Generation Development Group Limited · ASX:GDG
Generation Development — Shareholder Meeting (November 2022)
35 slides from Generation Development's shareholder meeting presentation, Nov 22, 2022
Slide 1: 2022 Annual General Meeting
For personal use only Generation Development Group | gendevelopmentgroup.com.au 2022 Annual General Meeting Presenters: The right partner for you: Rob Coombe Grant Hackett OAM Non-Executive Chairman Chief Executive Officer and Managing Director Generation Development Group Generation Life
Slide 2: Online attendees – Text question process
Online attendees – Text question process For personal use only 123-456-789 When the Question function is available, the messaging tab will appear at the top of the app Generation Development Group | gendevelopmentgroup.com.au To send in a question, click in the ‘Ask a question’ box, type your questi
Slide 3: Online attendees – Audio question process
Online attendees – Audio question process For personal use only To ask a question verbally please dial the number *Please ensure your webcast is muted before joining the call.* shown on the main information page. Enter your meeting ID followed by #. Generation Development Group | gendevelopmentgroup
Slide 4: Online attendees – Voting
Online attendees – Voting For personal use only 123-456-789 When open, the vote will be accessible by selecting the voting tab at the top of the screen Generation Development Group | gendevelopmentgroup.com.au To vote simply select the direction in which you would like to cast your vote. The selecte
Slide 5: Contents
Contents For personal use only Generation Development Group Generation Development Group Outlook 20 Chairman’s address 6 About Generation Development Group 7 Questions 21 FY22 highlights and key performance measures 8 Generation Development Group | gendevelopmentgroup.com.au FY22 Financial result su
Slide 6: Chairman's address
Chairman’s address For personal use only What we achieved this year Overview of the FY22 year that was Generation Development Group | gendevelopmentgroup.com.au Rob Coombe William Eric Bessemer Giselle Collins Looking ahead Non-Executive Chairman Non-Executive Director Independent Non-Executive Dire
Slide 7: About Generation Development Group
For personal use only Founded in 1991, Generation Development Group Limited is an ASX listed company that specialises in providing development capital to Generation Development Group | gendevelopmentgroup.com.au financial sector businesses. Investment Opportunities A trusted partner in providing sma
Slide 8: A transformational year
For personal use only A transformational year 2022 financial year $2,158m $639m $6.3m Generation Development Group | gendevelopmentgroup.com.au Funds Under Management Investment Bond Sales Underlying NPAT (Life/Admin business) Up 20% Up 58% Up 57% Lonsec Earnings $3,612m LifeIncome Underlying EBITDA
Slide 9: FY22 highlights and key performance measures
FY22 highlights and key performance measures For personal use only Generation Development Group Life Business FUM Life Product Sales Market Share APL’s Product Rating $2.16 billon $639 million 49% of annual market 546 Investment bonds Up 20% Up 58% inflows1 Up 8% Highly Recommended by Zenith & Lonse
Slide 10: FY22 Financial result summary
FY22 Financial result summary Generation Development Group For personal use only FY22 FY21 Change Change % Revenue* (A$'000) 35,254 26,043 9,211 35 Generation Development Group | gendevelopmentgroup.com.au Expenses* (A$'000) (28,912) (21,993) (6,919) (31) Underlying NPAT (A$'000) – Life/Admin busine
Slide 11: Forward thinking tomorrow for all generations
For personal use only Forward thinking tomorrow for all generations Outthinking today. Generation Development Group | gendevelopmentgroup.com.au
Slide 12: Momentum into FY23
Momentum into FY23 Generation Life September 2022 quarter For personal use only Annual Sales & Net Inflows ($millions) Closing Funds Under Management in September ($millions) $639 24% CAGR $2,229 Generation Development Group | gendevelopmentgroup.com.au $529 $1,954 $404 $1,363 $332 $314 $1,157 $254
Slide 13: Investment bonds: Innovation and implementation for continued growth
Investment bonds Innovation and implementation for continued growth For personal use only 10% 18 Tax Optimised strategies 12%-17% Average after-tax return uplift Expansion of investment menu 5 new strategies Expected average long-term Balanced fund effective tax rate for Tax Optimised 1.8% strategie
Slide 14: LifeIncome: Innovation and implementation for continued growth
LifeIncome For personal use only Innovation and implementation for continued growth Successful launch of APL presence and support 90% of sales New Online tools LifeIncome LifeBooster 5% selected Retirement Income Generation Development Group | gendevelopmentgroup.com.au Optimiser calculator and Quot
Slide 15: Technology: Innovation and implementation for continued growth
Technology For personal use only Innovation and implementation for continued growth Implemented several technology Delivery of new unit pricing, projects to improve scalability trading and settlement system Generation Development Group | gendevelopmentgroup.com.au Launch of new investor and Online d
Slide 16: Experts in investment research, consulting and managed accounts
For personal use only Experts in investment research, consulting and managed accounts Generation Development Group | gendevelopmentgroup.com.au
