Good post @jodaA touch of reality - what impact has covid19 had...

Good post @joda

A touch of reality - what impact has covid19 had on Humm ?

Discussion :See also table below.

The cards division - all travel ,& discretionary spend has been hit hard. Total group revenue was down by $35m - BNPL & leasing both actually showed growth - whilst however Cards Aust was down $24m and NZ $11m.

Transaction Volume was far far away from normalised operations by some $320m - (compared to 2018 volumes).

For the first time some indication has been given on the amount that travel restrictions have impacted volumes - in 2020 $163m was spent on travel related expenditure by AU cards customers. ( see results presentation Cards slide 21 bar graph volumes split).
In 2021 - that virtually disappeared overnight.

If you believe in the opening trade - 80% double dose freedom - consumers have a war chest of pent up demand - ready to spend.- according to the Fin Review weekend 4-5 Sept 2021 p3 - the war chest is approaching $200 billion.

Travel & discretionary spend will come back Humms way- Flight centre, Qantas , Corporate Travel, Web jet share prices are all up in anticipation.

Humm has 2700 customers ready to spend $ using both Humm cards and BNPL products.

And do not forget that flight centre deal Humm has dated 4 Feb 2020 - just before covid hit:

“FlexiGroup said in a statement that the dealwill drive repeat business to Flight Centre and is expected to result in adouble-digit increase in total income for the company over the life of thepartnership”.

https://www.travelweekly.com.au/article/flight-centre-inks-new-four-year-deal-with-finance-provider/

cheers

	HUMM - Covid analysis on AU Cards	FY18	FY19	FY20*	FY21**	FY21-FY20	FY21-FY18
1		$M	$M	$M	$M	$M	$M
2	Group Revenue	458	473	478	443	-35	-15
3
4	Volume - Australian Cards	740	811	597	417	-180	-323
5	- Travel volume			163	0	-163	0
6	- Every day spend	740	811	434	417	-17	-323
7
8	Revenue	88	104	115	91	-24	-53
9	% of volume	12%	13%	19%	22%	16%
10						@averge %
11	** FY21 Covid Impact full year
12	* 4th qtr FY20 Covid commenced