Centrepoint Alliance Limited · ASX:CAF
Centrepoint Alliance — H1 FY2013 Earnings Presentation
14 slides from Centrepoint Alliance's earnings presentation, Mar 7, 2013
Slide 1: 6 Months to December 31 2012
For personal use only 6 Months to December 31 2012 Tony Robinson 1
Slide 2: Snapshot
31 December 2012 For personal use only Snapshot • All businesses traded well and profitably • Solid operating cash flows • Reported loss due to increased claims provision • Singapore and Malaysia sold • Wealth business now benefiting from improved investment markets • Funding business (Premium Fundi
Slide 3: Snapshot
31 December 2012 For personal use only Snapshot • Immediate challenges: − regulatory demands − extra claims provision 3
Slide 4: Half year results by division
31 December 2012 For personal use only 31 December 2012 ($m) PCP Advice Invest CPF Other Group p Group p (Int. and Corp.) Revenue 15.0 3.1 7.8 3.2 29.1 33.3 Pre-tax 1.8 1.2 1.9 (6.6) (1.7) 0.6 Tax (0.7) (0.4) (0.6) 2.0 0.3 (1.4) Minorities - - - - - (0.5) NPAT 1.1 0.8 1.3 (4.6) (1.4) (1.3) Underlyin
Slide 5: Balance Sheet Overview
31 December 2012 For personal use only Balance Sheet Overview $m $m 31 Dec 2012 30 Jun 2012 Cash 12.5 14.6 Trade and Other receivables 14.9 24.5 Interest bearing receivables 123.8 96.3 Intangibles g 7.0 8.0 Deferred Tax Asset 7.2 7.3 Other 15.1 8.0 180 5 180.5 158 7 158.7 Trade Payables 35.7 41.2 In
Slide 6: Cash Flow Overview (6 months)
31 December 2012 For personal use only Cash Flow Overview (6 months) $m $m 31 Dec 2012 30 Dec 2011 Cash from operations 9.1 5.8 Claims (6.8) (7.7) Other (0.3) - Net cash from operations 2.0 (1.9) Purchase of businesses - (1.6) Sale of businesses and acquired / disposed cash - 4.9 Change in Borrowing
Slide 7: Group Activities
31 December 2012 For personal use only Group Activities CAF CAF CPW WEALTH FUNDING FINANCIAL PREMIUM ADVICE PRODUCTS FUNDING INVESTMENT PIS AAP PLATFORM PRODUCT 7
Slide 8: Centrepoint Wealth
31 December 2012 For personal use only Centrepoint Wealth • Professional Investment Services (PIS) • Continuing change program • Impact of market now positive • Recruiting of new advisors now a core focus • IInvesting ti in i bbusiness i over nextt 12 months th tto adjust dj t tto FoFA F FA and d li
Slide 9: Centrepoint Wealth
31 December 2012 For personal use only Centrepoint Wealth • Associated Advisory Practices Ltd (AAP) • Solid growth prospects • Increasing level of service demand and so increasing value as underlying clients adjust to post FoFA environment Key Numbers 31 Dec 2012 31 Dec 2011 Number of Practices 173
Slide 10: Centrepoint Wealth
31 December 2012 For personal use only Centrepoint Wealth • Funds Management • Starting to see positive funds growth from net flows • Looking at additional product opportunities • Platforms (IDL) • E Established t bli h d reseller ll arrangements t exist i t with ith key k players l (BT (BT, MLC, On
Slide 11: Premium Funding
31 December 2012 For personal use only Premium Funding • Solid relationship with NAB as key partner • Re-growing g g market share – industry y merger g expected p to assist • Strong focus on improving net interest margins • K Key is i controlling t lli credit dit quality lit ((credit dit assessmentt
Slide 12: Centrepoint – Key non trading issues
31 December 2012 For personal use only Centrepoint – Key non trading issues • Enforceable E f bl UUndertaking d ki • Completed in April 2012 but expecting ongoing monitoring in conj nction with conjunction ith Independent E Expert pert gi given en earl early stage of change when EU report submitted
Slide 13: Outlook
31 December 2012 For personal use only Outlook • Still S ill iin rebuilding b ildi phase h with i h PIS b but moving i to regrowth h phase h • All other Wealth business units in growth • Premium Funding business experiencing strong growth • Tail of p past with claims from advice p pre 30 June 2010 s
Slide 14: Thank You
For personal use only O THANK YOU 14
Centrepoint Alliance — H1 FY2013 Earnings Presentation on 6ix