Cog Financial Services Limited · ASX:COG
Cog Financial Services — Shareholder Meeting (November 2022)
15 slides from Cog Financial Services's shareholder meeting presentation, Nov 25, 2022
Slide 1: 2022 AGM CEO Presentation
25 November 2022 The Manager – Listings For personal use only Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 2022 AGM CEO Presentation COG Financial Services Limited (COG) attaches the following documents in relation to the FY2022 Annual General Meeting: • CE
Slide 2: AGM
For personal use only AGM Andrew Bennett 25 November 2022 Group Chief Executive Officer
Slide 3: COG is a distribution business & asset manager
COG is a distribution business & asset manager For personal use only We have a sales force of Funds Management Businesses that manage Distribution Businesses an ever-growing pool of investible capital
Slide 4: COG's business ecosystem
For personal use only COG’s business ecosystem
Slide 5: Strategy - growing a truly diversified business
About COG Strategy - growing a truly diversified business For personal use only Leveraging a strong & significant broker market share in the Asset Finance space, to expand cross selling opportunities, grow our direct lending activities and associated margins • Organic growth in Westlawn is being ach
Slide 6: The linkage, why COG owns the businesses it does
About COG The linkage, why COG owns the businesses it does For personal use only COG sees huge value in distribution being leveraged across a broader range of financial products: • SME broking is the core of COG’s distribution business and is the base to building quality relationships to provide a r
Slide 7: Growth megatrends
Growth Megatrends that will drive growth: For personal use only • Banks continue to close branches and rely on brokers. Currently 70% of bank originated loan assets come via brokers. Eventually this will move to 100%. • Non-Bank sector continues to grow, and they don’t have a branch network and rely
Slide 8: Population Projection – 12.2% increase
Population Projection – 12.2% increase For personal use only 29,500,000 29,063,400 29,000,000 Increased population creates demand and GDP growth 28,500,000 28,000,000 Population at end of year 27,500,000 27,000,000 26,500,000 25,913,100 26,000,000 25,500,000 25,000,000 24,500,000 24,000,000 2021-22
Slide 9: Committed infrastructure expenditure, with more to come
Committed infrastructure expenditure, with more to come For personal use only With Decarbonisation Source: Infrastructure.org.au/chart_centre/pipeline
Slide 10: Transitioning the electricity grid to renewables will generate enormous activity for SMEs
Transitioning the electricity grid to renewables will generate enormous activity for SMEs For personal use only Climate Change Act (Cth) 2022 Carbon emissions to reduce by 50% of 2005 levels by 2030. Consequences for COGL 1. Transition of electricity grid to renewables generates significant demand f
Slide 11: Electrification - What's got to be replaced
Electrification - What’s got to be replaced For personal use only 10 million Households in Australia Commercial • 18.5 million passenger vehicles and light • 2,200 diesel locomotives commercial vehicles – • 10,000 mining trucks Electric Car Discount Bill – incentive for novated • 11,000 general avia
Slide 12: Insurance – a growth area for COG
Finance Broking & Aggregation Insurance – a growth area for COG For personal use only $ millions COG’s SME clients also need insurance 3.6 COG's SME clients also need insurance products which provides an 3.0 opportunity for COG's asset finance brokers to cross sell insurance to their 1.5 clients. Ge
Slide 13: Novated leasing
Finance Broking & Aggregation Novated leasing For personal use only $ millions 4.3 COG runs a novated lease and salary packaging service 3.4 0.6 business through its indirect subsidiaries Fleet Network and beCarWise. 1.7 1.1 As novated leasing specialists, we’ve assisted everyone 3.7 0.6 2.3 from pr
Slide 14: FY so far & outlook
FY 23 so far & outlook For personal use only • COG’s YTD NPATA to 31 Oct 22 up 26% on prior comparable period. • Strong activity in all segments and will continue given mega trends supporting mining, infrastructure, transport and agri. • Recession unlikely, if there is, it will be short and shallow.
Slide 15: Thank you
For personal use only Thank you
COG Financial Services — Shareholder Meeting (November 2022) on 6ix