Slide 1: FY23 Full-Year Financial Results Presentation
FY23 Full-Year Financial Results Presentation Full Year Results to 30 September 2023 Hancock & Gore Ltd (ASX: HNG)
Slide 2: Important Notices
IMPORTANT NOTICES Not investment advice The information contained in this presentation is not investment or financial product advice (nor tax, accounting or legal advice) nor is it a recommendation to acquire securities in HNG. This presentation does not and will not form any part of any contract fo
Slide 3: Performance Highlights for the Full-Year Ended 30 September 2023
PERFORMANCE HIGHLIGHTS FOR THE FULL-YEAR ENDED 30 September 2023 $8.2m NET PROFIT AFTER TAX 26.7% TOTAL SHAREHOLDER RETURN 31% FUM GROWTH (ON FY22) $68.5m NTA VALUE 18% OF NTA IN CASH & LISTED SECURITIES 1.5c FULLY FRANKED DIVIDEND DECLARED
Slide 4: FY23 Highlights
FY23 HIGHLIGHTS • FY23 $8.2m NPAT up 46% driven by Mountcastle’s continued growth & strong dividend, interest and funds management income • Acquisition of additional 40.3% interest in Mountcastle(1) and binding agreement to move to 100% ownership including scrip rollover of key executives(2) • Steve
Slide 5: Achievements to Date
ACHIEVEMENTS TO DATE Total Shareholder Return since 2020 Recapitalisation of ~50% p.a. Mountcastle Sold more than Acquired funds strategic $50m of total management repositioning, board investments, Establishment of capability with restructure and M&A crystallising returns new management c.$10m in FU
Slide 6: H&G Strategy & Key Investment Pillars
H&G STRATEGY & KEY INVESTMENT PILLARS Hancock & Gore exists to deliver superior investment returns for shareholders in excess of 15% p.a. through different investment offerings Operating Businesses Strategic Capital Funds Management • Medium to long term high • Active private and listed strategic •
Slide 7: Operating Business Pillar – Mountcastle
OPERATING BUSINESS PILLAR – MOUNTCASTLE FY23 Mountcastle (MTC) Achievements HNG’s Active Role in Building a Scalable Platform • Delivered $53m revenue and $10m EBITDA • Repositioned through strategic board direction • Increased holding in to 89%(1) and binding agreement • Refresh of senior leadershi
Slide 8: Move to 100% Ownership of Mountcastle
MOVE TO 100% OWNERSHIP OF MOUNTCASTLE About the Deal • Binding agreement to buyout minorities to reach 100% ownership(1) • Continued alignment with Steve Doyle and Brad Aurisch swapping Mountcastle shareholding for HNG scrip at $0.35/share • Steve Doyle and Brad Aurisch to continue as Chairman and C
Slide 9: FY23 Income Statement & Balance Sheet
FY23 INCOME STATEMENT & BALANCE SHEET ($m) FY23 FY22 Movement ($m) Sep 23 Sep 22 Movement Revenue from continuing Cash $5.6m $13.5m ($7.9m) operations $6.9m $4.4m $2.4m Listed Investments $11.9m $11.2m $0.7m Fair Value Gains/(Losses) $5.8m $5.9m ($0.0m) Unlisted Investments $41.9m $32.7m $9.2m Other
Slide 10: Mr. Sandy Beard, Executive Chairman
MR. SANDY BEARD EXECUTIVE CHAIRMAN 0412 308 263 www.hancockandgore.com.au