Wt Financial Group Ltd. · ASX:WTL
Wt Financial — FY2024 Earnings Presentation
18 slides from Wt Financial's earnings presentation, Aug 14, 2024
Slide 1: WTL FY2024 Indicative Results Presentation (ASX Announcement)
ASX Announcement for release – 14 August 2024 WTL FY2024 INDICATIVE RESULTS PRESENTATION UNDERLYING NPBT UP MORE THAN 50% FOR FOURTH STRAIGHT YEAR STRONG OPERATING CASHFLOW PROVIDES FOR A RETURN TO DIVIDENDS Investor Webinar and presentation deck The Company will shortly hold an investor webinar to
Slide 2: Summary of indicative results and one-off impacts
A summary of the indicative results is provided herein, including details of the expected positive impact on the underlying business results in the Company’s statutory accounts from one-off income and expenses. One-off income and expenses to (positively) impact Statutory Results Adding to the result
Slide 3: The Future Of Quality Advice
ASX:WTL ASX: WTL The Future Of Quality Advice FY2024 Indicative Results Presentation 14 August 2024 1 111 1
Slide 4: Important Information
Important Information Issuer and Date Investment Risk This investor presentation (Presentation) has been prepared by WT Financial Group Limited (ACN 169 037 058) An investment in WTL shares is subject to known and unknown risks, some of which are beyond the control of the (WTL) and is dated 14 Augus
Slide 5: WT Financial Group Limited brands and services
WT Financial Group Limited brands and services WTL is a “pure play” wealth management and financial and personal risk insurance advice group with B2B scale and real-world B2C experience and expertise. Advice is at the heart of everything we do. ASX LISTED PARENT COMPANY B2B LICENSING SOLUTIONS FOR A
Slide 6: Centralised hub delivers operational efficiency
Centralised hub delivers operational efficiency Our operating model has enabled us to retain our strong legacy brands and cohorts while gaining efficiencies through centralised supports. CENTRALISED ADVISER SUPPORT AND SERVICES HUB APL | Policy suite | Adviser education and training | Consumer engag
Slide 7: H2 builds on strong H1 to deliver 51% jump in Underlying NPBT for FY24
H2 builds on strong H1 to deliver 51% jump in Underlying NPBT for FY24 Revenue for the underlying business was up more than 33% in the second half, while expenses increased just 22%, resulting in a 43% improvement in NPBT to deliver a year-on-year increase of more than 50% in underlying NPBT. H1 and
Slide 8: Underlying business delivering consistent growth
Underlying business delivering consistent growth Underlying business has delivered four consecutive years of revenue and profit growth as the Company executed its acquisition and renovation strategies to redefine the adviser-licensee relationship and rationalized operations and its networks. Annual
Slide 9: Underlying business delivering consistent growth
Underlying business delivering consistent growth Underlying NPBT turned around from negative $1.7M in FY21 to positive $4.4M in FY24, inclusive of increase of 51.4% this year. One-off revenue/expenses from asset sales, gains on contracts, and restructuring in the various years. B2B Revenue B2C Reven
Slide 10: Acquisitions and new paradigms deliver balance sheet turnaround
Acquisitions and new paradigms deliver balance sheet turnaround Net assets increased by 394% since 2021, against an increase in issued capital of just 68%. Assumed liabilities and backend payments related to acquisitions satisfied. Corporate debt at very manageable $6.7M. Net Assets up 394% to $29.4
Slide 11: Consistent positive operating cashflow enables return to dividends
Consistent positive operating cashflow enables return to dividends Cash and cash equivalents increased 50.8% to $8.0M at year end, net of a $2.0M cash payment in December 2023 related to the acquisition of Millennium3. Operating Cashflow at $5.1M Net Investing Cashflow at $(1.7M) Cash Balance up 50.
Slide 12: Re-cap of Indicative Results for FY2024
Re-cap of Indicative Results for FY2024 In addition to enabling cash funding of its $2M acquisition of Millennium3 in December, consistent positive operating cashflow has enabled WTL to return to a dividend cycle. Underlying Revenue & Other Income up 15.3% to $185.1M (FY23 $160.5M). Direct Cost of
Slide 13: One-off income and expenses and tax impact on Statutory Results
One-off income and expenses and tax impact on Statutory Results The Company is expecting a positive impact on the underlying business results in the statutory accounts from one-off income and expenses. Net one-off income and expenses relating to the sale of assets (B2C mortgage book) and purchase
Slide 14: Industry tailwinds and supply-demand imbalance provide for significant upside
Industry tailwinds and supply-demand imbalance provide for significant upside The Company’s results are not only reflective of the performance of its own team and network practices, but of a very positive future for all advice practices and advice network operators in Australia. Adviser numbers ha
Slide 15: WT Financial Group Limited Board of Directors
WT Financial Group Limited Board of Directors The WTL Board includes significant shareholder founders and has a strong record of success in financial services, and in mergers and acquisitions in private and public companies. Guy Hedley Keith Cullen Non-Executive Chairman Founder and Managing Directo
Slide 16: WT Financial Group Limited Executive Team
WT Financial Group Limited Executive Team WTL has a hands-on senior executive team with significant shareholdings and extensive experience in financial services in both B2B and B2C roles enabling it to add real value to the practices the group supports. Frank Paul David Newman Joint COO, Group Head
Slide 17: WT Financial Group Limited Top shareholders
WT Financial Group Limited Top shareholders WTL is founder led with board and management having significant holdings. Additionally, WTL has a strong register of experienced financial services investors who share its vision, including UIL, Ariadne and IFM and leading financial services executives. TO
Slide 18: Thanks for joining Contact us for further information
Thanks for joining Contact us for further information Keith Cullen Founder and Managing Director (02) 9248 0422 Jane Morgan Investor and Media Relations jm@janemorganmanagement.com.au 0405 555 618 161616 16