Sequoia Financial Group Ltd. · ASX:SEQ
Sequoia Financial — Shareholder Meeting (November 2024)
7 slides from Sequoia Financial's shareholder meeting presentation, Nov 20, 2024
Slide 1: AGM CEO Presentation
AGM CEO Presentation Presenter GARRY CROLE MD / CEO 20 November 2024 Sequoia Financial Group | 1
Slide 2: FY24 Result highlights
FY24 Result highlights Operating Revenue NPAT2 profit1 $124.6m $8.7m $24.0m Operating DPS Net cash cashflow3 $4.8m 4.5 CPS $16.8m (normal ) 1. Operating profit (normalised EBITDA) excludes non-operating items 2. Includes gains on sale of Morrison Securities Sequoia Financial Group | 2 3. From contin
Slide 3: Sequoia has two major operating divisions
Sequoia has two major operating divisions Licensee and Adviser Services Legal and Administration Services Client Accounting firms Client Financial Planners Products & Establishes Legal Products & Services Licence hire for 360 structures (Company self-employed advisers Services , Salaried advice inco
Slide 4: Legal and Administration Services
Legal and Administration Services Growth through consolidation , scale and offering $m Revenue EBITDA • EBITDA margin improved from 28% to 45% 10 9.3 from scale and technology integration. 9 • Market share continued to increase to 7.7 8 ~10% in a highly fragmented industry, providing a consolidation
Slide 5: Licensee and Adviser Services
Licensee and Adviser Services Growth in Advisors, Revenue and Operating Margin $m Revenue EBITDA 120 113 • Among only three major licensee firms to increase advisor numbers in FY 2024 100 89.3 despite overall financial planner numbers falling significantly . 80 • The growth focus in the shorter term
Slide 6: Key Strategic Initiatives
Key Strategic Initiatives • Divest non-core businesses and streamline existing operations. • Continue to invest in technology that will drive greater efficiency within key businesses. • Restructure the Sequoia Specialist Investments / Media businesses to improve margins and grow revenue. • Use our s
Slide 7: Corporate Information
Corporate Information • Shares on Issue @ 1/11/2024 124.32m • Top 20 shareholders 56.8% • Number of shareholders 699 • Franking Credit balance $19.3m • Market Cap @ 0.36 $44.7m • Cash and Listed shares @ 1/11/2024 $15.3m • Investments in unlisted assets (Euree/ Morrison) on balance sheet $10.7m • EV
Sequoia Financial Group — Shareholder Meeting (November 2024) on 6ix