Prime Financial Group Limited · ASX:PFG
Prime Financial — FY2017 Earnings Presentation
22 slides from Prime Financial's earnings presentation, Aug 28, 2017
Slide 1: Full Year 2017 Results Presentation
For personal use only Prime Financial Group Ltd (ASX: PFG) - Full Year 2017 Results Presentation 28 August 2017
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only This investor presentation (Presentation) has been prepared by Prime Financial Group Limited (PFG). Summary information This Presentation contains summary information about PFG. The information in this Presentation is general background informati
Slide 3: Who We Are
Who We Are For personal use only • Prime is an Integrated Accounting, Wealth Management and Capital Advisory firm that operates a B2C direct client advice model and a B2B partnership model with Accounting & Advisory firms • Prime’s goal is for clients to receive complete Accounting, Wealth Managemen
Slide 4: Prime At A Glance
Prime At A Glance For personal use only ASX Listed National Presence Business Model • Established in 1998 • Significant growth in FY17 • Prime offers integrated accounting, business advisory, wealth • Accounting & wealth • 90+ team members across management and capital services management heritage f
Slide 5: FY 2017 Highlights
FY 2017 Highlights For personal use only • Strong earnings growth in FY17 v FY16 • Profit Before Tax for members of the parent entity up 26% to $4.38 million * • Profit After Tax for members of the parent entity up 30% to $3.59 million * • The profit is at the high end of the previous forecast profi
Slide 6: Financial Information
For personal use only Financial Information 6
Slide 7: FY17 Results Summary
FY17 Results Summary For personal use only FY17 FY16 % Change * Restated FY17 v FINANCIAL RESULTS $m $m FY16 Consolidated Entity: Profit Before Tax 5.98 5.49 9% Profit After Tax 4.75 4.13 15% Members of the Parent Entity (After Non-Controlling Interest): Profit Before Tax 4.38 3.48 26% Profit After
Slide 8: FY17 Results Summary
FY17 Results Summary For personal use only FY17 FY16 % Change Restated * FY17 v DETAILED FINANCIAL RESULTS Notes $m $m FY16 Revenue Wealth management 1 9.37 9.79 (4%) Accounting, business advisory and capital 2 8.49 - n/a Equity accounted profit 3 0.97 2.72 (64%) Other income 0.48 0.48 (0%) Net bene
Slide 9: Wealth Management – Funds Under Management
Wealth Management – Funds Under Management For personal use only Funds Under Management ($ million) Funds Under Management Growth ($ million) FUM at Other FUM at 1,150 30 Jun 2016 New FUM Lost FUM movements 30 Jun 2017 1,150 1,108 1,100 1,100 -32 +32 1,050 1,040 1,050 +131 1,000 977 1,000 1,108 950
Slide 10: Revenue
Revenue For personal use only New business and recurring wealth management revenue ($ ‘000) 4,000 3,320 3,393 FY17 FY16 % Change 3,500 NOTE 1 FY17 v 3,000 WEALTH MANAGEMENT REVENUE $’000 $’000 FY16 2,500 New business revenue 2,406 2,626 (8%) 2,000 Recurring revenue 6,713 6,848 (2%) 1,500 1,149 1,257
Slide 11: Revenue
Revenue For personal use only NOTE 2 FY17 FY16 % Change ACCOUNTING, BUSINESS ADVISORY AND CAPITAL REVENUE $’000 $’000 FY17 v FY16 Total accounting, business advisory and capital revenue ($’000) 8,487 - n/a NOTE 3 FY17 FY16 % Change EQUITY ACCOUNTED PROFIT $’000 $’000 FY17 v FY16 Total equity account
Slide 12: Balance Sheet
Balance Sheet For personal use only 30 JUNE 2017 30 JUNE 2016 Restated * SUMMARY BALANCE SHEET $m $m Current Assets Cash & Cash Equivalents 0.6 1.3 Trade & Other Receivables 3.6 1.6 Other Current Assets 2.7 1.4 Non Current Assets Plant & Equipment 0.5 - Investments Accounted For Using The Equity Met
Slide 13: Key Developments
For personal use only 13 Key Developments
Slide 14: FY17 Key Developments
FY17 Key Developments For personal use only • Changes to superannuation and a reduction in lost FUM were key drivers of stronger Wealth Management than normal net FUM inflows • Continued increase in use of Prime Separately Managed Accounts (SMAs) • SMA FUM increased by 64% to $157 million at 30 June
Slide 15: FY17 Key Developments
FY17 Key Developments For personal use only • Acquisitions of outside interests of MPR and Altezza and rebranding as Prime Accounting & Business Accounting & Business Advisory Advisory • Brisbane presence through acquisition of Altezza • Acquisition of MPR has enabled Prime to expand its service off
Slide 16: FY18 Key Focus Areas
FY18 Key Focus Areas For personal use only • Identification of new partners to join the Group Wealth Management • Further development of client offering and scalable platform through technology enhancements • Planned technology enhancements will provide both internal efficiencies and revenue opportu
Slide 17: Contact
Contact For personal use only Simon Madder Managing Director/CEO Prime Financial Group Ltd (T) (03) 9827 6999 (E) simonm@primefinancial.com.au (W) www.primefinancial.com.au 17
Slide 18: Additional Information
For personal use only Additional Information 18
Slide 19: Strong, Entrepreneurial & Experienced Board
Strong, Entrepreneurial & Experienced Board The Board has the background, proven track record & vision to succeed For personal use only Paul Cowan Simon Madder Independent Non-Executive Managing Director Chairman & CEO Executive Director River Capital Co-founder, Managing Director & (Funds Managemen
Slide 20: Services We Offer
Services We Offer For personal use only Accounting & Wealth Business Management Capital Advisory Whether you are a Business Owner, Professionals, Executive’s, Business Whether accessing Equity Capital for Founder, CEO, CFO – a start up; U.S. Owner’s, Family Groups and Retirement growth or selling to
Slide 21: Prime's Business Model
Prime’s Business Model For personal use only • Deliver Integrated Advice across Prime’s three core service lines through Prime’s national office structure to Prime’s Direct Client base • Partner with Accounting & Advisory Firms to help them deliver Integrated Advice across the three service lines, t
Slide 22: For personal use only
For personal use only Accounting & Wealth Management Capital Business Advisory 1800 064 959 1800 317 006 1800 317 005