Slide 17: Investment in Lonsec Holdings
Investment in Lonsec Holdings For personal use only Company Overview One of Australia’s largest qualitative research firms whose research ratings are used worldwide Generation Development Group | gendevelopmentgroup.com.au 37% to 41% FY22 Revenue: $39.3 million* 3-year strategic growth plan Increase
Slide 18: Normalised Financial Results FY22 & FY21
Normalised Financial Results FY22 & FY21 Lonsec Group For personal use only Revenue ($'000) EBITDA ($'000) FY21 32,372 FY21 8,876 Generation Development Group | gendevelopmentgroup.com.au FY22 39,286 21% FY22 10,972 24% Gross Profit ($'000) NPAT ($'000) FY21 16,927 FY21 4,167 FY22 20,880 23% FY22 6,
Slide 19: Lonsec Investment Solutions
Lonsec Investment Solutions For personal use only Implemented Portfolios FUM included from August 2022 Closing FUM in $m 7,000 Generation Development Group | gendevelopmentgroup.com.au 6,000 5,000 4,000 3,000 2,000 1,000 - Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Lonsec
Slide 20: Generation Development Group outlook
For personal use only Generation Development Group outlook Generation Development Group | gendevelopmentgroup.com.au Continue to grow overall LifeIncome – Continue to Continuing to innovate our Focusing on execution sales throughout the year, build sales momentum and investment bond offering of Lons
Slide 21: Questions
For personal use only Questions Generation Development Group | gendevelopmentgroup.com.au
Slide 22: Financial Reports
For personal use only Financial Reports Generation Development Group | gendevelopmentgroup.com.au
Slide 23: Resolutions
For personal use only Resolutions Generation Development Group | gendevelopmentgroup.com.au
Slide 24: Resolution: Remuneration Report
For personal use only Resolution 1 Remuneration Report Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 61,581,566 104,141 18,366 29,900,012 99.80% 0.17% 0.03%
Slide 25: Resolution: Re-election of William Bessemer as a Director
For personal use only Resolution 2 Re-election of William Bessemer as a Director Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 85,553,677 1,959,632 4,018, 367 72,409 93.47% 2.14% 4.39%
Slide 26: Resolution: Approval of 10% Placement Facility
For personal use only Resolution 3 Approval of 10% Placement Facility Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 79,484,078 4,269,814 4,018,367 3,831,826 90.56% 4.86% 4.58%
Slide 27: Disclaimer
Outthinking today. For personal use only Disclaimer This presentation has been prepared by Generation Development Group Limited ABN 90 087 334 370 (GDG). GDG believes that the information in this presentation is accurate and reliable, but no warranties of accuracy, reliability or completeness are gi
Slide 28: Appendices
For personal use only Appendices Generation Development Group | gendevelopmentgroup.com.au
Slide 29: Key features of investment bonds
For personal use only Key features of investment bonds Generation Development Group | gendevelopmentgroup.com.au Max tax rate of 30% No distributions and access Tax paid after 10 years - tax to funds at anytime advantages pre 10 years 125% advantage Portability and tax-free No personal Capital Gains
Slide 30: Key uses of Investment Bonds
For personal use only 5 key uses of Investment Bonds Generation Life investment bonds are designed to provide tax-effective investment solutions to help secure a financial future across all generations. Generation Development Group | gendevelopmentgroup.com.au 1. 2. 3. 4. 5. Alternative to Estate pl
Slide 31: Our leading investment menu: Investment bonds
For personal use only Our leading investment menu Investment bonds Generation Development Group | gendevelopmentgroup.com.au At Generation Life, we offer a wide range of investment options to meet investment objectives. 64 investment options across all major asset classes 20 x Diversified 4x Propert
Slide 32: Our leading investment menu: LifeIncome
For personal use only Our leading investment menu LifeIncome A wide range of investment options to meet investment objectives. You can hold any combination at any time. Generation Development Group | gendevelopmentgroup.com.au 23 investment options across multiple styles 5x Single Sector Index funds
Slide 33: Generation Life Awards
For personal use only Generation Life Awards Highly recommended for over a decade Generation Development Group | gendevelopmentgroup.com.au The only provider in the market to hold a “Highly Recommended” rating with both Lonsec and Zenith Investment Partners for our Investment Bonds. Research ratings
Slide 34: Reconciliation of statutory profit to underlying earnings
Reconciliation of statutory profit to underlying earnings Generation Development Group For personal use only FY22 FY21 Change Change % Underlying net profit after tax (A$’000) – Life/Administration business 6,342 4,050 2,265 57 Investment in associates – share of profit (A$’000) 2,048 580 1,468 253
Slide 35: FUM Growth
FUM Growth Generation Development Group For personal use only FY22 FY21 Change Change % Generation Development Group | gendevelopmentgroup.com.au Opening FUM (A$’000) 1,792 1,295 497 38 Sales inflow (A$’000) 639 404 235 58 Investment performance (A$’000) (164) 184 (348) nm Exits (A$’000) (110) (91)
Generation Development Group — Shareholder Meeting (November 2022) on 6ix