Teaminvest Private Group Ltd · ASX:TIP
Teaminvest Private — Shareholder Meeting (October 2021)
30 slides from Teaminvest Private's shareholder meeting presentation, Oct 22, 2021
Slide 1: AGM Presentation – FY21
For personal use only AGM Presentation – FY21 Teaminvest Private Group Limited (ASX: TIP) 22 October 2021 1
Slide 2: TIP Group
TIP GROUP An ASX listed private equity firm focussed on the transfer of knowledge between generations. For personal use only UNIQUE NOBLE PURPOSE FY21 HIGHLIGHTS INVESTMENT THESIS & PHILOSOPHY Noble purpose: Transferring knowledge between ▪ Our value-investment strategy is based on the work of ▪ Rec
Slide 3: FY21 Overview
FY21 OVERVIEW A year of resilience and record operating profits. Items of note OVERVIEW For personal use only 1 Record Segment Revenue of $144.6m (up 5%). ▪ Eight wholly-owned and three partially owned Portfolio Companies. − Split across two divisions: Engineering and Services 2 Record Segment EBITD
Slide 4: Segment Results
SEGMENT RESULTS FY21 saw a second consecutive record operating result for the Group. Segment revenue ($m) Segment EBITDA ($m) For personal use only 6.8 5.9 78.1 69.7 69.6 64.1 59.6 3.8 3.6 7.7 7.9 67.9 4.6 66.0 66.5 61.6 3.6 57.7 1.5 (0.7) FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Engineerin
Slide 5: Engineering
ENGINEERING Despite the issues at Coastal Energy, Engineering remained resilient in the face of COVID challenges. Portfolio Companies Segment revenue ($m) For personal use only CAGR (FY17 - FY21) = 3.6% Icon Metal designs, engineers, fabricates and installs architectural metalwork, miscellaneous met
Slide 6: Services
SERVICES Services saw continued growth throughout FY21. Segment revenue ($m) Services For personal use only CAGR (FY17 - FY21) = 7.0% East Coast Traffic Control provides traffic management services to government, local 78.1 council and corporate clients in Queensland. 69.7 69.6 64.1 59.6 Teaminvest
Slide 7: Group History
For personal use only GROUP HISTORY May 2019 May 2019 FY22 goals: TIP listed on FGA was 1. Establish a Group Treasury function and the ASX. created. banking facilities; Corporate Jan 2012 Aug 2019 Nov 2019 Oct 2020 Events TIP was founded. TIPIS was TSABA was TIP Residential 2. Establish a group proc
Slide 8: Financial Position
FINANCIAL POSITION BALANCE SHEET COMMENTARY For personal use only ▪ Net assets grew 21.4% to $98.6m as at 30 June 2021. − Equivalent to $0.76 per share. ▪ Net cash of $10.2m as at 30 June 2021. − Equivalent to 7.8c per share. ▪ Net Tangible Asset (NTA) grew by 0.66c to 29.08c per share cents as at 3
Slide 9: Statutory Financial Performance
STATUTORY FINANCIAL PERFORMANCE COMMENTARY For personal use only Full year revenue ▪ Record Statutory Revenue $61.05M* ▪ Whilst Statutory NPAT was down due to abnormals, Operating NPAT was a record high of $6.9m. Full year EBITDA ▪ Had we owned Automation Group and Teaminvest for the entirety of FY2
Slide 10: 1Q22 Results
1Q22 RESULTS Resilience and growth continued despite restrictions. SEGMENT REVENUE ($m) SEGMENT EBITDA ($m) For personal use only 144.6 135.7 137.5 14.7 125.7 13.6 117.3 78.1 6.8 69.7 69.6 5.9 64.1 59.6 8.4 7.2 3.8 3.6 40.0 4.4 7.7 7.9 61.6 66.0 67.9 66.5 2.0 57.7 21.9 0.8 4.6 3.6 18.1 2.4 1.5 (0.7)
Slide 11: Q&A
For personal use only Q&A Other useful information follows for those reading online
Slide 12: Key Management Personnel: The Board of Directors
KEY MANAGEMENT PERSONNEL: THE BOARD OF DIRECTORS Experienced senior leadership allows TIP Group to deliver its noble purpose and continue to accelerate growth. Management Title Profile For personal use only Malcolm Jones Independent Malcolm has experience in managing large organisations. He has held
Slide 13: Key Management Personnel: The Board of Directors (Cont'd)
KEY MANAGEMENT PERSONNEL: THE BOARD OF DIRECTORS (CONT’D) Management Title Profile VOTING MEMBERS For personal use only Regan Passlow Non-Executive Regan has worked as an executive director for 40 years for both national and multi-national companies. His focus has been primarily on strategic busines
Slide 14: Corporate Governance: Operating Structure
CORPORATE GOVERNANCE: OPERATING STRUCTURE The Strategy Committee is charged with monitoring the performance of the boards of each Portfolio Company. STRATEGY COMMITTEE For personal use only TIP Group’s Board of ▪ The Strategy Committee (SC) of TIP is charged with three functions: Directors — Monitor
Slide 15: Strategy Committee Members
STRATEGY COMMITTEE MEMBERS Name Profile For personal use only Ian Kadish Ian has extensive public company board and executive experience as CEO and Managing Director of ASX listed Integral Diagnostics Limited, CEO and Managing Director of Independent Non-Executive Director ASX listed Pulse Health Gr
Slide 16: Strategy Committee Members (Cont'd)
