ASX ANNOUNCEMENT
23 May 2013
THINKSMART REAFFIRMS 2013 PROFIT GUIDANCE
Expected profit of around $0.5m for the six months to 30 June 2013, up by $2 million
on the corresponding prior year period
Continued strong trajectory from the UK business and good progress from new
payment plan product, Fido
ThinkSmart reaffirms guidance for a full year profit in 2013
ThinkSmart Limited (ASX: TSM), a leading provider of point of sale financing solutions in
Australia and the UK, expects to report a net profit after tax of around $0.5m for the six
months to 30 June 2013. This result would represent an improvement of around $2m from
the corresponding prior year period.
In the Chairman’s Address at today’s AGM, ThinkSmart Executive Chairman and CEO, Ned
Montarello said: “The business is performing in line with our expectations with growth in
both new business volumes and bottom line earnings. We will continue to build on this
momentum through 2013 and 2014.”
Mr Montarello reported that the UK business achieved a record set of results in 2012 and is
expected to deliver further growth in 2013. “The UK business is continuing its strong growth
trajectory into 2013 with both volumes and profit building well; the short and long-term
prospects in the UK business remain very positive,” he said.
Good progress continues to be made with ThinkSmart’s payment plan product, Fido, with
volumes building steadily and in line with expectations. Mr Montarello also pointed to soft
volumes from the RentSmart product in Australia but expected an improvement as a result
of additional marketing activity.
“Our business has greater diversification in product and funding than at any point in its
history, and we are well positioned to deliver growth in 2013 and beyond,” Mr Montarello
said.
ThinkSmart reaffirms its guidance for the full 2013 year of significant double digit growth in
new business volumes and for a return to full year profit.
END
For further information please refer to the Chairman’s Address on the Company’s website
www.thinksmartworld.com or as released to the Australian Securities Exchange.
ThinkSmart Limited
ABN 24 092 319 698
Head Office
Level 1, 1260 Hay Street
West Perth, 6005
WESTERN AUSTRALIA
P +61 8 9463 7500
F +61 8 9463 7555
European Head Office
7th Floor, Oakland House
Talbot Road, Old Trafford
Manchester, M16 0PQ
UNITED KINGDOM
P +44 161 333 2400
F +44 161 333 2426
www.thinksmartworld.com
Further information:
www.thinksmartworld.com
Ned Montarello, Executive Chairman & CEO
+61 (0)8 9463 7407
Alistair Stevens, Group CFO & Company Secretary
+61 (0)8 9463 7449
Media Contact
Michael Mullane
Cannings Corporate Communications
+ 61 (0)2 8284 9993
About ThinkSmart:
ThinkSmart is a leading provider of point of sale financing solutions in Australia and the UK. The business processes a
high volume of low value transactions, quickly and efficiently. ThinkSmart has a competitive advantage through its
patented QuickSmart technology which enables online credit approval in just a few minutes.
ThinkSmart’s suite of financing and rental products are sold under the RentSmart, Fido, SmartPlan and Infinity brands.
Products are available in retail stores, online and in multi-channel environments. The business has a strong presence
in the personal computer, office equipment and consumer electronics markets and is expanding into new product
categories, including interest-free payment plans.
ThinkSmart has partnerships with market leading retail groups including JB Hi-Fi, Officeworks, Dick Smith, Angus &
Coote and Dixons Group in the UK. ThinkSmart’s products are also available to hundreds of retailers through the
ThinkSmart Marketplace which provides a fast and efficient online product and payment service to affiliated retailers.