A benefit of the EML Salary Packaging Card is access to a wide range of discounts and vouchers via the EML Benefits Program. Digital/Virtual cards can be purchased for instant delivery to recipient. Product Disclosure Statement. This Communication is being distributed in the United Kingdom and is directed only at (i) persons having professional experience in matters relating to investments, i.e. Save on groceries, retail shopping, dining, accommodation, cinema tickets, health, beauty and more. EML Payments Limited (EML) Company Financials. benefit in clinical trials should be put into broader context by the Cancer Medicines Working Group. The main driver of upside is the GPR division, which has performed better than we expected. Gaming disbursements – ended December on an annualised GDV run rate of A$1bn. We never take payment in stock, options or warrants for any of our services. As such, it should not be relied upon in making an investment decision. US$5m investment for an 11% stake in The Hydrogen Technology Corporation (Hydrogen). EML’s NPATA measure adjusts profit after tax to exclude acquisition-related items, such as amortisation of acquired intangibles and changes in fair value of contingent consideration. Use this form if you wish to set up salary packaging for benefits under your . Accuracy of content: All information used in the publication of this report has been compiled from publicly available sources that are believed to be reliable, however we do not guarantee the accuracy or completeness of this report and have not sought for this information to be independently verified. Employee Benefits Application Form. You can also download our customer brochure here. potentially to use as a route to sell each other’s products. investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO") (ii) high net-worth companies, unincorporated associations or other bodies within the meaning of Article 49 of the FPO and (iii) persons to whom it is otherwise lawful to distribute it. Integration with adjacent technologies: to add additional functionality that the company does not necessarily want to develop itself. On a divisional basis, we have increased our GDV forecasts and gross margin assumptions for GPR and VANs; for G&I we have slightly increased our yield and gross margin assumptions but have left GDV unchanged. Mobile friendly, web-based, balance and transaction history platform. The company noted that GDV for January 2021 was down 50% y-o-y in the US and Canada, down 70% in the UK and down 54% in Europe. Discover your Employee Benefits. Copyright: Copyright 2021 Edison Investment Research Limited (Edison). It has now reinstated it for FY21: We have revised our forecasts to reflect H121 results and the new guidance. Cash increased by A$18.1m: underlying operating cash flow of A$35.1m was offset by A$9.8m in FinLab investments, $4.8m in capitalised development costs and A$2.9 in tax and interest payments. Items. Activate Or Check Your Card Balance. Gain access to our in-house multilingual customer support staff. At the same time, management expects to invest more this year to manage and drive increased levels of activity. To remain at the forefront of innovation, the group plans to focus its investment in four areas: In-house development of product and infrastructure: to make it easy for customers to use EML’s solutions. Edison Investment Research is authorised and regulated by the Financial Conduct Authority. EML Payments reported robust H121 results, with revenue growth of 61% and NPATA growth of 30% y-o-y. The partnership we provide our customers gives them the confidence that their facility will operate effectively, efficiently and provide their customers with world-class ⦠Revenue £86.2m. RegisterLog In. The table below summarises the changes to our estimates. Some more of the Frequent Values features: Enjoy 20% off your total bill, up to a maximum deduction of $25, dine at over 1,900 participating restaurants just by presenting your Frequent Values⢠Card. The securities described in the report may not be eligible for sale in all jurisdictions or to certain categories of investors. Benefits Card Product Disclosure Statement Part 1 â General Information Part 2 â Terms and Conditions Version: 4 (effective as at 24th April 2017) ... EML Payment Solutions Limited ABN 131 436 532, AFSL 404131 (EML) is the holder of Australian Financial VANs – gross margin boost from higher volumes. It is not intended that this document be distributed or passed on, directly or indirectly, to any other class of persons and in any event and under no circumstances should persons of any other description rely on or act upon the contents of this document. EMLâs mobile calibration laboratories are environmentally controlled and fully equipped with the same state-of-the-art equipment you will find at our main laboratory. Edison AU is a Corporate Authorised Representative (1252501) of Crown Wealth Group Pty Ltd who holds an Australian Financial Services Licence (Number: 494274). It is forecast to grow EPS at a faster rate than both groups over the next two years. PFS saw strong demand for its solutions, with digital banking and government programmes a particular area of strength. The Christmas shopping season is crucial for mall operators – with malls closed it was difficult for consumers to buy mall gift cards and they would have been less keen to buy them as gifts if they could not be spent. Use our technology to provide instant issuance of physical and virtual cards, to allow fund on redemption promotions in any mix of merchants and any date/time range. Do anything else on EMLâs behalf, other than marketing, arranging for the issue of and providing customer services for the Card. Incentives and rewards are no longer one size fits all. This research is issued in Australia by Edison AU and any access to it, is intended only for "wholesale clients" within the meaning of the Corporations Act 2001 of Australia. Summary Statement We request that Aqueous Hypochlorous Acid (HOCl) be added to the core Essential Medicines List to