Center for Global Development - cgdev.org · South African UEPS CardholdersSouth African UEPS...
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Transcript of Center for Global Development - cgdev.org · South African UEPS CardholdersSouth African UEPS...
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Safe Harbor StatementSafe Harbor StatementSafe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements so long as such information is identified as forward-looking and is accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in the information.
The use of words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “intend”, “future”, “potential” or “continue”, and other similar expressions are intended to identify forward-looking statements.
All of these forward-looking statements are based on estimates and assumptions by ourmanagement that, although we believe to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements.
These risks and uncertainties may include those discussed in the Company’s annual report on Form 10-K for the year ended June 30, 2005 on file with the Securities and Exchange Commission, and other factors which may not be known to us. Any forward-looking statement speaks only as of its date. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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Our MissionOur MissionOur Mission
Provide
a secure and affordable
electronic transaction platform
as well as financial services for
the world’s unbanked and under-banked
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Traditional Systems Do Not Meet the Needs of the UnbankedTraditional Systems Do Not Meet the Needs of the UnbankedTraditional Systems Do Not Meet the Needs of the Unbanked
Limited purchasing
power
Littleimmediate
value
Lackof
choice
Mustusecash
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Our SolutionOur SolutionOur Solution
Banked
Cashless
Low Cost
Offline
Reliable
Secure
Multiple Products
Competitive services
Choice
Peace of mind
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UEPS PlatformUEPS PlatformUEPS Platform
Works offline
Enroll
Load
Spend
Settle
Biometric authentication
Robust data
Recoverable
Multiple applications
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Multiple ProductsMultiple ProductsMultiple Products
Payment Applications:
Spending 3rd-party payments
Debit orders
Services:Lending, Insurance,
Savings,Money Transfers
Systems:Welfare, Wage,
Medical,Voting
Extended Applications:
Loyalty, Marketing,Identification, Public Records
UtilityServices:
Pre-paid Electricity,Water, Telephone,
Transportation
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South African UEPS CardholdersSouth African UEPS CardholdersSouth African UEPS Cardholders3.6 MM Cardholders
Grants, in thousands, paid in the three months ending March 31, 2006
Eastern Cape
KwaZulu-Natal
Limpopo
Northern Cape
North West
8014,607
2,832
2,089
402
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UEPS Adoption at the Point of SaleUEPS Adoption at the Point of SaleUEPS Adoption at the Point of Sale
Card Holder Transactions: Merchant Loads Each Calendar Month
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06
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Namibia and BotswanaNamibia and BotswanaNamibia and Botswana
New entry pointBanking
Potential to demonstrate full platform
Financial servicesWage paymentMoney transferGovernment welfareSocial securityHealthcare services
Namibia
Botswana
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Healthcare: HIV / AIDSHealthcare: HIV / AIDSHealthcare: HIV / AIDS
Client
Pharmacy
Doctor
Hospital
ClinicOutreach
MainframeReporting
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Africa – Strong FocusAfrica Africa –– Strong FocusStrong Focus
Namibia(pop. 2MM)
Tanzania(pop. 37MM)
Kenya(pop. 34MM)
Nigeria(pop. 129MM)
Botswana(pop. 1.6MM)
Zambia(pop. 11MM)
South Africa(pop. 44MM)
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Program EvaluationProgram EvaluationProgram Evaluation
Evaluation
Government
Donor / NGO
IndividualsAssistance
Information
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Financial CharacteristicsFinancial CharacteristicsFinancial Characteristics
Low capital costs
Low operating costs
Broad channel for additional products
Supports micro-enterprise
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Strong RevenueStrong RevenueStrong Revenue
Revenue
51.8
74.9
131.1
176.3
134.9147.9
0
50
100
150
200
FY2002 FY2003 FY2004 FY2005 9 Mo. FY2005 9 Mo. FY2006
($MM)
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Strong Net IncomeStrong Net IncomeStrong Net Income
Earnings Growth
8.513.1 13.3
44.634.4
43.7
0.0
10.0
20.0
30.0
40.0
50.0
FY2002 FY2003 FY2004 FY2005 9 Mo.FY2005
9 Mo.FY2006
($MM)
Earnings to shareholders Reorganization costs
DilutedEPS ($US) 0.27 0.37 0.38 0.80 0.62 0.76
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