This church, Idlewild Baptist Church, is a 87-year-old church. It's a multi-generational church and also a multi-ethnic church. Idlewild is a great community church in that it just has a real heart for the community. COVID-19 at Idlewild certainly was a game changer. I remember when we first started to hear about it in the month of March last year, and it was one of those things where within one week's timeframe, everything had changed. Now, I knew that I was gonna be the local missions director, and I already had my 30, 60, 90-day plan for everything that I was gonna do. All those plans went out the window. Here I was, the church is closed. How are we gonna do local missions? I was like, "Lord, you brought me here at this time. What do I do now?" If you were a preschool teacher, you're not a preschool teacher for months and months and, you know, and months. If you were a parking person, you're not serving right now. How can you remain serving the Lord, growing in your service and being generous with your time if the building is closed? I like to think about technology and ministry as like an umpire of a baseball game. When he's doing his job, you don't know that he's there because it's not about him, but it's about the game, and it's about the players on the field. Technology is the same way. When it's working very well, then the church can focus on the mission, the mission of the gospel of Jesus Christ in discipling people. To that end, technology has been a key issue during this pandemic time. In one way, on the Get Help Give Help platform, I mean, that was a portal mechanism where we could match hundreds of people on one side that needed help with hundreds of people on the other side that God was calling them to give the help. Praise God for the platform Pushpay. Before pandemic, the percentage of people giving online was 40%. After the pandemic, 60% moved to online and recurring giving. At the beginning, the Give Help was like, ooh. Like, every day I check my inbox, and it's like growing, growing. It's like, "That's awesome. Our church is ready to respond. They're ready to go." Then the Get Help was like, boop, you know, small. Soon after that, the requests just to get help started coming in, like boom, boom, boom. Then it spread like wildfire in the community where we were getting several requests a day. We started with a purpose, and our purpose was we wanted to keep people connected to God, connected to one another, and connected to the lost world. This wonderful, precious verse, Romans 12:12, was the theme verse for it, and that is to rejoice in hope, be patient in affliction, and faithful in prayer. Because rejoice in hope is not a passive thing. It's not a, "Well, I hope things get better." No, it's a, "I know things will get better. When people ask me, "I want to give towards this. You know, I wanna help this mom to provide this for her kids," my recommendation is give to our benevolence, give through Pushpay. That just helps us so much as far as telling that mom, that family, "Hey, guess what? Somebody from our church, because they love the Lord, they want to bless you and your family. We're a church that loves the Lord and wants to show His love to you." That begins pretty incredible conversations and long-term relationships with the people that we're helping. Tena koutou, tena koutou, tena koutou katoa. To our associates, shareholders, and others in the U.S., that simply translates to greetings, greetings to you all. Welcome to Pushpay's virtual 2022 Annual Shareholders' Meeting. My name is Graham Shaw, and I Chair the Board of Pushpay. The video you just watched was prepared in collaboration with Idlewild Baptist Church, a Pushpay customer located in Florida, U.S. The confidence and support from churches like this demonstrate that Pushpay's engagement and payment solutions are well understood and valued by our main target market, the U.S. faith sector. Due to the ongoing COVID-19 situation, we decided to hold our 2022 annual meeting online. We appreciate your understanding and attendance online today. A recording of today's meeting will be available on the Pushpay investor website following the meeting. Shareholders joining us online are able to vote and ask questions through the webcast portal. We will provide more detail on this when we address the meeting procedures. Today, I'm in Colorado Springs, Colorado, in the U.S., and it is my pleasure to introduce your other board members who I am joined with here today stateside. Firstly, my other fellow Independent Directors, Lovina McMurchy, Lorraine Witten, and Sumita Pandit, along with Executive Director Chris Fowler and Non-Executive Director John Connolly, who is joining by webcast. Also in attendance today, we have members of our US and New Zealand-based management team who are joining us in person or by webcast. Firstly, Chief Executive Officer Molly Matthews, here with us in Colorado Springs. Interim Chief Financial Officer Richard Keys. Also present off-camera in the room today is Gabrielle Wilson, Head of Investor Relations, who will be reading your questions to the meeting. I would also like to acknowledge the representatives from our auditors, Deloitte, who are attending online today, as well as our associates across New Zealand and the U.S. who are also attending via webcast. I have been advised that there is a quorum present, and so I declare the meeting open. Notice of the meeting was duly given, and the meeting has been properly convened. We will turn to the resolutions later in the meeting. Please note that all dollar amounts referred to are in U.S. dollars unless stated otherwise. Before moving on to the formal business of the meeting, I will outline some meeting procedures. Voting on all resolutions will be conducted by way of poll. Shareholders will be able to cast their vote using the electronic voting card received when online registration is validated. Please refer to the Virtual Meeting online portal guide, or you can contact our support representatives at Link Market Services on 0800 200 220 from within New Zealand or dial +6499677751 if dialing from outside of New Zealand. To register to vote, please click on the Get a Voting Card box at the top of the webpage or below the videos and follow the prompts to complete your card. To ask a question, click on the Ask a Question box. An opportunity will be given for shareholders to ask questions about or make comment on the items of business on the agenda for today's meeting. I encourage shareholders who have questions to send these questions through as soon as possible. You will only be able to ask a question after you have registered