Cash Converters International (CCV) Investor Presentation summary

Business overview and strategy

• Operates as a data-driven lender and circular retailer with 659 stores in 15 countries, integrating online and in-store channels for diversified earnings.

• Focuses on responsible, lower-cost lending and repurposed retail, with a luxury goods emphasis and strategic store growth via franchise acquisitions in Australia, UK, and Europe.

• Processes over 500,000 loan applications annually in Australia using proprietary machine learning credit models, supporting a fully integrated digital and physical customer experience.

• Delivers consistent shareholder returns with five consecutive years of fully franked dividends and a focus on cash NPAT growth.

Financial performance

• FY25 revenue reached $385.3m, up 1% from FY24, with operating EBITDA at $74.5m (up 8%) and operating NPAT at $25.1m (up 20%).

• Cash and equivalents increased 30% to $73.2m, and the gross loan book was $244.6m, down 15% as discontinued loan books run down.

• Net loss rate improved to 16.0%, and EPS rose to 3.9cps, with a fully franked annual dividend of 2.0c per share and a 7.1% yield.

• Market cap stands at $176m, with NTA per share at 28.8c and $81m undrawn securitisation available.

Strategic transformation and growth

• Simplified business model by exiting payday and vehicle loans, focusing on new, lower-risk lending products and scaling new loan books.

• Acquired 96 franchise stores since FY21, with the first luxury-only store showing strong performance and a pipeline targeting 20+ acquisitions per year.

• Secured diversified funding, including a Lloyds facility in the UK, and maintains a majority corporate-owned network in core geographies.

• Consistent EPS growth and dividend payments, with a focus on sustainable earnings momentum.