Generation Development Group Limited · ASX:GDG
Generation Development — Shareholder Meeting (November 2023)
36 slides from Generation Development's shareholder meeting presentation, Nov 23, 2023
Slide 1: 2023 Annual General Meeting
Generation Development Group | Annual General Meeting | 1 For personal use only 2023 Annual General Meeting Presenters: Rob Coombe Grant Hackett OAM Non-Executive Chairman Chief Executive Officer and Managing Director Generation Development Group Generation Life
Slide 2: Online attendees – Text question process
Online attendees – Text question process 123-456-789 For personal use only When the Question function is available, the messaging tab will appear at the top of the app Generation Development Group | gendevelopmentgroup.com.au To send in a question, click in the ‘Ask a question’ box, type your questi
Slide 3: Online attendees – Audio question process
Online attendees – Audio question process For personal use only To ask a question verbally please dial the *Please ensure your webcast is muted before joining the call.* number shown on the main information page. Enter your meeting ID followed by #. Generation Development Group | gendevelopmentgroup
Slide 4: Online attendees – Voting
Online attendees – Voting 123-456-789 For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen Generation Development Group | gendevelopmentgroup.com.au To vote simply select the direction in which you would like to cast your vote. The selecte
Slide 5: Contents
Generation Development Group | Annual General Meeting | 5 Contents For personal use only Generation Development Group Generation Development Group Outlook 19 Chairman’s address 6 About Generation Development Group 7 Questions 20 FY23 highlights and key performance measures 8 FY23 Financial result su
Slide 6: Chairman's address
Generation Development Group | Annual General Meeting | 6 Chairman’s address For personal use only What we achieved this year Overview of the FY23 year that was Rob Coombe William Eric Bessemer Giselle Collins Looking ahead Non-Executive Chairman Non-Executive Director Independent Non-Executive Dire
Slide 7: About Generation Development Group
Generation Development Group | Annual General Meeting | 7 For personal use only Founded in 1991, Generation Development Group Limited is an ASX listed company that specialises in providing development capital to financial sector businesses. Investment Opportunities A trusted partner in providing sma
Slide 8: A year of growth…
Generation Development Group | Annual General Meeting | 8 A year of growth… 2023 financial year For personal use only $2.6bn $7.2m $515m Funds Under Management Underlying NPAT Investment Bond Sales Up 22% Up 35% Second highest year on record Lonsec Earnings $8.8bn LifeIncome Underlying EBITDA and NP
Slide 9: FY23 highlights and key performance measures
Generation Development Group | Annual General Meeting | 9 FY23 highlights and key performance measures Generation Development Group For personal use only Life Business FUM Sales Market Share APL’s Product Rating $2.6 billon Investment bond sales 51% of annual market inflows1 661 Investment bond Up 2
Slide 10: FY23 Financial result summary
Generation Development Group | Annual General Meeting | 10 FY23 Financial result summary Generation Development Group For personal use only FY23 FY22 Change Change % Revenue* (A$'000) 40,201 35,254 4,947 14 Expenses* (A$'000) (31,985) (28,908) (3,077) (11) Underlying profit after tax benefit – Life/
Slide 11: Momentum into FY24
Generation Development Group | Annual General Meeting | 11 Momentum into FY24 Generation Life September 2023 quarter For personal use only Annual Sales & Net Inflows ($millions) Closing Funds Under Management in September ($millions) $639 24% CAGR $2,696 $529 $515 $2,229 $404 $1,954 $332 $314 $308 $
Slide 12: The need for lifetime annuities
Generation Development Group | Annual General Meeting | 12 For personal use only The need for lifetime annuities “We’re trying to come up with products which maximise income, manage longevity risk and provide flexible access, so that people have a degree of comfort.”1 Dr Jim Chalmers – Federal Treas
Slide 13: A growing market
Generation Development Group | Annual General Meeting | 13 A growing market For personal use only Projected superannuation assets (2021 to 2041)1 $1.4 trillion $750b Post-retirement assets market Of assets will move into the predicted to grow by 20301 retirement phase in less than the next 6 years2
Slide 14: A new strategic relationship
Generation Development Group | Annual General Meeting | 14 A new strategic relationship For personal use only MetLife to collaborate with Generation Life to provide an investment- linked lifetime annuity product to superannuation fund clients and their members. MetLife is the third largest group ins
Slide 15: Experts in investment research, consulting and managed accounts
Generation Development Group | Annual General Meeting | 15 For personal use only Experts in investment research, consulting and managed accounts
Slide 16: Key highlights – Lonsec Group
Generation Development Group | Annual General Meeting | 16 Key highlights For personal use only Lonsec Group RESEARCH (44% of Lonsec Group gross profit) SUPERRATINGS (13%) 192 new investment products Revenue Up 12% YOY Revenue Down 8% YOY Gross profit Up 13% YOY Gross profit Down 18% YOY INVESTMENT
Slide 17: Normalised Financial Results FY23 & FY22
Generation Development Group | Annual General Meeting | 17 Normalised Financial Results FY23 & FY22 For personal use only Lonsec Group Revenue ($'000) EBITDA ($'000) FY22 39,286 FY22 10,972 FY23 55,716 42% FY23 17,217 57% Gross Profit ($'000) NPAT ($'000) FY22 20,880 FY22 6,177 FY23 29,475 41% FY23
