Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Shareholder Meeting (November 2018)
19 slides from Euroz Hartleys's shareholder meeting presentation, Nov 9, 2018
Slide 1: AGM Presentation
AGM PRESENTATION For personal use only November 2018
Slide 2: Company Snapshot
COMPANY SNAPSHOT For personal use only Euroz is a growing and diversified financial services company GROUP FUM MARKET CAPITALISATION DIVIDEND 11 CPS $1.45b 1 $201m 1 52% INCREASE ON FY17 CASH & INVESTMENTS $211m FULLY FRANKED DIVIDENDS $123.4m 1 IN 18 YEARS A strong platform for future diversificati
Slide 3: Group Structure
GROUP STRUCTURE For personal use only Investor Presentation – November 2018 3
Slide 4: Euroz Limited Ownership
EUROZ LIMITED OWNERSHIP For personal use only Increasingly diversified share register Ice Cold Investments 6% Institutions Staff ownership of 39% 16% Retail Increasing institutional ownership 39% Improving liquidity Performance Rights Plan = ongoing capital management Directors 26% Staff 13%
Slide 5: Historical Share Price / NTA
HISTORICAL SHARE PRICE / NTA For personal use only Solid NTA Growth $3.00 Strong balance sheet/zero debt Defensive in difficult markets $2.50 Historical leverage in good markets Western Australia economy and commodity prices improving but volatile $2.00 NTA (A$) $1.50 $1.00 $0.50 $0.00 2006
Slide 6: Audited Full Year Result to June 2018
AUDITED FULL YEAR RESULT TO 30 JUNE 2018 For personal use only Profitability driven by increases in WIC and OZG share prices, performance fee income, equity capital markets activity and growth in group FUM. WIC OZG TOTAL PERFORMANCE INVESTMENT PERFORMANCE INVESTMENT PERFORMANCE FEE REVENUE 1 1 1 39.
Slide 7: Historical Profitability
HISTORICAL PROFITABILITY For personal use only Resource and commodity markets improving but volatile XSR $50 7000 Small Resources - Index $41.9 $40 6000 $31.3 5000 $30 $26.3 $26.6 $26.6 NPAT (A$m)1 $22.2 4000 $19.4 $20 $16.8 $11.8 3000 $10.3 $11.1 $9.2 $10 2000 $3.6 $0.1 $0 2005 2006 2007 2008 2009
Slide 8: Dividend History
DIVIDEND HISTORY For personal use only Euroz has paid $211 million in fully franked dividends over 18 years A$m Annual Dividend Paid Cumulative Dividend paid 220 PAST: 200 Paid $211m dividends over 180 36 consecutive half year periods 160 High payout ratio 140 FUTURE: 120 Aim to increase the b
Slide 9: Stockbroking & Corporate Finance
STOCKBROKING & CORPORATE FINANCE For personal use only Euroz Securities - 18 year history of partnering and supporting clients through research, dealing and corporate finance services Quality equities research is the foundation of our business Research Highly rated research from our team of six
Slide 10: Stockbroking & Corporate Finance: Major transactions in FY18
STOCKBROKING & CORPORATE FINANCE For personal use only Major transactions in FY18 Investor Presentation – November 2018 10
Slide 11: Wealth Management
WEALTH MANAGEMENT For personal use only Entrust Private Wealth Management - 16 year track record Combines its deep knowledge of managed discretionary advice, financial planning and portfolio management with its portfolio administration service to create a comprehensive wealth management solution f
Slide 12: Funds Management: Westoz Funds Management
FUNDS MANAGEMENT For personal use only Westoz Funds Management – “Finding the Best in the West” Westoz Funds Management (WFM) is a 100% owned subsidiary of Euroz Limited established in 2005 WFM manages portfolios of Australian equities on behalf of two listed investment companies, Westoz Investm
Slide 13: Funds Management: Prodigy Investment Partners
FUNDS MANAGEMENT For personal use only Prodigy Investment Partners – boutique funds management joint venture Prodigy Investment Partners (Prodigy) is an 80% owned joint venture between Euroz Limited and former MLC CEO Steve Tucker Flinders Investment Partners (Flinders) was launched in July 2015
Slide 14: Euroz Balance Sheet as at October 2018
EUROZ BALANCE SHEET AS AT 31 OCTOBER 2018 For personal use only Improving balance sheet Strong balance sheet/zero debt Deploying modest capital into Prodigy Market Valuation: $68- $78m enterprise value. Cost Market Look through value1 Westoz $39.0m $38.2m $42.2m Ozgrowth $27.7m $25.3m $30.5m F
Slide 15: Funds Under Management
FUNDS UNDER MANAGEMENT For personal use only Strong organic FUM growth from a diverse range of businesses $1,500 WIC ($164m) OZG ($76m) Funds Management Flinders ($14m) $1,250 $335m Dalton Street ($81m) Entrust ($802m) $1,000 Euroz ($312m) A$m $750 Entrust Wealth Management $802m $500 $250 Euroz Sec
Slide 16: Trading Update
TRADING UPDATE For personal use only Euroz Group Summary Modest first 4 months start to the 2019 financial year Solid performance from Euroz Securities Group FUM steady at $1.45 billion Lower WIC and OZG share prices affecting reported profitability Unaudited break even result forecast to
Slide 17: Trading Update (Cont'd)
TRADING UPDATE (CONT’D) For personal use only Prodigy Investment Partners Sales team making good progress into retail platform market Building good relationships with consultants and platforms New partnership with Equus Point Capital Flinders Investment Partners Excellent continued investmen
Slide 18: Summary
SUMMARY For personal use only Euroz is a growing and diversified financial services company Excellent full year result Established track record provides solid and dividend platform for growth A robust & growing balance Diversification strategy continues sheet Investor Presentation – November 2018 18
Slide 19: Thank You
THANK YOU For personal use only Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com