Euroz Hartleys Group Limited · ASX:EZL
Euroz Hartleys — Euroz — Shareholder Meeting (November 2007)
14 slides from Euroz Hartleys's shareholder meeting presentation, Nov 27, 2007
Slide 1: AGM Investor Presentation
AGM Investor Presentation For personal use only November 2007
Slide 2: Group Structure
Group Structure For personal use only Euroz Limited is a Western Australian focused specialist financial services company with a consistent track record of strong shareholder returns 2
Slide 3: Capital Structure
Capital Structure For personal use only Shares on issue 64,000,000 Market Cap @$5.00 $320m *NTA (investments at market/post tax/ex div) $1.53/share ($98m) LISTING CODE: EZL * As at 31/10/07 3
Slide 4: Financial Year Highlights
Financial Year Highlights For personal use only Record profitability (NPAT) 32% Record Dividend (DPS) 43% NTA $98m* 100% $5 billion in ASX turnover 22% Raised over $780 million in new capital 30% Westoz Investment Company (FUM $150m) performance of 85% to 30/6/07 from inception** * As at
Slide 5: Profit History
Profit History For personal use only 1H PBT 2H PBT NPAT 35.0 30.0 25.0 20.0 $m 15.0 10.0 5.0 0.0 FY'01 FY'02 FY'03 FY'04 FY'05 FY'06 FY'07 Year End Record Profitability in 2006/07 - Total NPAT of $57m generated in 7 years 5
Slide 6: Dividend and Earnings History
Dividend and Earnings History For personal use only 1H Dividend per Share 2H Dividend per Share Earnings Per Share 50.0 45.0 40.0 35.0 30.0 $m 25.0 20.0 15.0 10.0 5.0 0.0 FY'01 FY'02 FY'03 FY'04 FY'05 FY'06 FY'07 Year End Paid $44.6m in fully franked dividends in 7 years 6
Slide 7: Employee Profitability
Employee Profitability For personal use only Net profit per Number of staff staff member $500,000 60 $450,000 50 $400,000 $350,000 40 Net p ro fit p er em p lo yee Nu m b er o f E m p lo yees $300,000 $250,000 30 $200,000 20 $150,000 $100,000 10 $50,000 $0 0 2001 2002 2003 2004 2005 2006 2007 Year R
Slide 8: Euroz Securities Limited - Capital Raised
Euroz Securities Limited For personal use only - Capital Raised Capital Raised Thomson Credit $900 (m) $780 $800 $700 $606 $564 $556 $600 $547 $500 $350 $448 $400 $300 $269 $143 $119 $295 $200 $54 $100 $44 $77 $45 $0 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY 2008 (YTD) Strong deal flow rem
Slide 9: Euroz Securities Limited - Capital Raised
Euroz Securities Limited - Capital Raised For personal use only Beach Petroleum Mineral Deposits Southern Cross placements/ right issue placements Initial public offering A major provider of new equity $457 million $243.75 million $58.8 million capital in the WA Capital Market Lead Manager Co-Mana
Slide 10: Westoz Funds Management
Westoz Funds Management For personal use only A significant long term growth initiative for Euroz Limited Focus on investment opportunities sourced out of Western Australia Excellent 2½ year returns for Westoz Investment Company (WIC) Launch of New ASX Listed IPO – Ozgrowth Limited Westoz
Slide 11: Westoz Investment Company Highlights
Westoz Investment Company For personal use only Highlights FUM now $180m (up from $92m 30/06/06) 44% gross returns for the 06/07 year Declared final dividend of 5 cents per share (fully franked) Euroz Limited owns 14.6% at a cost of $17.8m (Market Value $22.8 million) Approximately 800 sha
Slide 12: Westoz Investment Company
Westoz Investment Company For personal use only WIC Performance WIC ; NTA and Return • Portfolio return, pre tax and fees, 170 140% up 127% since inception: 160 120% 150 100% FY 06 FY 07 4 mths to Oct 07 31% 44% 20% 140 80% 130 60% • NTA has increased from $1.00 120 40% per share to $1.50 after full
Slide 13: Industry Trends/Outlook
Industry Trends/Outlook For personal use only Superannuation driven liquidity to continue Merger and Acquisition/Private Equity activity to become more discerning Slowing US economy/credit market risks = more realistic valuations and expectations WA economy to continue to outperform but at a slower
Slide 14: Investment Summary
Investment Summary For personal use only Market Capitalisation increased to $320m Strong Balance Sheet - $98m cash/investments* Consistent track record of profits First half this year will exceed first half last year Euroz Securities deal flow and market shares a key driver for the Group