Hub24 Limited · ASX:HUB
Hub24 — H1 FY2014 Earnings Presentation
16 slides from Hub24's earnings presentation, Feb 27, 2014
Slide 1: HUB24 Limited Half Year Update
For personal use only HUB24 Limited Half Year Update 26 February 2014
Slide 2: Disclaimer
Disclaimer For personal use only Summary information The material that follows is a presentation of general background information about HUB24 Limited’s (‘HUB’) activities current at the date of the presentation, 26 February 2014. It is information given in summary form and does not purport to be co
Slide 3: Overview
Overview For personal use only • FY14 Half Year review • Financial summary • Corporate information • Key statistics (at 31 January 2014) • Who we are • What we do • Market environment • Our advantage • Outlook HUB24 3
Slide 4: Half FY14 in review: growing business with scale benefits emerging
HALF FY14 in review For personal use only Growing business with scale benefits emerging FUA BALANCE • FUA increase of 66% to $635m* $ 'M 700.00 • 32% increase in active advisers* 600.00 • Further developing a scalable operation to cater for continuing rapid 500.00 growth 400.00 • Enhancing operation
Slide 5: Half FY14 in review
HALF FY14 in review For personal use only Financial • Revenue increase of 251% to $1.4m for half FY14 ($394k prior corresponding period) • Cash balance of $16.52m • Investment to accelerate FUA transition • Improved processes to ensure operational scalability, decreasing admin staff requirement to s
Slide 6: Financial summary (continuing operations)
Financial summary (continuing operations) For personal use only Half year ended Half year ended KEY FINANCIAL RESULTS 31‐Dec‐13 31‐Dec‐12 % change • Continuing rapid increase in FUA is translating into FUA (million) 618.9 252.7 revenue, gross profit and EBITDA improvements. INCOME $ $ Revenue 1,383,
Slide 7: Corporate information: capital structure
Corporate information For personal use only Capital Structure at 26/02/2014 Shares on issue 47.06m Share price $1.14 Market capitalisation $53.65m Enterprise value $37.13m Substantial shareholders Thorney Holdings Ltd 17.23% Ian Litster 8.02% Paradice Investment Management Pty Ltd 5.61% HUB24 7
Slide 8: Corporate information: balance sheet
Corporate information For personal use only Balance sheet (as at 31 December 2013) Current assets $17.51m Non-current assets $ 7.56m Total assets $25.07m Current liabilities $ 1.87m Non-current liabilities $ 0.08m Total liabilities $ 1.95m Net assets $ 23.12m Equity $ 23.12m 30 June 2013 31 December
Slide 9: Key statistics as at January 2014
Key statistics as at 31 January 2014 FUA For personal use only • Total FUA of $635m FUA BALANCE $ • 66% FUA increase* 'M • 91% increase in FUA held in managed portfolios* 700.00 • 36% increase of FUA per adviser* 600.00 INFLOWS 500.00 • Monthly cash inflows of $25m+* 400.00 • Average net inflows of
Slide 10: Key statistics: net flows and cash inflows
Key statistics as at 31 January 2014 For personal use only QUARTERLY $ 'M QUARTERLY NET FLOWS Net flows* 100 90 80 $30m monthly average for FY14, increased from 70 60 $19m monthly average for FY13. 50 40 30 20 10 0 Oct '11 Jan '12 Apr '12 Oct '12 Jan '13 Apr '13 Oct '13 Jan '14 July '12 July '13 Cas
Slide 11: Who we are
Who we are For personal use only • HUB24 is a full featured Wrap Platform incorporating Investor Directed Portfolio Service (IDPS) and Super/Pension services • Market leading Managed Portfolio functionality • Open architecture, independent, offering wide investment choice • Ability to build major de
Slide 12: What we do
What we do For personal use only • We develop, distribute and operate the HUB24 Investment and Superannuation platform • Our customers are financial advisers, accountants, stockbrokers and institutions • We allow our larger corporate customers to white label the platform under their own brand • Very
Slide 13: Our advantage: managed portfolios and independence
Our advantage For personal use only Market leading managed portfolio capability • Enables dealer groups to offer advisers and their clients fully implemented SMAs and model portfolios made up of a range of asset types and classes • Dealers can earn ongoing portfolio management fees and provide a mor
Slide 14: Our advantage: technology and ASX listing
Our advantage For personal use only Technology • Proven internal technology development team that has taken prior projects through to successful commercialisation • HUB24 owns the IP ASX listed • Maximum transparency of the performance of our operation for shareholders and customers • Proven shareho
Slide 15: Outlook
Outlook For personal use only 1. FUA growth trend expected to continue – Maximise existing adviser and dealer relationships – Ongoing business development including white labels for dealer groups, stockbrokers and accountants – Promote our unique managed portfolio capability as a FOFA compliant solu
Slide 16: Outlook
Outlook For personal use only 3. Enhance product capability to target high net worth individuals and SMSF clients 4. Efficiently develop and grow our high calibre talented team to support our future success 5. Actively reviewing acquisition opportunities and strategic alliances. HUB24 16