Prime Financial Group Limited · ASX:PFG
Prime Financial — 1H2015 Earnings Presentation
14 slides from Prime Financial's earnings presentation, Feb 26, 2015
Slide 1: Half Year Results Presentation
Half Year Results Presentation For personal use only 26 February 2015 Helping Clients Protect Assets And Build Wealth
Slide 2: Structure Chart
Structure Chart For personal use only Prime Financial Group Ltd Wealth Management Accounting and SMSF Services Up to 50% Equity $1B+ FUM and over 4,000 clients 30+ Wealth Management Direct Entities jointly owned 10 Accounting/SMSF (100% Equity) with Accounting Firms Firms (50% Equity) Access to 40,0
Slide 3: 1H2015 Results Summary
1H2015 Results Summary For personal use only 1H2015 • EBIT DOWN 5% to $1.75M compared to 1H2014; • NPAT FLAT AT $1.16M compared to 1H2014; • EPS DOWN 4% to 0.79 CPS; • Interim Dividend FLAT at 0.40 CPS; • Overheads DOWN 4% (excluding interest) on 1H2014; • New FUM +$24.5M; • Lost FUM for 1H2015 of a
Slide 4: 1H2015 Results Summary - Segments
1H2015 Results Summary For personal use only 1H2015 – Wealth Management (WM) • 83% of Revenue; • Revenue DOWN 6% (including CEM Licensing Fees) compared to 1H2014; and • Revenue DOWN 9% (excluding CEM Licensing Fees) 1H2015 – Accounting & SMSF Services (AS) • 17% of Revenue; and • Revenue FLAT compa
Slide 5: Key Developments - Operational & Investment Focus 1H2015
Key Developments - Operational & Investment Focus 1H2015 For personal use only 1H2015 • Completion of funding structure for growth in Accounting and Wealth Management entities – PWM (Prime Accounting & Wealth Management Pty Ltd) • Continued investment in Accounting Firm & related Wealth Management e
Slide 6: Summary Half Year Results
Summary Half Year Results For personal use only Financial 1H14 1H15 % Change Earnings Before Interest & Tax (EBIT) ($M) 1.84 1.75 -5% Net Profit After Tax (NPAT) ($M) 1.16 1.16 0% Basic & Diluted Earnings (cents per share) 0.82 0.79 -4% Dividend Paid & Proposed (cents per share) 0.40 0.40 0% (fully
Slide 7: Summary Profit & Loss
Summary Profit & Loss For personal use only % Change 1H14 2H14 1H15 1H15 v 1H14 Wealth Management – New Business Revenue ($M) 1.34 0.93 1.01 -25% Wealth Management – Recurring Revenue ($M) 3.84 3.79 3.69 -4% Wealth Management – Licensing Revenue ($M) 0.20 0.30 0.35 +75% Total Wealth Management Reven
Slide 8: Wealth Management Revenue
Wealth Management Revenue For personal use only Wealth Management Wealth Management Revenue represents 83% of Prime’s Revenue % Change New Business Revenue 1H14 2H14 1H15 1H14 v 1H15 Investment Brokerage ($’000) 815 604 713 -13% New Issues & IPO’s ($’000) 230 115 51 -78% Asset Protection & Life Insu
Slide 9: Wealth Management Licensing Revenue
Wealth Management Revenue For personal use only Wealth Management Licensing Revenue % Change 1H14 2H14 1H15 1H14 v 1H15 Licensing Revenue ($’000) 200 300 350 75% Total ($’000) 200 300 350 75% Commentary The pipeline of Wealth Management only JV’s with Accounting Firms and combined Accounting Firm In
Slide 10: Key Metrics - FUM Net Inflows and Net Margin
Key Metrics – FUM Net Inflows and Net Margin For personal use only Funds Under Management (FUM) 1H14 2H14 1H15 • Opening FUM ($M) 1,098 1,077 1,058 • FUM - New ($M) 38.8 45.6 24.5 • FUM - Outflow ($M) (117.1) (32.9) (33.8) • Implied Market Movement 57.3 (31.7) (17.7) ($M) FUM – Net Inflow ($M) 21.0
Slide 11: Accounting and SMSF Services Investees
Accounting and SMSF Services Investees For personal use only Accounting and SMSF Services Revenue Prime’s now 10 Accounting and SMSF Investees represent 17% of Prime’s Revenue % Change 1H14 1H15 1H14 v 1H15 Accounting and SMSF Revenue ($M) 1.05 1.05 0% Total 1.05 1.05 0% Note - Prime’s Accounting an
Slide 12: Summary Balance Sheet
Summary Balance Sheet For personal use only 30/06/14 31/12/14 Current Assets Cash 0.3 0.2 Other current assets 4.4 3.7 Non Current Assets Receivables 4.0 4.6 Plant & Equipment 1.1 1.1 Investments 62.4 62.9 Total Assets 72.2 72.5 Current Liabilities Payables/Provisions 2.9 3.3 Borrowings - 8.0 Non Cu
Slide 13: FY2015 Focus
FY2015 Focus For personal use only FY2015 The plan for FY2015 is to continue to; • Build Prime’s presence by communicating the difference and distinct value Prime offers clients’ in all key markets. • Provide clients with an increasingly diversified advisory offering across asset classes. • Recruit:
Slide 14: Contact
Contact For personal use only Simon Madder Managing Director / CEO Prime Financial Group Ltd Level 17, Como Office Tower 644 Chapel Street South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 simonm@primefinancial.com.au