Perpetual Limited · ASX:PPT

Perpetual — Perpetual Trustees Australia — Shareholder Meeting (October 2004)

23 slides from Perpetual's shareholder meeting presentation, Oct 19, 2004

  1. Slide 1: Perpetual Trustees Australia Limited Annual General Meeting

    Perpetual Trustees Australia Limited Annual General Meeting 19 October 2004

  2. Slide 2: Mr. Charles Curran AO, Chairman

    Mr. Charles Curran AO Chairman

  3. Slide 3: Track record of continued profit growth

    Track record of continued profit growth Operating Profit After Tax $100M 88.2 80 68.2 60 58.7 40.7 40 30.7 20 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 *Calculated using operating profit after tax (excluding gains on investment) 2

  4. Slide 4: Track record of dividend growth

    Track record of dividend growth Dividend per share 200 200¢ 180 Special Dividend 160 150 150 130 100 110 Normal 85 Dividends 65 50 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 3

  5. Slide 5: Future dividend policy

    Future dividend policy Future dividend policy • Strong cash generation Ordinary dividends of • Low capital expenditure 90% of NPAT before goodwill • Substantial franking credits amortisation and gains / losses on investments, High dividend pay-out ratio fully franked 4

  6. Slide 6: Additional $2.00 special dividend in 2004

    Additional $2.00 special dividend in 2004 Dividend per share $4.00 in dividends for 2004 200 200 200¢ 180 Special 160 Dividend 150 150 130 Ordinary Special 100 110 Dividend Dividend 85 65 50 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 Sep 04 5

  7. Slide 7: Mr. David Deverall, Managing Director

    Mr. David Deverall Managing Director

  8. Slide 8: A good result in 2004

    A good result in 2004 Operating Profit after Tax* EBITDA $100M $150M 143.6 88.2 80 113.6 68.2 100 60 40 50 20 0 0 Jun 03 Jun 04 Jun 03 Jun 04 *Calculated using operating profit after tax (excluding gains on investment) 7

  9. Slide 9: Strong growth in Wealth Management

    Strong growth in Wealth Management Revenues EBITDA $250M 245.8 $125M 115.4 223.6 200 100 91.6 150 75 100 50 50 25 0 0 Jun 03 Jun 04 Jun 03 Jun 04 8

  10. Slide 10: Perpetual Investments: Funds under management up 25%

    Perpetual Investments: Funds under management up 25% FUM Balance ($B) $25B 21.7 20 19.4 17.4 15.6 15 11.6 10 5 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 9

  11. Slide 11: Performance well recognised by the market

    Performance well recognised by the market Money Management / • Fund Manager of the Year 2004 ASSIRT Awards • Australian Equities Fund Manager of the Year 2004 • Fund Manager of the Year 2003 Morningstar Awards • Australian Equities Fund Manager of the Year 2003 • Australian Multi-Sector Fund Manager

  12. Slide 12: Funds Under Advice growing

    Funds Under Advice growing Private Clients Wilson Dilworth Funds Under Advice Funds Under Advice $6B $1.50B 5.5 5 4.7 1.25 1.1 1.0 4 1.00 3 0.75 2 0.50 1 0.25 0 0.00 Jun 03 Jun 04 Jun 03 Jun 04 11

  13. Slide 13: Steady growth in Corporate Trust

    Steady growth in Corporate Trust Revenues EBITDA $50M 49.4 $30M 44.2 25.9 25 23.6 40 20 30 15 20 10 10 5 0 0 Jun 03 Jun 04 Jun 03 Jun 04 12

  14. Slide 14: Corporate Trust Funds under administration growing

    Corporate Trust Funds under administration growing Funds Under Administration $125B 112.4 100 Preliminary Funding 87.1 86.3 75 71.2 50 Securitisation 25 0 Jun 03 Jun 04 13

  15. Slide 15: Strong growth in ASX Perpetual Registrars Ltd

    Strong growth in ASX Perpetual Registrars Ltd Revenues EBITDA $60M $20M 53.6 48.9 15.3 15 40 12.1 10 20 5 0 0 Jun 03 Jun 04 Jun 03 Jun 04 14

  16. Slide 16: Our new Strategy

    Our new Strategy Focus on our 4 sources of I. Develop a more II. Develop new competitive balanced portfolio growth engines advantage III. Fully engage the staff to deliver our strategy 15

  17. Slide 17: I. Develop a more balanced portfolio

    I. Develop a more balanced portfolio • Integrated PFS and PI businesses to create the Wealth Management division • Full potential from Advice businesses • Broaden range of funds management products • Trust industry opportunities 16

  18. Slide 18: II. Develop new growth engines

    II. Develop new growth engines • Build capability in new investment skill sets –Global equities business based in Dublin 17

  19. Slide 19: Global equities presents a significant opportunity for Perpetual

    Global equities presents a significant opportunity for Perpetual Global equities is a very large market… …with growing market share in Australia Global Equity Australian asset allocation in FUM (USD) Global equities (% of total) $2,000B 25 1,500 20 15 1,000 10 500 5 0 0 S y K n lia l ba an U pa U 96

  20. Slide 20: II. Develop new growth engines

    II. Develop new growth engines • Build capability in new investment skill sets –Global equities business based in Dublin –Credit specialists in Australia • Expand range of Corporate Trust services 19

  21. Slide 21: III. Fully engage the staff to deliver our strategy

    III. Fully engage the staff to deliver our strategy • Refreshed Corporate Values • New remuneration policy • Senior leadership team developed • Senior appointments made • Single premises – Angel Place 20

  22. Slide 22: Four sources of competitive advantage underpin our strategy

    Four sources of competitive advantage underpin our strategy 1. The management of funds management teams, philosophies, and processes 2. Relationship management with financial planning community 3. A trusted brand 4. A long history as a leading provider of fiduciary services to individuals and corpor

  23. Slide 23: Special thanks to the entire Perpetual team for delivering a strong result in 2004

    Special thanks to the entire Perpetual team for delivering a strong result in 2004 22

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