Wt Financial Group Ltd. · ASX:WTL
Wt Financial — H1 FY2024 Earnings Presentation
16 slides from Wt Financial's earnings presentation, Mar 5, 2024
Slide 1: WTL Half Year Investor Webinar
ASX Announcement – 5 March 2024 WTL HALF YEAR INVESTOR WEBINAR Financial advice network operator, WT Financial Group Limited (“WTL”, “the Company” or “the Group”) will hold an investor webinar to provide a Company and industry update and discuss the Company’s half year results. The associated presen
Slide 2: The Future Of Quality Advice
ASX:WTL ASX: WTL The Future Of Quality Advice WTL H1 FY2024 Results Webinar 5 March 2024 1 111 1
Slide 3: 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 5 March
Slide 4: Our brands and their services
Our brands and their services WTL is a “pure play” wealth management and financial 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 ADVICE PRACTICES * B2B ADVISER HUB AND LICENSE
Slide 5: Operational efficiency
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 engagement and marketing tools
Slide 6: Revenue Drivers
Revenue Drivers WTL’s revenue generation is derived from diverse avenues: Base Fees Licensee & Adviser Services All advice practices pay WTL Services for self-licensed practices minimum base fees. under the Wealth Adviser banner Adviser Revenue User Pays Services Advice fees & insurance commissions
Slide 7: Half-year EBITDA and NPBT growth
Half-year EBITDA and NPBT growth Disciplined operating cost containment has contributed to 8% EBITDA and 7% NPBT increases on a 4% reduction in gross revenue and other income. Slight reduction in NPAT is due to a tax benefit in that period, against a tax expense for this period. H1FY2024 PCP Varianc
Slide 8: Costs contained and reduced
Costs contained and reduced The benefits of scale and the successful integration of disparate acquired business operations are enabling costs to be contained. Operating expenses H1FY2024 PCP Variance Employee benefits expense (3,688,144) (3,972,563) -7% Advertising & marketing expenses (874,428) (43
Slide 9: Balance sheet stabilised and ROE 15.8% pa
Balance sheet stabilised and ROE 15.8% pa Net assets have increased by 20% - net current asset turnaround as assumed liabilities from previous acquisitions and backend acquisition payments satisfied. H1FY2024 PCP Variance Current assets 16,239,004 13,093,118 24% Non-current assets 36,695,547 36,501,
Slide 10: Strong operating cashflow - up 72% on PCP
Strong operating cashflow - up 72% on PCP Operating cashflow significantly improved, with cash at hand $5.23M despite the Company having settled its acquisition of M3 with cash just prior to the period end. H1FY2024 PCP Variance CASH FLOWS FROM OPERATING ACTIVITIES: Receipts from customers 76,442,67
Slide 11: Core Advice Network (B2B) operations NPBT up 20% on PCP
Core Advice Network (B2B) operations NPBT up 20% on PCP Rationalisation of advice networks last financial year is now being rewarded with significantly improved operating profit for the Group’s core advice network operations. Advice H1FY2024 B2C* Corporate Total networks Total segment revenue 78,823
Slide 12: Alignment between network practices and WTL is key
Alignment between network practices and WTL is key Variable fee components are a key differentiator and strongly align our interests with those of the practices we support - revenue share now contributes 38% of net revenue, up from 30%. Advice Network H1FY2024 PCP Gross Margin Total advice network r
Slide 13: Network rationalisation delivering improved outcomes
Network rationalisation delivering improved outcomes Significant improvement in all aspects of advice network and individual adviser metrics have resulted from rationalisation across FY2023. Annualised per adviser gross revenue, WTL net revenue per adviser, and WTL GP per adviser all up strongly. Ne
Slide 14: WTL board
WTL board The WTL board has a strong record of success in financial services, and in mergers and acquisitions in private and public companies Keith Cullen Guy Hedley Managing Director and CEO Non-Executive Chairman WTL founder and largest (non-institutional) WTL shareholder. 15yrs as head of Macquar
Slide 15: Senior executive team
Senior executive team WTL has a hands-on senior executive team with extensive experience in financial services in both B2B and B2C roles enabling it to add real value to the practices the group supports David Newman Frank Paul Joint COO, Group Head of Adviser Services Joint COO, Group Head of Risk D
Slide 16: Contact
Contact Keith Cullen Managing Director and CEO (02) 9248 0422 Jane Morgan Investor and Media Relations jm@janemorganmanagement.com.au 0405 555 618 161616 16