Sequoia Financial Group Ltd. · ASX:SEQ
Sequoia Financial — FY2019 Earnings Presentation
12 slides from Sequoia Financial's earnings presentation, Aug 20, 2019
Slide 1: Corporate Overview
Corporate Overview Sequoia Financial Group Limited ASX Code: SEQ Results Presentation 2019
Slide 2: Disclaimer
Disclaimer This document has been prepared by Sequoia Financial Group Limited, ACN 091 744 884 (“Company”, “we” or “us”). Information contained in this document is current as at 19 August 2019 unless otherwise stated. This document has been published in good faith based on the facts known to us at t
Slide 3: Results
Results Setting the Foundations for our Future Revenue EBITDA 1H19 $44,812,064 $146,697 2H19 $38,205,976 $946,185 Total $83,018,040 $1,092,882 * Result before abnormal expense items of in excess of $2 million incurred in FY 19 SEQUOI A FI NANCI AL GROUP 3
Slide 4: Abnormal Adjustments to EBIT
Abnormal Adjustments to EBIT Investing in tomorrow Staff restructure costs $1,001,182 Acquisition Costs $152,500 Bad Debts Written Off $510,633 Loss on Disposal of investments $441,451 Total above the line abnormal items across FY19 $2,105,766 In addition to these abnormal items the company
Slide 5: Morrison's
Morrison’s Short term pain to achieve long term scale and profitability • Equity accounts increased from 6,223 to 19,090 • ETO accounts increased from 1,869 to 6,294 • Monthly equity contracts grew 600% in first 12 months of ownership. • Heavy losses of circa $150k p.m. incurred in 1H2019. • Busines
Slide 6: Wealth Management
Wealth Management (Royal Commission driving opportunity) • Growth in advisers authorized under fully owned AFSL’s of 14%. • Opportunity from closure of many bank and insurer owned advice groups expected in FY 2020 and beyond. • Most advisors moved to fee for service based income. • Need for non alig
Slide 7: Professional Services
Professional Services (Outsourcing creating greater opportunities) • NTAA Corporate launched new product to legal profession in June 2019. • Developed market leading technology to speed up SMSF administration fulfillment capability. • Number of Superannuation funds administered increased by 14% orga
Slide 8: Media
Media (Market is hungry for financial news • Financial News Network is capitalizing on investors need for easily accessible information about ASX listed companies, fund managers and investment thematics. • News items and videos are viewed over 85,000 times each month directly plus through our 35+ co
Slide 9: Direct
Direct (Move to nil advice / general advice for younger generation) • SEQ Direct has undergone a significant website refresh launch date September 19 . • SEQ Direct has cost and distribution advantages for fund managers, and self directed investors looking for brokerage cost savings. • Bourse Data p
Slide 10: Specialist investments
Specialist investments (Thematic thinking in low interest rate environment) • Thematic investing gaining increasing popularity in current low interest rate environment. • SSI provides a pooled solutions for advisers, ad sophisticated investors looking for access to investments in international marke
Slide 11: Return on Investment
Return on Investment (Utilizing our Capital to Grow ROI) • Total Shareholder Equity at FY2019 is $31M or 0.2615 cents per share. • Cash at June 30 $18.85 M (includes $11M) held on deposit in Morrison’s business. • Debt reduced from $7.4 m to $1.4 million over the period. • The Wealth , Direct, Equit
Slide 12: 2020 and Beyond
2020 and Beyond (Growth in revenue, consistent profit and return to shareholders • Net revenue growth target after the cost of sales is 23% with a spread between 15% and 40% across our various operating segments. • The boards 5 Key Short Term Goals are ; 1. To generate strong cash flow from all 4 di
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