to vote. Where appropriate, I will refer detailed questions best answered by management to Molly Matthews. Shareholders with questions relating to specific resolutions are requested to ask those questions when we are considering the relevant resolution. Turning now to the agenda for today's meeting. Following my chairman's address, I will hand over to Molly Matthews for the CEO's presentation, who will then open the meeting for shareholder questions arising from the presentation to be answered by appropriate members of the board and management. Following questions, I will then move to the formal resolutions of the meeting. Lastly, I will open the meeting to other business from shareholders before we close the meeting today. Firstly, I would like to take a moment to address the expressions of interest process. As previously announced on the 26th of April, 2022, Pushpay has received unsolicited, non-binding, and conditional expressions of interest or approaches from third parties looking to acquire the company. Pushpay has established a board committee consisting of all independent directors to consider these approaches and has appointed Goldman Sachs as financial advisor and Harmos Horton Lusk as legal advisor. The Board Committee is Chaired by Lorraine Witten. The company has also engaged additional external resources to ensure that management can remain focused on implementing the company's growth strategy. The committee, with the assistance of its advisors, is in a preliminary phase of a process to assess the approaches. As part of this, multiple interested parties have signed non-disclosure agreements, and the company has provided selected information to better inform those parties and to assist them to submit proposals for assessment by the committee. There is no certainty that this process will result in any transaction. The board is very mindful of its duty to act in the best interest of shareholders as a whole, with a view to enhancing shareholder value. Our mission and purpose remains constant: to be the leading provider of innovative engagement software to resource organizations to know, grow, and keep their communities, and to bring people together by strengthening community, connection, and belonging. Our market-leading proposition provides a valuable solution for our customers, their communities, and for Pushpay. Our suite of products has been proven to increase engagement and generosity and delivers a superior digital experience for our customers and their donors. It's been another exciting year for Pushpay, while not without challenges for our people, customers, and their communities, with the evolving conditions of the COVID-19 and macroeconomic environment. Pushpay software solutions enables communities to stay connected and engaged through digital means, which is now more important than ever. During the 2022 financial year, we made significant progress executing our strategic priorities as we continue to focus on growing our business in a sustainable and profitable manner, delivering value for our shareholders. We remain committed to supporting our customers and their communities while continuing to invest in our business and execute on our long-term strategy. In that regard, I want to highlight the 48% increase in spend on product design and development during the year. Molly will provide a review of the business activities in greater detail. However, there are a few highlights which I would like to acknowledge. Pushpay continued its positive growth performance throughout the year, welcoming new customers, increasing the number of products utilized by customers, and delivering solid financial results for the 2022 financial year. We delivered revenue growth, surpassing the $200 million revenue milestone for the first time, net profit growth, and delivered on our underlying EBITDAF guidance provided in November last year. We also generated strong positive operating cash flow of $61.5 million for financial year 2022. A key highlight during the year was the acquisition of the leading video streaming provider, Resi Media, in August 2021, which provides significant value and growth opportunities. Would like to extend another warm welcome to all of our new Resi colleagues based in Colorado and Texas. Bank debt obtained to fund the Resi Media acquisition reduced from $90 million- $54 million as at March 31st, 2022. In April 2021, we began our focused exploration of the Catholic market, making an initial investment of resources into and developing and enhancing the customer proposition for this segment of the market. This is something that I'm personally very excited by as it represents a significant milestone as we continue to execute on our strategy of being the preferred provider of mission-critical software to the US faith sector. We introduced our Catholic product, ParishStaq, and also delivered significant enhancements to the existing Pushpay product suite. In response to headwinds faced from the operating environment, we completed a review of our go-to-market strategy, and we were delighted to strengthen our leadership team with a number of strategic appointments, along with the appointment of two new U.S.-based directors. We were honored to receive a number of awards over the last year, including four awards in the 2022 Stevie Awards and ranking number five in the Deloitte New Zealand 2021 Master of Growth Index. Our success is testament to Pushpay's team's dedication and commitment to excellence, and we are extremely proud of our award-winning team. I'd now like to cover the updates to our board over the year. We were also pleased to welcome two new U.S.-based Directors to our Board in September 2021, Sumita Pandit as an Independent Director and John Connolly as a Non-Executive Director. Sumita is the Chief Operating Officer of dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of customers in emerging markets. Prior to joining dLocal, Sumita was a Managing Director and Global Head of Fintech Investment Banking for JP Morgan. She brings nearly two decades of experience in investment banking, advising companies across verticals in fintech, including payments, financial software, neobanks, and Insurtech. John is a senior advisor to Sixth Street, providing guidance to portfolio company CEOs and management teams on strategic and operational issues associated with growth. He brings a 30-year track record of innovation, vision, and execution in creating successful growth companies. John and Sumita are both standing for election by shareholders at this meeting, and will share a bit more about themselves when we come to the resolutions portion of the