Praemium Ltd · ASX:PPS
Praemium — Investor Day (November 2024)
46 slides from Praemium's investor day presentation, Nov 6, 2024
Slide 1: FY2025 Investor Forum Presentation
FY2025 Investor Forum Presentation ASX Release: 6 November 2024, Melbourne Praemium Limited (ASX:PPS) attaches the presentation for the upcoming FY2025 Investor Forum being held from 2.30pm today, Wednesday 6 November 2024. For virtual attendance via Microsoft Teams, please pre-register using the li
Slide 2: Investor Forum 6th November 2024
For personal use only Investor Forum 6th November 2024 Presented by Praemium Executive Leadership Praemium Limited ACN 098 405 826
Slide 3: Acknowledgement of Traditional Custodians
For personal use only At Praemium we acknowledge the Traditional Custodians of Country. We pay our respect to their Elders past and present.
Slide 4: Disclaimer
Disclaimer For personal use only The material contained in this document is a presentation of general information about the Praemium Group’s activities current as at the date of this presentation (6 November 2024) and is supplementary to the Group’s previous ASX filings as applicable. It is provided
Slide 5: Agenda
Agenda For personal use only Strategy Spectrum Technology Risk & OneVue & Governance Superannuation Denis Orrock James Edmonds Richard Large Lorna Stewart Brett Marsh Chief Strategy Officer Chief Operating Officer Chief Technology Officer Chief Risk and Corporate Head of OneVue Integration Operation
Slide 6: Introductions: Denis Orrock
Introductions For personal use only Denis Orrock Chief Strategy Officer 5
Slide 7: Our 3-year strategy
For personal use only Our 3-year strategy Growth through client satisfaction
Slide 8: Sophisticated Wealth.
For personal use only Sophisticated Wealth.
Slide 9: This market is BIG, needs advice and is willing to pay for it
This market is BIG, needs advice and is willing to pay for it… For personal use only Average value of investible assets by HNW segment in Australia $42m $3.2 trillion $17m This is our core business area that is also incredibly attractive The Private Wealth market IS our market $8m $4m $2m *Excludes
Slide 10: And with less advisers, platforms empower advisers to grow
And with less advisers, platforms empower advisers to grow For personal use only 28,000 Advisers in 2019 -45% 15,500 1.02m 68% Adviser today of HNW advisers place HNW investors HIGH IMPORTANCE on in Australia reporting platforms CoreData Money Management and IFA data 9
Slide 11: HNW advisers are driving the future of wealth management
HNW advisers are driving the future of wealth management For personal use only 1 3in 2x 73% Double the number of HNW advisers HNW-focused advisers see of advisers see technology manage non-custodial access to a broad range of as key to achieving growth assets assets as growing in over the next 5 yea
Slide 12: Advisers need technology
Advisers need technology Especially as they enter an expanded product set (alternative assets) For personal use only Expected Products In Future (By Practice*) Non HNW-focused HNW-focused advisers advisers Exchange traded funds (ETFs) 79% 75% $6.0b Alternative Assets 69% 34% ESG-related products 33%
Slide 13: Praemium is perfectly placed
Praemium is perfectly placed For personal use only New Operating Service Uplift CoreData Launch of Model Review research Spectrum Marketing Refreshed for Sophisticated Wealth
Slide 14: Our ambition
Our ambition To be the leading For personal use only Dominate the non- platform for HNW ▶ advice custodial market ▶ Platform of choice for sophisticated custodial ▶ Leader in the back- office broker space
Slide 15: How we will win
How we will win Praemium differentiators For personal use only Service excellence Solution focused ▶ Clear, client-centric service focused on ▶ Crafting solutions which are unique to outcomes (white glove experience). the needs of the HNW/ UHNW and Family Office market. ▶ Provide proactive service –
Slide 16: Introductions: James Edmonds
Introductions For personal use only James Edmonds Chief Operating Officer 15
Slide 17: Spectrum
For personal use only Spectrum
Slide 18: Product highlights
Product highlights For personal use only ▶ Tailored solutions for A new standard in HNW advice sophisticated clients ▶ Maximise efficiency with Limited Power Of Attorney ▶ Integrated portfolio management ▶ Streamlined information access
Slide 19: Product benefits
Product benefits For personal use only Sophisticated solution for ▶ Breadth of investment access sophisticated investor needs ▶ Superior trading and execution support ▶ Efficient HIN administration ▶ Multi-currency capability
Slide 20: The ultimate HNW solution
The ultimate HNW solution For personal use only We support whatever investment strategy you want to create & provide the trading & execution, administration and reporting to implement it.
Slide 21: Unrivalled access to alternative assets
Unrivalled access to alternative assets For personal use only $ 6.0b FUA in alternative assets held with 20 % Annualised growth in alternatives 2,324 Assets available in Praemium’s Praemium | Approx 11% total FUA on Praemium alternative asset universe Source: Praemium 30 September 2024
Slide 22: Total wealth view
Total wealth view Market-leading reporting For personal use only Comprehensive tax, performance and valuation reporting encompassing custody and non-custody assets.
