Income Asset Management Group Limited · ASX:IAM
Income Asset Management — FY2023 Earnings Presentation
12 slides from Income Asset Management's earnings presentation, Sep 6, 2023
Slide 1: FY23 annual results presentation
September 2023 FY23 annual results presentation Income Asset Management Group (ASX:IAM)
Slide 2: Here and now
Here and now Revenue increased 88% to $13.85m year on year +88% XK $1385m FY 21 FY 22 FY 23 Total Assets under Administration (AuA) across bonds and cash $3.1 bn, up 55% year on year Total expenses have remained steady $3.1bn $2.0bn | 466% $1.5bn $19.6m $19.1m $19.9m 446% FY 21 FY 22 Fy23 FY 21 Fy 2
Slide 3: Improving cash position
Improving cash position Operating Cash - Inflows and Outflows ($m) Net operating cash flows FY22/23 18.0 500 160 0 14.0 QLFY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 12.0 -500 10.0 -1000 8.0 60 -1500 fo ‘2000 20 2500 FY20 FY21 FY22 FY23 3000 —=—Cash inflows =Cash outflows -3500
Slide 4: Where to?
Where to? • New platforms signing up • New clients including Private Banks, middle- market charities and aged- care providers, UHNW • Seasoned professionals families Expanding model- New revenue writers • Negotiating discretionary bond portfolios and and non-discretionary appointed mandate managemen
Slide 5: Appendix: Group Financial Results
Appendix: Group Financial Results 4
Slide 6: Profit and Loss
Profit and Loss Financial performance highlights FY22 FY23 Change $m Revenue 7.38 13.85 +88% Expenses – employee (10.19) (9.37) +8% Expenses – other (6.65) (6.69) -1% EBITDA (9.46) (2.21) +77% Finance costs (0.73) (2.18) -198% Depreciation & amortisation (1.55) (1.73) -12% Share of net profit/(loss)
Slide 7: Balance Sheet, Group Debt
Balance Sheet, Group Debt Cash and cash equivalents increased $6.43m. The issuance of Group Balance Sheet June 22 June 23 the IAM Note in November 2022 $m added net $5.1m in debt funding, and the sale of the Fortlake business Cash 2.85 9.28 added a further $3.5m. Total Assets 4.30 11.88 Other assets
Slide 8: Appendix: Group Financial Results
Appendix: Group Financial Results 7
Slide 9: Balance Sheet (1/2)
Appendix: Group Financial Results Balance Sheet (1/2) 8
Slide 10: Balance Sheet (2/2)
Appendix: Group Financial Results Balance Sheet (2/2) 9
Slide 11: Statement of Cash Flows (1/2)
Appendix: Group Financial Results Statement of Cash Flows (1/2) 10
Slide 12: Statement of Cash Flows (2/2)
Appendix: Group Financial Results Statement of Cash Flows (2/2) 11
Income Asset Management Group — FY2023 Earnings Presentation on 6ix