meeting. During the year, Bruce Gordon resigned as a Non-executive Director, effective 16th June 2021. We thank Bruce for his contribution to the board and support of Pushpay during his over 10-year tenure with the company. Attracting and retaining exceptional talent is critical to our success, and we made a deliberate decision to increase our investment in people, expanding our headcount and strengthening our leadership team during the 2022 financial year. Strategic leadership appointments included our Chief Operations Officer, Chief Growth Officer, VP of Marketing, VP of Product, and Interim Chief Financial Officer. The expanded leadership team plays a vital role in executing our strategy and delivering value for our customers and shareholders. On behalf of the board, I would like to acknowledge and thank Pushpay's team, who have continued to adapt and deliver high-quality solutions and service over the past year. I'm particularly pleased to provide you with an update on our environmental, social, and governance or ESG framework. Our initiatives are enabled by investment into three core focuses, commitment to our customers, caring for our people and communities, and future-proofing our business. These pillars also provide the framework for our ESG strategy as we look to have a positive impact for our customers, our people, our communities, and our shareholders. We are at the start of our reporting process this year and took initial steps in 2022 to identify the areas that are most important for our company and our stakeholders. This includes Pushpay's impact on the natural environment and the climate. We intend to report on our response to climate change in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures, and we look forward to sharing more on our efforts over the year. One of Pushpay's core values is people come first, and we believe that a diverse and inclusive culture is critical to our future success. Over the 2022 financial year, we delivered on our ongoing commitment to foster a diverse and inclusive workplace through a number of initiatives which Molly will talk about in more detail in her presentation. Today, more than 14,500 customers partner with us, and we are proud of the meaningful impact that our technology solutions have on people and communities across the globe. Our revenue has grown to over $200 million, and we expect strong revenue growth to continue into the future as we execute on our strategy. Pushpay has a clear strategic pathway focused on long-term drivers of growth, growing customer numbers, increasing the number of products utilized, expanding and enhancing Pushpay's suite of products, and increasing our share of wallet. Molly will talk to each of these in more detail shortly. We have an enormous market opportunity and strategy, people and products to achieve our goals. I'm confident about the future of this company as Pushpay continues to help customers and their communities stay connected through digital solutions, which in these times is more important than ever. After many years of building our business and with the recent expansion of Pushpay through two significant acquisitions, we are now focused on developing our business for the future and are investing in targeted strategic growth initiatives. We've made a conscious decision to continue to invest further in FY 2023, with escalating returns expected in FY 2024. Although uncertainties and impacts surrounding COVID-19 and the broader U.S. economic environment remain, we are confident we have a clear strategy and strong leadership in place to continue delivering value for our customers and our shareholders. Pushpay will continue to deliver top-line revenue and customer number growth in FY 2023 while investing into the business to drive growth opportunities and enable future scale. In particular, Pushpay is growing its talent pool and investing in resources and capability to drive the Catholic Resi Media and other growth initiatives. As stated at our 2022 annual results announcement, in 2023, we are expecting to deliver double-digit annual operating revenue growth of between 10% and 15% and underlying EBITDAF of between $56 million and $61 million, reflecting a decision of continued investment to capture these growth opportunities. Looking beyond 2023, we expect to see strong growth from 2024 onwards, with significant revenue growth and increasing profitability. As previously stated, for the year ending 31st March 2025, we are expecting greater than $10 billion of total processing volume and more than 20,000 customers. On behalf of the board, I would like to thank our management team, staff in New Zealand and the U.S., and our advisors who have worked hard over the last year as the company continues to execute on its growth strategy. We would also like to thank you, our shareholders, for your continued support and confidence. As part of the formalities of the meeting, I will return to address the resolutions and other matters of business, but it's now my pleasure to invite our CEO, Molly Matthews, to go into more detail on the company's performance and to give you an update on the 2022 financial year. Thank you, Molly. Thank you, Graham, and thank you to all of our shareholders attending today. It is a pleasure to be presenting to you following my first full year as CEO of your company. Over the last year, our business continued its positive growth performance, welcoming new customers, increasing the number of products utilized by customers, increasing our total processing volume, and delivering solid financial results for the 2022 financial year. We saw year-on-year growth in all of our key operational metrics, including growing total customer numbers by 31%, increasing the total number of products utilized by customers by 40%, and increasing total processing volume by 10%. During the year, 36.9 million transactions were processed through our platform. We have 2.9 million unique donors, and the average transaction value increased to $206 per transaction. These metrics are something that I am personally proud of. 36 million transactions being processed through our payments platform represents a significant amount of social good being done in our customers' communities and making real impacts on the people all around the world. We also saw continued year-on-year uplift in our financial metrics, reporting revenue growth, underlying EBITDA growth, and net profit growth over the period, while maintaining sustainable margins and underlying operating metrics. Of particular note, we surpassed the 200 million revenue milestone for the first time ever, with operating revenue