Fiducian Group Ltd · ASX:FID
Fiducian — Investor Presentation (May 2019)
17 slides from Fiducian's investor presentation, May 30, 2019
Slide 1: Fiducian Group Wilsons Rapid Insight Investor Presentation
Fiducian Group (ASX:FID) Wilsons Rapid Insight For personal use only INVESTOR PRESENTATION Jai Singh – Head of Business Development and Distribution Robby Southall – Executive Chairman, Financial Planning Rahul Guha – Executive Chairman, Fiducian Services 30 May 2019, Melbourne 1
Slide 2: Profit Generating Sustainable Business Model
Profit Generating Sustainable Business Model For personal use only Management • Process driven, client focused investment products Funds • 15 Managed Funds: 4 Diversified Funds, 4 Sector Funds, 7 Specialist Funds • $2.56 Billion in Funds under Management (FUM) • Market competitive Wrap & Managed Dis
Slide 3: Funds Management
Funds Management For personal use only • 15 Funds using Fiducian’s Manage-the-Manager (MTM) system of investment • Fiducian process delivers greater Diversification with lower risks • Consistently superior results against the world’s best fund managers in the Australian market The above performances
Slide 4: WRAP Platforms (FSS/FIS) – FinTech (FORCe & FASTrack)
WRAP Platforms (FSSWRAP Platforms (FSS/FIS) – FinTech (FORCe & FASTrack) For personal use only • Competitive Fees, Flexible Structure • Public offer “Superannuation Fund” • Investor Directed Portfolio Service (IDPS) • 15 – Multi-manager Funds using the Fiducian Manage-the-Manager system • 57 – Singl
Slide 5: Financial Planning – Focus on Quality and Expertise
Financial Planning – Focus on Quality and Expertise For personal use only • We are selective in recruiting Financial Planners • National footprint with 37 offices, 65 representatives • 5 new franchised planners • $219 million FUA acquisitions BUSINESS OVERVIEW 5
Slide 6: Integrated Business Model
Integrated Business Model For personal use only Our clients experience the Fiducian difference: Plus, additional revenue growth if financial markets rise Financial Planning Administration / Funds Management $8.0bil Platforms 8.0 Funds: $2.70 billion Funds: $2.56 billion $7.3bil 10% Funds: $2.03 bill
Slide 7: Financial Highlights
Financial Highlights For personal use only FINANCIALS 7
Slide 8: Five Year Summary: Financials
Five Year Summary: Financials For personal use only Sustainable growth history consistently over long term ANNEXURES 8
Slide 9: Cash flow
Cash flow • Cash Flow in line with expectations for Jul – Mar 19: For personal use only • $42.4 mil Receipts from Customers • $7.9 mil Net Operating Cash Flow after expenses and tax • $11.7 mil Cash at end of the period • Reinvestments into business: • $3.2 mil payments for Client acquisitions • 219
Slide 10: Net Fund In-Flows in Platform
Net Fund In-Flows in Platform For personal use only Net Funds Inflows - Six monthly (in $ mil) 100 75 50 25 0 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17 Jun 18 Dec-18 Apr-19 • Net In-flows of $91 million during YTD April FY 2018-19 • Both Salaried and Franchised networks contributing to
Slide 11: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth For personal use only • Despite a market driven decline, the combined Funds under Management, Administration and Advice (FUMAA) was $6.30 billion as at 31 December 2018. • This has since grown to $7.29 billion as at Apr 2019 including
Slide 12: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index For personal use only • Since Jun 12, FID has outperformed All Ords by 469% (including dividend) • Dividend pay-out policy is 60- 70% of Net Profit After Tax • H1 dividends is 11 cents – 22% growth over the comparable period FINANCIALS 12
Slide 13: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation For personal use only The following is a concept extrapolation* of how increasing scale lifts EBITDA at an accelerating rate above a relatively fixed cost base: Funds under Management, Administration and Advice (FUMAA) & EBITDA * This is not a proj
Slide 14: Industry Consolidation and Opportunities
Industry Consolidation and Opportunities For personal use only • Grow Funds Under Advice organically and through strategic acquisitions of financial planning businesses • A number of established participants are exiting or have announced their intentions to exit the industry • New educational standa
Slide 15: Growth Strategy Outlook
Growth Strategy Outlook For personal use only Funds Leverage of successful Manage-The-Manager Management model and expand in new markets where profitable Distribute SMA capabilities, offer Badged solutions Administration to IFA market and build SMSF Administration Financial Continue to attract high
Slide 16: Key Dates and Contacts
Key Dates and Contacts For personal use only Key Dates • Full Year results announcement: Thursday, 15 August 2019 • Annual General Meeting: Thursday, 17 October 2019 Contacts Investor Relations: Media Relations: Rahul Guha, Julie Hargrave, Executive Chairman, Fiducian Services Head of Marketing and
Slide 17: Disclaimer
Disclaimer For personal use only Information in this document and given in the presentation is of a general nature. It is not intended to be, nor does it, constitute financial, legal or tax advice. The information is given in good faith and, although care has been exercised in compiling it, Fiducian