Teaminvest Private Group Ltd · ASX:TIP
Teaminvest Private — H1 2022 Earnings Presentation
29 slides from Teaminvest Private's earnings presentation, Feb 22, 2022
Slide 1: Investor Presentation – 1H22
For personal use only Investor Presentation – 1H22 Teaminvest Private Group Limited (ASX: TIP) 22 February 2022 1
Slide 2: TIP Group
TIP GROUP An ASX-listed boutique investment bank focussed on the transfer of knowledge between generations. For personal use only UNIQUE NOBLE PURPOSE 1H22 HIGHLIGHTS INVESTMENT THESIS & PHILOSOPHY Noble purpose: Transferring knowledge between ▪ Our value-investment strategy is based on the work of
Slide 3: 1H22 Overview
1H22 OVERVIEW Record Revenue despite coronavirus construction shut-down hurting profits. Items of note OVERVIEW For personal use only 1 Record Segment Revenue of $75.1m (up 5%). ▪ Eight wholly-owned and four partially owned Portfolio Companies. − Split across two divisions: Engineering and Services.
Slide 4: Segment Results
SEGMENT RESULTS 1H22 saw a fourth consecutive record first-half segment revenue for the Group. Segment revenue ($m) Segment EBITDA ($m) For personal use only 3.5 34.7 36.8 43.8 28.3 2.7 3.8 1.8 3.9 32.9 34.8 34.4 31.3 3.3 2.6 2.5 1H19 1H20 1H21 1H22 1H19 1H20 1H21 1H22 Engineering Services Engineeri
Slide 5: Engineering
ENGINEERING Engineering was impacted in 1H22 by the Sydney construction shut-down. Portfolio Companies Segment revenue ($m) For personal use only CAGR (1H19 – 1H22) = (1.65%) Icon Metal designs, engineers, fabricates and installs architectural metalwork, miscellaneous metalwork, balustrades and stru
Slide 6: Services
SERVICES Services delivered record first-half Segment Revenue and Segment EBITDA in 1H22. Segment revenue ($m) Services For personal use only CAGR (1H19 – 1H22) = 15.67% East Coast Traffic Control provides traffic management services to government, local council and corporate clients in Queensland.
Slide 7: Group History
For personal use only GROUP HISTORY May 2019 TIP listed on FY22 goals: the ASX. 1. Establish Group Treasury and banking Corporate Jan 2012 Aug 2019 Oct 2020 facilities (Done); Events Feb 2022 TIP was founded. Insurance TIP Residential Coastal 2. Establish group procurement to better Services Group (
Slide 8: Financial Position
FINANCIAL POSITION BALANCE SHEET COMMENTARY For personal use only ▪ Total assets of $128.4m, up 12.1% since 1H21. − Equivalent to $0.98 per share. ▪ Net assets of $99.8m, up 11.52% since 1H21. − Equivalent to $0.76 per share. ▪ Cash of $9.9m as of 31 December 2021. − Equivalent to $0.08 per share. ▪
Slide 9: Q&A
For personal use only Q&A Other useful information follows for those reading online
Slide 10: Statutory Financial Performance
STATUTORY FINANCIAL PERFORMANCE INCOME STATEMENT COMMENTARY For personal use only ▪ Statutory revenue down 6% − Differs from Segment Revenue as it excludes proportional revenue from partly- wholly owned subsidiaries. ▪ Operating NPAT down 44% due to impacts of Sydney coronavirus construction shut-do
Slide 11: Key Management Personnel: Board of Directors
KEY MANAGEMENT PERSONNEL: BOARD OF DIRECTORS Experienced senior leadership allows TIP Group to deliver its noble purpose and continue to accelerate growth. Management Title Profile For personal use only Malcolm Jones Independent Malcolm has experience in managing large organisations. He has held pos
Slide 12: Key Management Personnel: Board of Directors (Cont'd)
KEY MANAGEMENT PERSONNEL: BOARD OF DIRECTORS (CONT’D) Management Title Profile VOTING MEMBERS For personal use only Regan Passlow Non-Executive Regan has worked as an executive director for 40 years for both national and multi-national companies. His focus has been primarily on strategic business Di
Slide 13: Corporate Governance: Operating Structure
CORPORATE GOVERNANCE: OPERATING STRUCTURE The Strategy Committee is charged with monitoring the performance of the boards of each Portfolio Company. STRATEGY COMMITTEE For personal use only TIP Group’s Board of ▪ The Strategy Committee (SC) of TIP is charged with three functions: Directors — Monitor
Slide 14: Strategy Committee Members
STRATEGY COMMITTEE MEMBERS Name Profile For personal use only Ian Kadish Ian has extensive public company board and executive experience as CEO and Managing Director of ASX listed Integral Diagnostics Limited, CEO and Managing Director of Independent Non-Executive Director ASX listed Pulse Health Gr
Slide 15: Strategy Committee Members (Cont'd)
STRATEGY COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Malcolm Jones Malcolm has experience in managing large organisations. He has held positions as a member of the Group Management board of Zurich Financial Services in Switzerland, Independent Non-Executive Chair CEO of Zurich Fina