increasing by 13% year-on-year to $202.8 million. Looking at some of our key metrics in a bit more detail. Total processing volume increased by 10% to $7.6 billion. This was driven by increased adoption of our donor management system as we brought new customers on board and expanded usage within our existing customer base with enhanced features. Operating revenue increased 13% to $202.8 million, growing by $23.7 million over the year, including $12.2 million from Resi Media, which we acquired in August of this last year. Our customer base increased by 31% to just over 14,500 customers, with approximately 2,800 new customers being added when we acquired Resi Media. This growth was despite the ongoing challenges of the COVID pandemic and other macroeconomic headwinds. Pleasingly, the fundamental shift toward digital giving, which we saw at the start of the pandemic, has been maintained, and we expect this to be the new normal moving forward. We implemented a number of initiatives during the year to respond to market conditions and drive growth. In particular, we appointed Jason Rupert as Chief Growth Officer and completed a comprehensive review of our sales and marketing organizations to ensure that we are aligned and optimized. This work began in the second half of fiscal year 2022 and will continue into this upcoming fiscal year as we focus on driving these initiatives to address the market and position the business for future growth and success. Moving to a topic I am personally very pleased to see progress in. Over the 2022 financial year, we delivered on our ongoing commitment to foster a diverse and inclusive workplace. To highlight just a few of the initiatives, we sponsored two employee resource groups focused on education, awareness, and development of women and underrepresented minorities. We hosted a global mentoring program to assist in supporting employee growth and career development, connect employees in separate offices, and increase inclusion of remote employees. We have expanded the diversity of our leadership team significantly by adding several women to key leadership roles. The 2022 financial year began a season of investment as we set the foundation for the long-term growth of our business. We have identified four key areas of growth and are executing initiatives under each of these areas. Our primary focus is on growing the number of medium customers in our mix. These customers have lower acquisition and support costs as a percentage of their revenue and offer a significant growth opportunity in which we can achieve a higher digital penetration rate. Our go-to-market strategy has now been optimized to better target this customer segment along with our strategy to serve the large segment. The Catholic opportunity is one of our most exciting mid to long-term growth pathways. To reiterate, giving to the Catholic Church generated $30 billion or approximately 25% of U.S. faith giving in 2016. For Pushpay, our total addressable market has been estimated by a global third-party consultancy firm to be between $600 million and $700 million. There are approximately 17,000 Catholic parishes in the U.S., and our long-term target is to have a 25% share of these using Pushpay products. We have a clear three-year roadmap for our entry into the Catholic market. We have just completed our first 12 months and have made significant progress. We introduced ParishStaq, our tailored solution for the Catholic sector, built our Catholic team to 34 people, and have made great progress building relationships and key partnerships with dioceses in the United States, including the Archdiocese of Chicago. Today, Pushpay is on the approved vendor list for 45 parishes with a very strong pipeline. These dioceses are part of a very important piece of our sales model. The diocese approve vendors for their areas, which enables individual parishes within those diocese to adopt a product representing anywhere from 20 to 300 parishes. Our teams are focused on being added to the approved vendor list for each of these diocese, and then marketing our products and solutions to each individual parish. We will now play a short video to share the ParishStaq experience firsthand from one of our customers, Our Lady of Perpetual Help. Pleasingly, even after a very short time having our product in the market, we already successfully have over 173 parish customers as of 31st March 2022. A strong start, and we expect this to escalate rapidly over the next few years as we continue to invest in our market and our offer. Hey, Lisa Schleicher here. Just wanna talk with you a little bit about our journey into ParishStaq and what was one of the most important things that we did to really be prepared to use all the features and functions well. ParishStaq offered to us the opportunity for the implementation coach. The coach walked with us and kind of organized, "Okay, let's start with groups. Get to know groups." With that, he kind of opened up what are groups about? How do we make use of it? We came back the following weekend, and as a good accountability manager, he helped us make sure that we understood groups well, then he moved us to the next tool. What that did for us was really appreciate there's so much out there, which one would we use first? He ordered it for us, and it then became logical. Oh, this integrates with this. This works with this. This is how I make things possible, and it didn't feel so overwhelming. As we were sitting there before us, like a brand-new car, and you know where to put the key or where to push the button, you didn't know where everything else was. The coach helped us understand each one of the buttons so that we would utilize its functionality for the fullness of everything that ParishStaq had to offer for us. I hope you consider taking advantage of an implementation coach to make the process easier for you. Pushpay offers three products, our donor management system, church management system, and more recently, streaming solutions. Donor management is our core product and drives the most value to our business. Our aim is to increase the number of products utilized by each customer, with our overall goal to have customers using our integrated solutions with all three products. The more of our products utilized by each of our customers, the more valuable our integrated solution is to them, thereby increasing retention. You can see on this slide the mix of products utilized by our customers and the growing number of each new product used as they are integrated into our suite. We saw growth in all three product groups over the year, with total products utilized growing by 