Centuria Capital (ASX:CNI): FY16 Results Presentation

Company Presentations

by Carolyn Herbert

Centuria Capital Limited (ASX:CNI): FY16 Results Presentation 

Hello. I am John McBain, Group CEO of Centuria Capital Limited. It is a great pleasure to be presenting Centuria’s financial results for the 2016 financial year.

Our agenda for today will cover group overview & strategy and FY16 operating highlights. Simon Holt, Group CFO will then cover the groups FY16 financial highlights.

Following the financial highlights I will then detail the performance and outlook of the group’s business divisions, property funds management division and investment bonds division before providing you with an outlook for the group.

In a financial services business, growth in FUM is important and we want to discuss this at the start of our presentation.

Centuria is a business transitioning for its next stage of growth and the funds under management graph demonstrates clearly the compounding nature of FUM growth particularly over FY15 and FY16.

A lot of the “heavy lifting” has already been done towards FY17 FUM and we have provided a snapshot of how FY17 should look based on the FUM carried over from FY16, adding in the recently settled Zenith Property fund and estimating net new FUM on a relatively conservative basis.

2016 Annual Results      FY16    FY15 Increase 
Underlying net profit after tax  $10.4m  $6.3m  65%
Statutory net profit after tax   $12.1m  $8.6m 41%
Underlying earnings per share (basic)  13.7c  8.1c 69%
Statutory earnings per share (basic)  15.8c 11.0c   44%
Dividend per share  (fully franked)    5.25c  4.75c 11%