Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (April 2011)
32 slides from Bell Financial's shareholder meeting presentation, Apr 20, 2011
Slide 1: 2011 Annual General Meeting
ASX RELEASE. For personal use only 20 April 2011 2011 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 20 April 2011
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 Significant improvement in ECM activity in the second half Margin lending and cash business performed well Contribution from Southern Cross Equities Balance Sheet strong with $47.8 million NTA Recruitment of a number of
Slide 6: Results Summary FY2010
For personal use only RESULTS SUMMARY FY2010 GROUP December 2010 December 2009 Change % Revenue $200.2 m $206.7 m - 3.1 Net Profit After Tax $21.6 m $27.3 m - 20.8 Overheads $69.6 m $66.3 m + 5.0 Total Full Year Dividend 6.5 cents per share 75% payout ratio ANNUAL GENERAL MEETING Page 5
Slide 7: Southern Cross Equities
For personal use only SOUTHERN CROSS EQUITIES SCE December 2010 December 2009 Change % Revenue $53.1 m $62.0 m - 14.0 Net Profit After Tax $13.9 m $18.0 m - 22.8 Lower ECM activity in FY2010 Contribution to the Group’s overall result On track to achieve final revenue performance hurdle ANNUAL GENERA
Slide 8: Equities Execution Revenue
For personal use only EQUITIES EXECUTION REVENUE Revenue $111 million, up 2.5% on previous period Flat trading volumes in first half of FY2010 ANNUAL GENERAL MEETING Page 7
Slide 9: Equity Capital Markets
For personal use only EQUITY CAPITAL MARKETS Revenue Full year $38.1 million Revenue split evenly between BPS & SCE Fees generated predominantly in second half ANNUAL GENERAL MEETING Page 8
Slide 10: Funds Under Management / Advice
For personal use only FUNDS UNDER MANAGEMENT / ADVICE Funds Under Management (FUM): $3.3bn Internal and external managed products and investment services Cash, margin lending, PAS, SMSFs Funds Under Advice (FUA): $22.2bn FUM + Sponsored Holdings Impacted by decline in ASX values FUA (Sponsor
Slide 11: Current Year
For personal use only CURRENT YEAR Solid start to the year First quarter revenue is up 13% on pcp First quarter profit before tax (unaudited) is $6.9m up 25% on pcp ANNUAL GENERAL MEETING Page 10
Slide 12: Business Priorities
For personal use only BUSINESS PRIORITIES Our staff Revenue growth Managing expenses Opportunities for growth and acquisition Bell Potter Securities and Southern Cross Equities integration 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 2010
Slide 14: Resolution: Election of Directors
For personal use only ANNUAL GENERAL MEETING Resolution 1 Election of Directors
Slide 15: Resolution 1a Election of Directors - Colin Bell
RESOLUTION 1a For personal use only ELECTION OF DIRECTORS Mr Colin Bell ANNUAL GENERAL MEETING Page 14
Slide 16: Resolution 1a Election of Directors - Colin Bell
RESOLUTION 1a For personal use only ELECTION OF DIRECTORS Mr Colin Bell FOR: 141,584,148 AGAINST: 39,550 OPEN: 1,283,137 Open in favour of the Chairman: 1,134,290 ANNUAL GENERAL MEETING Page 15
Slide 17: Resolution 1b Election of Directors - Craig Coleman
RESOLUTION 1b For personal use only ELECTION OF DIRECTORS Mr Craig Coleman ANNUAL GENERAL MEETING Page 16
Slide 18: Resolution 1b Election of Directors - Craig Coleman
RESOLUTION 1b For personal use only ELECTION OF DIRECTORS Mr Craig Coleman FOR: 141,560,927 AGAINST: 67,771 OPEN: 1,283,137 Open in favour of the Chairman: 1,134,290 ANNUAL GENERAL MEETING Page 17
Slide 19: Resolution 1c Election of Directors - Graham Cubbin
RESOLUTION 1c For personal use only ELECTION OF DIRECTORS Mr Graham Cubbin ANNUAL GENERAL MEETING Page 18
Slide 20: Resolution 1c Election of Directors - Graham Cubbin
RESOLUTION 1c For personal use only ELECTION OF DIRECTORS Mr Graham Cubbin FOR: 141,565,688 AGAINST: 62,760 OPEN: 1,283,137 Open in favour of the Chairman: 1,134,290 ANNUAL GENERAL MEETING Page 19
Slide 21: Resolution 1d Election of Directors - Malcolm Spry
RESOLUTION 1d For personal use only ELECTION OF DIRECTORS Mr Malcolm Spry ANNUAL GENERAL MEETING Page 20
Slide 22: Resolution 1d Election of Directors - Malcolm Spry
RESOLUTION 1d For personal use only ELECTION OF DIRECTORS Mr Malcolm Spry FOR: 126,724,137 AGAINST: 48,300 OPEN: 1,283,137 Open in favour of the Chairman: 1,134,290 ANNUAL GENERAL MEETING Page 21
Slide 23: Resolution: Adoption of the Remuneration Report
For personal use only ANNUAL GENERAL MEETING Resolution 2 Adoption of the Remuneration Report
Slide 24: Resolution: Remuneration Report
RESOLUTION 2 For personal use only REMUNERATION REPORT Adoption of Remuneration Report FOR: 126,344,009 AGAINST: 282,193 OPEN: 1,304,037 Open in favour of the Chairman: 1,155,190 ANNUAL GENERAL MEETING Page 23
Slide 25: Annual General Meeting - Charlie Aitken
For personal use only ANNUAL GENERAL MEETING Charlie Aitken
Slide 26: Bell Financial Group
For personal use only BELL FINANCIAL GROUP www.bellfg.com.au ACN 083 194 763
Slide 27: Managing Director's Review of Operations
MANAGING DIRECTOR’S REVIEW OF OPERATIONS – AGM 20 APRIL 2011 [Slide 3] For personal use only Good morning Ladies and Gentleman I thought I would start by identifying some highlights of financial year 2010, then briefly comment on 2011 so far. • Being a December financial year I always find it slight
Slide 28: For personal use only
conservatively with average gearing over the year of 31 percent and no bad debts. - While Southern Cross Equities (SCE) full year gross revenue fell by 14 percent it still managed a $20 million pre-tax contribution to the Group’s For personal use only consolidated result. - Our Balance Sheet remains
Slide 29: For personal use only
year 2010 to 6.5 cents per share. A payout ratio of 75 per cent of the 8.7 cents full year after tax earnings. [Slide 6] For personal use only SOUTHERN CROSS EQUITIES Southern Cross Equities’ (SCE) top line revenue was 14 percent below the pcp and 22 percent lower on an NPAT basis. Lower ECM activit
Slide 30: For personal use only
− Strong second half recovery. Combined BPS and SCE revenues for the six months to 30 June $10.5 million (27.5 percent) and six months to 31 December $27.5 million (72.5 percent). For personal use only [Slide 9] FUNDS UNDER MANAGEMENT (FUM) / FUNDS UNDER ADVICE (FUA) FUM increased marginally to $3.3
Slide 31: Business Priorities
[Slide 11] BUSINESS PRIORITIES Going forward our business priorities remain the same: For personal use only - Our staff - Revenue growth - Managing expenses - Opportunities for growth and acquisition - Bell Potter Securities & Southern Cross Equities integration Our staff are the most important elem
Slide 32: For personal use only
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Bell Financial Group — Shareholder Meeting (April 2011) on 6ix