40% to 19,039 products. Our focus is on driving adoption and increased use of multiple products throughout adoption of one of our integrated solutions. Customers who subscribe to multiple products deliver significantly higher revenue than a one-product customer, and using multiple products helps with retention. Pleasingly, we saw an increase in the average number of products per customer in FY 2022, and this also shows the growth opportunity ahead of us in cross-referring and bundling of our products. When we acquired Resi Media in August last year, over 70% of their customers did not subscribe to an existing Pushpay product. This provides us with significant cross-referral opportunities for Resi customers to utilize Pushpay solutions and vice versa. We will now play a short video that demonstrates Resi Media solutions and the value that they bring to our customers. Your production can be, well, a lot. From prep to post, the struggle is real for your time, resources, and sanity, pressing you on all sides with details, countdowns, cues, and decaf coffee. You have enough to worry about. Your live stream shouldn't be one of them. We can help. With patented technology that ensures every frame reaches your audience exactly when and how you intended it to, powerful automations, and a proactive team of specialists supporting you along the way, you now have the ability to stream with confidence every time, even if your internet goes down. Whether you're streaming venue to venue, to multiple destinations on the web, or straight from your on-demand library, we can provide the tools to help you focus on what really matters, like getting home before 2:00 A.M. Again, we have a clear three-year roadmap to leverage the value from the acquisition of Resi Media. Our focus during FY 2022 for the seven months since acquisition was on integrating Resi into Pushpay's product suite and core business systems. Resi Media is now available in Pushpay's custom apps, and we are continuing to add to its functionality. In FY 2023, we will continue to integrate Resi into our sales and marketing engine and will be focused on the significant cross-referral opportunities in the existing Resi Media and Pushpay customer base, as well as attracting new customers. FY 2024 will continue to see revenue growth of greater than 20% and will result in positive underlying EBITDAF earnings from Resi Media. One of Pushpay's continuing strengths is our ability to deliver seamless quality products and features that make it easier for our customers to increase participation, engagement, and build stronger relationships with their communities. Just a few of the features that we've launched in the last year include a simplified process for distributing giving statements to individuals for churches and donor development activities and during tax seasons, the ability for individual community members to manage their own volunteer schedules directly from their mobile phone, and app analytics, which provides deep insights into the church's digital congregation and mobile app engagement. A big focus for our development team during the year was integrating in-stream giving and engagement into Resi Media. In April of 2022, a Pushpay in-stream giving button was integrated into Resi Media, enabling churches to embed a giving page or any URL directly into their stream as a call to action. Expanding functionality through innovation helps to both attract new customers and retain current customers. Our fourth driver is to increase our share of wallet. This is the amount of a customer's total giving that is digital and processed through Pushpay's platform. We saw a transformational shift to digital giving due to COVID-19, and we have seen digital giving remain constant over the past year. Over time, it is expected that adoption and digital giving will continue to increase, and we are working with customers on initiatives to both enhance giving and to increase digital adoption. The US faith sector represents a large market worth approximately $2.5 billion from a total revenue opportunity perspective, with around $131 billion in giving processed every year. With Pushpay's operating revenue of $202 million in FY 2022 and processing volumes of $7.6 billion, we have a significant opportunity ahead of us to grow our share. In the short to medium term, we remain focused on integrating Resi Media into our portfolio of products, growing the number of products utilized by customers, and growing our share of customers within our target market. Our medium to longer term focus is to expand into the Catholic segment, which offers a significant and exciting opportunity for our group. The Catholic initiative is our first step in investing to grow our customer base outside of our existing core customer base, and we have set the goal of acquiring more than 25% of the total number of Catholic parishes as customers over the next 5 years. Our plan translates into a further year of investment in FY 2023, with strong growth expected from FY 2024 onwards, as detailed by the Chairman earlier. We look forward to delivering on our growth plans and generating value for our shareholders. Pushpay's success would not be possible without the expert direction from our Board of Directors, successful execution from management, and the hard work of our dedicated colleagues. I would like to extend my thanks to all of the Pushpay team for their efforts and support over the past year. I would also like to thank our customers, as our results are ultimately thanks to their support in choosing to partner with us. With that, I would now like to hand it back to Graham to open us up for questions. Thank you, Molly. We're going to take a pause now and open up for questions about Pushpay's business. We will provide an opportunity to ask questions regarding the shareholder resolutions later in the meeting. In addition, further time for questions will be provided at the end of the meeting, and we have our executive team online to assist. Molly, I'll hand over to you. Thank you, Graham, and good afternoon, everyone. If we are unable to answer any questions due to time constraints today, we will reply directly to you after the conclusion of the meeting. Gabby, are there any questions about the business? Thanks, Molly. We do have a few questions. The first question is from John Fu. How the prevailing high inflation impacts church givings. Do individual givings increase correspondingly with the same pace of inflation or decrease due to squeezed personal purchasing power? Great question. Thank you, John. What we've seen across time is that giving to churches does not necessarily follow