38 slides from Generation Development's shareholder meeting presentation, Nov 19, 2024
Slide 1: FY24 Annual General Meeting
For personal use only FY24 Annual General Meeting Presenters: Rob Coombe Grant Hackett OAM Non-Executive Chairman Chief Executive Officer and Managing Director Generation Development Group Generation Life
Slide 2: Online attendees – Text question process
Online attendees – Text question process 123-456-789 For personal use only When the Question function is available, the messaging tab will appear at the top of the app Generation Development Group | gendevelopmentgroup.com.au To send in a question, click in the ‘Ask a question’ box, type your questi
Slide 3: Online attendees – Audio question process
Online attendees – Audio question process For personal use only To ask a question verbally please dial the number *Please ensure your webcast is muted before joining the call.* shown on the main information page. Enter your meeting ID followed by #. Generation Development Group | gendevelopmentgroup
Slide 4: Online attendees – Voting
Online attendees – Voting 123-456-789 For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen Generation Development Group | gendevelopmentgroup.com.au To vote simply select the direction in which you would like to cast your vote. The selecte
Slide 5: Contents
Generation Development Group | Annual General Meeting | 5 Contents For personal use only Generation Development Group Generation Development Group Outlook 18 Chairman’s address 6 About Generation Development Group 7 Questions 19 FY24 highlights and key performance measures 8 FY24 Financial result su
Slide 6: Chairman’s address
Generation Development Group | Annual General Meeting | 6 Chairman’s address For personal use only What we achieved this year Overview of the FY24 year that was Rob Coombe William Bessemer Giselle Collins Christine Christian AO Looking ahead Non-Executive Chairman Non-Executive Director Independent
Slide 7: About Generation Development Group
Generation Development Group | Annual General Meeting | 7 For personal use only Founded in 1991, Generation Development Group Limited is an ASX listed company that specialises in providing development capital to financial sector businesses. Investment Opportunities A trusted partner in providing sma
Slide 8: A year of growth
Generation Development Group | Annual General Meeting | 8 A year of growth 2024 financial year For personal use only $3.3bn $11.2m $657m Funds Under Management Underlying earnings (Group) Investment Bond Sales Up 26% Up 55% Record annual sales Up 28% Lonsec Earnings $10.6bn LifeIncome Underlying EBI
Slide 9: FY24 Financial result summary
Generation Development Group | Annual General Meeting | 9 FY24 Financial result summary Generation Development Group For personal use only FY24 FY23 Change Change % Revenue1 (A#039;000) 48,510 40,201 8,309 21 Expenses 1 (A#039;000) (38,199) (31,985) (6,214) (19) Underlying profit after tax benefit – Life/
Slide 10: Generation Life
Generation Development Group | Annual General Meeting | 10 For personal use only Pioneer and market leaders of Australia’s first truly flexible investment bond and proud to be innovating the retirement income landscape with an investment-linked lifetime annuity.
Slide 11: FY24 highlights and key performance measures
Generation Development Group | Annual General Meeting | 11 FY24 highlights and key performance measures Generation Life For personal use only Life Business FUM Sales Market Share APL’s Product Rating $3.3 billion Investment bond sales 48% of annual market inflows1 714 Investment bond Up 26% $657 mil
Slide 12: Continued improvements in all key metrics
Generation Development Group | Annual General Meeting | 12 Continued improvements in all key metrics Generation Life For personal use only Annual Sales & Net Inflows ($m) Number of New Applications FUM ($m) $700 19% CAGR in annual sales 30% CAGR $3,500 26% CAGR 28,000 16% CAGR in annual net sales $3
Slide 13: Strong momentum into FY25
Generation Development Group | Annual General Meeting | 13 Strong momentum into FY25 Generation Life September 2024 quarter For personal use only Annual Sales & Net Inflows ($millions) Closing Funds Under Management in S eptember ($millions) $657 $639 $3,586 27% CAGR $529 $515 $454 $2,696 $404 $2,22
Slide 14: Lonsec Group
Generation Development Group | Annual General Meeting | 14 For personal use only Experts in investment research, consulting and managed accounts
Slide 15: Underlying Lonsec Financial Results
Generation Development Group | Annual General Meeting | 15 Underlying Lonsec Financial Results Lonsec Group For personal use only Revenue (#039;000) EBITDA (#039;000) 24% CAGR 38% CAGR 61,267 23,547 55,716 17,217 39,286 32,372 10,972 8,876 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Gross Profit* (#039;000) NPAT
Slide 16: Revenue and Gross Profit by Division
Generation Development Group | Annual General Meeting | 16 Revenue and Gross Profit by Division For personal use only Lonsec Group FY23 FY24 Revenue spilt Gross profit spilt Revenue spilt Gross profit spilt 32% 35% 38% 40% 62% 60% 68% 65% Research and Ratings Lonsec Investment Solutions Research and
Slide 17: Lonsec Investment Solutions
Generation Development Group | Annual General Meeting | 17 Lonsec Investment Solutions For personal use only Lonsec Group 11,732 Funds Under Management (#039;000) 10,446 10,649 9,763 9,075 8,788 8,212 7,461 6,408 3,612 3,134 2,751 2,330 1,955 1,576 1,271 659 840 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-2
Slide 18: Generation Development Group outlook
Generation Development Group | Annual General Meeting | 18 For personal use only Generation Development Group outlook Confident that the current sales momentum Lonsec Research continues to deliver will continue – capitalising on the legislative strong results, and we will focus on tailwinds from the
