Eqt Holdings Ltd. · ASX:EQT
Eqt — Shareholder Meeting (October 2021)
45 slides from Eqt's shareholder meeting presentation, Oct 22, 2021
Slide 1: AGM: Chairman's Address and Managing Director's Presentation
22 October 2021 For personal use only AGM: Chairman’s Address and Managing Director’s Presentation Attached is a copy of the addresses to be given by the Chairman and the Managing Director and the presentation for the EQT Holdings Limited’s (EQT) Annual General Meeting today. The EQT Board has autho
Slide 2: Annual General Meeting
ANNUAL GENERAL MEETING Carol Schwartz AO, Chair Mick O'Brien, Managing Director EQT Holdings Limited 22 OCTOBER 2021
Slide 3: Carol Schwartz AO, Chair
For personal use only CAROL SCHWARTZ AO CHAIR
Slide 4: Board of Directors
BOARD OF DIRECTORS @ fe] CAROL SCHWARTZ AO Chair at: i ax de » ANNE M O'DONNELL KEVIN J ELEY D. GLENN SEDGWICK MICK O'BRIEN Independent Director Independent Director Independent Director . , Managing Director TIM HAMMON CATHERINE ROBSON KELLY O'DWYER Independent Director Independent Director Indepen
Slide 5: Agenda
AGENDA @ (A) CHAIR'S ADDRESS (B) MANAGING DIRECTOR'S ADDRESS (C) ITEMS OF BUSINESS a ) FINANCIAL REPORT, DIRECTORS’ REPORT AND AUDITOR’S REPORT (2 ) ELECTION AND RE-ELECTION OF DIRECTORS (3 ) ADOPTION OF REMUNERATION REPORT (4 ) APPROVAL OF LONG-TERM INCENTIVE AWARD FOR MANAGING DIRECTOR (5 APPROVAL
Slide 6: Questions and Voting
QUESTIONS AND VOTING TO VOTE: Click on ‘Get a Voting Card’ If you haven't already, enter your: * SRN/HIN; and * postcode (or country if outside Australia) LINKGroup Hewpnuner 180090 363 ‘The presentation wil begin at 0X0 alpen ZONE & Downloads + e i Get a Voting Card ‘Ask a Question For help/technic
Slide 7: Carol Schwartz AO, Chair
For personal use only CAROL SCHWARTZ AO CHAIR
Slide 8: Mick O'Brien, Managing Director
For personal use only MICK O'BRIEN MANAGING DIRECTOR
Slide 9: Leadership Team
LEADERSHIP TEAM @ a, MICK O’ BRIEN Managing Director » “ At yy PHILIP GENTRY SHARNI REDENBACH RUSSELL BEASLEY IAN WESTLEY MARK BLAIR Chief Financial Officer, Executive General Executive General Executive General Executive General Chief Operating Officer & Manager, Manager, Manager, Manager, Superann
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Slide 11: FUMAS up 43% to $144.2b
FUMAS UP 43% TO $144.2B @ $b TOTAL EQT FUMAS! 160 140 43% increase in FUMAS principally 43% driven by: 120 7 * Large Superannuation Trustee 100 1010 appointments — especially AMP/Life Resolution and HUB24 80 86.2 85.4 14 * Significant new business activity 60 in Corporate Trustee Services 40 * Posit
Slide 12: FUMAS growth across all businesses
FUMAS GROWTH ACROSS ALL BUSINESSES ® $b STS FUS! $b TWS FUMAS? 40 11 35 10 30 25 ° 20 8 15 7 10 5 6 5 FY19 FY20 FY21 FY19 FY20 FY21 + FUMAS up 200% + FUMAS up 21% * Onboarded AMP Life (owned by Resolution Life), * Growth in new clients HUB24, Centric and Aracon Superannuation funds + Our $3.8b speci
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Slide 14: Consistent performance
CONSISTENT PERFORMANCE $m 105 100 95 90 85 80 75 70 24 22 18 16 $101.0M TOTAL REVENUE 101.0 95.4 92.5 88.5 - a i FYI7 FY18 FY19 FY20 FY21 NET PROFIT AFTER TAX 22.0 22.4 21.2 = 19.7 19.2 15.4 , FY17 FY18 FY19 FY20 FY21 Underlying NPAT? Statutory NPAT ' Underlying EBITDA excludes one off M&A expenses
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For personal use only $m 105 • 7.3 100 101.0 • 95 2.2 95.4 (1.4) 94.0 (0.2) 93.8 90 (1.6) (0.7) • 85 • 80 FY20 Single estate Adjusted Competitive Interest rate Equity marketEquity market Organic FY21 impact on Revenue repricing fees impact on impact on impact on growth FY20 - TWS FY20 on Advice cash
Slide 16: Balance sheet strength provides security and flexibility
BALANCE SHEET STRENGTH PROVIDES SECURITY AND FLEXIBILITY $M FY21 1H21 FY20 Assets Cash and liquid investments 73.9 73.9 80.7 ORFR cash 23.3 23.3 9.0 Trade receivables and accrued income 34.6 31.6 27.5 Goodwill and intangible assets 206.4 207.2 208.4 Other assets 15.7 16.0 17.1 Total assets 353.9 352