address priority conditions in Categories 15.1 and 15.2 (Disinfectant and Antiseptic products), and Category 13 (Wound Care). In-house development of product and infrastructure: to make it easy for customers to use EML’s solutions. the company has set up FinLabs to invest in minority stakes in companies with interesting and relevant technology. Already providing similar or more than the benefits required under RA 11210 and its IRR pursuant to: Collective bargaining agreement (CBA) Company practice Company policy IV. Management expects volumes to start to improve as lockdowns are relaxed (most likely from April), helped by vaccine roll-outs around the world. EML Payments Limited's earnings per share (EPS) grew 31% per year over the last three years. Gain insight into the success of your programs with real-time reporting. Unlock your programâs potential with remote and in-house training covering everything from reconciliation to merchant set up and test transactions. Explore the latest in innovation, training, tools, resources and research from the Mutual Benefits Program below. You can now have the confidence and convenience of NIST traceable calibration services at your facility with no sacrifice in quality. If our advice relates to the acquisition, or possible acquisition, of a particular financial product you should read any relevant Product Disclosure Statement or like instrument. EML has already made its first two FinLabs investments: US$2m investment for a 10% stake in Interchecks, a US-based disbursement tool for non-card payments. Everything users love in their most prized possession â their phone. EML Payments. In the last year, its revenue is up 24%. For the purpose of the FAA, the content of this report is of a general nature, is intended as a source of general information only and is not intended to constitute a recommendation or opinion in relation to acquiring or disposing (including refraining from acquiring or disposing) of securities. No personalised advice: The information that we provide should not be construed in any manner whatsoever as, personalised advice. The divisional yield increased by 23bp y-o-y, as the higher yielding PFS business made up a greater proportion of divisional GDV. The Christmas shopping season is crucial for mall operators – with malls closed it was difficult for consumers to buy mall gift cards and they would have been less keen to buy them as gifts if they could not be spent. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information. Gross margin declined y-o-y, reflecting the higher costs of the PFS business, which uses third party payment processors. Opinions contained in this report represent those of the research department of Edison at the time of publication. Read detailed company information including earnings, capital structure, cashflow & historical financials. 5. Leverage in-app data to send the most relevant rewards, rebates, points, discounts or store credit to your most valuable users. Enter Card No/External ID. This Communication is being supplied to you solely for your information and may not be reproduced by, further distributed to or published in whole or in part by, any other person. For example, creating a single point of integration for customers to access EML’s operations in different countries or developing a tokenisation solution for Visa cards so that EML can support the customer’s choice of card network. Enterprise Value £250.3m. Corporate Order portal allows companies to self serve and order their own cards, with cards only available once funds have cleared. As part of the Project Accelerator strategy to position the company at the forefront of payment-related technology, EML made its first two investments via its FinLabs incubator. It has since increased to 286,000 accounts with the target to hit 300,000 by the end of FY21. We have performed a discounted cash flow analysis to estimate the growth rates and margin assumptions factored into the current share price after the explicit forecast period. In addition, the Shareholders would be ⦠1. Most of our mall programs do not carry the Mastercard logo but instead look and feel like any other retailer gift card â meaning the entire card front is yours to design and brand. Industry leading Wedding list and gift list platforms. Fees are paid upfront in cash without recourse. Security Code (CCV/CVC2)Card Activation CodeActivation/Security Code. 4794244. Overall, divisional revenue increased 314% year-on-year. The new indication is for the treatment of Polycystic Ovary Syndrome (PCOS) in women. Revenue increased by 42% y-o-y. Edison Investment Research standard fees are £49,500 pa for the production and broad dissemination of a detailed note (Outlook) following by regular (typically quarterly) update notes. 1. Items. Gain access to our in-house multilingual staff trained to handle all manner of cardholder, merchant and mall needs. Income Available to Common Excl. Gift: as shopping malls went into various stages of lockdown from early to mid-December, H121 GDV was down 19% y-o-y (down 18% in North America, down 20% in the UK/Europe). Management has reinstated guidance for FY21 and we have upgraded our forecasts to reflect the more positive outlook. Net Income Before Extra. Revenue from this segment increased by 60% y-o-y. Having OS benefit of 4-6 months as the main criterion for inclusion on the EML will potentially leave out many therapies with important clinical value for patients. The Directors present their report together with the financial report of Employers Mutual Limited (EML) (âthe Companyâ) and the consolidated financial report of the Group, being the Company and its controlled entities, for the year ended 30 June 2018 and the independent auditorâs report thereon. In H1, reflecting the shift from physical to digital solutions, it ran 150 digital PAYS gift card programmes. Management noted that it closed H121 with an annualised GDV of $9.8bn (+20% y-o-y). Our platform allows you to leverage a reward program that's flexible and adaptable with your business now and into the