Credit Clear (CCR) AGM 2024 summary

Opening remarks and agenda

• AGM held on 22 November 2024, focusing on business update, profitable growth, and financial outlook for FY25, with leadership present to address stakeholder questions.

Financial performance review

• Revenue run rate YTD is AUD 48.8 million, up 20% year-on-year, with record October revenue of AUD 4.3 million, up 23% on prior period.

• Gross profit margin increased to 56% from 53% last year, driven by digital collections and operational efficiency.

• On track to achieve or exceed FY25 guidance of AUD 48–50 million revenue and over AUD 7 million in underlying EBITDA, with strong cash flow and six consecutive positive quarters.

• Share price up 85% over the past 12 months, reflecting improved business performance.

Strategic initiatives and plans

• Eight potential tier-1 clients signed and in development, representing AUD 8–10 million in future revenue, with expansion into new sectors like energy and telecommunications.

• Ongoing investment of AUD 1.2 million in tech development for FY25, with emphasis on digital collections, AI, SaaS platform, and product enhancements.

• Focus remains on Australian market, with international expansion on hold due to strong local demand.

• M&A remains a potential future strategy, with three acquisitions in the past five years.

• Strong new business pipeline with ongoing tenders for tier-1 clients.