Cog Financial Services Limited · ASX:COG
Cog Financial Services — Shareholder Meeting (November 2018)
9 slides from Cog Financial Services's shareholder meeting presentation, Nov 16, 2018
Slide 1: Annual General Meeting Managing Director Presentation
For personal use only ANNUAL GENERAL MEETING MANAGING DIRECTOR PRESENTATION 16 NOVEMBER 2018
Slide 2: Strategic Objective
STRATEGIC OBJECTIVE Page 2 For personal use only Building a leading position in the Australian business equipment and asset finance industry Grow origination of company owned products and shareholder returns Value Expand in-house leasing Leveraging company’s products capability and broker distributi
Slide 3: COG – The Trusted Finance Advisor to SMEs
COG – THE TRUSTED FINANCE ADVISOR TO SMEs Page 3 For personal use only Dominant trusted finance Broker Synergies advisor to Australian SMEs Finance Product ₋ IT 14% of intermediated ₋ Prime equipment ₋ Compliance ₋ Prime auto ₋ Back office support business ₋ Non-prime equipment Asset Finance - Distr
Slide 4: Growing Size of Broker Originated Net Asset Finance
GROWING SIZE OF BROKER ORIGINATED NET ASSET FINANCE Page 4 For personal use only Acquisitions completed post 30 June 2018 Commentary Consideration $28.2m Consolidated Finance Group Growing portfolio of investment in finance brokers Increased investment from 80% to100% and asset finance aggregators 1
Slide 5: Compliance Environment – On Balance Positive
COMPLIANCE ENVIRONMENT – ON BALANCE POSITIVE Page 5 For personal use only • Royal Commission: no open findings for changes to SME lending • ASIC: not focused on prime SME bank lending • Strengthened compliance required: = additional time Operational risk may come from Banks and Finance Companies str
Slide 6: Strengthened Team
STRENGTHENED TEAM Page 6 For personal use only Over the last year, we have strengthened our team, improving our depth and experience Andrew Bennett – Executive Patrick Tuttle – Independent NED Andrew trained as a Chartered Accountant at Patrick was Managing Director and Co-Group CEO of ASX- KPMG 25
Slide 7: Capital Management Approach
CAPITAL MANAGEMENT APPROACH Page 7 For personal use only COG have invested surplus funds. The un-restricted cash balance of $5.7m is the minimum required to operate the business. For example, the exercise of options in August 2019 for the acquisition of equity brokers will consume around $3.5m. The
Slide 8: Market Guidance
MARKET GUIDANCE Page 8 For personal use only The Board reaffirms the market guidance provided in August 2018. The Commercial Equipment Leasing business continues to grow strongly.
Slide 9: Questions
For personal use only QUESTIONS COG ANNUAL GENERAL MEETING 16 NOVEMBER 2018
Cog Financial Services — Shareholder Meeting (November 2018) on 6ix