Praemium Ltd · ASX:PPS
Praemium — FY2023 Earnings Presentation
24 slides from Praemium's earnings presentation, Aug 29, 2023
Slide 1: Annual results to June 2023 Financial Results Presentation
preemium PRESENTED BY Annual results to 30 June 2023 Anthony Wamsteker CEO : ; ° . Financial Results Presentation David Coulter CFO Praemium Limited ACN 098 405 826 29 August 2023
Slide 2: Acknowledgement of Traditional Custodians of Country
At Praemium we acknowledge the Traditional Custodians of Country. We pay our respect to their Elders past, present, and emerging for they hold the memories, traditions, and culture of First Nations’ People.
Slide 3: Disclaimer
Disclaimer The material contained in this document is a presentation of general information about the Praemium Group's activities current as at the date of this presentation (29 August 2023) and is supplementary to the Group's previous ASX filings as applicable. It is provided in summary and does no
Slide 4: Agenda
7 Agenda FY23 Financial Results — David Coulter Looking Forward - Anthony Wamsteker Anthony Wamsteker David Coulter CEO CFO Questions A A preemium
Slide 5: Business Highlights
Business Highlights
Slide 6: FY23 business highlights
> FY23 business highlights CA” =6 » Strong 17° 5-year Australian revenue CAGR of 22% > Z23.4m » 1.4b 5-year CAGR of 11% for SMA FUA Record EBITDA FY net inflows Powerwrap recurring positive flows (underlying) © Market-leading $21.8b VMAAS non- ms me custody solution SIS SMA FUA $9.6b, up $1.5b (19%)
Slide 7: FY23 Achievements
(\ FY23 Achievements Ol. O2. Winner: Winner: No. 1 platform No. 1 platform Security, Data Decision Tools and Integration Q preemium 03. Completion of Powerwrap operational & client service integration O4. Enhanced reporting and further technology feeds & interfaces O5. Escala partnership: new 6 year
Slide 8: Financial Results
Financial Results
Slide 9: Net flows and FUA
$m 7) Net flows and FUA 2,500 Net Flows by Half-Year 2,000 1,500 1,000 | n° = . — iM t 1H21 2H21 1H22 2H22 (500) Bs (1,000) (1,500) 1SMA mPWL 50,000 FUA by Financial Year 45,000 5,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 | 2019 2020 2021 gN i ) ii m=SMA mPWL mVMAAS 7 preemium » Powerwrap
Slide 10: Established partners. Growing pipeline
(\ Established partners. Growing pipeline a) Combined Half Yearly Net Flow Analysis 100% 80% 60% 40% 20% 2H 2021 1H 2022 2H 2022 1H 2023 2H 2023 m Existing service with existing adviser ™ Existing service with new adviser New service |<=1year 1-<Syears 5<10 years = 10+ years 7 premium
Slide 11: Australian segment results
© Australian segment results Australia results $m FY23 FY22 $change %change Platform 55:2 45.9 9.3 20 » 1 7% reven ue growth Portfolio servi 19.1 17.6 1.5 9 ean Say eee apace ee cee — eee ua eas | » Cash admin fee on SMA lifted to 130bps — from 1 October with rising RBA rates ; » Re-weighting to hig
Slide 12: Platform Revenue Margins
© Platform Revenue Margins — strong cash margin impact SMA FY23 34 bps v FY22 31 bps wee Revenue Margins by Platform PWL FY23 20 bps v FY22 18 bps —o—SMA oe PWL =Total Platform 041% 0.40% 0.35% 0.30% 0.25% 0.20% 0.15% 0.10% Juk21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22
Slide 13: EBITDA driven by revenue growth
() EBITDA driven by revenue growth AUST EBITDA (underlying), $m 3.6 | FY22 FUA Margin* P/folio O/S Admin** Other Costof Wage inflation R&D capex Operations * Includes $4.5m uplift in cash admin contribution ** Outsourced Administration — includes backdated $0.7m 1H23 recognised in 2H23 Q preemium Ri
Slide 14: Cashflow
7\ Cashflow ! Cashflow (Sr | Cashtiow ($m) Operating cashflow 26.8 Tax paid (1.2) One-off costs (2.2) Net operating cashflow 23.5 Business divestment (net) - Intangible capex (7.5) Equipment capex (0.6) Investments (0.3) Net investing cashflow (8.4) Dividends Paid (25.8) Borrowings repaid (10.6) Sha
Slide 15: Balance Sheet
‘\ Balance Sheet Cash 46.3 80.5 Receivables 10.5 7.3 Financial assets 4.0 3.6 Intangibles 60.5 58.4 Other assets 8.1 7A Assets 129.5 156.9 Tax liabilities 1.6 levi Borrowings - 10.6 Other liabilities 19.8 42.3 Liabilities 21.4 54.6 Net Assets 108.1 102.3 7 premium ice sheet available to fund future
Slide 16: Looking forward
Looking forward
Slide 17: Strategic approach
© Strategic approach » Weare committed to a strategic approach that involves closely tracking enduring market trends. » Through a comprehensive understanding of our core competencies, we develop and offer products & services that effectively address evolving needs. » Our portfolio comprises distinct
Slide 18: Attractive market opportunities abound
(\ Attractive market opportunities abound 7) premium A) =O HIGH NET WORTH/ Converging needs: ADVISED RETAIL CLIENTS ULTRA HIGH NET WORTH/SMSF Interge onal wealth transfer Market size’: Feeds aL Platform market”: & non-super $2.82t pee $982b FUA : ; FUA Private Wealth Advice Firms/ IFA Advice Firms S
Slide 19: Aligned with the market opportunity
Aligned with the market opportunity Demographic trends 020 Ct? Older generations living longer increasing need for retirement solutions =o Intergenerational wealth transfer will grow number of HNWs and increase need for advice and solutions Technology trends cee Digital experience leveraging generat
Slide 20: Award-winning innovations
© Award-winning innovations Platform Competitive ¢ and Benchmarking pega Best in Decision WINNER Ts in Non-Custodial Assets in Investor Correspondence 1s! in Tax Tools Praemuum Support Tools 1s in Report Generation [sl in Online Permissions 1st in White labelling J si in Info & Education - product 7
Slide 21: Refreshed executive team
() Refreshed executive team with extensive experience across the sector ' (an) Anthony Wamsteker Chief Executive Officer David Coulter Richard Large Rachel Axton James Edmonds Denis Orrock Angela Godfrey Chief Financial Officer Chief Technology Officer Chief Risk & Governance Officer Chief Product O
Slide 22: Five key strategic initiatives in progress
(\ Five key strategic initiatives in progress Expand Operational Group-wide Superannuation Acquisition strengths: transformation service advances opportunities Next-generation enhancements Powerwrap & Non-custodial Q preemium
Slide 23: Questions
Questions
Slide 24: contact us
preemium contact us Level 19, 367 Collins Street, Melbourne, VIC 3000 Ph: 1800 571 881 E: support@praemium.com.au (v) twitter.com/praemium (in) linkedin.com/praemium praemium.com.au