Echoice : 04/03/2016 – Broker presentation Half Year FY 2016 PDF

Slide 1 Financial Presentation to Brokers - Half Year 2016

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Agenda

1H2016

Page 3	Financial highlights
Page 4	Operating highlights
Page 5	Cash flow and funding
Page 6	Mortgage business
Page 7	Digital business
Page 8	Summary & outlook
Page 9	Appendix: The Numbers

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Financial highlights

1H2016

• Revenue from continuing operations $30.1 million, up 3.8% on pcp

• Other revenue, including growth businesses, up 16.4% on pcp

• Digital solution revenues, up by 94.7% on pcp

• Operating Costs reduced $3.1 million compared to pcp

• Cash operating EBITDA from continuing operations of $3.7 million

• Total settlement volumes of $1.7 billion, up 10.8% on pcp

• Net debt reduced by $10.6 million to $47.7 million

• Net loss after tax of $1.6 million after NPV adjustment of $3.4 million

  
  

  Note: Cash operating EBITDA represents the continuing operating EBITDA adjusted for the movement in the NPV net asset

  
  

  
  

  3

  Operating highlights

  
  

  1H2016

  
  

• Continued transformation, business consolidation and financial confidence

• Significant debt reduction from operating cash flow and proceeds

  from sale of mortgage securitisation business (Firstfolio Capital)

• Major operational cost reductions realised with more to come

• Future digital business partners are actively being pursued

• Technology enhancements - FLeaTS now completely digital and online

  and gaining reputation as the leading aggregation platform

• Increased growth in settlements supported by investment in broker network

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