Bell Financial Group Limited · ASX:BFG
Bell Financial — Bell Potter Emerging Leaders Conference 2022
21 slides from Bell Financial's conference presentation, Sep 6, 2022
Slide 1: Bell Potter Emerging Leaders Conference 2022
6 September 2022 ASX Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 BELL POTTER EMERGING LEADERS CONFERENCE 2022 Please find attached a copy of the presentation that Bell Financial Group Executive Chairman, Alastair Provan will give today at the Bell Potter Emerging Leaders
Slide 2: Bell Financial Group (ASX:BFG)
BELL FINANCIAL GROUP (ASX:BFG) Australian owned. We provide full service and online broking, capital markets and financial advisory services to private, institutional and corporate clients. We are a developer of proprietary technology, platforms, products and services for the Australian financial ma
Slide 3: Contents
CONTENTS 1 Bell Financial Group 3 2 Corporate Structure 6 3 Group Financial Summary 11 4 Strategy 15 5 Market Update 18
Slide 4: Bell Financial Group
BELL FINANCIAL GROUP BELL FINANCIAL GROUP
Slide 5: Bell Financial Group
BELL FINANCIAL GROUP Bell Financial Group is a leading Australian financial services business. LONDON NEW YORK HONG KONG KUALA LUMPUR ▪ 13 offices across Australia plus offices in London, New York, Hong Kong AUSTRALIA and Kuala Lumpur 1970 2001 2003 2007 2008 2012 2018 2020 Bell Acquired Acquired Li
Slide 6: Bell Financial Group
BELL FINANCIAL GROUP • Professional board with deep industry understanding. • A deliberately flat management structure that is experienced, stable and has a substantial shareholding in the business. BELL FINANCIAL GROUP BOARD Alastair Provan Graham Cubbin Brian Wilson AO Christine Feldmanis Executiv
Slide 7: Corporate Structure
CORPORATE STRUCTURE BELL FINANCIAL GROUP
Slide 8: Corporate Structure
CORPORATE STRUCTURE BROKING TECHNOLOGY & PLATFORMS PRODUCTS & SERVICES RETAIL & INSTITUTIONAL • Retail Equities Six distinct business units operate within Third Party Platform: • Bell Potter Portfolio Lending (Domestic & International) • Bell Financial Trust • Institutional Equities 1. Private Clien
Slide 9: Broking – Retail & Institutional
BROKING – RETAIL & INSTITUTIONAL • 360 Financial Advisers servicing retail, wholesale and institutional client accounts. • Successfully executed 53 ECM and capital sydication transactions YTD August 2022, raising in excess of $1.2 billion in new equity capital. • $33.6 billion in Sponsored Holdings
Slide 10: Technology & Platforms
TECHNOLOGY & PLATFORMS Consistent growth in revenue, profit, sponsored holdings and client accounts over an extended period. • $19.3 million in Revenue. • $3.2 million Profit After Tax. • $31.4 billion in Sponsored Holdings. • 245,000 client accounts. REVENUE ($M) PROFIT AFTER TAX ($M) SPONSORED HOL
Slide 11: Products & Services
PRODUCTS & SERVICES • $27.2 million in Revenue. REVENUE($M) PROFIT AFTER TAX ($M) 40.0 12.0 • $7.3 million Profit After Tax. CAGR +8.2% (5-YR) 39.9 35.0 37.2 CAGR +7.2% (5-YR) • $526 million loan book at 31 35.0 10.0 10.5 August 2022. 30.0 31.3 9.3 29.1 8.0 • $489 million client funds at call 25.0 2
Slide 12: Group Financial Summary
GROUP FINANCIAL SUMMARY BELL FINANCIAL GROUP
Slide 13: Group Financial Summary
GROUP FINANCIAL SUMMARY Long term growth in Revenue, Profit after Tax, Earnings per Share and Dividends. REVENUE ($M) EARNINGS PER SHARE (CENTS) PROFIT AFTER TAX ($M) DIVIDEND PAID ($M) AND GROSS DIVIDEND YIELD (%) 350 15 50 40.0 40.0% CAGR +15.5% (5-YR) 14.6 35.3 CAGR +9.2% (5-YR) 45 33.6 13.8 46.7
Slide 14: Group Financial Summary (Cont.)
GROUP FINANCIAL SUMMARY (CONT.) We have a solid cash-backed balance sheet with no core operating debt EBITDA MARGIN RETURN ON EQUITY BALANCE SHEET As at 31 August 2022 24.0% 30% CAGR +8.9.% (5-YR) $M 22.0% 23.4% 29.0% 22.6% CAGR +15.5% (5-YR) 20.0% 21.4% 25% 26.4% Cash 90.0 25.3% 18.0% 19.3% 16.0% 1
Slide 15: Group Financial Summary (Cont.)
GROUP FINANCIAL SUMMARY (CONT.) GROUP FUNDS UNDER ADVICE (FUA) FUNDS UNDER ADVICE ($B) CHESS SPONSORED HOLDINGS ($B) PORTFOLIO ADMINISTRATION SERVICES (PAS) ($B) 80 80.0 4.0 68.9 CAGR +9.2% (5-YR) CAGR +12.6% (5-YR) CAGR +13.0% (5-YR) 3.8 70 75.9 70.0 65.0 3.5 71.8 3.6 3.5 57.5 3.4 60 60.0 3.0 63.9
Slide 16: Strategy
STRATEGY BELL FINANCIAL GROUP
Slide 17: Growth Through Investment in Proprietary Technology, Platforms, Products & Services
GROWTH THROUGH INVESTMENT IN PROPRIETARY TECHNOLOGY, PLATFORMS, PRODUCTS & SERVICES • We have a consistent strategy. Growth through our broking and capital markets businesses augmented by investment in leading edge technology through the continuous development of proprietary systems and platforms an
Slide 18: Investment in Growing Revenue Streams
INVESTMENT IN GROWING REVENUE STREAMS Investment in proprietary technology, platforms and our products and services is key to our ongoing business development. The result is more efficient and better outcomes for our staff and clients. • YTD Revenues of $46.5 million, a 4.1% increase on the p.c.p.,
Slide 19: Market Update
MARKET UPDATE BELL FINANCIAL GROUP
Slide 20: Market Update (8 months to 31 August 2022)
MARKET UPDATE (8 months to 31 August 2022) • Unaudited Revenue for the 8 months to 31 August was $152.6m, 20% down on the p.c.p. ($190.6 million). • Unaudited Profit after Tax for the 8 months to 31 August was $15.0m, 45% down on the p.c.p. ($27.3 million) in line with the guidance provided to the m
Slide 21: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as
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