Generation Development Group Limited · ASX:GDG
Generation Development — Shareholder Meeting (November 2019)
17 slides from Generation Development's shareholder meeting presentation, Nov 14, 2019
Slide 1: 2019 Annual General Meeting
For personal use only Generation Development Group 2019 Annual General Meeting Presenters: Rob Coombe Grant Hackett OAM Terence Wong Executive Chairman Chief Executive Officer Chief Financial Officer
Slide 2: A compelling shareholder value building model
Generation Development Group A compelling shareholder value building model For personal use only Generation Development Group | gendevelopmentgroup.com.au Generation Development Group (ASX:GDG) is a licenced Pooled Development Fund (PDF) owning a recurring revenue producing life/investment income wi
Slide 3: FY-19 Financial Result Summary
FY-19 Financial Result Summary Generation Development Group For personal use only FY19 FY18 Change Change % Revenue* (A$'000) 12,085 10,001 2,084 21 Expenses* (A$'000) (13,085) (11,536) (1,549) 13 Generation Development Group | gendevelopmentgroup.com.au Income Tax Benefit (A$'000) 3,250 3,053 197 6
Slide 4: Generation Life Highlights & Key Performance Measures (FY-19)
FY-19 Generation Life | Highlights & Key Performance Measures For personal use only Generation Development Group | gendevelopmentgroup.com.au Life Business FUM Life Product Sales Market share* APL’s Product rating $1,073 m $224 m 32% (rolling 12 month avg) 357 Highly Recommended Zenith Up 21% Down 2
Slide 5: Generation Life Highlights & Key Performance Measures (FY-20 Q1)
FY-20 Q1 Generation Life | Highlights & Key Performance Measures For personal use only Generation Development Group | gendevelopmentgroup.com.au Life Business FUM Life Product Sales Active Financial Advisers New Bond Numbers Saving Plans $1,157 m $88 m 1,012 1,926 $7 m Up 24% Up 69% Up 29% Up 51% Up
Slide 6: No.1 in inflows
No.1 in inflows Generation Life - Rising from 5th to 2nd in total FUM For personal use only 35% $ 5,000 m 30% $ 4,000 m 25% Generation Development Group | gendevelopmentgroup.com.au Market share - inflows $ 3,000 m 20% Total FUM 15% $ 2,000 m 10% $ 1,000 m 5% 0% $0m Gene ration Life Australian Unity
Slide 7: Product innovation: Leading the way on after tax returns
Product innovation Generation Life | Leading the way on after tax returns For personal use only Why haven’t fund managers focused on this? Generation Development Group | gendevelopmentgroup.com.au ┼ Remunerated on pre tax performance ┼ Can’t manage portfolio for multiple investor marginal tax rates
Slide 8: Product Innovation: Tax Effective Australian Share Fund
Product Innovation Generation Life | Tax Effective Australian Share Fund For personal use only Effective tax rate 9% – 11% Estimated tax rate paid p.a.* Generation Development Group | gendevelopmentgroup.com.au Long only Australian equity Managed exclusively through exposure Generation Life Index pl
Slide 9: Increasing your after tax returns
Increasing your after tax returns Net of fees For personal use only 30% Franking credits Generation Development Group | gendevelopmentgroup.com.au 21% • Tax offset (capital loss & income) • Mandate structure • Tax parcelling (utilising best cost base) • Portfolio trading (i.e. 45 day rule) 9 - 11% I
Slide 10: For personal use only
For personal use only Generation Development Group | gendevelopmentgroup.com.au
Slide 11: Achievements to date: Ascalon Capital
Achievements to date Ascalon Capital For personal use only Acquisition completed on 8th February 2019 on highly favourable investment terms ┼ Risk free with no equity investment required from shareholders ┼ Initial acquisition delivered more than $4m in cash and equivalent to GDG Generation Developm
Slide 12: High Calibre Team & Key Milestones
High Calibre Team & Key Milestones For personal use only Chuak Chan What has been achieved CIO and Executive Chairman ┼ Over 30 years asset management experience Reviewed or met 85 investment managers Hong Kong SFC Type 1 & Type 9 approvals since Feb 2019 - located in Hong Kong, (Asset Management &
Slide 13: Outlook
Outlook Generation Development Group For personal use only Record start to FY20 with Q1 sales the highest in history, supported with a strong pipeline Generation Development Group | gendevelopmentgroup.com.au New products including a range of tax effective funds Focus on launching new Ascalon Fund –
Slide 14: Appendices
For personal use only Appendices Generation Development Group | gendevelopmentgroup.com.au
Slide 15: Reconciliation of statutory profit to underlying earnings
Reconciliation of statutory profit to underlying earnings For personal use only FY19 FY18 Change Change % Underlying net profit after tax (A$’000) 2,250 1,518 732 48 Ascalon (net) operating costs (1,150) - (1,150) nm Deferred tax on carry-forward losses (A$’000) 891 1,517 (626) (41) Generation Devel
Slide 16: FUM Growth
FUM Growth For personal use only Generation Development Group | gendevelopmentgroup.com.au Q1-20 Q1-19 FY-19 FY-18 $'m $'m Change $'m $'m Change Opening FUM 1,073 887 185 887 720 167 Sales inflow 88 52 36 224 228 -4 Investment performance 17 12 4 48 35 13 Exits -21 -17 -4 -87 -96 9 Closing FUM 1,157
Slide 17: Thank you
For personal use only Outthinking today. Thank you Performance disclosure Generation Development Group | gendevelopmentgroup.com.au Illustrative performance returns for the fund do not represent actual performance. The performance information presented in the above chart represents back-tested perfo
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