Steadfast Group Limited · ASX:SDF
Steadfast — FY2018 Earnings Presentation
15 slides from Steadfast's earnings presentation, Aug 24, 2018
Slide 1: Steadfast Group Limited FY18 results investor presentation
24 August 2018 Steadfast Group Limited FY18 results Investor presentation Presenters: Robert Kelly - Managing Director & CEO Stephen Humphrys - Chief Financial Officer
Slide 2: Contents
FY18 investor presentation Contents ▪ Our track record – five years listed on the ASX 3 ▪ Financial and operational highlights 4 ▪ FY18 financial performance 7 ▪ FY19 guidance 12
Slide 3: Our track record - five years listed on the ASX
Steadfast Group Our track record - five years listed on the ASX Steadfast Network GWP ($bn) Steadfast Underwriting Agencies GWP ($m) Underlying EBITA ($m) 6 1,000 160 5 800 4 120 600 3 80 400 2 200 40 1 0 0 0 FY13 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY13 FY14 FY15 FY16 FY17 FY18 Underl
Slide 4: Financial highlights
Financial highlights Strong FY18 performance in-line with upgraded guidance FY18 underlying earnings1 Underlying EBITA ($m) ▪ EBITA +15.5% to $165.6 million 180 $165.6m 160 ▪ NPAT +12.9% to $75.0 million $143.3m 140 $129.6m ▪ NPATA2 +11.6% to $97.3 million 120 $92.8m ▪ EPS (NPAT) +9.5% to 9.71 cents
Slide 5: Operational highlights
Operational highlights Record premium for Steadfast Network and Underwriting Agencies Steadfast Network Steadfast Underwriting Agencies ▪ $5.3 billion GWP, +6% ▪ $914 million GWP, +18% ▪ Driven by price and volume increases and new ▪ Driven by price and volume increases and brokers joining the Netwo
Slide 6: Key initiatives progress
Key initiatives progress Delivering on long term strategic initiatives Technology GWP transacted through SCTP ($bn) Steadfast Client Trading Platform (SCTP) 3 ▪ 6 business lines and 14 insurer and underwriting agency partners live on SCTP 2 ▪ Including Steadfast Direct (retail home, motor and landlo
Slide 7: FY18 financial performance
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Slide 8: Group financial performance
Group financial performance Strong underlying earnings growth 12 months to 30 June Underlying Underlying Year-on-year $ million FY18 FY17 growth % Revenue ($m) 582.5 504.1 15.5% EBITA ($m) 165.6 143.3 15.5% NPAT ($m) 75.0 66.4 12.9% EPS (NPAT) (cents) 9.71 8.87 9.5% NPATA1 ($m) 97.3 87.2 11.6% EPS (
Slide 9: Equity brokers financial performance
8 % Equity brokers financial performance 42 % 50% Organic and acquisition growth Share of FY18 Underlying EBITA Equity brokers – consolidated & equity accounted (assuming 100% ownership) Growth from 12 months to 30 June, Underlying Underlying Year-on-year Organic acquisitions & $ million FY18 FY17 g
Slide 10: Underwriting Agencies financial performance
Underwriting Agencies financial performance 42 % 50% Strong earnings growth driven by price and volume increases Share of FY18 Underlying EBITA Agencies – consolidated & equity accounted (assuming 100% ownership) Growth from 12 months to 30 June, Underlying Underlying Year-on-year Organic acquisitio
Slide 11: Final FY18 dividend
Final FY18 dividend Final dividend up 7% ▪ Final FY18 dividend of 4.7 cps (fully franked), +7% 10.0 ▪ Total FY18 dividend of 7.5 cps (fully franked), +7% 9.0 ▪ Total FY18 dividend payout ratio is 79% of 8.0 underlying NPAT, in line with target of 65% to 85% 7.0 ▪ Dividend Reinvestment Plan (DRP) to
Slide 12: FY19 guidance
FY19 guidance <3> Steadfast ”
Slide 13: FY19 guidance
FY19 guidance Continued growth while implementing technology initiatives 2 ▪ FY19 guidance range1: Underlying EBITA ($m) 200 185 ▪ Underlying EBITA of $185 million - $195 million 180 $185m-$195m ▪ Underlying NPAT of $82.5 million - $87.5 million 160 140 120 ▪ Guidance subject to: 100 80 $165.6m ▪ In
Slide 14: Questions
Questions <3> Steadfast ”
Slide 15: Important notice
Important notice This presentation has been prepared by Steadfast Group Limited (“Steadfast”). This presentation contains information in summary form which is current as at 24 August 2018. This presentation is not a recommendation or advice in relation to Steadfast or any product or service offered