Bravura Solutions Limited · ASX:BVS
Bravura Solutions — Macquarie Conference 2020
17 slides from Bravura Solutions's conference presentation, May 5, 2020
Slide 1: Bravura Investor Presentation
For personal use only Bravura Investor Presentation 5 May 2020
Slide 2: Important notice and disclaimer
Important notice and disclaimer The information contained in this document (including this notice) and discussed at this presentation (collectively, the Presentation) has been prepared by Bravura Solutions Limited (Bravura). The Presentation is subject to the conditions outlined below. Your receipt
Slide 3: Our Purpose and Mission
For personal use only OUR PURPOSE. Making our customers successful. OUR MISSION. We develop innovative technology solutions that power the world’s financial institutions.
Slide 4: Bravura at a glance
For personal use only High degree of Strong net cash position recurring revenue Significant operating A$265.4m revenue leverage over last 12 months1 Who A$175m+ invested across the product suite 70+ blue chip clients we are 5-year revenue CAGR of Presence in 8 countries 14%2 with 1,400+ FTEs Bravura
Slide 5: Segment Overview
SEGMENT OVERVIEW For personal use only Wealth Management Funds Administration Revenue contribution1 67% 33% EBITDA contribution1 57% 43% Number of clients2 64 13 Fidelity, Prudential, Scottish Friendly, Mercer, Westpac NZ, Bank of New York Mellon, Legal & General, TAL, Partners Life, Suncorp, STANLI
Slide 6: Strong long-term revenue and earnings growth
STRONG LONG-TERM REVENUE AND EARNINGS GROWTH For personal use only Revenue (A$m) EBITDA (A$m) 1H 2H 1H 2H 257.7 49.1 221.5 191.9 38.6 184.7 130.3 25.3 32.6 152.1 118.6 89.9 98.4 20.0 25.0 14.4 80.4 17.5 11.9 127.4 135.1 9.4 25.5 23.7 94.8 93.5 102.9 18.5 18.2 71.7 13.1 8.1 1 FY15 FY16 FY17 FY18 FY19
Slide 7: Strong financial position as at December 2019
STRONG FINANCIAL POSITION AS AT 31 DECEMBER 2019 ▪ Bravura is in a robust financial position, with cash of A$100.3m as at 31 December For personal use only A$m 30 Jun 2019 31 Dec 2019 2019. Bravura continues to evaluate a pipeline of additional acquisitive and organic growth opportunities Cash 194.8
Slide 8: Bravura addresses key client challenges
BRAVURA ADDRESSES KEY CLIENT CHALLENGES Challenges faced by participants… … can be solved by Bravura technology For personal use only Evolving and complex 1 regulatory environment ✓ Regulatory risk management Demand for mobile and 2 “self-directed” technology Increasing ✓ Leading technology and inno
Slide 9: Bravura's ecosystem
BRAVURA’S ECOSYSTEM For personal use only Bravura provides digital enterprise software solutions supporting sophisticated financial services products across front, middle and back office, including digital delivery across multiple devices to advisers and end consumers. Products Wrap Superannuation L
Slide 10: Sonata simplifies legacy client systems
SONATA SIMPLIFIES LEGACY CLIENT SYSTEMS For personal use only Siloed, disparate legacy IT systems Unified, customer-centric solution Advisers and Clients Advisers and Clients Move to a Digital multi-channel delivery Call centre 1 Call centre 2 Call centre 3 true customer Single, configurable code ba
Slide 11: Strong growth in recurring revenue
STRONG GROWTH IN RECURRING REVENUE Recurring revenue (A$m) ▪ Recurring revenue is up 17% in 1H20 compared to the pcp and For personal use only Project fees (A$m) 221.5 comprises 78% of total revenue Licence fees (A$m) 10.2 ▪ Recurring revenue has grown as new clients are added and existing 191.9 cli
Slide 12: Midwinter – Financial planning software
MIDWINTER – FINANCIAL PLANNING SOFTWARE AdviceOS Financial Adviser Platform Digital Solutions For personal use only • Scalable online advice to end consumers via web or • Used by financial advisers to deliver personal services, mobile devices managing relationships and providing advice documents fac
Slide 13: FinoComp – Registry agnostic microservices
FINOCOMP – REGISTRY AGNOSTIC MICROSERVICES For personal use only Regulatory tools Intermediary tools Back office components TierDrop CoCa ForeSight Cobalt Insight MPM SSAD Charge Def Toro MIFID II 10% MIFID II Advanced Cost base Investor Model Single source Adviser and Charge depreciation Ex-post co
Slide 14: 1H20 Key Highlights
1H20 KEY HIGHLIGHTS Market needs continue to evolve For personal use only A$m 1H19 1H20 % chg ▪ Bravura’s long-term growth is driven by clients’ need to address speed to market for new products, the growing importance of a seamless digital experience, ongoing changes in financial services regulation
Slide 15: Strategic growth priorities
STRATEGIC GROWTH PRIORITIES Growth drivers Execution of growth drivers For personal use only ✓ UK Life & Pensions regulatory changes and moves to digital driving system Expanding Expanding upgrades distribution geographies network ✓ Next generation Australian & New Zealand wrap and investment platfo
Slide 16: FY20 Outlook
FY20 OUTLOOK For personal use only Strong sales pipeline with a growing number of transformational opportunities ▪ Bravura’s strong sales pipeline is driven by continuing project activity with existing clients and significant sales opportunities from new clients, supported by expansion into new mark
Slide 17: For more information
For personal use only For more information, visit: www.bravurasolutions.com/investors/ investors@bravurasolutions.com