Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Shareholder Meeting (November 2021)
17 slides from Euroz Hartleys's shareholder meeting presentation, Nov 19, 2021
Slide 1: Annual General Meeting Presentation
For personal use only ANNUAL GENERAL MEETING PRESENTATION November 2021
Slide 2: Disclaimer and Disclosure
Disclaimer and Disclosure For personal use only 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 implied) is ma
Slide 3: Western Australia's Leading Wealth Management Company
Western Australia’s Leading Wealth Management Company For personal use only Combined capability and earnings leverage of WA’s two most successful wealth management firms Strategically located in the global resources hub of Western Australia Increased focus on growing and diversifying revenue streams
Slide 4: Strategy
Strategy For personal use only ▪ Grow Western Australia’s leading wealth management business ▪ Building long term relationships and trust with our clients by delivering consistently good outcomes ▪ Our clients and staff are our greatest assets ▪ Develop a deep understanding of our client’s needs ▪ M
Slide 5: Full Year Result – Strong FY21
Full Year Result – Strong FY21 • Excellent profitability and cash generation for 2021 financial year For personal use only • Successful completion of landmark transaction with Hartleys Limited • Leverage to strong WA economy and commodity prices FY21 REVENUE FY21 NPAT FY21 DIVIDEND1,3 $131M $52.5M 1
Slide 6: Corporate Overview – Euroz Limited
Corporate Overview – Euroz Limited For personal use only CAPITAL STRUCTURE A$1.73 197M A$341M A$171M Nil $170M Share price (15 Nov 21) Shares on issue Market Capitalisation Cash & Investments1 Debt Enterprise Value2 HISTORICAL SHARE PRICE OWNERSHIP $2.25 2.0 $2.00 $1.75 1.5 $1.50 Vol. (M) $1.25 A$ 1
Slide 7: Euroz Limited
Euroz Limited Western Australia’s leading wealth management company For personal use only 7
Slide 8: Euroz Hartleys
Euroz Hartleys Combined capability and earnings leverage of WA’s two most successful wealth management firms For personal use only FY21 CAPITAL RAISED STAFF ~A$2B 1 194 Corporate Finance Research Institutional Sales Private Wealth 15 CORPORATE FINANCE EXECUTIVES 9 RESEARCH ANALYSTS 10 INSTITUTIONAL
Slide 9: Euroz Hartleys Commentary
Euroz Hartleys Commentary For personal use only FY21 REVENUE 649% $111M ON FY20 • Entrust has a 19 year history of providing financial strategy and advice to a diverse range of clients FUM1 • Managing funds for high net worth individuals, business 15% owners, multi-generational families, self-manage
Slide 10: Westoz Commentary
Westoz Commentary For personal use only FY21 REVENUE1 • Westoz Funds Management manages portfolios of 649% Australian equities on behalf of two listed investment companies: $17.2M ON FY20 1. Westoz Investment Company Limited (WIC) 2. Ozgrowth Limited (OZG) FUM2 4.7% • WIC and OZG have contributed $4
Slide 11: Growing and Diverse Revenue Streams
Growing and Diverse Revenue Streams Increasing contribution of recurring revenue For personal use only • $3.6B1,2 in combined FUM in Funds and Wealth Management and growing • Continued focus on growing FUM – increase of +$1.36B through merger with Hartleys Limited • Increased scale provides material
Slide 12: Consistent Dividend History
Consistent Dividend History Increasing dividends through growth in recurring revenue streams while maintaining traditional transaction strengths For personal use only • Paid $266m dividends over 43 consecutive half year periods • Average dividend of 8.3 cents / year over past decade • Average divide
Slide 13: Balance Sheet
Balance Sheet • Strong balance sheet with zero debt1 For personal use only • Enterprise value currently $161m - $170m Note 1: As at 31 October 2021 Note 2: As at 15 November 2021 13
Slide 14: Four Month Trading Update - Unaudited
Four Month Trading Update - Unaudited Solid underlying profitability for first 4 months of FY22 For personal use only • Headline NPAT of $10.6 million • Driven by strong performance from Euroz Hartleys Limited and increases in share price of investments in Westoz and Ozgrowth • Leverage to strong WA
Slide 15: Euroz Hartleys Foundation
Euroz Hartleys Foundation • Established in 2006 to provide support to worthy charities within our broader community For personal use only • Donated over $2.5m to over 100 individual charities in 14 years • Staff encouraged to provide their time to support charities in and around their local communit
Slide 16: Investment Highlights
Investment Highlights For personal use only Largest wealth management Established platform for Continually improving and firm in Western Australia diversified and recurring growing our client offering revenue streams Targeting organic FUM growth Strong balance sheet Well positioned to capitalise and
Slide 17: Thank You
For personal use only Thank You Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia