$5 Party, page-945

ASX Announcement
13 August 2020

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02266204-1J605E09H3VIPMCG0860JE5AEO/pdf?access_token=PNrzeYd7QWWsjtzG5C81MxybTPOQ

Openpay appoints new CFO, reports record TTV and strong growth across leading
indicators for July 2020
Key highlights
• Openpay appoints Jussi Nunes as Chief Financial Officer effective 7 September 2020, replacing
outgoing CFO, Andrew Burns
• Record growth in July 2020 across leading indicators:
o Active Plans up 235% - new record - relative to pcp1;
o Active Customers up 145% - new record - relative to pcp; and
o Active Merchants up 48% relative to pcp.
• Total Transaction Value (TTV) in July 2020 was $24.0m, up 114% vs pcp, making it the best month
in Openpay’s history; revenue was $2.1m, vs $1.2m in July 2019, an increase of 73%
• In July, Australian in-store business increased (73% of TTV), particularly in Automotive and
Healthcare, whilst online continued to grow strongly (27% of TTV)
• Net Bad Debts in July as a percentage of TTV further decreased to 1.54%, down from 2.89% in Q4
FY20
• Notable merchant wins achieved across all industries, including the recently soft launched
Membership and Education verticals
• In August, Openpay entered an exclusive partnership with leading sports, leisure and hospitality
SaaS technology provider MSL Solutions Limited (ASX: MSL)
• Integration of Openpay for Business with Woolworths well progressed to deliver revenues in 1H
FY21