Kelly Partners Group Holdings Ltd. · ASX:KPG
Kelly Partners — Non-Deal Roadshow (September 2020)
12 slides from Kelly Partners's roadshow presentation, Sep 1, 2020
Slide 1: Investor FAQs
INVESTOR FAQs ASX: KPG PRESENTED BY Brett Kelly CEO and Executive Chairman Justin Sweeting CFO Kenneth Ko Group Finance Manager 1 September 2020 The CEO, Brett Kelly, has approved the release of this document to the market Kelly Partners Group Holdings Limited kellypartnersgroup.com.au Level 8, 32 W
Slide 2: Agenda
AGENDA 1. Five Choices for Deploying Capital 2. Per Share Recurring Revenue, Owner Earnings and Earnings 3. Share Buyback Update 4. Seasonality in Half Year Revenues 5. Non Controlling Interest versus Shareholder Distributions 6. Group Gearing and Capital Structure 7. Attributable Debt Structure 8.
Slide 3: Five Choices for Deploying Capital
Five Choices for Deploying Capital Lessons from The Outsiders Dashboard Capital allocation is a CEO’s most important job. FY18 FY19 FY20 Investing In Existing Operations $0.4m $0.7m $1.6m 1 KPG has made significant investments to build its central management services team. P Additional investments f
Slide 4: Per Share Recurring Revenue, Owner Earnings and EPS
Per Share Recurring Revenue, Owner Earnings and EPS The Group has consistently grown its through-the-cycle Recurring Revenue, Owner Earnings, and Earnings on a per share basis. • The Group uses Owner Earnings* to measure cash flow Recurring Revenue, Owner Earnings and Earnings on a per share basis $
Slide 5: Share Buyback Update
Share Buyback Update 197,181 shares repurchased since IPO, with no new shares issued. • The Group intends to buyback a further 300,000 shares Date Closing Shares Shares Repurchased • The Group intends to extend its current buyback Open at IPO** 45,497,181 programme for a further 12 months. The curre
Slide 6: Seasonality in Half Year Revenues ~ 53% / 47%
Seasonality in Half Year Revenues ~ 53% / 47% Seasonality driven by tax calendar work aligned to the 30 June financial year end • Seasonality in the accounting businesses is approximately 1H: 53% / 2H: 47% since IPO, equating Seasonality in accounting business to a 6% (or c. $2.3m swing) down swing
Slide 7: Non Controlling Interest versus Shareholder Distributions
Non Controlling Interest versus Shareholder Distributions NCI distributions 1) include a capital distribution component, 2) are before tax, and 3) represent c. 100% of NCI profit. Shareholder dividends 1) do not show the capital distributions component (which are eliminated under consolidation accou
Slide 8: Group Gearing and Capital Structure
Group Gearing and Capital Structure Declining and low gearing (1.1x) and low steady leverage (27% Debt / MV Equity) • The Group uses Net Debt / Underlying EBITDA (pre AASB 16) as its primary measure of group gearing, shown below (left hand chart). This is reflective of the major banks’ key credit me
Slide 9: Attributable Debt Structure
Attributable Debt Structure The Parent entities attributable debt is only ~25.3% of Group Debt* • What is Attributable Debt: Under the Group’s cashflow waterfall, EBITDA is 1) first used to repay Business Attributable debt, 2) secondly distributed to the partners according to their economic interest
Slide 10: Property Strategy
Property Strategy • The Group seeks that to make its Partners, Clients and People Accounting Property #BetterOff FY20 (m) Businesses Businesses K+P Group* • In order to build long term tenure and wealth for its partners, NPATA $9.16 $0.05 $11.22 the Group has assisted certain partners in acquiring t
Slide 11: Disclaimer
Disclaimer SUMMARY INFORMATION statements, opinion and estimates are based on assumptions and contingencies which involve known and This document has been prepared by Kelly Partners Group Holdings Limited unknown risks, uncertainties and other factors, many of which are beyond the control of the Com
Slide 12: Thank you
Thank you kellypartnersgroup.com.au 12
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