Generation Development Group Limited · ASX:GDG
Generation Development — Shareholder Meeting (November 2020)
28 slides from Generation Development's shareholder meeting presentation, Nov 19, 2020
Slide 1: Generation Development Group 2020 Annual General Meeting
For personal use only Generation Development Group 2020 Annual General Meeting 19 November 2020 Presenters: Rob Coombe Grant Hackett OAM Non-Executive Chairman Chief Executive Officer of Generation Life Outthinking today.
Slide 2: Contents
For personal use only Contents Generation Development Group Appendices 15 Chairman’s address 5 About Generation Development Group Generation Development Group | gendevelopmentgroup.com.au 6 Questions 20 FY-20 Financial result summary 7 Financial Reports 21 Generation Life Highlights and key performa
Slide 3: Online attendees: Question process
Online attendees For personal use only Question process When the Question function is available, the Q&A icon will appear at the top of the app. Generation Development Group | gendevelopmentgroup.com.au To send in a question, simply click in the ‘Ask a question’ box, type your question and the press
Slide 4: Online attendees: Voting process
Online attendees For personal use only Voting process When the poll is open, the vote will be accessible by selecting the voting icon at the top of the Generation Development Group | gendevelopmentgroup.com.au screen To vote simply select the direction in which you would like to cast your vote, the
Slide 5: Chairman's address
Introduction and housekeeping / Chairman’s address Chairman’s address For personal use only Introducing our Directors and Executive Team Generation Development Group | gendevelopmentgroup.com.au Rob Coombe Bill Bessemer Jonathan Tooth Non-Executive Chairman Non-Executive Director Non-Executive Direc
Slide 6: About Generation Development Group
Generation Development Group / About Generation Development Group For personal use only Generation Development Group A compelling shareholder value building model Generation Development Group | gendevelopmentgroup.com.au Generation Development Group (ASX:GDG) is a licenced Pooled Development Fund (P
Slide 7: FY-20 Financial result summary
Generation Development Group / FY-20 Financial result summary FY-20 Financial result summary For personal use only FY20 FY19 Change Change % Revenue* (A$'000) 19,900 15,860 4,040 25.5 Generation Development Group | gendevelopmentgroup.com.au Expenses** (A$'000) (17,084) (13,610) (3,474) (25.5) Under
Slide 8: FY-20 highlights and key performance measures
Generation Life / Highlights and key performance measures FY-20 highlights and key performance measures For personal use only Generation Life Life Business FUM Life Product Sales Market share APL’s Product rating Generation Development Group | gendevelopmentgroup.com.au $1,295 m $332 m 40.6% of infl
Slide 9: Continued improvements in all key metrics
Generation Life / Highlights and key performance measures Continued improvements in all key metrics For personal use only FY-21 Q1 results Long-term track record Annual Sales & Net Inflows ($ millions) 350 Generation Development Group | gendevelopmentgroup.com.au 300 Life Business FUM Life Product S
Slide 10: Growth strategy and product innovation
For personal use only Growth strategy and product innovation Generation Development Group | gendevelopmentgroup.com.au Product innovation Generation Life Tax Aware Series 14 Generation Life Equity Income Fund 16 Generation Life Market Linked Annuity 18 Investment in Lonsec 20 Generation Development
Slide 11: Product innovation: Tax Aware Series and Equity Income Fund
Growth strategy and product innovation / Generation Life Tax Aware Series Product innovation For personal use only Generation Life Tax Aware Series Generation Life Equity Income Fund Unique to Generation Life, our investment menu now The search for yield appears unstoppable. offers three levels of i
Slide 12: Generation Life Market Linked Annuity
Growth strategy and product innovation / Generation Lifetime Pension Generation Life Market Linked Annuity For personal use only The longevity landscape Key challenges facing Market opportunity post retirement assets Australians is Generation Development Group | gendevelopmentgroup.com.au First to l
Slide 13: Investment in Lonsec
Growth strategy and product innovation / Investment in Lonsec Investment in Lonsec Company overview For personal use only FY20 Revenue Generation Development Group | gendevelopmentgroup.com.au Acquired 37% stake in $29.6 million Lonsec FY20 EBITDA $7.8 million* Post the Royal Commission, Lonsec Rese
Slide 14: Generation Development Group outlook
Growth strategy and product innovation / Generation Development Group outlook For personal use only Generation Development Group outlook Generation Development Group | gendevelopmentgroup.com.au Ongoing momentum of strong sales and FUM Launch of a tax effective (under 10% tax rate) growth regular in
Slide 15: Appendices
For personal use only Appendices Generation Development Group | gendevelopmentgroup.com.au
Slide 16: Why Generation Development Group?
