Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (March 2022)
18 slides from Bell Financial's shareholder meeting presentation, Mar 31, 2022
Slide 1: 2022 AGM – Executive Chairman's Presentation
31 March 2022 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 2022 AGM – EXECUTIVE CHAIRMAN’S PRESENTATION Please find attached a copy of the presentation to be given by the Executive Chairman at Bell Financial Group Limited’s Annual General Meeting today. For more infor
Slide 2: 2022 Annual General Meeting
2022 ANNUAL GENERAL MEETING Thursday 31 March 2022 Bell Financial Group 2022 2021 AGM 1
Slide 3: Agenda
AGENDA 2021 Overview 2022 Market Update 1 Reports for 2021 2 Re-election of director 3 Remuneration Report 4 Amendment to Constitution Bell Financial Group 2022 2021 AGM 2
Slide 4: Executive Chairman's Presentation
EXECUTIVE CHAIRMAN’S PRESENTATION Alastair Provan 31 March 2022 Bell Financial Group 2022 2021 AGM 3
Slide 5: 2021 Highlights
2021 HIGHLIGHTS REVENUE PROFIT AFTER TAX EARNINGS PER SHARE $292.1m $44.1 m $13.8¢ share 2.4% decrease on 2020 5.5% decrease on 2020 5.5% decrease on 2020 DIVIDEND PER SHARE DIVIDEND YIELD (GROSS) RETURN ON EQUITY 11.0¢ share 8.4% 26.4% 4.8% increase on 2020 Based on the BFG share price at 31 Decemb
Slide 6: 2021 Overview
2021 OVERVIEW Long term growth in Revenue, Profit after Tax, Earnings per Share and Dividends. Bell Financial Group 2022 AGM 5
Slide 7: 2021 Overview
2021 OVERVIEW We have a solid cash-backed balance sheet with no core operating debt EBITDA Margin BFG Share Price Movement January 2017 – December 2021 28% CAGR 24% +8.9% (5-YR) 23.4% 22.6% 20% 19.3% 16% 17.3% 16.1% 12% 2017 2018 2019 2020 2021 Return on Equity Balance Sheet As at 31 December 2021 C
Slide 8: 2021 Overview
2021 OVERVIEW Funds Under Advice ($B) CHESS Sponsored Holdings ($B) Portfolio Administration Services (PAS) ($B) 19% increase on 2020 20% increase on 2020 7% increase on 2020 80 CAGR 4.5 +13.0% (5-YR) 69.0 70 CAGR + 9.2% (5-YR) 57.5 4 60 52.1 32.5 3.8 50 42.2 41.6 3.5 26.5 3.6 40 22.0 3.4 15.7 16.7
Slide 9: Corporate Structure & Business Units
CORPORATE STRUCTURE & BUSINESS UNITS BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL • Retail Equities Six distinct business units operate within Third Party Platform: • Bell Potter Portfolio Lending (Domestic & International) • Bell Financial Trust • Institutional Equities
Slide 10: Broking - Retail & Institutional
BROKING - RETAIL & INSTITUTIONAL • Brokerage from our Institutional and Retail desks was $104.4m for the year, relatively consistent with 2020. • $104.4 million in ECM and Syndication fee income, down 4.2% on the p.c.p. • $28.8 million profit after tax, down 13% on the p.c.p. • Successfully executed
Slide 11: Broking - Equity Capital Markets and Syndication
Page 10 BROKING - RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Bell Financial Group 2022 AGM 10
Slide 12: Broking - Equity Capital Markets and Syndication
Page 11 BROKING - RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Bell Financial Group 2022 AGM 11
Slide 13: Broking - Equity Capital Markets and Syndication
Page 12 BROKING - RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Bell Financial Group 2022 AGM 12
Slide 14: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period • $27.8 million in Revenue. • $4.8 million Profit After Tax. • $32.4 billion in Sponsored Holdings. • 234,000 client accounts. Bell Financial Group 2022 AGM 13
Slide 15: Products & Services
PRODUCTS & SERVICES Revenue ($M) Profit After Tax ($M) 45.0 • $39.9 million in Revenue. CAGR 40.0 +8.2% (5-YR) • $10.5 million Profit After Tax. 39.9 37.2 • $534 million loan book at 31 December 2021. 35.0 35.0 • $481 million client funds at call at 31 December 2021. 30.0 31.3 29.1 25.0 20.0 * 2017
Slide 16: Strategy
STRATEGY Our strategy is simple. Growth through our full service broking businesses augmented by continuous investment in leading edge proprietary technology. SYSTEMS & PLATFORMS PRODUCTS & SERVICES • FUSION – In-house desktop application covering all • BELL POTTER PORTFOLIO LENDING aspects of advis
Slide 17: Strategy
STRATEGY Investment in proprietary technology, platforms and our products and services and is key to our ongoing business development. The result is more efficient and better outcomes for our staff and clients. • Revenues of $67.7 million, a 10.1% increase on the p.c.p., representing 23% of total Gr
Slide 18: 1Q 2022 Update
1Q 2022 UPDATE REVENUE • We estimate Group revenue of approximately $57m for the first quarter ending 31 March, a 13% decrease on the previous corresponding period. • We estimate Group profit before tax of approximately $8.3m, a 30% decrease on the $57m (estimate) previous corresponding period. Janu
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