future. UNDERTAKING I, (name of owner or authorized representative), declare that the statements ⦠EML trades at a premium to prepaid card companies, justified in our view because of its growth potential. General Purpose Reloadable (GPR) – strong organic growth. We have reflected the increased estimate for PFS contingent consideration and added the two FinLabs acquisitions. Edison Group does not conduct any investment business and, accordingly, does not itself hold any positions in the securities mentioned in this report. In H121, EML reported GDV growth of 54% y-o-y, revenue growth of 61%, EBITDA growth of 42% and NPATA growth of 30%. The company expects to recognise breakage revenue of A$3.8m in H221, down from A$6.8m in H220, reflecting the lower level of gift card sales in the run up to Christmas. Get access to rich data on customer usage behavior and retail sales, as well as numerous other reports on our web based, real time reporting suite. Generate incremental sales and profit by attracting and retaining. EML Payments Income Statement. The division saw GDV growth of 232% y-o-y, as PFS (acquired on 1 April 2020) was included for the full six months for the first time. We note that breakage made up 16% of group revenue, down from 26% a year ago. PFS contributed revenue of A$38.0m and EML $16.4m (+25% y-o-y). However, the respective directors, officers, employees and contractors of Edison may have a position in any or related securities mentioned in this report, subject to Edison's policies on personal dealing and conflicts of interest. The distribution of this document is not a “personalised service” and, to the extent that it contains any financial advice, is intended only as a “class service” provided by Edison within the meaning of the FAA (i.e. EMLâs NPATA measure adjusts profit after tax to exclude acquisition-related items, such as amortisation of acquired intangibles and changes in fair value of contingent consideration. Partnering with disruptive fintechs: potentially to use as a route to sell each other’s products. A marketing communication under FCA Rules, this document has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. We work closely with our customers to develop a customised gift card solution that works across all of their locations and participating merchants. Date Posted: January 7, 2016 Close to a thousand active members and pensioners who are either residing or working in typhoon- and flashflood-hit municipalities of Lapuyan in Zamboanga del Sur and Gen. Nakar in Quezon will benefit from the emergency loan that state pension fund Government Service Insurance System recently approved for release. VAT no. The GPR division, which now makes up 57% of group revenue, saw strong organic growth in H1, compensating for the lower volumes experienced in the malls segment of the G&I division. HOCl has emerged in the current pandemic as the most potent and environmentally safe Overall, divisional GDV declined 11% y-o-y and the yield reduced by 12bp to 467bp, resulting in a y-o-y revenue decline of 13%. The company expects to recognise breakage revenue of A$3.8m in H221, down from A$6.8m in H220, reflecting the lower level of gift card sales in the run up to Christmas. While COVID-19 has ⦠The two parts of this division performed in very different ways. On an EV/EBITDA and P/E basis, EML trades at a discount to payment processors, in our view reflecting their scale and profitability compared to EML. this business saw GDV growth of 11% y-o-y in H121 (North America +13%, Australia +15%, UK/Europe +8%). The statement must also include pensions, collective agreements, notice periods, grievance procedures and period of employments. Investment in securities mentioned: Edison has a restrictive policy relating to personal dealing and conflicts of interest. Sell beyond the store, increase program ROI, and open hard-to-access markets through our partner network of gift card distributors. Directors What does our mission statement âwe help people get their lives backâ mean to you and the role you perform? Exhibit 1: Divisional and group results, H121. The EML platform is perfectly designed to enable these types of solutions. Meal Entertainment covers your restaurant and bistro bills whenever you're dining out with others. As business in GPR was better than expected, considering COVID-19 disruption, the company decided to invest more in the business to support growth. All rights reserved. The group wants to benefit from working with companies looking to disrupt their own industries, using EML’s payments technology to help them do so. © 2021 EML Payments Europe Limited. Date Posted: January 30, 2020 The Government Service Insurance System (GSIS) has set aside over Php1.4 billion in emergency loan for its 70,561 active members and old-age and disability pensioners in six Luzon areas that were affected by typhoon Tisoy. Our platform uses the latest technology to give you the choice of using either plastic or virtual cards. Gift cards for regional malls and premium outlets. EML Payments is a specialist payment solutions provider with a focus on the prepaid market. In H121, EML reported GDV growth of 54% y-o-y, revenue growth of 61%, EBITDA growth of 42% and NPATA growth of 30%. SIGNIFICANT BENEFITS TO CARDHOLDERS The significant benefits of the Card are as follows: The Card can be issued to your Employees who can then undertake transactions using the Card; We remain conservatively at the lower end of the guidance range, while upgrading FY21 revenue by 5.0%, EBITDA by 3.3% and NPATA by 9.1%. Presenting to our Board on Member Benefits and my nomination for the recognisingyou awards. The company estimates this will generate cost savings of c £480k in FY22. Save up to 50% off the rack rate or 10% off the best promotional rate at leading hotels, motels and resorts. This division saw steady progress in H121: GDV growth of 6% and a flat yield of 13bp resulted in revenue growth of 5%. US-based Hydrogen provides an embedded finance and international payments platform.
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