Wt Financial Group Ltd. · ASX:WTL
Wt Financial — H1 FY2020 Earnings Presentation
14 slides from Wt Financial's earnings presentation, Feb 20, 2020
Slide 1: Half-year to 31 December 2019 – Interim Result and Update
WT FINANCIAL GROUP LIMITED (ASX: WTL) ASX Release 20 February 2020 Half-year to 31 December 2019 – Interim Result and Update Restructure and growth deliver turnaround and return to profitability WT Financial Group Limited (the Company or the Group) today announced that its interim results for the ha
Slide 2: Strategic transformation and industry disruption
WT FINANCIAL GROUP LIMITED (ASX: WTL) ASX Release 20 February 2020 The Company’s strategic transformation is enabling it to capitalise on the industry disruption created by the unravelling of institutional advice models which is providing substantial expansion opportunity, as was more fully detailed
Slide 3: Appendix A - Comparison table for last two prior corresponding periods
WT FINANCIAL GROUP LIMITED (ASX: WTL) ASX Release 20 February 2020 APPENDIX A - Comparison table for last two prior corresponding periods (PCPs) The Company provides the following PCP comparison of the interim results against the prior two corresponding periods to underscore the significance of the
Slide 4: Appendix B: Market update provided by the Company on 26 August 2019
WT FINANCIAL GROUP LIMITED (ASX: WTL) ASX Release 20 February 2020 APPENDIX B: Market update provided by the Company on 26 August 2019 The following market update and investor briefing was provided to the ASX on 26 August 2019. It sets out details of the Company’s strategic transformation program, w
Slide 5: Shareholder and investor briefing presentation
SPRING FG LIMITED - (ASX: SFL) ASX Release 26 August 2019 Shareholder and investor briefing presentation The attached presentation (and information) is provided to the market by Spring FG Limited (the Company) and its related subsidiaries and trading entities (collectively the Group) and reflects th
Slide 6: SFL - Shareholder and investor briefing presentation
SPRING FG LIMITED - (ASX: SFL) SFL - Shareholder and investor briefing presentation 26 August 2019
Slide 7: Summary of content
Summary of content: 1. Successful implementation of transformational restructure Shift to B2B model through Wealth Today acquisition fuels growth and positions Group to capitalise on industry disruption Rationalisation of B2C operations dramatically reduces fixed costs 2. FY2019 results - key indica
Slide 8: Successful implementation of transformational restructure strategy fuels growth
Successful implementation of transformational restructure strategy fuels growth Over the past two years the Group has undergone a transformational restructure of its business and operations to reduce its focus and reliance on business-to- consumer (B2C) and non-recurring revenue, to emerge as a prim
Slide 9: Of Total Revenue from Ordinary Activities, recurring revenue will total $6.59M
Of Total Revenue from Ordinary Activities, recurring revenue will total $6.59M, an increase of more than 70% on the prior year (FY2018 $3.79M) with intra-year improvement of 25% for H2 FY2019 over the first half. Total Revenue & Other Income (which in FY2018 included a one-off Other Income amount of
Slide 10: Wealth Today adviser growth drives turnaround – now more than 100 advisers and growing
Impact of restructure on balance sheet The Company’s board is finalising a review of carrying values of all intangible assets, including acquired goodwill and other intangible assets associated with its B2C operations, to ensure that its balance sheet appropriately reflects its restructured revenue
Slide 11: Wealth Today adviser model
Under the Wealth Today model, suitably qualified financial advisers are open to apply to join the group. Following extensive pre-vetting, reference checking (following ABA protocols), and induction training, those that are successful with their applications are appointed as either corporate authoris
Slide 12: Industry disruption presents unprecedented growth opportunity
The Group’s B2C operations also serve as a “research and development lab” for both consumer and practice management strategies; setting it apart from dealer groups that have no exposure to the practical application of the marketing and delivery of advice to consumers on a day-to-day basis. To ration
Slide 13: Listed parent-entity name to change to reflect transformation
MLC also announced it will close its self-employed NAB Financial Planning and MLC Advice Stores displacing up to 500 advisers. It said it would retain its Godfrey Pembroke brand (of around 150 advisers) as a group focused on high-net-worth clients. AMP advised its intention to “reduce” its number of
Slide 14: Risks to growth
Risks to growth Of course, there are risks to all companies that operate in an industry undergoing such upheaval as that being experienced in financial services - and the Group will not be immune to those as and when they arise. The Company considers one of the most significant risks to growth for a