Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2015)
23 slides from Prime Financial's shareholder meeting presentation, Nov 24, 2015
Slide 1: 2015 Annual General Meeting
24 November 2015 Prime Financial Group Ltd For personal use only ACN 009 487 674 Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Company Announcements Office Fax 03 9827 9100 Australian Securities Exchange Limited enquiries@primefinancial.com.au www.pr
Slide 2: Chairman's Address
24 November 2015 Prime Financial Group Ltd For personal use only ACN 009 487 674 Level 17, Como Office Tower 644 Chapel Street PO Box 6105 2015 ANNUAL GENERAL MEETING South Yarra VIC 3141 Tel 03 9827 6999 Chairman’s Address Fax 03 9827 9100 enquiries@primefinancial.com.au www.primefinancial.com.au I
Slide 3: Chairman's Address (closing)
In closing, I would like to thank our shareholders for their continued support of Prime during the year, in particular those shareholders who have been able to attend today’s For personal use only meeting. I assure you that the Board and Management are working hard to realise Prime’s potential and g
Slide 4: Annual General Meeting November 2015
For personal use only Annual General Meeting 24 November 2015 Helping clients protect assets and build wealth
Slide 5: Welcome
Welcome For personal use only DIRECTORS Stuart James – Chairman Simon Madder – Managing Director/CEO Peter Madder – Executive Director/CFO/Company Secretary Paul Cowan – Non-Executive Director AUDITORS William Buck Audit (VIC) Pty Ltd SHARE REGISTRY Computershare Investor Services
Slide 6: Agenda
Agenda For personal use only Chairman’s Address – Stuart James Managing Directors/CEO’s Presentation – Simon Madder Business of the Meeting
Slide 7: Managing Director/CEO's Presentation
For personal use only Managing Director/CEO’s Presentation Simon Madder Helping clients protect assets and build wealth
Slide 8: Who we are
Who we are For personal use only Prime Financial Group is an ASX Listed Integrated Wealth Management Firm for business owners and family groups Prime’s goal is to become the Premier Partner to Accountants for Growth, Succession and Integrated Wealth Management and to deliver personalised advice to c
Slide 9: How we work
For personal use only How we work
Slide 10: FY2015 Results Summary
FY2015 Results Summary For personal use only Reported Loss Before Tax after Impairment ($19.43M) Impairment $23.19M Underlying Profit Before Tax (excluding impairment) $3.76M up 3% Underlying Profit After Tax (excluding impairment) $2.70M up 3% EPS of 1.9 CPS (excluding impairment) up 3%
Slide 11: Key Developments: Marketing & Technology
Key Developments For personal use only Marketing & Technology New Prime & Accounting Partner Wealth Management Mobile & Social enabled Websites www.primefinancial.com.au Development & deployment of Digital & Social channel strategy and content plus production capability Implementation of Cloud
Slide 12: Key Developments: Investment Advice
Key Developments For personal use only Investment Advice Broadening of Prime Client Asset Allocation Model enabled by new Investment Management Technology Platform Significant Value Added by Prime Separately Managed Accounts (SMA’s) Prime SMA’s Portfolio Performance PRE–FRANKING CREDITS 1 YEAR P
Slide 13: Key Developments: Resourcing and Funding for Growth
Key Developments For personal use only Resourcing Implementation of increased centralised resourcing plus a global resourcing model for efficiency and growth Funding for Growth On 2 October 2014 Prime completed a funding arrangement through Prime Accounting & Wealth Management Pty Ltd (PWM). Pri
Slide 14: FY2015 Results Summary
FY2015 Results Summary For personal use only FINANCIAL RESULTS FY15 $M FY14 $M % CHANGE Profit/(Loss) Before Tax (19.43) 3.66 -631% Profit/(Loss) After Tax (20.49) 2.63 -879% Basic & Diluted Earnings (cents per share) (14.1) 1.8 -879% Dividend Paid & Proposed (cents per share) 0.80 0.80 (Fully frank
Slide 15: FY2015 Results Summary: Detailed Financial Results
FY2015 Results Summary For personal use only DETAILED FINANCIAL RESULTS FY 15 $M FY 14 $M % CHANGE Wealth Management – New Business Revenue 2.32 2.27 +2% – Recurring Revenue 7.48 7.63 -2% – Licensing Revenue 0.35 0.50 -30% Total Wealth Management Revenue 10.15 10.40 -2% Accounting Investees 1.80 1.8
Slide 16: FY2015 Results Summary: Operational and FUM
FY2015 Results Summary For personal use only % OPERATIONAL FY 15 FY 14 CHANGE Group Operating Margin (Excluding Impairment) 30% 29% +3% Total FUM ($B) 1.051 1.058 -1% FUNDS UNDER MANAGEMENT (FUM) FY 15 $M Opening FUM 1,058 FUM – New 90 FUM – Outflow (55) Implied Market Movement (42) FUM – Net Total
Slide 17: FY2015 Results Summary: Summary Balance Sheet
FY2015 Results Summary For personal use only SUMMARY BALANCE SHEET 30/06/2015 $M 30/06/2014 $M Current Assets Cash 0.6 0.3 Other Current Assets 2.4 4.4 Non Current Assets Receivables 0.6 4.0 Plant & Equipment - 1.1 Investments 47.4 62.4 Total Assets 51.0 72.2 Current Liabilities Payables/Provisions
Slide 18: Business of the Meeting
Business of the Meeting For personal use only Consideration of the Financial Statements Note: There is no requirement for the shareholders to approve these statements Adoption of the Remuneration Report Re-Election of Director – Mr. Paul Cowan
Slide 19: Resolution: Remuneration Report
Resolution 1 For personal use only To consider and, if thought fit, to pass (with or without modification) the following as a non-binding ordinary resolution: “That the Remuneration Report for the year ended 30 June 2015 forming part of the Director’s Report be adopted by the members” Note: A vo
Slide 20: Resolution: Re-election of Director
Resolution 2 For personal use only To consider and, if thought fit, to pass (with or without modification) the following as an ordinary resolution: “That Mr. Paul Cowan, a Director retiring by rotation in accordance with the Company’s Constitution, and offering himself for re-election, be re-elect
Slide 21: Thank you
For personal use only Thank you Helping clients protect assets and build wealth
Slide 22: Contact
Contact For personal use only Simon Madder Managing Director/CEO Prime Financial Group Ltd Level 17, Como Office Tower 644 Chapel Street South Yarra VIC 3141 Tel (03) 9827 6999 Fax (03) 9827 9100 simonm@primefinancial.com.au
Slide 23: Prime Financial Group Ltd
For personal use only Prime Financial Group Ltd ACN: 009 487 674 Head Office Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 Client Services 1800 064 959 clientservices@primefinancial.com.au www.primefinancial.com.au LinkedIn: Prime Fi
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