Slide 23: Questions
For personal use only Questions
Slide 24: Introductions: Richard Large
Introductions For personal use only Richard Large Chief Technology Officer 23
Slide 25: Technology
For personal use only Technology
Slide 26: Technology core to our client offering
Technology core to our client offering For personal use only Proprietary Technology Client-Centric Solutions We build it, we own it and we run it. Strive to solve client problems and enhance our core offering. Praemium Portfolio Reconstruction Technology Agility At the heart of Teams optimised to pr
Slide 27: Technology foundations
Technology foundations Focus & enhance For personal use only In addition to building Spectrum and integrating the OneVue business… Technology Infrastructure Reporting Integrations / Data Science / Operating Refresh Experience Data AI Model
Slide 28: IT operating model review
IT operating model review For personal use only Review Results 1. How do we set our teams up for ▶ Delivery teams more self- maximum efficiency and success? sufficient. 2. Aim to improve quality and productivity. ▶ Technical capability uplift. 3. Alignment with industry best practice. ▶ Recruited ex
Slide 29: Infrastructure strategy
Infrastructure strategy Next-gen infrastructure uplift For personal use only Cloud Refresh Leverages newest technologies offered in the Azure landscape to maximise performance and stability and minimise disruptions and cost. Automation Security Performance Driving forward performance enhancements in
Slide 30: The most comprehensive report solution in the market
The most comprehensive report solution in the market For personal use only 4.5m reports generated annually On-demand adviser reporting, made simple Reporting uplift Standard or custom report packs for single or multi-portfolio structures at a click of a button. ▶ An initiative to review and enhance
Slide 31: Driving innovation through market-leading integrations
Driving innovation Through market-leading integrations For personal use only 300+ APIs 130+ Imports Outbound feeds Export Centre Market-leading API Extensive range of Exporting over 10k EPI Engineered to enhance suite allowing our clients feeds from banks, local feeds a week for clients, portfolio a
Slide 32: Data science and AI
Data science and AI Adoption is accelerating across key areas For personal use only Service and Support Piloting the use of AI in our service area to better understand customer sentiment, enhance quality, and reduce support agent training times to better support advisers. AI- ready cybersecurity and
Slide 33: Introductions: Lorna Stewart
Introductions For personal use only Lorna Stewart Chief Risk and Corporate OperationsOfficer 32
Slide 34: Risk & Governance
For personal use only Risk & Governance
Slide 35: Purpose and Vision
Purpose and Vision For personal use only ▶ Purpose ▶ Vision An enabling function who supports the business to Collaborative partnership with the business and achieve their operational and strategic goals in a proactively involved in business outcomes as part safe and compliant manner to achieve outc
Slide 36: Value add journey
Value add journey For personal use only Operating Governance, Risk & Insights and ESG Focus Assurance Model Compliance Business Partnering Enhancement
Slide 37: Key risk focus areas
Key risk focus areas For personal use only Key Risk Focus Areas Managing the risks Strategic risk • Board and executive oversight of strategy, monitoring of market trends and competition. • Dedicated project management team. • Tracking of sales growth and risks provided regularly to the Board and ex
Slide 38: Introductions: Brett Marsh
Introductions For personal use only Brett Marsh Head of OneVue Integration 37
Slide 39: OneVue Integration
For personal use only OneVue Integration
Slide 40: Introduction
Introduction For personal use only Why OneVue? Integration ▶ Tapped into Praemium’s target ▶ Analysis and Assessment market ▶ Building ▶ High quality client base ▶ Client Migration ▶ Staff bring incremental core capability ▶ Decommissioning ▶ Synergies on offer
Slide 41: Process of migration
Process of migration Keys to a successful client migration For personal use only Clients Staff Product readiness Client migration ▶ All clients have ▶ BAU is healthy. ▶ Gap identification. ▶ Operational been engaged. readiness. ▶ Involvement in ▶ Build for key ▶ Future state transition items. ▶ Clie
Slide 42: Status
Status For personal use only Goals Status ▶ Maintain existing profitability Tracking ▶ Transition Cost Management Tracking ▶ Timeframe Tracking ▶ Synergies Tracking
Slide 43: Superannuation
For personal use only Superannuation
Slide 44: Superannuation
Superannuation For personal use only Market Status $4bn existing FUA in Praemium ▶ Fund Consolidation. Super SMA. ▶ Emergence of mega funds. Workflow and process improvements. ▶ Smaller funds with differentiation. ▶ Next: Holistic review of the end- to-end adviser and member some smaller funds h
Slide 45: Questions
For personal use only Questions
Slide 46: Sophisticated Wealth
For personal use only Sophisticated Wealth