Fiducian Group Ltd · ASX:FID
Fiducian — H1 FY2025 Earnings Presentation
22 slides from Fiducian's earnings presentation, Feb 17, 2025
Slide 1: FY 2025 Half-year Results
FY 2025 Half-year Results INVESTOR PRESENTATION Indy Singh – Executive Chairman, Fiducian Group Rahul Guha – Executive Chairman, Fiducian Services and Group CFO Sydney, 17 February 2025 1
Slide 2: Agenda
Agenda FY2025 Half-year Update • Business Overview • Financials • Key Dates and Contacts 2
Slide 3: FY2025 Half-Year: Platform Administration
FY2025 Half-Year: Platform Administration Core Fiducian platform1 • Net inflows $186 million in first half from aligned financial advisers • Almost 100% of new Inflows are invested through Fiducian platform and in Fiducian multi-manager funds • Funds Under Administration (FUAdm): • $3,238 million as
Slide 4: Platform Administration
Platform Administration • Annualised Revenue 60 basis points on average FUAdm including margins from cash held in the platform and expense recovery fee • Both Salaried and Franchised networks contributing to the Net Inflows • Combination of organic flows from active referrals and inorganic flows fro
Slide 5: Platform Administration – Auxilium and Badges
Platform Administration – Auxilium and Badges • Low-cost value proposition, Auxilium, directly competing to disrupt the existing disruptor platforms through in-house technology, extensive product menu, advanced reporting capabilities and high standard of service • Total of five badges gaining moment
Slide 6: FY2025 Half-Year: Funds Management
FY2025 Half-Year: Funds Management • Funds Under Management (FUM): • $4,819 million as at December 2023 ($4,561 million 6 monthly average) • $5,572 million as at December 2024 ($5,420 million 6 monthly average) • $5,717 million as at January 2025, an increase of 25% over December 2023 6-monthly aver
Slide 7: Funds Management
Funds Management • Consistently superior results over long term against the world’s best fund managers in the Australian market over long term • Over 20 years, the four Fiducian diversified funds ranked in the top decile to top quartile in 37 out of 64 readings against up to 168 fund managers on Zen
Slide 8: Funds Management
Funds Management • Fiducian fund fees are similar to other single manager funds fees • Highly defensible products for Advisers (RG175.346) • Added benefits for clients are access to multiple managers whose fees are paid by Fiducian through the relevant Fiducian Funds • As volumes increase Fiducian m
Slide 9: FinTech Capabilities
FinTech Capabilities • Proven and time-tested Fintech capabilities underpin Fiducian’s successful business model • Market leading in-house systems: • ‘Fastrack’ Platform Administration System • ‘FORCe’ Adviser driven Financial Planning Software • ‘Fiducian Online’ holistic Client reporting • New Fid
Slide 10: FY2025 Half-Year: Financial Planning
FY2025 Half-Year: Financial Planning • Enabler of steady flows to Funds and Platform • 78 Financial Advisers numbers and 47 offices • Inflow targets raised up to $6 million for each Financial Adviser • Revenue targets raised 10% to 20% per annum for Salaried Advisers BUSINESS OVERVIEW 10
Slide 11: Financial Planning
Financial Planning • Funds Under Advice (FUA): • $4,737 million as at December 2023 • $4,956 million as at December 2024 • $1,557 million in external platforms – work underway to transition to proven & successful compliant Fiducian process where in clients’ best interest • Estimated $0.4 billion non
Slide 12: Staffing
Staffing • December 2024 staff number 171 (compared to 167 in December 2023) – increase to support business growth. • Staff loyalty and knowledge base remain high. • Continuing training and professional development assist with growth, efficiency and motivation • Staff retention is key and remains hi
Slide 13: Financials
Financials 13
Slide 14: FY 2025 Half-Year Financial Highlights
FY 2025 Half-Year Financial Highlights FINANCIALS 14
Slide 15: Segment Reporting
Segment Reporting FINANCIALS 15
Slide 16: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index • Since Jun 12, FID has outperformed All Ords by 1211% (including dividend) • Dividend pay-out policy is 60-80% of Underlying Net Profit After Tax • H1 2025 dividend is 21.90 cents FINANCIALS 16
Slide 17: Dividends – $1,000 invested on 1 July 2012
Dividends – $1,000 invested on 1 July 2012 • The graph shows that $1,000 invested in FID on 1 July 2012 delivered a fully franked dividend of $443.30 in last two periods alone • Double digit Underlying EPS growth (based on UNPAT) in 19 out of 25 years since listing FINANCIALS 17
Slide 18: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth ✓ Consistent FUMAA growth from strong organic and inorganic inflows ✓ Increase in FUA as proportion of FUMAA reflects recent acquisition Explanatory Notes: • FUA includes assets held in Fiducian and External platforms • FUM includes cr
Slide 19: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation The following is a conceptual extrapolation* of how increasing scale lifts EBITDA at an accelerating rate above a relatively fixed cost base: • This is not a projection Funds under Management, Administration and Advice (FUMAA) & EBITDA or a forward
Slide 20: Key Dates and Contacts
Key Dates and Contacts FY2025 Half-years Results Investor Presentation (Online) • Time / Date: 12:30 to 1:30 pm AEST, Monday 17 February 2025 • Registration details (Teams): https://events.teams.microsoft.com/event/4886ccc1-d4cb-4235-b403- 1d2310cd48f6@24ec2ea6-6a77-4010-83d1-3055e62ef67d/registrati
Slide 21: Disclaimer
Disclaimer Information in this document and given in the presentation is of a general nature. It is not intended to be, nor does it, constitute financial, legal or tax advice. The information is given in good faith and, although care has been exercised in compiling it, Fiducian Group Limited and the
Slide 22: Disclaimer
Disclaimer Source: Zenith funds survey. © FE fundinfo (Australia) Pty Limited ABN 18 601 868 311 (FE fundinfo), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1297668. Data provided by FE fundinfo does not constitute fi