Bell Financial Group Limited · ASX:BFG
Bell Financial — FY2024 Earnings Presentation
21 slides from Bell Financial's earnings presentation, Feb 18, 2025
Slide 1: 2024 Full Year Results
2024 Full Year Results Bell Financial Group Ltd (ASX:BFG) A diversified financial services and wealth management business, with strong growth potential driven by an ongoing focus on people, technology and products. 18 February 2025
Slide 2: Contents
Contents 1 FY2024 at a Glance 3 2 Strategy: Positioned for Growth 5 3 FY2024 Group Results 8 4 FY2024 Performance by Business 12 5 Bell Financial Group 17 2
Slide 3: FY2024 at a Glance
BELL FINANCIAL GROUP
Slide 4: FY2024 at a Glance
FY2024 at a Glance Revenue Profit After Tax Solid results in improved market conditions • Following two consecutive years of challenging conditions, 2024 marked a change $276.4m $30.7m with improving market sentiment and a return in investor confidence. 11.9% increase on 2023 26.4% increase on 2023
Slide 5: Strategy: Positioned for Growth
2 Strategy: Positioned for Growth
Slide 6: Unlocking growth potential by focusing on people, technology and products
Unlocking growth potential by focusing on people, technology and products People • Evaluating opportunities to grow our team through both internal and external channels. • Developing our next generation of Advisers and Managers. • Building on relationships across our broad client base, that includes
Slide 7: Building recurring revenues
Building recurring revenues Our investment in Technology & Platforms and Products & Services creates the foundations for ongoing growth • Our Technology & Platforms and Products & Services businesses have delivered record revenue and earnings for more than 10 consecutive years. • Their combined cont
Slide 8: FY2024 Group Results
3 FY2024 Group Results BELL FINANCIAL GROUP
Slide 9: Solid results in improved market conditions
Solid results in improved market conditions Solid earnings underpinned by recurring revenues • 2024 revenue grew 9.8% on 2023 with contributions from all three business divisions: Retail and Institutional Broking, Products & Services, and Technology & Platforms. • Profit after tax was up 26.4% demon
Slide 10: Strong balance sheet with no core debt
Strong balance sheet with no core debt The Group is in a strong financial position. We have a solid $130 million cash-backed balance sheet. Calculations are based on the BFG share price as at 31 December 2023: $1.35. Balance Sheet $M Market capitalisation $430m 1. Based on 12 month EBITDA to 31 Dece
Slide 11: Funds under Advice continue to grow
Funds under Advice continue to grow Funds under Advice, including Portfolio Administration Services (PAS), superannuation assets, sponsored holdings and the Bell Potter Capital margin loan book, all hit record highs in 2024. 11
Slide 12: FY2024 Performance by Business
4 FY2024 Performance by Business
Slide 13: Our Business Divisions
Our Business Divisions Bell Potter Securities Ltd Bell Potter Capital Ltd Third Party Platform Pty Ltd Broking – Retail & Institutional Products & Services Technology & Platforms > Retail and Institutional Equities > Bell Client Funds at Call > Retail Online Broking > International Equities > Margin
Slide 14: Broking – Retail & Institutional
Broking – Retail & Institutional Leveraged to markets • Our Institutional, Retail, and FX desks benefited from improved market sentiment and a return in investor confidence. They generated $102.4 million in revenue, a 7.8% increase on 2023. • The Equity Capital Markets division had another excellent
Slide 15: Products & Services
Products & Services Leveraged to distribution Products & Services revenue and earnings have grown consistently over an extended period. • $47.3 million in revenue (6.1% increase on 2023). • $13.3 million profit after tax (10.8% increase on 2023). • $588 million loan book (7.9% increase on 2023). • $
Slide 16: Technology & Platforms
Technology & Platforms Leveraged to scale Our Technology & Platforms business continues to deliver consistent growth in revenue, profit and sponsored holdings. We expect growth in this business will continue. • $38.5 million in revenue (9.7% increase on 2023 revenues). • $8.2 million profit after ta
Slide 17: Bell Financial Group
ce Bell Financial Group BELL FINANCIAL GROUP
Slide 18: Highly experienced management team and Board
Highly experienced management team and Board • We have a professional board with a deep industry understanding and decades of experience. • A deliberately flat management structure that is experienced, stable and has a significant shareholding in the business. Bell Financial Group Board Brian Wilson
Slide 19: A diversified financial services business
A diversified financial services business An Australian-owned business with global reach and a history of growth and innovation. 11 offices across Australia plus offices in London, New York, Hong Kong and Kuala Lumpur 2019 2023 Acquired two structured 2012 products – Equity Lever & New leadership Ho
Slide 20: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as
Slide 21: Bell Financial Group
BELL FINANCIAL GROUP