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Financial Results
Presentation
Financial Year Ending September 2021
Platform set for FY22 and Beyond
HGL Ltd (ASX:HNG) Hancock & Gore
PERFORMANCE HIGHLIGHTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021 (FY21)
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81% | SHAREHOLDER |
RETURN |
55% | NTA PER SHARE | |
GROWTH | ||
94% | NPAT RETURN ON | |
NET ASSETS | ||
24% | FUM | |
GROWTH | ||
$15.6M NET PROFITAFTER TAX
$47.1M NTA
VALUE
~$0.26 NTA PER
SHARE
$0.01 FULLY FRANKEDDIVIDEND
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FY21 HIGHLIGHTS
Return to significant profitability - FY21 ~$15.6m NPAT
Resumed paying dividends - 1 cent per share fully franked declared. Franking Credit balance of $9.2m
Active transformation and value crystallisation of both JSB & BLC private investments releasing >$2m profit and liquidity in FOS Capital Ltd (FOS) and Cellmid Ltd (CDY) respectively
Realised > $1m profit from ASX Listed share portfolio - annualised IRR of > 50%
Acquisition of Funds Management Vehicle and relaunch of H&G High Conviction Fund. Fund achieved return of 18% in 6 months post acquisition
New Private Equity Investments - T-ShirtVentures & Mint Payments
Increase in valuation of Mountcastle & Pegasus reflecting underlying earnings growth
$5.8m EBIT generated by operating businesses (H&G share - no longer consolidated or equity accounted)
Strong Balance sheet - in excess of $7m Cash available - NTA approx. $0.26
INVESTMENT TEAM
70+ years of collective investment experience
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SANDY BEARD EXECUTIVE CHAIRMAN
- 30+ years of investment experience and Director of numerous public and private companies.
NICHOLAS ATKINSON INVESTMENT DIRECTOR
- 25+ years of experience across capital markets, corporate finance and investment management.
- Former Executive Director of Institutional Equities at Morgans Financial (14 years).
- MBA (Macquarie GSM)
- Bachelor Commerce (UQ)
- Grad Dip Applied Investment & Finance (FINSIA)
PHILLIP CHRISTOPHER INVESTMENT DIRECTOR
- 12+ years of experience across private equity, capital markets and investment management.
- Former Director at Alceon Group Private Equity (6 years) and Analyst at Goldman Sachs. Director of Cellmid Limited and Pegasus Healthcare
- Bachelor of Economics and Bachelor of Commerce (University of Western Australia)
IAIN THOMPSON
CFO & COMPANY SECRETARY
- 30+ years of finance and company secretarial experience, including 6 years at H&G
- Former Company Secretary of Brickworks Limited (ASX:BKW)
- Chartered Accountant (CA)
- Bachelor of Economics (Macquarie University)
- GAICD
- Grad Dip Company Secretarial Practice
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PORTFOLIO ACTIVITY SETS STRONG PLATFORM FOR GROWTH IN FY22
LIQUIDITY REALISATIONS: | GROWTH/M&A: | NEW INVESTMENTS: | |
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HGL Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 00:09:06 UTC.