Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2023)
17 slides from Bell Financial's shareholder meeting presentation, Apr 19, 2023
Slide 1: 2023 AGM – Executive Chairman's Presentation
19 April 2023 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 2023 AGM – EXECUTIVE CHAIRMAN’S PRESENTATION Please find attached a copy of the presentation to be given by the Executive Chairman at Bell Financial Group Limited’s Annual General Meeting today. For more infor
Slide 2: 2023 Annual General Meeting
2023 ANNUAL GENERAL MEETING Wednesday 19 April 2023 Bell Financial Group 2023 2021 AGM 1
Slide 3: Agenda
AGENDA 2022 Overview 2023 Market Update 1 Reports for 2022 2 Re-election of director 3 Remuneration Report Bell Financial Group 2023 2021 AGM 2
Slide 4: Executive Chairman's Presentation
EXECUTIVE CHAIRMAN’S PRESENTATION Alastair Provan 19 April 2023 Bell Financial Group 2023 2021 AGM 3
Slide 5: 2022 Overview
2022 OVERVIEW REVENUE PROFIT AFTER TAX EARNINGS PER SHARE DIVIDEND PER SHARE $237.5m $25.7 m 8.0¢ share 7.0¢ share 18.7% decrease on 2021 41.8% decrease on 2021 42.0% decrease on 2021 36.4% decrease on 2021 DIVIDEND YIELD (GROSS) RETURN ON EQUITY EBITDA MARGIN PE MULTIPLE 10.2% 15.7% 17.1% 12.2 time
Slide 6: 2022 Overview
2022 OVERVIEW Revenue and Earnings for 2022 directly reflect prevailing market conditions. • 2022 revenue was down 18.7% on 2021, due in the main to lower Equity Capital Markets revenue, and to a reduction in equities execution revenue. • 2022 Earnings Per Share (EPS) of 8.0 cents. • 2022 Profit aft
Slide 7: 2022 Overview
2022 OVERVIEW We have a solid cash-backed balance sheet with no core operating debt EBITDA Margin BFG Share Price Movement 25.0% January 2017 - December 2022 23.4% 200% $2.00 22.6% 20.0% $1.75 150% 19.3% 17.3% 17.1% $1.50 15.0% 100% $1.25 10.0% 50% $1.00 0% 5.0% $0.75 -50% $0.50 0.0% 2-Jan-17 2-Jan-
Slide 8: 2022 Overview
2022 OVERVIEW Funds Under Advice ($B) * PAS ($B) CHESS Sponsored Holdings ($B) 4.1% decrease on 2021 4.3% decrease on 2021 6.8% decrease on 2021 80 80.0 4.5 69.0 CAGR +12.2% 66.0 4.0 CAGR +6.3% (5-YR) 70 75.9 70.0 (5-YR) CAGR +11.7% 72.8 (5-YR) 57.5 3.5 3.8 60 60.0 52.1 3.6 63.9 3.6 3.0 3.4 58.4 32.
Slide 9: Corporate Structure & Business Units
CORPORATE STRUCTURE & BUSINESS UNITS BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL • Retail Equities • Bell Potter Portfolio Lending (Domestic & International) Private Client online share trading • Bell Financial Trust platform • Institutional Equities • Structured Loan P
Slide 10: Broking - Retail & Institutional
BROKING - RETAIL & INSTITUTIONAL • Brokerage from our Institutional and Retail desks & Commodities and FX was $103.3m for the year, down 10.9% on the p.c.p. • $57.0 million in ECM and Syndication fee income, down 45.4% on the p.c.p, a direct reflection of the domestic and global downturn in ECM tran
Slide 11: Broking - Retail & Institutional Equity Capital Markets and Syndication
Page 10 BROKING - RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION $6.5m Placement $5m NREO $10m Placement & SPP $4m Placement $6.5m Placement $296.2 Placement $7.4m IPO January 2022 January 2022 January 2022 February 2022 February 2022 February 2022 February 2022 Joint Lead Manager & J
Slide 12: Broking - Retail & Institutional Equity Capital Markets and Syndication
Page 11 BROKING - RETAIL & INSTITUTIONAL EQUITY CAPITAL MARKETS AND SYNDICATION Bell Financial Group 2023 AGM 11
Slide 13: Broking - Retail & Institutional
Page 12 BROKING - RETAIL & INSTITUTIONAL Bell Financial Group 2023 AGM 12
Slide 14: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period • $30.4 million in Revenue. • $6.2 million Profit After Tax. • $31.5 billion in Sponsored Holdings. • 253,000 client accounts. • Sponsored holdings were down 2.6% versus the S&
Slide 15: Products & Services
PRODUCTS & SERVICES Revenue($M) Profit After Tax ($M) 45 41.9 12 CAGR +7.6% 39.9 11.1 CAGR +8.1% • $41.9 million in Revenue. 40 (5-YR) 37.2 (5-YR) 10.5 35.0 10 9.3 • $11.1 million Profit After Tax. 35 31.3 8.1 8.2 21.5 4.1 5.0 30 8 • $496 million loan book at 31 December 2022, down 19.3 22.5 2.2 1.8
Slide 16: Strategy
STRATEGY Investment in proprietary technology, platforms and our products and services is key to the future for growth of the business. • Both our Technology & Platforms and our Products & Services businesses recorded record revenues and record profits for the year. • Combined revenues of $72.3 mill
Slide 17: 1Q 2023 Update
1Q 2023 UPDATE REVENUE • A quieter start to the year. • Group revenue was $53.3m (unaudited) for the first quarter ending 31 March, a 6.1% decrease on the p.c.p. $53.3m (unaudited) 6.1% decrease on Q1 2022 • Group profit before tax was $5.8m (unaudited), a 29% decrease on the p.c.p. • Funds Under Ad
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