Teaminvest Private Group Ltd · ASX:TIP
Teaminvest Private — Australian Microcap Investment Conference 2024
29 slides from Teaminvest Private's conference presentation, Oct 29, 2024
Slide 1: Presentation for Australian Microcap Investment Conference
For personal use only Teaminvest Private Group Limited ASX: TIP Presentation for Australian Microcap Investment Conference 29 - 30 Oct 2024 TIP GROUP © Copyright 2024
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is issued by Teaminvest Private Group Limited (ACN 629 045 736) (TIP or the Group). The information contained in this document is of a general nature and is not intended to address the objectives, financial situation or needs of any particular indivi
Slide 3: Contents; Purpose, Mission and Vision
Contents For personal use only Purpose, company overview and strategy Noble purpose We compound knowledge and wealth FY24 review 1Q25 update Mission Q&A We use proprietary, research driven, insights to create better investors and better people Vision To build a portfolio of outstanding investments,
Slide 4: TIP is an ASX listed investment house
For personal use only TIP is an ASX listed investment house focused on compounding knowledge and wealth. TIP GROUP © Copyright 2024 4 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 5: Education & Advice, Passive Investments, Active Investments
Education & Passive Active Advice Investments Investments For personal use only • Includes our own (on balance sheet) investments and • Typically 10-20 assets • Comprises our investor education and advisory services our funds management operations • Clients include high net worth investors, companie
Slide 6: We have a proven track record of success
We have a proven track record of success For personal use only • Active investments • > 2.7x Money on Invested Capital (MOIC)1 • Passive investments • 11.22% compounded annual return on flagship CIF since Feb 2013 2 • Education & Advice • 16.27% pa Gross Return over 23 years. 3 1. As at 30 June 2024
Slide 7: Strategy
Strategy For personal use only Our strategy is to continue growing Look Through Revenue and Earnings by: • Active investments • Enhance our portfolio by driving efficiency and developing management to sustainably grow profits. • Passive investments • Compound our advantage through increasing funds u
Slide 8: FY24 review
For personal use only FY24 review TIP GROUP © Copyright 2024 8 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 9: Use of Cash – investing in profitable growth through FY24
Use of Cash ($m) – investing in profitable growth through FY24 0.4 6.0 (0.6) For personal use only (3.3) 7.9 (3.1) 6.4 (0.9) Opening Cash Balance Operating cashflow Sale of assets Replacement capex Growth Capex New Investments Dividends & Buy-back Ending Cash Balance Growth Capex ($m) New Investments
Slide 10: Revenue and EBITDA by business type
Revenue and EBITDA by business type Passive 3% Passive 4% For personal use only FY23 FY24 REVENUE $161.5m Active 97% $158.0m Active 96% Passive 4% Passive 11% FY23 FY24 EBITDA $15.7m $17.8m Active 96% Active 89% Revenue and EBITDA refer to Look through Revenue and EBITDA (pre-ab) TIP GROUP © Copyrig
Slide 11: Active Investments (89% of group EBITDA)
Active Investments (89% of group EBITDA) (As at 30 June 2024) > 2.7x Money on Invested Capital (MOIC) For personal use only Residential Group REVENUE EBITDA FY24 FY24 Engineering Technology Services Education Revenue and EBITDA refer to Look through Revenue and EBITDA (pre-ab) TIP GROUP © Copyright
Slide 12: Passive Investments (11% of group EBITDA)
Gain on liquid investments Passive Investments (11% of group EBITDA) Passive Revenue For personal use only • Passive investments comprise: Funds Management FY24 Advice • Operating companies (excl. Teaminvest) that provide financial services; • Liquid investments in third parties; • Illiquid investme
Slide 13: Look Through Performance
Look Through Performance Revenue pre-ab ($m) EBITDA pre-ab ($m) CAGR CAGR Pre-ab: 4% Pre-ab: 56% For personal use only 161.5 17.8 152.1 158.0 144.6 15.7 135.7 137.5 14.7 125.7 13.6 13.6 117.3 8.4 7.2 0.8 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Revenue total ($
Slide 14: 1Q25 update
For personal use only 1Q25 update TIP GROUP © Copyright 2024 14 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 15: 1Q25 update
1Q25 update LT Revenue ($m) 152.1 164.5 158.0 141.0 144.5 135.7 125.7 Group performance 117.3 • LT Revenue up 5% on pcp For personal use only • LT EBITDA up 17% on pcp Active Investments 41.2 • Revenue up 4% and EBITDA down 9% on pcp, primarily due to GLT ramp-up • GLT production on-track to exceed
Slide 16: Why own TIP?
