Spenda Limited

Thank you for joining us today for our quarterly results presentation. Firstly, I'd like to take the opportunity to apologise for taking some time to communicate with you all. I know there has been a number of unaddressed questions. I've seen some of the communications coming through, but I'm hoping today that I'll be able to answer all of those questions for you. It's taken me a few weeks to really get a firm handle on the business. I need to ensure that we can very quickly focus only on the correct initiatives that we're really going to drive the business forward to scale and grow. I'm confident that we know what those things are now and I'll be sharing those things with you today. A little bit about me. I'm Corrie Hassan. I've been in the finance industry now for well over 30 years, and my skill sets are really around execution, risk management, and operational discipline. I feel that those skill sets are a really good fit for where Spender currently is. We've got a very strong leadership team and I'm very excited to step into this role along with my team to drive this business forward together. So in today's session, I will talk through the quarterly results. I'll talk to what my focus is going to be and how that focus will translate to results. And then I'll finish up by working through some of the questions that you sent in for me. Okay, so moving through to the quarterly results. So as you can see, we've consistently grown our payments volume year on year. So far for the first quarter, we've landed 200 mil for the first quarter, which really is almost half of the entire of last year. So we are seeing that continued growth, mainly within our payments platform, but also there's additional growth coming through via our APG partnership. We do expect this trend to continue across the next financial year, as we'll be acquiring new customers in this space. And cash receipts, not so high number for our first quarter. We've seen a reduction as our long-tail projects have concluded. So what we will now start to see is a continued growth in annual reoccurring income, which is driven by those technology pieces that we've now finished. Cost management, this is a really big area of focus for me. I'm a little bit of a micromanager when it comes to this. We are, I guess, right-sizing the business at the moment without impacting our ability to deliver. So far, we've already reduced our cost base by 185K per month recently, and we plan to really continue to reduce that as we move forward. So focusing on what I think is our pathway to success, I guess I'll just recap in terms of what we are doing and what our key strengths are as a business. Our solution, as you know, is an end-to-end digital workflow, enabling us to then seamlessly pass data into those small business systems. and injecting flexible finance options throughout that supply chain.

That hasn't changed. This is what we will continue to do. In terms of why we're different, we do have a holistic platform.

We can include SaaS payments and lending income into the mix, which I think is a very powerful mix of income in terms of making our customers sticky and being able to scale quite quickly. We have a one-to-all strategy, so dealing with a franchise to many franchisees or a big corporate to many customers. That strategy enables a quick scale-up, which we'll continue to do this year. Spender pay, that's our product, which is bridging the gap between our buyers and sellers and embedding finance all the way through.