Sequoia Financial Group Ltd. · ASX:SEQ
Sequoia Financial — FY2022 Earnings Presentation
16 slides from Sequoia Financial's earnings presentation, Aug 18, 2022
Slide 1: FY22 Results Investor Presentation
Sequoia Financial Group Ltd ACN: 091 744 884 ASX: SEQ ASX AND MEDIA RELEASE 18 August 2022 FY22 RESULTS INVESTOR PRESENTATION Sequoia Financial Group Ltd (ASX: SEQ) attaches a copy of the FY22 Results Investor Presentation. -ENDS - This announcement was authorised for release by the Managing Directo
Slide 2: 2022 Annual Results Presentation
2022 Annual Results Presentation Garry Crole Managing Director and CEO Lizzie Tan CFO and Joint Company Secretary 18 August 2022
Slide 3: Disclaimer
Disclaimer This presentation is for general information purposes only and should be read in conjunction with the Full Year Financial Report for the year ended 30 June 2022 and the Appendix 4E lodged with the Australian Securities Exchange by Sequoia Financial Group Limited (ASX:SEQ) on 18 August 202
Slide 4: Agenda
Agenda 1. Discuss FY22 financial performance 2. Provide an update on 7-year business plan 3. Share divisional progress on these ambitions 4. The advice industry today and the opportunities ahead 5. Questions 2022 Full Year Results Sequoia Financial Group | 3
Slide 5: FY22 Financial Highlights
FY22 Financial Highlights * NPATA is calculated by adding back amortisation (net of tax) to NPAT 2022 Full Year Results Sequoia Financial Group | 4
Slide 6: FY22 Financial Results - commentary
FY22 Financial Results - commentary Increasing underlying profit / EBITDA: EBITDA of $12.4m, up 7.3% EBITDA margin of 8.4%. Growing revenue: Acquisition of Panthercorp and Tag Insurance Brokers customer list Greater financial advisory commission earned Experienced continued increase in wholesale cle
Slide 7: Summary of financial highlights
Summary of financial highlights Earnings growth Strong Balance Sheet High EBITDA conversion to cash Revenue: $147.3m, up 26.5% Debt free EBITDA conversion ratio: 119% EBITDA: $12.4m, up 7.3% Growing cash reserve Strong cost management EBITDA margin: 8.4% Limited capital expenditure NPAT: $5.7m Low w
Slide 8: Our revised 7-year business plan
Our revised 7-year business plan 2022 Full Year Results Sequoia Financial Group | 7
Slide 9: Licensees Services Division
Licensees Services Division Financial performance Divisional performance INCREASE in revenue of 15% at a time the number of available advisers reduced by 35% INVESTED in long term initiatives to support $125m of divisional revenue by 2026 at a margin closer to 10% with particular high growth expecta
Slide 10: Equity Market Division
Equity Market Division Financial performance Divisional performance SUCCESSFULLY increased our share of ASX trading volumes through our clearing business Morrison Securities by 60% in FY22 CONTINUED to attract new wholesale and third party AFSL holders to our platform further enabling the multi serv
Slide 11: Professional Services Division
Professional Services Division Financial performance Divisional performance ACHIEVED dramatic growth of 32% in the number of individual accounting firms or financial planners that used one of our Professional Services in FY22 CAPTURED more share of wallet revenue streams after employing specialist s
Slide 12: Direct Investment Division
Direct Investment Division Financial performance Divisional performance DRAMATICALLY increased the scale of the media distribution, research and adviser technology platforms to enable premium adviser and investor content INVESTMENT in the back end of FY22 by acquisition of the Informed Investor, Cor
Slide 13: Difficult but opportunistic year for the advice industry
Difficult but opportunistic year for the advice industry Inflation, rising interest rates, CV19 pandemic and global tensions all created volatility for investment returns Labour shortages and wage pressures associated with inflation have continued to place pressure on advisers and their licensee’s c
Slide 14: The Sequoia opportunity
The Sequoia opportunity Provide services to a market that primarily consists of Approximately 15,000 financial advisers under approximately 2,000 AFS licensees across Australia 10,000 individual accounting practices and law firms across Australia Australians who have approximately $14 trillion of pr
Slide 15: Questions?
sequoia FINANCIAL GROUP Questions?
Slide 16: CONTACTS
CONTACTS Garry Crole | Managing Director and CEO garrycrole@sequoia.com.au Lizzie Tan | CFO and Joint Company Secretary lizzietan@sequoia.com.au Web: www.sequoia.com.au Phone: +61 (0)3 8548 3333
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