Wt Financial Group Ltd. · ASX:WTL
Wt Financial — Corporate Update (August 2019)
11 slides from Wt Financial's corporate update, Aug 26, 2019
Slide 1: 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 2: SFL - Shareholder and investor briefing presentation
SPRING FG LIMITED - (ASX: SFL) SFL - Shareholder and investor briefing presentation 26 August 2019
Slide 3: 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 4: SFL - Shareholder and investor briefing presentation
SFL - Shareholder and investor briefing presentation August 2019
Slide 5: 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 6: Impact of restructure on revenue and costs
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 7: Wealth Today adviser growth drives turnaround
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 8: Wealth Today adviser model and services
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 9: 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 10: 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 11: 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