CREDIT CORP GROUP LIMITED ersonal use only
Leadership in the credit impaired consumer segment …
nlyo
- Purchasing levels vary inversely with pricing
sonalre use
SUSTAINABILITY & COMPLIANCE
- No adverse orders or undertakings
- Low dispute rate
- $1.6b in ongoing repayment arrangements
- Low regulator complaint rate
- Strong client audit outcomes
- APRs below cap applicable to mainstream credit
- Regulatory upside - no 'payday loans'
- Superior pricing disrupting the market
Target
Long-term growth
ROE 16% - 18%
Low gearing
1. H1 FY2022 ratio of cash collections from PDLs to average PDL carrying value in Australian Debt Ledger Purchasing segment of 1.2x
2. H1 FY2022 cash costs as a proportion of collections in the Australian Debt Ledger Purchasing segment of 35%
Credit Corp Group H1 FY2022 Results Presentation | 2 |
… has delivered sustained growth …
only | NPAT AND RETURN ON ASSETS | |||||||||
$ 105m | 18.0% | |||||||||
16.0% | ||||||||||
use | $ 90m | |||||||||
$ 75m | 14.0% | |||||||||
12.0% | ||||||||||
$ 60m | 10.0% | |||||||||
$ 45m | 8.0% | |||||||||
$ 30m | 6.0% | |||||||||
4.0% | ||||||||||
$ 15m | 2.0% | |||||||||
- | - | |||||||||
FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | Projected | ||
Total NPAT (LHS) | COVID adjustments NPAT (LHS) | ROA (RHS) | FY2022 1 | |||||||
1. Midpoint of FY2022 NPAT guidance | Credit Corp Group H1 FY2022 Results Presentation | 3 | ||||||||
ersonal |
… and a solid start to the year …
only | H1 FY2021 | H1 FY2022 | Var % | ||||
AU/NZ debt buying | $113.3m | $118.8m | 5% | ||||
US debt buying | $37.3m | $42.8m | 15% | ||||
use | AU/NZ lending | $37.4m | $42.3m | 13% | |||
Revenue total | $188.0m | $203.9m | 8% | ||||
8% | |||||||
AU/NZ debt buying | $27.5m | $29.0m | 5% | ||||
growth in NPAT | US debt buying | $8.0m | $10.5m | 31% | |||
ersonal | AU/NZ lending | $6.7m | $6.2m | (7%) | |||
NPAT total 1 | $42.3m | $45.7m | 8% | ||||
EPS (basic) 1 | 62.8 c | 67.7 c | 8% | ||||
Dividend | 36.0c | 38.0c | 6% | ||||
1. Statutory NPAT of $50.2 million and EPS of 74.4 cents includes $4.5 million US Paycheck Protection Program (PPP) loan forgiveness which occurred in H1 FY2022 | Credit Corp Group H1 FY2022 Results Presentation | 4 | |||||
… with record investment to support ongoing growth …
only
Record half-year investment use(including the Radio Rentals
book) in challenging conditions
Highest Aus/NZ direct from issuer purchasing since pre-pandemic
ersonal Strong recovery in lending volumes late in the period
PDL INVESTMENT AND LENDING VOLUME
$ 350m | ||||
$ 300m | ||||
$ 250m | ||||
$ 200m | ||||
$ 150m | ||||
$ 100m | ||||
$ 50m | ||||
- | ||||
H1 FY2020 | H2 FY2020 | H1 FY2021 | H2 FY2021 | H1 FY2022 |
Aus/NZ debt buying | Baycorp/Collection House/Radio Rentals | |||
US debt buying | Lending volume (gross) |
Credit Corp Group H1 FY2022 Results Presentation | 5 |
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Credit Corp Group Limited published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 21:57:02 UTC.
