Cog Financial Services Limited · ASX:COG
Cog Financial Services — Consolidated Operations Group — Shareholder Meeting (November 2017)
11 slides from Cog Financial Services's shareholder meeting presentation, Nov 17, 2017
Slide 1: Annual General Meeting November 2017
For personal use only Annual General Meeting November 2017 Cameron McCullagh, MD Raylee Carruthers, COO
Slide 2: Consolidated Group Structure
Consolidated Group Structure For personal use only Consolidated Operations Group Limited (ASX – COG) Platform Consolidated QLD Pacific Linx Finance Hal Group Pty Consolidated Finance Group Pty Finance Group Pty Australia Pty Limited Group Pty Limited Limited Limited Limited 100% owned 62% owned 80%
Slide 3: Continued Solid Growth in TL Rentals
Continued Solid Growth in TL Rentals For personal use only Solid growth in lease origination $m of Leases Written ˃ On track to achieve forecast origination 60 55.0 ˃ YTD 31 Oct 17 = $15.3m ($11.1m for prior YTD) 50 ˃ A niche finance provider on small to mid sized 42.5 transactions which require fas
Slide 4: Group Financial Performance: Value Creation on Lease Origination
Group Financial Indicative Performance Value Creation on Lease Origination For personal use only The Business Model has remained consistent 2018 Forecast with the growth in volume $m Lease Volume at Original Equipment Cost (OEC) 55 Upfront net income (if not Self Funded) 4.25% 2.34 End of term earni
Slide 5: Asset Finance Broking
Group Asset Financial Finance Performance Broking For personal use only The Asset Finance industry is $45 billion p.a. of Net Asset Finance (NAF), of which approx. 67% is intermediated. The 2017 focus has been on creating a base to deliver growth. The positive contributions in the current financial
Slide 6: Excess Assets
Excess Assets For personal use only Self‐Funded leases 31 October 2017 $7m Cash balances* 31 October 2017 $29m Total $36m ˃ TL Rentals has 5 external funding sources of leases ˃ Self‐Funded leases are convertible to cash ˃ We expect another new ongoing funder commencing the calendar year ˃ Strong po
Slide 7: Acquisition Growth
Group Financial Acquisition GrowthPerformance For personal use only Broker Acquisition Growth: ˃ Partial acquisition and discussions are underway with more than six asset finance brokers ˃ As the majority do not have a Terms Sheet, it is difficult to determine whether they will proceed Complementary
Slide 8: Aggregation Membership offering
Aggregation Membership offering For personal use only Best pipeline for new members in CFG’s history, in recognition of: ˃ Best commission and Volume Based Incentives ˃ With scale this has improved relative to the market. ˃ Workflow and CRM software ˃ Compliance ˃ Conferences ˃ Succession planning ˃
Slide 9: Business Strategy
Business Strategy For personal use only Clear strategy to grow Revenue Synergies ˃ Organic growth in Commercial Equipment Leasing Volume bonus incentives Lead generation ˃ Organic and Acquisition growth in asset finance broking Car purchasing Mortgage broking ˃ Organic growth in membership Insurance
Slide 10: FY Dividend & Share Buyback
FY 18 Dividend & Share Buyback For personal use only ˃ The Directors have deferred the consideration of dividends and share buyback ˃ The dividend policy being considered was a payout of up to 60% of NPAT commencing May 2018 with a discounted dividend reinvestment plan (DRP) ˃ The Directors are conf
Slide 11: Disclaimer
Disclaimer For personal use only Consolidated Operations Group Limited (Consolidated Operations Group or Company) has not considered the financial position or needs of the recipient in providing this presentation (Presentation). Persons needing advice should consult their stockbroker, bank manager,
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