Trustco — AFSIC 2015
13 slides from Trustco's conference presentation, May 12, 2015
Slide 1: Insights into Namibia's Disruptor
INSIGHTS INTO NAMIBIA’S DISRUPTOR AFSIC – 12th & 13th May 2015
Slide 2: Our history
Our history Trustco is a listed financial services group that Invests in high-growth assets in emerging markets • Established in 1992 • Headquartered in Namibia with operations in South Africa, Namibia and Mauritius. • Listed on the main board of the Johannesburg Stock Exchange (Ticker: TTO) with a
Slide 3: Namibia in 2015
Namibia in 2015 * Namibia’s capital (Windhoek)
Slide 4: Economic snapshot of Namibia
Economic snapshot of Namibia • 25th year of independence with 3rd democratically elected president in office • Property price increases amongst top 3 in the world – refer to 2013 Wall Street Journal • GDP growth and forecast – 4.5% for 2015 forecast by IMF (5 year average of 4.8%) • Inflation remain
Slide 5: Highlights
Highlights During 2014, Trustco was the top performing stock on the JSE 250 12000 Trustco JSE 10000 200 8000 150 Cents Cents 6000 100 4000 50 2000 0 0 Other highlights in 2014 included… • Included in the FTSE/JSE ALSI index • 3rd place in Deloitte’s 2014 Best company to work for Survey – Southern Af
Slide 6: Our products
Our products Insurance • Free life cover on almost all products • No blood tests for term life • Low premiums and one policy usually Identify products that can covers the whole family create group synergies • Contact only via internet or cell-phone – no printed policy docs Must be accessible to the
Slide 7: Creating financial products with vertical integration
Trustco strives to increase opportunities for customers by creating financial products with vertical integration Product Supporting division Sell serviced land Finance for property developer Finance ultimate home owner Term life insurance for home owner Children attend IOL to obtain diploma/ degree
Slide 8: Profits and balance sheet trend
Profits and balance sheet trend NAV and EPS (trailing 12 months over past 2yrs) • Steady growth in revenue coupled 16.00 6.00 with a decreasing gross margin have NAV USD (cents) per share EPS USD (cents) per share 15.00 5.00 helped to elevate profits 14.00 4.00 • The balance of revenue, interest 13.
Slide 9: Historical earnings and metrics
Historical earnings and metrics 1H2015 - FY2010 FY2011 FY2012 FY2013 FY2014 trailing 12 months Revenue 64.3 68.6 83.3 69.5 98.5 142.9 NPAT 16.1 24.7 28.0 4.6 29.5 36.9 Headline earnings 10.0 17.2 16.2 4.0 16.5 26.4 Total Assets 79.7 105.8 131.6 132.7 219.6 244.7 NAV 41.4 63.4 79.1 83.8 106.0 115.5 *
Slide 10: Selected key data
Selected key data Traditional product lines continue to grow and segments are starting to support similar contributions to the group’s earnings 80 40.0% 70 35.0% USD millions (loan book) Non-performing loan % 60 30.0% 50 25.0% 40 20.0% 30 15.0% 20 10.0% 10 5.0% - 0.0% Mar-09 Sep-09 Mar-10 Sep-10 Mar
Slide 11: New products
New products The growing middle class in Africa presents unique opportunities to re-invent traditional financial products Introducing free life cover on ordinary cell phone spend – no opt-in model and at no extra cost to the Mobile Operator Check your life cover online or via the app Convertin
Slide 12: CSI initiatives
CSI initiatives Through its partnerships with international and local development funders, Trustco remains committed to ES&G and CSI initiatives CSI spend allocation Sports 9% development 11% Education & bursaries 81% NGO’s and Special Causes • In 2015, CSI spend rose to 2.5% of Net Profit after Tax
Slide 13: Like to know more?
Like to know more? www.tgh.na or Ryan McDougall CA (SA) - Group Financial Director Tel: +264 61 275 4501 Email: RyanM@tgh.na