Hub24 Limited · ASX:HUB
Hub24 — Shareholder Meeting (October 2021)
25 slides from Hub24's shareholder meeting presentation, Oct 18, 2021
Slide 1: Class Limited (CL1) 2021 Annual General Meeting
18 October 2021 Ms. Ramona Seeto Listing Compliance Adviser Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000 Dear Ramona Class Limited (CL1) 2021 Annual General Meeting Class Limited’s Annual General Meeting (AGM) will be held today, commencing at 3:00pm, Sydney time,
Slide 2: Annual General Meeting
(ASX:CL1) Annual General Meeting 18 October 2021 We will reimagine a more simple, automated world for our customers and they will love it!
Slide 3: Our Agenda
Our Agenda Chairman’s address CEO update Formal business Q & A (via online platform) AGM 2021 (ASX:CL1)
Slide 4: Chairman's Address
Chairman’s Address Matthew Quinn, Chairman, Class Limited 3
Slide 5: Our Agenda
Our Agenda Chairman’s address CEO update Formal business Q & A (via online platform) AGM 2021 (ASX:CL1)
Slide 6: CEO Update
CEO Update Andrew Russell, Managing Director & CEO, Class Limited 5
Slide 7: We continued to successfully execute to plan in Year 2 of our Reimagination Strategy
We continued to successfully execute to plan in Year 2 of our Reimagination Strategy Revenue Investment & Cashflow Profitability & Margin Customer Operating Revenue2 Product and Tech Investment Underlying EBITDA2 Class Retention4 $54.9m $16.9m $21.9m 99.1% Up 25% Up 30%, Guidance Guidance 22% Guidan
Slide 8: We accelerated our growth, enhanced our capability and improved the scale of offerings
We accelerated our growth, enhanced our capability and improved the scale of offerings to our customers Maintaining SMSF product Accelerating Growth Growing the number of Rejuvenating the leadership and launching through strategically Wealth Accounting Technology Stack for Class Trust aligned acquis
Slide 9: As we scale, Product and Technology investment as a % of revenue is normalising
As we scale, Product and Technology investment as a % of revenue is normalising Platform Increasing rejuvenation investment in investment peaks as product we deliver and scale 31% 26% $16.9m1 was 29% 2% invested in FY21 to 2% 3% 22% fast-track 8% (At scale) transformation of 2% the platform and 11%
Slide 10: Our strategy is focused on continued growth of our total addressable market
Our strategy is focused on continued growth of our total addressable market through new products, adjacencies and offshore markets Future Additional Addressable We are exploring opportunities to grow our TAM in Market FY22 and beyond: 4 New Products, Adjacencies 1. New product categories where compl
Slide 11: We are well positioned to achieve our FY22 targets for the 'Make our Mark' Year
We are well positioned to achieve our FY22 targets for the ‘Make our Mark’ Year of the Reimagination Strategy Full year Roll Forward Contributions Part year FY21 Revenue Embedded Other Revenue FY22 (Smartcorp + Contributions Revenue (Organic) Reckon Docs) (Topdocs) FY22 Revenue Initiatives Revenue (
Slide 12: FY21 Results Takeaways
FY21 Results Takeaways Delivered business Acquisitions are Class is well We are targeting 18% We are exploring new reimagination delivering double positioned for ongoing revenue growth and products, adjacencies and accelerated digit organic sustainable revenue 19% EBITDA growth and offshore growth i
Slide 13: Our Agenda
Our Agenda Chairman’s address CEO update Formal business Q & A (via online platform) AGM 2021 (ASX:CL1)
Slide 14: Formal Business
Formal Business Item For % Open % Against % Abstain 1 RE-ELECTION OF MATTHEW 69,093,877 99.44 245,188 0.35 144, 765 0.21 1,878,953 QUINN 2 REMUNERATION REPORT 68,172,537 98.75 225,188 0.33 636,590 0.92 1,427,685 3 GRANT OF PERFORMANCE 68,515,853 98.71 225,188 0.32 669,777 0.96 1,901,965 RIGHTS AND D
Slide 15: Q & A (via online platform)
Q&A (via online platform) AGM 2020 (ASX:CL1) 14
Slide 16: Chairman's Address & CEO Update
CHAIRMAN'S ADDRESS & CEO UPDATE 2021 ANNUAL GENERAL MEETING OF CLASS LIMITED 18 OCTOBER 2021 (ONLINE) [Slide 2-3: Chairman’s address slide] Good afternoon. I am Matthew Quinn, Chairman of Class Limited, and it is my pleasure to welcome you to our 2021 AGM. It is now 3pm and, as the necessary quorum
Slide 17: Class and Hub24 Scheme Implementation Deed
Today’s news for Class is obviously dominated by the announcement that Class and Hub24 have entered into a Scheme Implementation Deed under which Hub24 has agreed to acquire all of the issued shares in Class by way of a recommended court-approved Scheme of Arrangement. The combined entity will creat
Slide 18: Kathryn Giudes has advised the Board she will not seek re-election
Kathryn Giudes has advised the Board that she will not be seeking re-election and will retire as a director at the close of the AGM. Kathryn joined Class prior to our IPO in 2015 and her skills in technology, sales and early-stage start-up companies have been extremely valuable. We thank Kat for her
Slide 19: Class continues our successful track record of buying and integrating acquisitions well
• Class continues our successful track record of buying and integrating acquisitions well. We are realising good organic growth with these acquisitions as we scale the Class NowInfinity platform and grow our market leadership • Our technology and product investment has been fast tracked and is deliv
Slide 20: The board has declared a final fully franked dividend
• The board has declared a final fully franked dividend of 2.5 cents for 2H FY21 In summary - the FY21 financial results are solid, and, as importantly, we are transforming and scaling Class in line with our 3-year plan. [Slide 7 - Key achievements for FY21] The transformation strategy has been to g
Slide 21: Our acquisitions are a key step in evolving Class to an integrated multi-product offering
Our acquisitions are a key step in evolving Class to an integrated multi-product offering to our professional services customers, diversifying Class revenue mix. The acquisitions of Nowinfinity, Smartcorp and Reckon Docs have been integrated under the Class NowInfinity banner. The acquisition of Top
Slide 22: Turning now to Strategy and Outlook
[Slide 9] Turning now to Strategy and Outlook We are now turning our thinking to Horizon 2 given our progress and success to date. We are exploring opportunities to further grow our TAM in FY23 and beyond via: 1. New product categories 2. New adjacencies 3. Offshore markets We will communicate a cle
Slide 23: FY21 Result Takeaways
[Slide 11 – FY21 Result Takeaways] I would like to conclude with several takeaways: 1. We have an impressive strategy execution score card. Our FY21 financial results are solid and exceeded our revenue target 2. We have a successful acquisition track record. We now have market leadership in all our
Slide 24: Formal Business
[Slide 13 - Formal Business] 2021 NOM resolutions: We have six resolutions to be voted on today: 1. My re-election 2. Approval of the Remuneration Report 3. Grant of Performance Rights and Deferred Rights to Andrew Russell, CEO and Managing Director 4. Provision of Financial Assistance by the Topdoc
Slide 25: Important Information
Important Information This presentation is provided for information purposes only. The information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or other persons. The information contained in this presentation