Hub24 Limited · ASX:HUB

Hub24 — H1 2015 Earnings Presentation

17 slides from Hub24's earnings presentation, Feb 25, 2015

  1. Slide 1: Investor presentation 1HFY15 results

    For personal use only Investor presentation 1HFY15 results

  2. Slide 2: Overview

    For personal use only Overview  Who we are, what we do  Foundations of our success  1HFY15 results  Outlook  Corporate information 1

  3. Slide 3: Who we are

    Who we are For personal use only HUB24 is an independent financial services company focused on delivering superior investment, superannuation and advice solutions to independently- minded advisers and their clients  Market leading Wrap & Managed Account Platform  $1.4 billion Funds Under Administr

  4. Slide 4: What we do

    What we do For personal use only We develop, distribute and operate the HUB24 Investment and Superannuation platform  Our customers are financial advisers, accountants, stockbrokers and institutions  We allow financial advisory groups to white label the platform under their own brand  Very wide f

  5. Slide 5: Foundations of our success

    Foundations of our success For personal use only Market leading  Market leader for implemented SMAs and managed portfolios within a fully featured managed portfolio wrap account capability  Efficient implementation model for licensees and advisers allowing creation of new revenue streams  Support

  6. Slide 6: 1HFY15 results

    1HFY15 results For personal use only Our focus is delivering innovation, growth and financial results … Focus Results* Platform  Top 3 platforms** innovation  Award - Smartphone / tablet access**  Technology and product features  BRW innovation recognition  Increasing flows and FUA Growth  FUA

  7. Slide 7: Results – industry recognition

    1HFY15 results – industry recognition For personal use only Investment Trends recognition  HUB now ranked top-3 in the market amongst full function platforms according to Investment Trends* – ahead of traditional providers and up from fifth place 2013  Awarded Best Tablet / Smartphone Access for 2

  8. Slide 8: Results – platform growth statistics

    1HFY15 results – platform growth statistics For personal use only FUA BALANCE $ millions 1,400 1,300 1,200 1,100 1,000 Increase 900 800 1HFY15 Increase on on prior 700 600 $ millions PCP half 500 400 300 FUA* (now $1.4 bn) 1,251 102% 46% 200 100 Net inflows 361 116% 59% - Dec '12 Dec '13 Jun '14 Dec

  9. Slide 9: Group financial results

    1HFY15 group financial results For personal use only Inclusive of Paragem Pty Ltd from September 2014 Half year ended Half year ended 31 December 2014 31 December 2013 Key financial results $ millions $ millions % change FUA $1,251 $619 102% Revenue 11,168,712 1,383,969 707% Direct costs (9,454,275)

  10. Slide 10: Group financial results

    1HFY15 group financial results For personal use only REVENUE GROSS PROFIT OPERATING EBITDA* $ millions $ millions $ millions 11.17 1.71 660% 707% 660% (0.65) 49% 49% 1.38 -0.31 (1.89) 1H14 1H15 1H14 1H15 1H14 1H15 Revenue growth driven by: Gross profit growth driven by: Operating EBITDA driven by: 

  11. Slide 11: Platform financial results

    1HFY15 platform financial results For personal use only Continuing rapid increase in FUA is translating into significant revenue, gross profit and EBITDA improvements Half year ended Half year ended 31 December 31 December Platform – key financial 2014 2013 % results $ millions $ millions change FUA

  12. Slide 12: Scale efficiencies and margin expansion

    Scale efficiencies and margin expansion For personal use only Monthly gross Positive monthly $ per month profits emerged operating EBITDA* 1,000,000 from March 2014 expected in 2H15 900,000 800,000 Direct and operating expenses 700,000 Revenue 600,000 500,000 Direct expenses (including 400,000 direc

  13. Slide 13: Results – platform

    1HFY15 results – platform For personal use only GROSS PROFIT AND OPERATING EBITDA* TRENDS Gross Profit $ millions Operating EBITDA 1.0 0.0 (1.0) (2.0) (3.0) 1H13 2H13 1H14 2H14 1H15 * Operating EBITDA represents revenue less all operating expenses incurred in servicing the current FUA, it excludes g

  14. Slide 14: Results – Licensee

    1HFY15 results – Licensee For personal use only • Paragem has been a rapidly growing business 4 months to 4 months to over the past 5 years Licensee Services – 31 December 31 December key financial results 2014 2013* Variance • Revenue has increased by 23% over the prior Revenue 7,921,869 6,440,226

  15. Slide 15: Outlook

    Outlook For personal use only 1 FUA growth trend expected to continue 1.  Maximise existing adviser and dealer relationships  Ongoing business development including white labels for dealer groups, stockbrokers and accountants  Targeting over $3.0 billion FUA by December 2016 and $8-10 billion by

  16. Slide 16: Corporate

    Corporate For personal use only Capital structure at 24 February ‘15 Balance sheet as at 31 December ‘14 Shares on issue 47.06m Cash and cash equivalents $ 8.72m Share price $1.00 Other current assets $ 2.44m Market capitalisation $47.06m Non-current assets $ 13.36m Total assets $ 24.52m Current lia

  17. Slide 17: Disclaimer

    Disclaimer Summary information The material herein is a presentation of general background information For personal use only about HUB24 Limited’s (‘HUB’) activities. This information given in summary form does not purport to be complete and should be read in conjunction with previous ASX filings, H

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