Slide 1: Half Year Results
For personal use only Half Year Results 27 February 2014 Barry Lambert - Chairman Michael Spurr - Managing Director & CEO
Slide 2: Half Year Result Highlights
Half Year Result Highlights Financials For personal use only Net Profit after Tax: $6.78 million (Up 12.5%) 2 Net Profit after Tax to shareholders: $6.73m (Up 12.9%) 3 Group Operating Profit: $11.8 million (up 1.2%) Diluted Earnings per Share 6.14 cents (Up 12.4%) CUP Dividends 3rd Interim Dividend
Slide 3: Full Year Guidance
Full Year Guidance Continued challenging business environment has For personal use only required earnings per share guidance to be revised; Earnings per share growth still expected to exceed 10%; Dividends of 12 cents per share (3 cents per quarter) expected to be maintained for the full year.
Slide 4: The Countplus Network
The Countplus Network For personal use only 4
Slide 5: Group Performance – Member Firms
Group Performance – Member Firms Revenue made up of For personal use only primarily of accounting Dec ‘13 % Change and related services. $ ‘000 (Dec’12) Financial planning/services Total Net Member Revenue 51,542 5.6% revenue makes up 22.6% of net group Expenses: revenue and property related service
Slide 6: Group Performance – Member Firms
Group Performance – Member Firms For personal use only Dec ‘13 % Change Head Office net cost $ ‘000 (Dec’12) is only expected to increase marginally Head Office Contribution (net cost) (765) (6.3%) in the second half of 2014. Share of Associates Profits 194 27.6% Group Operating Profit 11,239 1.2% M
Slide 7: Balance Sheet
Balance Sheet Balance sheet in For personal use only Dec’13 % Change strong position with low net debt $ ‘000 (Jun’13) and a healthy Current Assets 38,758 8.5% current ratio Non-Current Assets 64,410 (3.1%) Balance sheet has Total Assets 103,168 1.5% deconsolidated subsidiary sold Current Liabilitie
Slide 8: Dividends
Dividends Dividends 2013/14 Cents Per Share Paid / Declared For personal use only 1st Interim Dividend 3 cents 15/11/2013 (paid) 2nd Interim Dividend 3 cents 14/02/2014 (paid) 3rd Interim Dividend 3 cents 15/05/2014 (declared) Twomeys (Regional Southern NSW) ChangeGPS (Brisbane, QLD) 8
Slide 9: Recent Acquisitions/Investments
Recent Acquisitions/Investments Date Acquired Acquirer For personal use only Jul 2013 360 Financial Advantage Business assets Accounting of PortinMacquarie, firm based Port Vision Pty Ltd& Accountants NSW basedNorthern Macquarie, AdvantageNSW Accountants & acquired by (Macksville, Business Business
Slide 10: Recent Acquisitions/Investments
Recent Acquisitions/Investments Date Acquired For personal use only Jul 2013 Peak Financial Financial planning business on the northern beaches (Sydney) acquired by Member Firm, Countplus One. Jul 2013 Super-IP (Class Super-IP is the owner of Australia’s Super) – 3.7% fastest growing Self-Managed in
Slide 11: Hood Sweeney
Hood Sweeney For personal use only In December 2013, CUP associate, Hood Sweeney completed a merger with Shearer + Elliss, a 3 partner professional services firm in Adelaide. The combined entity has annual total revenues approaching $25 million ranking in the top 35 accounting firms nationally. 11
Slide 12: Becoming involved in Countplus
Becoming involved in Countplus 1. Building a high performance firm – subscribing to For personal use only ChangeGPS (www.changegps.com.au); 2. For smaller businesses - “Tuck-in” acquisitions by Countplus Member Firms; 3. For larger businesses - Progressive acquisition & potential ASX listing. My Acc
Slide 13: The Countplus Network
The Countplus Network For personal use only 13
Slide 14: Half Year Results
For personal use only Half Year Results 27 February 2014 Barry Lambert - Chairman Michael Spurr - Managing Director & CEO