Investor Presentaiton
Our medium term objective for Client Funds Interest
CFI Revenue ($M)
600
562
543 540
545
493
420-
500
467
421
422 4301
3.6%
374 378 377
397
400
3.2%
2.8%
300
High Single
2.2%
2.2%
2.1%
200
1.8%
1.7% 1.7% 1.7%
1.9%
1.5% 1.4% Digit Growth
100
0
FY10 FY11 FY12
FY13 FY14 FY15 FY16 FY17 FY18 FY19
FY20 FY21 FY22
Medium Term
Client Funds Interest Revenue
-Average Yield
Pays Per Control
Wage Growth
Client Growth
Gradually Improving Yields
Our current expectation is for CFI Revenue growth to reaccelerate to high single-digits driven initially by balance growth but
eventually supported by improving average yield beginning FY24.
1. Guidance as of Q1 earnings report on October 27, 2021. This is not intended to be an update or reaffirmation of such guidance
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