Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2009)
25 slides from Bell Financial's shareholder meeting presentation, Apr 22, 2009
Slide 1: Cover letter to ASX for AGM presentation
22 April 2009 ASX Limited Paul Vine For personal use only Company Announcements Office Company Secretary 20 Bridge Street Sydney NSW 2000 Phone: 03 9235 1961 Fax: 03 9235 1850 Dear Sir or Madam Bell Financial Group Ltd – Annual General Meeting Please find attached the presentation materials that wil
Slide 2: Annual General Meeting
Annual General Meeting For personal use only 22 April 2009 1
Slide 3: Annual General Meeting - Alastair Provan
For personal use only Annual General Meeting Alastair Provan 22 April 2009 2
Slide 4: Highlights
Highlights For personal use only ■ Strong balance sheet with no core broking business debt ■ Acquisition of Southern Cross Equities ■ Revenue Growth – Futures and Foreign Exchange – Bell Potter Capital ■ Bell Direct month-to-month revenue growth ■ Overhead management 3
Slide 5: Southern Cross Equities
Southern Cross Equities For personal use only ■ Acquisition completed 30 September 2008 ■ 6 months contribution to results 4
Slide 6: Results 2008: Revenue, NPBT and Overheads
Results 2008 Revenue, NPBT and Overheads For personal use only 300 60 ■ Revenue 250 50 – Down 29.9% to $175.7m 200 40 ■ Net Profit Before Tax 150 30 – Down 57.7% to $21.4m 100 20 ■ Expenses – Overheads down 4.6% to 50 10 $62.8m 0 0 2004 2005 2006 2007 2008 NPBT Overheads Revenue (A$m) 2004-2008 5
Slide 7: Equities
Equities For personal use only 160 Equities Revenue 140 (A$m) 2004-2008 120 100 $ millions 80 152.2 60 122.1 110.0 110.5 99.1 40 20 0 2004 2005 2006 2007 2008 Financial Year 6
Slide 8: Equity Capital Markets
Equity Capital Markets For personal use only 50 Equity Capital Markets 45 Revenue (A$m) 2004-2008 40 35 30 $ millions 25 47.0 20 37.9 15 25.3 22.4 10 5 8.8 0 2004 2005 2006 2007 2008 Financial Year 7
Slide 9: Funds Under Management / Advice
Funds Under Management / Advice For personal use only 30 26.7 ■ Funds Under Management 25 (FUM) 22.2 22.4 – Internal and external 20 managed products and 17.8 18.7 investment services 16.2 14.9 15 15.0 12.5 ■ Funds Under Advice (FUA) 10 13.2 – FUM + Sponsored Holdings 5 3.5 4.3 2.4 2.8 3.0 0 2004 20
Slide 10: Overheads / Balance Sheet
Overheads / Balance Sheet For personal use only Overheads $ millions Change* % Group Overheads 62.8^ - 4.6 Balance Sheet As at 31 December 2008 $ millions Net Tangible Assets 63 Cash or Cash Equivalents 52 Borrowings# Nil Dividends Cents per share Total Dividend for FY 2008 (fully franked) 5 (Equiva
Slide 11: The Current Year: YTD March 2009
The Current Year: YTD March 2009 For personal use only ■ Consolidated Group results1 profitable in 1st quarter – Small 1st quarter profit Cost saving initiatives implemented in the quarter – $5 million in savings annually – Represents approx.8% reduction in overheads 1 Note: based un-audited 3-month
Slide 12: Business Priorities
Business Priorities For personal use only ■ Revenue ■ Managing expenses ■ Opportunities for growth and acquisition 11
Slide 13: Annual General Meeting - Ordinary Business
For personal use only Annual General Meeting Ordinary Business 12
Slide 14: Resolution: Election and re-election of Directors
For personal use only Annual General Meeting Resolution 1 Election and re-election of Directors: Re-election of Brent Potts, Director 13
Slide 15: Re-election of Director - Mr Brent Potts
Resolution 1 For personal use only ■ Re-election of Director - Mr Brent Potts FOR: 172,440,546 AGAINST: 12,750 OPEN: 1,559,908 Open in favour of the Chairman: 1,523,671 14
Slide 16: Resolution: Adoption of the Remuneration Report
For personal use only Annual General Meeting Resolution 2 Adoption of the Remuneration Report 15
Slide 17: Adoption of Remuneration Report
Resolution 2 For personal use only ■ Adoption of Remuneration Report FOR: 172,089,898 AGAINST: 156,488 OPEN: 1,575,908 Open in favour of the Chairman: 1,539,671 16
Slide 18: Annual General Meeting
Annual General Meeting For personal use only 22 April 2009 17
Slide 19: Managing Director's Review of Operations
MANAGING DIRECTOR’S REVIEW OF OPERATIONS – AGM 22 APRIL 2009 [Slide 2] I thought I would start by commenting on the financial result for 2008 and For personal use only highlighting some key areas. I will also comment briefly on year-to-date 2009. Against the background of declining market volumes, l
Slide 20: Southern Cross Equities (speaking notes)
Ongoing proactive management of our cost structure across the Group remained a key focus. [Slide 4] For personal use only Southern Cross Equities The 100% acquisition of Southern Cross Equities Limited (SCE) was completed on 30 September 2008 and accordingly only three months consolidated earnings h
Slide 21: Results 2008 (speaking notes)
[Slide 5] Results 2008 Revenue Group revenue of $175.7 million for FY2008 was 29.9% down on the previous year. For personal use only Net Profit Before Tax Net profit before tax fell 57.7% to $21.4 million and net profit after tax was down 59.1% to $14.4 million on a pro-forma basis. Expenses Group o
Slide 22: Funds Under Management and Overheads (speaking notes)
[Slide 8] Funds Under Management / Funds Under Advice We define Funds Under Management (FUM) as all internal and external managed products and investment services including our Portfolio For personal use only Administration Service, Cash, Margin Lending and Superannuation Products. Funds Under Advic
Slide 23: The Current Year (speaking notes)
[Slide 10] The Current Year It is important to remember that we are a 31 December balance date and our For personal use only financial year runs from 1 January – 31 December. Accordingly we are three months into our year with nine months left to run. It has been an extremely difficult start to the y
Slide 24: Business Priorities (speaking notes)
[Slide 11] Business Priorities Going forward our priorities remain the same. Revenue Growth For personal use only Managing Expenses Opportunities for Growth & Acquisition Revenue We continue to focus on the Group’s core strengths, namely: our large and loyal client base; our experienced and professi
Slide 25: Opportunities for Growth & Acquisition
Opportunities for Growth & Acquisition A key reason for listing the company was to provide us with the ability to take For personal use only advantage of opportunities that were available then and could well be available in the future. The ability to issue scrip was central to the successful acquisi
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