Prime Financial Group Limited · ASX:PFG
Prime Financial — H1 2008 Earnings Presentation
18 slides from Prime Financial's earnings presentation, Feb 20, 2008
Slide 1: 2008 Half-Year Results announcement
ACN 009 487 674 Level 16, 90 Collins Street Melbourne VIC 3000 20 February 2008 Tel 03 9827 6999 Fax 03 9827 9100 Company Announcements Office For personal use only www.primefinancial.com.au Australian Securities Exchange Limited 2008 HALF- HALF-YEAR RESULTS The Directors’ are pleased to report that
Slide 2: Half Year Results Presentation
Half Year Results Presentation For personal use only 20 February 2008 financial advice funds management corporate advisory finance
Slide 3: Results Overview
Results Overview For personal use only 2008 1st half net profit after tax (NPAT) = $3.11M ( ( 132% over pcp) - up from $1.34M in 1st half 2007 2008 1st half dividend = 1.4cps ( ( 180% over pcp) - up from 0.5cps in 1st half 2007 1st half result – ahead of analysts consensus forecasts of $3.0M NPAT Co
Slide 4: Financial Information
Financial Information For personal use only Financials (2005, 2006, 2007 & 1st Half 2007 & 2008) 1st Half 1st Half % 2005 2006 2007 2007 2008 Increase Earnings before interest & tax (EBIT) ($M) 0.60 2.51 7.49 1.90 4.34 128% Net profit after tax ($M) 0.57 1.90 5.12 1.34 3.11 132% Dividend paid & prop
Slide 5: Comparative 1st Half Financial Information
Comparative 1st Half Financial Information For personal use only
Slide 6: Profit by Service Line
Profit by Service Line For personal use only FINANCIAL ADVICE Financial Planning Accounting Funds Total (inc. Finance) Services Management ($M) ($M) ($M) ($M) Total Revenue 8.53 9.12 1.16 18.81 Total Expenses (inc. head office) (4.41) (6.36) (0.93) (11.70) Income Tax Expense (1.29) (0.83) (0.10) (2.
Slide 7: Profit Contribution by Service Line
Profit Contribution by Service Line For personal use only
Slide 8: Sustained Strong Growth
Sustained Strong Growth For personal use only The result has been achieved for a number of reasons, including: Strong organic growth in revenue across: - Financial planning - Accounting services Cost control Continued cross- cross-selling of services within the group
Slide 9: Prime Opportunities
Prime Opportunities For personal use only Providing new services & products to potential clients (distribution = 42,000) and additional services to existing clients - Financial planning advice - SMSF advice & services (CPP complimentary to this) - Direct equities service Further investments using co
Slide 10: CPP Transaction - Feb 2008
CPP Transaction - 14 Feb 2008 For personal use only Significant strategic acquisition - Consolidates Financial Planning, SMSF & Direct Equities Resources - Scale & Synergy benefits - High Growth Asset Cross- Cross-sell opportunity to CPP clients for Prime services High ongoing income (+65%) as a per
Slide 11: Looking Forward
Looking Forward For personal use only 2nd Half Guidance Financial planning contribution to be larger than expected Accounting services contribution to be larger than expected Funds management contribution to be lower than expected Net effect of above = continue to confirm analysts full year forecast
Slide 12: Prime Business Overview
Prime Business Overview For personal use only A national diversified financial services & advisory group operating across Financial Advice, Funds Management, Corporate Advisory and Finance
Slide 13: Locations
Locations For personal use only Prime’s operations extend to five states and capital cities throughout Australia including Melbourne, Melbourne, Sydney, Sydney, Brisbane, Brisbane, Perth and Hobart
Slide 14: Investments & Operations
Investments & Operations For personal use only Prime currently has investments in 44 financial services & advisory businesses nationally, nationally combining over 200 staff and 31 financial advisers Funds under advice = $3b (approx) Diversified revenue streams across financial advice, funds managem
Slide 15: Strong Organic Growth
Strong Organic Growth For personal use only Ownership in distribution Cross- Cross-referral opportunities via complimentary products & services Access to an additional client base through Prime’s Provision of additional products & distribution network services to existing clients, inc. 3,500 (revenu
Slide 16: Successful Co-Investment Model
Successful Co- Co-Investment Model For personal use only Financial services distribution model (co- (co-investment) Invest in existing financial planning businesses (up to 50% equity) assisting these businesses to grow by acquisition or service expansion Provide financial planning services to accoun
Slide 17: Integrated Financial Advice
Integrated Financial Advice For personal use only Financial Planning Investment Advice inc. Direct Equities Prime can provide integrated financial Wealth Protection & Life Insurance advice, products and services for our SMSF & Superannuation Advice clients’ individual, business and investment needs
Slide 18: Contact
Contact For personal use only Simon Madder Managing Director / CEO Prime Financial Group Ltd Level 16, 90 Collins Street Melbourne VIC 3000 Level 17, Como Office Tower 644 Chapel Street South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 simonm@primefinancial.com.au
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