Bell Financial Group Limited · ASX:BFG
Bell Financial — FY2021 Earnings Presentation
23 slides from Bell Financial's earnings presentation, Feb 16, 2022
Slide 1: Bell Financial Group 2021 Full Year Results
BELL FINANCIAL GROUP (ASX:BFG) 2021 FULL YEAR RESULTS Australian owned. We provide full service and online broking, capital markets and financial advisory services to private, institutional and corporate clients. We are a developer of proprietary technology, platforms, products and services for the
Slide 2: Contents
CONTENTS 1 Key Highlights 3 2 Group Financial Summary – FY 2021 5 3 Corporate Structure 9 4 Strategy 17 5 Bell Financial Group 20
Slide 3: Key Highlights
KEY HIGHLIGHTS BELL FINANCIAL GROUP
Slide 4: Key Highlights
KEY HIGHLIGHTS REVENUE PROFIT AFTER TAX FUNDS UNDER ADVICE $292.1m $44.1m $75.9b 2.4% decrease on 2020 5.5% decrease on 2020 18.8% increase on 2020 EARNINGS PER SHARE DIVIDEND PER SHARE RETURN ON EQUITY 13.8¢ share 11.0¢ share 26.4% 5.5% decrease on 2020 4.8% increase on 2021 9% decrease on 2020 ─ F
Slide 5: Group Financial Summary FY 2021
GROUP FINANCIAL SUMMARY FY 2021
Slide 6: Group Financial Summary
GROUP FINANCIAL SUMMARY Long term growth in Revenue, Profit after Tax, Earnings per Share and Dividends. Page 6
Slide 7: Group Financial Summary (cont.)
GROUP FINANCIAL SUMMARY (CONT.) We have a solid cash-backed balance sheet with no core operating debt EBITDA Margin BFG Share Price Movement January 2017 – December 2021 28% CAGR 24% +8.9% (5-YR) 23.4% 22.6% 20% 19.3% 16% 17.3% 16.1% 12% 2017 2018 2019 2020 2021 Return on Equity Balance Sheet As at
Slide 8: Group Funds Under Advice (FUA) as at 31 December 2021
GROUP FINANCIAL SUMMARY (CONT.) GROUP FUNDS UNDER ADVICE (FUA) AS AT 31 DECEMBER 2021 Funds Under Advice ($B) CHESS Sponsored Holdings ($B) Portfolio Administration Services (PAS) ($B) 19% increase on 2020 20% increase on 2020 7% increase on 2020 80 CAGR 4.5 +13.0% (5-YR) 69.0 70 CAGR + 9.2% (5-YR)
Slide 9: Corporate Structure
CORPORATE STRUCTURE BELL FINANCIAL GROUP
Slide 10: Corporate Structure
CORPORATE STRUCTURE BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL • Retail Equities Six distinct business units operate within Third Party Platform: • Bell Potter Portfolio Lending (Domestic & International) • Bell Financial Trust • Institutional Equities 1. Private Clien
Slide 11: Broking – Retail & Institutional
BROKING – RETAIL & INSTITUTIONAL • Brokerage from our Institutional and Retail desks was $104.4m for the year, relatively consistent with 2020. • $104.4 million in Equity Capital Markets (ECM) and Syndication fee income, down 4.2% on the p.c.p. • Successfully executed 101 transactions across 2021, r
Slide 12: Equity Capital Markets and Syndication
BROKING – RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Page 12
Slide 13: Equity Capital Markets and Syndication
BROKING – RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Page 13
Slide 14: Equity Capital Markets and Syndication
BROKING – RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Page 14
Slide 15: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period. • $27.8 million in Revenue. • $4.8 million Profit After Tax. • $32.4 billion in Sponsored Holdings. • 234,000 client accounts. Page 15
Slide 16: Products & Services
PRODUCTS & SERVICES Revenue ($M) Profit After Tax ($M) • $39.8 million in Revenue. 45.0 • $10.5 million Profit After Tax. CAGR +8.2% (5-YR) • $534 million loan book at 31 40.0 39.9 December 2021. 35.0 37.2 • $481 million client funds at call 35.0 at 31 December 2021. 30.0 31.3 29.1 25.0 20.0 2017 20
Slide 17: Strategy
STRATEGY BELL FINANCIAL GROUP
Slide 18: Growth Through Investment in Proprietary Technology, Platforms, Products & Services
GROWTH THROUGH INVESTMENT IN PROPRIETARY TECHNOLOGY, PLATFORMS, PRODUCTS & SERVICES • We have a consistent strategy. Growth through our broking and capital markets businesses augmented by investment in leading edge technology through the continuous development of proprietary systems and platforms an
Slide 19: Investment in Growing Revenue Streams
INVESTMENT IN GROWING REVENUE STREAMS Investment in proprietary technology, platforms and our products and services and is key to our ongoing business development. The result is more efficient and better outcomes for our staff and clients. • Revenues of $67.7 million, a 10.1% increase on the p.c.p.,
Slide 20: Bell Financial Group
BELL FINANCIAL GROUP BELL FINANCIAL GROUP
Slide 21: Bell Financial Group
BELL FINANCIAL GROUP Bell Financial Group is a leading Australian financial services business. LONDON NEW YORK HONG KONG KUALA LUMPUR ▪ 13 offices across Australia plus offices in London, New York, Hong Kong AUSTRALIA and Kuala Lumpur 1970 2001 2003 2007 2008 2012 2018 2020 Bell Acquired Acquired Li
Slide 22: Bell Financial Group Board and Senior Management
BELL FINANCIAL GROUP • Professional board with deep industry understanding. • A deliberately flat management structure that is experienced, stable and has a substantial shareholding in the business. BELL FINANCIAL GROUP BOARD Alastair Provan Graham Cubbin Brian Wilson AO Christine Feldmanis Executiv
Slide 23: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as