Netwealth Group Ltd. · ASX:NWL
Netwealth — Shareholder Meeting (November 2022)
37 slides from Netwealth's shareholder meeting presentation, Nov 23, 2022
Slide 1: 2022 Annual General Meeting Addresses and Presentation
netwealth ASX Release - 23 November 2022 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Netwealth Group Ltd ABN 84 620 145 404 Level 6/180 Flinders Street . . Melbourne VIC 3000 2022 Annual General Meeting Addresses and Presentation Netwealth Group Li
Slide 2: For personal use only
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Slide 3: Chairman's address: FY22 results
We are happy to take any questions on the presentations when we consider the 2022 Annual Report. [Slide 7] Turning to my presentation, the 2022 financial year was another record year for Netwealth on many financial metrics. This was despite very challenging conditions in the second half due to the c
Slide 4: Chairman's address: office, ESG and leadership
This is empowering our team to maximise productivity, collaboration and innovation while supporting health and wellbeing. [Slide 12] Environmental, social and governance matters have again been an increasing focus of the Board with significant progress achieved. In July 2021, Netwealth Superannuatio
Slide 5: Managing Director's Address
netwealth Managing Director's Address [Slide 14] Thanks Tim and thank you to everyone here for joining us today in our wonderful new office. As you have heard from Tim, the last financial year was another successful one, which despite many well understood headwinds saw the business go from strength
Slide 6: Managing Director's address: platform updates
netwealth Further to this in the coming weeks we will be launching our new task and activity centre and release new upgrades for our managed account service. Through our partnership with Xeppo as well as our internal data team, we launched our new API and developer portal and a range of business int
Slide 7: Managing Director's address: summary
[Slide 18] In summary, our business is performing well, and we have delivered strong growth across all our key metrics in FY2022. We have a strong balance sheet which remains debt free, low capital expenditure and significant cash reserves. With the combination of strong correlation of our EBITDA an
Slide 8: Annual General Meeting
= FY Annual General Meeting 2 0 23 November 2022
Slide 9: Acknowledgement of Country
Acknowledgement of Country We acknowledge the traditional owners and custodians of the lands and waters that we work and live on. Our offices are on the traditional lands of the Wurundjeri people of the Kulin Nation in Melbourne, the Turrbal and Jagera peoples in Brisbane, the Gadigal people of the
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Slide 12: Items of formal business
Items of formal business Consideration of the FY2022 Annual Report . Adoption of the FY2022 Remuneration Report Re-election of Non-Executive Directors Mr. Davyd Lewis Re-election of Non-Executive Directors Ms. Sally Freeman as en Approval of the Managing Director's Long Term Incentive Award 5 AGMFY2
Slide 13: Chairman's Address
2022 Chairman's Address Mr. Tim Antonie
Slide 14: Net inflows and FUA
Net inflows and FUA FY22 Net Inflows of $13.0B +32.4% vs FY21 +27.3% 5 year CAGR 15 Billions 10 42 FY17 FY18 FY19 FY20 FY21 FY22 Total Net Inflows by Financial Year 7 AGMFY2022 23 November 2022 FY22 FUA at $55.7B +18.1% vs FY21 60 +34.3% 5 year CAGR a © 50 @ 40 30 20 127 10 | 1 | FY17 FY18 FY19 FY20
Slide 15: Group FY22 financial highlights
Group FY22 financial highlights FY22 Total income* $173.3M FY22 EBITDA* $85.1M FY22 NPAT* $55.9M 200 +19.6% vs FY21 +7.2% vs FY21 ea +3.3% vs FY21 sel 559 7 +23.1% 5 year CAGR 1733 100 +27.8% 5 year CAGR 2 +27.1% 5 year CAGR : : 2 85.1 £ : ie 1449 E 73.3 5 437 123.9 = 7 66.2 40 36.0 98.8 100 52.0 29
Slide 16: Total dividends & key awards
Total dividends & key awards FY22 Dividend Per Share (DPS) 20.0 cents (+7.8% vs FY21) 2007 Adviser Technology Needs Renorl Qverall Satisfaction: Adviser Ratings prorat Racts 25 WINNER [Cee [winner [epee a 2021 Platform Competitive SS ‘Analysis and Benchmarking @ Report a 15 Adviser = 5 Best Platform
Slide 17: Executive Team
Executive Team Netwealth Group Limited Matt Heine Managing Director Philip Coldwell General Manager, Product *Chief Risk Officer recently appointed, commencing early 2023 10 AGMFY2022 Michael Heine Founder/ Executive Director Amanda Atkinson General Manager, Service, Administration & Support 23 Nove
Slide 18: New Melbourne office
New Melbourne office New Flinders Street office officially open late 2021 Designed based on staff feedback Flexible spaces for collaboration with meeting rooms and casual areas Natural lighting and plants to catch up socially and unwind Low carbon footprint 11 AGMFY2022 23 November 2022
