Meitav Investments House Ltd · TASE:MTAV
Meitav Investments House — Meitav Dash Investments — Investor Presentation (November 2020)
22 slides from Meitav Investments House's investor presentation, November 2020
Slide 1: Meitav Dash Investments LTD Investors Presentation
Meitav Dash Investments LTD Investors Presentation MEITAV DASH
Slide 2: Disclaimer
Disclaimer • The following presentation was prepared by Meitav Dash Investments Ltd. (hereinafter: the “Company”) and is intended for institutional investors only. This presentation does not comprise an opinion, suggestion, recommendation or purchase consultation / marketing and / or holding and / o
Slide 3: I.D. Meitav Dash
I.D. Meitav Dash Experience, professionalism and fairness Shareholders Market Value have been leading us for over 40 years. Equity 909 972 Our goal is to provide quality service and invest the savings and finances of over a million customers in a responsible and NIS Million NIS Million transparent m
Slide 4: Range of Products and Services
Range of Products and Services Specialize in Investment Management & Trading Short Term Savings Mutual Funds Tracking Funds ETFs Portfolio Management Long Term Savings Provident Funds Study Funds Pension Funds Trade & Brokerage Retail Brokerage Institutional Brokerage 4
Slide 5: AUM
AUM Portfolio Provident Management Funds, Study 27.7 Funds and Pension Funds 57.8 Mutual Funds 140.2 27.1 NIS Billion ETFs & Tracking Funds 27.6 As at 16/11/2020 5
Slide 6: Meitav Dash Trade
Meitav Dash Trade • More than 90% of securities traders in Israel still transact through the banks' trading systems. • The "coronavirus period" dramatically increased securities trading activity in Israel and worldwide • Growth of 300% in new customers joining Meitav Dash Trade compared to the same
Slide 7: Range of Products and Services
Range of Products and Services Expanding in Credit SME First Lien Credit Consumer Credit SME Credit in Israel in Israel in Ireland Create Value in Alternative Investments & Fintech 7
Slide 8: Moving Forward
Moving Forward Continued growth in Asset Management Development of the Retail Brokerage activity as a growth engine Creation of value from Alternative Investments and Fintech Expansion of Credit Activity in Israel and Ireland 8
Slide 9: Selected Financial Data Q3 2020
Selected Financial Data Q3 2020 Normalized EBITDA Revenues SME SME Credit - Credit- Other Peninsula Other Peninsula 22% 7% 13% 7% Long Term 81 233 Savings (LTS) Trade & 21% Brokerage Long Term 14% Savings (LTS) Trade & 32% Brokerage 13% NIS Million NIS Million Short Term Short Term Savings Savings (
Slide 10: Selected Financial Data
Selected Financial Data Q3 Q2 Q1 Q4 Q3 2020 2020 2020 2019 2019 Revenues* 233 233 239 232 223 Expenses 171 169 184 191 173 EBITDA 80 78 70 56 65 Normalized EBITDA 81 82 71 65 67 Profit for the period 32 30 13 14 27 Profit attributed to the shareholders 29 27 9 8 22 EBITDA Q3 2020 Profit before tax 4
Slide 11: Segment Analysis
Segment Analysis 2020 MEITAV DASH
Slide 12: Long-Term Savings (LTS)
Long-Term Savings (LTS) AUM Market Share 7.8% Provident Funds 21.7 Study Funds 20.9 56.0 NIS Billion Pension Funds 13.4 As at 30/09/2020, in NIS Billion Q3 Q2 Q3 • 2020 - Leading yields in study funds, provident funds 2020 2020 2019 2019 and pension funds AUM in NIS Billion 56.0 54.2 55.4 57.2 • Ann
Slide 13: Short-Term Savings (STS)
Short-Term Savings (STS) AUM AUM Mutual Funds Portfolio Management 52.3 20.5 Traditional Mutual 26.1 Funds ETFs & Tracking Funds 26.2 NIS Billion NIS Billion As at 30/09/2020 Q3 Q2 Q3 2019 2020 2020 2019 • The largest Mutual Fund company in Israel with wide range of products including traditional mu
Slide 14: Trade & Brokerage
Trade & Brokerage Client Assets Of the trading 17.4 8% turnover in shares and bonds on the Tel Aviv Stock NIS Billion Exchange As at 30/09/2020 • The leading non-bank TASE member Q3 Q2 Q3 2019 2020 2020 2019 • Over 30,000 retail customers Revenue 33 41 24 104 • Advanced trading system and mobile app
Slide 15: Peninsula - SME Credit
Peninsula - SME Credit 21.2 Credit portfolio of NIS 920 million* 16.7 15.7 14.2 41.5% 27.5% 12.9 38.2% 9.5 33.8% 8.8 Net 32.5% income/ 21.1% 6.0 Revenue 4.8 4.6 4.2 2.0 Revenue Net Profit Q3- 2015 Q3- 2016 Q3- 2017 Q3- 2018 Q3- 2019 Q3- 2020 *As at 17/11/2020 15
Slide 16: Peninsula - SME Credit
Peninsula - SME Credit Expected income due to the acquisition of the Union Bank diamond credit portfolio Forecast income in the coming years* (in NIS thousands) 2020 2021 2022 2023 2024 2025 2026 Q4 Q1 Q2 Q3 Q4 :Total 57,837 22,731 10,379 5,097 3,688 9,270 3,204 728 501 287 113,722 The table above r
Slide 17: Alternative Investments
Alternative Investments Liquidity is a fintech company that has In early August 2020, Liquidity entered into a In October 2020 ,the leading venture capital developed advanced systems for transaction with MUFG Bank of the Mitsubishi fund Spark Capital and MUFG Invested in continuous underwriting of t
Slide 18: Alternative Investments
Alternative Investments Pagaya Specializes in retail credit in the US using a unique technology Reigo Specializes in acquiring collateralized loans for the purchase of US real estate using a unique big data algorithm to minimize risk Emerald Specializes in providing credit backed by a first lien for
Slide 19: Financial Statements
Financial Statements 2026 MEITAV DASH
Slide 20: Balance Sheet (In NIS Million)
Balance Sheet (In NIS Million) As at As at As at As at 30/09/2020 31/12/2019 30/09/2020 31/12/2019 Cash and short-term Credit from banks and others 529 667 810 570 investments Other current assets 952 988 Liabilities for short sale of securities 81 48 Total current assets 1,762 1,558 Trade and other
Slide 21: Profit and Loss (In NIS Million)
Profit and Loss (In NIS Million) Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 2019 Revenue from management fees, commissions and other 208 208 224 212 206 844 Revenue from Peninsula 16 18 23 21 21 81 Total revenue 224 226 247 233 227 925 General and administrative expenses, marketing, sales, and financin
Slide 22: Contact details
Champion Tower, 30 Sheshet Hayamim St. , Bnei Brak, Israel Phone: 972-3-7903000 Fax: 972-3-7778001 www.meitavdash.co.il
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