Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Investor Presentation (February 2018)
21 slides from Euroz Hartleys's investor presentation, Feb 2, 2018
Slide 1: Investor Presentation
Investor Presentation For personal use only February 2018
Slide 2: Company Snapshot
Company Snapshot Euroz is a growing and diversified financial services company For personal use only Group FUM Market capitalisation $1.4b1 $191.6m1 $196m Cash & investments increasing $122m1 fully franked dividends in 18 years A strong platform for future diversification and growth Note 1: As at 31
Slide 3: Group Structure
Group Structure For personal use only Investor Presentation – February 2018 3
Slide 4: Euroz Limited Ownership
Euroz Limited Ownership For personal use only Ice Cold Investments 6% Institutions Staff ownership of 38% 15% Retail Increasing institutional ownership 41% Improving liquidity Directors 25% Performance Rights Plan = ongoing capital management Staff 13% As at 25 January 2018 High staff owners
Slide 5: Historical Share Price/NTA
Historical Share Price/NTA For personal use only $3.00 Strong balance sheet/zero debt $2.50 Defensive in difficult markets Historical leverage in good markets $2.00 Western Australia and commodity prices improving but volatile NTA (A$) $1.50 $1.00 $0.50 $0.00 2006 2007 2008 2009 2010 2011 20
Slide 6: Unaudited Half Year Results
Unaudited Half Year Results Profitability driven by increases in WIC and OZG share prices, equity capital For personal use only markets activity and growth in group FUM Euroz Securities WIC investment 22% performance equity raisings OZG investment $270m 29.3% performance Group FUM up Net profit afte
Slide 7: Historical Profitability
Historical Profitability For personal use only Strong past correlation to resource markets (Small Resources Index) Strategy is to generate diverse revenue steams whilst maintaining traditional upside leverage to resources XSR $50 7000 Small Resources - Index $41.9 $40 6000 5000 $30 $26.3 $26.6 $
Slide 8: Dividend History
Dividend History Euroz has paid $196 million fully franked dividends over 18 years For personal use only A$m Annual Dividend Paid Cumulative Dividend paid 220 200 180 Past: 160 Paid $196m dividends over 140 35 consecutive half year periods 120 High payout ratio 100 Future: 80 Aim to increase t
Slide 9: Stockbroking & Corporate Finance
Stockbroking & Corporate Finance Euroz Securities - 18 year history of partnering and supporting clients through For personal use only research, dealing and corporate finance services oz Securities Quality equities research is the foundation of our business Research Highly rated research from ou
Slide 10: Wealth Management
Wealth Management Entrust Private Wealth Management - 15 year track record For personal use only Combines its deep knowledge of managed financial planning, discretionary advice and portfolio management with its portfolio administration service to create a comprehensive wealth management solution f
Slide 11: Funds Management
Funds Management Westoz Funds Management – Western Australian connected investment opportunities For personal use only Westoz Funds Management (WFM) is a 100%-owned subsidiary of Euroz Limited established in 2005 WFM manages portfolios of Australian equities on behalf of two listed investment co
Slide 12: Funds Management
Funds Management Prodigy Investment Partners – boutique funds management joint venture For personal use only Prodigy Investment Partners (Prodigy) is an 80% – owned joint venture between Euroz Limited and former MLC CEO Steve Tucker The first of these new boutique fund management partnerships wa
Slide 13: Euroz Strategy
Euroz Strategy For personal use only Business attributes Base Dividend Dividend Market Upside Rating/EV Stockbroking and Corporate Finance Daily brokerage turnover provide a base of revenues High impact (but cyclical) transactional fee upside (ECM/M&A) Wealth Management Growing recurring b
Slide 14: Euroz Strategy
Euroz Strategy For personal use only The major driver of past dividends have been Corporate Finance fees (equity capital market and M&A) and Funds Management performance fees (WIC and OZG) ECM and performance fees have typically occurred together in strong resource markets (2007, 2008, 2010 and
Slide 15: Euroz Balance Sheet
Euroz Balance Sheet For personal use only Strong balance sheet/zero debt Deploying modest capital into Prodigy Investment Partners Market Valuation: $65 - $70m enterprise value. Cost Market Look through value1 Westoz $39.0m $42.1m $42.8m Ozgrowth $27.7m $27.0m $31.1m Flinders Investment Partne
Slide 16: Funds Under Management
Funds Under Management Strong organic FUM growth from a diverse range of businesses For personal use only $1,403m $1,400 $1,205m Funds Management $1,200 $1,143m $332m WIC ($170m) $1,000 $962m OZG ($80m) $923m PFM ($24m*) $800 Entrust Wealth Management Flinders ($16m) $600 $777m Dalton Street ($66m)
Slide 17: Half Year Result Summary
Half Year Result Summary Euroz Group Summary For personal use only Modest first 6 months of the 2018 financial year Wealth Management FUM (ESL and Entrust) now over $1.07 billion Unaudited NPAT $12.4 - $12.6 million (19% Cash/81% Non-cash) Euroz Securities Positive resources sentiment contin
Slide 18: Half Year Result Summary (cont'd)
Half Year Result Summary (cont’d) For personal use only Prodigy Investment Partners Sales team making good inroads into retail platform market Excellent Dalton Street Capital progress / strong investor interest Building good relationships with consultants and platforms Flinders Investment Part
Slide 19: Summary
Summary Euroz is a growing and diversified financial services company For personal use only Modest six WA & Ranked #1 month result / commodity in WA based outlook prices volatile equity capital improving but improving raisings1 A robust & Established track growing balance Diversification record prov
Slide 20: Disclaimer & Disclosure
Disclosure For personal use only Disclaimer & Disclosure Euroz Limited (EZL) and its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or impli
Slide 21: Thank you
Thank you For personal use only Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com