Novatti Group Ltd. · ASX:NOV
Novatti — Shareholder Meeting (November 2022)
11 slides from Novatti's shareholder meeting presentation, Nov 23, 2022
Slide 1: 2022 AGM Presentation: Scaling for growth
For personal use only 2022 AGM Presentation: Scaling for growth Peter Cook Managing Director www.novatti.com 23 November 2022
Slide 2: Disclaimer
Disclaimer For personal use only The material contained in this document is a presentation of general information about Novatti Group Limited’s activities, current as at the date of this presentation on 23 November 2022. It is provided in summary and does not purport to be complete. You should not r
Slide 3: FY22 in numbers
FY22 in numbers For personal use only FY22 key numbers highlight the strength of Novatti’s growth and balance sheet: $32.5m +97% +150% 76% FY22 annual Increase in annual Increase in annual Average growth in sales revenue sales revenue processing revenue annual sales on FY21 on FY21 revenue across pa
Slide 4: Tracking long-term progress
Tracking long-term progress For personal use only Novatti’s development and growth can be tracked over multiple years, highlighting the significant business now established: • FY20 – Invested heavily in partnerships and ecosystem • FY21 – Global payments ecosystem established • FY22 – Monetising eco
Slide 5: Delivered on growth strategy
FY22 - Delivered on growth strategy For personal use only • FY22 commenced with a $40m+ capital raising • Focused across the year on using funds to deliver growth strategy: New and expanded Pursue Strategic Reckon markets acquisitions investment • Accelerated growth of • ATX acquired in South East •
Slide 6: Overarching business growth
FY22 – Overarching business growth For personal use only Annual Sales Revenue 35 30 • Continuing long term revenue growth 25 o $32.5m – FY22 sales revenue 20 +97% 15 Growth on 10 FY21 o 97%+ increase on FY21 5 o 76% average annual revenue growth - Millions FY19 FY20 FY21 FY22 across the past five ye
Slide 7: Acquiring scaling quickly
FY22 – Acquiring scaling quickly For personal use only • Enables business to be paid Quarterly Gross Transaction Value instore and online 50 • Licences with both Visa and 45 40 Mastercard 35 • Solution is scalable 30 +72% Growth 25 on prior • FY22 sales traction seeing 20 quarter 15 significant resu
Slide 8: Reckon partnership
FY22 – Reckon partnership For personal use only • 19.9% interest acquired in leading accounting software provider Reckon $14.6m Dividends received 117k Number of cloud- so far based users Limited (ASX:RKN) • $14.6m in dividends received so far • Integrated Novatti’s solutions into Reckon’s products
Slide 9: FY23 – International Bank of Australia
FY23 – International Bank of Australia For personal use only • International Bank of Australia launched • Followed granting of restricted banking licence by APRA • Novatti holds 91% interest • Significant milestone in delivery of Novatti’s long term strategy • Full payments value-chain now establish
Slide 10: FY23 – targeting positive cashflow
FY23 – targeting positive cashflow For personal use only • FY22 marked a turning point. Targeting Net cash used in operations 5 positive cashflow underway 4 • 47% decrease in cash use in September -47% September quarter FY23 YoY 3 Quarter YoY • Strong balance sheet maintained: 2 o $36m in net assets
Slide 11: What to expect going forward
What to expect going forward For personal use only Novatti’s business has shifted from an investment and development phase to driving increased margin. Focus on scaling for growth in FY23: Shift to positive Drive returns from cashflow existing investment • Focus already shifted to delivering positiv