- In FY2016, Yellow Brick Road's loan book grew 30% to $37.8 billion and settlements grew 28% to $15.9 billion, driven by strong marketing campaigns. However, growth slowed in the second half due to lender policy changes affecting offshore borrowers.
- The company reset its structure in the second half of FY2016 to improve focus on wealth management by realigning incentives and removing a level of management. For FY2017, the focus will be on driving efficiencies and delivering the wealth management model.
- Underlying EBITDA was negative $3.9 million in FY2016 compared to positive $2.3 million in FY2015, due to higher
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Morgan Stanley reported record first quarter results for 2006, with net revenues of $8.5 billion, up 24% from the previous year. Net income was $1.6 billion, a 17% increase, while diluted earnings per share were $1.54. All of Morgan Stanley's major business segments achieved record or near-record results, including Institutional Securities which saw a 36% rise in net revenues. The company directed additional resources to areas seeing major growth like emerging markets and leveraged finance. Morgan Stanley also continued international expansion and reorganized some business divisions to drive better performance.
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $6.5 billion in annual premiums. The presentation discusses Intact's strong market position in Canada, consistent outperformance of industry benchmarks, and plans to acquire AXA Canada to further strengthen its business. The acquisition of AXA Canada will increase Intact's premium base by over 40% and accelerate its growth profile through enhanced underwriting capabilities and distribution.
- Discover Financial reported a 5% increase in diluted EPS to $1.35 for Q1 2016. Revenue net of interest expense grew 2% to $2.2 billion, as loan growth offset the lack of mortgage income. Provision for loan losses increased 9% due to a higher reserve build. Expenses grew 1% as increases in compliance costs offset reductions from exiting mortgage origination. Credit quality improved with net charge-offs up 3% and delinquency rates mostly stable.
Morgan Stanley reported full year net revenues of $28.0 billion and earnings per share of $2.37. However, the firm recognized $9.4 billion in mortgage-related writedowns in the fourth quarter, resulting in a net loss of $3.588 billion for the quarter. While most businesses had record results, fixed income sales and trading losses were over $7.9 billion due to the writedowns. Morgan Stanley further bolstered its capital position with a $5 billion investment from China Investment Corporation.
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Wilshire Liquid Alternatives Industry Monitor for Q4 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Morgan Stanley reported record first quarter results for 2006, with net revenues of $8.5 billion, up 24% from the previous year. Net income was $1.6 billion, a 17% increase, while diluted earnings per share were $1.54. All of Morgan Stanley's major business segments achieved record or near-record results, including Institutional Securities which saw a 36% rise in net revenues. The company directed additional resources to areas seeing major growth like emerging markets and leveraged finance. Morgan Stanley also continued international expansion and reorganized some business divisions to drive better performance.
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $6.5 billion in annual premiums. The presentation discusses Intact's strong market position in Canada, consistent outperformance of industry benchmarks, and plans to acquire AXA Canada to further strengthen its business. The acquisition of AXA Canada will increase Intact's premium base by over 40% and accelerate its growth profile through enhanced underwriting capabilities and distribution.
- Discover Financial reported a 5% increase in diluted EPS to $1.35 for Q1 2016. Revenue net of interest expense grew 2% to $2.2 billion, as loan growth offset the lack of mortgage income. Provision for loan losses increased 9% due to a higher reserve build. Expenses grew 1% as increases in compliance costs offset reductions from exiting mortgage origination. Credit quality improved with net charge-offs up 3% and delinquency rates mostly stable.
Morgan Stanley reported full year net revenues of $28.0 billion and earnings per share of $2.37. However, the firm recognized $9.4 billion in mortgage-related writedowns in the fourth quarter, resulting in a net loss of $3.588 billion for the quarter. While most businesses had record results, fixed income sales and trading losses were over $7.9 billion due to the writedowns. Morgan Stanley further bolstered its capital position with a $5 billion investment from China Investment Corporation.
1. In Q1 2017, ClubCorp delivered solid results including revenue growth of 3.0% year-over-year to $221.3 million and adjusted EBITDA growth of 4.2% year-over-year to $43.7 million. Membership excluding managed clubs grew 2.0% year-over-year.
2. ClubCorp continues to successfully execute its three-pronged growth strategy of acquisitions, reinventions, and driving membership through offerings like O.N.E., which is available at 156 clubs.
3. In Q1 2017, ClubCorp acquired 4 new clubs and has 12 reinvention projects ongoing for the year, positioning it for continued revenue and adjusted
Genworth MI Canada reported its Q2 2016 results. Key highlights included:
- Premiums written increased 113% quarter-over-quarter due to higher portfolio insurance volumes and seasonality.
- The loss ratio was 21%, down from 24% last quarter, driven by typical seasonal factors and improvements in Quebec.
- Net operating income increased 8% quarter-over-quarter to $99 million, driven by higher premiums earned and lower losses on claims.
- The MCT ratio remained strong at 233%, down slightly from last quarter but up from the prior year.
HSBC reported its annual results for 2006, with key highlights including:
- Profit before tax up 5% to $22.1 billion, driven by strong growth in emerging markets like Asia and Latin America.
- US mortgage business negatively impacted by higher loan delinquencies and impairment charges.
- Strong performance in commercial and investment banking, with corporate and investment banking profits up 36%.
- Overall customer lending grew 10% to $882 billion, with growth across all major categories except for higher delinquencies in US mortgages.
The document is the annual report of ABC Holdings Limited for the year 2014. It summarizes the company's financial performance, which was mixed across its markets in Africa. Key highlights included a 16% increase in deposits but a 9% decrease in net interest income. Impairment charges doubled and losses increased, largely due to higher impairments and lower margins. The acquisition of ABC Holdings by Atlas Mara was also noted as an important event that year and will provide a foundation for future growth.
