Wt Financial Group Ltd. · ASX:WTL
Wt Financial — Merger or Acquisition (March 2022)
18 slides from Wt Financial's merger presentation, Mar 14, 2022
Slide 1: Creating Australia's Largest Non-Institutionally-Owned Financial Advice Group
ASX: WTL CREATING AUSTRALIA’S LARGEST NON-INSTITUTIONALLY-OWNED FINANCIAL ADVICE GROUP ACQUISITION OF SYNCHRON Investor Presentation 14 March 2021 1
Slide 2: Important Information
IMPORTANT INFORMATION Issuer and Date Investment Risk This investor presentation (Presentation) has been prepared by WT Financial Group Limited (ACN 169 037 058) (WTL) and is An investment in WTL shares is subject to known and unknown risks, some of which are beyond the control of the Group. dated 1
Slide 3: Important Information
IMPORTANT INFORMATION Forward-looking statements and forecasts To the maximum extent permitted by law, WTL and its advisers, and each of their respective Beneficiaries: (i) exclude and This Presentation contains certain “forward-looking statements” that are based on management's beliefs, assumptions
Slide 4: Introduction to WTL
INTRODUCTION TO WTL Founded in 2010 and listed in 2015 with a direct to consumer (B2C) focus offering financial advice and related services Strong dividend history – circa $7M in More than 220 advisers across 190 dividend payments before industry disruption Services include: practices – up from 42 w
Slide 5: Creating Australia's Largest Financial Advice Group
CREATING AUSTRALIA’S LARGEST FINANCIAL ADVICE GROUP Through the acquisition of its industry peer Synchron Business Services Pty Ltd (Synchron), WT Financial Group Limited (ASX: WTL) will emerge as the largest non-institutional, non-product-producing financial adviser network in Australia – headed on
Slide 6: About Synchron
ABOUT SYNCHRON Established in 1998, the Melbourne-headquartered group is Australia's largest privately-owned financial adviser group. Risk management Asset allocation Aged care advice Synchron advisers specialise in: Financial Budgeting Investing Retirement planning planning The sale to WTL represen
Slide 7: Key Terms of the Acquisition
KEY TERMS OF THE ACQUISITION Summary of acquisition $ Funding method WTL has raised a total of $4.05M in cash and vendor shares at a 22% premium to its 30-day VWAP - underscoring To vendors at settlement – cash $2.46M placement @ $0.10 investor confidence in the acquisition and in WTL. To vendors at
Slide 8: Key Terms of the Acquisition
KEY TERMS OF THE ACQUISITION An innovative secured debt facility from Altor Capital has enabled WTL to minimise dilution to shareholders and maximise EPS accretion Circa $12.95M goodwill value booked on the acquisition Settlement date target of 16 March 2022 In addition to vendor shares, WTL has rai
Slide 9: A Complementary and Highly Accretive Acquisition
A COMPLEMENTARY AND HIGHLY ACCRETIVE ACQUISITION Following the acquisition, WTL’s B2B operations will encompass Wealth Today; Sentry Group; and Synchron - making it the largest non- institutionally owned advice group in Australia Each brand utilises a B2B business model, with advisers in networks op
Slide 10: FY2023 Preliminary Guidance
FY2023 PRELIMINARY The complementary nature of the acquisition will expand WTL’s offering to GUIDANCE advisers and enable significant cost synergies that will result in a highly- accretive outcome for shareholders. Gross revenue Gross profit PRELIMINARY FY2023 $170M+ $18M+ GUIDANCE* (assuming zero g
Slide 11: A Strategic and Synergistic Transaction
A STRATEGIC AND SYNERGISTIC TRANSACTION WTL’s management ranks will be further strengthened through the acquisition enhancing adviser support across all states and territories. Founders Don Trapnell and John Prossor will continue to work within the business whilst Synchron is integrated into WTL’s e
Slide 12: Old Big Being Replaced by New Industry Heavyweights
OLD BIG 6 BEING REPLACED BY NEW INDUSTRY HEAVYWEIGHTS Big Six down 61% Top Ten Non-Institutional up 62% Advisers Advisers Group Advisers 2018 Advisers 2022 Rank Group 2018 2022 - Synchron 460 - IOOF1 1,604 1,756 1 WT Financial Group (ASX: WTL)1 59 610 AMP 2,607 1,356 2 Diverger Limited (ASX: DVR)2 (
Slide 13: Demand for Advice Continues to Grow
DEMAND FOR ADVICE The financial advice industry has a bright future as demand continues to CONTINUES TO grow – WTL’s scale is enabling it to provide the critical supports advisers need and demand. GROW Australian Household Assets, 2020 $3.5 Trillion Residential property The largest inter-generationa
Slide 14: Board & Management Team
BOARD & MANAGEMENT TEAM Keith Cullen Guy Hedley Managing Director and CEO Non-Executive Chairman WTL founder and largest (non-institutional) WTL shareholder. 37yrs 15yrs as head of Macquarie Bank global private banking unit and experience as a corporate executive and entrepreneur across the BNP Priv
Slide 15: Board & Management Team
BOARD & MANAGEMENT TEAM David Newman Jack Standing Joint COO, MD of Sentry subsidiary Group Head of Advice, Responsible Manager Significant WTL shareholder and MD of Sentry subsidiary. 35yrs 9yrs with WTL in key B2B and B2C advice roles. Responsible for in financial services, specialising in strateg
Slide 16: Board & Management Team
BOARD & MANAGEMENT TEAM Don Trapnell Sarah Congdon Chairman of Synchron subsidiary State Manager, Victoria 50yrs in financial services, and an Honorary Lifetime Member of the 20yrs experience in financial services in roles including Australian and NZ institute of Insurance and Finance. Has been a in
Slide 17: Board & Management Team
BOARD & MANAGEMENT TEAM Ben Donohue Matt Wallis State Manager, Queensland State Manager, New South Wales Commenced in financial services in 2005. Experience across retail Following a successful cricket career established his own life insurance, retirement income and aged care, with the financial pla
Slide 18: Contact
CONTACT Keith Cullen WT Financial Group Limited Managing Director and CEO (02) 9248 0422 Jane Morgan Investor and Media Relations jm@janemorganmanagement.com.au 0405 555 618 18
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