Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Investor Presentation (July 2019)
20 slides from Euroz Hartleys's investor presentation, Jul 16, 2019
Slide 1: Investor Presentation July 2019
INVESTOR PRESENTATON For personal use only July 2019
Slide 2: Company Snapshot
COMPANY SNAPSHOT For personal use only Euroz is a growing and diversified financial services company GROUP FUM MARKET CAPITALISATION FULL YEAR DIVIDEND 1 1 $1.58b $200m 6.75cps $222m $111m 1 40% FULLY FRANKED DIVIDENDS IN 19 YEARS CASH & INVESTMENTS STAFF OWNERSHIP A strong platform for future diver
Slide 3: Group Structure
GROUP STRUCTURE For personal use only Investor Presentation – July 2019 3
Slide 4: Euroz Limited Ownership
EUROZ LIMITED OWNERSHIP For personal use only Increasingly diversified share register Ice Cold Investments 6% Institutions Retail 16% Staff ownership of 40% 38% Increasing institutional ownership Improving liquidity Directors 27% Performance Rights Plan = ongoing capital management Staff 13%
Slide 5: Historical Share Price / NTA
HISTORICAL SHARE PRICE / NTA For personal use only Solid NTA Growth $3.00 Strong balance sheet/zero debt Defensive in difficult markets $2.50 Historical leverage in good markets Western Australia economy and $2.00 commodity prices mixed NTA (A$) $1.50 $1.00 $0.50 $0.00 2006 2007 2008 2009 20
Slide 6: Unaudited Full Year Result
UNAUDITED FULL YEAR RESULT For personal use only Underlying “cash” profits of $9.5 million after tax were offset by -$9.6 million “non-cash” after tax losses from mark to market investments BREAK EVEN HEADLINE RESULT UNDERLYING CASH PROFIT FULL YEAR DIVIDEND 1 11 1 $-0.1m $9.5m 6.75cps GROUP FUM UP
Slide 7: Historical Profitability
HISTORICAL PROFITABILITY For personal use only Resource and commodity markets improving but remain volatile due to global events XSR $50 7000 Small Resources - Index $41.9 $40 6000 $31.3 5000 $30 $26.3 $26.6 $26.6 NPAT 1(A$m) $22.2 4000 $20 $19.4 $16.8 3000 $11.8 $11.1 $9.2 $10.3 $10 $3.6 2000 $0 10
Slide 8: Dividend History
DIVIDEND HISTORY For personal use only Euroz has paid $222 million in fully franked dividends in 19 years A$m Annual Dividend Paid Cumulative Dividend paid 240 PAST: 220 Paid $222m dividends over 38 consecutive half year periods 200 High payout ratio 180 FUTURE: 160 Aim to increase the base le
Slide 9: Stockbroking & Corporate Finance
STOCKBROKING & CORPORATE FINANCE For personal use only Euroz Securities - 19 year history of partnering and supporting clients through research, dealing and corporate finance services Quality equities research is the foundation of our business Research Highly rated research from our team of six
Slide 10: Stockbroking & Corporate Finance: Major Transactions
STOCKBROKING & CORPORATE FINANCE For personal use only Major financial year corporate finance transactions Investor Presentation – July 2019 10
Slide 11: Wealth Management
WEALTH MANAGEMENT For personal use only Entrust Wealth Management - 16 year track record Combines its deep knowledge of managed discretionary advice, financial planning and portfolio management with its portfolio administration service to create a comprehensive wealth management solution for each
Slide 12: Funds Management: Westoz
FUNDS MANAGEMENT For personal use only Westoz Funds Management – “Finding the Best in the West” 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 companies, Westoz Investm
Slide 13: Funds Management: Prodigy Investment Partners
FUNDS MANAGEMENT For personal use only Prodigy Investment Partners – boutique funds management joint venture Prodigy Investment Partners (Prodigy) is an 80% owned joint venture between Euroz Limited and Steve Tucker Flinders Investment Partners (Flinders) was launched in July 2015, Dalton Street
Slide 14: Euroz Balance Sheet as at June 2019
EUROZ BALANCE SHEET AS AT 30 JUNE 2019 For personal use only Improving balance sheet Strong balance sheet/zero debt Recycle Prodigy fund investments over time Market Valuation: $78m – $89m enterprise value Cost Market Look through value1 Westoz $39.0m $36.3m $40.2m Ozgrowth $27.7m $21.7m $28.8
Slide 15: Funds Under Management
FUNDS UNDER MANAGEMENT For personal use only Strong organic FUM growth from a diverse range of businesses $1,600 WIC ($156m) $1,400 Funds Management $346m OZG ($71m) $1,200 Euroz Securities Equus ($4m) Wealth Management $1,000 $357m Flinders ($27m) A$m $800 Dalton Street ($88m) $600 Euroz ($357m) En
Slide 16: Full Year Result Summary
FULL YEAR RESULT SUMMARY For personal use only Euroz Group Summary Solid performance from Euroz Securities Group FUM up 8% at $1.58 billion Lower WIC and OZG share prices affecting reported profitability Net loss after tax (attributable to members) of -$0.1m Underlying “cash” profit of $9.
Slide 17: Full Year Result Summary (Cont'd)
FULL YEAR RESULT SUMMARY (CONT’D) For personal use only Prodigy Investment Partners Continues good progress into retail platform market Building strong relationships with consultants and platforms New partnership with Equus Point Capital Good relative performance from all funds / partnership
Slide 18: Summary
SUMMARY For personal use only Euroz is a growing and diversified financial services company Established track record and strong balance sheet provides solid Solid profitability platform for growth Paid $222m fully franked Diversification strategy continues dividends in 19 years Investor Presentation
Slide 19: Disclaimer & Disclosure
DISCLAIMER & 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 made
Slide 20: Thank You
THANK YOU For personal use only Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com