Sequoia Financial Group Ltd. · ASX:SEQ
Sequoia Financial — Investor Presentation (May 2023)
12 slides from Sequoia Financial's investor presentation, May 2, 2023
Slide 1: Investor Presentation
For personal use only Investor Presentation Garry Crole, Managing Director May 2, 2023
Slide 2: Disclaimer
Disclaimer This presentation is for general information purposes only, the information is provided in summary form only and does not purport to be complete or comprehensive. This presentation does not provide recommendations or opinions in relation to specific investments or securities. For personal
Slide 3: Sequoia is a service business
For personal use only Sequoia is a service business. The Sequoia mission is to provide premium services to an advice industry we see as made up of 4 key customer groups.
Slide 4: The Market Place
The Market Place Sequoia’s market or core client is any person or business that acts as an For personal use only influencer of an end consumers financial decision. We have determined this market to be made up of 4 key customer groups: 1. Licensees or their authorized representatives (The Financial P
Slide 5: Key customer group market size
Key customer group market size Licensees and Authorized representatives Wholesale sophisticated investors In 2013, there was 2,394 AFSL approved to give personal advice to consumers According to the AFR 3.2m people or 1.1m households now For personal use only with over 40,000 representatives sat
Slide 6: Customer Group
Customer Group Adviser Licensee Services For personal use only Adviser Client AFSL holder Accountant Practice Professional Customer Direct High net worth consumer Services Group Fund manager Equity Markets Sequoia Financial Group | 6
Slide 7: Current List of services provided to key customer groups
Current List of services provided to 4 key customer groups Licensee services Direct For personal use only Interprac / SWM (370 advisers) General advice to HNW market (Sequoia Asset Management) Interprac Securities (Salaried advisers) Research (Corporate Connect/Yield Report) Family Office Advice(Sal
Slide 8: Market Share
Market Share • Sequoia has low market share (<5% ) of a very substantial market place For personal use only • There should be no reason that Sequoia cannot provide a service to any of this market and has set an internal goal of providing at one service to 15% of the adviser and accountancy practise
Slide 9: Financial targets
Financial targets • Determine an implied valuation for each business and generate a return on For personal use only that implied equity of more than 15% in every business within the SEQ group • Maintain a previously disclosed target to reach $300m revenue at 8% EBITDA by FY 2026 without the necessit
Slide 10: Divestment of Morrison Securities
Divestment of Morrison Securities The SEQ board believed the opportunity for Morrison to expand its service offering was restricted by the SEQ balance sheet and whilst divesting 80% of For personal use only our equity, we believe the new owner capabilities provide increased scope for this business t
Slide 11: Capital Structure
Capital Structure For personal use only * Enterprise value post 80% divestment does not consider any carrying value of the 20% equity position maintained in Morrisons business or any of the $10.5m cash left within that entity. * Normalized EBITDA forecast is a slight upgrade the forecast for FY 2023
Slide 12: Contact details
For personal use only Garry Crole | Managing Director and CEO Web: www.sequoia.com.au Phone: 0411 600 550 garrycrole@sequoia.com.au S e q u o i a F i n a n c i a l G r o u p | 12
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