Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2023)
29 slides from Prime Financial's shareholder meeting presentation, Nov 30, 2023
Slide 1: 2023 Annual General Meeting
30 November 2023 2023 Annual General Meeting In accordance with the requirements of the ASX Listing Rules, Prime Financial Group Ltd (ASX:PFG) is pleased to provide a copy of the presentation to be given by Prime’s Chairman and Managing Director/CEO, Mr Simon Madder, at the Company’s Annual General
Slide 2: Chairman's Address
2023 Annual General Meeting Chairman’s Address Good morning Ladies and Gentlemen. On behalf of my fellow Directors, Mr. Matt Murphy and Mr. Tim Bennett, it gives me great pleasure to welcome you to this hybrid 2023 Annual General Meeting of Prime Financial Group Limited. My name is Simon Madder, and
Slide 3: Investment Offering and the acquisition of Intello
Investment Offering and the acquisition of market-leading B2B Self-Managed Superannuation Fund (SMSF) Administrator, Intello. The acquisition of Intello, Prime’s first in six years, accelerates the enhancement of our capabilities across SMSF and through the acquisition, we gained a complementary and
Slide 4: Chairman's Address (continued)
this whilst reinforcing our flexible and respectful team operating model that includes and encourages ownership in Prime. The current economic environment and the impact for business is not without risk, risks will continue to emerge, but we are confident that our culture, financial strength, and op
Slide 5: AGM Presentation
AGM Presentation Prime Financial Group Ltd (ASX:PFG)
Slide 6: Important Notice & Disclaimer
Important Notice & Disclaimer This investor presentation (Presentation) has been prepared by Prime Financial Disclaimer Group Limited (‘Prime’). No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and Summa
Slide 7: Directors
Directors Simon Madder Tim Bennett Matt Murphy Chief Executive Officer, Managing Director & Executive Director Executive Director Chairman Prime Financial Group AGM Presentation 3
Slide 8: Agenda
Agenda 01. 02. 03. Chairman’s Address – Simon Madder Managing Director & CEO Presentation – Simon Business of the Meeting Madder Prime Financial Group AGM Presentation 4
Slide 9: Online attendees voting process
Online attendees voting process Step 1. Visit https://meetnow.global/MMTUT2W Step 2. Enter Username (SRN or HIN) and select your country. If Australia, also enter your post code Prime Financial Group AGM Presentation 5
Slide 10: Online attendees voting process
Online attendees voting process Step 3. When the poll is open, select the ‘Vote’ icon and the voting options will appear on your screen. To vote, select your voting direction. A tick will appear to confirm receipt of your vote. Prime Financial Group AGM Presentation 6
Slide 11: Proxies received for Resolution 1: Remuneration Report
Proxies received for Resolution 1: Remuneration Report In favour Against Proxy’s discretion Abstention 39,254,835 3,756,896 353,364 2,686,851 (90.53%) (8.66%) (0.81%) Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected proxies in favour of all the re
Slide 12: Proxies received for Resolution 2: Re-election of Tim Bennett
Proxies received for Resolution 2: Re-election of Tim Bennett In favour Against Proxy’s discretion Abstention 87,453,397 324,787 393,364 346,296 (99.18%) (0.37%) (0.45%) Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected proxies in favour of all the
Slide 13: Proxies received for Resolution 3: Performance Rights to Simon Madder
Proxies received for Resolution 3: Approval of issue of Performance Rights to Simon Madder In favour Against Proxy’s discretion Abstention 41,823,492 3,835,090 393,364 36,337,327 (90.82%) (8.33%) (0.85%) Includes open proxies directed to the Chairman. The Chairman intends to vote all available undir
Slide 14: Proxies received for Resolution 4: Performance Rights to Tim Bennett
Proxies received for Resolution 4: Approval of issue of Performance Rights to Tim Bennett In favour Against Proxy’s discretion Abstention 41,477,196 4,181,386 393,364 0 (90.07%) (9.08%) (0.85%) Includes open proxies directed to the Chairman. The Chairman intends to vote all available undirected prox
Slide 15: Proxies received for Resolution 5: Shares in lieu to Tim Bennett
Proxies received for Resolution 5: Approval of issue of shares in lieu of Performance Rights to Tim Bennett In favour Against Proxy’s discretion Abstention 41,477,196 4,181,386 393,364 0 (90.07%) (9.08%) (0.85%) Includes open proxies directed to the Chairman. The Chairman intends to vote all availab
Slide 16: Proxies received for Resolution 6: Shares in lieu to Matt Murphy
