EQT Holdings Ltd. · ASX:EQT
EQT — Shareholder Meeting (October 2021)
27 slides from EQT's shareholder meeting presentation, Oct 22, 2021
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING Carol Schwartz AO, Chair Mick O'Brien, Managing Director EQT Holdings Limited 22 OCTOBER 2021
Slide 2: Carol Schwartz AO, Chair
CAROL SCHWARTZ AO CHAIR
Slide 3: Board of Directors
BOARD OF DIRECTORS @ fe] CAROL SCHWARTZ AO Chair at: i ax de » ANNE M O'DONNELL KEVIN J ELEY D. GLENN SEDGWICK MICK O'BRIEN Independent Director Independent Director Independent Director . , Managing Director TIM HAMMON CATHERINE ROBSON KELLY O'DWYER Independent Director Independent Director Indepen
Slide 4: Agenda
AGENDA @ (A) CHAIR'S ADDRESS (B) MANAGING DIRECTOR'S ADDRESS (C) ITEMS OF BUSINESS a ) FINANCIAL REPORT, DIRECTORS’ REPORT AND AUDITOR’S REPORT (2 ) ELECTION AND RE-ELECTION OF DIRECTORS (3 ) ADOPTION OF REMUNERATION REPORT (4 ) APPROVAL OF LONG-TERM INCENTIVE AWARD FOR MANAGING DIRECTOR (5 APPROVAL
Slide 5: Questions and Voting
QUESTIONS AND VOTING @ LINKGroup SOUT TO ASKA TO VOTE: QUESTION: Click on ‘Get a Click on ‘Ask a Voting Card Question’ If you haven't already, enter your: ‘Te peenton begin a Lan 2 * SRN/HIN; and If you haven't already, enter your: * SRN/HIN; and * postcode (or country if outside £ Downloads ° postc
Slide 6: Carol Schwartz AO, Chair
CAROL SCHWARTZ AO CHAIR
Slide 7: Mick O'Brien, Managing Director
MICK O'BRIEN MANAGING DIRECTOR
Slide 8: Leadership Team
LEADERSHIP TEAM @ a, MICK O’ BRIEN Managing Director » “ At yy PHILIP GENTRY SHARNI REDENBACH RUSSELL BEASLEY IAN WESTLEY MARK BLAIR Chief Financial Officer, Executive General Executive General Executive General Executive General Chief Operating Officer & Manager, Manager, Manager, Manager, Superann
Slide 9: Financial Performance Driven by Strong FUMAS Growth
FINANCIAL PERFORMANCE DRIVEN BY STRONG FUMAS GROWTH @ FUMAS* REVENUE UNDERLYING NPAT DIVIDENDS $144.2b $101.0m $22.4m D7 cents + Up 43% on FY20 4 Up 5.9% on FY20 t Up 5.5% on FY20 4 Up 1 cent per share on FY20 ¢ Solid growth in earnings primarily as a result of strong organic growth * Statutory NPAT
Slide 10: FUMAS Up 43% to $144.2b
FUMAS UP 43% TO $144.2B @ $b TOTAL EQT FUMAS! 160 140 43% increase in FUMAS principally 43% driven by: 120 7 * Large Superannuation Trustee 100 1010 appointments — especially AMP/Life Resolution and HUB24 80 86.2 85.4 14 * Significant new business activity 60 in Corporate Trustee Services 40 * Posit
Slide 11: FUMAS Growth Across All Businesses
FUMAS GROWTH ACROSS ALL BUSINESSES ® $b STS FUS! $b TWS FUMAS? 40 11 35 10 30 25 ° 20 8 15 7 10 5 6 5 FY19 FY20 FY21 FY19 FY20 FY21 + FUMAS up 200% + FUMAS up 21% * Onboarded AMP Life (owned by Resolution Life), * Growth in new clients HUB24, Centric and Aracon Superannuation funds + Our $3.8b speci
Slide 12: Growth Across All CTS Business Lines
GROWTH ACROSS ALL CTS BUSINESS LINES $b CTS TOTAL FUs! 120 100 80 60 40 20 FYI9 FY20 FY21 + FUMAS? up 23% + 8new fund manager clients, supported by positive equity markets + Expansion in service offering to dual registry quoted funds + Continued growth in corporate trust appointments 1 FUS: Funds un
Slide 13: Consistent Performance
CONSISTENT PERFORMANCE $m 105 100 95 90 85 80 75 70 24 22 18 16 $101.0M TOTAL REVENUE 101.0 95.4 92.5 88.5 - a i FYI7 FY18 FY19 FY20 FY21 NET PROFIT AFTER TAX 22.0 22.4 21.2 = 19.7 19.2 15.4 , FY17 FY18 FY19 FY20 FY21 Underlying NPAT? Statutory NPAT ' Underlying EBITDA excludes one off M&A expenses
Slide 14: Revenue Bridge FY20 to FY21
$m 105 • 7.3 100 101.0 • 95 2.2 95.4 (1.4) 94.0 (0.2) 93.8 90 (1.6) (0.7) • 85 • 80 FY20 Single estate Adjusted Competitive Interest rate Equity marketEquity market Organic FY21 impact on Revenue repricing fees impact on impact on impact on growth FY20 - TWS FY20 on Advice cash funds dividend FUMAS¹
Slide 15: Balance Sheet Strength
