Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — FY2024 Earnings Presentation
18 slides from Compagnie Financiere Tradition Sa's earnings presentation, Mar 21, 2025
Slide 1: FY 2024 Results Presentation
H1 2023 FY 2024 RESULTS RESULTS PRESENTATION PRESENTATION 1 SEPTEMBER 2023 21 March 2025 Lausanne Lausanne
Slide 2: Summary of CFT's FY 2024 key financial metrics
Summary of CFT’s FY 2024 key financial metrics Solid growth continues, building on previous two years of strong momentum Variations in constant currencies +11.0% +19.7% +23.2% CHF 1,133m CHF 177m CHF 152m Revenue* EBITDA* Operating profit* Productivity up 9.2% Margin: 15.6% Margin: 13.4% +27.0% +17.
Slide 3: FY2024 confirming once more the longer term track record
FY2024 confirming once more the longer term track record Continuous creation of long term value through growth, profitability and cash conversion 2015 - 2024 – Consolidated revenue, shareholders’ equity and net cash (including share of JVs) Focus on organic growth and sound 1 financial position: 1.2
Slide 4: Revenue up 11.0% in constant currencies; EBITDA up 19.7%
Revenue including share of joint ventures up 11.0% in constant currencies EBITDA (including share of JVs) increase by 19.7% to 176.5m for a margin of 15.6% +11.0% +10.4% +19.7% +23.2% +23.2% +21.6% +26.6% +27.0% 1 132,8 1 053,9 1 051,6 1 028,6 982,4 947,4 2024 margin 2023 margin 2022 margin 15.6% 13
Slide 5: Growth in both IDB and retail businesses in constant currencies
Growth in both IDB and retail businesses in constant currencies Acceleration in the second half with respectively +12.5% and +44.8% for IDB and retail Reported revenue and revenue including share of JV Revenue including share of JV by business M CHF Joint ventures (IDB) +10.7% M CHF 1 097,8 Subsidia
Slide 6: Diversified revenue portfolio by geography and asset class
Diversified revenue portfolio both in terms of geographies and asset classes Positive revenue development trend reflected in all regions Breakdown by region in 2024 United Asia Pacific; Kingdom; 25% 30% Continental Americas; Europe; 12% 33% Trend by region Non IDB APAC Americas CE UK 3% 3% 3% 24% 22
Slide 7: Diversified revenue portfolio: wholesale revenue by product
Diversified revenue portfolio both in terms of geographies and asset classes Strong improvement in Energy and Commodities products Currencies and Securities and Energy and rates security derivatives Commodities Retail FX Breakdown by product in 2024 Non IDB; 3% • Interest rate • Government • Oil • G
Slide 8: EBITDA up 19.7% to CHF 176.5m including share of joint ventures
EBITDA up 19.7% to CHF 176.5m including share of joint ventures Improved average annualized productivity up 9.2% to CHF 876’000 per individual EBITDA including share of JVs IDB headcount trend (Variation at constant rates) 2.410 2.454 margin 2.329 IDB Non IDB +19.7% 15.6% M CHF 14.4% 14.1% 176,5 1.5
Slide 9: Gaitame.com: Revenue growth of 22.6% with EBITDA margin at 55%
Gaitame.com : Revenue growth of 22.6% with EBITDA margin increasing to 55% Acquisition on Money Partners Group in Japan completed in December 2024 Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation a
Slide 10: Net profit – Group share up 27.0% to CHF 115.6m
Net profit – Group share up 27.0% to CHF 115.6m Net interest income rose by CHF 2.0m as excess cash was more actively invested, while FX results improved by CHF 4.6m year-on-year; Improvement in effective tax rate at 24% Net profit – Group share M CHF FY 2024 FY 2023 Change Change at at current cons
Slide 11: Solid financial situation with strong cash position and tangible equity
Solid financial situation with strong cash position and tangible shareholders’ equity New bond issue of CHF 100m in October ahead of CHF 130m bond maturing July 2025 Assets Equity and Liabilities M CHF 31.12.2024 31.12.2023 M CHF 31.12.2024 31.12.2023 Property, Plant & Equipment 16.6 17.2 Capital 20
Slide 12: Shareholders' equity and net cash position of CHF 305m
Shareholders’ equity of CHF 555m before deduction of own shares; Net cash position of CHF 305m1) Gross cash amount to CHF 512m; Gross debt / EBITDA ratio2) incl JV ~1.5x (excluding gross cash and gross debt from early refinancing of the July 2025 bond) Shareholders’ equity breakdown Net cash positio
Slide 13: Number of shares
At 31 December 2024, CFT owns 415’057 treasury shares or ~5.1% of share capital of which 108’757 arise from the share buyback program at a cumulative cost of CHF 15.4m 7’677’328 shares outstanding after deduction of treasury shares Treasury shares breakdown % of total share capital outstanding 5.1%
Slide 14: Consistent dividend policy
Consistent dividend policy Cumulative dividends of CHF 51.25 paid during the last 10 years period 2015 to 2024 excluding distribution of treasury shares Dividend distribution trend 2015 to 2024 in CHF 6,75 6,0 5,5 5,0 5,0 5,0 5,0 5,0 Dividend 4,5 in CHF 3,5 2015 2016* 2017 2018* 2019* 2020* 2021* 20
Slide 15: CFT's track record of delivering return for shareholders
CFT’s track record of delivering return for shareholders, a demonstration of the Group’s DNA, long term vision and ambition A total return of 18.6% p.a. with dividends reinvested in shares since 1 January 1997 Total Return Analysis (TRA) - 1/1/1997 and 20/3/2025 15 Source: Bloomberg
Slide 16: CFT, a Swiss group ranked amongst the top 3 worldwide in its sector
CFT, a Swiss group ranked amongst the top 3 worldwide in its sector Roadmap based on growth initiatives, operational performance and quality of balance sheet Track record of agility to cope with market cycles and structural trends 1 Positive impact from the evolution of central banks’ policies and o
Slide 17: Events calendar
Events calendar: Tuesday 25 March 2025 (after market close) Publication of the Annual Report 2024 Thursday 1 May 2025 Publication of consolidated revenue for the first quarter 2025 (before the opening of the stock exchange) Tuesday 22 May 2025 Annual General Meeting Thursday 7 August 2025 Publicatio
Slide 18: Q & A Thank you!
= Compagnie Financiére Tradition Compagnie Financiere Tradition SA ll, rue de Langallerie, CH 1003 Lausanne T.: +41 21343 52 87 F.: +41 21343 55 00 Q&A Thank you!
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