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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Credit Corp Group Limited    CCP   AU000000CCP3

CREDIT CORP GROUP LIMITED

(CCP)
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Credit : FY17 Results Presentation

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07/31/2017 | 08:06pm EDT

Credit Corp Group

FY17 Results Presenta

1 August 2017

Thomas Beregi, CEO Michael Eadie, CFO

  • 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

  • Large market opportunity

  • Productivity improved 20% during FY 17 and 30% on more recent purchases

  • Sizeable operation ready to take advantage of improved conditions

  • Low regulator complaint rate

  • Strong client audit outcomes

  1. FY17 annualised ratio of cash collections from PDLs to average POL carrying value of 1.2x

  2. FY17 ratio of cash costs of the Debt Ledger Purchasing segment to collections of 36%

FY17 Results Presentation I 2

Cents per share

140

120

ROE %

24%

............·•·• • •··•··• •·····•··• • • ··•·••••·•·• •• ···•·•• •·•····•·••·•·•

.........•··•·•··• •·

100

80

.......·

EPS CAGR 28% 117

98

83

75

6070

40

20

FY08 FY09 FY10 FY 11 FY12 FY13 FY14 FY15 FY 16 FY17

-ops -EPS .......ROE

FY17 Results Presentation I 3

FY17 Financial results

0

Debt buying 1

FY17

$199.Sm

FY16

$173.2m

$ change

+$26.3m

Lending

$66.4m

$53.Sm

+$12.9m

Revenue total

$265.9m

$226.7m

+$39.2m

Debt buying 1

$42.9m

$39.Bm

+$3.1m

Lending

$12.3m

$6. 1m

+$6.2m

NPAT total

$55.2m

$45.9m

+$9.3m

EPS (basic)

116.Scps

98.4cps

+18.4cps

Dividend

58.0cps

50.0cps

+8.0cps

/ o change

- +17°/o

- +20%

- +19%

- +16%

1. Debt buying includes agency activities

FY17 Results Presentation I 4

Credit Corp Group Limited published this content on 01 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 July 2017 23:05:25 UTC.


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Financials
Sales 2021 341 M 243 M 243 M
Net income 2021 69,0 M 49,1 M 49,1 M
Net cash 2021 74,7 M 53,1 M 53,1 M
P/E ratio 2021 19,7x
Yield 2021 2,54%
Capitalization 1 362 M 970 M 969 M
EV / Sales 2021 3,78x
EV / Sales 2022 3,66x
Nbr of Employees -
Free-Float 94,7%
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Technical analysis trends CREDIT CORP GROUP LIMITED
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 6
Average target price 19,57 AUD
Last Close Price 20,23 AUD
Spread / Highest target 5,04%
Spread / Average Target -3,27%
Spread / Lowest Target -11,0%
EPS Revisions
Managers
NameTitle
Thomas George Beregi Chief Executive Officer & Co-Secretary
Donald Evan McLay Chairman
Matthew Angell Chief Operating Officer
Michael Eadie Chief Financial Officer & Co-Secretary
Richard Thomas Independent Non-Executive Director
Sector and Competitors