Income Asset Management Group Limited · ASX:IAM
Income Asset Management — Investor Presentation (September 2020)
19 slides from Income Asset Management's investor presentation, Sep 8, 2020
Slide 1: Cashwerkz. Financial Year 2020
SEPTEMBER 2020 Cashwerkz. Financial Year 2020
Slide 2: Disclaimer
D ISCL AIM E R 2 Commercial in Confidence. Not to be shared or reproduced without the authority of Cashwerkz Limited (ACN: 010 653 862). Cashwerkz Group I Cashwerkz Limited ABN 42 010 653 862 AFSL 260033 | Cashwerkz Technologies Pty Ltd ABN 70 164 806 357 AFSL 459645 | Cashwerkz FI Ltd ABN 86 111 27
Slide 3: Note from the CEO
Note from the CEO 3 The Cashwerkz business has, thus far, been focused solely on term As with our Bond Income business, we have entered into deposits. As rates have fallen every year the ability to justify the fee agreements with key global players in this industry to provide we planned to charge, b
Slide 4: We’ve come a long way
We’ve come a long way 2020 4 • New CEO, Jon Lechte, announced April • $5m capital raised May • New business model developed: 2017 – Fixed Interest brokering – Bond Income • Cashwerkz and TAU Group merger – Fund Income for the new 2013 2015 • Adviser dashboard released Incubator business Founded Prod
Slide 5: Technology, product and talent outlook
Technology, product and talent outlook 5 July 2019 – June 2020 July – August 2020 September & beyond Board restructured, John Nantes took Launch the New Bond Offering. Attract world class fund managers to over as Executive Chairman and Craig Fund Income offering institutional Swanger added. Phase on
Slide 6: Cash & Term Deposit updates
Cash & Term Deposit updates 6 Low interest means taking or being paid for the deposit service is increasingly difficult so we have narrowed our focus to the Advised/Platform and institutional market. – Able to offer a fixed annual fee – Able to take margin and provides scale – Enable them to keep co
Slide 7: Bond Income updates
Bond Income updates 7 Customers are looking for better yielding options and more diversification – New business launched in August 2020 – All key hires completed to enable this business to grow – Customer onboarding underway – KYC/AML slowing process but clients are trading – Engage the best platfor
Slide 8: Fund Income updates
Fund Income updates 8 The Fund Incubation sector has a limited number of providers with experience in distribution, technology and AFSLs – Incubator launched – COO and distribution staff in place – CEO search underway with shortlist candidates in final stages – Expect to announce first Fixed Income
Slide 9: The new vision for Cashwerkz.
The new vision for Cashwerkz. 9 To be the “leading authority for income investing in Australia” We plan to achieve this goal through: – Best in breed offering across deposits, bonds and funds management. – Easy to transact and transparent business solutions. – Connecting with well known global brand
Slide 10: Enhanced income offering to institutions, advisers and HNW investors creates additional revenue opportunities
Enhanced income offering to 10 institutions, advisers and HNW investors creates additional revenue opportunities. TDs and Cash Income Bond Income Fund Income We have seen a decline in In today’s environment This sector has a limited number interest rates impacting customer customers are looking for
Slide 11: Product diversification provides increased customer satisfaction & operational efficiency
Product diversification provides 11 increased customer satisfaction & operational efficiency across all businesses. – Leveraging technology and staff infrastructure – Best in class new resources to support growth, product and innovation opportunities – Operational efficiency and excellence – Optimis
Slide 12: Enhanced income offering provides greater product choice, higher margin and revenue opportunities
Enhanced income offering to institutions, and 12 advisors provides greater product choice, higher margin and revenue opportunities Scalable core infrastructure needed to be successful are in place AFSLs – CWZ Ltd, CWZ FI, CWZ Tech – Trustees Australia – Deposits, Debt instuments, MIS, Responsible En
Slide 13: Attracting key talent has been effective
Attracting key talent has been effective in driving positive culture
Slide 14: Financials
Financials Cashwerkz.
Slide 15: Normalised Results
Normalised Results 15 Cashwerkz – Consolidated Jun-20 Jun-19 $'000 $'000 REVENUE FROM ORDINARY ACTIVITIES Financial services income 900 889 EXPENSES FROM ORDINARY ACTIVITIES Business operating costs (1,338) (1,360) Employment expenses (4,327) (3,299) Property operating expenses (65) (251) Other expe
Slide 16: Statutory results
Statutory results 16 Cashwerkz – Consolidated Jun-20 Jun-19 $'000 $'000 Financial services income 1,269 1,153 TOTAL REVENUE 1,269 1,153 EXPENSES Business operating costs (1,338) (1,360) Depreciation and amortisation (1,463) (1,311) Employment expenses (4,644) (4,284) Finance costs (26) (215) Propert
Slide 17: Balance Sheet
Balance Sheet 17 Cashwerkz – Consolidated Jun-20 Jun-19 % Change $'000 $'000 ASSETS CURRENT ASSETS Cash and cash equivalents 4,234 5,153 -18% Trade and other receivables 477 381 25% Other current assets 347 355 -2% TOTAL CURRENT ASSETS 5,058 5,889 -14% NON-CURRENT ASSETS Intangibles 7,648 8,884 -14%
Slide 18: Cash Flow
Cash Flow 18 Cashwerkz – Consolidated Jun-20 Jun-19 $'000 $'000 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 1,204 913 Payments to suppliers and employees (6,753) (6,069) Interest received 42 119 Finance costs (26) (1) NET OPERATING CASH FLOWS (5,533) (5,038) CASH FLOWS FROM INVESTIN
Slide 19: Thank you
Thank you Cashwerkz Limited ABN: 42 010 653 862 Level 5, 66 Clarence St, Sydney, NSW, 2000 Level 1, 262 Adelaide St, Brisbane, QLD, 4000 1300 784 132 cashwerkz.com.au
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