Morgan Stanley reported record first quarter results for 2007, with net income up 70% from the previous year. Revenue was $11 billion, up 29%, driven by record sales and trading in both fixed income and equities. Return on equity was 29.9%, up from 21.3% the previous year. All business segments achieved record or higher results, with institutional securities delivering a 71% rise in pre-tax income on the back of strong fixed income and equities trading.
This presentation from Las Vegas Sands provides an investor update for Q1 2016, highlighting key financial metrics and performance across their properties. It summarizes that net revenue was $2.72 billion for Q1 2016, with hold-normalized adjusted property EBITDA of $1.03 billion. It also discusses continued growth in Singapore and strong revenue in Las Vegas as contributing factors. Additionally, it outlines Las Vegas Sands' commitment to returning capital to shareholders through recurring dividends and share repurchases totaling over $13 billion since 2012.
This document discusses an initial public offering (IPO) and listing on the Hong Kong Stock Exchange. It provides background information on Hong Kong's position as a global financial center and exchange. The document reviews listing requirements, the listing process, and Charltons' experience in advising on IPO transactions. In 3 sentences: This document discusses pursuing an IPO and listing on the Hong Kong Stock Exchange, reviewing Hong Kong as a major financial hub, listing requirements, and Charltons' expertise in advising companies on IPOs and listings. It provides an overview of Hong Kong's stock exchange and regulations for companies pursuing a public listing.
- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter.
- Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned.
- The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.
- eXp World Holdings reported another record quarter with revenues increasing 112% year-over-year to $15.76 million and agent count growing to 2,130.
- Excluding stock-based compensation, the company would have reported net profit of $0.79 million in Q3 2016 compared to $0.27 million in Q3 2015.
- The analyst raises the fair value estimate of EXPI stock to $6.78 per share based on a discounted cash flow valuation and maintains a "Buy" rating given the company's continued rapid growth in revenues and agent count.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
This presentation provides an earnings call summary for the third quarter of 2017:
- Net revenue increased 7.7% to $3.2 billion and net income increased 13.0% to $685 million. Adjusted property EBITDA rose 6.0% to $1.21 billion.
- Macao operations saw a 3.8% increase in adjusted property EBITDA to $652 million. The Parisian Macao continued ramping up.
- Marina Bay Sands adjusted property EBITDA increased 13.0% to $442 million.
- The company returned $653 million to shareholders through dividends of $578 million and $75 million in share repurchases.
This document discusses Genworth MI Canada Inc., a residential mortgage insurer in Canada. It provides the following information:
- Genworth has a proven business model as the largest private residential mortgage insurer in Canada. It has helped over 1 million families achieve homeownership.
- For 2016, Genworth expects regulatory changes, a modestly smaller mortgage originations market, and economic factors like low oil prices to impact its business. It forecasts moderately lower total premiums written but modest growth in premiums earned.
- Genworth maintains a strong financial position with a 2015 loss ratio of 21% and capital ratio of 233%. It expects its 2016 loss ratio to be in the range of 25-40% given economic assumptions.
The presentation discusses Las Vegas Sands' second quarter 2017 earnings results and provides an overview of the company. Key points include:
- Net revenue increased 18.6% year-over-year to $3.14 billion and net income increased 61.9% to $638 million.
- Adjusted property EBITDA increased 26.5% to $1.21 billion, with growth in Macao and Singapore properties.
- The company remains committed to returning capital to shareholders through dividends and share repurchases, having returned over $17 billion since 2012.
- Las Vegas Sands has a strong balance sheet with $2.32 billion in cash and $7.93 billion in net debt as
Pine's 4Q17 earnings release highlights include:
- Important developments in their business model focusing on smaller clients and new products.
- Credit production increased with 365 new operations totaling R$3.4 billion.
- Non-performing loans decreased slightly to 14.9% of the corporate portfolio.
- Total deposits increased to R$6.1 billion while the capital adequacy ratio remained strong at 15.4%.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
JM Financial's loan against shares enables you to borrow funds against listed securities such as mutual funds, shares, insurance and bonds to meet your current financial needs. Visit for more info: https://jmfl.com/what-we-do/fund-based-activities
Jenny's Basketique, LLC is a company owned by Jennifer De Smith that creates customized gift baskets, gifts, decorations, and more for events and occasions. They specialize in gifts for businesses to thank clients, employees, and referrals. Gift items can be personalized and delivered in Arizona or shipped nationwide. Jenny's Basketique also offers event design and decorating services including invitations, balloons, centerpieces, and favors.
Traffic speed analysis presentation- ahmed ferdous-1004137 buetAhmed Ferdous Ankon
Traffic speed analysis presentation- ahmed ferdous-1004137 buet
Please remind this is not a unique effort..My Classmates and specially Ahasanullah Un iversity Students were a major help...We have tried DATA ANALYSIS part to be a solo doing ..But other parts are nearly copy past from net especially from AUST ian...Hope you can do the whole on your own.....
A cristandade ocidental face ao islão parte 2Carla Teixeira
O documento descreve a história trágica de Miriam Ali e suas filhas Nádia e Zana, que foram vendidas como esposas quando adolescentes no Iêmen pelo próprio pai de Miriam. Após anos de sofrimento, Zana conseguiu gravar um pedido desesperado de ajuda, descrevendo as terríveis condições em que ela e sua irmã viviam. Miriam passou anos lutando para resgatar suas filhas.
Il pensiero politico di thomas hobbes fra il contesto politico e ideologico i...dodo dudu
FILOSOFIA POLITICA, STORIA POLITICA. POLITICAL PHILOSOPHY, POLITICAL HISTORY.