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Slide 19: Resilient performance with growth momentum
RESILIENT PERFORMANCE WITH GROWTH MOMENTUM Robust FUMAS growth to $144.2 billion, supported by organic growth and strong equity markets Solid EPS growth on both an underlying and statutory bases Consistent cash conversion Increased dividend after maintaining the same amount in FY20 Sound capital pos
Slide 20: A company founded on trust
A COMPANY FOUNDED ON TRUST ® PURPOSE: HELP PEOPLE TAKE CARE OF THE FUTURE Safeguard people's wealth now and for Provide trustee services to help clients protect generations to come members’ and investors’ interests Act as a trusted, independent partner to grow Empower clients to improve the lives of
Slide 21: Trust is in demand
For personal use only TRUST IS IN DEMAND Increasing demand for an independent fiduciary model following the Royal Commission Changes in ownership of wealth management businesses has increased demand for Australian based provision of trustee (and associated) services COVID-19's impact on financial ma
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Slide 24: Business unit strategies
BUSINESS UNIT STRATEGIES TRUSTEE & WEALTH SERVICES SUPERANNUATION CORPORATE TRUSTEE SERVICES (TWs) TRUSTEE SERVICES (STS) (cTS) BR w t + Achieve leadership in multiple states and more lines of business Enhance client experience Build on presence in for-purpose market Increase participation in interg
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Slide 27: Thank you
THANK YOU ( Ajuo asn jeuosied 10}
Slide 28: Disclaimer
For personal use only EQT Holdings Limited @ ABN 22 607 797 615 Level 1, 575 Bourke Street Melbourne VIC 3000 1300 133 472 www.eqt.com.au Disclaimer The Board has authorised that this document be given to the ASX. EQT Holdings Limited ABN 22 607 797 615. This document was prepared by EQT Holdings Li
Slide 29: AGM 2021 Run Sheet
AGM 2021 RUN SHEET For personal use only SLIDE 1 – ANNUAL GENERAL MEETING When Carol starts speaking change Slide SLIDE 2 – MS CAROL SCHWARTZ AO, CHAIR Shareholders, ladies and gentlemen, good morning. My name is Carol Schwartz; I am the Chair of EQT Holdings Limited. Equity Trustees is committed to
Slide 30: Run sheet: Board of Directors
SLIDE 3 - BOARD OF DIRECTORS I would like to introduce to you my Board colleagues. For personal use only Anne O'Donnell is our longest-serving Director, having joined the Board in September 2010. Anne is a member of the Board Risk Committee, the Board Remuneration, Human Resources and Nominations Co
Slide 31: Run sheet: Agenda
SLIDE 4 - AGENDA This is the agenda for today's meeting. For personal use only I will make some introductory comments. Mick will then update you on the results, our strategy and outlook. We'll then proceed to the formal part of the meeting with several items of business as listed. SLIDE 5 – USING TH
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Along with good governance, the health and wellbeing of our employees has remained a focus for the financial year. Our workforce worked predominantly remotely, and I'm pleased to say that our For personal use only continuous monitoring shows that our employees remain in good health despite the chall
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The company has now delivered a higher dividend in five of the last six years and maintained the dividend in the COVID-impacted 2020 year – an achievement made by very few financial services For personal use only companies. Having a strong personal involvement in Australia's philanthropic sector, it
Slide 34: Run sheet: Mick O'Brien, Managing Director
SLIDE 7 - MICK O'BRIEN, MANAGING DIRECTOR Thank you, Carol. For personal use only Good morning everyone. Can I also pass on my warmest greetings to everyone who is online this morning. SLIDE 8 - LEADERSHIP TEAM Normally I would start by physically introducing the leadership team which I can't do, bu
