Plenti Group Ltd (ASX:PLT)
A$ 0.73 0.035 (5.04%) Market Cap: 128.31 Mil Enterprise Value: 2.29 Bil PE Ratio: 0 PB Ratio: 6.29 GF Score: 45/100
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Half Year 2025 Plenti Group Ltd Earnings Call Transcript

Nov 19, 2024 / 10:00 PM GMT
Release Date Price: A$0.72 (-2.70%)

Key Points

Positve
  • Plenti Group Ltd (ASX:PLT) reported a significant 260% increase in cash impact, reaching AUD 5.5 million for the half-year.
  • The company achieved a 14% increase in its loan book, now totaling AUD 2.28 billion.
  • Plenti Group Ltd (ASX:PLT) has originated over AUD 5 billion in loans since its inception, marking a significant milestone.
  • The company reported strong credit outcomes with a realized loss rate of 1.1% and a reduction in arrears rates.
  • Plenti Group Ltd (ASX:PLT) has established strategic partnerships with major companies like NAB, Tesla, and Cadillac, enhancing its market position.
Negative
  • The company faces a highly competitive market, particularly in the automotive lending sector.
  • There is a noted increase in amortization, which could indicate consumers are using discretionary cash to repay debt rather than spend.
  • Plenti Group Ltd (ASX:PLT) anticipates only moderate volumes from its NAB partnership in the initial months.
  • The company is experiencing fluctuations in the tax line due to movements in hedging positions and available tax losses.
  • Despite strong results, the company acknowledges the need to accelerate originations to maintain loan book growth.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PLT.AX - Plenti Group Ltd
Half Year 2025 Plenti Group Ltd Earnings Call
Nov 19, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hadn't been Chief Executive Officer, and Miles jury, Chief Financial Officer.

The presentation will be followed by a question and answer session.

If you're an analyst broker or institutional investor and you wish to be added to the question queue, please press the raise hand button visible at the bottom of your screen.

I will now hand over to Adam Bennett, Chief Executive Officer of plenty.

Please go ahead.

Thanks, Tom, and good morning.

And let me start by saying I'm very pleased to be meeting you all for my first half year results as the CEO of plenty after the period ended 30 September 2020.

For having joined plenty just four months ago.

I'm delighted to
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