Hub24 Limited · ASX:HUB
Hub24 — Shareholder Meeting (November 2020)
21 slides from Hub24's shareholder meeting presentation, Nov 26, 2020
Slide 1: AGM Presentation
For personal use only AGM PRESENTATION 26TH NOVEMBER 2020 ANDREW ALCOCK MANAGING DIRECTOR 1
Slide 2: We make a difference in our customers' lives
For personal use only We make a difference in our customers’ lives by connecting them to innovative solutions that create better investment outcomes 2 2
Slide 3: Financial Highlights FY20
For personal use only Underlying NPAT³ FINANCIAL HIGHLIGHTS FY20 $10.1m Up 49% Statutory NPAT³ $74.3m $28.7m $8.2m Up 15% 37% Platform Revenue 59% Platform Underlying EBITDA3 FUA at 30 June 2020 ¹ $17.2bn Up 34% $24.7m 38.6% FUA now $19bn as at 30 September 2020⁴ Up from 60% Group Underlying 33.3% P
Slide 4: Business Highlights FY20
For personal use only BUSINESS HIGHLIGHTS FY20 Maintaining focus Industry awarded Continued Maintaining 2nd Market-leader in Maintaining on our customers & recognised strong pipeline place quarterly & managed portfolios¹ momentum and and our people • Institutions annual net flows progressing during
Slide 5: Platform Segment Results
For personal use only PLATFORM SEGMENT RESULTS FUA GROWTH DELIVERING SCALE BENEFITS Platform Revenue and Expenses ($m)2 Platform EBITDA 80.0 margin continued to 60.0 expand with scale 40.0 20.0 Investment made in FY19 was leveraged 0.0 FY16 FY17 FY18 FY19 FY20 Revenue Expenses Linear (Revenue) Linea
Slide 6: Platform Revenue, FUA & Flows
For personal use only PLATFORM REVENUE, FUA & FLOWS Platform providers net flow share to underlying market Platform Revenue & FUA¹ share ratio $bn $m Specialist Institutional Ratio of net flow market share 12 80 platforms platforms to underlying market share 70 10 150.00 60 8 50 100.00 6 40 Increasi
Slide 7: Delivering YoY Growth in the Context of COVID-19
For personal use only DELIVERING YOY GROWTH IN THE CONTEXT OF COVID-19 Incumbents continue to divest Seamlessly transitioned to HUB24’s managed portfolios Market volatility has wealth management remote working without delivered tangible benefits for highlighted need for businesses. Licensees and cus
Slide 8: HUB24 Recognised for Functionality & Customer Service
For personal use only HUB24 CONTINUES TO BE RECOGNISED BY THE INDUSTRY FOR FUNCTIONALITY & CUSTOMER SERVICE 1st Managed 1st Product Equal 1st 2nd Adviser 2nd Adviser Ranked 2nd Platform Accounts Offer & Platform satisfaction³ advocacy³ Top 2 in 17 Net Promoter Functionality integration² Service² out
Slide 9: HUB24 Leads the Market in Managed Portfolios
For personal use only HUB24 LEADS THE MARKET IN MANAGED PORTFOLIOS, AND IS CONTINUING TO INNOVATE Industry awarded & Demonstrating value in We’re providing the recognised current market conditions market’s leading solution 1st Managed Accounts Functionality¹ Efficient & consistent portfolio Extensiv
Slide 10: Strategic Acquisitions
For personal use only STRATEGIC ACQUISITIONS 10
Slide 11: Overview: Position HUB24 for Ongoing Success
For personal use only OVERVIEW POSITION HUB24 FOR ONGOING SUCCESS Strengthening position as leading Specialist Platform Provider Market leader in non-custody, direct HIN solutions Proposed Enhanced capabilities including bonds and international domiciled managed funds Acquisition of XPL1 for $60m St
Slide 12: A Series of Compelling Acquisitions
For personal use only A SERIES OF COMPELLING CONSOLIDATING HUB24’S LEADERSHIP IN THE SPECIALIST PLATFORM SECTOR ACQUISITIONS Funds Under Administration 1 A significant increase in FUA to $42bn comprising $28bn in custody and $14bn in non-custody $28bn Custody $14bn Non-custody Provides scale, capabi
Slide 13: Repositioning HUB24 Branding to Align with Customer Propositions
For personal use only REPOSITIONING HUB24 BRANDING TO ALIGN WITH OUR CUSTOMER PROPOSITIONS TODAY MOVING FORWARD 1 PLATFORM TECHNOLOGY Brand retirement Proposed Agility solutions divestment SOLUTION FOR SOLUTIONS FOR continue under to Easton LICENSEES, LICENSEES , HUBconnect Investments ADVISERS & BR
Slide 14: Timetable
For personal use only TIMETABLE These dates are indicative and subject to change EVENT DATE Completion of Ord Minnett’s PARS acquisition 27 November 2020 XPL First Court Hearing 18 December 2020 EAS Share Placement and Divestment of Paragem 29 January 2021 complete1 XPL Securityholders meetings to a
Slide 15: Outlook
For personal use only OUTLOOK 15
Slide 16: Deliver on Our Strategic Initiatives
For personal use only DELIVER ON OUR STRATEGIC INTIATIVES STRATEGIC INITIATIVE ACTIVITY Continued Continued investment in our platform proposition to deliver choice and efficiency platform Proposed Xplore Wealth acquisition to provide High Net Worth capabilities enhancement Enhanced digital onboardi
Slide 17: Deliver on Our Strategic Initiatives
For personal use only DELIVER ON OUR STRATEGIC INITIATIVES STRATEGIC INITIATIVE ACTIVITY Leader in non- Delivering capability and scale in non-custody platform services with seamless integration and market custody leadership in Direct HIN services administration services & reporting • Acquisition of
Slide 18: Moving Forward
For personal use only MOVING FORWARD Create customer & shareholder value PURSUE GROWTH • Leverage existing adviser and licensee opportunities to underpin We are positioning HUB24 as the platform growth and convert new opportunities from strong pipeline leading provider of integrated • Seek new oppor
Slide 19: Questions
For personal use only QUESTIONS 19
Slide 20: Disclaimer
For personal use only DISCLAIMER SUMMARY INFORMATION control of HUB. HUB does not guarantee any particular rate of return or the performance of HUB nor does it guarantee the The material herein is a presentation of general background repayment of capital from HUB or any particular tax treatment. inf
Slide 21: For personal use only
For personal use only