Findi (FND) Guidance summary

Opening remarks and agenda

• FY25 guidance and market update presented, including forward-looking statements and investment risk disclosures.

• Nicholas Smedley appointed Executive Chairman for a three-year term starting April 2024.

• Annual General Meeting for FY24 scheduled for 15 August 2024.

Guidance on key objectives

• FY25 revenue guidance set at $80-90 million and EBITDA at $30-35 million, reflecting growth over FY24.

• Strategic focus on expanding FindiPay into six new Indian States, targeting over 60,000 merchants by March 2025 and acquiring 3,000+ merchants monthly.

• Planned rollout of 4,000 White Label ATMs (WLAs) by March 2025.

• Appointment of new C-Suite personnel and implementation of a new SAP ERP system.

• No NPAT guidance due to growth investments and acquisition impacts.

Market trends and strategic opportunities

• India’s digital payments market projected to reach INR 518 trillion ($9.4tn) by FY27, with a 32.9% CAGR.

• Cash remains significant, with 12% of GDP in cash payments and 350 million unbanked adults.

• ATM penetration in India is low compared to developed markets, presenting growth potential.

• Ongoing consolidation in the Indian ATM market offers further expansion opportunities.

• Expansion opportunities fully funded, with focus on India's underbanked market.