Proxies received for Resolution 6: Approval of issue of shares in lieu of Performance Rights to Matt Murphy In favour Against Proxy’s discretion Abstention 41,477,985 4,180,597 393,364 0 (90.07%) (9.08%) (0.85%) Includes open proxies directed to the Chairman. The Chairman intends to vote all availab
Slide 17: Managing Director and CEO's Presentation
Managing Director and CEO’s Presentation Prime Financial Group AGM Presentation Prime Financial Group Full Year FY23 Presentation 13
Slide 18: About Us
About Us Prime is a market leading Advice, Capital & Asset Management Group. We provide Wealth Management, Capital & Corporate Finance, Accounting & Business Advisory and SMSF services, giving our clients an integrated solution to their financial needs. We believe in uncapped opportunities and are c
Slide 19: A Track Record of Delivering Value
A Track Record of Delivering Value FY19 FY20 FY21 FY22 FY23 CAGR** Underlying EBITDA to members/shareholders ($000’s)* 4,099 5,533 6,778 7,770 8,619 20% Reported profit/(loss) after tax attributable to members/shareholders 1.3 2.1 3.1 3.8 4.4 36% ($M) Basic earnings per share (cents) 0.77 1.21 1.69
Slide 20: Financial Highlights: FY23 – Delivering to Plan
Financial Highlights: FY23 – Delivering to Plan +28% to +11% to 26% $33.7M $8.6M Underlying EBITDA EBITDA Margin Revenue (members/shareholders) +15% +36% 1.1 x Underlying 2.22 cps 1.50 cps EBITDA to Net Debt Ratio Reported Earnings Per Full year dividend up $9.47M Share (EPS) Prime Financial Group A
Slide 21: Our Growth Ambitions
Our Growth Ambitions Our goal is to double revenue from $26M in FY22 to $50M in FY25 And then double revenue again to $100M within 3-5 years $120 M X2 Organic Growth 3-5 Years Organic growth realised across all service lines $100 M • Wealth Management • Capital & Corporate Advisory $80 M X2 • Accoun
Slide 22: Strategy for Growth
Strategy for Growth 1. Topline Growth 2.New Margin Expansion 3. Balance Sheet Strength Revenue • Organic growth in existing service lines and • Contributors Efficiencies driven by centralised operations • Accretive acquisition strategy new services and a shared services model • Funding capability to
Slide 23: Our Commitment to Impact
Our Commitment to Impact As we accelerate our growth, we do so with a commitment to impactful corporate citizenship, and the planet in mind, all contributing to creating a just world today and for generations to come. We will do this by working with our people, partners, clients and the communities
Slide 24: Our Commitment to Ownership
Our Commitment to Ownership Our people are our biggest asset • Currently 45% of our company is owned by the team 45% • We encourage our staff to have an ‘ownership’ mentality and to work collaboratively, enabling them to help co-create the firm of the future Staff & Associates Shareholders • We do t
Slide 25: Outlook and Update FY24 - Continuing to Deliver Results
Outlook and Update FY24 - Continuing to Deliver Results 1 2 3 4 Strong Organic Delivering Scale FY24 Growth Complementary Efficiencies to Driving Growth Acquisitions Drive Earnings in Revenue, Earnings & Dividends • Organic growth to be • Funding capability • Investment in team • Revenue +15-20% dri
Slide 26: Business of the Meeting
Business of the Meeting 01 Consideration of the Financial Statements Note: There is no requirement for shareholders to approve these statements 02 Adoption of the Remuneration Report 03 Re-Election of Tim Bennett 04 Approval of issue of Performance Rights to Simon Madder 05 Approval of issue of Perf
Slide 27: Business of the Meeting
Business of the Meeting Resolution 1: Resolution 2: Resolution 3: Approval of issue of Remuneration Report Re-Election of Tim Bennett Performance Rights to Simon New Madder Revenue The second item on the agenda is the Contributors The third item on the agenda is the The fourth item on the agenda is
Slide 28: Business of the Meeting
Business of the Meeting Resolution 4: Approval of Issue of Resolution 5: Resolution 6: Approval of Issue of Performance Rights to Tim Bennett Approval of Issue of shares in lieu of shares in lieu of Performance Performance New Rights to Tim Bennett Rights to Matt Murphy Revenue The fifth item on the
Slide 29: Contact
CONTACT Simon Madder Ben Priestley Eric Kuret CEO, Managing Director & Chairman Head of Finance & Investor Relations Automic Markets Prime Financial Group Ltd Prime Financial Group Ltd T (03) 9827 6999 T (03) 9827 6999 T (61) 417 311 335 E simonm@primefinancial.com.au E benp@primefinancial.com.au E
Prime Financial Group — Shareholder Meeting (November 2023) on 6ix