Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2017)
26 slides from Bell Financial's shareholder meeting presentation, Apr 19, 2017
Slide 1: AGM Presentation Materials
ASX RELEASE. 19 April 2017 Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 Via ASX Online AGM Presentation Materials We attach a copy of the presentation materials that will be addressed by the Executive Chairman and the Managing Director at Bell Financial Group Limited’s An
Slide 2: Executive Chairman's Address
BELL FINANCIAL GROUP ANNUAL GENERAL MEETING – 19 APRIL 2017 EXECUTIVE CHAIRMAN’S ADDRESS 2016 was a good year for the Company. All our business divisions achieved a profit for the fourth year in a row. Despite some challenges in the market, we maintained steady growth in terms of both revenue and pr
Slide 3: Executive Chairman's Address (continued)
While other firms are reducing their head counts, we have attracted a number of talented people because of our strong culture, excellent technology and a remuneration grid that is the same as it has always been. In this time of uncertainty all our advisers, both old and new, enjoy the stability of t
Slide 4: Managing Director's Address
BELL FINANCIAL GROUP ANNUAL GENERAL MEETING – 19 APRIL 2017 MANAGING DIRECTOR’S ADDRESS 2017 AGM MANAGING DIRECTOR’S ADDRESS Thank you Colin. Good morning ladies and gentlemen. [SLIDE 6] The first slide is simply a summary of the year and is largely self-explanatory with many of the points having al
Slide 5: Stand-alone businesses
[SLIDE 8] Last year I talked about some of our standalone businesses which are growth platforms, are increasingly profitable and for which we get little or no recognition in our share price. Portfolio Administration Service (PAS) PAS is our comprehensive wealth management service which incorporates
Slide 6: Investment
[SLIDE 9] Investment As I have said before we believe our ongoing investment in technology is critical for our continued success in an increasingly competitive market environment. In 2016 our development team added several enhancements and new features to our existing systems. The cost of this ongoi
Slide 7: Market Update
We are currently working on new strategy with Citi to provide sophisticated investors with superior access to Global Corporate Bond issues and Fixed Income markets. [SLIDE 10] Market Update As usual, very early in the year, we have only just completed our first quarter. However we have had a good st
Slide 8: Annual General Meeting 2017
ANNUAL GENERAL MEETING 2017 MANAGEMENT PRESENTATION 19 APRIL 2017 1
Slide 9: Colin Bell, Alastair Provan
COLIN BELL ALASTAIR PROVAN MANAGEMENT PRESENTATION 19 APRIL 2017 2
Slide 10: Introduction
2017 AGM | INTRODUCTION CLICK TO EDIT MASTER TITLE STYLE 1 Highlights: 2016 | 4 2 Market summary: 2016 | 5 3 2016 Summary | 6 4 2016 Divisional Performance | 7 5 Stand Alone Business Unit Contributions | 8 6 Technology | 9 7 Market Update | 10 8 Item 1: Reports | 11 9 Item 2: Election of directors |
Slide 11: Highlights: 2016
2017 AGM | HIGHLIGHTS CLICK TO EDIT MASTER TITLE STYLE HIGHLIGHTS: 2016 All business divisions were profitable Strong contributions from Retail Equities, Third Party Platform and Bell Potter Capital As a result of our strategic growth programme: We have 44 new advisers across Retail, Wholesa
Slide 12: Market Summary: 2016
2017 AGM | MARKET SUMMARY CLICK TO EDIT MASTER TITLE STYLE MARKET SUMMARY: 2016 First half of year marked by equity market declines and weak commodity prices Second half of year saw external shocks from Brexit referendum and US election Continuing low growth, low interest rate environment prov
Slide 13: 2016 Summary
2017 AGM | 2016 SUMMARY CLICK TO EDIT MASTER TITLE STYLE 2016 2015 % change Revenue $186.7m $177.8m 5% Profit after tax $16.4m $15.9m 3% Earnings per share 6.2cps 6.2cps - Dividend per share (fully franked) 5.5cps 4.5cps 22% Share Price (31 Dec.) 72.5c 57.5c 26% (i) PE Multiple 11.8 times 9.7 times
Slide 14: Divisional Performance: 2016
2017 AGM | DIVISIONAL PERFORMANCE CLICK TO EDIT MASTER TITLE STYLE DIVISIONAL PERFORMANCE: 2016 Retail – incorporating Full Service Retail Equities Wholesale – incorporating Institutional Equities and Equity Capital Markets 7
Slide 15: Stand Alone Business Unit Contributions
2017 AGM | STAND ALONE BUSINESS UNIT CONTRIBUTIONS CLICK TO EDIT MASTER TITLE STYLE 2016 2015 % change $m $m Portfolio Administration Services Revenue $13.6 $12.1 PBT $4.9 $4.2 17% Bell Potter Capital Revenue (Net) $7.8 $6.5 PBT $2.1 $1.4 59% Third Party Platform Revenue $12.4 $10.1 PBT $2.0 $1.2
Slide 16: Technology
2017 AGM | TECHNOLOGY CLICK TO EDIT MASTER TITLE STYLE TECHNOLOGY: Our investment in technology continues to give us a competitive advantage Scalable, cost-effective proprietary platforms enabled us to grow in key areas Our FUSION platform continues to drive profitability and performance Bac
Slide 17: Market Update
2017 AGM | MARKET UPDATE CLICK TO EDIT MASTER TITLE STYLE MARKET UPDATE: Unaudited first quarter revenue was $43m, 16% ahead on the preceding corresponding period (p.c.p.) $37m Unaudited first quarter profit before tax was $4.0m, well ahead on the p.c.p. ($1.9m) Conditions across all our busin
Slide 18: Reports for 2016
REPORTS FOR 2016 FINANCIAL REPORT DIRECTORS’ REPORT AUDITOR’S REPORT 11
Slide 19: Election of Directors
ELECTION OF DIRECTORS 12
Slide 20: Colin Bell: Re-election of Director
COLIN BELL RE-ELECTION OF DIRECTOR 13
Slide 21: Proxy Votes: Colin Bell
2017 AGM | PROXY VOTES CLICK TO EDIT MASTER TITLE STYLE RE-ELECTION OF DIRECTOR: COLIN BELL FOR AGAINST OPEN USABLE • 189,875,576 votes • 283,632 votes • 183,770 votes • 99.75% of votes • 0.15% of votes • 0.10% of votes 14
Slide 22: Craig Coleman: Re-election of Director
CRAIG COLEMAN RE-ELECTION OF DIRECTOR 15
Slide 23: Proxy Votes: Craig Coleman
2017 AGM | PROXY VOTES CLICK TO EDIT MASTER TITLE STYLE RE-ELECTION OF DIRECTOR: CRAIG COLEMAN FOR AGAINST OPEN USABLE • 189,132,094 votes • 490,464 votes • 183,770 votes • 99.64% of votes • 0.26% of votes • 0.10% of votes 16
Slide 24: Remuneration Report
REMUNERATION REPORT 17
Slide 25: Proxy Votes: Remuneration Report
2017 AGM | PROXY VOTES CLICK TO EDIT MASTER TITLE STYLE ADOPTION OF THE REMUNERATION REPORT FOR AGAINST OPEN USABLE • 183,941,144 votes • 545,447 votes • 123,770 votes • 99.63% of votes • 0.30% of votes • 0.07% of votes 18
Slide 26: Bell Financial Group
BELL FINANCIAL GROUP www.bellfg.com.au ACN 083 194 763 19
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