Slide 1: 2022 Full-Year Results Presentation and Investor Discussion Pack
ASX announcement CountPlus Limited For personal use only 2022 FULL-YEAR RESULTS Presentation and Investor Discussion Pack 26 August 2022 (Sydney). This presentation has been authorised for release to the ASX by the Board of CountPlus Limited. 1
Slide 2: Group Results
For personal use only GROUP RESULTS 2
Slide 3: CountPlus Network
CountPlus Network The CountPlus and Count Financial network includes 3,455 people in 136 firms For personal use only 68 724 2,663 Services Accounting Wealth 3,455 Count Financial member firms CountPlus equity firms 2022 Full-Year Results Presentation 3
Slide 4: 2022 Full-Year Underlying Headline Results
2022 Full-Year Underlying Headline Results For personal use only Aggregated revenue Aggregated contrib. margin Underlying EBITA Underlying NPAT 24% 17% 49% 90% to $221M to $68M to $11.35M to $7.2M Underlying NPAT attr. CountPlus Final Dividend per share Net tangible asset per share Underlying ea
Slide 5: Clarifying our segment performance reporting terminology
Clarifying our segment performance reporting terminology For personal use only • Previously called Core Firms. Accounting • This segment refers to CountPlus equity partnerships in converged accounting and financial planning firms. • As at 30 June 2022 there were 18 equity partners in this segment. •
Slide 6: CountPlus FY2022 Overview
CountPlus FY2022 Overview For personal use only • Underlying EBITA reflecting the group’s trading and M&A activities is $11.35M, an increase of $3.72M (49%) from underlying EBITA in FY2021 of Headline growth $7.63M. Underlying EBITA compares FY2022 and FY2021 by removing the impact of grandfathered
Slide 7: 2022 Full-Year Results: Underlying EBITA analysis
2022 Full-Year Results: Underlying EBITA analysis Reported and underlying EBITA bridge For personal use only Total underlying EBITA increase of $3.72M (+49% growth in FY2022) Growth from acquisitions Basis of analysis: Accounting segment 4Front and SCBA This analysis is prepared by deducting grandfa
Slide 8: CountPlus – aggregation year on year by segment
2022 Full-Year Results Overview CountPlus – aggregation year on year by segment For personal use only FY2021 - $’M FY2022 - $’M Aggregated revenue 178 221 24% Aggregated contribution margin 58 68 17% Underlying segment EBITA 21 28 33% Underlying segment EBITA attributable to CountPlus shareholders 1
Slide 9: Dividend
2022 Full-Year Results Overview Dividend For personal use only • Final FY2022 dividend of 2.00 cents per share, fully franked (Final FY2021 1.50 cents per share). • The Final FY2022 dividend represents 80% of FY2022 maintainable net profit after tax, attributable to CountPlus shareholders, within th
Slide 10: Segment Results
For personal use only SEGMENT RESULTS Incorporating • Accounting • Wealth • Services 10
Slide 11: CountPlus – 100% aggregation by segment
2022 Full-Year Results Overview CountPlus – 100% aggregation by segment For personal use only Total Accounting Wealth Services FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Revenue 220,504 177,795 115,225 106,926 98,851 70,869 6,428 – Fees (8
Slide 12: Wealth
For personal use only Wealth 12
Slide 13: Wealth
Wealth For personal use only Number of Advice Documents 30,000 • Advice documents written up 102% in the past two financial years to 25,000 24,606 24,606 20,000 • Gross Business Earnings (GBE) up 31% from 2020 to $82.07M in 17,690 FY2022 15,000 12,158 • GBE per Adviser up 26% from FY2020 to FY2022 1
Slide 14: Financial adviser numbers update
Financial adviser numbers update Count Financial outperformed the industry, with net Adviser numbers increasing by +30 to 278 in FY2022 For personal use only Total number of advisers in Industry Count Financial Adviser numbers 19,500 285 18,947 280 278 19,000 275 18,500 270 18,000 265 17,500 260 17,
Slide 15: Remediation provision
Remediation provision For personal use only Adjustments in the provision Remediation provision overviewarise due to the increase in the payment threshold from $2,000 to - $’000 Adjustments in the provision arise due to the $3,000 during the FY22 year along with changes to the effect of time value of
Slide 16: Why quality financial advisers are choosing Count Financial
Why quality financial advisers are choosing Count Financial For personal use only • 102% uplift in the production of advice documents in the past two years • 49% increase in revenue per adviser since 2019 Productivity • 30% reduction in statement of advice pages • 95% more automation of variables in
Slide 17: Group cash flow
For personal use only Group cash flow 17
Slide 18: Statutory cash flow bridge
2022 Full-Year Results Overview Statutory cash flow bridge For personal use only Statutory cash flow bridge – 1 July 2021 to 30 June 2022 Cash on hand has decreased in FY2022 from FY2021 due to acquisitions completed during the year. These include: Accounting Services SCBA Accurium 4Front Holdings W
Slide 19: Appendices
Appendices For personal use only Appendices 19
Slide 20: Appendix 1: CountPlus subsidiaries and associates
Appendices Appendix 1: CountPlus wholly-owned subsidiaries, partially owned subsidiaries and associates For personal use only Accounting firms Shareholding Accounting firms Shareholding No. No. Wholly-owned subsidiaries % Associates % 1. Addvantage Financial Freedom Pty Ltd 100.00 13. Southern Cross
Slide 21: Reconciliation of underlying segment EBITA to reported EBITA
Appendices Reconciliation of underlying segment EBITA attributable to CountPlus shareholders to reported EBITA For personal use only Total Accounting Wealth Services FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Underlying segment EBITA attri
Slide 22: Important information
Important information For personal use only This presentation is provided for information purposes only. The information in this Certain statements in this presentation may constitute forward-looking statements or presentation is in a summary form, does not purport to be complete and is not statemen
Slide 23: Thank You
For personal use only Thank You 23