Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Investor Presentation (February 2021)
18 slides from Euroz Hartleys's investor presentation, February 2021
Slide 1: Investor Presentation February 2021
INVESTOR PRESENTATION February 2021
Slide 2: Disclaimer and Disclosure
Disclaimer and Disclosure Euroz Limited (EZL) and its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to the accuracy,
Slide 3: Western Australia's Leading Financial Services Company
Western Australia’s Leading Financial Services Company 1 Combined capability and earnings leverage of WA’s two most successful broking firms 2 Strategically located in the global resources hub of Western Australia 3 Increased focus on growing and diversifying revenue streams 4 Strong balance sheet p
Slide 4: Our Strategy
Our Strategy ▪ Continue to grow Western Australia’s leading financial services OUR VISION business ▪ Building long term relationships and trust with our clients by OUR PURPOSE delivering consistently good outcomes ▪ Our clients and our staff are our greatest assets ▪ Develop a deep understanding of
Slide 5: Strong 1H FY21 Performance
Strong 1H FY21 Performance • Excellent profitability and cash generation for the first half of the 2021 financial year • Successful completion of landmark transaction with Hartleys Limited • Leverage to improving WA economy and commodity prices REVENUE1 NPAT1,4 DIVIDEND PER SHARE1,3 $48M 81% HY20 $2
Slide 6: Corporate Overview – Euroz Limited
Corporate Overview – Euroz Limited CAPITAL STRUCTURE A$1.44 195.5M A$282M A$148M Nil $134M Share price (19 Feb 21) Shares on issue Market Capitalisation Cash & Investments1 Debt Enterprise Value2 HISTORICAL SHARE PRICE OWNERSHIP $2.00 1.5 $1.75 18% Directors $1.50 32% 1.0 Staff $1.25 Vol. (M) Instit
Slide 7: Euroz Limited Group
Euroz Limited Group Western Australia’s leading financial services company WEALTH STOCKBROKING, CORPORATE FUNDS MANAGEMENT FINANCE AND PRIVATE WEALTH MANAGEMENT 7
Slide 8: Euroz Hartleys
Euroz Hartleys Combined capability and earnings leverage of WA’s two most successful broking firms Largest Broking Firm in Western Australia CAPITAL RAISED STAFF Significant Global & Domestic Distribution Capability ~$918M 1 171 +127 Stocks Under Research 1H FY21 Corporate Finance Research Instituti
Slide 9: Euroz Hartleys
Euroz Hartleys REVENUE1 126% $43M ON 1H20 FUM1 377% $1.8B ON 1H20 ▪ Strong first half performance ▪ Merger completed and integration progressing smoothly ▪ Strong equity capital market (“ECM”) raisings and brokerage revenues driving underlying cashflow and profitability ▪ $918m in announced gross EC
Slide 10: Entrust Wealth Management
REVENUE1 • 17 year track record 7.5% • Combines its deep knowledge of managed discretionary $3.7M ON 1H20 advice, financial planning and portfolio management with its portfolio administration service to create a comprehensive wealth management solution for each FUM1 6.2% individual client $1.06B ON
Slide 11: Westoz Funds Management
REVENUE1 • WFM manages portfolios of Australian equities on 1.1% behalf of two listed investment companies: $1.25M ON 1H20 1. 2. Westoz Investment Company Limited (WIC) Ozgrowth Limited (OZG) FUM1 • WIC and OZG have contributed $44.7m in dividend 19% income to Euroz Limited since inception $293M ON
Slide 12: Growing and Diverse Revenue Streams
Growing and Diverse Revenue Streams Increasing contribution of recurring revenue • $3.16B1,2 in FUM in Funds and Wealth Management and growing Equity Incentive Fees 3% • Continued focus on growing FUM – increase of +$1.36B1 through merger with Hartleys Limited 26% • Increased scale provides material
Slide 13: Consistent Dividend History
Consistent Dividend History Increasing base dividend levels through growth in recurring revenue streams while maintaining traditional transaction strengths • Paid $240m dividends over 41 consecutive half year periods • Average dividend of 8.5 cents / year over past decade1 • Average dividend yield o
Slide 14: Western Australian Economic Rebound
Western Australian Economic Rebound • Economic growth strengthening: better than expected consumer spending and business investment • Business and consumer confidence at 10 year highs • Housing market strong: rising prices; Government stimulus; record low vacancy rate; and, growing rents • State Fin
Slide 15: Balance Sheet
Balance Sheet • Strong balance sheet with zero debt1 • Enterprise value currently $145m - $153m Cost1 Market1 Look through value1 Westoz $39m $42m $45m Ozgrowth $28m $32m $37m Other investments $10m $18m $18m Cash $56m $56m $56m Total $133m $148m $156m Market Capitalisation $282m $282m (A$1.44/share
Slide 16: Euroz Charitable Foundation
Euroz Charitable Foundation • Established in 2006 to provide support to worthy charities within our broader community • Donated over $2m to over 100 individual charities in 14 years • Staff encouraged to provide their time to support charities in and around their local community The Euroz Charitable
Slide 17: Investment Highlights
Investment Highlights 1 2 3 Euroz Hartleys now the largest Established platform for Operational synergies from broking firm in Western diversified and recurring Hartleys merger start in May Australia revenue streams 2021 4 5 6 Targeting organic FUM growth Strong balance sheet FY21 off to strong star
Slide 18: Thank You
Thank You Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia