Novatti Group Ltd. · ASX:NOV
Novatti — Shareholder Meeting (November 2024)
11 slides from Novatti's shareholder meeting presentation, Nov 28, 2024
Slide 1: Novatti Group Limited Annual General Meeting
For personal use only Novatti Group Limited (ASX:NOV) Annual General Meeting 28 November 2024
Slide 2: Important Information
Important Information This document has been prepared by Novatti Group Limited (Novatti) for information purposes This document may include statements or information relating to past performance of the Novatti about Novatti and its subsidiary companies (Novatti Group). It should be read in conjuncti
Slide 3: Our purpose
Our purpose For personal use only We enable Payment processing Global payments businesses to Omni-channel acceptance E-commerce Asian wallets Cross border payments EFTPOS China Payments - BPAY bills pay and be paid, SoftPOS Tap to Pay from any device, Unparalleled capabilities anywhere Alternative p
Slide 4: Our strategy
Our strategy Transformation into a focused Total Payment Solutions business focused on AU/NZ markets. For personal use only Underpinned by positive cashflow and 3 year 70%+ margin targets. Simplify Market Led, Lift Financial Performance the Business Customer-Focus 4
Slide 5: Transitioning to a focused growth model
Transitioning to a focused growth model New leadership successfully implemented business streamlining, cost reductions and asset sales For personal use only SUBSTANTIAL PROGRESS M A DE I N F Y2 4 Leadership Asset Sales • New turnaround C Suite in place • November 2023 – sale of stake in Reckon Ltd (
Slide 6: Strategy plays to our strength
Strategy plays to our strength Core focus on total payment solutions in AU/NZ with sale of non-core assets ongoing For personal use only Core Focus Non-Core Payments Payments Technology Investments AU/NZ International Solutions Key growth market Issuing Alternate Basis 2 Cross Border Payments Emersi
Slide 7: Growing core business
Growing core business Focus on growing core business of total payments solutions across AU/NZ For personal use only CORE BUSINESS REVENUES ( $M) • Core business includes: Acquiring, Issuing, Cross Border, Account Based Payments, ChinaPayments, NovattiBillPay • $13.7m core business revenue • 173% rev
Slide 8: Growing core business
Growing core business Driven by strong growth in customers and gross transaction value (GTV) For personal use only 8
Slide 9: FY24 – Lifting financial performance
FY24 – Lifting financial performance* Novatti Group Revenue and ex IBoA & AUDD Total Costs* For personal use only 17.2 18 $42.9m $9.8m+ 16 14 12.3 14.0 13.5 12.8 13.4 13.6 14.4 AUD million FY24 Annualised cost 12 12.9 Group Revenue reduction implemented since 10 11.3 11.4 10.2 10.3 9.9 – New record
Slide 10: FY25 – Focused on positive cashflow target
FY25 – Focused on positive cashflow target For personal use only Further cost reduction High margin revenue o $2.8m in annualised cost savings o Target verticals – Education, Real Estate, implemented: Health • Removal of wholesale Cross Border o Targeting mid-sized merchants and services integrated
Slide 11: The path forward
The path forward For personal use only o Novatti brand refresh and repositioning underway o Entry and penetration of target verticals and segments o Impact of further $2.8m in annualised cost removal to flow through o Payments AU/NZ supply chain restructure to improve gross margin – retain a 70%+ FY