Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2024)
15 slides from Bell Financial's shareholder meeting presentation, Apr 19, 2024
Slide 1: 2024 AGM – Co-Chief Executive Officers Presentation
19 April 2024 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 2024 AGM – CO-CHIEF EXECUTIVE OFFICERS PRESENTATION Please find attached a copy of the presentation to be given by the Co-Chief Executive Officers at Bell Financial Group Limited’s Annual General Meeting today
Slide 2: 2024 Annual General Meeting
2024 ANNUAL GENERAL MEETING Friday 19 April 2024 Bell Financial Group 2024 AGM 1
Slide 3: Agenda
AGENDA 1 2023 Overview and 2024 Market Update 2 Reports for 2023 3 Re-election of director 4 Remuneration Report Bell Financial Group 2024 AGM 2
Slide 4: Co-Chief Executive Officer’s Presentation
Co-Chief Executive Officer’s Presentation Arnie Selvarajah & Dean Davenport 19 April 2024 Bell Financial Group 2024 AGM 3
Slide 5: 2023 Group Highlights
2023 GROUP HIGHLIGHTS Revenue Profit After Tax Earnings Per Share Dividend Per Share $247m $24.3m 7.6¢ share 7.0¢ share 4.0% increase on 2022 5.3% decrease on 2022 5.0% decrease on 2022 No change on 2022 Dividend Yield (Gross) Return On Equity EBITDA Margin PE Multiple 7.4% 15.0% 16.4% 17.8x Based o
Slide 6: BFG Corporate Structure & Business Units
BFG CORPORATE STRUCTURE & BUSINESS UNITS A highly diversified financial services and wealth management business Bell Potter Securities Ltd Bell Potter Capital Ltd Third Party Platform Pty Ltd Retail and Institutional Equities Bell Client Funds at Call Retail Online Broking Equity Capital Markets Mar
Slide 7: Strategy: Building Recurring Revenues
STRATEGY : BUILDING RECURRING REVENUES Our investment in Technology & Platforms and Products & Services creates the foundations for ongoing growth ― Our Technology & Platforms and Products & Services businesses delivered record revenue and earnings for the 10th consecutive year ― Their combined cont
Slide 8: Strategy (cont’d)
STRATEGY (cont’d) Unlocking growth potential by focusing on people, technology and products People Technology Products — Evaluating opportunities to — Taking advantage of our market- — Expanding the distribution of our grow our team through both leading proprietary technologies products and services
Slide 9: 2023 Overview
2023 OVERVIEW STEADY EARNINGS IN CHALLENGING MARKET CONDITIONS Solid earnings underpinned by recurring revenues ─ 2023 revenue was relatively consistent with the prior year, with growth in Products & Services and Technology & Platforms revenues offset by lower revenue in the Retail and Wholesale bus
Slide 10: Strong Balance Sheet with No Core Debt
STRONG BALANCE SHEET WITH NO CORE DEBT The Group is in a strong financial position. We have a solid $114 million cash-backed balance sheet EBITDA Margin BFG Share Price Movement January 2019 - December 2023 25% 150% $2.00 23.4% $1.75 22.6% 20% 100% 19.3% $1.50 17.1% 15% 16.4% 50% $1.25 $1.00 10% 0%
Slide 11: Funds Under Advice Continue to Grow
FUNDS UNDER ADVICE CONTINUE TO GROW Funds Under Advice including Portfolio Administration Services (PAS), Superannuation Assets, CHESS Sponsored Holdings and the Bell Potter Capital margin loan book, all hit record highs Funds Under Advice ($B) CHESS Sponsored Holdings ($B) FUA - PAS and Superannuat
Slide 12: Broking – Retail & Institutional
BROKING – RETAIL & INSTITUTIONAL Leveraged to markets ─ Our Institutional, Retail, Commodities and FX desks generated $95 million in revenue, down 8% on the p.c.p. ─ Our Equity Capital Markets (ECM) division put in another noteworthy performance despite the many factors weighing on financial markets
Slide 13: Technology & Platforms
TECHNOLOGY & PLATFORMS Leveraged to scale ─ Our Technology & Platforms business continues to deliver consistent growth in revenue, profit and sponsored holdings ─ We expect growth in this business will continue $36.4 million in Revenue (19.7% increase on 2022) $8.2 million Profit After Tax (32.8
Slide 14: Products & Services
PRODUCTS & SERVICES Leveraged to distribution Products & Services revenue and earnings Revenue ($M) Profit After Tax ($M) have grown consistently over an extended 55 12 period 50 44.5 12.0 41.9 11.1 45 39.9 10.5 — $44.5 million in Revenue 40 37.2 9 35.0 9.3 (6.2% increase on 2022) 35 22.4 8.2 — $12
Slide 15: 1Q 2024 Update
1Q 2024 UPDATE A strong start to the year — Group revenue was $62.0m (unaudited) for the first quarter ending 31 March, Revenue a 17.4% increase on the p.c.p. — Group profit before tax was $9.3m (unaudited), a 60% increase on the p.c.p. — Funds Under Advice were $82.5b at 31 March, a 3.4% increase o
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