Fiducian Group Ltd · ASX:FID
Fiducian — Investor Presentation (May 2020)
19 slides from Fiducian's investor presentation, May 28, 2020
Slide 1: Wilsons Rapid Insight Investor Presentation
Wilsons Rapid Insight INVESTOR PRESENTATION Indy Singh – Executive Chairman (Fiducian Group) Rahul Guha – Executive Chairman (Fiducian Services) 28 May 2020 1
Slide 2: Agenda
Agenda • Business Overview • Financials • Growth Strategy and Business Outlook • Key Dates and Contacts 2
Slide 3: Profit Generating Sustainable Business Model
Profit Generating Sustainable Business Model Management • Process driven, client focused investment products Funds • 15 Managed Funds: 4 Diversified Funds, 4 Sector Funds, 7 Specialist Funds • $2.72 Billion in Funds under Management (FUM) • Market competitive Wrap & Managed Discretionary Accounts (M
Slide 4: Funds Management
Funds Management • 15 Funds using Fiducian’s Manage-the-Manager (MTM) system of investment • Fiducian process delivers greater Diversification with lower risks • Consistently superior results against the world’s best fund managers in the Australian market The above performances are based on independ
Slide 5: WRAP Platforms (FSS/FIS) and FinTech (FORCe & FASTrack)
WRAP Platforms (FSSWRAP Platforms (FSS/FIS) – FinTech (FORCe & FASTrack) • Competitive Fees, Flexible Structure • Public offer “Superannuation Fund” • Investor Directed Portfolio Service (IDPS) • 15 – Multi-manager Funds using the Fiducian Manage-the-Manager system • 57 – Single Manager Fund Choices
Slide 6: Financial Planning – Focus on Quality and Expertise
Financial Planning – Focus on Quality and Expertise • We are selective in recruiting Financial Planners • National footprint with 41 offices, 74 representatives • 32 Franchised offices • 9 Salaried offices • $412 million FUA acquisitions in the current financial year BUSINESS OVERVIEW 6
Slide 7: Integrated Business Model
Integrated Business Model Our clients experience the Fiducian difference: Plus, additional revenue growth if financial markets rise Administration / Financial Planning Funds Management Platforms Funds: $3.14 billion Funds: $2.83 billion Funds: $2.23 billion Revenue: $9.9 million Revenue: $9.8 millio
Slide 8: Five Year Summary
Five Year Summary Sustainable growth history consistently over long term FINANCIALS 8
Slide 9: Cash flow
Cash flow • Cash Flow in line with expectations for Jul 19 – Mar 20: • $46.5 mil Receipts from Customers • $9.0 mil Net Operating Cash Flow after expenses and tax • $11.9 mil Cash at end of the period • Reinvestments into business: • $412 mil FUA acquired since July 2019 • $0.7 mil payments for Clie
Slide 10: Net Fund In-Flows in Platform
Net Fund In-Flows in Platform Net Funds Inflows - Six monthly (in $ mil) 114 115 100 93 94 92 91 74 77 75 62 50 43 40 29 25 0 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17 Jun 18 Dec 18 Jun 19 Dec 19 May 20 • Net In-flows of $92 million during H1 FY 2019-20 • Both Salaried and Franchised networks
Slide 11: Funds Under Management, Administration and Advice (FUMAA) Growth
Funds Under Management, Administration and Advice (FUMAA) Growth • Following a market driven decline, the combined Funds under Management, Administration and Advice (FUMAA) is $7.70 billion as at 25 May 2020 FINANCIALS 11
Slide 12: FID outperformance against All Ords Accum Index
FID outperformance against All Ords Accum Index • Since Jun 12, FID has outperformed All Ords by 548% (including dividend) • Dividend pay-out policy is 60- 70% of Net Profit After Tax • H1 dividend is 11.50 cents/share FINANCIALS 12
Slide 13: Dividends - $1,000 invested on 1 July 2012
Dividends - $1,000 invested on 1 July 2012 • The above graph shows annualised dividend yield (before franking credits) on $1,000 invested in FID on 01/07/2012. • Double digit EPS growth (based on UNPAT) in 15 out of 19 years since listing FINANCIALS 13
Slide 14: Projecting the Potential: Conceptual Representation
Projecting the Potential: Conceptual Representation The following is a concept extrapolation* of how increasing scale lifts EBITDA at an accelerating rate above a relatively fixed cost base: Funds under Management, Administration and Advice (FUMAA) & EBITDA * This is not a projection or a forward-lo
Slide 15: COVID-19 Response
COVID-19 Response • While the financial market has had large swings, our investments assets are diversified and expected to earn a Balanced return. The market volatility will have an impact on our revenue. • Fiducian has surplus cash for its operations with no debt. The company has generated positiv
Slide 16: Industry Consolidation, Opportunities and Regulatory Overview
Industry Consolidation, Opportunities and Regulatory Overview • Grow Funds Under Advice organically and through strategic acquisitions of financial planning businesses. • A number of established participants are exiting or have announced their intentions to exit the industry. • New educational stand
Slide 17: Growth Strategy Outlook
Growth Strategy Outlook Funds Leverage of successful Manage-The-Manager Management model and expand in new markets where profitable Distribute SMA capabilities, offer Badged solutions Administration to IFA market and build SMSF Administration Financial Continue to attract high quality planners and e
Slide 18: Key Dates and Contacts
Key Dates and Contacts Key Dates • Full year results announcement date: 17 August 2020 • Annual general meeting date: 22 October 2020 Contacts Investor Relations: Media Relations: Rahul Guha, Julie Hargrave, Executive Chairman (Fiducian Services) Head of Marketing and Communications +61 2 8298 4600
Slide 19: Disclaimer
Disclaimer Information in this document and given in the presentation is of a general nature. It is not intended to be, nor does it, constitute financial, legal or tax advice. The information is given in good faith and, although care has been exercised in compiling it, Fiducian Group Limited and the