Hub24 Limited · ASX:HUB
Hub24 — Shareholder Meeting (November 2024)
27 slides from Hub24's shareholder meeting presentation, Nov 21, 2024
Slide 1: HUB24 2024 Annual General Meeting - address and presentations
ASX Release: 21 November 2024 HUB24 2024 Annual General Meeting - address and presentations HUB24 Limited (ASX: HUB) attaches the Chair’s address and presentation slides and the Managing Director’s presentation slides to be delivered at HUB24’s 2024 Annual General Meeting today. For further informat
Slide 2: Address by the Chair, Mr Paul Rogan
HUB24 LIMITED - 2024 ANNUAL MEETING Thursday 21 November 2024 Address by the Chair, Mr Paul Rogan Slide 1 - Chair’s address For those of you who I haven’t met before it is my honour to speak to you today for the first time as Chair of HUB24. I was appointed as Chair in November 2023 and having spent
Slide 3: Chair's address continued
With Funds under Administration being a significant contributor to revenue - the 4 Year CAGR in our Group revenue was 42% and Group Underlying EBITDA was 47% over the same period. The Class and NowInfinity businesses also delivered above system growth, while remaining focused on enhancing the custom
Slide 4: Chair's address continued: index inclusion and sustainability
Given the increase in our share price and market capitalisation, HUB24 has been included in the S&P / ASX100 index as of September this year. Slide 5 - Building a sustainable business At HUB24, we recognise the importance of sustainability for the long-term prosperity of our customers, people, share
Slide 5: Chair's address continued: board matters
During the year, we also formalised our commitment to the United Nations Global Compact on human rights, labour, environment and anti-corruption. We’re committed to further embedding our sustainability strategy through all aspects of our business and aligning our actions and progress to the United N
Slide 6: Chair's address
For personal use only Chair’s address Paul Rogan 21 November 2024 Empowering better financial futures, together
Slide 7: FY24 financial highlights
FY24 financial highlights1 For personal use only Revenue Underlying Underlying Underlying EPS EBITDA2 NPAT2 (diluted)2 $327.3m $118.0m $67.8m 81.1cps Up 17% Up 15% Up 15% Up 14% Total FUA Platform FUA Platform net inflows Total dividends3 $104.7b $84.4b $15.8b 38.0cps Fully franked Up 30% Up 35% Up
Slide 8: Consistently delivering growth
Consistently delivering growth For personal use only Funds under administration Group Revenue1 4-YR CAGR +42% 4-YR CAGR +57% Group UEBITDA1 4-YR CAGR +47% $110b Revenue UEBITDA $100b $350m $120m $90b $110m $300m $100m $80b $90m $70b $250m $80m $60b $70m $200m $50b $60m $150m $50m $40b $40m $30b $100
Slide 9: Performance delivering cashflows and shareholder returns
Performance delivering cashflows and shareholder returns For personal use only Group Operating Cashflow Dividends paid and payable2 Total Shareholder Return 4-YR CAGR +43%1 4-YR CAGR +63% 4-YR CAGR +51% 450% $m $m 400% 120 40 350% 100 300% 30 250% 80 200% 60 20 150% 100% 40 50% 10 0% 20 0 0 FY20 FY2
Slide 10: Building a sustainable business
Building a sustainable business For personal use only Diversity & inclusion 76% Top quartile1 50:50 Employee engagement Business ethics & integrity HUB24 Group Board gender diversity Employee Engagement1 Key ESG focus areas Customer Data privacy experience & security Committed to Roadmap for United
Slide 11: For personal use only
For personal use only 6
Slide 12: CEO & Managing Director's address
CEO & Managing For personal use only Director's address 21 November 2024
Slide 13: Empowering better financial futures, together
For personal use only Empowering better financial futures, together
Slide 14: Leading the wealth industry as the best provider of integrated platform, technology & data solutions
Leading the wealth industry as the best provider of integrated platform, technology & data solutions For personal use only Australia’s #1 for annual platform and #2 net inflows across all #1 managed accounts best platform1 retail superannuation net super funds from member capability1 inflows2,3 swit
Slide 15: FY24 financial highlights
