Prime Financial Group Limited · ASX:PFG
Prime Financial — Shareholder Meeting (November 2011)
20 slides from Prime Financial's shareholder meeting presentation, Nov 25, 2011
Slide 1: ASX cover note: AGM presentation
South Yarra Office Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 25 November 2011 For personal use only enquiries@primefinancial.com.au www.primefinancial.com.au In accordance with the requirements of the ASX Listing Rules, Prime Fin
Slide 2: 2011 Annual General Meeting Chairman's Address
South Yarra Office Level 17, Como Office Tower 644 Chapel Street PO Box 6105 South Yarra VIC 3141 Tel 03 9827 6999 Fax 03 9827 9100 For personal use only 25 November 2011 enquiries@primefinancial.com.au www.primefinancial.com.au 2011 ANNUAL GENERAL MEETING CHAIRMANS ADDRESS Introduction Good morning
Slide 3: Chairman's Address: dividend and outlook
The Directors are pleased to have paid a final dividend for 2011 of 0.75 cents per share, which when added to the interim dividend of 0.75 cents per share, brings the full year 2011 dividend to 1.5 cents per share. This equates to a dividend payout ratio of 62.5% which is slightly higher than our ta
Slide 4: Annual General Meeting
Annual General Meeting For personal use only 25 November 2011 Integrated Wealth Management
Slide 5: Welcome
Welcome For personal use only Directors: Stuart James - Chairman Simon Madder - Managing Director/CEO Stephen Bennett - Non Executive Director Peter Madder - Executive Director Company Secretary: Campbell Kennedy Auditors: William Buck Audit (VIC) Pty Ltd Share Registry: Comput
Slide 6: Agenda
Agenda For personal use only Chairman's Address – Stuart James Managing Director/CEO's Report – Simon Madder Business of the Meeting
Slide 7: Managing Director/CEO's Report
Managing Director/CEO's Report For personal use only Simon Madder Integrated Wealth Management
Slide 8: Prime Financial Group Ltd – Positioning
Prime Financial Group Ltd – Positioning For personal use only What do we do? Provide Integrated Wealth Management Services Financial Planning Investment Advice Asset Protection & Life Insurance Superannuation including Self Managed Superannuation, and Accounting Services To whom do w
Slide 9: Prime Financial Group Ltd – Positioning cont
Prime Financial Group Ltd – Positioning… cont For personal use only How do we access Through our Accounting Firm Equity Partners & Accounting new clients Investees 40,000+ Accounting Clients to access for Wealth Management Why are we Independent Operating Model, providing Personalised Serv
Slide 10: Structure Chart
Structure Chart For personal use only Prime Financial Group Ltd Wealth Management Accounting Services 100% Equity $1B+ FUM and over 4,000 clients Carroll, Pike & Piercy Primestock Securities Pty Ltd Ltd Up to 50% Equity 50% Equity 30 Wealth Management Entities jointly owned 7 Accounting Firms with A
Slide 11: Summary Full Year Results
Summary Full Year Results For personal use only Financial FY10 FY11 % Change Earnings Before Interest & Tax (EBIT) ($M) 5.36 5.50 + 3% Net Profit After Tax (NPAT) ($M) 3.66 3.84 + 5% Basic & Diluted Earnings (cents per share) 2.3 2.4 + 4% Dividend Paid & Proposed (cents per share) 1.5 1.5 0% (fully
Slide 12: Summary Profit & Loss
Summary Profit & Loss For personal use only Annual FY10 1H11 2H11 FY11 % Change Wealth Management – New Business Income ($M) 3.31 1.63 1.37 3.00 - 9% Wealth Management – Recurring Income ($M) 7.35 3.66 3.59 7.25 - 1% Total Wealth Management Income ($M) 10.66 5.29 4.96 10.25 - 4% Accounting Services
Slide 13: FY2011 Results Summary
FY2011 Results Summary For personal use only Wealth Management Total Wealth Management Income is down 4% despite an overall increase in FUM and Asset Protection & Life Insurance for FY11. This is principally due to: Lower transactional income (Investment Brokerage and New Issues & IPO's) Lower
Slide 14: Key Metric – New Business
Key Metric – New Business For personal use only Introduction New Leads (monthly average) 60 Prime has updated our new client tracking 51 system to a real time IT program (SalesForce). 50 43 It tracks new leads, work in progress and client 40 31 FY10 completions 30 1H11 20 This is a valuable tool
Slide 15: Proposed Changes To The Financial Services Industry (FoFA)
Proposed Changes To The Financial Services Industry (FoFA) For personal use only Proposed changes in the current form will not materially impact Prime or its current business model, there is however potential for an increased administration burden in the future For 80%+ of Prime's FUM, clients r
Slide 16: FY2012 Targets & Longer Term
FY2012 Targets & Longer Term For personal use only FY2012 Continue to work on and improve key indicators within the business that drive earnings: New FUM of $80.0M - $100.0M + for year FUM Annualised Net Margin at or around 1.00% Build on existing service lines & rollout new service offering
Slide 17: Business of Meeting Agenda
Business of Meeting Agenda For personal use only Business of the Meeting Consideration of Financial Statements Note: There is no requirement for shareholders to approve these statements Adoption of the Remuneration Report Re-Election of Director - Stuart James
Slide 18: Adoption of Remuneration Report
Adoption of Remuneration Report Resolution 1 For personal use only To consider and, if thought fit, to pass (with or without modification) the following as a non-binding ordinary resolution: “That the Remuneration Report for the year ended 30 June 2011 forming part of the Director's Report be adop
Slide 19: Re-Election of Director
Re-Election of Director For personal use only Resolution 2 : Re-Election of Director – Mr. Stuart James To consider and, if thought fit, to pass (with or without modification) the following as an ordinary resolution: “That Mr. Stuart James, a Director retiring by rotation in accordance with the Co
Slide 20: Thank you
For personal use only Thank you Integrated Wealth Management
Prime Financial Group — Shareholder Meeting (November 2011) on 6ix