Slide 19: Questions
Generation Development Group | Annual General Meeting | 19 For personal use only Questions
Slide 20: Financial Reports
Generation Development Group | Annual General Meeting | 20 For personal use only Financial Reports
Slide 21: Resolutions
Generation Development Group | Annual General Meeting | 21 For personal use only Resolutions
Slide 22: Resolution 1: Remuneration Report
Generation Development Group | Annual General Meeting | 22 For personal use only Resolution 1 Remuneration Report For Against Proxy’s Discretion Abstain/Excluded 120,104,270 1,594,862 12,164,183 12,609,639 89.72% 1.19% 9.09%
Slide 23: Resolution 2: Re-election of Ms. Giselle Marie Collins
Generation Development Group | Annual General Meeting | 23 For personal use only Resolution 2 Re-election of Ms. Giselle Marie Collins as a Director For Against Proxy’s Discretion Abstain/Excluded 130,176,554 4,132,217 12,164,183 0 88.88% 2.82% 8.30%
Slide 24: Resolution 3: Election of Ms. Christine Christian
Generation Development Group | Annual General Meeting | 24 For personal use only Resolution 3 Election of Ms. Christine Christian as a Director For Against Proxy’s Discretion Abstain/Excluded 129,394,096 51 17,078,807 0 88.34% Less than 0.01% 11.66%
Slide 25: Resolution 4: Increase in Remuneration Pool for Non-Executive Directors
Generation Development Group | Annual General Meeting | 25 For personal use only Resolution 4 Increase in Remuneration Pool for Non-Executive Directors For Against Proxy’s Discretion Abstain/Excluded 112,459,521 4,503,735 17,079,307 12,430,391 83.90% 3.36% 12.74%
Slide 26: Disclaimer
Generation Development Group | Annual General Meeting | 26 For personal use only Outthinking today. 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
Slide 27: Appendices
Generation Development Group | Annual General Meeting | 27 For personal use only Appendices
Slide 28: Key uses of investment bonds
Generation Development Group | Annual General Meeting | 28 For personal use only 5 key uses of investment bonds Generation Life investment bonds are designed to provide tax -effective investment solutions to help secure a financial future across all generations. 1. 2. 3. 4. 5. Alternative to Estate
Slide 29: Key features of investment bonds
Generation Development Group | Annual General Meeting | 29 9 key features of investment bonds For personal use only Life Insurance Maximum tax rate of No distributions and Tax paid - no personal 125% advantage and Tax Act 30% access to funds at tax after 10 years - tax Tax Optimised anytime advantag
Slide 30: Our leading investment menu: Investment bonds
Generation Development Group | Annual General Meeting | 30 Our leading investment menu Investment bonds For personal use only At Generation Life, we offer a wide range of investment options to meet investment objectives. 68 investment options across all major asset classes including 26 Tax Optimised
Slide 31: Core uses of LifeIncome
Generation Development Group | Annual General Meeting | 31 6 core uses of LifeIncome For personal use only 1. 2. 3. Qualify or bring forward the age to Minimising the impact of an Protecting your spouse / loved one access the Age Pension and ancillary inheritance on your Age Pension with income for
Slide 32: Key features of LifeIncome
Generation Development Group | Annual General Meeting | 32 8 key features of LifeIncome For personal use only Investment-linked Investment menu 0% tax environment Dollar-cost averaging lifetime annuity Investment earnings within Progressive investment 29 options with the ability Single or reversiona
Slide 33: Our leading investment menu: LifeIncome
Generation Development Group | Annual General Meeting | 33 Our leading investment menu LifeIncome For personal use only A wide range of investment options to meet investment objectives. You can hold any combination at any time. We offer 29 investment options across multiple styles: 2x Retirement Por
Slide 34: Awards
Generation Development Group | Annual General Meeting | 34 Awards For personal use only Generation Life Highly recommended for over a decade Research ratings LifeIncome Investment Bonds Note: Chant West rating for LifeBuilder and Child Builder
Slide 35: Overview of Lonsec’s key market segments
Generation Development Group | Annual General Meeting | 35 Overview of Lonsec’s key market segments Lonsec operates in multiple large and fast-growing market segments For personal use only 1 Investment Research 2 Super fund Research 3 Adviser Research 4 Managed Accounts Managed fund research Super f
Slide 36: Experts in investment research, consulting and managed accounts
Generation Development Group | Annual General Meeting | 36 For personal use only Experts in investment research, consulting and managed accounts 2011 2012 2013 2014 2016 2017 2018 2019 2020 Lonsec Research: Money Management Magazine research house of the year 2022 2023 2024
Slide 37: Reconciliation of statutory profit to underlying earnings
Generation Development Group | Annual General Meeting | 37 Reconciliation of statutory profit to underlying earnings Generation Development Group For personal use only FY24 FY23 Change Change % Underlying profit after tax benefit – Life/Administration business (A$’000) 10,311 8,216 2,095 25 Income t
Slide 38: Investment Bond FUM Growth
Generation Development Group | Annual General Meeting | 38 Investment Bond FUM Growth Generation Development Group For personal use only FY24 FY23 Change Change % (A$m) (A$m) (A$m) Opening FUM 2,626 2,158 468 22 Sales inflow 657 515 142 28 Investment performance 219 160 59 37 Withdrawal (162) (143)