Slide 16: Corporate Governance: Investment Process
CORPORATE GOVERNANCE: INVESTMENT PROCESS The Investment Committee is a critical part of the investment process. For personal use only INVESTMENT COMMITTEE ▪ The Investment Committee of TIP is charged with two functions: — The initial analysis of new investment opportunities prior to a SMaRT: The IC
Slide 17: Investment Committee Members
INVESTMENT COMMITTEE MEMBERS Name Profile For personal use only Regan Passlow Regan has worked as an executive director for 40 years for both national and multi-national companies. His focus has been primarily on strategic business development, Non-Executive Director administration and back office s
Slide 18: Investment Committee Members (Cont'd)
INVESTMENT COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Kevin Robinson Kevin is an experienced professional with a demonstrated history of working in the information technology and services industries. Starting his career with Shell Australia, Selected Shareholder Kevin held various
Slide 19: Initial Analysis
INITIAL ANALYSIS Only the most promising of opportunities proceed to the Investment Committee stage. For personal use only 1. Initial analysis INITIAL ANALYSIS Further analysis by the 2. Investment Committee ▪ Potential investments must meet the following qualification criteria: — have a minimum fou
Slide 20: Further Analysis by the Investment Committee
FURTHER ANALYSIS BY THE INVESTMENT COMMITTEE For personal use only 1. Initial analysis FURTHER ANALYSIS BY THE INVESTMENT COMMITTEE Further analysis by the 2. Investment Committee ▪ Although the Board retains ultimate decision making authority on any acquisition, it has delegated the following dutie
Slide 21: SMaRT Meeting
SMaRT MEETING The SMaRT is an opportunity for Selected Shareholders to discuss the potential investment. For personal use only 1. Initial analysis SMaRT MEETING Further analysis by the 2. Investment Committee ▪ The SMaRT meeting is a full day opportunity for Selected Shareholders to discuss the pote
Slide 22: Due Dilligence
DUE DILLIGENCE The two stages of the due diligence process allow TIP to asses the existence of commercial benefits, followed by any legal, tax and accounting issues. For personal use only 1. Initial analysis DUE DILLIGENCE Further analysis by the 2. Investment Committee The due diligence process inv
Slide 23: Ongoing Oversight Post Investment
ONGOING OVERSIGHT POST INVESTMENT For personal use only 1. Initial analysis ONGOING OVERSIGHT POST INVESTMENT Further analysis by the 2. Investment Committee ▪ The ongoing management of our investments is handled: — on a day to day basis, in respect of business operations, by the management team of
Slide 24: Corporate Governance: Risk & Compliance
CORPORATE GOVERNANCE: RISK & COMPLIANCE The Risk & Compliance Committee exists to continuously review TIP’s risk and compliance framework. RISK & COMPLIANCE COMMITTEE For personal use only ▪ The Risk & Compliance Committee (RCC) of TIP exists to continuously review the risk and compliance framework
Slide 25: Risk & Compliance Committee Members
RISK & COMPLIANCE COMMITTEE MEMBERS Name Profile For personal use only Dean Robinson Dean Robinson is the CFO of the Company. He is responsible for overseeing financial strategy and operations including sourcing, structuring and overseeing investments Chair of the RCC and general management. Prior t
Slide 26: Risk & Compliance Committee Members (Cont'd)
RISK & COMPLIANCE COMMITTEE MEMBERS (CONT’D) Name Profile For personal use only Suzanne Kerwan Suzanne is an executive, business leader and non-executive director with over 30 years experience leading business growth in international, local, large and small Head of Talent Acquisition and businesses.
Slide 27: TIP Group Risks Register: Top Three Risks
TIP GROUP RISKS REGISTER: TOP THREE RISKS Descriptions For personal use only 6. 3. 1. Market Risk Legal, Key Person Risk Key Person Risk Regulatory, and TIP’s business is reliant upon the provision of services by its Board, TIP’s executives and Portfolio Compliance risk Company executives. Any chang
Slide 28: TIP Group Risks Register: Controls
TIP GROUP RISKS REGISTER: CONTROLS Controls For personal use only 6. 3. 1. Market Risk Legal, Key Person Risk Key Person Risk Regulatory, and ▪ TIP’s noble purpose to transfer knowledge between generations allows future leaders to learn from Compliance risk current leaders. ▪ Talent Program aims to
Slide 29: Teaminvest Private Group Limited
For personal use only Teaminvest Private Group Limited Level 3, 80 Mount Street North Sydney NSW 2060 Telephone: (02) 9955 9540 Website: www.teaminvestprivate.com.au 29
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