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Slide 20: Concluding comments
For personal use only Concluding comments * Congratulations to Matt Heine, Managing Director + Thank you * Board and our team at Netwealth * Shareholders + Clients 13 AGMFY2022 23 November 2022
Slide 21: Managing Director's Address
2022 Managing Director's Address Mr. Matt Heine
Slide 22: Our strategy is to deliver
a5 Specialist technology XY Market leading, home grown platform, agile and tailored to client needs Broad investment solutions . @ Asset class diversity, global specialists, investment vehicle options O u r strategy IS ; ; to deliver [t, Dedicated service team Award winning, nimble and highly respon
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Slide 24: Netwealth's whole of wealth platform
SMsr Netwealth’s whole of wealth platform Custodial + Non-custodial Term deposits Annuities Domestic Managed & unregistered (IM) wholesale funds Client data & international 17 AGMFY2022 bonds Private label and retail managed account models ASX listed and global Multiole currencies & FX Other platfor
Slide 25: Summary: Strong financial and market position
Summary: Strong financial and market position Strong balance sheet Exceptional correlation High level of recurring and SB 6]6 between EBITDA and Cash growing revenue 3 + low capital expenditure Flow * no debt * significant cash reserves Ongoing strategic Aleader in mass affluent, #1 Platform for tec
Slide 26: Formal Business
2022 Formal Business Mr Tim. Antonie 23 November 2022
Slide 27: Annual Financial Report and Directors' and Auditor's Reports
Item 1 Annual Financial Report and Directors’ and Auditor's Reports To consider Netwealth’s Annual Financial Report, Directors’ Report and the Independent Auditor's Reports for the financial year ended 30 June 2022. No resolution is required for this item of business. Any Questions? 20 AGMFY2022 23
Slide 28: Adoption of the Remuneration Report
Item 2 Adoption of the Remuneration Report To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That the Remuneration Report for the year ended 30 June 2022, which forms part of the Directors’ Report, be adopted.” 21 AGMFY2022 23 November 2022 | nw
Slide 29: Remuneration Report proxy votes received
Item 2 Adoption of the Remuneration Report Proxy Votes Received For Open Against Abstain 81,442,941 67,412 749,009 44,378 99.01% 0.08% 0.91% *Open votes totalling 24,195 (0.03%) in favour of the Chairman (whether by election or default) will be voted in favour of Item 2. 22 AGMFY2022 23 November 202
Slide 30: Re-election of Mr Davyd Lewis
Item 3 Re-election of Independent Non-Executive Director, Mr Davyd Lewis To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr. Davyd Lewis be re-elected as a director of Netwealth.” 23 AGMFY2022 23 November 2022
Slide 31: Davyd Lewis proxy votes received
Item 3 Re-election of Independent Non-Executive Director, Mr Davyd Lewis Proxy Votes Received For Open Against Abstain 197,810,639 67,562 8,636,209 3,889 95.79% 0.03% 4.18% *Open votes totalling 24,245 (0.01%) in favour of the Chairman (whether by election or default) will be voted in favour of Item
Slide 32: Re-election of Ms Sally Freeman
Item 4 Re-election of Independent Non-Executive Director, Ms Sally Freeman To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Sally Freeman be re-elected as a director of Netwealth.” 25 AGMFY2022 23 November 2022
Slide 33: Sally Freeman proxy votes received
Item 4 Re-election of Independent Non-Executive Director, Ms Sally Freeman Proxy Votes Received For Open Against Abstain 205,983,502 67,562 463,486 3,749 99.74% 0.03% 0.22% *Open votes totalling 24,245 (0.03%) in favour of the Chairman (whether by election or default) will be voted in favour of Item
Slide 34: Approval of the Managing Director's Long Term Incentive Award
Item 5 Approval of the Managing Director's Long Term Incentive Award To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14, approval is given to grant 30,257 Performance Rights to Mr. Matt Heine, on the terms set
Slide 35: Long Term Incentive Award proxy votes received
Item 5 Approval of the Managing Director's Long Term Incentive Award Proxy Votes Received For Open Against Abstain 72,992,421 67,462 9,197,129 46,728 88.74% 0.08% 11.18% *Open votes totalling 24,245 (0.03%) in favour of the Chairman (whether by election or default) will be voted in favour of Item 5.
Slide 36: Important notice and disclaimer
Important notice and disclaimer General Information only Information provided is general information presented in a summary format as at 23 November 2022, and is therefore not necessarily complete. This presentation is for informational purposes only and is not to be relied upon as advice to investo
Slide 37: For personal use only
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Netwealth Group — Shareholder Meeting (November 2022) on 6ix