Prime Financial Group Limited · ASX:PFG
Prime Financial — FY2010 Earnings Presentation
11 slides from Prime Financial's earnings presentation, Aug 20, 2010
Slide 1: Full-Year Results Presentation 2010
Full-Year Results Presentation 2010 For personal use only 20 August 2010 National Financial Services & Advisory Group
Slide 2: Overview
Summary For personal use only Overview National Financial Services & Advisory Group Financial Planning (FP), Self Managed Super (SMS) & Accounting Services (AS) - FP & SMS contribute approx 80% + (Currently 81%) - AS contributes approx 20% (Currently 19%) Financial Planning & Self Managed Super
Slide 3: Financial Summary
Summary For personal use only Financial FY10 NPAT up 34% to $3.66M compared to normalised FY09 FY10 EBIT up 26% to $5.36M compared to normalised FY09 Final dividend of 0.75cps, equates to full year dividend of 1.5cps (66% payout ratio) FY10 operating margin of 43% compared to 36% in FY09 F
Slide 4: Structure Chart
For personal use only Structure Chart
Slide 5: Financial Information
Financial Information For personal use only Financials (2007, 2008, 2009, 2010) % 2007 2008 2009 2010 Change Earnings before interest & tax (EBIT) ($M)* 6.53 7.41 4.24 5.36 +26% Net profit after tax ($M)* 5.12 6.14 2.74 3.66 +34% Dividend paid & proposed ($M) 3.11 3.80 0 2.44 N/A Basic earnings (cen
Slide 6: Profit & Loss
Summary Profit & Loss For personal use only FY09 FY10 % Change Financial Planning – New Business 3.00 3.31 + 10% Revenue Financial Planning – Recurring Income 6.40 7.35 + 15% Total Financial Planning Revenue 9.40 10.66 + 13% Accounting Services 2.50 2.53 + 1% Gross Financial Planning & Accounting 11
Slide 7: Balance Sheet
Summary Balance Sheet For personal use only 30/06/2010 30/06/2009 Current Assets Cash 1.4 3.2 Other current assets 4.9 4.6 Non Current Assets Receivables 1.8 1.9 Plant & Equipment 0.9 0.6 Investments 68.8 68.3 Total Assets 77.8 78.6 Current Liabilities Payables/Provisions 3.1 1.9 Borrowings 1.3 9.1
Slide 8: Proposed Changes To The Financial Services Industry
Proposed Changes To The Financial Services Industry For personal use only Proposed changes will not materially impact Prime or its current business model For 80%+ of Prime's FUM, clients remunerate Prime directly, not as a commission from a fund manager or product supplier The changes will be
Slide 9: Strategy
Strategy For personal use only Financial Planning (FP) & Self Managed Super (SMS) Build New Financial Planning FUM & New Clients - Promote ‘One Stop Shop' offering for FP & SMS through Accounting Firms (Wholesale) - Source new offerings for prospective clients (Wholesale) - Integrate AS & SMS Inve
Slide 10: Longer Term Targets
Longer Term Targets For personal use only Target $1.5B - $2.0B FUM - $2.0B FUM = operating margin of circa 60% (Currently 43%) Build New Financial Planning FUM by $80.0M - $100.0M + (Annually) Maintain Gross FP FUM Margin at 1.00% (approx) Improve Dollar Contribution from Accounting Services
Slide 11: Contact
Contact For personal use only Simon Madder Managing Director / CEO Prime Financial Group Ltd Level 17, Como Office Tower 644 Chapel Street South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 simonm@primefinancial.com.au