Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Investor Presentation (July 2018)
20 slides from Euroz Hartleys's investor presentation, Jul 20, 2018
Slide 1: Investor Presentation
Investor Presentation For personal use only July 2018
Slide 2: Company Snapshot
Company Snapshot Euroz is a growing and diversified financial services company For personal use only Market Dividends 11 cps Group FUM capitalisation $1.46b 1 $201m1 52 increase on FY17 $211m Cash & investments increasing fully franked dividends in 18 years $139.4m1 A strong platform for future dive
Slide 3: Group Structure
Group Structure For personal use only Investor Presentation – July 2018 3
Slide 4: Euroz Limited Ownership
Euroz Limited Ownership Increasingly diversified share register For personal use only Ice Cold Investments 6% Staff ownership of 39% Retail Institutions Increasing institutional ownership 16% 39% Improving liquidity Performance Rights Plan = ongoing capital Directors management 26% Staff 13%
Slide 5: Historical Share Price/NTA
Historical Share Price/NTA Solid NTA growth For personal use only A$ $3.00 Strong balance sheet/zero debt Defensive in difficult markets $2.50 Historical leverage in good markets $2.00 Western Australia economy and commodity prices continue to improve $1.50 $1.00 $0.50 $0.00 2006 2007 2008 2
Slide 6: Unaudited Full Year Result Highlights
Unaudited Full Year Result Highlights Profitability driven by increases in WIC and OZG share prices, performance fee For personal use only income, equity capital markets activity and growth in group FUM WIC investment 30.7% Total performance performance fee revenue OZG investment 39.1% performance $
Slide 7: Historical Profitability
Historical Profitability Resource markets rebound For personal use only Strong past correlation to resource markets (Small Resources Index) Strategy is to generate diverse revenue steams whilst maintaining traditional upside leverage to resource markets XSR $50 7000 Small Resources - Index $41.9
Slide 8: Dividend History
Dividend History Euroz has paid $211 million fully franked dividends over 18 years For personal use only A$m Annual Dividend Paid Cumulative Dividend paid 220 200 180 Past: 160 Paid $211m dividends over 36 consecutive half year 140 periods 120 High payout ratio 100 Future: 80 Aim to increase t
Slide 9: Stockbroking & Corporate Finance
Stockbroking & Corporate Finance Euroz Securities - 18 year history of partnering and supporting clients through For personal use only research, dealing and corporate finance services oz Securities Quality equities research is the foundation of our business Research Highly rated research from ou
Slide 10: Wealth Management
Wealth Management Entrust Private Wealth Management - 15 year track record For personal use only 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 f
Slide 11: Funds Management
Funds Management Westoz Funds Management – “Finding the Best in the West” For personal use only 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 12: Funds Management: Prodigy Investment Partners
Funds Management Prodigy Investment Partners – boutique funds management joint venture For personal use only Prodigy Investment Partners (Prodigy) is an 80% owned joint venture between Euroz Limited and former MLC CEO Steve Tucker The first of these new boutique fund management partnerships was
Slide 13: Euroz Strategy
Euroz Strategy Dividend drivers For personal use only The major driver of past dividends have been corporate finance fees (ECM and M&A) and funds management performance fees (WIC and OZG) ECM and performance fees have typically occurred together in strong resource markets (2007, 2008, 2010, 2011
Slide 14: Euroz Balance Sheet
Euroz Balance Sheet Improving balance sheet For personal use only Strong balance sheet/zero debt Deploying modest capital into Prodigy Market Valuation: $54- $62m enterprise value. Cost Market Look through value1 Westoz $39.0m $41.4m $43.6m Ozgrowth $27.7m $26.1m $31.8m Flinders Investment Par
Slide 15: Funds Under Management
Funds Under Management Strong organic FUM growth from a diverse range of businesses For personal use only $1,500 $1,460m $1,403m WIC ($171m) Funds Management $1,250 $1,205m $359m $1,143m OZG ($81m) $962m $1,000 $923m Flinders ($18m) Entrust Wealth $750 Management Dalton Street ($89m) $801m $500 Entr
Slide 16: Group Segment Results
Group Segment Results Highlights For personal use only An improved second half (2H) driven by strong ECM activity Wealth Management FUM now over $1.1 billion Solid Dalton Street Capital FUM growth Euroz Securities Positive resource sentiment continues Strong 2H ECM activity ($837m total ra
Slide 17: Group Segment Results (cont'd)
Group Segment Results (cont’d) For personal use only Prodigy Investment Partners Sales team making good inroads into retail platform market Excellent Dalton Street Capital progress / strong investor engagement Building good relationships with consultants and platforms Searching for new inves
Slide 18: Summary
Summary Euroz is a growing and diversified financial services company For personal use only Excellent full WA economy & Group FUM up year result and commodity $1.46b dividend prices improving 21.3% A robust & Established track growing balance Diversification record provides sheet strategy solid plat
Slide 19: Disclaimer & Disclosure
Disclosure For personal use only Disclaimer & Disclosure 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 impli
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