Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2020)
23 slides from Prime Financial's shareholder meeting presentation, Nov 30, 2020
Slide 1: ASX Announcement: 2020 Annual General Meeting
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 30 November 2020 Company Announcements Office Australian Securities Exchange Limited Prime Financial Group Ltd (Prime – ASX code PFG) 2020 Annual General Meeting In accordance with the requirements of the ASX Listing Rules, Prime Financia
Slide 2: Chairman's Address
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 30 November 2020 2020 Annual General Meeting Chairman’s Address Good morning Ladies and Gentlemen. On behalf of my fellow Directors, Mr Matt Murphy and Mr Tim Bennett, it gives me great pleasure to welcome you to this virtual 2020 Annual
Slide 3: Clients and Community
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 30 November 2020 Clients and Community During H2 FY20 and the onset of COVID-19 many of Prime’s clients in the community were impacted, whether it be as business owners affected by the lockdown and changed economic circumstances, or indiv
Slide 4: ASX Announcement
ASX Announcement Prime Financial Group Ltd (Prime – ASX: PFG) 30 November 2020 On 3 July 2020 Mr Matt Murphy and Mr Tim Bennett were appointed to the Prime Board as Executive Directors. Matt Murphy leads Prime’s Accounting & Business Advisory division, a material contributor to Prime’s earnings, and
Slide 5: AGM Presentation
Prime Financial Group Ltd (ASX: PFG) AGM Presentation 30 November 2020
Slide 6: Welcome
Welcome Directors Auditors EY Legal Advisors HFW Simon Madder Matt Murphy Tim Bennett Chairman, Chief Executive Officer & Managing Director Executive Director Executive Director Share Registry Computershare Investor Services 2
Slide 7: Agenda
Agenda 1. Chairman’s Address – Simon Madder 2. Managing Director / CEO’s Presentation – Simon Madder 3. Business of the Meeting 3
Slide 8: Online attendees voting process
Online attendees voting process Visit web.lumiagm.com/328860000 Enter Username (SRN or HIN) and Password (Postcode or Country Code). 4
Slide 9: Online attendees voting process
Online attendees voting process When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen To vote simply select the option you wish to send, the selected option will change colour. There is a message at the top of screen indicating the number of resolut
Slide 10: Managing Director/CEO's Presentation
Prime Financial Group Ltd (ASX: PFG) Managing Director/CEO’s Presentation
Slide 11: FY20 Highlights
FY20 Highlights Earnings Growth for Organic revenue growth members/shareholders up 4% (contracts with • Underlying EBITDA* customers) Key Takeaways: up 35% • excluding the impact Fourth successive half Strong financial & of AASB 16 Leases, of organic revenue operating result Underlying EBITDA growth
Slide 12: Key Financial Metrics
Key Financial Metrics FY20 vs FY19 Prime’s key profitability measure is Underlying Prime – EBITDA for members/shareholders Prime – Group Members/Shareholders FY20 Financial Highlights* Underlying EBITDA for members/shareholders FY20 FY19 Change FY20 FY19 Change removes the impact of financing costs,
Slide 13: Revenue
Revenue Contracts with Customers Analysis of Revenue Growth – FY20 vs FY19 How are we growing? Revenue Additional group services for FY20 FY19 FY20 vs FY19 $m $m existing clients Accounting, Business Advisory & Capital 12.0 10.4 15% New client growth through Wealth Management & SMSF 9.5 10.3 (8%) sp
Slide 14: Balance Sheet, Cash Flow & Net Debt
Balance Sheet, Cash Flow & Net Debt Balance Sheet Key Takeaways At 30/6/20 At 30/6/19 Group $m $m • Refinanced debt facility for a 5.5 year period Cash 0.1 0.2 on favourable terms in December 2019 Total assets 58.9 55.5 • Operating cash inflow $3.7 million Borrowings (9.9) (9.6) • Investing cash out
Slide 15: Dividends
Dividends • Target dividend payout ratio of 40 – 60% of reported and maintainable Key Takeaways earnings • FY20 Final dividend of 0.25 cents per share (‘cps’) (fully franked) vs Final dividend of 0.20 cps in FY19 (+25%) • FY20 Final dividend of 0.25 cps • FY20 payout ratio of 33% of reported NPAT fo
Slide 16: COVID-19
COVID-19 1 Overview 2 Clients & Community 3 Team • Most difficult and challenging • Focus on advice & service • Health & safety of team the priority period in 22-year history • New client communication • 100% employment of team on full • Widespread, continuing programs deployed in rapid salary but f
Slide 17: Outlook for Members/Shareholders – FY21
Outlook for Members/Shareholders – FY21 Continued organic earnings Improved cash flow & growth dividends • Ongoing improvement in net cash flow • Underlying EBITDA growth to continue • Increasing dividends (subject to COVID-19 impact) Reduce debt Accelerate integration & client service • Debt to tak
Slide 18: Business Of The Meeting
Business Of The Meeting 1. Consideration of the Financial Statements Note: There is no requirement for the shareholders to approve these statements 2. Adoption of the Remuneration Report 3. Election of Director – Mr Matt Murphy 4. Election of Director – Tim Bennett 14
Slide 19: Remuneration Report
Resolution 1 Remuneration Report • The first item on the agenda is the resolution concerning the Remuneration Report • Article 37.2 of the Company's Constitution states that a resolution put to the vote of a meeting is decided on a show of hands unless a poll is demanded. As Chairman I have elected
Slide 20: Election of Director (Mr. Matt Murphy)
Resolution 2 Election of Director (Mr. Matt Murphy) • The second item on the agenda is the resolution concerning the election of Mr. Matt Murphy as a Director of the Company • Article 37.2 of the Company's Constitution states that a resolution put to the vote of a meeting is decided on a show of han
Slide 21: Election of Director (Mr. Tim Bennett)
Resolution 3 Election of Director (Mr. Tim Bennett) • The third item on the agenda is the resolution concerning the election of Mr. Tim Bennett as a Director of the Company • Article 37.2 of the Company's Constitution states that a resolution put to the vote of a meeting is decided on a show of hand
Slide 22: Contact
Contact Simon Madder Chairman, Managing Director/CEO Prime Financial Group Ltd T (03) 9827 6999 E simonm@primefinancial.com.au W www.primefinancial.com.au Rory McLaughlin Group Financial Controller & Company Secretary Prime Financial Group Ltd T (03) 9827 6999 E rorym@primefinancial.com.au W www.pri
Slide 23: Important Notice & Disclaimer
Important Notice & Disclaimer This investor presentation (Presentation) has been prepared by Prime Financial Group Limited Disclaimer (‘Prime’). No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and concl
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