Bell Financial Group Limited · ASX:BFG
Bell Financial — Bell Potter Emerging Leaders Conference 2023
23 slides from Bell Financial's conference presentation, Sep 12, 2023
Slide 1: Bell Potter Emerging Leaders Conference 2023
12 September 2023 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 BELL POTTER EMERGING LEADERS CONFERENCE 2023 Please find attached a copy of Bell Financial Group’s presentation today at the Bell Potter Emerging Leaders Conference. For more information, contact: Cindy-Ja
Slide 2: Bell Financial Group (ASX:BFG)
BELL FINANCIAL GROUP (ASX:BFG) We are an Australian owned Diversified Financial Services Business. We provide traditional financial advisory, research and Equity Capital Markets services to private, institutional, and corporate clients. We have in addition, over the last 10 years, developed a number
Slide 3: Contents
CONTENTS 1 Bell Financial Group 3 2 Corporate Structure 6 3 Group Financial Summary 11 4 Strategy 16
Slide 4: Bell Financial Group
BELL FINANCIAL GROUP BELL FINANCIAL GROUP
Slide 5: Bell Financial Group
BELL FINANCIAL GROUP Bell Financial Group is a leading Australian financial services business. LONDON NEW YORK HONG KONG KUALA LUMPUR ▪ 11 offices across Australia plus offices in London, New York, Hong Kong and Kuala AUSTRALIA Lumpur 1970 2001 2003 2007 2008 2012 2018 2020 Bell Acquired Acquired Li
Slide 6: Bell Financial Group board and senior management
BELL FINANCIAL GROUP ▪ Professional board with deep industry understanding. ▪ A deliberately flat management structure that is experienced, stable and has a substantial shareholding in the business. BELL FINANCIAL GROUP BOARD Alastair Provan Graham Cubbin Brian Wilson AO Christine Feldmanis Executiv
Slide 7: Corporate Structure
CORPORATE STRUCTURE BELL FINANCIAL GROUP
Slide 8: Corporate Structure
CORPORATE STRUCTURE BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL Six distinct business units operate within Third Party Platform: • Retail Equities • Bell Potter Portfolio Lending (Domestic & International) 1. Private Client online share trading platform • Bell Financial
Slide 9: Broking – Retail & Institutional
BROKING – RETAIL & INSTITUTIONAL • 300 Financial Advisers servicing retail, wholesale and institutional client accounts. • Successfully executed 57 ECM transactions YTD August 2023, raising in excess of $1.1 billion in new equity capital. • $38.7 billion in Sponsored Holdings at 31 August 2023. • Ou
Slide 10: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period. ▪ $24.5 million in Revenue. ▪ $6.2 million Profit After Tax. ▪ $33.9 billion in Sponsored Holdings. ▪ 265,000 client accounts. Revenue ($M) Profit After Tax ($M) Sponsored Hol
Slide 11: Products & Services
PRODUCTS & SERVICES Consistent growth in revenue and profit over an extended period. Revenue ($M) Profit After Tax ($M) ▪ $29.8 million in Revenue. 50 12 11.1 CAGR +7.6% (5-YR) CAGR +8.1% 10.5 ▪ $7.9 million Profit After Tax. 39.9 41.9 (5-YR) 37.2 9.3 40 ▪ $506 million loan book at 31 August 35.0 9
Slide 12: Group Financial Summary
GROUP FINANCIAL SUMMARY BELL FINANCIAL GROUP
Slide 13: Group Financial Summary
GROUP FINANCIAL SUMMARY Market conditions remain challenging for Retail and Institutional broking, while revenue and earnings continue to grow in our Technology & Platforms and Products & Services businesses. Revenue ($M) Earnings Per Share (Cents) Profit After tax ($M) Dividend Paid ($M) and Gross
Slide 14: Group Financial Summary (Cont.)
GROUP FINANCIAL SUMMARY (CONT.) We have a solid cash-backed balance sheet with no core operating debt EBITDA Margin Return on Equity Balance Sheet As at 31 August 2023 25% 35% $M 23.4% 30% 22.6% 20% Cash 95.0 29.0% 19.3% 25% 26.4% Net assets 235 17.3% 17.1% 15% 20% 22.0% 15.7% 15.5% Net tangible ass
Slide 15: Investment in Growing Revenue Streams
GROUP FINANCIAL SUMMARY (CONT.) INVESTMENT IN GROWING REVENUE STREAMS Investment in proprietary technology, platforms and our products and services and is key to the future for growth of the business. ▪ Revenues of $54.2 million, a 16.0% increase on the p.c.p., representing 35% of total Group revenu
Slide 16: Group Funds Under Advice (FUA)
GROUP FINANCIAL SUMMARY (CONT.) GROUP FUNDS UNDER ADVICE (FUA) Funds Under Advice ($B) * CHESS Sponsored Holdings ($B) PAS ($B) 4.5% increase on December 2022 10.0% increase on December 2022 11.4% increase on December 2022 80 80.0 72.6 4.5 CAGR +12.2% 69.0 CAGR +6.3% (5-YR) 66.0 4.0 70 CAGR +11.7% 7
Slide 17: Strategy
STRATEGY BELL FINANCIAL GROUP
Slide 18: Strategy
STRATEGY ▪ Our strategy has been consistent over many years. Growth through our various well established broking and capital markets desks, increasingly led by investment in leading edge proprietary technology and a range of complementary products and services. ▪ Our investment in technology benefit
Slide 19: Technology & Platforms: A multi purpose solution
STRATEGY (CONT.) TECHNOLOGY & PLATFORMS A multi purpose solution SMA’s/ Branded High Net Institutional DIY Clients Advisers Managed White Brokers Wealth Brokers Accounts Labels Page 18
Slide 20: Technology & Platforms: strategy and competitive advantage
STRATEGY (CONT.) TECHNOLOGY & PLATFORMS A multi purpose solution Strategy Leverage our core proprietary technology and robust API integration to target all segments of the wealth industry. We aim to position ourselves as a leading multi-purpose platform provider in the market, delivering exceptional
Slide 21: Products and Services: Business Overview
STRATEGY (CONT.) PRODUCTS AND SERVICES Business Overview ▪ Established 2006 and profitable since inception ▪ Ability to scale without significant addition to cost base ▪ Multiple external growth opportunities through platform integration and partnerships ▪ Approximately one third of revenue is curre
Slide 22: Products and Services: Strategy
STRATEGY (CONT.) PRODUCTS AND SERVICES Strategy ▪ Multiple external growth opportunities through platform integration and partnerships ▪ Service the full spectrum of clients and their investment structures ▪ Support both Self Directed and Advised investors ▪ Provide a broad range of product to suppo
Slide 23: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as
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