Clearpay Full Year Results to 30 June 2020

Clearpay Full Year Results to 30 June 2020

PR Newswire

LONDON, Aug. 27, 2020

(all currency figures are in Australian dollars unless otherwise stated)

LONDON, Aug. 27, 2020 /PRNewswire/ -- Afterpay Limited (Afterpay) (ASX: APT) is pleased to release its results for the full year ended 30 June 2020 (FY20).

 

OVERVIEW

 

GLOBAL (A$)

FY20

FY19

CHANGE

Afterpay Underlying Sales

11.1b

5.2b

112%

Afterpay Active Customers1

9.9m

4.6m

116%

Afterpay Active Merchants1

55.4k

32.3k

72%

Afterpay Gross Loss2 

as % of Underlying Sales

0.9%

1.1%

24%
improvement

Group Total Income3

519.2m

264.1m

97%

Afterpay Total Income

502.7m

247.0m

103%

Afterpay Net Transaction Loss

(42.8)m

(22.2)m

93%

Afterpay Net Transaction Loss

as % of Underlying Sales

(0.4%)

(0.4%)

~

Afterpay Net Transaction Margin

250.2m

119.3m

110%

Afterpay Net Transaction Margin

as % of Underlying Sales

2.3%

2.3%

~

EBITDA (excluding Significant Items)4

44.4m

25.7m

73%

Pro Forma Total Cash5

1,377.3m

233.5m

490%

Pro Forma Liquidity & Growth Capacity6

2,039.9m

1,178.4m

73%

 

FY20 Key Operating Highlights

FY21  Performance Update

FY20 Key Financial Performance

 

REGIONAL PERFORMANCE

 

GLOBAL

FY20

FY19

VARIANCE

Underlying Sales (A$)

11.1b

5.2b

112%

ANZ

6.6b

4.3b

52%

US

4.0b

0.9b

330%

UK

0.6b

0.0b

na

Active Customers

9.9m

4.6m

116%

ANZ

3.3m

2.8m

18%

US

5.6m

1.8m

219%

UK

1.0m

0.0m

na

Active Merchants

55.4k

32.3k

72%

ANZ

42.8k

28.4k

51%

US

11.5k

3.8k

202%

UK

1.1k

0.0k

na

 

ANZ

US + Canada

UK + Europe

INNOVATION

DOING THE RIGHT THING

Regulation

People

Board

Authorised by
Anthony Eisen
CEO & Managing Director


1 Active defined as having transacted at least once in the last 12 months.
2 Gross Loss defined as Afterpay receivables impairment expense.
3 Group Total Income includes Afterpay Income, Other Income and Pay Now Revenue.
4 EBITDA (excluding Significant Items) excludes foreign currency gains, share-based payment expenses, net loss on financial liabilities at fair value, share of loss of associate and one-off items.
5 Pro Forma Total Cash includes Cash and Restricted Cash, plus net proceeds from July 2020 capital raising.
6 Pro Forma Liquidity and Growth Capacity includes net proceeds from the July 2020 capital raising. Liquidity includes Cash and undrawn borrowing capacity in the debt facilities as at 30 June 2020. Growth Capacity reflects the difference between the total debt facility limit and the drawn and undrawn capacity in the warehouse facilities.
7 Pro forma for the net cash proceeds from the July 2020 capital raising.
8 Group Total Income includes Afterpay Income, Other Income and Pay Now Revenue
9 Group Net Transaction Margin is equal to Afterpay Net Transaction Margin and Pay Now Gross Margin
10 eCommerce Europe, https://www.ecommerce-europe.eu/research/figures-per-country/
11 Group average for FY20
12 Independent study commissioned undertaken by AlphaBeta, Accenture and Ipsos in August 2020.

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