Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Investor Presentation (May 2018)
20 slides from Euroz Hartleys's investor presentation, May 11, 2018
Slide 1: Investor Presentation
Investor Presentation May 2018
Slide 2: Company Snapshot
Company Snapshot Euroz is a growing and diversified financial services company Group FUM Market capitalisation $1.435b1 $189m1 $196m Cash & investments increasing $126.2m1 fully franked dividends in 18 years A strong platform for future diversification and growth Note 1: As at 30 April 2018 Investor
Slide 3: Group Structure
Group Structure Investor Presentation – May 2018 3
Slide 4: Euroz Limited Ownership
Euroz Limited Ownership Ice Cold Investments 6% Staff ownership of 38% Institutions Retail 16% Increasing institutional ownership 40% Improving liquidity Directors Performance Rights Plan = ongoing capital 25% management Staff 13% As at 9 May 2018 High staff ownership = strong alignment with
Slide 5: Historical Share Price/NTA
Historical Share Price/NTA $3.00 Strong balance sheet/zero debt Defensive in difficult markets $2.50 Historical leverage in good markets $2.00 Western Australia and commodity prices continue to improve NTA (A$) $1.50 Increasingly diversified $1.00 $0.50 $0.00 2006 2007 2008 2009 2010 2011
Slide 6: Audited Half Year Results
Audited Half Year Results Profitability driven by increases in WIC and OZG share prices, equity capital markets activity and growth in group FUM Euroz Securities WIC investment 22% performance OZG investment equity raisings performance $270m 29.3% Group FUM up Net profit after tax $1.4 billion 16.5%
Slide 7: Dividend History
Dividend History Euroz has paid $196 million fully franked dividends over 18 years A$m Annual Dividend Paid Cumulative Dividend paid 220 200 180 Past: 160 Paid $196m dividends over 140 35 consecutive half year periods 120 High payout ratio 100 Future: 80 Aim to increase the base 60 level of di
Slide 8: Stockbroking & Corporate Finance
Stockbroking & Corporate Finance Euroz Securities - 18 year history of partnering and supporting clients through research, dealing and corporate finance services oz Securities Quality equities research is the foundation of our business Research Highly rated research from our team of seven analys
Slide 9: Wealth Management
Wealth Management Entrust Private Wealth Management - 15 year track record Combines its deep knowledge of managed financial planning, discretionary advice and portfolio management with its portfolio administration service to create a comprehensive wealth management solution for each individual cli
Slide 10: Funds Management
Funds Management Westoz Funds Management – Western Australian connected investment opportunities Westoz Funds Management (WFM) is a 100%-owned subsidiary of Euroz Limited established in 2005 WFM manages portfolios of Australian equities on behalf of two listed investment companies, Westoz Invest
Slide 11: Funds Management
Funds Management Prodigy Investment Partners – boutique funds management joint venture Prodigy Investment Partners (Prodigy) is an 80% – owned joint venture between Euroz Limited and former MLC CEO Steve Tucker The first of these new boutique fund management partnerships was announced in July 20
Slide 12: Euroz Strategy
Euroz Strategy Business attributes Base Dividend Dividend Market Upside Rating/EV Stockbroking and Corporate Finance Daily brokerage turnover provide a base of revenues High impact (but cyclical) transactional fee upside (ECM/M&A) Wealth Management Growing recurring base fee revenue as fun
Slide 13: Euroz Strategy
Euroz Strategy The major driver of past dividends have been Corporate Finance fees (equity capital market and M&A) and Funds Management performance fees (WIC and OZG) ECM and performance fees have typically occurred together in strong resource markets (2007, 2008, 2010 and 2011) Strategy: Grow t
Slide 14: Euroz Balance Sheet
Euroz Balance Sheet Strong balance sheet/zero debt Deploying modest capital into Prodigy Investment Partners Market Valuation: $55 - $63m enterprise value. Cost Market Look through value1 Westoz $39.0m $40.4m $43.3m Ozgrowth $27.7m $26.2m $31.3m Flinders Investment Partners $6.1m $8.3m $8.3m D
Slide 15: Funds Under Management
Funds Under Management Strong organic FUM growth from a diverse range of businesses $1,500 $1,435m $1,403m Funds Management WIC ($171m) $1,250 $1,205m $348m $1,143m OZG ($79m) $1,000 $962m $923m Flinders ($16m) Entrust Wealth $750 Management $794m Dalton Street ($82m) $500 Entrust ($794m) $250 Euroz
Slide 16: Trading Update
Trading Update Euroz Group Summary An improved second half driven by strong ECM activity in Euroz Securities Wealth Management FUM now over $1.087 billion/slower second half FUM growth Solid Dalton Street Capital investment performance and FUM growth Euroz Securities Positive resource sentim
Slide 17: Trading Update (cont’d)
Trading Update (cont’d) Prodigy Investment Partners Sales team making good inroads into retail platform market Excellent Dalton Street Capital progress / strong investor interest Building good relationships with consultants and platforms Flinders Investment Partners Improved investment perfo
Slide 18: Summary
Summary Euroz is a growing and diversified financial services company Modest six WA & Ranked #1 month result / commodity in WA based stronger prices volatile equity capital second half but improving raisings1 A robust & Established track growing balance Diversification record provides sheet strategy
Slide 19: Disclosure
Disclosure Disclaimer & Disclosure Euroz Limited (EZL) and its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to the
Slide 20: Thank you
Thank you Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com
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