BALANCE SHEET STRENGTH PROVIDES SECURITY AND FLEXIBILITY $M FY21 1H21 FY20 Assets Cash and liquid investments 73.9 73.9 80.7 ORFR cash 23.3 23.3 9.0 Trade receivables and accrued income 34.6 31.6 27.5 Goodwill and intangible assets 206.4 207.2 208.4 Other assets 15.7 16.0 17.1 Total assets 353.9 352
Slide 16: Delivering for Stakeholders
DELIVERING FOR STAKEHOLDERS EMPLOYEE ENGAGEMENT CLIENT SATISFACTION Net Promoter score (NPS)! Net Loyalty score (NLS)? Engaged and enabled staff * Note changes are FY21 relative to FY20, 1 Net Promoter score— net measure of client willing to recommend EQT 2 Net Loyalty score net measure of clients p
Slide 17: Other Achievements
OTHER ACHIEVEMENTS PEOPLE TECHNOLOGY * HR initiatives enabled increased engagement despite lockdowns * Successful Board changes and renewal * Transitioned new leadership into CTS * Sourced superannuation professionals to manage growth Deployed new risk and compliance platform — CAMMS Deployed new th
Slide 18: Resilient Performance with Growth Momentum
RESILIENT PERFORMANCE WITH GROWTH MOMENTUM Robust FUMAS growth to $144.2 billion, supported by organic growth and strong equity markets Solid EPS growth on both an underlying and statutory bases Consistent cash conversion Increased dividend after maintaining the same amount in FY20 Sound capital pos
Slide 19: A Company Founded on Trust
A COMPANY FOUNDED ON TRUST ® PURPOSE: HELP PEOPLE TAKE CARE OF THE FUTURE Safeguard people's wealth now and for Provide trustee services to help clients protect generations to come members’ and investors’ interests Act as a trusted, independent partner to grow Empower clients to improve the lives of
Slide 20: Trust Is in Demand
TRUST IS IN DEMAND Regulatory landscape continues to evolve Increasing demand for an independent fiduciary model following the Royal Commission Increasing Conflicts of F regulatory interest . oversight Growing trend for companies to focus on Changes in ownership of wealth Ownership KEY Focus on mana
Slide 21: Equity Trustees Is a Leader in Independent Trustee Services
EQUITY TRUSTEES IS A LEADER IN THE PROVISION OF INDEPENDENT TRUSTEE SERVICES Australia’s largest specialist independent trustee providing services to individuals, families and corporate clients TRUSTEE & WEALTH SERVICES * Private client and philanthropic services including estate planning and manage
Slide 22: Group Strategy Overview
GROUP STRATEGY OVERVIEW OUR OBJECTIVES GROUP STRATEGY BUSINESS GROWTH CLIENT SERVICE CAPABILITY COMMUNITY * Capture opportunities from market demand for fiduciary independence * Compete in additional lines of trusteeship to maximise our opportunity set + Scale up areas of business that show greatest
Slide 23: Business Unit Strategies
BUSINESS UNIT STRATEGIES TRUSTEE & WEALTH SERVICES SUPERANNUATION CORPORATE TRUSTEE SERVICES (TWs) TRUSTEE SERVICES (STS) (cTS) BR w t + Achieve leadership in multiple states and more lines of business Enhance client experience Build on presence in for-purpose market Increase participation in interg
Slide 24: Business Update
BUSINESS UPDATE @ TRUSTEE & WEALTH SERVICES SUPERANNUATION CORPORATE TRUSTEE SERVICES (Tws) TRUSTEE SERVICES (STS) (CTS) * Streamlining trustee and advice for + Industrialisation of digital platforms + Fund establishments continue at Health and PI clients to manage scale high level * Eight Bays Glob
Slide 25: Outlook
OUTLOOK @ STRATEGY REINFORCED AND MOMENTUM CONTINUES ¢ Strategy is clear and continues to provide momentum in FUMAS and revenue growth ¢ Trend to outsource fiduciary services continues to transform industry and benefit Equity Trustees ¢ Strong equity markets are now generating a positive impact * FU
Slide 26: Thank You
THANK YOU
Slide 27: EQT Holdings Limited
EQT Holdings Limited @ ABN 22 607 797 615 Level 1, 575 Bourke Street Melbourne VIC 3000 1300 133 472 www.eqt.com.au Disclaimer The Board has authorised that this document be given to the ASX. EQT Holdings Limited ABN 22 607 797 615. This document was prepared by EQT Holdings Limited and is only prov