Ma Financial Group Limited · ASX:MAF
Ma Financial — ASX CEO Connect 2017
13 slides from Ma Financial's conference presentation, Dec 12, 2017
Slide 1: ASX CEO Connect Presentation
ASX CEO Connect Presentation Sydney, 12 December 2017 – Moelis Australia Limited (“Moelis Australia”) (ASX:MOE) CEO Andrew Pridham provides the following presentation at ASX this morning as part of the ASX CEO Connect initiative. ENDS
Slide 2: CEO Connect
www.moelisaustralia.com CEO Connect Presented by Andrew Pridham, CEO 12 December, ASX CEO Connect 2017 MOELIS AUSTRALIA
Slide 3: Moelis Australia Snapshot
Moelis Australia Snapshot Founded in 2009 as a joint venture with NYSE listed Moelis & Company (market cap ~US$2.7 billion1) • Experienced executive team with personal investment of >$375m1 in MOE (c.40% of shares outstanding) • Global reach with Moelis & Company (c.32% shareholder) strategic allian
Slide 4: Experienced Leadership Team
Experienced Leadership Team Experienced team with extensive experience at large global financial institutions Moelis Australia Board Julian Biggins Jeffrey Browne Kenneth Moelis Joseph Simon Andrew Pridham Executive Director & Head Chairman Non-Executive Director Non-Executive Director CEO of Real E
Slide 5: 2017 Moelis Australia Highlights
2017 Moelis Australia Highlights Listed on ASX 10 April 2017 (ASX:MOE) with issue price of $2.35 Best Performing IPO in 20171 (167% gain2) 15 November 2017 Earnings Upgrade #3 Revenue Forecast = $100+ million 7.0 AUM Forecast = $2.9+ billion 6.5 24 October 2017 MOE Fund Acquires Infinite Care AUM Fo
Slide 6: Business Update (activity since 15/11/17)
Business Update (activity since 15/11/17) • Raised ~ $100 million in equity for Moelis Australia managed funds since November (includes $60 million for Redcape Hotel Group and strong SIV inflows) • Identified assets for $120 million Moelis Australia Senior Secured Opportunities Fund II (Now pre- mar
Slide 7: Our Way of Thinking
Our Way of Thinking We measure our performance by the long term success of our clients Executive shareholding in MOE has voluntary long term (up to 6 year) vesting conditions Significant proportion of executive compensation is MOE shares with vesting conditions Alignment Moelis Australia co-invests
Slide 8: IPO Prospectus vs Current Forecast
IPO Prospectus vs Current Forecast IPO Prospectus Forecast Current Forecast (April 2017) Revenue $73.2 million At least $100 million Underlying $23.2 million At least $38 million EBITDA Underlying $16.8 million ~$26.6 million NPAT EBITDA ~32% ~38% MARGIN AUM ~$1.5 billion (by 31/12/17) >$2.9 billion
Slide 9: AUM Growth
AUM Growth Real Estate • FY17 AUM growth of ~$1.8 billion • Focus on Alternative asset classes • Co-investment philosophy - Alignment Venture Capital • Macro-Themes • Focus on downside protection “DON’T LOSE MONEY” • 30+ Funds today Listed Equities 4.0 Credit 3.5 > 2.9 Hospitality and 3.0 Leisure 2.
Slide 10: Funds Track Record
Funds Track Record Launched July 2016, expected to end in mid 2018 Senior Secured 98% of capital invested now paid back with expected IRR for the life of the fund of ~15%+ p.a. post Opportunities all fees (above forecast) Fund I Established to capitalise on macro trend in credit markets (borrowers f
Slide 11: Current / Recent Funds
Current / Recent Funds NEW Commenced pre-marketing last week to raise $120 million. Funds due mid February Senior Secured Opportunities Forecast IRR of ~12%+ p.a. including 5% cash yield (post all fees) Fund II Moelis Australia will co-invest a min. 10% and executives have also committed to co-inves
Slide 12: Summary
Summary • Unique business model • Deep advisory and investment skills complimented by strong balance sheet and access to multiple sources of capital • Experienced, energetic and aligned management team • Well positioned for future growth MOELIS AUSTRALIA ASX CEO Connect 11
Slide 13: Important Notice and Disclaimer
Important Notice and Disclaimer Summary information This presentation has been prepared by, and is the sole responsibility of Moelis Australia Limited ACN 142 008 428 (Company). This presentation and the information contained within it is not an investment statement, prospectus, product disclosure s