Iress Limited · ASX:IRE
Iress — Shareholder Meeting (May 2025)
40 slides from Iress's shareholder meeting presentation, May 1, 2025
Slide 1: ASX cover letter: 2025 AGM address and presentation
1 May 2025 he Manager T ASX Market Announcements Office Australian Securities Exchange Dear Manager, For personal use only IRESS LIMITED – 2025 ANNUAL GENERAL MEETING - ADDRESS & PRESENTATION Iress Limited (ASX:IRE) (Iress) will address shareholders at its Annual
Slide 2: 2025 AGM Addresses: Chair Address
2025 AGM ADDRESSES CHAIR ADDRESS Y24 was a pivotal yearforIress.Havingcompletedan18-monthtransformationprogram, F wearenowaleanerandmorefocusedWealthsoftwarecompanywithasignificantTrading & Market Data division. n the transformatio
Slide 3: Risk Profile and Quality of Earnings; Executive Team and Remuneration
Risk Profile and Quality of Earnings IdowanttofocusonIress’earningsqualityandriskprofilepostthetransformationbecause in these areas the impact of the work Marcus and the team have done is quite profound. here’ssignificantlylessoperationalriskassociated
Slide 4: Chair Address: Clarity and Growth
et’s start withClarity.Thetransformationhasmadeitdifficultforinvestorstounderstand L Iress because of the sheer number of moving parts - asset sales, the management of stranded costs after these sales, the move to more t
Slide 5: CEO Address: Strong FY24 financial results
CEO ADDRESS Thanks Roger. Iress delivered strong FY24 financial results elcome to everyone here, and to all those who takeinterestinthisgreatcompany.Ifeel W privilegedtobetheCEOofthiscompany,andforhavingtheopportunitytobeparto
Slide 6: CEO Address: global wealth technology market
ndarapidlyexpandingsetofassetsavailableforinvestmentbothinthetradedandprivate a markets. gainst this backdrop, we have an ongoing global prosperity effect - including here in A Australia. We are the richest, best educated,
Slide 7: CEO Address: growth opportunities and Trading & Market Data investment
r eputationfordatamigrationisuniqueandhasenabledustobea‘winner’fromtheongoing M&A activity in the industry. hat we have now is the opportunity to explore and evolve new wealth technologies, W building from our core knowledge,
Slide 8: CEO Address: closing remarks
In closing I would like to acknowledge the commitment and hard work of the Iress team throughoutthetransformation,ourresultshavebeenawhole-of-businesseffort.Andfinally, thank you to our customers and shareholders. Thank you Roger, back to yo
Slide 9: 2025 Annual General Meeting
For personal use only 2025 Annual General Meeting 2 May 2025 iress.com 1
Slide 10: Welcome
For personal use only Welcome Roger Sharp 2 2
Slide 11: Directors
Directors For personal use only Roger Sharp Niki Beattie Michael Dwyer AM Julie Fahey Anthony Glenning Non-Executive Director & Chair Non-Executive Director Non-Executive Director Non-Executive Director & Non-Executive Director Chair of People & Performance Committee Trudy Vonhoff Robert Mactier Sus
Slide 12: Agenda
Agenda For personal use only 1. Welcome 2. Presentation of 2024 financial statements and reports 3. Re-election of Michael Dwyer AM as director 4. Election of Susan Forrester AM as director 5. Election of Robert Mactier as a director 6. Advisory resolution to adopt Remuneration Report 7. Grant of Sha
Slide 13: How to ask a question
How to ask a question For personal use only ● When the question function is available, click the Q&A icon to ask a written question. ● Select a resolution from the dropdown list and type your question in the text box then press the send button. 5
Slide 14: Voting
For personal use only Voting 6 6
Slide 15: How to vote in person
How to vote in person For personal use only Please vote by completing the reverse of your blue admission and voting card provided at the registration desk. Ensure you sign your card and it will be collected at the end of the meeting. 7
Slide 16: How to vote online
How to vote online For personal use only ● When the poll is open, voting will be accessible by clicking the vote icon at the top of the screen. ● To vote simply select the direction in which you would like to cast your vote and the corresponding tile will change colour. ● You can change your mind an
Slide 17: Chair Address
For personal use only Chair Address Roger Sharp 9
Slide 18: CEO Address
For personal use only CEO Address Marcus Price 10
Slide 19: Iress delivered strong FY24 financial results
Iress delivered strong FY24 financial results For personal use only Adjusted EBITDA Adjusted EBITDA Margin +25.2% +501.9bps $132.8m 22.0% Underlying EPS NPATA1 +72.4% +192.2% 34.3 cps $30.1m Leverage ratio Final dividend 1.0x 10.0 cps (from 2.5x) Note: Compared with pcp (FY23) 11 11 1. NPATA represen
Slide 20: Simplified portfolio focused on two businesses
Iress has significantly simplified its portfolio and is focused on driving growth in two businesses: Trading & Global Market Data and Wealth Management For personal use only Iress portfolio pre-transformation Trading & Global Market Data APAC UK Canada South Africa QuantHouse Wealth Management Iress p
Slide 21: Well positioned to leverage opportunities in the global wealth market
Iress is well positioned to leverage opportunities in the global wealth market For personal use only Market position Market trends Large and growing market: Australia: AUM ~$1.8T UK: AUM ~$2.8T # 1 Australia Wealth Tech Unmet advice needs Australia: 85% UK: 90% Increasing wealth & prosperity # 2 UK