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A trustee business is built on its people and we need a diverse set of skills and a particular culture to grow and run a successful trustee business and your company certainly has that For personal use only with this team. SLIDE 9 - FINANCIAL PERFORMANCE DRIVEN BY STRONG FUMAS GROWTH Now let me jump
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about 20% for Superannuation. A growing base of funds to supervise is a very healthy sign of future growth. For personal use only You can see the FUMAS grew by 43%, mainly on the back of growth in Superannuation. SLIDE 11 - FUMAS GROWTH ACROSS ALL BUSINESSES Let's look at each part of the business.
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I should note it has been more difficult in London and Dublin, given the lockdown in both locations and the UK regulator, the FCA, has increased its intensity over Authorised For personal use only Corporate Directors. Pleasingly, the busniess has secured some world class investment managers. Revenue
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income fees flowing from lower market dividends. The underlying organic growth rate was a very healthy, 7.3%. For personal use only SLIDE 15 - BALANCE SHEET STRENGTH The balance sheet is in a strong position. Debt to Equity is 3.6%, excluding the cash backed ORFR loans for our superannuation funds.
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volunteer in FY21, I know our employees are really looking forward to increasing this in this financial year. For personal use only SLIDE 17 - OTHER ACHIEVEMENTS I want to touch on some other key achievements. On the People front, I mentioned the care checks were done for our employees and a range o
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Our earnings continue to convert to cash consistently. Shareholders have enjoyed an increase in dividend. For personal use only The balance sheet is in good shape and provides us flexibility. We continue to deepen our impact on the community and have again delivered to all our shareholders. SLIDE 19
Slide 41: Run sheet: Leader in independent trustee services
SLIDE 21 - EQUITY TRUSTEES IS A LEADER IN THE PROVISION OF INDEPENDENT TRUSTEE SERVICES For personal use only Equity Trustees is well positioned as the largest, specialist, independent trustee. We have three clear business lines. In Trustee Wealth Services, we oversee just on $10bn, have a leading p
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2. Continue focus to on client service and care and leverage technology to improve the client experience. For personal use only 3. Resource our business with capability. This is critical for Equity Trustees to have the best people in their respective disciplines and finally, 4. We take seriously, th
Slide 43: Run sheet: Business update
SLIDE 24 - BUSINESS UPDATE I now want to give a quick update on the business's progress since we last updated For personal use only shareholders in August. In Trustee & Wealth Services we are currently streamlining our delivery of trustee and advice services to our Health and Personal Injury clients
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to the offices in various locations around Australia and the world. The employment market has tightened somewhat in recent months; however we are continuing to build capability For personal use only while managing turnover. There has been some pressure on remuneration and we’ve been very conscious o
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the Board for all their support through the course of the year, and particularly for Carol's seamless accession to the Chair. For personal use only More than ever this year, I have felt extremely privileged to be able to look after our clients and be able to contribute to the community in these toug