Fiducian Group Ltd · ASX:FID
Fiducian — FY2022 Earnings Presentation
31 slides from Fiducian's earnings presentation, Aug 15, 2022
Slide 1: FY 2021-22 Results Investor Presentation
FY 2021-22 RESULTS INVESTOR PRESENTATION Indy Singh – Executive Chairman, Fiducian Group Rahul Guha – Executive Chairman, Fiducian Services 15 August 2022 1
Slide 2: Agenda
Agenda • Business Overview • Financials • Growth Opportunities • Key Dates and Contacts • Annexures 2
Slide 3: Highlights
Highlights 3
Slide 4: FY Highlights
FY 22 Highlights Group Highlights Business Segments UEBITDA UNPAT Dividends per share Gross Revenue Platform Administration Funds Management $21.8m $15.7m 29.70c $69.5m $3.8b $309m 13% 11% 10% 18% Net FUAdm inflows FY22 Gross FUM Jun 22 % $18.5m $27.4m Cost to Income Ratio FUA acquired Cash holding
Slide 5: Platform Administration Business
Platform Administration Business 5
Slide 6: Fiducian Overview – Platform Administration
Fiducian Overview – Platform Administration • $2.9 Billion in Funds under Administration (FUAdmin) as at 31 July 2022 • Market competitive platform offering for Investments, Superannuation and SMA administration with own licences • Investment menu includes 15 Fiducian multi-manager funds, 57 externa
Slide 7: Fiducian Overview – Platform Administration
Fiducian Overview – Platform Administration Net Funds Inflows - Six monthly (in $ mil) • Net In-flows of $309 million during FY 2021-22 180 • Both Salaried and Franchised networks contributing 160 to the Inflows 140 120 • Combination of organic flows from active referrals 100 and inorganic flows fro
Slide 8: Funds Management Business
Funds Management Business 8
Slide 9: Fiducian Overview – Funds Management
Fiducian Overview – Funds Management • $3.9 Billion in Funds under Management as at 31 July 2022 • Fiducian provides highly effective Manage the Manager System (Multi-Manager) with greater diversification and below average risks to generate consistent above average returns • The investment team sele
Slide 10: Fiducian Overview – Funds Management
Fiducian Overview – Funds Management • Consistently superior results against the world’s best fund managers in the Australian market Fiducian Funds 3-years return (ranking) p.a. 5-years return (ranking) p.a. 7-years return (ranking) p.a. 10-years return (ranking) p.a. Capital Stable 0.9% 31/116 2.9%
Slide 11: Fiducian Overview – Funds Management
Fiducian Overview – Funds Management • PDS Fund Fees are in line with Funds Revenue & PBT and Average FUM industry peer groups. Added 14.2 5.0 benefits for clients are access to 14.0 13.2 4.5 multiple managers whose fees 12.1 12.0 are paid by Fiducian through the 4.2 4.1 4.0 10.7 relevant Fiducian F
Slide 12: Fintech Capabilities
Fintech Capabilities 12
Slide 13: Fiducian Overview – FinTech Capabilities
Fiducian Overview – FinTech Capabilities • Proven and time tested Fintech capabilities underpin Fiducian’s successful business model • Recent programming team expansion and new system development provides opportunities for commercialisation • Market leading Platform Administration System, ‘Fastrack’
Slide 14: Financial Planning Business
Financial Planning Business 14
Slide 15: Fiducian Overview – Financial Planning
Fiducian Overview – Financial Planning • Enabler of steady flows to Fiducian Funds and Platform • 86 planners in 47 offices across Australia • Selective recruitment of Salaried and Franchised planners aligned to Fiducian culture driven by Quality and Expertise • Planners focused on delivering outcom
Slide 16: Financials
Financials 16
Slide 17: Financial Highlights
Financial Highlights FINANCIALS 17
Slide 18: Segment Reporting
Segment Reporting FINANCIALS 18
Slide 19: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index FID vs All Ords Growth FID + 1039% • Since Jun 12, FID has (incl Dividends) outperformed All Ords by 874% (including dividend) FID closing on 8 1170% • Dividend pay-out policy is August 2022: $7.30 60-70% of Net Profit After 970% Tax • Full year divide
Slide 20: Dividends – $1,000 invested on July 2012
Dividends – $1,000 invested on 1 July 2012 • The graph shows dividend of $306.19 (before franking credits) on $1,000 invested in FID on 01/07/2012. • Double digit EPS growth (based on UNPAT) in 17 out of 22 years since listing FINANCIALS 20
Slide 21: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation The following is a conceptual extrapolation* of how increasing scale lifts UEBITDA at an accelerating rate above a relatively fixed cost base: Average Funds under Management, Administration and Advice (FUMAA) & UEBITDA * This is not a projection or
Slide 22: Growth Opportunities
Growth Opportunities 22
Slide 23: Market Opportunities for Growth of the Business
Market Opportunities for Growth of the Business Potential growth via Fiducian Platform and 3rd party planners Funds Business Business * Figures as at 31 July 2022 Currently currently $2.9 bil* $3.9 bil* • Capture market share from disintegration of • Distribution of MTM process to Universities, larg
Slide 24: Key Dates and Contacts
Key Dates and Contacts Retail Investor Presentation (Online) • Time / Date: 12:30 to 1.30 pm AEST, Thursday 18 August 2022 • Join-in details: https://zoom.us/j/99963970685?pwd=Tk9XLzhNcSs2QWtQdUw3L2JXZzltUT09 or • Dial-in: +61 2 8015 6011 Meeting ID: 999 6397 0685 Passcode: 680509 Key Dates • Final
Slide 25: Five Year Summary: Financials
Five Year Summary: Financials Sustainable Growth history consistently over the long term ANNEXURES 25
Slide 26: Five Year Summary: Revenue and EPS Growth
Five Year Summary: Revenue and EPS Growth Revenue and EPS Growth Top-line Revenue Growth: 11% 49.9 annualised 44.9 48 65,000 40.5 42 Underlying EPS 38.3 55,000 Growth: 12% 69,539 36 annualised Revenue in $'000 33.6 45,000 54,904 30 EPS in cents 49,404 58,839 Sustainability: 35,000 45,873 24 Do
Slide 27: Five Year Summary: Expense Management
Five Year Summary: Expense Management Expanding Jaws: Revenue growth faster than Expense growth Carefully managed expenses to support growth in infrastructure and revenue generating functions ANNEXURES 27
Slide 28: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth Consistent FUMAA growth from strong organic and inorganic inflows Increase in FUA as proportion of FUMAA reflects recent acquisition Explanatory Notes: • FUM includes cross holdings from diversified funds into sector/specialised fu
Slide 29: FUMAA Yearly average Growth
Funds Under Management, Admin and Advice (FUMAA) Yearly average Growth Yearly Average FUMAA (in $ bil) 2017.5 2018 2018.5 2019 2019.5 2020 2020.5 2021 2021.5 2022 2022.5 12 11.42 10 9.28 7.85 8 6.84 6.18 6 4 2 0 2018 2019 2020 2021 2022 FUM FUAdm FUA ANNEXURES 29
Slide 30: 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 31: Disclaimer
Disclaimer Source: Morningstar Direct. © 2021 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any gene