Bell Financial Group Limited · ASX:BFG
Bell Financial — H1 2021 Earnings Presentation
20 slides from Bell Financial's earnings presentation, Aug 11, 2021
Slide 1: ASX Release: interim profit of $16.8 million and 4.5c dividend
ASX RELEASE. BELL FINANCIAL GROUP 11 August 2021 Bell Financial Group reports an interim profit of $16.8 million (after tax), and a 4.5 cents per share fully franked dividend Key Highlights ¢ $130.5 million revenue, a 1% increase on the previous corresponding period (pcp). e $16.8 million profit aft
Slide 2: Bell Financial Group First-Half 2021 Results
BELL FINANCIAL GROUP (ASX:BFG) FIRST-HALF 2021 RESULTS Australian owned, we provide traditional stockbroking, investment and financial advisory services to private, institutional and corporate clients. A developer of proprietary technology, platforms, products and services for the Australian stockbr
Slide 3: Contents
CONTENTS 1 Key Highlights 2 2 Financial Summary – 1H 2021 5 3 Our Operating Divisions 9 4 Our Strategy 20
Slide 4: Key Highlights
KEY HIGHLIGHTS BELL FINANCIAL GROUP
Slide 5: Key Highlights
KEY HIGHLIGHTS Revenue Profit After Tax Funds Under Advice $130.5m $16.8 m $72.5b 1% increase on 1H 2020 3% increase on 1H 2020 13% increase on 31 December 2020 Earnings Per Share Dividend Per Share Return on Equity (Annualised) 5.2¢ share 4.5¢ share 21% 3% increase on 1H 2020 12.5% increase on 1H 2
Slide 6: Financial Summary 1H 2021
FINANCIAL SUMMARY 1H 2021 BELL FINANCIAL GROUP
Slide 7: Financial Summary
FINANCIAL SUMMARY Consistent growth in Revenue and Earnings over an extended period. REVENUE ($M) NPAT ($M) EARNINGS PER SHARE (CENTS) DIVIDEND PAID ($M) AND GROSS DIVIDEND YIELD (%) 350 50 16 40 40% 46.7 14.6 CAGR +23.9% CAGR +12.9% 299.3 45 CAGR +23.4% 14 35 33.6 35% 300 CAGR +29.9% 254.5 40 12 30
Slide 8: Financial Summary (cont.)
FINANCIAL SUMMARY (CONT.) We have a solid cash-backed balance sheet with no core operating debt EBIT MARGIN BFG SHARE PRICE MOVEMENT RETURN ON EQUITY January 2016 – June 2021 BFG XJO 24% 30% 29.0% 22.7% 28% 22% 26% CAGR +23.5% CAGR +12.9% 24% 22.0% 22.1% * 20% 22% 21.0% * 18.7% 18.6%18.6% 20% 18% 17
Slide 9: Group Funds Under Advice as at 30 June 2021
FINANCIAL SUMMARY (CONT.) GROUP FUNDS UNDER ADVICE AS AT 30 JUNE 2021 FUNDS UNDER ADVICE ($B)* CHESS SPONSORED HOLDINGS ($B) PAS ($B) 13.5% increase on 31 December 2020 14.6% increase on 31 December 2020 2.8% increase on 31 December 2020 65.9 4 3.6 3.7 80 72.5 70 3.4 57.5 4 70 63.9 60 58.4 52.1 3 2.
Slide 10: Our Operating Divisions
OUR OPERATING DIVISIONS BELL FINANCIAL GROUP
Slide 11: Corporate Structure & Business Units
CORPORATE STRUCTURE & BUSINESS UNITS BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL ─ Retail Equities (Domestic & International) Five distinct business units operate within Third Party Platform: ─ Margin Lending ─ Institutional Equities ─ Structured Loan Products ─ 24-hour
Slide 12: Broking – Retail & Institutional
BROKING – RETAIL & INSTITUTIONAL BROKERAGE REVENUE ECM AND SYNDICATION SPONSORED HOLDINGS ($B) (RETAIL & INSTITUTIONAL) ($M) REVENUE ($M) 109.0 105.7 110 110 45.0 94.6 100 39.7 100 92.6 91.6 40.0 85.8 90 83.0 90 34.6 35.0 33.5 80 80 66.4 29.2 70 30.0 27.7 70 25.9 85.2 60 54.6 60 54.2 25.0 51.1 106.4
Slide 13: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period. ─ $29.9 billion in Sponsored Holdings. ─ 220,000 client accounts. ─ Strong revenue growth over an extended period. REVENUE ($M) PROFIT AFTER TAX ($M) SPONSORED HOLDINGS ($B) C
Slide 14: Technology & Platforms (cont.)
TECHNOLOGY & PLATFORMS (CONT.) Third Party Platform operates five distinct businesses: Bell Direct Provides execution and clearing services to the Financial Planning industry. Desktop Broker has agreements with over 3,200 Financial Planners, servicing more than 42,000 clients. Desktop Broker Our pro
Slide 15: Products & Services
PRODUCTS & SERVICES ─ The only non-bank margin lender in the Australian marketplace ─ Conservatively managed with an average LVR of 21% across the loan ─ Consistent revenue and earnings growth book ─ $515 million loan book at 30 June 2021. ─ $467 million client funds at call at 30 June 2021. LOAN BO
Slide 16: Our Strategy
OUR STRATEGY BELL FINANCIAL GROUP
Slide 17: Growth Through Investment in Proprietary Technology, Platforms, Products & Services
GROWTH THROUGH INVESTMENT IN PROPRIETARY TECHNOLOGY, PLATFORMS, PRODUCTS & SERVICES We have a simple strategy. Growth through our traditional full service broking businesses augmented by investment in leading edge technology through our ongoing commitment to the continuous development of our proprie
Slide 18: Investment in Growing Revenue Streams
INVESTMENT IN GROWING REVENUE STREAMS Ongoing investment in proprietary technology platforms, products and services is a significant component of our ongoing business development. Increased leverage to technology is producing better outcomes for our staff and clients resulting in material growth in
Slide 19: About Bell Financial Group
ABOUT BELL FINANCIAL GROUP Established in 1970 and publicly listed in 2007, Bell Financial Group is an Australian owned provider of stockbroking (full service and online) and investment and financial advisory services to private, institutional and corporate clients. 14 offices across Australia plus
Slide 20: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as