Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2022)
30 slides from Prime Financial's shareholder meeting presentation, Nov 25, 2022
Slide 1: ASX Announcement: 2022 Annual General Meeting
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 25 November 2022 Prime Financial Group Ltd (Prime – ASX code PFG) 2022 Annual General Meeting In accordance with the requirements of the ASX Listing Rules, Prime Financial Group Ltd (ASX: PFG) is pleased to provide a copy of the presentat
Slide 2: Chairman's Address
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 25 November 2022 2022 Annual General Meeting Chairman’s Address Good morning Ladies and Gentlemen. On behalf of my fellow Directors, Mr Matt Murphy and Mr Tim Bennett, it gives me great pleasure to welcome you to this Hybrid 2022 Annual G
Slide 3: Chairman's Address (continued)
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 25 November 2022 As a group we will continue to aspire, innovate, and grow whilst focussing on our purpose of empowering our team and clients to achieve their aspirations through access to resources, advice, services and capital. We are a
Slide 4: AGM Presentation
Prime Financial Group Ltd (ASX:PFG) AGM Presentation Simon Madder – Chairman, Managing Director & CEO simonm@primefinancial.com.au 25 November 2022
Slide 5: Important Notice & Disclaimer
Important Notice & Disclaimer This investor presentation (Presentation) has been prepared by Prime Financial Group Limited Disclaimer (‘Prime’). No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and concl
Slide 6: Welcome
Welcome Directors Auditors EY Legal Advisors HFW Share Registry Computershare Investor Simon Madder Matt Murphy Tim Bennett Services Chairman, Managing Director Executive Director Executive Director & CEO AGM Presentation – 25 November 2022 03
Slide 7: Agenda
Agenda 01. 02. 03. Chairman’s Address - Simon Managing Director & CEO Business of the Meeting Madder Presentation – Simon Madder AGM Presentation – 25 November 2022 04
Slide 8: Online attendees voting process
Online attendees Voting process 01. Step 1 Shareholder View Proxyholder View Visit https://meetnow.global/MKQLSVF 02. Step 2 Enter Username (SRN or HIN) and Password (Postcode or Country Code). AGM Presentation – 25 November 2022 05
Slide 9: Online attendees voting process
Online attendees Voting process Items of Business 03. Step 3 2A Re-elect Mr Sam Sample as a Director When the poll is open, the vote will be FOR v AGAINST ABSTAIN accessible by selecting the voting icon at the top of the screen. 2B Re-elect Ms Jane Citizen as a Director To vote simply select the opt
Slide 10: Proxies received for Resolution 1: Remuneration Report
Proxies received for Resolution 1: Remuneration Report In favour Against Proxy’s discretion Abstention 61,829,860 3,396,433 383,282 159,250 (94.24%) (5.18%) (0.58%) * Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected proxies in favor of all the res
Slide 11: Proxies received for Resolution 2: Re-election of Mr Matt Murphy
Proxies received for Resolution 2: Re-election of Mr Matt Murphy In favour Against Proxy’s discretion Abstention 111,273,741 77,700 383,282 0 (99.59%) (0.07%) (0.34%) * Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected proxies in favor of all the r
Slide 12: Proxies received for Resolution 3: Performance Rights to Mr Simon Madder
Proxies received for Resolution 3: Issue of Performance Rights to Mr Simon Madder In favour Against Proxy’s discretion Abstention 61,496,157 3,655,386 383,282 46,199,898 (93.84%) (5.58%) (0.58%) * Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected p
Slide 13: Proxies received for Resolution 4: Performance Rights to Mr Tim Bennett
Proxies received for Resolution 4: Issue of Performance Rights to Mr Tim Bennett In favour Against Proxy’s discretion Abstention 61,496,157 3,655,386 383,282 46,199,898 (93.84%) (5.58%) (0.58%) * Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected pr
Slide 14: Proxies received for Resolution 5: Approval of Financial Assistance
Proxies received for Resolution 5: Approval of Financial Assistance In favour Against Proxy’s discretion Abstention 107,964,156 3,234,778 383,282 152,507 (96.76%) (2.90%) (0.34%) * Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected proxies in favor
Slide 15: Managing Director & CEO Presentation
Managing Director & CEO Presentation
Slide 16: Who we are
