Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (May 2012)
26 slides from Bell Financial's shareholder meeting presentation, May 2, 2012
Slide 1: 2012 Annual General Meeting
ASX RELEASE. For personal use only 2 May 2012 2012 Annual General Meeting Please find attached the presentation materials that will be addressed by the Chairman and Managing Director of Bell Financial Group Ltd at the Annual General Meeting today. Paul Vine Company Secretary
Slide 2: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING 2 May 2012
Slide 3: Annual General Meeting - Colin Bell
For personal use only ANNUAL GENERAL MEETING Colin Bell
Slide 4: Annual General Meeting - Alastair Provan
For personal use only ANNUAL GENERAL MEETING Alastair Provan
Slide 5: Business Highlights
For personal use only BUSINESS HIGHLIGHTS Traded profitably throughout the year Margin lending and cash business performed solidly Bell Direct Successful integration of Southern Cross Equities into Bell Potter Key internal appointments and recruitment of new advisers in our Futures and For
Slide 6: Results Summary FY2011
For personal use only RESULTS SUMMARY FY2011 GROUP December 2011 December 2010 Change % Revenue $155.5m $200.2 m -22% Net Profit After Tax $7.6m $21.6 m -65% Overheads $65.4m $69.6 m -6% Total Full Year Dividend 3 cents per share ANNUAL GENERAL MEETING Page 5
Slide 7: Equities Execution Revenue
For personal use only EQUITIES EXECUTION REVENUE Revenue $91.5 million, down 18% on previous period Second half volumes impacted by general lack of investor confidence ANNUAL GENERAL MEETING Page 6
Slide 8: Equity Capital Markets
For personal use only EQUITY CAPITAL MARKETS Revenue Full year $26.9 million, down 29% on previous period Solid first half, with this market segment all but closed in the second half ANNUAL GENERAL MEETING Page 7
Slide 9: Margin Lending
For personal use only MARGIN LENDING Revenue Net Revenue grew 7% to $5.9m over the 2011 financial year ANNUAL GENERAL MEETING Page 8
Slide 10: Funds Under Management / Advice
For personal use only FUNDS UNDER MANAGEMENT / ADVICE Funds Under Management (FUM): $3bn Internal and external managed products and investment services Cash, Margin Lending, PAS, SMSFs Funds Under Advice (FUA): $18.8bn FUM + Sponsored Holdings Impacted by decline in Australian market ind
Slide 11: Current Year
For personal use only CURRENT YEAR Challenging start to the year First quarter revenue was $33.5m, $13m down on the pcp The Group recorded a small $200k pre-tax (unaudited) loss for the quarter ANNUAL GENERAL MEETING Page 10
Slide 12: Business Priorities
For personal use only BUSINESS PRIORITIES Our clients Our staff Revenue growth and business growth opportunities Managing costs Shareholders ANNUAL GENERAL MEETING Page 11
Slide 13: Ordinary Business
For personal use only ANNUAL GENERAL MEETING Ordinary Business BFG reports for year ended 31 December 2011
Slide 14: Resolution: Election of Directors
For personal use only ANNUAL GENERAL MEETING Resolution 1 Election of Directors
Slide 15: Election of Directors - Mr Brian Wilson
For personal use only RESOLUTION 1 ELECTION OF DIRECTORS Mr Brian Wilson ANNUAL GENERAL MEETING Page 14
Slide 16: Election of Directors - Voting Results
For personal use only RESOLUTION 1 ELECTION OF DIRECTORS Mr Brian Wilson FOR: 139,852,779 AGAINST: 56,167 OPEN: 1,056,622 Open in favour of the Chairman: 1,038,422 ANNUAL GENERAL MEETING Page 15
Slide 17: Adoption of the Remuneration Report
For personal use only ANNUAL GENERAL MEETING Resolution 2 Adoption of the Remuneration Report
Slide 18: Remuneration Report - Voting Results
For personal use only RESOLUTION 2 REMUNERATION REPORT Adoption of Remuneration Report FOR: 137,993,338 AGAINST: 389,457 OPEN: 18,200 ANNUAL GENERAL MEETING Page 17
Slide 19: Annual General Meeting - Charlie Aitken
For personal use only ANNUAL GENERAL MEETING Charlie Aitken
Slide 20: Bell Financial Group
For personal use only BELL FINANCIAL GROUP www.bellfg.com.au ACN 083 194 763
Slide 21: BFG Chairman's Report - AGM, May 2012
BFG CHAIRMAN’S REPORT – AGM, 2 MAY 2012 For personal use only Last year was one of the toughest periods ever experienced by investors. Severe economic conditions undermined investor sentiment and many reallocated their investments away from risk assets and into cash and term deposits. Daily transact
Slide 22: For personal use only
Much, of course, will depend on the health of the national and global economy. For personal use only There have been some encouraging signs. The US economy shows signs of continuing its recovery; China is maintaining its strong growth; and a big effort is being made to deal with the pressures faced
Slide 23: Managing Director's Review of Operations - AGM May 2012
MANAGING DIRECTOR’S REVIEW OF OPERATIONS – AGM 2 MAY 2012 [Slide 3] For personal use only Thank you Colin Good morning Ladies and Gentlemen. As Colin noted, 2011 proved to be an extremely challenging year and this was particularly noticeable in the second half. Weak economic conditions in the UK and
Slide 24: For personal use only
- We have added a number of new advisers to our futures and foreign exchange broking teams who we expect will make significant contributions - Our balance sheet remains solid with $54m in Net Tangible Assets at 31 December and For personal use only no operating debt other than in the Margin Lending
Slide 25: For personal use only
[Slide 7] EQUITY CAPITAL MARKETS (ECM) ECM revenue was $26.9m, down 29% on the prior year. For personal use only And while first half ECM activity was solid at around $20m, this segment of the market was all but closed in the back half of 2011. [Slide 8] MARGIN LENDING and CASH REVENUE Bell Potter C
Slide 26: For personal use only
Revenue for the quarter was $33.5m, $13m lower than the previous corresponding period in 2011 and the Group recorded a small $200k pre-tax (unaudited) loss for the quarter. Despite current markets and trading conditions being perhaps the most difficult and challenging For personal use only in recent
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