Centrepoint Alliance Limited · ASX:CAF
Centrepoint Alliance — Shareholder Meeting (November 2022)
15 slides from Centrepoint Alliance's shareholder meeting presentation, Nov 29, 2022
Slide 1: ASX Announcement – Annual General Meeting Presentations
ASX Announcement 29 November 2022 ASX ANNOUNCEMENT – ANNUAL GENERAL MEETING PRESENTATIONS For personal use only In accordance with the ASX Listing Rules, the Chairman’s and Chief Executive Officer’s addresses and presentation to the Annual General Meeting (“AGM”), are appended. This announcement has
Slide 2: Chairman's Address
Chairman’s Address As Chair and on behalf of the Board of Directors, it is my pleasure to welcome you to the 2022 Annual General Meeting for Centrepoint Alliance. Since our last AGM, Centrepoint Alliance has continued to develop substantially, and your company now commands an enviable position in a
Slide 3: Chairman's Address (continued)
Throughout the last financial year, Centrepoint Alliance’s management, employees and licenced advisers have gone above and beyond to grasp opportunities in what has been a challenging operating environment for financial services. I would like to thank the team for their ongoing dedication. I would a
Slide 4: Chief Executive Officer's Address
Chief Executive Officer’s Address 2022 has been a transformational year for Centrepoint Alliance. We successfully completed and integrated the ClearView Financial Advice acquisition, while organically growing advisers. We also made good progress commencing several strategic initiatives to deliver gr
Slide 5: CEO Address (continued)
Leveraging our mortgage broking service and infrastructure, we launched a new initiative, Lending as A Service (‘LaaS’) enabling advisers to offer lending services to their clients while building a compliant lending business. LaaS was launched in the first quarter of the 2023 financial year. 3. Diff
Slide 6: Annual General Meeting November 2022
For personal use only ANNUAL GENERAL MEETING ASX: CAF 29 November 2022
Slide 7: Chairman's Remarks
For personal use only CHAIRMAN’S REMARKS Alan Fisher
Slide 8: CEO Address
For personal use only CEO ADDRESS John Shuttleworth
Slide 9: A Transformational Year for Centrepoint Alliance
A TRANSFORMATIONAL YEAR FOR CENTREPOINT ALLIANCE For personal use only Acquired and Organically Commenced successfully integrated grew our strategic initiatives ClearView’s advice adviser base for future growth business 4
Slide 10: Operating Highlights
OPERATING HIGHLIGHTS For personal use only CLEARVIEW ADVICE SELF- ACQUISITION LICENCED LICENCED COST TO GROSS PROFIT, 1 NOVEMBER 2021 ADVISERS FIRMS INCOME, % $ MILLIONS Pre- 356 151 86 24.4 acquisition1 Post- 517 192 77 31.2 acquisition2 +45% +27% -10% +28% $7.2m EBITDA +112% on FY21 Excludes legac
Slide 11: The industry has shifted from bank-owned and institutional to mid tier and self-licensed
The industry has shifted from bank-owned and institutional to mid tier and self-licensed For personal use only 2017 PRE ROYAL COMMISSION 2022 CURRENT STATE 25,249 advisers 15,917 advisers Big 4 banks 5,712 CBA 1,784 9,332 advisers exited NAB 1,653 the industry (-37%) ANZ 1,164 Westpac 1,111 Big 4 ba
Slide 12: Our Strategy Is Focused on Three Key Areas
OUR STRATEGY IS FOCUSED ON THREE KEY AREAS For personal use only 1. 2. 3. Building scale Develop revenue Differentiate and capability adjacencies through quality of advisers, in our core licensee business that enhance our offer and service quality and technology improve margin Grow Licenced Advisers
Slide 13: Centrepoint Alliance Has a Strong Platform for Future Growth
CENTREPOINT ALLIANCE HAS A STRONG PLATFORM FOR FUTURE GROWTH For personal use only STRONG FOUNDATION TO SUPPORT FUTURE GROWTH SUSTAINABLE RIGHT SCALE DIVERSIFIED TEAM THAT FINANCIALS ADVISERS REVENUE CAN EXECUTE Profitable Quality 517 ARs + Asset Management Organic growth Strong balance sheet Strong
Slide 14: FY23 Outlook
FY23 OUTLOOK For personal use only Solid start to FY23 1H FY23 revenue is forecast to be slightly ahead of 2H FY22 revenue (after removing discontinued platform revenue of $0.7m reported in full year results update) Revenue uplift driven by circa 5% increase in licensee fee revenue 1H FY23 EBITDA (b
Slide 15: For personal use only
For personal use only CENTREPwINT ALLIANCE
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