Zip Co Ltd (ASX:ZIP)
A$ 1.605 0.03 (1.9%) Market Cap: 1.81 Bil Enterprise Value: 4.23 Bil PE Ratio: 0 PB Ratio: 3.72 GF Score: 74/100

Half Year 2019 Zip Co Ltd Earnings Call Transcript

Feb 21, 2019 / 02:00AM GMT
Release Date Price: A$1.39 (+7.75%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the half year results presentation.

(Operator Instructions) I must advise you that this conference is being recorded today, Thursday, the 21st of February 2019.

And now I hand the conference over to your first speaker today, Mr. Larry Diamond.

Thank you. Please go ahead.

Larry Diamond
Zip Co Limited - CEO, MD & Executive Director

Thank you. And welcome to Zip Co Limited's results call for the first half 2019.

With me today is Peter Gray, Chief Operating Officer and Cofounder of Zip; and Martin Brooke, our Chief Financial Officer.

So let's get straight into it.

Just a quick refresh on Zip. So Zip was founded 5 years ago to disrupt the unfriendly credit card model. And at the time, we really saw a world where customers were being trapped in cycles of high revolving debt with high back-end interest rates and low repayments, so we saw a great opportunity to disrupt the credit card model by providing a better, fairer and digital alternative

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