Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Shareholder Meeting (November 2019)
20 slides from Euroz Hartleys's shareholder meeting presentation, Nov 22, 2019
Slide 1: AGM Presentation
AGM PRESENTATION For personal use only November 2019
Slide 2: Company Snapshot
COMPANY SNAPSHOT Euroz is a growing and diversified financial services company For personal use only GROUP FUM MARKET CAPITALISATION $222m $1.70b $169m 1 1 FULLY FRANKED DIVIDENDS IN 19 YEARS CASH & INVESTMENTS $113.3m 1 39% STAFF OWNERSHIP A strong platform for future growth Note 1: As at 31 Octobe
Slide 3: Group Structure
GROUP STRUCTURE For personal use only Annual General Meeting – November 2019 3
Slide 4: Euroz Limited Ownership
EUROZ LIMITED OWNERSHIP For personal use only Increasingly diversified share register Ice Cold Investments 6% Institutions 18% Staff ownership of 39% Retail Improving liquidity 37% Performance Rights Plan = ongoing capital management Directors 27% Staff 12% Significant staff ownership = strong
Slide 5: Historical Share Price / NTA
HISTORICAL SHARE PRICE / NTA For personal use only Strong balance sheet underpins value Strong balance sheet/zero debt $3.00 Defensive in difficult markets Historical leverage in good markets $2.50 Western Australia economy and commodity prices generally improving but volatile $2.00 NTA (A$)
Slide 6: Audited Full Year Result for FY19
AUDITED FULL YEAR RESULT FOR FY19 For personal use only BREAK EVEN HEADLINE RESULT UNDERLYING CASH PROFIT FULL YEAR DIVIDEND 1 11 1 ~$-0.1m $9.5m 6.75cps GROUP FUM UP 8% EUROZ SECURITIES CASH & INVESTMENTS $211m EQUITY RAISINGS 1 1 1 $1.58b $469m $111m Note 1: Attributable to members Annual General
Slide 7: Historical Profitability
HISTORICAL PROFITABILITY For personal use only High correlation to resource markets XSR $50 7000 Small Resources - Index $41.9 $40 6000 $31.3 5000 $30 $26.3 $26.6 $26.6 NPAT 1(A$m) $22.2 4000 $20 $19.4 $16.8 3000 $11.8 $11.1 $9.2 $10.3 $10 $3.6 2000 $0 1000 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY
Slide 8: Dividend History
DIVIDEND HISTORY For personal use only Euroz has paid $222 million in fully franked dividends over 19 years A$m Annual Dividend Paid Cumulative Dividend paid 240 PAST: 220 Paid $222m dividends over 200 38 consecutive half year periods 180 High payout ratio 160 FUTURE: 140 Aim to increase the b
Slide 9: Stockbroking & Corporate Finance
STOCKBROKING & CORPORATE FINANCE For personal use only Euroz Securities - 19 year history of partnering and supporting clients through research, dealing and corporate finance services Quality equities research is the foundation of our business Research Highly rated research from our team of five
Slide 10: Major Corporate Finance Transactions
STOCKBROKING & CORPORATE FINANCE For personal use only Major corporate finance transactions Annual General Meeting – November 2019 10
Slide 11: Wealth Management
WEALTH MANAGEMENT For personal use only Entrust Wealth Management - 16 year track record Combines its deep knowledge of managed discretionary advice, financial planning and portfolio management with its portfolio administration service to create a comprehensive wealth management solution for each
Slide 12: Funds Management – Westoz
FUNDS MANAGEMENT For personal use only Westoz Funds Management – “Finding the Best in the West” Westoz Funds Management (WFM) was established in 2005 and is a 100% owned subsidiary of Euroz Limited WFM manages portfolios of Australian equities on behalf of two listed investment companies, Westoz
Slide 13: Funds Management – Prodigy Investment Partners
FUNDS MANAGEMENT For personal use only Prodigy Investment Partners – boutique funds management joint venture Prodigy Investment Partners (Prodigy) is an 80% owned joint venture between Euroz Limited and Steve Tucker Flinders Investment Partners (Flinders) was launched in July 2015, Dalton Street
Slide 14: Euroz Balance Sheet as at October 2019
EUROZ BALANCE SHEET AS AT 31 OCTOBER 2019 For personal use only Robust balance sheet Strong balance sheet/zero debt Market Valuation: $43m – $56m enterprise value Cost Market Look through value1 Westoz $39.0m $37.7m $43.0m Ozgrowth $27.8m $24.0m $31.3m Flinders / Dalton / Equus Investments $11.3
Slide 15: Funds Under Management
FUNDS UNDER MANAGEMENT For personal use only Strong organic FUM growth from a diverse range of businesses $1,750 Funds Management WIC ($167m) $1,500 $348m OZG ($77m) $1,250 Euroz Securities Equus ($4m) $374m $1,000 Flinders ($35m) A$m Dalton Street ($65m) $750 Euroz ($374m) $500 Entrust Wealth Manag
Slide 16: Trading Update as at October 2019
TRADING UPDATE AS AT 31 OCTOBER 2019 For personal use only Euroz Group Summary Solid start to the first four months of FY2020 with headline profitability attributable to members of $6.8 million Underlying unaudited “cash” profit of $3.75m after tax and $3.05m “non-cash” after tax gain on mark to
Slide 17: Trading Update (Cont'd)
TRADING UPDATE (CONT’D) For personal use only Prodigy Investment Partners Sales team making good progress into retail platform market Continue to build to good relationships with consultants and platforms Flinders Investment Partners Excellent continued investment performance (gross investment
Slide 18: Summary
SUMMARY For personal use only Euroz is a growing and diversified financial services company Solid full year result Established track record provides and dividend solid platform for growth A robust balance sheet Diversification strategy continues Annual General Meeting – November 2019 18
Slide 19: Disclaimer & Disclosure
DISCLAIMER & DISCLOSURE For personal use only Euroz Limited (EZL) and its related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made
Slide 20: Thank You
For personal use only THANK YOU Euroz Limited Level 18 Alluvion 58 Mounts Bay Rd Perth Western Australia 6000 euroz.com