Who we are Purpose Our Operations BRISBANE Empowering you to achieve your Advisory & Capital Group with 130+ aspirations. team members primarily across Melbourne, Sydney and Brisbane. SYDNEY Our Services Continued focus on growing Melbourne, Integrated Accounting & Business Sydney and Brisbane for a
Slide 17: 2022 Highlights
2022 +15% to +18% to +14% to Highlights $7.8m $26.3m 1.93 cps Financial Performance Underlying EBITDA* Growth Revenue Growth Reported Earnings PFG’s (Prime) 2022 full year report Per Share (EPS) summarises our activities and performance for the financial year ended 30 June 2022. It provides a snapsh
Slide 18: Other Important Information
Other Important Information Team has grown by Organic and inorganic Full year dividends Share buyback ongoing 30%+ (flexible operating initiatives are increased by 57% in – 5m shares purchased structure) plus accelerating as part of FY22 – forecast to and approximately Melbourne office space Prime’s
Slide 19: Prime's 5 year Performance
Prime’s 5 year Performance • Positive momentum across all metrics 2022 2021 2020 2019 2018 Underlying EBITDA to members/shareholders ($,000’s)* 7,770 6,778 5,533 4,099 3,772 Reported Profit/(loss) after tax attributable to members/shareholders ($,000’s) 3,814 3,074 2,132 1,315 (1,135) Basic earnings
Slide 20: How we are growing
How we are growing ‘Our goal is to double group revenue over three years to $50 million (FY22: $26 million) through organic and inorganic activity’ 01. 02. 03. 04. Organically New Revenue New Service Lines Acquisitions (Across all 4 Service Lines - Contributors (Develop New Services (Like Intello -
Slide 21: Recent Announcements: Prime acquires 100% of Intello
Recent Announcements: Key transaction details October 2022 • Revenue of approximately $3.0 million per annum • Full year EBITDA contribution of $900,000 + (once fully integrated) Prime acquires 100% of Intello • Highly EPS accretive transaction providing strong earnings growth in FY23 and beyond • P
Slide 22: Recent Announcements: Completion of new Acquisition Facility
Recent Announcements: On 4 October 2022 October 2022 • Prime agreed a new $10.0 million financing facility with Westpac Banking Corporation (Westpac) Completion of new • The facility is to be used for future acquisitions, the first of which was Intello (announced on 4 October 2022 for $4.6 million)
Slide 23: Outlook & Update – FY23
Outlook & Update – FY23 Increased Earnings & Actively exploring Growth Increased Dividends - from 1.10cps Revenue Growth Opportunities (FY22) to 1.50cps (FY23) +36% • Revenue Growth 15%+ (confirmed) • Organic and inorganic initiatives are • Interim Dividend +40% to 0.70cps • Growth in Underlying EBI
Slide 24: Investment Case - Prime
Investment 01. 02. 03. Case - Prime Continued Growth in Earnings Profile & Maintain strong margins and Cashflow Recent highly EPS accretive transaction (Intello) Diversified Recurring Revenue 04. 05. 06. Opportunity for M&A, Buyback ongoing Growth in Professional utilising a scalable (commenced 1 Oc
Slide 25: Business of the meeting
Business of the meeting 01. Consideration of the Financial Statements Note: There is no requirement for the shareholders to approve these statements 02. Adoption of the Remuneration Report 03. Re-election of Director – Matt Murphy 04. Approval of issue of Performance Rights to Mr. Simon Madder 05. A
Slide 26: Business of the meeting
Business of The meeting Resolution 1 Resolution 2 Resolution 3 Remuneration Report Re-election of Director Issue of Performance Rights to (Mr Matt Murphy) Mr Simon Madder The second item on the agenda is the The third item on the agenda is the The fourth item on the agenda is the resolution concerni
Slide 27: Business of the meeting
Business of The meeting Resolution 4 Resolution 5 Issue of Performance Approval of Financial Rights to Mr Tim Bennett Assistance The fifth item on the agenda is the resolution concerning the The sixth item on the agenda is the resolution concerning the approval to issue Performance Rights to Mr Tim
Slide 28: Thank you
Thank you
Slide 29: Contact
Contact Simon Madder Chairman, Managing Director & CEO Prime Financial Group Ltd T (03) 9827 6999 E simonm@primefinancial.com.au W www.primefinancial.com.au Rory McLaughlin Group Financial Controller & Company Secretary T (03) 9827 6999 E rorym@primefinancial.com.au W www.primefinancial.com.au Ben P
Slide 30: primefinancial.com.au
@® PRIMEFINANCIAL.COM.AU f PRIMEFINANCIALGROUP in PRIMEFINANCIALGROUP
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