For personal use only Why own TIP? TIP GROUP © Copyright 2024 16 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 17: Investment Highlights
Investment Highlights For personal use only 1. Clear purpose, mission and values 2. Focused and aligned board and management with significant skin in the game 3. Proven track record of success • 16.27% p.a. Gross Return over 23 years in Education & Advice • >2.7x MOIC in Active Investments • 11.22%
Slide 18: Valuation Metrics
Valuation Metrics Earnings and FY22 FY23 FY24 1Q25 share price have diverged since Market cap ($m) 49.5 42.1 34.7 35.1 For personal use only 8 May-19 IPO @ 18.0 Net debt / (cash) ($m) (5.8) (7.3) (6.0) (5.9) 17.1 $5.00 Enterprise value ($m) 43.7 34.7 28.7 29.2 15.8 7 16.0 EBITDA total* ($m) 9.0 13.0
Slide 19: Q&A
For personal use only Q&A TIP GROUP © Copyright 2024 19 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 20: Thank you
For personal use only Thank you Andrew Coleman CEO Head Office Ground Floor, Suite G.02 23 Ryde Road Pymble NSW 2073 TIP GROUP © Copyright 2024 20 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 21: Appendix
For personal use only Appendix TIP GROUP © Copyright 2024 21 An ASX-listed investment house focused on compounding knowledge and wealth
Slide 22: Board of Directors
Board of Directors Title Profile Shares Malcolm has experience in managing large organisations. He has held positions as a member of the Group Management board of Zurich Financial Services Malcolm Jones For personal use only in Switzerland, CEO of Zurich Financial Services Asia Pacific, CEO of Zuric
Slide 23: Board of Directors (cont'd)
Board of Directors (cont’d) Title Profile Shares Regan has worked as an executive director for over 45 years for both national and multi-national companies. His focus has been primarily on VOTING MEMBERS strategic business development, administration and back-office systems. His long experience in s
Slide 24: Leadership and Alignment
Leadership and For personal use only Alignment Andrew Coleman Dean Robinson Sanjee Narendran Greg Wang CEO CFO & COO Head of Funds Head of Alternative Alignment: Andrew is a co-founder of TIP Dean is responsible for Management and Investments overseeing the finance and and is responsible for the
Slide 25: Active Case Study
Active Case Study 1 For personal use only Complete solution in traffic management with 297,000+ pa hours worked; 300+ traffic controllers and 220+ vehicles*. Operates in QLD and NSW. • Initial stake acquired 2014. Wholly owned since 2018 • Successfully navigated multiple leadership transitions (Foun
Slide 26: Active Case
Active Case 2 For personal use only Australian leader in high volume trailer engineering. In FY24 engineered approx. 200 trailers. During FY24 doubled production capacity to maximum of 500 trailers per annum. • Initial stake acquired 2013. Wholly owned since 2018 • 21% of Active EBITDA* • MOIC 6.7x
Slide 27: Active Case
Active Case 3 For personal use only Colour Capital (33% owned) is a franchise management business. Until May 2024 operated three franchise brands: G.J. Gardner Homes (NSW, ACT and WA), Gold’s Gyms and Raw Energy Cafes. • Invested FY18 • MOIC 1.0x to 30th Sep 2024 • In October 2024 won a judgement of
Slide 28: Education Case Study
Education Case Study For personal use only Provider of investment education, and developer and owner of proprietary global stock filtering and valuation software. $1.6b* Funds under advice including aggregate top 20 shareholding in 27-ASX listed companies including DTL, AX1, NCK, CCP, NHF, CTD, CDA,
Slide 29: Passive Case Study
Passive Case Study 1 Conscious Investor Fund For personal use only Active Global Equities Fund. Established Feb 2013. Acquired 50% in 2022. • Utilises insights generated from Education & Advice • 28% of FY24 Passive Revenue* • 11.22% net compound return to investors since inception, representing a >
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