Praemium Ltd · ASX:PPS

Praemium — H1 2013 Earnings Presentation

14 slides from Praemium's earnings presentation, Feb 18, 2013

  1. Slide 1: FY2013 Half-Year Results Presentation

    For personal use only Praemium Limited FY2013 Half-Year Results Presentation Michael Ohanessian (CEO) – 18 February 2013

  2. Slide 2: 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 (18 February 2013). It is provided in summary and does not purport to be complete. You should not rely u

  3. Slide 3: Key Financial Highlights—1H, FY2013

    Key Financial Highlights—1H, FY2013 For personal use only Funds under Administration • UK SMA to £0.43 billion, up 32% on pcp • Australia SMA to A$0.70 billion, up 43% on pcp Revenue • Underlying UK revenue to $1.1 million, up 58% on pcp • Australia revenue to $5.4 million, up 2% on pcp EBIT • UK EB

  4. Slide 4: Financial summary

    Financial summary For personal use only Praemium Group H1 FY13 H1 FY12 Change Change $’000 $’000 $’000 % Revenue & other income 7,754 5,992 1,762 29% Expenses 8,013 8,846 (833) (9%) EBITDA (259) (2,854) 2,595 91% Net Loss after Tax (347) (3,263) 2,916 89% Cash at Reporting Date 8,258 5,046 3,212 64%

  5. Slide 5: Divisional breakdown

    Divisional breakdown For personal use only AUS UK Asia Corporate Group Group Praemium Group H1 FY13 H1 FY13 H1 FY13 H1 FY13 H1 FY13 H1 FY12 $ million Revenue 5.4 2.3 - 7.7 6.0 Employee Expenses (2.7) (2.3) (0.1) (0.1) (5.2) (5.0) Operating Expenses (1.2) (0.8) (0.1) (0.3) (2.4) (2.7) Total Expenses

  6. Slide 6: Underlying revenue growth

    Underlying revenue growth For personal use only 4.00 Recurring revenue 3.50 ($m) 3.00 2.50 Asia 2.00 UK AUS 1.50 1.00 0.50 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY2011 FY2012 FY2013 5

  7. Slide 7: Underlying earnings

    Underlying earnings For personal use only Underlying EBIT ($m) - (1.0) (2.0) (3.0) (4.0) (5.0) H1 FY11 H2 FY11 H1 FY12 H2 FY12 H1 FY13 In the December Half we have made targeted investments in:  Supporting growth opportunities in Australia and the UK  Integrating CPS and WealthCraft acquisitions E

  8. Slide 8: Tight cash management in 2012-13

    Tight cash management in 2012-13 For personal use only 500 Quarterly Operating Cashflow ($000) - (500) (1,000) (1,500) (2,000) (2,500) (3,000) Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Cash at December $8.3 million 7

  9. Slide 9: Key achievements for the Half

    Key achievements for the Half For personal use only July 2012 Jersey-based Praemium International operational September 2012 Acquired WealthCraft October 2012 Raised $4.2 million in equity December 2012 Acquired the Customised Portfolio Service business from BlackRock 8

  10. Slide 10: Praemium International now operational

    Praemium International now operational For personal use only In the December Half we:  Opened a new office in St Helier, Jersey  Appointed a local Managing Director and Head of Governance  Went live with clients from the UK, Europe, the Channel Islands and the Middle East  Received considerable

  11. Slide 11: WealthCraft Acquisition

    WealthCraft Acquisition For personal use only Acquisition completed in September 2012  CRM and financial planning tool system supplier to the financial services industry based in Hong Kong with an operational office in Shenzhen  Wealthcraft targets the same client base (English-speaking expats) as

  12. Slide 12: Capital Raising

    Capital Raising For personal use only Completed $4.4 million capital raising  $1.9 million private placement  $2.3 million fully underwritten Rights Issue  Strengthens balance sheet to meet future regulatory capital requirements relating to Praemium Australia becoming the Responsible Entity of th

  13. Slide 13: Acquisition of the CPS business

    Acquisition of the CPS business For personal use only Successful vote by investors in Australia’s #1 SMA service  98% of members voted in favour of the change in Responsible Entity  Also strong support from dealer groups, margin loan providers and investment managers Transition of the Scheme compl

  14. Slide 14: A Transformational Period

    A Transformational Period For personal use only Completed two important bolt-on acquisitions  WealthCraft adds CRM tools to our leading portfolio services  We become the Operator of Australia’s market-leading SMA Created a truly global world-class SMA operator  Australia, UK and International ex-

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