Slide 22: Accelerating product innovation and strategic growth initiatives
Iress is accelerating product innovation and strategic growth initiatives For personal use only New products in FY24 New initiatives Leveraging strategic partnerships to accelerate innovation pipeline Retirement Income Digital Advice in Superannuation Cloud native EMS AI driven wealth-tech & advice
Slide 23: Positive momentum in Q1 25 and FY25 guidance
Positive momentum in Q125 For personal use only Summary FY25 Guidance1 Strong 2024 with improved NPATA performance metrics across the board $54m - $62m 80% - 106% vs FY24 Simplification of Iress portfolio with Super and QuantHouse divestments due to complete in FY25 Adjusted EBITDA $127m - $135m Acce
Slide 24: Formal Business
For personal use only Formal Business 16
Slide 25: Proxies received for all resolutions
Proxies received for all resolutions For personal use only For Against Abstain 1 Re-election of M Dwyer 131,177,424 | 93.37% 9,183,600 | 6.54% 68,216 2 Re-election of S Forrester 140,057,671 | 99.69% 308,531 | 0.22% 63,038 3 Re-election of R Mactier 138,829,766 | 98.82% 1,536,527 | 1.09% 62,947 4 Re
Slide 26: Consideration of Reports
Consideration of Reports For personal use only To receive and consider the Financial Report, including the Financial Statements, and the reports of the Directors and Auditor of the Company and its controlled entities for the year ended 31 December 2024. 18
Slide 27: Resolution - Re-election of Michael Dwyer AM
Resolution 1 - Re-election of Michael Dwyer AM For personal use only “That Michael Dwyer AM, who retires in accordance with the Company’s Constitution and being eligible for re-election, be re-elected as a Director of the Company.” 19
Slide 28: Proxies for Resolution - Re-election of Michael Dwyer AM
Proxies for Resolution 1 – Re-election of Michael Dwyer AM For personal use only The proxies received for ‘Resolution 1’ are as follows: For Against Abstain Open 131,177,424 9,183,600 68,216 127,655 93.37% 6.54% N/A 0.09% No. of Holders No. of Holders No. of Holders No. of Holders 85 19 2 30 20
Slide 29: Resolution - Election of Susan Forrester AM
Resolution 2 - Election of Susan Forrester AM For personal use only “That Susan Forrester AM, having been appointed by the Board since the last AGM of the Company, who retires in accordance with the Company’s Constitution and being eligible for election, be elected as a Director of the Company.” 21
Slide 30: Proxies for Resolution - Election of Susan Forrester AM
Proxies for Resolution 2 - Election of Susan Forrester AM For personal use only The proxies received for ‘Resolution 2’ are as follows: For Against Abstain Open 140,057,671 308,531 63,038 127,655 99.69% 0.22% N/A 0.09% No. of Holders No. of Holders No. of Holders No. of Holders 87 17 2 30 22
Slide 31: Resolution - Election of Robert Mactier
Resolution 3 - Election of Robert Mactier For personal use only “That Robert Mactier, having been appointed by the Board since the last AGM of the Company, who retires in accordance with the Company’s Constitution and being eligible for election, be elected as a Director of the Company.” 23
Slide 32: Proxies for Resolution - Election of Robert Mactier
Proxies for Resolution 3 – Election of Robert Mactier For personal use only The proxies received for ‘Resolution 3’ are as follows: For Against Abstain Open 138,829,766 1,536,527 62,947 127,655 98.82% 1.09% N/A 0.09% No. of Holders No. of Holders No. of Holders No. of Holders 89 14 3 30 24
Slide 33: Resolution - Remuneration Report
Resolution 4 - Remuneration Report For personal use only “That the Remuneration Report for the year ended 31 December 2024 be adopted in accordance with Section 250R(2) of the Corporations Act.” 25
Slide 34: Proxies for Resolution - Remuneration Report
Proxies for Resolution 4 – Remuneration Report For personal use only The proxies received for ‘Resolution 4’ are as follows: For Against Abstain Open 135,365,313 4,957,466 93,236 127,655 96.38% 3.53% N/A 0.09% No. of Holders No. of Holders No. of Holders No. of Holders 48 46 11 30 26
Slide 35: Resolution - Grant of SARs to the Managing Director and CEO
Resolution 5 - Grant of SARs to the Managing Director and CEO For personal use only “That for the purposes of ASX Listing Rule 10.14 and all other purposes, the grant of 796,875 Share Appreciation Rights (SARs) to the Managing Director and CEO, Marcus Price, and the provision of ordinary shares on e
Slide 36: Proxies for Resolution - Grant of SARs to the Managing Director and CEO
Proxies for Resolution 5 – Grant of SARs to the Managing Director and CEO For personal use only The proxies received for ‘Resolution 5’ are as follows: For Against Abstain Open 137,382,811 2,967,531 78,898 127,655 97.80% 2.11% N/A 0.09% No. of Holders No. of Holders No. of Holders No. of Holders 35
Slide 37: General Questions
For personal use only General Questions 29
Slide 38: Finalisation of Voting
For personal use only Finalisation of Voting 30
Slide 39: Close of Annual General Meeting
For personal use only Close of Annual General Meeting 31
Slide 40: Disclaimer: Important information for investors
Disclaimer For personal use only Important information for investors This presentation has been prepared by Iress Limited ACN 060 313 359 (Iress). While the information in this presentation has been prepared in good faith and with reasonable care, no representation or warranty, express or implied, i