STRATEGY COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Malcolm Jones Malcolm has experience in managing large organisations. He has held positions as a member of the Group Management board of Zurich Financial Services in Switzerland, Independent Non-Executive Chair CEO of Zurich Fina
Slide 17: Corporate Governance: Investment Process
CORPORATE GOVERNANCE: INVESTMENT PROCESS The Investment Committee is a critical part of the investment process. For personal use only INVESTMENT COMMITTEE ▪ The Investment Committee of TIP is charged with two functions: — The initial analysis of new investment opportunities prior to a SMaRT: The IC
Slide 18: Investment Committee Members
INVESTMENT COMMITTEE MEMBERS Name Profile For personal use only Regan Passlow Regan has worked as an executive director for 40 years for both national and multi-national companies. His focus has been primarily on strategic business development, Non-Executive Director administration and back office s
Slide 19: Investment Committee Members (Cont'd)
INVESTMENT COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Sanjay Gandhi Sanjay Gandhi is the Deputy Chief Financial Officer of TIP. He is responsible for overseeing all divisional finance functions, preparing monthly reports for all Portfolio Deputy CFO Companies and employing and str
Slide 20: Initial Analysis
INITIAL ANALYSIS Only the most promising of opportunities proceed to the Investment Committee stage. For personal use only 1. Initial analysis INITIAL ANALYSIS Further analysis by the 2. Investment Committee ▪ Potential investments must meet the following qualification criteria: — have a minimum fou
Slide 21: Further Analysis by the Investment Committee
FURTHER ANALYSIS BY THE INVESTMENT COMMITTEE For personal use only 1. Initial analysis FURTHER ANALYSIS BY THE INVESTMENT COMMITTEE Further analysis by the 2. Investment Committee ▪ Although the Board retains ultimate decision making authority on any acquisition, it has delegated the following dutie
Slide 22: SMaRT Meeting
SMaRT MEETING The SMaRT is an opportunity for Selected Shareholders to discuss the potential investment. For personal use only 1. Initial analysis SMaRT MEETING Further analysis by the 2. Investment Committee ▪ The SMaRT meeting is a full day opportunity for Selected Shareholders to discuss the pote
Slide 23: Due Diligence
DUE DILLIGENCE The two stages of the due diligence process allow TIP to asses the existence of commercial benefits, followed by any legal, tax and accounting issues. For personal use only 1. Initial analysis DUE DILLIGENCE Further analysis by the 2. Investment Committee The due diligence process inv
Slide 24: Ongoing Oversight Post Investment
ONGOING OVERSIGHT POST INVESTMENT For personal use only 1. Initial analysis ONGOING OVERSIGHT POST INVESTMENT Further analysis by the 2. Investment Committee ▪ The ongoing management of our investments is handled: — on a day to day basis, in respect of business operations, by the management team of
Slide 25: Corporate Governance: Risk & Compliance
CORPORATE GOVERNANCE: RISK & COMPLIANCE The Risk & Compliance Committee exists to continuously review TIP’s risk and compliance framework. RISK & COMPLIANCE COMMITTEE For personal use only ▪ The Risk & Compliance Committee (RCC) of TIP exists to continuously review the risk and compliance framework
Slide 26: Risk & Compliance Committee Members
RISK & COMPLIANCE COMMITTEE MEMBERS Name Profile For personal use only Dean Robinson Dean Robinson is the CFO of the Company. He is responsible for overseeing financial strategy and operations including sourcing, structuring and overseeing investments Chair of the RCC and general management. Prior t
Slide 27: Risk & Compliance Committee Members (Cont'd)
RISK & COMPLIANCE COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Suzanne Kerwan Suzanne is an executive, business leader and non-executive director with over 30 years experience leading business growth in international, local, large and small Selected Shareholder businesses. She has l
Slide 28: TIP Group's Risks Register: Top Three Risks: Descriptions
TIP GROUPS RISKS REGISTER: TIP’S TOP THREE RISKS: DESCRIPTIONS Descriptions For personal use only 6. 3. 1. Market Risk Legal, Key Person Risk Key Person Risk Regulatory, and TIP’s business is reliant upon the provision of services by its Board, TIP’s executives and Portfolio Compliance risk Company
Slide 29: TIP Group's Risks Register: Top Three Risks: Controls
TIP GROUPS RISKS REGISTER: TIP’S TOP THREE RISKS: CONTROLS Controls For personal use only 6. 3. 1. Market Risk Legal, Key Person Risk Key Person Risk Regulatory, and ▪ TIP’s noble purpose to transfer knowledge between generations allows future leaders to learn from Compliance risk current leaders; e
Slide 30: Teaminvest Private Group Limited contact details
For personal use only Teaminvest Private Group Limited Level 3, 80 Mount Street North Sydney NSW 2060 Telephone: (02) 9955 9540 Website: www.teaminvestprivate.com.au 30
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