Fiducian Group Ltd · ASX:FID
Fiducian — Investor Presentation (November 2020)
19 slides from Fiducian's investor presentation, Nov 12, 2020
Slide 1: Wilsons Rapid Insight Investor Presentation
Wilsons Rapid Insight For personal use only INVESTOR PRESENTATION Indy Singh – Executive Chairman (Fiducian Group) Rahul Guha – Executive Chairman (Fiducian Services) 12 November 2020 1
Slide 2: Agenda
Agenda For personal use only • Business Overview • Financials • Growth Strategy and Business Outlook • Key Dates and Contacts 2
Slide 3: Profit Generating Sustainable Business Model
Profit Generating Sustainable Business Model For personal use only Management • Process driven, client focused investment products Funds • 15 Managed Funds: 4 Diversified Funds, 4 Sector Funds, 7 Specialist Funds • $3.09 Billion in Funds under Management (FUM) • Market competitive Wrap & Managed Dis
Slide 4: Funds Management
Funds Management For personal use only • 15 Funds using Fiducian’s Manage-the-Manager (MTM) system of investment • Fiducian process delivers greater Diversification with lower risks • Consistently superior results against the world’s best fund managers in the Australian market The above performances
Slide 5: WRAP Platforms (FSS/FIS) – FinTech (FORCe & FASTrack)
WRAP Platforms (FSSWRAP Platforms (FSS/FIS) – FinTech (FORCe & FASTrack) For personal use only • Competitive Fees, Flexible Structure • Public offer “Superannuation Fund” • Investor Directed Portfolio Service (IDPS) • 15 – Multi-manager Funds using the Fiducian Manage-the-Manager system • 58 – Singl
Slide 6: Financial Planning – Focus on Quality and Expertise
Financial Planning – Focus on Quality and Expertise For personal use only • We are selective in recruiting Financial Planners • National footprint with 42 offices, 71 representatives • 33 Franchised offices • 9 Salaried offices BUSINESS OVERVIEW 6
Slide 7: Integrated Business Model
Integrated Business Model For personal use only Our clients experience the Fiducian difference: Plus, additional revenue growth if financial markets rise Financial Planning Administration / Funds Management Funds: $3.05 billion Platforms Funds: $2.79 billion Revenue: $20.8 Funds: $2.19 billion Reven
Slide 8: Five Year Summary
Five Year Summary For personal use only Sustainable growth history consistently over long term FINANCIALS 8
Slide 9: Cash flow
Cash flow • Cash Flow in line with expectations for Jul 20 – Sep 20: For personal use only • $14.2 mil Receipts from Customers • $2.4 mil Net Operating Cash Flow after expenses and tax • $12.1 mil Cash at end of the period • Reinvestments into business: • $0.3 mil payments for Client acquisitions •
Slide 10: Net Fund In-Flows in Platform
Net Fund In-Flows in Platform For personal use only Net Funds Inflows - Six monthly (in $ mil) 120 100 80 60 40 20 0 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17 Jun 18 Dec 18 Jun 19 Dec 19 Jun 20 Oct 20 • Net In-flows of $46 million during H1 FY 2020-21 • Both Salaried and Franchised networks contributing to
Slide 11: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth For personal use only FUMAA (in $ bil) • The combined Funds 10.00 under Management, 9.00 Administration and Advice 8.59 8.20 8.03 (FUMAA) is $8.59 billion 8.00 7.40 as at 31 October 2020 7.00 6.72 6.30 6.31 6.00 5.68 5.15 4.74 5.00 4.3
Slide 12: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index For personal use only FID vs All Ords Growth • Since Jun 12, FID has FID + 734% outperformed All Ords by 770% (incl Dividends) FID closing on 10 610% (including dividend) Nov 2020: $5.65 670% • Dividend pay-out policy is 60- 70% of Net Profit After Tax
Slide 13: Dividends - $1,000 invested on July 2012
Dividends - $1,000 invested on 1 July 2012 For personal use only • The above graph shows annualised dividend yield (before franking credits) on $1,000 invested in FID on 01/07/2012. • Double digit EPS growth (based on UNPAT) in 15 out of 20 years since listing FINANCIALS 13
Slide 14: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation For personal use only The following is a concept extrapolation* of how increasing scale lifts EBITDA at an accelerating rate above a relatively fixed cost base: Funds under Management, Administration and Advice (FUMAA) & EBITDA 30 60 * This is not
Slide 15: COVID-19 Response
COVID-19 Response For personal use only • While the financial market has had large swings, our investments assets are diversified and expected to earn a Balanced return. The market volatility will have an impact on our revenue. • Fiducian has surplus cash for its operations with no debt. The company
Slide 16: Industry Consolidation, Opportunities and Regulatory Overview
Industry Consolidation, Opportunities and Regulatory Overview For personal use only • Grow Funds Under Advice organically and through strategic acquisitions of financial planning businesses. • A number of established participants are exiting or have announced their intentions to exit the industry. •
Slide 17: Growth Strategy Outlook
Growth Strategy Outlook For personal use only Funds Leverage of successful Manage-The-Manager Management model and expand in new markets where profitable Distribute SMA capabilities, offer Badged solutions Administration to IFA market and build SMSF Administration Financial Continue to attract high
Slide 18: Key Dates and Contacts
Key Dates and Contacts For personal use only Key Dates • Half-year results announcement date: 15 February 2021 Contacts Investor Relations: Media Relations: Rahul Guha, Julie Hargrave, Executive Chairman (Fiducian Services) Head of Marketing and Communications +61 2 8298 4600 +61 2 8298 4621 rahulgu
Slide 19: Disclaimer
Disclaimer For personal use only Information in this document and given in the presentation is of a general nature. It is not intended to be, nor does it, constitute financial, legal or tax advice. The information is given in good faith and, although care has been exercised in compiling it, Fiducian
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