Hub24 Limited · ASX:HUB
Hub24 — Shareholder Meeting (November 2015)
19 slides from Hub24's shareholder meeting presentation, Nov 25, 2015
Slide 1: Annual General Meeting - Managing Director's Address
For personal use only Annual General Meeting Managing Director’s Address 25 November 2015
Slide 2: Overview
For personal use only Overview About HUB24 FY 15 Highlights Market Environment Industry Recognition FY15 Results Outlook Corporate Information 1
Slide 3: About HUB24
About HUB24 For personal use only HUB24 aspires to be the leading independent platform provider, revolutionising the way people manage their wealth Market leading Wrap & Managed Account Platform $2.23 billion Funds Under Administration (FUA) as at today Continuing investment in client driven t
Slide 4: What We Do
What We Do For personal use only HUB24 seeks to transform the Wealth Management market through: innovative investment administration portfolio management reporting and support services that deliver superior outcomes for advisers, licensees, investors and our shareholders. Our customers are f
Slide 5: Drivers of our success
Drivers of our success For personal use only HUB24 is disrupting the Australian wealth management industry.... Rapid and continual innovation enabling superior outcomes for advisers and clients One of the broadest and most functional Managed Portfolio and SMA platform in Australia Our unique,
Slide 6: FY15 Highlights
FY15 Highlights For personal use only Growth in active advisers of 139 to Increase in Positive FUA growth platform revenue of Operating 484 of 100% to 151% EBITDA* serving 49 active financial planning groups $1.7bn with increasing gross profit margins from March 2015 quarter with 6 white label now $
Slide 7: Market Environment
Market Environment For personal use only The personal investments market is expected to grow at a rate of 4.6% per annum in real terms (7.7% per annum in future dollars) over the next 15 years. The total personal investments market was $2,490 billion as at 30 June 2014. The superannuation market
Slide 8: Industry Awarded & Recognised
Industry Awarded & Recognised For personal use only Investment Trends recognition – Platform Benchmarking Report 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 /
Slide 9: Results Overview
Results Overview For personal use only … is delivering rapid … and strengthening Our focus … organic growth … financial results To be the leading independent 151% platform revenue platform provider 112 growth Revolutionise the way people Positive Operating EBITDA* manage their wealth 66 from March ’
Slide 10: FY15 Group Financial Results
FY15 Group Financial Results For personal use only FY14 FY15 Group Financial Results $m $m % change Acquisition of Paragem on 3 September 2014, FUA (now $2.23bn) $854 $1,704 100% contributing $20.23 million revenue for the Revenue – Platform 3.2 8.1 151% period FUA inflows of $797 million, an in
Slide 11: FY15 Platform Segment Results
FY15 Platform Segment Results For personal use only REVENUE GROSS PROFIT OPERATING EBITDA* $ millions $ millions $ millions 3.16 8.06 (0.20) 151% 1,993% 95% 3.21 FY14 FY15 (0.17) (3.68) FY14 FY15 FY14 FY15 Revenue growth driven by: Gross profit growth driven by: Operating EBITDA driven by: FUA inf
Slide 12: FY15 Platform Segment Results
FY15 Platform Segment Results For personal use only FY14 FY15 % Group financial results $m $m change Strong FUA inflows and increased transaction FUA (now $2.23bn) 854 1,704 100% activity delivered revenue at 63 basis points of FUA (from 52 basis points). Revenue 3.2 8.1 151% Direct Costs (3.4) (4
Slide 13: Platform Segment Results
Platform Segment Results For personal use only Qtr ended Qtr ended FY14 FY15 30 Sept 30 Sept Financial results $m $m % change 2014** 2015** % change FUA (now $2.23bn) 854 1,704 100% 1,031 1,979 92% Revenue 3.2 8.1 151% 1.3 3.2 146% Direct Costs (3.4) (4.9) 45% (1.1) (1.5) 36% Gross Profit (0.2) 3.2
Slide 14: 1QFY16 Platform Segment Results
1QFY16 Platform Segment Results For personal use only FUA BALANCE $ millions 2,400 1QFY16 2,000 $m Increase on PCP 1,600 FUA* (now $2.23bn) 1,979 92% 1,200 Net inflows 337 97% 800 Gross inflows 397 100% 400 Number of Advisers 522 36% ‐ June '12 Sept '12 Dec '12 Mar '13 June '13 Sept '13 Dec '13 Mar
Slide 15: Scale Efficiencies and Margin Expansion
Scale Efficiencies and Margin Expansion For personal use only Monthly gross profits Positive Operating emerged from EBITDA* from $ per Month 3QFY14 3QFY15 $1,000,000 Revenue Direct and operating expenses $500,000 Direct expenses $0 1H FY14 2H FY14 1H FY15 2H FY15 * Operating EBITDA represents revenu
Slide 16: FY15 Platform Segment Results
FY15 Platform Segment Results For personal use only REVENUE, GROSS PROFIT AND OPERATING EBITDA* TRENDS $ millions Revenue 6.0 Gross Profit 1.0 Gross Profit as a Operating EBITDA 5.0 % of FUA increasing from 20bps at 1HFY15 4.0 to 29bps at 2HFY16 0.0 3.0 2.0 (1.0) 1.0 0.0 (2.0) (1.0) (2.0) (3.0) (3.0
Slide 17: Outlook
Outlook For personal use only 1 Increasing FUA growth is expected to continue 1. Targeting over $3.0 billion FUA by December 2016 and $8-10 billion by end of the decade Maximising existing adviser and dealer relationships Ongoing business development for Financial planning groups Stockbrok
Slide 18: Corporate Information
Corporate Information For personal use only Capital Structure at 23 November ‘15 Balance Sheet as at 30 June ‘15 Shares on Issue 52.59m Cash and Cash Equivalents $ 12.11m Share Price $3.48 Other Current Assets $ 2.61m Market Capitalisation $183.01m Non-Current Assets $ 13.36m Tax Losses (currently n
Slide 19: Disclaimer
Disclaimer Summary information The material herein is a presentation of general background information For personal use only about HUB24 Limited’s (‘HUB’) activities current as at date of presentation. This information given in summary form does not purport to be complete and should be read in conju