Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Investor Presentation (April 2020)
18 slides from Euroz Hartleys's investor presentation, Apr 9, 2020
Slide 1: ASX Market Announcement – Investor Presentation
For personal use only ABN 53 000 364 465 9 April 2020 ASX Market Announcements Office ASX Limited 20 Bridge Street, Sydney NSW 2000 Dear Sir/Madam, ASX MARKET ANNOUNCEMENT – INVESTOR PRESENTATION Please find attached the Investor Presentation for immediate release to the market. For further informat
Slide 2: Investor Presentation April 2020
INVESTOR PRESENTATION For personal use only April 2020
Slide 3: Company Snapshot
COMPANY SNAPSHOT For personal use only Euroz is a diversified financial services company GROUP FUM MARKET CAPITALISATION STAFF OWNERSHIP 1, 2 1 $1.3b $120m 39% $224m $88.8m FULLY FRANKED DIVIDENDS IN 20 YEARS CASH & INVESTMENTS A strong platform for future growth Note 1: As at 31 March 2020 Note 2:
Slide 4: Group Structure
GROUP STRUCTURE For personal use only Note 1: Excluding Prodigy Investment Partners and boutiques Flinders Investment Partners, Dalton Street Capital and Equus Point Capital as at 31 March 2020 Investor Presentation – April 2020 3
Slide 5: Euroz Limited Ownership
EUROZ LIMITED OWNERSHIP For personal use only Increasingly diversified share register Ice Cold Investments 6% Institutions Retail 20% 35% ▪ Staff ownership of 39% ▪ Improving liquidity ▪ Performance Rights Plan = ongoing capital management Directors Staff 27% 12% Significant staff ownership = strong
Slide 6: Audited Half Year Result to December 2019
AUDITED HALF YEAR RESULT TO 31 DECEMBER 2019 For personal use only HEADLINE RESULT UNDERLYING CASH PROFIT HALF YEAR DIVIDEND 1 1 $8.6m $4.5m 1.75cps GROUP FUM UP 9% EUROZ SECURITIES CASH & INVESTMENTS EQUITY RAISINGS 1 1 $1.73b $519m $116m Note 1: Attributable to members Investor Presentation – Apri
Slide 7: Historical Profitability
HISTORICAL PROFITABILITY For personal use only High correlation to resource markets 1 ▪ Strong past correlation to resource markets (Small Resources Index) ▪ Small Resources Index down 26.6% financial year 20201 and down 29.1% in the 12 months2 to 31 March 2020 ▪ Strategy is to generate diverse recu
Slide 8: Dividend History
DIVIDEND HISTORY For personal use only Paid $224 million in fully franked dividends A$m PAST: Annual Dividend Paid Cumulative Dividend paid 220 ▪ Paid $224m dividends over 39 consecutive half year 200 periods 180 ▪ High payout ratio 160 FUTURE: 140 ▪ Aim to increase the base level of dividends throu
Slide 9: Stockbroking & Corporate Finance
STOCKBROKING & CORPORATE FINANCE For personal use only Euroz Securities - 20 year history of partnering and supporting clients through research, dealing and corporate finance services ▪ Quality equities research is the foundation of our business Research ▪ Highly rated research from our team of six
Slide 10: Major Corporate Finance Transactions
STOCKBROKING & CORPORATE FINANCE For personal use only Major corporate finance transactions Investor Presentation – April 2020 9
Slide 11: Wealth Management
WEALTH MANAGEMENT For personal use only Entrust Wealth Management - 17 year track record ▪ Combines its deep knowledge of managed discretionary advice, financial planning and portfolio management with its portfolio administration service to create a comprehensive wealth management solution for each
Slide 12: Funds Management
FUNDS MANAGEMENT For personal use only Westoz Funds Management – “Finding the Best in the West” ▪ Westoz Funds Management (WFM) is a 100% owned subsidiary of Euroz Limited established in 2005 ▪ WFM manages portfolios of Australian equities on behalf of two listed investment companies, Westoz Investm
Slide 13: Euroz Balance Sheet as at March 2020
EUROZ BALANCE SHEET AS AT 31 MARCH 2020 For personal use only Improving balance sheet ▪ Strong balance sheet/zero debt ▪ Market Valuation: $15m – $31m Enterprise Value Cost Market Look through value 1 Westoz $39.0m $23.9m $32.0m Ozgrowth $27.8m $16.8m $24.7m Flinders / Dalton / Equus Investments $11
Slide 14: Funds Under Management
FUNDS UNDER MANAGEMENT For personal use only $1.3 billion in FUM across Funds and Wealth Management $1,750 $1,500 $1,250 Funds Management WIC ($105m) $157m $1,000 Euroz Securities OZG ($52m) $294m A$m $750 Euroz ($294m) $500 Entrust ($854m) Entrust Wealth Management $854m $250 $- 2 Dec 15 Jun 16 Dec
Slide 15: Trading Update to March 2020
TRADING UPDATE TO 31 MARCH 2020 For personal use only Euroz Group Summary ▪ Underlying cash profits after tax of $6 million ▪ Headline net loss after tax (attributable to members) of $16 million includes “non cash” after tax losses of $14 million from mark to market of investments and $8 million pre
Slide 16: Summary
SUMMARY For personal use only Euroz is a diversified financial services company Established track record provides solid platform for growth when Modest underlying profitability markets improve A robust balance sheet Aim to increase recurring revenue Investor Presentation – April 2020 15
Slide 17: Disclaimer & Disclosure
DISCLAIMER & DISCLOSURE For personal use only Euroz Limited (EZL) and its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made
Slide 18: Thank You
THANK YOU For personal use only Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com