Un ulteriore sito di riferimento dove potete trovare libri e articoli scientifici:
http://93.174.95.27/
Another website were you can find books and scientific articles:
http://93.174.95.27/
IL PENSIERO POLITICO DI THOMAS HOBBES FRA IL CONTESTO POLITICO E IDEOLOGICO INGLESE E LA NASCITA DELLO STATO MODERNO
1. In Q1 2017, ClubCorp delivered solid results including revenue growth of 3.0% year-over-year to $221.3 million and adjusted EBITDA growth of 4.2% year-over-year to $43.7 million. Membership excluding managed clubs grew 2.0% year-over-year.
2. ClubCorp continues to successfully execute its three-pronged growth strategy of acquisitions, reinventions, and driving membership through offerings like O.N.E., which is available at 156 clubs.
3. In Q1 2017, ClubCorp acquired 4 new clubs and has 12 reinvention projects ongoing for the year, positioning it for continued revenue and adjusted
Genworth MI Canada reported its Q2 2016 results. Key highlights included:
- Premiums written increased 113% quarter-over-quarter due to higher portfolio insurance volumes and seasonality.
- The loss ratio was 21%, down from 24% last quarter, driven by typical seasonal factors and improvements in Quebec.
- Net operating income increased 8% quarter-over-quarter to $99 million, driven by higher premiums earned and lower losses on claims.
- The MCT ratio remained strong at 233%, down slightly from last quarter but up from the prior year.
HSBC reported its annual results for 2006, with key highlights including:
- Profit before tax up 5% to $22.1 billion, driven by strong growth in emerging markets like Asia and Latin America.
- US mortgage business negatively impacted by higher loan delinquencies and impairment charges.
- Strong performance in commercial and investment banking, with corporate and investment banking profits up 36%.
- Overall customer lending grew 10% to $882 billion, with growth across all major categories except for higher delinquencies in US mortgages.
The document is the annual report of ABC Holdings Limited for the year 2014. It summarizes the company's financial performance, which was mixed across its markets in Africa. Key highlights included a 16% increase in deposits but a 9% decrease in net interest income. Impairment charges doubled and losses increased, largely due to higher impairments and lower margins. The acquisition of ABC Holdings by Atlas Mara was also noted as an important event that year and will provide a foundation for future growth.
Morgan Stanley reported record first quarter results for 2007, with net income up 70% from the previous year. Revenue was $11 billion, up 29%, driven by record sales and trading in both fixed income and equities. Return on equity was 29.9%, up from 21.3% the previous year. All business segments achieved record or higher results, with institutional securities delivering a 71% rise in pre-tax income on the back of strong fixed income and equities trading.
This presentation from Las Vegas Sands provides an investor update for Q1 2016, highlighting key financial metrics and performance across their properties. It summarizes that net revenue was $2.72 billion for Q1 2016, with hold-normalized adjusted property EBITDA of $1.03 billion. It also discusses continued growth in Singapore and strong revenue in Las Vegas as contributing factors. Additionally, it outlines Las Vegas Sands' commitment to returning capital to shareholders through recurring dividends and share repurchases totaling over $13 billion since 2012.
This document discusses an initial public offering (IPO) and listing on the Hong Kong Stock Exchange. It provides background information on Hong Kong's position as a global financial center and exchange. The document reviews listing requirements, the listing process, and Charltons' experience in advising on IPO transactions. In 3 sentences: This document discusses pursuing an IPO and listing on the Hong Kong Stock Exchange, reviewing Hong Kong as a major financial hub, listing requirements, and Charltons' expertise in advising companies on IPOs and listings. It provides an overview of Hong Kong's stock exchange and regulations for companies pursuing a public listing.
- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter.
- Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned.
- The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.
- eXp World Holdings reported another record quarter with revenues increasing 112% year-over-year to $15.76 million and agent count growing to 2,130.
- Excluding stock-based compensation, the company would have reported net profit of $0.79 million in Q3 2016 compared to $0.27 million in Q3 2015.
- The analyst raises the fair value estimate of EXPI stock to $6.78 per share based on a discounted cash flow valuation and maintains a "Buy" rating given the company's continued rapid growth in revenues and agent count.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
This presentation provides an earnings call summary for the third quarter of 2017:
- Net revenue increased 7.7% to $3.2 billion and net income increased 13.0% to $685 million. Adjusted property EBITDA rose 6.0% to $1.21 billion.
- Macao operations saw a 3.8% increase in adjusted property EBITDA to $652 million. The Parisian Macao continued ramping up.
- Marina Bay Sands adjusted property EBITDA increased 13.0% to $442 million.
- The company returned $653 million to shareholders through dividends of $578 million and $75 million in share repurchases.
This document discusses Genworth MI Canada Inc., a residential mortgage insurer in Canada. It provides the following information:
- Genworth has a proven business model as the largest private residential mortgage insurer in Canada. It has helped over 1 million families achieve homeownership.
- For 2016, Genworth expects regulatory changes, a modestly smaller mortgage originations market, and economic factors like low oil prices to impact its business. It forecasts moderately lower total premiums written but modest growth in premiums earned.
- Genworth maintains a strong financial position with a 2015 loss ratio of 21% and capital ratio of 233%. It expects its 2016 loss ratio to be in the range of 25-40% given economic assumptions.
The presentation discusses Las Vegas Sands' second quarter 2017 earnings results and provides an overview of the company. Key points include:
- Net revenue increased 18.6% year-over-year to $3.14 billion and net income increased 61.9% to $638 million.
- Adjusted property EBITDA increased 26.5% to $1.21 billion, with growth in Macao and Singapore properties.
- The company remains committed to returning capital to shareholders through dividends and share repurchases, having returned over $17 billion since 2012.
- Las Vegas Sands has a strong balance sheet with $2.32 billion in cash and $7.93 billion in net debt as
Pine's 4Q17 earnings release highlights include:
- Important developments in their business model focusing on smaller clients and new products.
- Credit production increased with 365 new operations totaling R$3.4 billion.