Slide 18: Lonsec Investment Solutions
Generation Development Group | Annual General Meeting | 18 Lonsec Investment Solutions For personal use only $9.1bn FUM as at September 2023 Closing FUM in $m $1,850 $1,873 $1,878 $1,830 $7,225 $6,915 $1,725 $6,334 $5,631 $4,683 $3,612 $3,134 $2,751 $2,330 $1,955 $1,576 $1,271 $659 $840 Jun-20 Sep-2
Slide 19: Generation Development Group outlook
Generation Development Group | Annual General Meeting | 19 For personal use only Generation Development Group outlook Continue to grow overall sales LifeIncome – Continue to build throughout the year, subject to sales momentum and capitalise relatively stable market conditions on recent MetLife part
Slide 20: Questions
Generation Development Group | Annual General Meeting | 20 For personal use only Questions
Slide 21: Financial Reports
Generation Development Group | Annual General Meeting | 21 For personal use only Financial Reports
Slide 22: Resolutions
Generation Development Group | Annual General Meeting | 22 For personal use only Resolutions
Slide 23: Resolution: Remuneration Report
Generation Development Group | Annual General Meeting | 23 For personal use only Resolution 1 Remuneration Report For Against Proxy’s Discretion Abstain/Excluded 92,184,476 1,935 4,000 13,271,261 99.99% 0.002% 0.004%
Slide 24: Resolution: Re-election of Robert Neil Coombe as a Director
Generation Development Group | Annual General Meeting | 24 For personal use only Resolution 2 Re-election of Robert Neil Coombe as a Director For Against Proxy’s Discretion Abstain/Excluded 101,430,278 4,025,460 4,000 1,934 96.18% 3.82% 0.004%
Slide 25: Resolution: Approval of 10% Placement Facility
Generation Development Group | Annual General Meeting | 25 For personal use only Resolution 3 Approval of 10% Placement Facility For Against Proxy’s Discretion Abstain/Excluded 95,600,232 6,049,566 4,000 3,807,874 94.05% 5.95% 0.003%
Slide 26: Disclaimer
Generation Development Group | Annual General Meeting | 26 Outthinking today. For personal use only Disclaimer This presentation has been prepared by Generation Development Group Limited ABN 90 087 334 370 (GDG). GDG believes that the information in this presentation is accurate and reliable, but no
Slide 27: Appendices
Generation Development Group | Annual General Meeting | 27 For personal use only Appendices
Slide 28: Key features of investment bonds
Generation Development Group | Annual General Meeting | 28 9 key features of investment bonds For personal use only Life Insurance Maximum tax rate of No distributions and Tax paid - no personal 125% advantage 30% access to funds at tax after 10 years - tax and Tax Act Tax Optimised anytime advantag
Slide 29: Key uses of investment bonds
Generation Development Group | Annual General Meeting | 29 For personal use only 5 key uses of investment bonds Generation Life investment bonds are designed to provide tax-effective investment solutions to help secure a financial future across all generations. Alternative to Estate planning Saving
Slide 30: Our leading investment menu – Investment bonds
Generation Development Group | Annual General Meeting | 30 Our leading investment menu Investment bonds For personal use only At Generation Life, we offer a wide range of investment options to meet investment objectives. 66 investment options across all major asset classes: 22 x Diversified 14 x Aus
Slide 31: Key features of LifeIncome
Generation Development Group | Annual General Meeting | 31 8 key features of LifeIncome For personal use only Investment-linked Investment menu 0% tax environment Dollar-cost averaging lifetime annuity 29 options with the ability Investment earnings within Progressive investment Single or reversiona
Slide 32: Core uses of LifeIncome
Generation Development Group | Annual General Meeting | 32 6 core uses of LifeIncome For personal use only Qualify or bring forward the age to Minimising the impact of an Protecting your spouse / loved one access the Age Pension and ancillary inheritance on your Age Pension with income for life or a
Slide 33: Our leading investment menu – LifeIncome
Generation Development Group | Annual General Meeting | 33 Our leading investment menu LifeIncome For personal use only A wide range of investment options to meet investment objectives. You can hold any combination at any time. We offer 29 investment options across multiple styles: 2x Retirement Por
Slide 34: Generation Life Awards
Generation Development Group | Annual General Meeting | 34 For personal use only Generation Life Awards Highly recommended for over a decade The only provider in the market to hold a “Highly Recommended” rating with both Lonsec and Zenith Investment Partners for our Investment Bonds. Research rating
Slide 35: Reconciliation of statutory profit to underlying earnings
Generation Development Group | Annual General Meeting | 35 Reconciliation of statutory profit to underlying earnings Generation Development Group For personal use only FY23 FY22 Change Change % Underlying profit after tax benefit – Life/Administration business (A$’000) 8,216 6,346 1,870 30 Income ta
Slide 36: FUM Growth
Generation Development Group | Annual General Meeting | 36 FUM Growth Generation Development Group For personal use only FY23 FY22 Change Change % (A$m) (A$m) (A$m) Opening FUM 2,158 1,792 366 20 Sales inflow 515 639 (124) (19) Investment performance 160 (164) 324 nm Withdrawal (143) (74) (69) (93)
Generation Development Group — Shareholder Meeting (November 2023) on 6ix