Credit Corp Group
FY17 Market upda27 April 2017
Thomas Beregi, CEO Michael Eadie, CFO
Leadership in the credit impaired consumer segment... Credit Corp Group
Long-term growth
• ROE 16% - 18%
Low gearing
Core Australian I NZ debt buying
Largest database
History of pricing accuracy
Australian I NZ lending
Highest asset turnover 1
Lowest cost to collect 2
No adverse orders or undertakings
Low complaint rate
$1.3bn in ongoing repayment arrangements
Leverage knowledge of consumer
Up-front loss provisioning
Analytical monitoring
Automated decisioning
Collection strength
APRs below cap applicable to mainstream credit
Regulatory upside - no
'payday loans'
USA debt buying
Adapted knowledge to US environment
35% productivity improvement • over pep in H1 FY17
Low regulator complaint rate
Large market opportunity
Sizeable operation ready to
take advantage of improved conditions
Strong client audit
outcomes
YTD Mar-17 annualised ratio of cash collections from PDLs to average POL carrying value of 1.2x
YTD Mar-17 ratio of cash costs of the Debt Ledger Purchasing segment to collections of 36%
FY17 Market update I 2
(
...and return disciplines have generated sustained performance... credit corp GroupCents
per share ROE %
23%
17.°./o.....••·•·•••
......•·• ··•·
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EPS CAGR 21%
•·••·• • ··•···•·····
114
98
83
75
70
FY10 FY 11 FY12 FY13 FY14 FY 15 FY16
-DPS -EPS ····•··ROE
* FY17 midpoint of most recent market guidance
FY 17 *
FY17 Market update I 3
CCP response …while positioning CCP for the next wave of opportunityAUS / NZ PDL purchasing |
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AUS / NZ Lending |
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US PDL purchasing |
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FY17 Market update | 4
Credit Corp Group Limited published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 00:02:16 UTC.
Original documenthttps://www.creditcorp.com.au/media/1383/apr-17-market-update.pdf
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