Fiducian Group Ltd · ASX:FID
Fiducian — FY2024 Earnings Presentation
22 slides from Fiducian's earnings presentation, Aug 15, 2024
Slide 1: FY 2024 Results Investor Presentation
FY 2024 RESULTS INVESTOR PRESENTATION Indy Singh – Executive Chairman, Fiducian Group Rahul Guha – Executive Chairman, Fiducian Services Sydney, 15 August 2024 1
Slide 2: Agenda
Agenda FY2024 Full Year Update • Business Overview • Financials • Key Dates and Contacts 2
Slide 3: FY2024: Platform Administration
FY2024: Platform Administration • Net Inflows $281 million in FY2024 from our salaried and franchisee advisers • Almost 100% of Inflows from our aligned advisers are invested through Fiducian platform and in Fiducian multi- manager funds • Funds Under Administration (FUAdm) in Core platform, Auxiliu
Slide 4: Platform Administration – Net Flow and Revenue
Platform Administration – Net Flow and Revenue • PBT Margins 64% of Gross Revenue including margins from cash held in the platform BUSINESS OVERVIEW 4
Slide 5: Platform Administration – Auxilium and Badges
Platform Administration – Auxilium and Badges • New IFA products starting to build scale • Low-cost value proposition, Auxilium, directly competing to disrupt the existing disruptor platforms through in-house technology, extensive product menu, advanced reporting capabilities and high standard of se
Slide 6: FY2024: Funds Management
FY2024: Funds Management • Funds Under Management (FUM): • $4,463 million as at June 2023 ($4,105 million average) • $5,171 million as at June 2024 ($4,804 million average) • $5,340 million as at July 2024, an increase of 11% over FY 2024 average • Potentially contributing to additional annualised r
Slide 7: Funds Management
Funds Management • Consistently superior results over long term against the world’s best fund managers in the Australian market • Over 20 years, the four Fiducian diversified funds ranked in the top decile to top quartile in 40 out of 64 readings against up to 154 fund managers on Zenith survey *Sou
Slide 8: Funds Management
Funds Management • Fiducian fund fees are market competitive to other single manager funds fees • Highly defensible products for Advisers • Added benefits for clients are access to multiple managers whose fees are paid by Fiducian through the relevant Fiducian Funds • As volumes increase Fiducian ma
Slide 9: FinTech Capabilities
FinTech Capabilities • Proven and time-tested Fintech capabilities underpin Fiducian’s successful business model • Market leading in-house systems: • ‘Fastrack’ Platform Administration System • ‘FORCe’ Adviser driven Financial Planning Software • ‘Fiducian Online’ Holistic Client reporting • Cyber s
Slide 10: FY2024: Financial Planning
FY2024: Financial Planning • Enabler of steady flows to Funds and Platform • 3 new offices: 3 new offices opened (Ballarat, Burwood and Coolalinga) – offices in all States now • 80 Financial Advisers numbers and 48 offices • Inflow targets $6 million for each Financial Adviser • Revenue targets rais
Slide 11: Financial Planning
Financial Planning • Funds Under Advice (FUA): • $4,613 million as at June 2023 • $4,798 million as at June 2024 • $1,634 million in external platforms – work underway to transition clients to proven & successful compliant Fiducian process where in their best interest • Estimated $0.4 billion non-fe
Slide 12: Staffing
Staffing • June 24 staff number decreased to 173 (compared to 178 at June 23) • Staff loyalty and knowledge base remain high. Continuing Training and professional development assist with growth, efficiency and motivation • Staff retention is key – increase of salary in July 2024 to remain competitiv
Slide 13: Financials
Financials 13
Slide 14: FY 2024 Financial Highlights
FY 2024 Financial Highlights FINANCIALS 14
Slide 15: Segment Reporting
Segment Reporting FINANCIALS 15
Slide 16: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index • Since June 2012, FID has outperformed All Ords by 965% (including dividend) • Dividend pay-out policy revised to 60-80% of Underlying Net Profit After Tax • H2 2024 dividend is 21.1 cents per share • FY 2024 full year dividends 39.30 cents per share
Slide 17: Dividends – $1,000 invested on 1 July 2012
Dividends – $1,000 invested on 1 July 2012 • The graph shows that $1,000 invested in FID on 1 July 2012 delivered a fully franked dividend of $405.15 in FY2024 • Double digit EPS growth (based on UNPAT) in 18 out of 24 years since listing FINANCIALS 17
Slide 18: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth ✓ Consistent FUMAA growth from organic and inorganic inflows Explanatory Notes: • FUA includes assets held in Fiducian and External platforms • FUM includes cross holdings from diversified funds into sector/specialised funds. Excluding
Slide 19: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation The following is a conceptual extrapolation of how increasing scale could lift UEBITDA at an accelerating rate above a corresponding increase in cost base: • This is not a projection Funds under Management, Administration and Advice (FUMAA) & UEBIT
Slide 20: Key Dates and Contacts
Key Dates and Contacts Retail Investor Presentation (Online) • Time / Date: 12:30 to 1.30 pm AEST, Thursday 15 August 2024 • Join-in details (Zoom): https://zoom.us/j/97323279383?pwd=YI2u0It7JGYsAbdxPbmQt0nn71wKbm.1 • Dial-in: +61 2 8015 6011 Meeting ID: 973 2327 9383 Passcode: 059747 Key Dates • Fi
Slide 21: Disclaimer
Disclaimer Information in this document and given in the presentation is of a general nature. It is not intended to be, nor does it, constitute financial, legal or tax advice. The information is given in good faith and, although care has been exercised in compiling it, Fiducian Group Limited and the
Slide 22: Disclaimer
Disclaimer Source: Zenith funds survey. © FE fundinfo (Australia) Pty Limited ABN 18 601 868 311 (FE fundinfo), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1297668. Data provided by FE fundinfo does not constitute fi