Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2016)
23 slides from Bell Financial's shareholder meeting presentation, Apr 21, 2016
Slide 1: ASX Release: AGM Presentation Materials
ASX RELEASE. 21 April 2016 Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 Via ASX Online AGM Presentation Materials We attach a copy of the presentation materials that will be addressed by the Executive Chairman and the Managing Director at Bell Financial Group Limited’s An
Slide 2: Executive Chairman's Address
BELL FINANCIAL GROUP ANNUAL GENERAL MEETING 21 APRIL 2016 EXECUTIVE CHAIRMAN’S ADDRESS 2015 was a good year for Bell Financial Group. All our business units traded positively and that resulted in the Group reporting sharply higher earnings. Our balance sheet is robust and we have no debt – other tha
Slide 3: Executive Chairman's Address (continued)
Because business has been relatively difficult, the market is going through a rationalization and as a result we have been able to hire advisers from UBS, Morgan Stanley, BBY and Patersons. We also recruited Richard Coppleson, the highly respected market commentator and author of the insightful dail
Slide 4: Managing Director's Address
BELL FINANCIAL GROUP ANNUAL GENERAL MEETING 21 APRIL 2016 MANAGING DIRECTOR’S ADDRESS Thank you Colin. Good morning ladies and gentlemen. As you know the numbers we are presenting today are historical so rather than go over them in any greater detail than Colin already has, I thought I would run thr
Slide 5: Managing Director's Address: BPC and Third Party Platform
At the end of 2015 BPC had 2,200 margin loan clients and 51,000 cash accounts, 31,000 of which are active. The loan book at the end of the year stood at $235m, generating $6.5m in net revenue and $1.4m in pre-tax earnings. And while earnings were flat due to margin pressure the loan book actually gr
Slide 6: Managing Director's Address: Citi platform and growth potential
The platform has multi-currency, settlement and reporting functions and is another example of BFG exploring technological innovation to better service customers. This platform is one of the best available for Australian retail equity clients to access global markets, an increasingly important asset
Slide 7: Annual General Meeting April 2016
ANNUAL GENERAL MEETING 21 April 2016
Slide 8: Annual General Meeting: Colin Bell
ANNUAL GENERAL MEETING Colin Bell
Slide 9: Annual General Meeting: Alastair Provan
ANNUAL GENERAL MEETING Alastair Provan
Slide 10: 2015 Highlights
2015 HIGHLIGHTS A solid earnings contribution from all our businesses A particularly strong contribution by the Institutional Broking and ECM division Group revenue $178m, 14% ahead of 2014 Profit after tax $15.9m, 174% ahead of 2014 Our best result in 5 years ANNUAL GENERAL MEETING Page 4
Slide 11: Stand Alone Business Unit Contributions
STAND ALONE BUSINESS UNIT CONTRIBUTIONS 2015 2014 % change $m $m Portfolio Administration Services Revenue $12.1 $11.4 PBT $4.2 $3.6 17% Futures and Foreign Exchange Revenue $13.8 $10.6 PBT $2.1 $1.5 40% Bell Potter Capital Revenue (Net) $6.5 $6.6 PBT $1.4 $1.4 - Third Party Platform Revenue $10.1
Slide 12: Technology
TECHNOLOGY We continue to develop in-house proprietary technology: - FUSION (CRM/Regulatory/Compliance) - Price Discovery Platform - International Equities Cost savings are anticipated as technology is further developed Potential to commercialise the technology down the track ANNUAL GENERAL ME
Slide 13: Market Update
MARKET UPDATE A reasonable start to the year. Broadly in line with last year. Unaudited first quarter revenue was $36m, slightly down on the preceding corresponding period (p.c.p.) $37m Unaudited first quarter profit before tax was also slightly lower at $1.9m down from $2.6m on a p.c.p. basis
Slide 14: 2015 Summary
2015 SUMMARY 2015 2014 % change Revenue $177.8m $155.3m 14% Profit after tax $15.9m $5.8m 174% Earnings per share 6.2cps 2.3cps 170% Dividend per share (fully franked) 4.5cps 2cps 125% Share Price (31 Dec.) 57.5c 43c 34% (i) PE Multiple 9.7 times 19.3 times (50%) (i) Dividend Yield (fully franked) 7
Slide 15: Item 1: Reports
ANNUAL GENERAL MEETING Item 1: Reports Financial report, directors’ report and auditor’s report for the year ended 31 December 2015
Slide 16: Item 2: Election of Directors
ANNUAL GENERAL MEETING Item 2: Election of Directors
Slide 17: 2016 AGM – Election of Directors: Mr Graham Cubbin
2016 AGM – Election of Directors Mr Graham Cubbin ANNUAL GENERAL MEETING Page 11
Slide 18: 2016 AGM – Proxy Votes: Item 2(a)
2016 AGM – Proxy Votes Item 2(a): Re-election of Director - Mr Graham Cubbin For Against Open Usable Number of proxy votes 191,764,157 122,300 4,290,655 % of proxy vote 97.76% 0.06% 2.18% ANNUAL GENERAL MEETING Page 12
Slide 19: 2016 AGM – Election of Directors: Ms Brenda Shanahan
2016 AGM – Election of Directors Ms Brenda Shanahan ANNUAL GENERAL MEETING Page 13
Slide 20: 2016 AGM – Proxy Votes: Item 2(b)
2016 AGM – Proxy Votes Item 2(b): Re-election of Director - Ms Brenda Shanahan For Against Open Usable Number of proxy votes 191,771,957 114,500 4,290,655 % of proxy vote 97.76% 0.06% 2.18% ANNUAL GENERAL MEETING Page 14
Slide 21: Item 3: Remuneration report
ANNUAL GENERAL MEETING Item 3: Remuneration report
Slide 22: 2016 AGM – Proxy Votes: Item 3
2016 AGM – Proxy Votes Item 3: Adoption of the remuneration report For Against Open Usable Number of proxy votes 181,352,277 5,292,511 4,230,655 % of proxy vote 95.02% 2.77% 2.21% ANNUAL GENERAL MEETING Page 16
Slide 23: Bell Financial Group Limited
BELL FINANCIAL GROUP LIMITED www.bellfg.com.au ACN 083 194 763
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