the same patterns as we see in the pressures in the market. Most people who are giving to their local church do not see that as discretionary spend, rather a part of their standard budget. We watch this very closely, and as we shared in the presentation today, we have not seen a reversion or a change in the share of wallet that we are receiving through Pushpay. Thanks, Molly. We have another question from John Fu. "Competitors like Tithe.ly claim they are charging less and prove to grow the transaction volume faster than Pushpay in the past few years. Tithe.ly's customer review scores are also higher than Pushpay in many software comparison websites. Please elaborate the competitive environment Pushpay is facing. In particular, what is our competitive edge over Tithe.ly? Thank you for the question. Tithe.ly has a fantastic business, and they actually aim to serve the very small churches across America and have expanded internationally. Pushpay has a very solid focus on serving medium and large customers, and we've been quite successful in doing so over the last 10 years. One of the things that's a difference in those two products, which we do not necessarily see as a direct competition, is our ability to holistically serve extremely large churches across the U.S. I would say that there has not been a significant change in the competitive landscape over the last three-five years. Many of the same players are still active in our markets, and we still maintain the largest holding of enterprise or large churches across the United States. Thanks, Molly. The next question is also from John Fu. "What is Resi's current revenue growth run rate, and how much can Resi grow this year? What is Resi's advantage over free live stream tools like TikTok and YouTube? Thank you again for the question, John. As we presented in the presentation, we expect the Resi line of business to grow by more than 20%. From FY21 to FY22, we saw them grow by 27%. One of the key differentiators between Resi Media and competitors is the resiliency in their streaming technology. Many churches across the United States desire to have a very high quality presentation as they're streaming, both to multiple locations as well as into people's homes or into their devices. That resiliency is the key differentiator between free technologies and Resi Media. Resi Media also partners and has the ability to send their resilient stream to many of the providers that you see as free, because they are actually the tool that you just visualize the stream through, not what you actually send or stream through. Thanks, Molly. We have one more question from Tony Flynn. "When are the directors intending to start paying a dividend? I'll pass that question over to Graham. Thanks, Molly. Look, we have no intention at the moment of paying a dividend, and we have no dividend policy. Let me give a bit of substance to that. At the moment, we have some debt. We are paying that down reasonably quickly. We have a strong operating cash flow, which we want to utilize. We want to be able to have a bit of a war chest for further potential acquisitions, but that will be very targeted. Look, to be honest, I think the mantra for tech businesses has changed a little in the very recent past. The growth at all cost has moved to one that is probably a little more sensible. For us to be sitting on a bit of cash or the ability to borrow right now is seen as a very good position for the company to be in, given the uncertainties that we potentially face from an economic perspective. Thanks, Graham. There are no further questions from shareholders joining online. Thanks, Gabby, and thanks, Molly. We'll now turn to the resolutions. Sorry. Great. Thank you so much for all of the questions that we received. I'm actually going to pass it across to Graham, who's going to open us up to speak to the resolutions. Thanks, Molly, and apologies for the oops there. We will now turn to the resolutions. I will put each resolution to the meeting and allow for discussion on that resolution. Each resolution will be voted on by poll. I wish to advise that ahead of the meeting, proxies have been received in respect of 61.2% of total shares. Where a shareholder has appointed the chair of the meeting as proxy, I intend to vote in favor of resolutions one to four, unless specifically instructed otherwise. Where a shareholder has appointed me or any other Non-executive Director as a proxy, we will only vote in accordance with the shareholder's express instructions on resolution five. As required by the NZX Listing Rules, we will not exercise discretion on that resolution. As I mentioned earlier, to vote during the meeting, please click on the Get a Voting Card box at the top of the webpage or below the videos and follow the prompts to complete your online voting card. If you wish to ask a question, click on the Ask a Question box, either at the top or the bottom of the webpage. You will only be able to ask a question after you have registered to vote. Resolution one, that the board be authorized to fix the fees and expenses of Deloitte as auditor. Is there any discussion on this resolution? There are no questions on this matter from shareholders joining online. Thanks, Gabby. I will now put the resolution to shareholders. Please vote via your online voting card. Please select either for, against, or abstain for resolution one on your voting card. For the next three resolutions, which pertain to director elections and re-elections, profiles of each director standing for election or re-election are included in the notice of meeting. I will ask each director to speak in support of their election. The board unanimously supports the election or re-election of all directors standing today. I would now like to hand the meeting to Lorraine Witten to propose the second resolution as it pertains to me. Thanks, Graham, and経過をカット. Good morning and afternoon, everyone. Resolution two is that Graham Shaw, who retires by rotation and is eligible for re-election, be re-elected as a director of the company. Graham was appointed as an independent director of the board on the 22nd of January, 2015, and became chairman on the 8th of May, 2019. Graham is a member of the Audit and Risk Management Committee. I'd now like to invite Graham to address this meeting on his proposed re-election. Thanks, Lorraine. As noted in Lorraine's introduction, it's seven and a half years since I joined the board. In the year I joined, we reported just under NZD 5 million of revenue. It's pleasing to be reporting in excess of $200 million this year. I was attracted to Pushpay by the combination of faith and