Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2019)
18 slides from Prime Financial's shareholder meeting presentation, Nov 29, 2019
Slide 1: 2019 Annual General Meeting
29 November 2019 Prime Financial Group Ltd ACN 009 487 674 Level 17, HWT Tower 40 City Road Southbank VIC 3006 Tel 03 9827 6999 Fax 03 9827 9100 Company Announcements Office enquiries@primefinancial.com.au Australian Securities Exchange Limited www.primefinancial.com.au Prime Financial Group Ltd (Pr
Slide 2: Chairman's Address
29 November 2019 2019 ANNUAL GENERAL MEETING Chairman’s Address Good morning Ladies and Gentlemen. On behalf of my fellow Directors, Mr Simon Madder and Mr Peter Madder, it gives me great pleasure to welcome you to the 2019 Annual General Meeting of Prime Financial Group Limited. My name is Tim Carr
Slide 3: Chairman's Address (continued)
Mr Simon Madder will elaborate further on the performance of Prime and our financial results for the year during his presentation. In closing, I would like to thank our shareholders for their continued support of Prime during the year and in particular those shareholders who have been able to attend
Slide 4: AGM Presentation
Prime Financial Group Ltd (ASX: PFG) AGM Presentation 29 November 2019
Slide 5: Welcome
Welcome Directors Auditors EY Legal Advisors HFW Tim Carroll Simon Madder Peter Madder Independent Non-Executive Chairman (Interim) Chief Executive Officer & Managing Director Executive Director Share Registry Computershare Investor Services 2
Slide 6: Agenda
Agenda 1. Independent Non-Executive Chairman’s (Interim) Address – Tim Carroll 2. Managing Director/CEO’s Presentation – Simon Madder 3. Business of the Meeting 3
Slide 7: Managing Director/CEO's Presentation
Prime Financial Group Ltd (ASX: PFG) Managing Director/CEO’s Presentation
Slide 8: FY19 Highlights
FY19 Highlights Organic revenue growth accelerating (contracts with customers) • H1 FY19 revenue was 2% higher than H1 FY18 • H2 FY19 revenue was 9% higher than H2 FY18 Key Takeaways • FY19 revenue was 5% higher than FY18 Earnings growth for members/shareholders; Completion of Restructure • Underlyi
Slide 9: Key Financial Metrics
Key Financial Metrics FY19 versus FY18 Prime’s key profitability measure is Prime Financial – Prime Financial – Group underlying EBITDA for Members/Shareholders FY19 Financial Highlights* members/shareholders FY19 FY18 Change FY19 FY18 Change Underlying EBITDA for Underlying members/shareholders rem
Slide 10: Performance by Segment
Performance by Segment FY19 Prime has two reporting segments from previously one reporting segment; Key Takeaways • Wealth Management & SMSF – Wealth Management, Financial Planning plus SMSF services and advice • Segment performance is evaluated based on segment profit/loss. The • Accounting, Busine
Slide 11: Balance Sheet, Cash Flow & Net Debt
Balance Sheet, Cash Flow & Net Debt FY19 versus FY18 Balance Sheet Group (AUD million) At 30 June 2019 At 30 June 2018 Key Takeaways Cash 0.2 0.9 • Operating cash inflow difference largely due Total assets 55.5 60.5 to the increase in non-recurring expenses Borrowings (9.6) (8.6) • Investing cash ou
Slide 12: Members/Shareholders – FY20 Outlook
Outlook for Members/Shareholders – FY20 • Revenue from contracts with customers 5% + (v FY19) • Reported EBITDA 30% + (v FY19) • Underlying EBITDA 5% + (v FY19) Continued organic earnings growth • Group operating cashflow + $1.5 million (v FY19) • FY20 Interim dividend to match FY19 (0.20 cents per
Slide 13: Members/Shareholders – FY20 Outlook
Outlook for Members/Shareholders – FY20 • Reduce Group net debt by up to 5% (v FY19) • Target net debt to underlying EBITDA ratio of 2.0 - 2.5 times (v 2.3 times FY19) Reduce debt • Empowering our clients to achieve their aspirations through additional Prime services & value Accelerate integration &
Slide 14: 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. Re-Election of Director – Mr Peter Madder 11
Slide 15: Resolution: 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 16: Resolution: Re-election of Director Mr Peter Madder
Resolution 2 Re-election of Director Mr Peter Madder • The second item on the agenda is the resolution concerning the Re-election of Mr Peter Madder 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
Slide 17: Contact
Contact Simon Madder 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 Prime Financial Group Ltd T (03) 9827 6999 E rorym@primefinancial.com.au W www.primefinancial.com.au Ben Priestl
Slide 18: Important Notice & Disclaimer
Important Notice & Disclaimer This investor presentation (Presentation) has been prepared by Prime Financial Group Limited Disclaimer (‘PFG’). No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclus
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