- Non-performing loans decreased slightly to 14.9% of the corporate portfolio.
- Total deposits increased to R$6.1 billion while the capital adequacy ratio remained strong at 15.4%.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
JM Financial's loan against shares enables you to borrow funds against listed securities such as mutual funds, shares, insurance and bonds to meet your current financial needs. Visit for more info: https://jmfl.com/what-we-do/fund-based-activities
Jenny's Basketique, LLC is a company owned by Jennifer De Smith that creates customized gift baskets, gifts, decorations, and more for events and occasions. They specialize in gifts for businesses to thank clients, employees, and referrals. Gift items can be personalized and delivered in Arizona or shipped nationwide. Jenny's Basketique also offers event design and decorating services including invitations, balloons, centerpieces, and favors.
Traffic speed analysis presentation- ahmed ferdous-1004137 buetAhmed Ferdous Ankon
Traffic speed analysis presentation- ahmed ferdous-1004137 buet
Please remind this is not a unique effort..My Classmates and specially Ahasanullah Un iversity Students were a major help...We have tried DATA ANALYSIS part to be a solo doing ..But other parts are nearly copy past from net especially from AUST ian...Hope you can do the whole on your own.....
A cristandade ocidental face ao islão parte 2Carla Teixeira
O documento descreve a história trágica de Miriam Ali e suas filhas Nádia e Zana, que foram vendidas como esposas quando adolescentes no Iêmen pelo próprio pai de Miriam. Após anos de sofrimento, Zana conseguiu gravar um pedido desesperado de ajuda, descrevendo as terríveis condições em que ela e sua irmã viviam. Miriam passou anos lutando para resgatar suas filhas.
Il pensiero politico di thomas hobbes fra il contesto politico e ideologico i...dodo dudu
FILOSOFIA POLITICA, STORIA POLITICA. POLITICAL PHILOSOPHY, POLITICAL HISTORY.
Un ulteriore sito di riferimento dove potete trovare libri e articoli scientifici:
http://93.174.95.27/
Another website were you can find books and scientific articles:
http://93.174.95.27/
IL PENSIERO POLITICO DI THOMAS HOBBES FRA IL CONTESTO POLITICO E IDEOLOGICO INGLESE E LA NASCITA DELLO STATO MODERNO
El documento contrasta la democracia y la autocracia. Define la democracia como un sistema en el que el poder se distribuye entre los ciudadanos y las decisiones se toman por mayoría. Describe las características de la democracia como la constitución, división de poderes y derecho a voto. La autocracia se define como un poder ejercido por una sola persona sin límites. Sus características incluyen la ausencia de elecciones libres y oposición permitida, así como la restricción de derechos. El zarismo en Rus
This is a Final Portfolio for Communications 130 Visual Media. It contains all of the projects that I have done through out the semester as I learned the different Adobe CC Programs.
The report recommends buying shares of Firstsource Solutions Ltd, an Indian business process management company, with a target price of Rs 74 within 12 months. It summarizes the company's financial performance, noting a recent decline in revenue but growth in profit margins. The outlook expects revenue growth to resume as new deals are implemented and seasonal collection business increases in the current quarter. The stock is considered undervalued relative to peers at current valuation ratios.
JM Financial is one of India’s leading asset reconstruction companies. We provide tailor-made acquisition and corporate debt restructuring services to financial institutions. https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
JM Financial is one of India’s leading asset reconstruction companies. We provide tailor-made acquisition and corporate debt restructuring services to financial institutions. https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
JM Financial is one of India’s leading asset reconstruction companies. We provide tailor-made acquisition and corporate debt restructuring services to financial institutions. https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
JM Financial is one of India’s leading asset reconstruction companies. We provide tailor-made acquisition and corporate debt restructuring services to financial institutions. https://www.jmfl.com/what-we-do/fund-based-activities/asset-reconstruction
Investment banking services enable companies and other issuers to capitalize on today’s opportunities and position themselves for sustained growth. https://www.jmfl.com/what-we-do/investment-banking-and-securities/investment-banking
We at JM financial provides m&a advisory on corporate mergers, acquisitions and divestitures as well as debt and equity financing. To explore more about our financial services, click on our website jmfl.com
This document provides an overview of JM Financial Limited's investor presentation from May 13, 2016. It begins with a safe harbour statement noting that any forward-looking statements are subject to various risk factors that could cause actual results to differ. It then discusses JM Financial's sustainable growth-oriented portfolio across investment banking, securities, wealth management, fund-based activities, asset management, alternative asset management, and asset reconstruction. Key highlights of JM Financial's financial performance over the past year and most recent quarter are also summarized.
- Rossi generated R$82 million in operational cash flow in 1H14 and reduced its net debt. It extended maturities on corporate debt so only R$265 million matures in 2014.
- Rossi improved its management processes by implementing KPIs and targets for managers. It also increased efficiency, grew financing transfers, increased inventory unit sales, and accelerated project deliveries.
- For 2013-2015, Rossi's strategic plan focuses on increasing operational cash generation, growing Rossi Vendas, increasing construction execution, prioritizing profitable launches, and reducing land bank and business units outside core regions.
Discover reported financial results for full year 2016 and 4Q16. Key highlights include:
- 2016 diluted EPS grew 12% to $5.77 driven by loan growth and lower expenses.
- 4Q16 diluted EPS increased 23% to $1.40 due to higher net interest income and lower expenses.
- Loan balances and credit card sales volumes increased year-over-year for both periods. However, provision for loan losses grew due to higher net charge-offs from loan growth and seasoning.
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net income for the first six months of 2015 increased 11% to $49.1 million.
- Net interest income grew 7% for the first six months due to a 6% increase in average loan balances. However, net interest margin declined slightly to 1.79% for Q2 2015 due to pressure on lending margins.
