Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2013)
21 slides from Prime Financial's shareholder meeting presentation, Nov 26, 2013
Slide 1: 2013 Annual General Meeting announcement
Prime Financial Group Ltd ACN 009 487 674 26 November 2013 For personal use only Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 enquiries@primefinancial.com.au Company Announcements Office www.primefinancial.com.au Australian Stock Ex
Slide 2: Chairman's Address
Prime Financial Group Ltd ACN 009 487 674 26 November 2013 For personal use only Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 enquiries@primefinancial.com.au 2013 ANNUAL GENERAL MEETING www.primefinancial.com.au Chairman’s Address I
Slide 3: Chairman's Address (continued)
Prime’s Accounting and Self-Managed Superannuation Investment Strategy has been For personal use only under review by the Board over the last twelve months. The review included the prospect of expanding the Investment Model to new investees and whether this would be complementary to Prime’s core wea
Slide 4: Annual General Meeting November 2013
Annual General Meeting For personal use only 26 November 2013 Helping Clients Build Wealth and Protect Assets
Slide 5: Welcome
Welcome For personal use only • Directors: • Stuart James - Chairman • Simon Madder - Managing Director/CEO • Peter Madder - Executive Director • Company Secretary: • Campbell Kennedy • Auditors: • William Buck Audit (VIC) Pty Ltd • Share Registry: • Computershare Investor Services
Slide 6: Agenda
Agenda For personal use only • Chairman's Address – Stuart James • Managing Director/CEO’s Report – Simon Madder • Business of the Meeting
Slide 7: Managing Director/CEO's Report
Managing Director/CEO’s Report For personal use only Simon Madder Helping Clients Build Wealth and Protect Assets
Slide 8: Positioning & Opportunity
Prime Financial Group Ltd – Positioning & Opportunity For personal use only • What is the Clients opportunity for • Estimated that only 20% - 40% of Australians receive Prime? Financial Advice. Superannuation asset pools continue to grow and Australians are increasingly becoming more engaged in thei
Slide 9: Positioning & Opportunity: How does Prime grow?
Prime Financial Group Ltd – Positioning & Opportunity For personal use only • How does Prime • More consistently implement Prime’s Wealth grow? Management Client Engagement Model with Accounting Firms (More New Leads & New Client Appointments) • Increase Funds Under Management (FUM) • Deliver more s
Slide 10: Positioning & Opportunity: Why successful?
Prime Financial Group Ltd – Positioning & Opportunity For personal use only • Why are we • Key roadmap to Growth (Organic & Acquisition) successful and • Clear focus on what our ideal Clients and Partners look why will we like and, increasingly how to access them become more successful? • Access to
Slide 11: Key Developments & Operational Focus FY2013
Key Developments & Operational Focus FY2013 For personal use only FY2013 • Restructured Cost Base - $1.3M benefit to flow through in FY2014; • Continued improvement in traditional Wealth Management Revenue (New Business & Recurring Revenue) through Prime’s Client Engagement Model (CEM) (Up 6% on FY2
Slide 12: Key Developments & Operational Focus FY2013 (cont)
Key Developments & Operational Focus FY2013 (cont…) For personal use only FY2013 • Revamped the Digital Branding Strategy as part of Prime’s wider Brand build; • Recruited a dedicated Chief Investment Officer (CIO) to facilitate further development of Prime's investment offering; • Finalised the rev
Slide 13: Key Developments & Operational Focus FY2014 (November Update)
Key Developments & Operational Focus FY2014 (November Update) For personal use only FY2014 (November Update) • Restructured Cost Base - $1.3M down on FY2013 (ON TARGET); • Wealth Management Revenue (Excluding CEM Licensing Revenue) – CONSISTENT WITH PCP (1H13); • FUM: • New FUM (Marginally lower run
Slide 14: Key Developments FY2014 (November Update) cont.
Key Developments & Operational Focus FY2014 (November Update)…cont. For personal use only FY2014 (November Update) • November launch of Prime’s ‘Commercial Property Investment Management Business – Protus Prime’: • Increased diversification for Clients as part of ‘Private Wealth Management Service’
Slide 15: Summary Full Year Results
Summary Full Year Results For personal use only Financial FY13 FY12 % Change Earnings Before Interest & Tax (EBIT) ($M) 3.74 4.32 - 13% Net Profit After Tax (NPAT) ($M) 2.78 2.81 - 1% Basic & Diluted Earnings (cents per share) 1.7 1.7 0% Dividend Paid & Proposed (cents per share) 0.75 1.00 - 25% (fu
Slide 16: Summary Profit & Loss
Summary Profit & Loss For personal use only % Change FY13 1H13 2H13 FY12 FY13 v FY12 Wealth Management – New Business Revenue ($M) 3.10 1.40 1.70 2.68 + 16% Wealth Management – Recurring Revenue ($M) 7.51 3.62 3.89 6.89 + 9% Wealth Management – Licensing Revenue ($M) 1.52 0.92 0.60 1.82 - 16% Total
Slide 17: FY2014 Focus
FY2014 Focus For personal use only FY2014 The plan in FY2014 is to; • Continue to promote Prime, communicating our difference and the distinct value we offer in all of our key markets; • Build out our Investment Advisory offering – see Property Investment Management Business launch in November 2013;
Slide 18: Business of the Meeting
Business of the Meeting For personal use only Business of the Meeting • Consideration of Financial Statements • Note: There is no requirement for shareholders to approve these statements • Adoption of the Remuneration Report • Re-Election of Director – Stuart James
Slide 19: Resolution: Remuneration Report
Business of the Meeting For personal use only Resolution 1 • To consider and, if thought fit, to pass (with or without modification) the following as a non-binding ordinary resolution: “That the Remuneration Report for the year ended 30 June 2013 forming part of the Director’s Report be adopted by t
Slide 20: Resolution 2: Re-Election of Director – Stuart James
Business of the Meeting For personal use only Resolution 2: Re-Election of Director – Stuart James • To consider and, if thought fit, to pass (with or without modification) the following as an ordinary resolution: “That Mr. Stuart James, a Director retiring by rotation in accordance with the Company
Slide 21: Thank you
Thank you For personal use only Helping Clients Build Wealth and Protect Assets
Prime Financial Group — Shareholder Meeting (November 2013) on 6ix