Prime Financial Group Limited · ASX:PFG
Prime Financial — H1 2010 Earnings Presentation
10 slides from Prime Financial's earnings presentation, Feb 19, 2010
Slide 1: Half-Year Results Presentation 2010
Half- Half-Year Results Presentation 2010 19 February 2010 National Financial Services & Advisory Group
Slide 2: Summary - Overview
Summary Overview National Financial Services & Advisory Group Financial Planning (FP), Self Managed Super (SMS) & Accounting Services (AS) - FP & SMS contribute 60 – 80% + (Currently 81%) - AS contributes 20 - 40% (Currently 19%) Financial Planning & Self Managed Super FP Funds Under Management (FUM
Slide 3: Summary - Financial
Summary Financial 1H10 NPAT up 56% to $1.86M compared to normalised 1H09 1H10 EBIT up 44% to $2.70M compared to normalised 1H09 Interim dividend of 0.75cps (64% payout ratio) Maintain guidance to grow normalised EBIT for FY10 by 25% + to $5.3M + 1H10 operating margin of 43% compared to 33% in 1H09 F
Slide 4: Structure Chart
Structure Chart PRIME FINANCIAL GROUP LTD Financial Planning/ Accounting SMSF Services Services 100% equity 100% equity $1.085B Retail Financial Planning Wholesale Financial Planning Total CARROLL, PIKE & PIERCY PTY LTD PRIMESTOCK SECURITIES LTD FUM AFS Licence AFS Licence Direct to market retail 50
Slide 5: Financial Information
Financial Information Financials (2007, 2008, 2009, 1H09 & 1H10) % 2007 2008 2009 1H09 1H10 Change Earnings before interest & tax (EBIT) ($M)** 6.53 7.41 4.24 1.88 2.70 + 44% Net profit after tax ($M)** 5.12 6.14 2.74 1.19 1.86 + 56% Dividend paid & proposed ($M) 3.11 3.80 0 0 1.22 N/A Basic earning
Slide 6: Profit & Loss
Summary Profit & Loss 1H09 1H10 % Change Financial Planning – New 1.60 1.74 + 9% Business Revenue Financial Planning – Recurring 3.40 3.65 + 7% Income Total Financial Planning Revenue 5.00 5.39 + 8% Accounting Services 1.50 1.27 - 15% Gross Financial Planning & 6.50 6.66 + 2% Accounting Services Rev
Slide 7: Balance Sheet
Summary Balance Sheet 31/12/2009 30/06/2009 Current Assets Cash 1.6 3.2 Other current assets 4.7 4.6 Non Current Assets Receivables 1.8 1.9 Plant & Equipment 0.7 0.6 Investments 68.2 68.3 Total Assets 77.0 78.6 Current Liabilities Payables/Provisions 2.1 1.9 Borrowings 0.0 9.1 Non Current Liabilitie
Slide 8: FY2010 Targets & Longer Term
FY2010 Targets & Longer Term FY2010 Grow Normalised EBIT by 25% + over FY09 to $5.3M + - On target, 1H10 = $2.70M Increase Operating Margin from 36% (FY09) to 43% (FY10) - On target @ 43% Build New Financial Planning FUM by $80.0M - $100.0M + for year - On target Maintain Gross FP FUM Margin at 1.00
Slide 9: Strategy
Strategy Financial Planning (FP) & Self Managed Super (SMS) Build New Financial Planning FUM & New Clients - Promote ‘One Stop Shop’ offering for FP & SMS through Accounting Firms (Wholesale) - Source new offerings for prospective clients (Wholesale) - Integrate AS & SMS Investees further with FP Op
Slide 10: Contact
Contact Simon Madder Managing Director / CEO Prime Financial Group Ltd Level 17, Como Office Tower 644 Chapel Street South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 simonm@primefinancial.com.au
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