- The commercial loan portfolio balance increased 7% year-over-year to $7.4 billion as of the end of Q2 2015. Credit quality remained strong with non-accruing loans at
Bladex presentación de llamada en conferencia 2 trim15 (inglés)Bladex
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net interest income increased 7% from higher average loan balances.
- Credit quality remained strong with non-accruing loans at 0.3% of total loans and allowance coverage of non-accruing loans at 4.4 times.
- Operating expenses were well controlled and the efficiency ratio improved to 33%. However, fees and other income declined 33% due to fewer structured deals closing in the quarter.
The document provides an analyst briefing on the financial results of a bank for fiscal year 2015. Some key points:
- The bank reported a 2.1% increase in pre-provision operating profit despite a challenging market environment. Net interest income grew 5.4% and non-interest income from clients grew 12.4%, offsetting declines elsewhere.
- Loan growth was strong at 14.9% driven by consumer and SME segments, while deposit growth was also high at 13.7%. However, net interest margin compressed by 8 basis points.
- Non-interest income was impacted by lower treasury income, though trade/FX revenues grew 24.1% on business banking expansion. Wealth management fees were
RHB Banking Group reported higher net profit in 1Q2017 compared to 4Q2016 due to higher non-fund based income, lower operating expenses, and lower loan impairment allowances. However, net profit was lower than 1Q2016 mainly from lower total income and higher loan impairment allowances. Loans grew 3.2% year-on-year driven by mortgages and SME lending. Customer deposits increased 5.3% year-on-year with strong growth in CASA deposits. Key ratios like ROE and cost-to-income improved from 4Q2016 but were lower than 1Q2016 levels.
Get Loan against property for your personal, commercial or business needs from JM Financial, one of the leading IPO, ESOP and Mutual fund providing company in India. https://jmfl.com/What-We-Do/Fund-Based-Activities
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2. Executive Summary
2016 strong investment provides robust business platform
Lending Scale – $38B under management; settlement up $28%
Distribution Scale – 1500 credit representatives; up 31%
Brand Equity – winning on key attributes versus competitors
The Group reset to changing conditions in H2FY16
Improved focus on wealth by realigning structure & incentives
Lifted accountability by removing a level of management
Increased branch commerciality by adopting Franchise model
2017 focus on driving efficiencies and delivering wealth model
Pursue a substantial lift in lending conversion
─ Ruby - new proprietary lead management mobile App
─ Targeted program of sales skilling
─ New branch owners experienced brokers with business acumen
Drive out our proven wealth model
─ Recruit pool of dedicated advisers to support newer branches
─ Roll-out of wealth CRM to underpin branch profitability
─ Pilot test proprietary Money Manager cash-flow-management technology
Leverage strong brand through in market activation
─ Branch Digital Marketing Platform – Q1 rollout
─ Prosperity Through Property – national seminar series Q2 & Q3
─ Steadfast Group referral partnership – rollout in Q2
Firm cost discipline is reflected in bottom line; cash position solid 2
3. Building a strong base of recurrent
revenues
Settlements strong in H1 (+ 96% vs PCP) but impacted by lender policy in H2 (+17% vs PCP)
Loans under management at $38B now a $43M asset on balance sheet
Steady premium growth but FUM slowing and needs attention in FY2017 3
238 405
3,074
4,291
3,562
YBR (GROUP)– SETTLEMENTS ($m)
1,058
23,706
32,319
37,762
Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Q2 Q3 Q4 Q1
2016
Q2 Q3 Q4
YBR (GROUP)– LOAN BOOK
Loans Under Management($b)
215
699 703
Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Q2 Q3 Q4 Q1
2016
Q2 Q3 Q4
YBR (GROUP)– FUM
Funds Under Management ($m)
1.4
9.3 9.8
11.6
Q2
2013
Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Q2 Q3 Q4 Q1
2016
Q2 Q3 Q4
YBR (Group) PUM
Premiums Under Management ($m)
CAGR
31%
CAGR
56%
CAGR
65%
CAGR
43%
4. Distribution scale – 1500 qualified
representatives; up 31% vs FY 15
4
167 177 187 191
435
1,069
1,146
1,233
1,311
1,417
1,500
Qualified Representatives Up 31%
Franchise Branches Achieving Scale
Lifecycle Stage % Of Total
30% 24% 23% 24%
39%
38% 39% 38%
20%
21% 21% 22%
11% 17% 17% 16%
H1 2015 H2 2015 H1 2016 H2 2016
Start Up Emerging Consolidating Scale
31% 38%
31%
60%
8%
10%
22%
Office
Onboarding
Shopfront
+2%Pts
Franchise Street Presence Growing
Branch Type % of Total
Mobile
National Distribution Footprint
Businesses By State
5. Yellow Brick Road brand is strong
versus competitors
Consumer rating of YBR versus key competitors:
YBR vs.
MOC
(+% Pts)
YBR vs.
RAMS
(+% Pts)
YBR vs.
MLC
(+% Pts)
YBR vs.
BT
(+% Pts)
Helps customers plan for their financial future 15 13 1 8
Services cater to the individual needs of the customer 9 3 7 10
Feels like they are growing more popular 16 2 18 17
Provides quality financial advice 11 7 4 10
Are the experts in wealth products and services 15 11 -2 3
Appeals more to you than other financial institutions 13 5 6 8
Are setting the trends in the industry 14 7 13 13
Has strong leadership 16 12 8 13
Offers something different to other financial institutions 15 8 12 13
Has competitive rates and pricing 4 -5 8 10
Has highly satisfied customers 7 3 4 8
Have heard a lot of good things about recently 6 0 5 7
Measures brand ratings amongst those aware. Green = significantly different, in YBR’s favour, at 95% confidence level.
No colour is neutral. There is no case where YBR is statistically inferior.