technology and how that might be used, not just to fund churches, but be a vital part of helping them serve their communities. As the treasurer of a small Baptist church myself, the benefits of Pushpay were really highlighted with the onset of COVID and the suspension of churches being able to meet in person. As these restrictions ease, the use of Pushpay has increased to the extent that we no longer take up an offering. We give thanks for digital giving every Sunday. Thank you. Thanks, Graham. Thank you, Gabby. Is there any discussion or question on the resolution? There are no questions on this matter from shareholders joining online. Thank you. I'll now put the resolution to shareholders. Please vote via your online voting card. Please select either for, against, or abstain for resolution two on the online voting card. I'd now like to hand back the meeting to Graham Shaw to propose the remaining resolutions. Thanks, Graham. Thanks, Lorraine. Resolution three, that Sumita Pandit, who was appointed as a director by the board during the year, be elected as a director of the company. Sumita was appointed on the 27th of September, 2021, as an independent director. She is a member of the Audit and Risk Management Committee and the Technology, Innovation and IP Committee. I now invite Sumita to address the meeting on her proposed election. Thanks, Graham. Hello, everyone. It is my pleasure to join you all today. I'm Sumita Pandit, and I'm the Chief Operating Officer of dLocal, a Nasdaq-listed cross-border hyper-growth payments platform with operations in 37 countries and a market capitalization of $7 billion. Before joining dLocal early last year, I had spent 19 years in investment banking. In my last role, I headed J.P. Morgan's global fintech investment banking business out of New York. Prior to J.P. Morgan, I worked at Goldman Sachs in their financial institutions group in New York, covering mega-cap financial services companies. I've advised companies on M&A deals, both buy side and sell side, friendly and hostile takeovers, as well as public and private capital market transactions. I graduated from Wharton as a Palmer Scholar with an MBA in finance and accounting. I am an electrical engineer by training. I'm currently based in the Bay Area, California, and I'm thrilled to be nominated to join the Pushpay Board of Directors. I have now served as a Director on the Board for the last nine months, and it has been a privilege to be part of this board as we take key decisions that achieve the dual objectives of growth and profitability. I grew up in a small town in India in a deeply religious household. Faith played a very important role in how I thought of the life choices I've always made. Today, I'm a mother of two boys in the U.S., far away from the country and environment I grew up in. I've been intrigued by what faith means to our communities in the markets we serve. Pushpay plays a very important role in our local communities, in our institutions of faith. I'm curious to learn more about how we can serve our customers better. The other important reason I wanted to be part of this board is that we have a female CEO, Molly, leading the company, and we have a very diverse board composition. It is an honor to serve alongside my accomplished board members. Thank you for considering my nomination today. Thank you, Sumita. Is there any discussion on the resolution? There are no questions on this matter from shareholders joining online. Thank you. I now put the resolution to shareholders. Please vote via your online voting card. Please select either for, against, or abstain for resolution three on the online voting card. Moving to resolution four, that John M. Connolly, who was appointed as a director by the board during the year, be elected as a director of the company. John was appointed on the 27th of September, 2021, as a Non-executive Director. He serves as chair of the Nominations and Remuneration Committee. The board has determined that due to his relationship with Sixth Street, John is a Non-executive Director. I invite John now to address the meeting on his proposed election. Thank you, Graham, and it's a pleasure to be with all of you today. My name is John Connolly, and I am the founder and managing director of a firm called Eaglehead Capital. Eaglehead Capital co-invests with a number of private equity as well as growth funds in the United States. Prior to my starting Eaglehead Capital, I was with Bain Capital. I joined them in 2009, where I was a managing director and head of the Bain Capital Operating Group. I was with Bain for close to 10 years and continue with them as an advisor, as well as being an advisor with Sixth Street Growth and the Goldman Sachs Growth Equity. Prior to Bain, I have been the founder of two companies which went on to great success. I've been a CEO of five different companies across five different verticals, as well as an interim CEO of four companies here in the United States. In addition to my operating roles, I've now been part of 35 boards, either as a director, lead director, chairman or executive chairman. One company that I was CEO, that I believe many of you would probably be most familiar with, is a company called ISS, Institutional Shareholder Services, which I am quite proud in how we serviced your marketplace. I was the CEO of ISS from 2004 to 2007, and in many ways developed significant relationships with many of your firms, both in New Zealand, Australia, and many other countries around the world. People ask me, why did I join the Pushpay board? There really were five simple reasons that got me to a point where I said, "Yes, I really wanna do this." The first one was its mission. I believe in it, and I live it. Second, its business model. Many of you here on this call today believe in the business model. It is one of the most unique and differentiated business models I have ever seen, combining the best of SaaS with a financial processing engine that optimizes the type of financial results that we are seeing here today and will see as we move forward. Third, its client base. It's a remarkable client base that is growing, that's impactful, that is both domestic and will become even more global as we move forward. Fourth, its people. When I got to know Molly and her team as well as every board member, it was a compelling reason for me to say, "Yes, I wanna be part of this group to help move forward." Then lastly, I ask myself if I can deliver value to a company when I join a board. I see myself as an active director, and I believe I can add value here as I've tried over these last nine months to do so in helping Molly and the