Investor Presentaiton
Outlook
Interest rates & asset quality
Ability to pass through targeted
interest rate increases to maintain
9-10% net interest margin.
Funding costs managed with a
diversified funding panel of three
Big 4 banks and three mezzanine
funders with 76% of borrowings
hedged.
High quality diversified loan book
74% employed in either
professional, office or trades roles,
low arrears rate.
Medium term growth
Harmoney consumer-direct model
is taking market share from banks
in $143bn Australian market.
Working with Google to implement
leading Al technology to further
enhance customer experience,
lowering CAC and further reducing
cost to income ratio.
Harmoney targeting a 20% ROE
(Cash NPAT/Equity) run rate in
FY25.
FY24 outlook
1H24 Stellare 2.0 rollout
Focus on Stellare 2.0 rollout will
result in lower 1H24 Cash NPAT,
but set up for significant growth in
2H24 and future years.
2H24 Acceleration
Loan book is expected to grow in
1H24, then materially accelerate
from 2H24 after Stellare 2.0 is fully
rolled out across both countries.
H
HARMONEY ©2023
FY23 INVESTOR PRESENTATION
25 AUGUST 2023
26
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