Annual Review 2016

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We make it possible

Every day, FlexiGroup connects people to the things they need for work and home.

Determined to be different, we deliver innovative and tailored financial solutions that support relationships of value and opportunity.

Introduction 1

Key Highlights 2

Business Snapshot 4

Chairman's Report 6

CEO's Report 7

Segment Results

AU Cards 11

AU Leasing 12

No Interest Ever (Certegy) 13

NZ Cards 14

NZ Leasing 15

Board of Directors 16

Executive Team 18

People and Community 20

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Introduction

About FlexiGroup

FlexiGroup is a diversified financial services group with products and services available through a network of over 20,000 merchant, retail and online partners within Australia, New Zealand and Ireland. We provide a range of innovative finance products and payment solutions for home, personal and commercial use.

Operating at the point a buyer and a seller connect, our financial services are used to refurbish a home, equip

a business, finance travel experiences, improve energy efficiency or to support general lifestyle, health and fitness activities.

Operations this year have seen the Group enter the New Zealand Cards market and significantly expand its New Zealand presence with the completion in March of the Fisher & Paykel Finance Holdings Limited (F&P Finance) acquisition. Additionally FlexiGroup announced in May that it was discontinuing the non-core business units of Blink, Think Office Technology (TOT) and Flexi Enterprise and is redeploying capital to businesses with the strongest competitive advantage and highest returns.

Leading into financial year 2017 the Group is more streamlined and better placed to leverage strong core businesses to drive profitable, organic growth.

About this report

The 2016 Annual Review is a summary of FlexiGroup's operational and financial performance for the financial year ended 30 June 2016. See the 2016 Annual Report for full financial details.

In this report unless otherwise stated references to 'FlexiGroup', 'the Group', 'we', 'us' and 'our' refer to FlexiGroup Limited, listed on the ASX as FXL.

All dollar figures are expressed in Australian dollars unless otherwise stated and Ireland results are incorporated within the AU Leasing segment.

Unless otherwise stated references to 'Receivables' refers to Closing Receivables. References to 'Cash NPAT' relate to cash net profit after tax and excludes

amortisation of acquired intangibles $3.7m (FY15: $3m), deal acquisition costs $5.6m (FY15: $1.9m), impairment of TOT goodwill $8.5m, fixed assets written off $12.3m and additional receivables provisioning $16.7m. FY15 also excludes one-off residual value loss in Enterprise business of $2.5m. Further detail is available in Note

3 Segment Information on page 55 of the 2016 Annual Report.

FLEXIGROUP ANNUAL REVIEW 2016 1

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Key Highlights

$97m

Cash NPAT

Cash NPAT $97m, solid growth of 8% in line with expectation. Reported statutory NPAT of $50.2m

19%

Volume

Volume growth of 19% to $1,350m

47%

Receivables

Receivables growth of 47% to $2,094

($2.8m)

$11.7m(2.9%)

12% FY16 $35.4m 36% $246m 18% $101m 7% FY16 $535m 40% $492m 23% $201m 10% FY16 $470m 22% $29.4m 30%

Cash NPAT

$97.0m

$136m 10%

Volume

$1,350m

Receivables

$2,094m

$311m 15% $9.3m 10% $14.0m 14% $332m 25% $620m 30%

2 HIGHLIGHTS

No Interest Ever AU Cards

NZ Cards AU Leasing

NZ Leasing

Net corporate debt costs

Flexigroup Limited published this content on 20 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 October 2016 00:18:04 UTC.

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