Investor Presentaiton
Banking - Operational Highlights
Loan Originations
Revenue
Interest income on loans
Fair value gain/(loss) on loans
Gross Profit
Gross Profit margin as % of Revenue
Tyro Business Loan
FY21
$'000
FY20
$'000
GROWTH
%
25,843
60,107
57.0%
3,222
1,818
77.2%
1,952
4,179
53.3%
1,270
(2,361)
153.8%
2,843
1,302
118.4%
88.2%
71.6%
16.6 points
Loan originations ($'million)
$11.1m
$60.1m
$52.2m
$25.8m
$25.2m
Lending loss ($'million)
2.7%
2.1%
1.8%
1.6%
1.0%
$0.5m
$0.4m
$0.2m
$1.1m
$0.7m
$25.8 million in loan originations (FY20: $60.1 million)
Auto approval suspended due to COVID 1 July 2020 to 31 Jan 2021 - $3.2 million in
originations in this period vs. $43.8 million pcp
Since January 2021 originations averaging ~$4 million per month
Record $8.1 million in originations in May 2021
Positive non-cash fair value adjustment $1.2 million - partial reversal of previous adjustment
as risks of COVID on loan balances diminished
Average loan size $35,500 (FY20: $32,200) | Average tenure 6.6 months (FY20: 5.7 months)
$15.4 million loans on the balance sheet at 30 June 2021 (FY20: $11.9 million)
2.7% lending loss to originations - equating to $0.7 million in lending loss 36.4% (FY20:
1.8%, $1.1 million)
Scaling our Banking products to our entire merchant base
•
•
All 39,696 of Tyro's merchants (excluding Bendigo Bank Alliance merchants) can now check
their eligibility for a loan through the Tyro app (compared to ~7,500 merchants in prior
periods)
A manual credit team review can be conducted if eligibility is not met through the
automated process to determine eligibility
First loan amounts increased from a maximum eligible loan amount of $50k to $100k
FY17
FY18
FY19
FY20
FY21
FY16
FY17
FY18
FY19
FY20
FY21
Impact of Covid on loan originations
$7.3m
$6.8m
$6.3m
°
$5.8m
°
$6.4m
$5.8m
$5.4m
Lending loss to originations
$8.1m
$7.3m
$7.4m
°
$5.1m
$6.5m
$1.8m
$1.0m
$0.7m
$0.6m
$0.2m
$0.4m
$0.4m
$0.6m
$0.3m
°
0
$0.8m
$0.4m
$0.4m
°
°
°
Jul
Aug Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr May
Jun
FY21
FY20
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