FY24 financial highlights1 For personal use only Revenue Underlying EBITDA² Statutory $47.2m Up 24% Total Group $327.3m 17% $118.0m 15% NPAT Platform $252.8m 21% $103.0m 21% Underlying NPAT2 $67.8m Up 15% $70.7m $22.1m Tech 5% 1% Solutions Total dividends 38.0cps Up 17% Fully franked5 Total FUA Plat
Slide 16: FY24 business highlights
FY24 business highlights For personal use only Leadership Growth Innovation Investing for the future HUB24 #1 Platform across Record net inflows of $15.8 billion HUB24 Discover, a cost-effective Strengthening our data major adviser & industry solution designed for less infrastructure and sec
Slide 17: Australia's Best Platform
Australia’s Best Platform For personal use only • Overall Best Advice Platform3 • Overall Satisfaction3 • Best Adviser Experience3 • Best Client Experience3 • Ease of Onboarding3 • Best Investment Options3 • Best Online/Call Centre Support3 • Best BDM Support3 #1 Best Overall Platform1 #1 Overall Sa
Slide 18: HUB24 Platform growth and market share
HUB24 Platform growth and market share Market share increased from ~2% to ~8% over last 4 years1 For personal use only Funds under administration #1 market share gains over last 12 months1 4-YR CAGR +57% HUB24 custody FUA and market share1 $110b $100b 9.0% $100b $90b 7.7% 8.0% $90b $80b 7.0% $80b $7
Slide 19: HUB24 gaining market share
HUB24 gaining market share For personal use only HUB24 ranked #7 with $84b of FUA at June 2024 HUB24 increased market share 4.3% to 7.7% over last three years1 Top 10 platforms by FUA as at June 20241 3-year change in market share of top 10 platforms1 $250b 6.0% % refers to market share Losing marke
Slide 20: Our people & culture
Our people & culture HUB24 Group Values Aligning our teams and For personal use only Strengthening our employee value supporting a high-performance proposition for ongoing success culture 893 76% Top quartile1 Developing our diverse and inclusive culture, supported by new Group values FTE at 30 June
Slide 21: Strategy & outlook
For personal use only Strategy & outlook 10
Slide 22: Significant growth opportunity arising from industry dynamics
Significant growth opportunity arising from industry dynamics Demand for professional Client needs driving Financial professionals Industry transformation For personal use only advice is increasing, innovation need efficiency to drive continuing supply is limited productivity 2.3 million Australians
Slide 23: HUB24 is uniquely positioned to capture this opportunity
HUB24 is uniquely positioned to capture this opportunity For personal use only New wave of industry Driving need for HUB24’s strong position transformation innovative platform & tech solutions Separation of aligned advisers from Data integration and quality continue to Strong relationships with priv
Slide 24: Leveraging our combined capabilities to lead industry change
Leveraging our Be the best provider of integrated platform, To enhance productivity for financial combined capabilities technology and data solutions professionals though to lead industry change For personal use only • One way of doing business with access to market-leading solutions • Single view o
Slide 25: And delivering on our strategic objectives
And delivering on our strategic objectives For personal use only Lead today Create tomorrow Build together Be future ready Consolidate market-leadership Further development of data Advocate for positive industry Continued investment in • Enhanced reporting capabilities infrastructure change attracti
Slide 26: Pursuing profitable growth and maintaining leadership
Pursuing profitable growth and maintaining leadership For personal use only Strong and reliable Disciplined Strong balance sheet, growth from both management to deliver increasing profitability Platform FUA target existing and new EBITDA margin and cash flows (excluding PARS FUA) customer expansion
Slide 27: Disclaimer
Disclaimer SUMMARY INFORMATION RISK OF INVESTMENT For personal use only The material herein is a presentation of general background information about An investment in HUB shares is subject to investment and other known and HUB24 Limited’s (‘HUB’) activities current as at date of presentation. This u