Steadfast Group

1H23 Results

Investor Presentation

2023

21 February

Table of Contents

1H23 Results Investor Presentation

03

14

22

24

1H23 Highlights

1H23 Financial Summary

Outlook

Appendices

2

1H23 Highlights

3

Continued strong track record since listing on ASX

Steadfast Group

Steadfast Network GWP ($bn)

12

10

8

6

4

2

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

Underlying NPAT ($m)

150

100

50

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

Dividend per share (cents per share)

10

5

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

Steadfast Underwriting Agencies GWP ($bn)

2.0

1.5

1.0

0.5

0.0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

Underlying NPATA ($m)

200

175

150

125

100

75

50

25

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY221H23

Steadfast Client Trading Platform GWP ($m)

1,000

900

800

700

600

500

400

300

200

100

0

FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

H1

H2

Underlying EBITA ($m)

360

320

280

240

200

160

120

80

40

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY221H23

Underlying diluted EPS (NPAT) (cents per share)

18

16

14

12

10

8

6

4

2

0

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY221H23

Brokers migrated to INSIGHT1

200

150

100

50

0

FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H23

4

1

Some brokers have now merged

2

Restated with GWP from PSC excluded from 1 July 2021.

Steadfast Group

Increase in underlying NPAT of 18.2% pcp

Underlying earnings 1 (refer slide 16)

  • EBITA +22.5% to $188.6m (1H22 $153.9m)
  • NPAT +18.2% to $90.2m (1H22 $76.3m)
  • NPATA +18.8% to $111.1m (1H22 $93.6m)
  • Diluted EPS (NPAT) +7.7% to 9.06 cps (1H22 8.41 cps)
  • Interim dividend +15.4% to 6.0 cps fully franked (1H22 5.2 cps)

Statutory earnings1

  • NPAT of $84.7m (1H22 $104.9m), with the reduction in statutory earnings was due to non-trading items (refer slide 15)

1 For reconciliation of underlying to statutory earnings, refer to slides 15 and 44.

Broker and underwriting agency growth

  • Equity brokers (including Network) aggregate underlying EBITA +21.9% (refer slide 18)
  • Underwriting agencies' aggregate underlying EBITA +19.1% (refer slide 19)

Diluted EPS growth

  • Diluted EPS growth impacted by capital raise to fund acquisitions

Acquisition growth

  • Completed EPS accretive acquisitions for a net cost of $449m including IBA (refer slide 6)
  • On target to complete $220m of Trapped Capital acquisitions in FY23

Future growth

  • As at today, debt facility capacity of $227m available to fund acquisitions (plus free cash flow)

Steadfast distribution footprint

  • Total Steadfast distribution CY22 GWP footprint is $13.4b (CY21 $12.1b)

Steadfast Network GWP

$11.5b

Steadfast Underwriting Agencies GWP

$1.9b

Total Steadfast GWP

$13.4b

  • PSC is no longer part of the Steadfast Network effective 1 July 2022

5

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Disclaimer

Steadfast Group Ltd. published this content on 22 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 04:46:05 UTC.