Slide 1: Half Year Results
For personal use only Half Year Results 26 February 2015 Barry Lambert - Chairman Phil Aris - Managing Director & CEO
Slide 2: Half Year Results Highlights
Half Year Results Highlights Financials For personal use only Net Profit before Tax: $8.73 million ( 2 9.1%) Consolidated Net Profit after Tax: $6.08 million ( 10.3%) 3 Excluding CBA loyalty payments from prior period: Net Profit before Tax 20.4%, net profit after tax 18.5% CUP Dividends 3rd Interim
Slide 3: Dividends and Earnings Guidance
Dividends and Earnings Guidance Good performance expected to be maintained through For personal use only full year; Accounting business traditionally inconsistent in second half; 2 cent quarterly dividend expected to be maintained. 3
Slide 4: Result Overview
Result Overview Continued challenging conditions for accounting division; For personal use only Financial planning improving across group; Property broking business, Pacific East Coast was one of group’s best performers; Largest associate business, Hood Sweeney growing strongly following suc
Slide 5: Group Performance
Group Performance Dec ‘14 % % Normalised accounting For personal use only $ ‘000 Change Normalised revenue up 0.9% Normalised financial (Dec’13) Change* planning revenue up Total Net Revenue 46,867 -10.3% 4.6% 8.0% (21% of net revenue) Expenses: Property related Salaries and Employment (28,162) (8.2
Slide 6: Group Performance
Group Performance Dec ‘14 % % For personal use only $ ‘000 Change Normalised (Dec’13) Change* Non-Operating Income 222 82.0% 88.1% Largest component of non-cash Share Based Payments (99) 106.3% 106.3% amortisation expense Interest Expense (net) (564) (10.0%) (6.2%) relates to acquired client relatio
Slide 7: Balance Sheet
Balance Sheet Dec’14 % Change For personal use only $ ‘000 (Jun’14) Current Assets 32,186 (6.3%) Debt facility to be Current Liabilities 41,751 98.7%* extended before the end of the year. Current Ratio 0.77* Non-Current Assets 71,133 8.7% Net debt has Non-Current Liabilities 7,857 (71.5%)* increased
Slide 8: Dividends
Dividends For personal use only Dividends 2014/15 Cents Per Share Paid / Declared 1st Interim Dividend 2 cents 17/11/2014 (paid) 2nd Interim Dividend 2 cents 16/02/2015 (paid) 3rd Interim Dividend 2 cents 15/05/2015 (declared) 8
Slide 9: Recent Acquisitions/Investments
Recent Acquisitions/Investments Date Business Activity For personal use only July 2014 Financial Momentum Financial planning firm in regional Victoria. 40% interest acquired by Total Financial Solutions. Sep 2014 JDAA Accounting Accounting firm based in Canberra, merged with Member Firm, Beames and
Slide 10: Recent Acquisitions/Investments
Recent Acquisitions/Investments Date Business Activity For personal use only Jan 2015 Harmon Partners Accounting/Business Services and audit firm in East Melbourne merged with Member Firm, Kidmans Partners. Feb 2015 Super-IP (Class Acquiring a further 1% interest which will make Super) CUP the large
Slide 11: Class Super
For personal use only Class Super 11
Slide 12: Direct Equity Plan
Direct Equity Plan Direct equity plan previously announced to principals and For personal use only employees; Opportunity to acquire equity directly in business; Countplus to retain controlling share; Designed to Promote retention of key employees Facilitate succession for Principals P
Slide 13: Major New Initiative Underway - BLUE789
Major New Initiative Underway - BLUE789 The new business that focuses on a shared equity ownership For personal use only approach. Building a network of successful accounting firms who strive to continue to grow and continually evolve their client services and business operations – with a common
Slide 14: The Countplus Network
The Countplus Network For personal use only 14
Slide 15: Half Year Results
For personal use only Half Year Results 26 February 2015 Barry Lambert - Chairman Phil Aris- Managing Director & CEO