Source: Millward Brown
5
6. Group reset to address changing
conditions in H2
Improve focus on wealth by realign structure & incentives
Chairman
YBR Vow RESI
Incentivise Branches to Develop Wealth
Increase branch commerciality
by adopting franchise model
Yellow Brick Road branched business transitioning from May
Move from licence structure to a franchise model
Important shift to set branded network up for future growth
New application fees will offset on boarding costs
Allows introduction of WMAR – incentivise wealth business
Improves controls, market acceptance & business valuations
Lift accountability by removing
level of management
Removal of level of management across group August 2016
General Manager Wealth now reports directly to Chair
Increases wealth focus – driving out proven wealth model
Acquisitions now integrated and IT projects completete
Redundant roles in Lending, Marketing and Wealth removed
6
Chairman
Wealth Lending
Restructure to Increase Wealth Focus
From: To:
82%
79.50%
77.00%
Above 30% From 15% - 30% Under 15%
Branch up front split (%)
“Wealth Management Activity Ratio WMAR”
Lending customers with wealth product (%)
Prior Level (flat)
Brand/ Channel Focus Market Focus
Prior to Q3 FY2017 From Q3 FY2017
7. Accounting
EBITDA
FY16
(Norm.)
Origination
Recurring
Scale
Other
Lending PV
Origination
Recurring
Scale
Other
Wealth
Overheads
UNDERLYING
EBITDA FY20
24
(3.90) (3.95)
YBR CONSOLIDATED - UNDERLYING EBIDTA FY16 VS FY20
EBITDA
FY16
7
Journey to 2020 key drivers
Origination
Settlements grow at 10% CAGR
• Vow growing 3% per annum
• YBR settlements grow @ 30% behind branch growth of
30p.a. & productivity up from $1.8m/mth settlement per
branch to $2.6m (note MOC = $2.4m).
• Resi settlements grow from $224m to $ 330mper annum
• Loan avenue grow from $160m Pa to $180m pa
LENDING - $20.6m WEALTH - $7.3m
Recurring
Loan book grows @14% CAGR in
line with branch expansions & Vow
settlement growth of 4%. Maintain
current trail margins for all but Resi
which reduces from 74% to 45%
Scale Income
Corporate margin settlement
volumes maintained at 30% of YBR
settlements and increase to 9% of
Vow settlements, Average margin
increase to 9bps on average
Wealth origination and re-occuring
Branches Increase from 134 to 300
SOA pa per branch from 14 to 23, Life
policies from 7 to 17
Wealth Scale
YBR Super from $90m to
$280m. Model portfolio $200m
Other Overheads
Grow at 4% P.A
Lless marketing efficiencies
Wealth Other
Smarter Money GHP
increase from $0.7m to
$1,5m (FUM ends at $600m)
9. FY16 Performance highlights & KPIs
9
FY 20151
FY 2016 FY16 v FY15
Loan book $29.2b $37.8b 30%
Settlements $12.4b $15.9b 28%
FUM $668m $703m 5%
Total Wealth Income $9.4m $10.4m 11%
Representatives - Brokers 1,100 1,452 32%
- Advisers 180 504 180%
- Points of Purchase 630 715 13%
Direct Income $2.5m $4.4m 76%
Own Brand Share – Lending 5% 8% +3%pts
Group Mkt Share – Lending 3.38% 4.04% +0.66%pts
Wealth Penetration – % Clients 27.3% 25.8% (1.5%pts)
Normalised:
UNPAT 6,679 (4,360) 165%
Underlying EBITDA 2,337 (3,901) (267%)
Statutory NPAT (1,407) (9,528) (577%)
Gross Margin 16% 16% (0%pts)
Net Operating margin 1% (2%) (3%pts)
Cash>income 6% 3% (3%pts)
Debt position 5,000 7,600 52%
Net cash 10,784 6,854 (36%)
1: 1H 2015 normalised for 2 months of VOW and RESI pre-acquisition results
10. P&L
1: 1H 2015 normalised for 2 months of VOW and RESI pre-acquisition results
2: Including 2016 loan book run-off adj.
