Prime Financial Group Limited · ASX:PFG
Prime Financial — Investor Presentation (August 2022)
21 slides from Prime Financial's investor presentation, Aug 19, 2022
Slide 1: Financial Year 2022 Results Presentation
Financial Year 2022 (‘FY22’) Results Presentation Prime Financial Group Ltd (ASX: PFG) 19 August 2022
Slide 2: Highlights
2022 +15% to +18% to +14% to Highlights $7.8m $26.3m 1.93 cps Financial Performance Underlying EBITDA* Growth Revenue Growth Reported Earnings PFG’s (Prime) 2022 full year report Per Share (EPS) summarises our activities and performance for the financial year ended 30 June 2022. It provides a snapsh
Slide 3: Other Important Information
Other Important Information Team has grown by Organic and inorganic Full year dividends Share buyback ongoing 30%+ (flexible operating initiatives are increased by 57% in – 4.5m shares structure) plus accelerating as part of FY22 – forecast to purchased and $789k Melbourne office space Prime’s progr
Slide 4: Who we are
Who we are Purpose Our Operations BRISBANE Empowering you to achieve your Advisory & Capital Group with 130+ aspirations. team members primarily across Melbourne, Sydney and Brisbane. SYDNEY Our Services Continued focus on growing Melbourne, Integrated Accounting & Business Sydney and Brisbane for a
Slide 5: Capital Structure & Comparison
Capital Prime’s Capital Structure & Investment Information Market Capitalisation at 19.5 cents at closing on 16 August 2022* $39.7m Structure & Net debt at 30 June 2022 $5.2m Share Price* 19.5 cents Comparison Reported EPS* 1.93 cps Reported EPS Multiple 10 times Full Year (Interim + Final) Dividend
Slide 6: Key Financial Information
Key Financial Financial Highlights* Prime – Members/Shareholders Information FY22 FY21 Change Underlying FY22 vs FY21 Revenue – Contracts with Customers $26.2m $22.3m 18% Prime’s key profitability measure is Underlying EBITDA for members/ EBITDA** $7.8m $6.8m 15% shareholders. This removes the impac
Slide 7: Revenue Growth & Service Lines
Analysis of Revenue Growth (Contracts with Customers) by Year Revenue Growth +18% FY21 Key & Service Lines Financial +4% $M Total Revenue % Revenue Growth +4% Highlights $26.2M • 80%+ of total revenue is generated from $20.7M existing customers on a recurring basis FY19 FY20 FY21 FY22 FY22 Revenue
Slide 8: Expenses & EBITDA
Expenses Total Expenses by Year & EBITDA FY19 $19.3M $M Total Expenses % Total Expenses Change • Excluding the $0.5M loss on FY20 $18.0M -6% derecognition of the ROU Asset (a result of the one-off, non-cash, FY21 $17.5M -3% accounting treatment due to Melbourne office sublease), total expenses incre
Slide 9: Margin, Cashflow & Net Debt
Margin, Analysis of Operating Margin by Year % Operating Margin Cashflow & 19% 26% 30% 30% Net Debt FY19* FY20 FY21 FY22 Net Debt by Year Improvement +4% -28% $M Net Debt -26% $9.4M $9.8M % Net Debt Reduction $7.1M $5.2M 30 June 19 30 June 20 30 June 21 30 June 22 Net Debt to Underlying 1.8X 1.8X 1
Slide 10: Dividends
Dividends Key Dates for Dividends Dividend • Target dividend payout ratio of 40 – 60% of reported and maintainable earnings Record Date 5 September 2022 • FY22 final dividend declared of 0.60 cps Payment Date 30 September 2022 (fully franked) vs final dividend of 0.40 cps in FY21 (+50%) Dividend R
Slide 11: Balance Sheet, Cashflows & Net Debt
Balance Sheet, Balance Sheet ($M) Group At 30 June 2022 At 30 June 2021 Cashflows & Cash 0.1 0.1 Net Debt Total assets Borrowings 59.8 (5.4) 58.3 (7.2) Total liabilities (13.1) (14.6) • Net debt reduction to $5.2m (-26%) from Net assets 46.6 43.7 $7.1m at 30 June 2021 Non-controlling interests 0.6
Slide 12: Clients and the Community
Prime’s most recent Net Promoter Score (NPS) NPS Score Indicator Needs Improvement (- 43% 100 – 0) Good (0-30) Great (30 – 70) Excellent (70 – 100) Clients Prime’s OneConnected team of specialists consistently delivers our clients additional value. Our most recent combined Net Promoter Score was mea
Slide 13: Our Strategy
Our Strategy OneConnected Advisory & Capital Group Area & Objectives FY23 Key Priorities The following presents a summary of Prime’s Strategic Plan for our OneConnected Purpose Financial Growth Advisory & Capital Group Empowering you to achieve your Grow Revenue, Underlying EBITDA • Continue to inte
Slide 14: Outlook – FY23
Outlook – FY23 Increased Earnings & Actively exploring Growth Increased Dividends - from 1.10cps Revenue Growth Opportunities (FY22) to 1.50cps (FY23) +36% • Revenue Growth 15%+ • Organic and inorganic initiatives Forecast: • Growth in Underlying EBITDA 5% to are accelerating as part of • Interim Di
Slide 15: Appendices
Appendices
Slide 16: EBITDA & NPAT
EBITDA & NPAT $’000 AUD Reported net profit after tax from operations (Group) FY22 4,448 FY21 3,690 Add: Tax expense 1,407 1,160 Attributable to Members/ Add: Interest expense/(income) 322 443 Shareholders Reconciliation EBIT (Group) * 6,177 5,293 Add: Depreciation 49 54 Add: Amortisation 1,546 1,73
Slide 17: Prime Performance
Prime Performance 2022 2021 2020 2019 2018 Overview of financial performance for the last Underlying EBITDA to members/shareholders 7,770 6,778 5,533 4,099 3,772 ($,000’s)* five years • Positive momentum across all metrics Reported Profit/(loss) after tax attributable to 3,814 3,074 2,132 1,315 (1,1
Slide 18: Experienced Board
Experienced Board Simon Madder Matt Murphy Tim Bennett Chief Executive Officer, Managing Director & Executive Director (effective 3 July 2020) & Managing Executive Director (effective 3 July 2020) & Managing Chairman Director – Accounting & Business Advisory Director – Capital & Corporate Advisory •
Slide 19: Contact
Contact Simon Madder CEO, Managing Director & Chairman Prime Financial Group Ltd T (03) 9827 6999 E simonm@primefinancial.com.au W www.primefinancial.com.au Ben Priestley Head of Finance & Investor Relations Prime Financial Group Ltd T (03) 9827 6999 E benp@primefinancial.com.au W www.primefinancial
Slide 20: PRIMEFINANCIAL.COM.AU
@® PRIMEFINANCIAL.COM.AU # PRIMEFINANCIALGROUP in PRIMEFINANCIALGROUP
Slide 21: Important Notice & Disclaimer
Important Notice & Disclaimer This investor presentation (Presentation) has been prepared by Prime Financial Group Limited Disclaimer (‘Prime’). No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and concl
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