team look at the complexity of growth and deliver value. Those were the major reasons I decided to join this great board and this great company. My wife and I, our two daughters and their families, we live in the Boston area, which is the city of the greatest sports teams in America, as evidenced by us being in the finals of the NBA Finals with the Boston Celtics. Go Celtics. My apologies to my colleagues on the West Coast. There's lots of Warrior fans out there, and I think the next two games are gonna be very exciting. Let me close as my colleague, Sumita, stated so eloquently, however. It is really my honor to serve alongside my accomplished other board members, as well as, interact with this great management team and to be your fiduciary of this great company. Thank you very much for your consideration of my nomination today, and I look forward to partnering with all of you as we all move forward. Thank you so much, Graham. Thank you, John. All the best to you and the Boston Celtics. I know our life will be a lot easier if they're successful. Are there any discussion on the resolution? We have one question from John Fu. "Pushpay's market cap is substantially undervalued comparing to the market valuation of other fintech companies. As per Finerva, 2022 Q4 valuation multiples for fintech are 12.2x revenue or 38.7x EBITDA respectively, representing $2.4 billion valuation or around NZD 3.6 per share. Please comment on the methods and strategy to unlock Pushpay's valuation. Look, I'll just kick off here and then hand over to John, 'cause the question was directed at you, John. Look, as a company, we don't tend to comment on our share price. With that qualification, John, if there's something you'd like to add to that, I'd welcome that. Yeah. Look, I think all of us on this call who are responsible for investments across our portfolio companies, the last 90 days have been very, very difficult for all of us with the volatility of the markets. I've always shared with our CEOs, you can't manage a market, but you can manage how you move your company forward. For us, what we're focused on is what Molly so well articulated in regard to our strategy. We understand we have a wonderful opportunity in front of us. As it relates to valuation, though, I concur with Graham. It would not be appropriate for us to address, but it is appropriate for what we've shared with you this evening on how we're gonna continue to drive the growth of this great company. Thanks, John. No other questions on that resolution? There are no further questions. Thank you. I now put the resolution to shareholders. Please vote via your online voting card. If you haven't been listening, I'll say it again. Please select either for, against, or abstain for Resolution Four on the online voting card. Moving on to Resolution Five, that the maximum aggregate amount per annum payable by the company to its non-executive directors be increased from $650,000 to $1 million, to be paid and allocated to the non-executive directors as the board considers appropriate, and that any remuneration payable to non-executive directors may, at the board's discretion, be paid either in part or in whole by way of an issue of ordinary shares in the company. An increase in non-executive directors' remuneration requires shareholder approval by ordinary resolution in accordance with the NZX Listing Rules. The maximum aggregate director fee pool and the method of remuneration were last approved by shareholders in 2019. An explanation for the increase and a table with the proposed allocation of the increased aggregate amount available to pay non-executive directors has been detailed in the notice of meeting. We're not proposing any increase to the fees paid to all other Pushpay directors. Executive directors do not receive directors' fees. To provide some additional context, at last year's annual meeting, we advised shareholders of an increase in fees which were within the existing director fee pool, and that New Zealand directors' fees would be designated in New Zealand dollars to remove the variations caused by movements in the U.S. dollar to New Zealand dollar exchange rate. The board also acknowledges that there is a disparity between the market rates paid in the U.S. and New Zealand for suitably qualified directors. Accordingly, in order to attract suitably qualified U.S. persons, the company needs to pay U.S. market rates. The board has determined that the appropriate base fee for a suitably skilled U.S.-based director is $240,000 per annum. It is currently proposed that the remuneration for U.S.-based non-executive directors be paid 50% in cash and 50% in shares in the company. Although the board may change this composition in the future. The board believes that the proposed increase in the pool for the total Non-executive Directors' remuneration is fair and reasonable to the company and to the shareholders and will help to attract and retain highly qualified and suitably experienced directors to the board. Is there any discussion on the resolution? There are no questions on this matter from shareholders joining online. Thanks, Gabby. Thank you. I will now put the resolution to shareholders. Please vote via your online voting card. Please select for, against, or abstain for Resolution Five on the online voting card. As a reminder, in respect of each resolution, please click the for, against, or abstain box. Once you have completed your voting on all resolutions, please click Submit Vote on the voting card. The results will be announced to the NZX and ASX as soon as they are available. Before we close, I will take a moment now to open the meeting to any further business. Do shareholders wish to raise any other matters? There are no further questions from shareholders joining online. Thank you. Look, just one comment that's not scripted, so I'll be very careful what I say. I hope you, as shareholders, understand the tremendous capability that we have acquired at this board table. It's been a thrill to pull this together. We're delighted, particularly, to have Sumita and John join us during the year. As John commented, this is not a let's attend one meeting a month sort of board. Both John, Sumita, and all directors are very involved in the business and commit a lot of time. Thank you for your endorsement of them. I'm taking that for granted, knowing where the proxies have gone. Thank you everyone for your attendance and participation today via webcast. I formally declare this meeting closed. Thank you again for your continued support and attendance today. Good afternoon, evening, or morning, depending on where you are. Thank you.