Count Limited · ASX:CUP
Count — Investor Presentation (February 2022)
18 slides from Count's investor presentation, Feb 24, 2022
Slide 1: 2022 Half-Year Results
ASX announcement CountPlus Limited 2022 HALF-YEAR RESULTS Presentation and Investor Discussion Pack 24 February 2022 (Sydney). This presentation has been authorised for release to the ASX by the Board of CountPlus Limited. 1
Slide 2: Important information
Important information This presentation is provided for information purposes only. The information in this Certain statements in this presentation may constitute forward-looking statements or presentation is in a summary form, does not purport to be complete and is not statements about future matter
Slide 3: CountPlus 1H2022 Summary
CountPlus 1H2022 Summary • Reported Earnings Before Interest, Tax and Amortisation (‘EBITA’) $5.90M (1H2021 $8.88M incorporating grandfathered commissions of $1.78M and government assistance of $2.70M which reduced to $0.17M in 1H2022). • Underlying EBITA reflecting the group’s trading and M&A activ
Slide 4: Group Segments
2022 Half-Year Results Overview CountPlus Economic Engine – Segment Results Overview Group Segments $‘000 1H2022 1H2021 1H2022 1H2021 1H2022 1H2021 Core Accounting Firms $‘000s $‘000s Core Related $‘000s $‘000s Total Segment EBITA 7,722 10,511 Gross revenue 33,296 34,228 Gross revenue 1,788 – Share
Slide 5: 2022 Half-Year Results Overview
2022 Half-Year Results Overview Underlying EBITA 1H2021 2H2021 1H2022 Movement – 1H2022 vs 1H2021 Underlying EBITA $’000 $’000 $’000 $ % EBITA – Reported 8,875 3,071 5,901 (2,974) (34) Government Grants (2,699) (255) (170) 2,529 94 Grandfathered Commissions (1,784) – – 1,784 100 Underlying EBITA 4,3
Slide 6: Core Accounting Firms – 100% aggregation
2022 Half-Year Results Overview Core Accounting Firms – 100% aggregation 1H2022 1H2021 Movement Notes: Pro forma P&L analysis $’000 $’000 % 1. Operational salaries and expenses have Income from ordinary activities * 61,761 54,714 13 increased due to the merger of a subsidiary firm, an acquisition of
Slide 7: Cash Flow Bridge
2022 Half-Year Results Overview Cash Flow Bridge 1H2022 1H2021 Movement 1H2022 showed a decline in cash flows from Cash flows from ordinary activities* operating activities, as reported, due to: $’000 $’000 % • The ending of grandfathered commissions – a Cash flow from operating activities – Reporte
Slide 8: Count Financial Update
Count Financial Update Financial Advice Revenue Overview – 1H2021 to 1H2022 Number of Advice Documents 9,000 2,500 8,000 Advice Avg. per 7,000 1,784 2,000 Documents adviser 774 6,000 5,000 1,500 1H2020 5,920 19 4,000 8,223 1,000 3,000 7,213 1H2021 8,122 33 2,000 500 1,000 1H2022 12,015 49 - - Jul Au
Slide 9: Why professional financial advisers are choosing Count Financial
Why professional financial advisers are choosing Count Financial 250 2022 Half-Year Results Presentation 9
Slide 10: Dividend
2022 Half-Year Results Overview Dividend • 1H2022 dividend of 1.50 cents per share, fully franked. • Target dividend pay-out ratio of 60% to 90% of maintainable net profit after tax, attributable to CountPlus shareholders for financial year 2022. • Pay dividends out of operating cash flow generated,
Slide 11: CountPlus Financial Track Record – Group Results
2022 Half-Year Results Overview CountPlus Financial Track Record – Group Results Revenue - $’M Adjusted EBITA - $’M Net Cash ($M) 45.0 10.0 25.0 40.0 42.3 41.9 9.0 22.8 38.9 8.9 38.8 8.0 20.0 35.0 36.0 7.0 30.0 6.0 15.0 25.0 5.9 14.8 5.0 20.0 5.1 4.8 4.7 11.5 4.0 10.0 10.2 15.0 3.0 10.0 2.0 5.0 5.0
Slide 12: CountPlus Financial Track Record – Group Results
2022 Half-Year Results Overview CountPlus Financial Track Record – Group Results Adjusted EPS (cents)) Adjusted NPATA – $’M Adjusted NPAT attributable to Shareholders - $’M 4.00 7.0 4.5 4.0 3.50 3.66 6.0 6.2 4.1 3.5 3.00 3.08 5.0 5.4 3.4 3.0 2.50 4.0 2.5 2.00 2.24 3.8 2.5 3.5 3.5 2.0 3.0 1.73 1.9 1.
Slide 13: CountPlus Financial Track Record – Core Accounting Firms Overview
2022 Half-Year Results Overview CountPlus Financial Track Record – Core Accounting Firms Overview Aggregate Core Accounting Firms EBITA - $’M Core Accounting Firms Margin - % Core Accounting Firms Debtor Lock Up - Days) 16.0 25 120 15.2 14.0 22 * 100 13.6 20 12.0 20 20 97 12.3 18 89 80 10.0 80 81 10
Slide 14: CountPlus Financial Track Record – Financial Advice Overview
2022 Half-Year Results Overview CountPlus Financial Track Record – Financial Advice Overview Financial Advice Adjusted EBITA – $’M Financial Advice Adviser GBE - $’M Financial Advice Advisers - Numbers 1.8 45.0 300 1.6 40.0 284 1.6 39.4 250 1.4 35.0 248 238 1.2 30.0 32.5 200 29.7 1.0 25.0 150 0.9 0.
Slide 15: Strategic overview
Strategic overview Vision, Purpose, Values, Strategic Drivers and Priority Outcomes Our Vision Our Values Strategic Drivers We will partner with leading firms and Bold and Courageous Clients Focus provide valued services to a professional We challenge the status quo. We deliver advice that secures f
Slide 16: Appendices
Appendices Appendices CountPlus ‘Quality Partnerships, Leading Advice 16
Slide 17: Appendix 1: CountPlus wholly-owned subsidiaries, partially owned subsidiaries and associates
Appendices Appendix 1: CountPlus wholly-owned subsidiaries, partially owned subsidiaries and associates Core Accounting Firms Shareholding Core Accounting Firms Shareholding No. No. Wholly-owned subsidiaries % Associates % 1. Addvantage Financial Freedom Pty Ltd 100.00 13. Southern Cross Business Ho
Slide 18: Thank You
CountPlus ‘Quality Partnerships, Leading Advice 18