Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2013)
25 slides from Bell Financial's shareholder meeting presentation, Apr 18, 2013
Slide 1: 2013 Annual General Meeting
ASX RELEASE. 18 April 2013 2013 Annual General Meeting Please find attached the presentation materials that will be addressed by the Chairman and Managing Director of Bell Financial Group Ltd at the Annual General Meeting today. Paul Vine Company Secretary
Slide 2: Annual General Meeting
ANNUAL GENERAL MEETING 18 April 2013
Slide 3: Colin Bell
ANNUAL GENERAL MEETING Colin Bell
Slide 4: Alastair Provan
ANNUAL GENERAL MEETING Alastair Provan
Slide 5: Results Summary FY2012
RESULTS SUMMARY FY2012 2012 2011 % Change Equities Execution Revenue $74.2m $91.5m (19%) Equities Capital Markets $18.0m $26.9m (33%) Revenue Futures & FX Revenue $9.5m $7.3 30% Margin Lending Revenue $13.4m $16.0m (16%) PAS & Trail Revenue $13.3m $14.1m (6%) Other $3.9m ($0.3m) Total Revenues $132.
Slide 6: 2012 Business Highlights
2012 BUSINESS HIGHLIGHTS Profitable every month since July A new Wholesale Desk established in Hong Kong Margin lending and cash business performed solidly Futures and Foreign Exchange business grew strongly Bell Direct Balance Sheet remains solid with $49 million NTA ANNUAL GENERAL MEET
Slide 7: Update – First Quarter 2013
UPDATE – FIRST QUARTER 2013 Volume and Market Share improvement Funds under Advice exceeded $25 billion in February, nearing all time highs, a 16% increase since year end All wholly owned business units trading profitably Bell Direct traded profitably for the first time in February ANNUAL GE
Slide 8: Bell Potter Securities Equity Issuance 2013 YTD
BELL POTTER SECURITIES EQUITY ISSUANCE 2013 YTD Deal Market No Pos. Deal Bookrunner Value Share Deals ($m) (%) • Bell ranked 2nd in number of deals 1 UBS 4 1,698.4 50.5 completed, and 3rd in terms of overall 2 Macquarie Group 4 448.3 13.3 market share of first quarter Equity 3 Bell Financial Group L
Slide 9: Results Summary (Unaudited) – First Quarter 2013
RESULTS SUMMARY (UNAUDITED) – FIRST QUARTER 2013 1st Quarter 2013 2013 2012 % Change Equities Execution Revenue $24.4m $20.0m 22% Equities Capital Markets $6.2m $4.1m 51% Revenue Futures & Foreign Exchange $2.3m $2.2m 5% Revenue Other $6.5m $7.1m (8%) Total Revenues $39.4m $33.4m 18% Profit before t
Slide 10: Ordinary Business
ANNUAL GENERAL MEETING Ordinary Business BFG reports for year ended 31 December 2012
Slide 11: Resolution – Election of Directors
ANNUAL GENERAL MEETING Resolution 1 Election of Directors
Slide 12: Mr Graham Cubbin
RESOLUTION 1(a) ELECTION OF DIRECTORS Mr Graham Cubbin ANNUAL GENERAL MEETING Page 11
Slide 13: Mr Graham Cubbin – Proxy Votes
RESOLUTION 1(a) ELECTION OF DIRECTORS Mr Graham Cubbin FOR: 143,086,320 AGAINST: 46,646 OPEN: 1,609,968 Open in favour of the Chairman: 590,468 ANNUAL GENERAL MEETING Page 12
Slide 14: Mrs Brenda Shanahan
RESOLUTION 1(b) ELECTION OF DIRECTORS Mrs Brenda Shanahan ANNUAL GENERAL MEETING Page 13
Slide 15: Mrs Brenda Shanahan – Proxy Votes
RESOLUTION 1(b) ELECTION OF DIRECTORS Mrs Brenda Shanahan FOR: 142,830,520 AGAINST: 44,946 OPEN: 1,617,468 Open in favour of the Chairman: 597,968 ANNUAL GENERAL MEETING Page 14
Slide 16: Resolution – Adoption of the Remuneration Report
ANNUAL GENERAL MEETING Resolution 2 Adoption of the Remuneration Report
Slide 17: Adoption of the Remuneration Report
RESOLUTION 2 REMUNERATION REPORT Adoption of the Remuneration Report FOR: 140,158,510 AGAINST: 300,186 OPEN: 670,468 ANNUAL GENERAL MEETING Page 16
Slide 18: Charlie Aitken
ANNUAL GENERAL MEETING Charlie Aitken
Slide 19: Bell Financial Group
BELL FINANCIAL GROUP www.bellfg.com.au ACN 083 194 763
Slide 20: Chairman's Address – AGM 18 April 2013
CHAIRMAN’S ADDRESS – AGM 18 April 2013 Last year was a terrible year and Alastair Provan will provide you with all the details. Overall our revenue was down 15% and we lost $2.8 million after tax. For the first time since our listing 6 years ago BFG was unable to pay a dividend. All things consi
Slide 21: Chairman's Address (continued)
back end of our business we have been able to navigate all these risks safely during the past year. So I would therefore like to pay tribute to our State Managers, our Administrative team, our Finance & Accounting people, and our Compliance group. They all did a great job to get us through the year
Slide 22: Managing Director's Review of Operations
MANAGING DIRECTOR’S REVIEW OF OPERATIONS – AGM 18 April 2013 Thank you Colin Good morning Ladies and Gentlemen. It is always difficult to present a dated Business Summary and keep it relevant. It’s already the middle of April 2013 and we are presenting the Group’s performance for the financial year
Slide 23: 2012 Business Highlights – addendums
A couple of addendums. The final result was adversely impacted by one-off and non–recurring costs associated with the collapse of MF Global, our major offshore futures markets clearer, and by lease tails resulting from the final consolidation of our two Sydney offices. Excluding these items the
Slide 24: Update – First Quarter 2013
Our balance sheet remains solid with $49 million in net tangible assets as at 31 December with no operating debt other than in the Margin Lending business. UPDATE – FIRST QUARTER 2013 SLIDE 3 There has been a noticeable improvement in market sentiment and investor confidence, particularly in our c
Slide 25: Results Summary (Unaudited) – First Quarter 2013
In the first quarter we completed seven transactions with a total value of approximately $150 million and were the third most active broker in this area for the period. RESULTS SUMMARY (UNAUDITED) – FIRST QUARTER 2013 SLIDE 5 Equities execution up 22% on the previous corresponding period to $24.4 mi
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