Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (May 2014)
26 slides from Bell Financial's shareholder meeting presentation, May 1, 2014
Slide 1: 2014 Annual General Meeting
ASX RELEASE. 1 May 2014 2014 Annual General Meeting Please find attached the presentation materials that will be addressed by the Executive Chairman and the Managing Director at Bell Financial Group Limited’s Annual General Meeting today in Melbourne. Cindy-Jane Lee General Counsel and Company Secre
Slide 2: Annual General Meeting
ANNUAL GENERAL MEETING 1 May 2014
Slide 3: Annual General Meeting - Colin Bell
ANNUAL GENERAL MEETING Colin Bell
Slide 4: Annual General Meeting - Alastair Provan
ANNUAL GENERAL MEETING Alastair Provan
Slide 5: 2013 Highlights
2013 HIGHLIGHTS All underlying businesses traded profitably Top line revenues grew 17% y.o.y Solid growth in the Margin Lending book Continued growth in Bell Direct, our online broking business (31% increase in revenue) Like for like overheads $5m down y.o.y Balance Sheet remains solid with $47m NTA
Slide 6: Results Summary FY 2013
RESULTS SUMMARY FY 2013 2013 2012 % change Brokerage Revenue $101.3 $86.6 17% Equity Capital Markets Revenue $24.1 $18.2 32% Margin Lending Revenue $12.4 $13.4 -7% Recurring Fee Revenue $15.7 $13.7 15% (P.A.S & Trail Commissions) Other $5.6 $4.6 22% Total Revenue $159.1 $136.5 17% Profit / (Loss) af
Slide 7: Current Year
CURRENT YEAR A challenging start to the year First quarter revenue was $33m, down 18% on the p.c.p The Group recorded a $235k pre-tax (unaudited) profit for the 1st quarter ANNUAL GENERAL MEETING Page 6
Slide 8: Business Priorities
BUSINESS PRIORITIES Revenue Growth Adding to our traditional Broking and Capital Markets business when the right opportunities present Developing and building our complimentary internal businesses - P.A.S ($2b F.U.M, 1,800 clients, $10m revenue) - Bell Potter Capital ($335m F.U.M, $12m revenue) - Be
Slide 9: Ordinary Business
ANNUAL GENERAL MEETING Ordinary Business BFG reports for year ended 31 December 2013
Slide 10: Resolution: Election of Directors
ANNUAL GENERAL MEETING Resolution 1 Election of Directors
Slide 11: Election of Directors - Mr Colin Bell
RESOLUTION 1(a) ELECTION OF DIRECTORS Mr Colin Bell ANNUAL GENERAL MEETING Page 10
Slide 12: Election of Directors - Mr Colin Bell
RESOLUTION 1(a) ELECTION OF DIRECTORS Mr Colin Bell FOR: 182,660,074 AGAINST: 104,170 OPEN: 2,118,468 Open in favour of the Chairman: 2,095,768 ANNUAL GENERAL MEETING Page 11
Slide 13: Election of Directors - Mr Craig Coleman
RESOLUTION 1(b) ELECTION OF DIRECTORS Mr Craig Coleman ANNUAL GENERAL MEETING Page 12
Slide 14: Election of Directors - Mr Craig Coleman
RESOLUTION 1(b) ELECTION OF DIRECTORS Mr Craig Coleman FOR: 165,252,241 AGAINST: 17,512,003 OPEN: 2,118,468 Open in favour of the Chairman: 2,095,768 ANNUAL GENERAL MEETING Page 13
Slide 15: Election of Directors - Mr Charlie Aitken
RESOLUTION 1(c) ELECTION OF DIRECTORS Mr Charlie Aitken ANNUAL GENERAL MEETING Page 14
Slide 16: Election of Directors - Mr Charlie Aitken
RESOLUTION 1(c) ELECTION OF DIRECTORS Mr Charlie Aitken FOR: 182,405,951 AGAINST: 333,293 OPEN: 2,118,468 Open in favour of the Chairman: 2,095,768 ANNUAL GENERAL MEETING Page 15
Slide 17: Resolution: Adoption of the Remuneration Report
ANNUAL GENERAL MEETING Resolution 2 Adoption of the Remuneration Report
Slide 18: Adoption of the Remuneration Report
RESOLUTION 2 REMUNERATION REPORT Adoption of the Remuneration Report FOR: 160,977,755 AGAINST: 17,411,221 OPEN: 958,768 ANNUAL GENERAL MEETING Page 17
Slide 19: Annual General Meeting - Charlie Aitken
ANNUAL GENERAL MEETING Charlie Aitken
Slide 20: Bell Financial Group Limited
BELL FINANCIAL GROUP LIMITED www.bellfg.com.au ACN 083 194 763
Slide 21: 2014 AGM Executive Chairman's address
2014 AGM Executive Chairman’s address I can report that we are in a good position to continue to grow earnings across our operating divisions and that we continue to have a robust balance sheet. We are profitable and well prepared to capitalize on improving market conditions which have been challeng
Slide 22: We will continue to look for ways to grow our business
So, in short, we will continue to look for ways to grow our business while preserving the strength of our balance sheet, and we will continue to look for ways to improve our range of services while ensuring we continue to be a fully compliant market participant. We have a unique and powerful offerin
Slide 23: 2014 AGM Managing Director's address
2014 AGM Managing Director’s address Thank you Colin. Good morning ladies and gentlemen. I am pleased to announce the Group recorded a full year after-tax profit of $6.8 million for the Financial Year 2013. A significant improvement on the $3.2 million loss in the previous corresponding period. Over
Slide 24: Brokerage revenue and business unit results
SLIDE 5 • Brokerage revenue increased by 17% to $101.3 million, 13% on a like for like basis. • Retail revenues grew on average by 12%. • Wholesale revenues grew by 34%. Our Sydney Institutional desk has developed a market-leading reputation in the small/mid cap Australian equities space, supported
Slide 25: Business Priorities: Revenue Growth
SLIDE 7 Business Priorities • Revenue Growth I think our traditional Broking and Capital Markets businesses are fairly well understood. They are simple, transparent and depend very much on the quality of our people, our client relationships, our systems and our scale. We are constantly looking for o
Slide 26: FUSION and Costs
FUSION is a compliance and administrative tool. It is also a system aggregator, a data consolidator and a CRM business development tool which sits on each adviser’s desktop and we believe provides a significant competitive advantage. The system is the first of its kind in the market and with further
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