Generation Development Group / About Generation Development Group Why Generation Development Group? For personal use only Sustained track record Consistent NPAT growth Resilient business Track record of product of delivering increased underpinned by model with “sticky FUM” innovation sales and FUM r
Slide 17: Reconciliation of statutory profit to underlying earnings
Reconciliation of statutory profit to underlying earnings For personal use only Generation Development Group FY20 FY19 Change Change % Underlying net profit after tax (A$’000) 2,816 2,250 566 25.1 Ascalon (net) operating costs (A$’000) (2,349) (1,150) (1,199) (104.3) Generation Development Group | g
Slide 18: FY-20 FUM Growth
FY-20 FUM Growth For personal use only Generation Development Group Q1-21 Q1-20 Change FY20 FY19 Change $'m $'m $'m $'m $'m $'m Generation Development Group | gendevelopmentgroup.com.au Opening FUM 1,295 1,073 223 1,073 887 186 Sales inflow 82 88 (7) 332 224 108 Investment performance 13 17 (3) (31)
Slide 19: Generation Life Equity Income Fund
Growth strategy and product innovation / Generation Life Equity Income Fund Generation Life Equity Income Fund For personal use only The first of its kind Quarterly payment/distribution split $16,000 $14,000 Generation Development Group | gendevelopmentgroup.com.au $12,000 $10,000 $8,000 $6,000 $4,0
Slide 20: Questions
For personal use only Questions Generation Development Group | gendevelopmentgroup.com.au
Slide 21: Financial Reports
For personal use only Financial Reports Generation Development Group | gendevelopmentgroup.com.au
Slide 22: Resolution 1: Remuneration Report
For personal use only Resolution 1 Remuneration Report Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 53,229,847 271,264 6,888,836 40,129,719 88.14% 0.45% 11.41%
Slide 23: Resolution 2: Re-election of Rob Coombe as a Director
For personal use only Resolution 2 Re-election of Rob Coombe as a Director Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 93,177,860 3,048,317 4,015,701 277,788 92.95% 3.04% 4.01%
Slide 24: Resolution 3: Re-election of William Bessemer as a Director
For personal use only Resolution 3 Re-election of William Bessemer as a Director Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 92,986,683 3,053,317 4,201,878 277,788 92.76% 3.05% 4.19%
Slide 25: Resolution 4: Refresh of 15% Placement Facility – Placement Shares
For personal use only Resolution 4 Refresh of 15% Placement Facility – Placement Shares Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 42,379,009 199,254 4,015,701 53,925,702 90.95% 0.43% 8.62%
Slide 26: Resolution 5: Refresh of 15% Placement Facility – Deferred Consideration Shares
For personal use only Resolution 5 Refresh of 15% Placement Facility – Deferred Consideration Shares Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 93,148,697 233,732 4,015,701 3,121,536 95.64% 0.24% 4.12%
Slide 27: Resolution 6: Approval of 10% Placement Facility
For personal use only Resolution 6 Approval of 10% Placement Facility Generation Development Group | gendevelopmentgroup.com.au For Against Proxy’s Discretion Abstain/Excluded 89,466,203 3,914,943 4,015,701 3,122,819 91.86% 4.02% 4.12%
Slide 28: Close of Meeting and Disclaimer
Outthinking today. For personal use only Close of Meeting Disclaimer This presentation has been prepared by Generation Development Group Limited ABN 90 087 334 370 (GDG). GDG believes that the information in this presentation is accurate and reliable, but no warranties of accuracy, reliability or co
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