Consolidated Profit & Loss ‘000 FY 20151
FY 2016 Var %
Revenue
Lending
Origination Commission Received 75,480 91,272 15,792 21%
Trailing Commission Received (Incl PV) 89,008 107,357 18,349 21%
Total Commission Received 164,488 198,629 34,141 21%
Direct Product Income 2,534 4,409 1,875 74%
Total Lending 167,022 203,038 36,016 22%
Wealth
Origination Commission Received 4,466 4,653 187 4%
Trailing Commission Received 3,374 3,855 481 14%
Total Wealth Management 7,840 8,508 668 9%
Other 9,624 8,031 (1,593) (17%)
Total Revenue incl PV 184,486 219,577 35,091 19%
Gross Profit
Total Lending 17,980 22,883 4,903 27%
Total Wealth Management 2,305 2,332 27 1%
Discontinued operation - Accounting 3,555 2,591 (964) (27%)
Total Other 5,933 6,618 685 12%
Gross Profit 29,773 34,424 4,651 16%
Operating Costs (Excl. Marketing) 23,566 29,523 5,957 25%
Marketing 4,600 8,884 4,283 93%
Acquisition Costs 8,085 2,075 (6,010) (74%)
Other Non-Cash2
1,730 6,625 4,985 283%
Operating Costs 37,981 47,107 9,126 24%
Net Profit before Income Tax (8,208) (12,683) (4,475) 55%
Underlying EBITDA 2,337 (3,901) (6,238) (267%)
Underlying NPAT 6,679 (4,360) (11,039) (165%)
10
11. Balance Sheet
11
Balance Sheet Jun-15 Dec-15 Jun-16
Cash 10,784 6,607 6,854
Goodwill (Acquired Businesses) 36,747 36,141 31,821
Prepaid Advertising 2,500 1,647 1,248
Total Debt (5,000) (5,000) (7,600)
Trail commission receivable (Loan Book value) 36,733 38,049 43,324
Deferred tax (3,598) (1,706) (2,417)
Other 1,754 441 (1,558)
Net Assets 79,920 76,179 71,672
Cash and undrawn facilities 18,284 13,507 10,554
YBR market capitalisation (@$0.15) $42m; is below embedded value of loan book
The loan book is independently valued by Deloitte annually
Reflects the net present value of future net cash inflows expected from existing loans
The Group has adequate cash and undrawn facilities
12. Cash Flow
12
Consolidated Jun-15 Jun-16
$'000 $'000
Net cash used in operating activities ($2,723) ($2,388)
Net cash used in investing activities ($38,267) ($4,828)
Net cash from financing activities $39,660 $3,286
Net decrease in cash and cash equivalents ($1,330) ($3,930)
Cash & cash equivalents at start of period $12,114 $10,784
Cash and cash equivalents at end of period 10,784 6,854
$2.4m in operating activities includes $2.1m integration and acquisition costs
$2.4m cash used in operating activities reconciles to reported EBITDA loss of $9.1m via:
$3.3 NEC advertising used in FY 2016 payable H1 FY17
$1.1m impact of rent free period for premises lease
$1.8 Non-cash expenditure (marketing, Share based payments Employee provisions)
$0.5m Net other
$4.8m of investments includes
Acquisition of Loan Avenue and Brightday $2.8m
Web site and lead generation infrastructure $0.8m
Franchising $0.3m
Money Manager $0.5m
Other IT infrastructure $0.4m
At 30 June 2016 the company has $6.9m in cash and $3.7m in undrawn facilities
13. Lending – Performance Review
Loan book now at $38B up 30% and valued at $43m on balance sheet
After a strong H1 (+115% vs PCP) in H2 Vow impacted by lender action against offshore borrowers (+11%)
YBR settlements up 45% for full year behind strong marketing campaign
New mentoring program offsets lower productivity with fees and stronger split 13
238 405
3,074
4,291
3,562
YBR (GROUP)– SETTLEMENTS ($m)
1,058
23,706
32,319
37,762
YBR (GROUP)– LOAN BOOK ($b)
CAGR
31%
CAGR
56%
FY 2015 FY 2016 FY16 V FY15
Underlying loan book $29.2b $37.8b 30%
Settlements $12.4b $15.9b 28%
Applications $18.4b $25.9b 41%
Pipeline – Value $2.1b $2.4b 14%
Credit Representatives – Authorised 1100 1452 32%
Credit Representatives – Productivity $11.3m $11.0m (3%)
14. Lending – Performance Indicators
Healthy growth in higher margin own brand business - share up by 3% points
Lender policy change has driven a more conservative mix of interest only and investor lending
Trail marginally up due to white label growth
RESI share of settlements declined in 2016 – impacting upfront margin – FY 17 applications up ~20%
14
FY 2015 FY 2016 FY16 v FY15
Group Mkt Share 3.38% 4.04% +0.66%pts
Own Brand Share 5% 8% +3%pts
Loan Mix - Interest only/ P&I 44.3 / 55.7% 22.5 / 77.5% (21.8%pts)
- Investor/ Owner Occ 38.2 / 61.8% 23.6 / 76.4% (14.6%pts)
Normalised:
Origination revenue $75.5m $91.3m 20.9%
Trail revenue $89.0m $107.4m 20.6%
Average gross trail rate 17.4bps 17.8bps +0.4%pts
Average gross upfront rate 64.4bps 63.5bps (0.9%pts)
Net core [origination + trail] $14.2m $18.9m 33.2%
15. Wealth – Performance Review
YBR Super and efficient model portfolios drove growth of 30% vs PP in YBR Super FUM
Capability drive around protection strategies delivered uplift of 11% vs PCP in life premiums
Revenue already impacted by lower upfront commissions as advisers move to "hybrid" model
Growth in AR general growth to 378 driven by Loan Protect accreditation in Vow network
*FUM is Funds Under Management **PUM is Premiums Under Management
15
215
699 703
Q1
2013
Q2 Q3 Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Q2 Q3 Q4 Q1
2016
Q2 Q3 Q4
YBR (GROUP)– FUM ($m)
1.4
9.3 9.8
11.6
Q2
2013
Q4 Q1
2014
Q2 Q3 Q4 Q1
2015
Q2 Q3 Q4 Q1
2016
Q2 Q3 Q4
YBR (Group) PUM ($m)
CAGR
65%
CAGR
43%
FY 2015 FY 2016 FY16 V FY15
Investments – FUM* $668m $703m 5%
Life insurance – PUM** $9.4m $10.4m 11%
General – Gross Premiums $5.6m $6.6m 18%
Wealth Revenue $9.4m $10.4m 11%
AR General # 53 378 613%
AR Personal # 127 126 (1%)
16. Wealth – Performance Indicators
Acquisition of new lending clients has neutralised good wealth growth, holding penetration flat
Gross margin influenced by higher volume coming from larger branches with larger pay away
Capability drive around protection strategies delivered uplift of 13% vs PCP in policies
Up front SOA payments impacted by advisers focusing on ongoing fees and commissions
16
FY15 FY16 FY16 v FY15
Wealth Penetration – % Clients 27.3% 25.8% (1.5%pts)
– % GProfit 8% 7% (1%pts)
SOA # 1116 1025 (8%)
Life Insurance Policies 1849 2092 13%
Recurrent revenue 3374 3855 14%
18. Substantial lift in lending productivity
Proprietary Ruby tool drives
higher conversion of leads
Smart-phone, lead management app, proprietary
Branches self-manage leads & connect with prospects
Prompts, enables and tracks adviser contacts
Schedules follow-up steps & provides metrics
Investing in skilling new &
