MA Financial Group Limited (MAF) Q4 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by, and welcome to the MA Financial Group FY22 Result Briefing. I would now like to turn the call over to Julian Biggins, Joint Chief Executive Officer. Please go ahead. Thank you, and good morning, and welcome to the FY22 Full Year Result for MA Financial Group. My name is Julian Biggins, Joint CEO of MA Financial Group. I'm joined here today by my fellow joint CEO, Chris Wike. Also in the room for today's conference call is Brian Lello, Chief Financial Officer, and Michael Lennon, Head of Investor Relations. Before we commence this morning, I'd like to acknowledge the traditional owners of the land and pay our respects to elders past and present. I'm pleased to report another record result today, building on last year's momentum and performance. I'll now turn to slide seven and some of the key highlights. Our key financial statistics have all grown significantly over the period. At the group level, underlying revenue exceeded $300 million for the first time, up 41% on the prior period. Underlying earnings per share is up 29% to $0.383, and this underpins an 18% increase in fully franked dividends to $0.20 per share. Over the last two years, the group has increased underlying earnings by 60%, Our dividend has doubled from $0.10 to $0.20 per share. Our divisional metrics were also strong with AUM up 13% to $7.8 billion underpinned by record growth inflows at $1.5 billion. The strength of these flows is obviously very pleasing when considered against the variable market conditions and demonstrates the strength of our diversified alternative asset offering and our unique distribution channel. Residential and specialty loans doubled as we continue to benefit from the relationship between our credit investing and lending and t...