home Group. Please go ahead. Good morning and thank you for joining us today to discuss Home Group's financial results for the full year ended 30th of June, 2023. My name is Stuart Grimshaw, Chief Executive Officer of Home Group, a position that I've held since the start of June of this year. With me, I have Adrian Fisk, our Chief Financial Officer, and Dave Brevler, our Head of Investor Relations. On slide two, you'll see the agenda for the day, but we'll turn to slide three at this point of time. The company delivered $75 million in normalised cash profit after-tax for the 2023 financial year. This allowed us to provide a fully-framed final dividend of $0.01 per share, bringing the FY23 full year fully franked dividend to $0.02 per share. We've also announced that we'll be deducting an on-market share buyback of up to $10 million across FY24 subject to market conditions. We've continued to invest and enhance our superior credit decision engine, which has delivered net loss to average net receivables of 1.8% in FY23, an historic low for the group and a 60 basis point improvement on prior corresponding periods. In the current environment, we're acutely aware of the need to m...