needy branches
Doubled the duration of induction training for all
New seven week credit course to upskill new to market
Sales training program to help turn leads to meetings
Further boost to credit coaches on the ground
Recruiting experienced brokers
with business acumen
In branded Yellow Brick Road network
Focus on candidates with industry experience
Experienced now around 70% versus 30% previously
Accelerating ramp-up of new branches and productivity
Entry level branches grew productivity 117% in FY16
18
Train and enable branches to drive toward benchmark targets
Mentoring program accelerates
new talent & is self funding
Piloted in Vow Financial – 35 cadets to date
In FY17 expanding to YBR network
Self funding – pay mentoring fee
Low risk – reduced base split & forfeit trail if leave
Provides ready made talent for expanding branches
Average Leaders
Contact Meeting Settle
1.25X 1.5X 2.0X
19. 31%
-8%
Advice Specialist Dual Skilled
Drive out proven wealth model
Double number of branches
with specialist wealth advisers
Specialised adviser much more productive than dual skilled
Recruiting skilled advisers from salaried competitors
Franchisor recruits shared planners as entry point
Advisers attach to single branch as scale grows
Vow deliver protection in mortgage sale via Loan Protect
Specialists Outperform Dual Skilled
Advice Service Model – Specialist vs. Dual Skill
Roll-out of wealth CRM to
underpin branch profitability
Mandated financial planning platform across network
Enables advisers to produce SOA in branch
Reduces outgoings and pulls forward breakeven for wealth
Live SOA build is faster /more engaging > higher conversion
Greater speed to advice implementation and revenue
Controlled environment improves compliance
Pilot Money Manager cash-flow-
management technology
A pioneering fintech “Financial Management” solution
Simple consumer app / sophisticated intermediary service
Connects wealth and lending through cash-flow
Enables consumers to track and direct spending and savings
Live tracking of spending and updating of budgets
Boosts advisers ongoing value proposition
19
Leverage learning & franchise agreement to expand coverage
Revenue
Growth
(H2 FY16
vs PCP)
20. Leverage strong brand and local
ownership via branch campaigns
Digital marketing platform (Q1)
Unique proprietary local store tool
Pre-packaged campaigns – 15 and growing
Toto a proprietary eMail platform – over 50 email campaigns
Micro-website optimised for SEO
Digital lead manager to improve contact & meeting rates
Prosperity through property
Consumer direct seminars
Capital city seminars
October focus on property as wealth driver
Bouris presents three property finance experts
Branches invite local prospects and referral partners
February shift to risk and investment wealth focus
Leverage national branding at local level
Steadfast Group referral
partnership – rollout in Q2
Largest network of general insurance brokers in Australia
In FY2015, Steadfast managed > 2 million insurance policies
Over 150 insurers on panel
No home loans currently offered within their network
Activate, campaign and split payments via digital platform
Enables go live in 3 steps and provides regular reports
20
Leverage ltechnology & franchise agreement to expand coverage
21. Cost discipline to flow to bottom
line, solid cash position
The Company’s practice is not to provide specific guidance on future
results. But it is noted that:
Operating momentum
FY16 Underlying EBITDA was $3.9m (loss) after adjusting for non-operating items
We expect reduction in FY2017 of over $5m in operating overheads
We anticipate that gross profit will continue to grow
Non-operating costs
FY 16 non-operating items included acquisition costs of $2.1m (~$4m in FY15)
The Company does not anticipate any significant acquisitions in FY17
Outstanding costs associated with prior acquisitions are expected to be below prior years
Cash to fund operations – at 30 June 2016 the company has
$6.9m in cash
$3.7m in undrawn bank facilities
21
24. Vision
Yellow Brick Road aims to become Australia’s leading non-bank financial services
company by 2020 through:
Lending activity that provides scale – with $38B in loans under management to
date, we are pursuing a $100billion loan book (~5% mkt)
Wealth activity that provides margin. We’re targeting wealth penetration of
30%, predominantly through cross-sell
Distribution Network of local business owners in all communities across
Australia, made up of 300 branches and 1000 broker groups
Strategic partnerships that leverage our scale to contribute 10% of income
without the complexity or cost of vertical integration
24
25. Lending strategy
Maintain growth in points of distribution – double YBR to 300, Vow to 1000
Accelerate ramp up of new franchisees through targeting and mentoring
Drive YBR lending growth through local area lead generation program
Maximise lead conversion through technology and sales training (new)
Lift margin through investment in own brand products
Target: $100B underlying mortgage book by 2020
25
26. Wealth Strategy
Leverage trust established with lending clients for warm introduction of wealth
Embed wealth into mortgage transactions to initiate wealth journey earlier
Engage legacy lending clients via digital communications
Extend dedicated full service wealth advice capability to all branches
Complete wealth technology set matched to needs of advice network
Innovate to challenge and disrupt traditional planning model (FY2017 Pilot)
Leverage YBR brand for a digital direct offer for self directed consumers (FY2018)
Target 30% of Group Gross Profit by 2020 (2013 was 30% for YBR)
26
27. New Group Structure
Improve focus on wealth and leverage YBR capability across group
Enhance lending momentum by uniting lending operations for scale
Create an operations centre of excellence for group-wide benefit
Brand & marketing
Client experience
Strategic partners
Process & workflow
ITC platforms
Mark Bouris
Executive Chair
Yellow Brick Road Holdings
Richard Shaw
Group CFO
Network productivity
AR recruitment
Licensing
Mortgage advice
Product definition
Strategic sourcing
Network productivity
Licensing
Adam Youkhana
GM Wealth
Scott Graham
Group CCO (Commercial)
(Expanded role)
Tim Brown
CEO Lending
(Prior CEO Vow Financial)
27