Key insight: HSBC taps powerful former Citi executive to bolster its private-banking business. Supporting data: HSBC, which aims to be the leading private bank in Asia, the Middle East and the United Kingdom, is trying to increase its assets under management in the UK to $135 billion by 2028. Forward look: Liu is tasked with leading a global effort to attract more wealthy customers to HSBC. HSBC has hired former Citigroup executive Ida Liu to be the next CEO of its private bank. Liu will join the Lon ...

Socioeconomic Challenges - The presentation addresses the broken promises to younger generations regarding financial stability and homeownership, leading to widespread uncertainty [3][4][5] - Real estate values have increased significantly (e.g., houses from $100,000 to $500,000, apartments from $30,000 to $100,000), while salaries have not kept pace, making housing unaffordable [7][8] - In Quito and Guayaquil, the average salary can afford less than 1 square meter of property, highlighting the difficulty of purchasing homes [10] - Only 11% of individuals under 35 in Latin America can access mortgage loans, limiting homeownership opportunities [15] - The cost of raising a child from 0 to 18 years is estimated between $150,000 to $300,000, making parenthood a high-risk decision [17] Demographic Shifts - Ecuador's population is aging, with a projected shift in 2050 towards a larger older population and a smaller younger base, impacting social security [19][20] - The fertility rate in Latin America in 2023 was 69% lower than in 1960, indicating a significant decline in the number of children per family [21] - 72% of millennials prefer having pets over children, reflecting changing priorities and economic realities [22] Labor Market Dynamics - 43% of young people in Latin America work in the informal sector, lacking job security and access to credit [28] - The rise of artificial intelligence poses a threat to white-collar jobs, potentially increasing unemployment [24][25][26] Generational Wealth and Social Issues - Millennials have 20% less wealth than boomers, partly due to the dilution of inherited wealth [30][31] - One in four young people in Latin America reports symptoms of anxiety and depression, linked to societal failures and economic pressures [35] Call to Action - The presentation emphasizes the need for collective action to rewrite the social contract and create a more equitable world for future generations [40][41][42]

[Music] Hello everyone. Um, my name is Baku. I'm a visual artist living and working in Hanoi.Full disclosure, I have never stood before this many people and deliver a speech. So when I first got invited, the first reaction was like, "Shit, that's not me." So yeah, so I I um I drafted a response to to say that um thank you, but no thank you. But then it occurred to me that well maybe maybe I should just confront your fe my fear and take this opportunity.And that's why I'm here today. So for nearly 10 years, ...

Financial Data and Key Metrics Changes - Revenue increased by 21% to $49.4 million, exceeding guidance of 15-20% [6][8] - Underlying EBITDA margin decreased slightly to 24% from 25% in the previous year, while underlying EBITDA rose by 17% [8][25] - Reported EBITDA surged by 39% to $10.6 million, and reported EPS increased by 37% to $1.87 per share [8][20] - Net profit after tax and amortization grew by 42% to $5.9 million, with net profit after tax up 59% [8][20] - Total dividends for the year increased by 4% to $1.66 per share, with a final dividend up 5% to $0.89 per share [9][29] Business Line Data and Key Metrics Changes - Wealth segment revenue grew by 38%, while business segment revenue increased by 7% [20][22] - Self-Managed Superannuation Fund (SMSF) revenue rose by 19%, recovering from a decline in the previous year [22] - Accounting division revenue increased by 11%, while capital revenue remained flat [22] Market Data and Key Metrics Changes - Funds under management increased by 58%, partly due to the Lincoln acquisition, adding $600 million [9][10] - The number of high net worth investors grew by 3,300, significantly expanding the client base [10][16] Company Strategy and Development Direction - The company aims to achieve $100 million in revenue by FY 2028 to FY 2030, with a focus on both organic and acquisition-driven growth [34][63] - Emphasis on technology integration, including a full technology review and implementation of a group-wide CRM system [14][60] - The strategy includes deep integration of acquired businesses to enhance service offerings and client engagement [64][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving growth targets, citing a strong pipeline of acquisition opportunities and a favorable operating environment [34][47] - The company is focused on addressing working capital issues, with a goal to reduce excess tied-up capital [28][72] - Management highlighted the importance of a balanced approach to capital allocation, ensuring continued dividend payments while pursuing growth [57][72] Other Important Information - The company has maintained a modest debt level at 1.3 times underlying EBITDA, indicating strong financial health [8][27] - A significant focus on intergenerational wealth transfer and alternative asset management as key growth areas [17][18] Q&A Session Summary Question: How confident is the company in achieving the $100 million revenue target? - Management expressed strong confidence based on past performance and current growth trajectory, with organic growth settling between 6-10% and two-thirds of growth expected from acquisitions [34][36] Question: Can you provide a breakdown of organic and inorganic growth? - Revenue growth was 21%, with approximately 7% from organic growth and 14% from acquisitions, including a two-month contribution from Lincoln indicators [37][39] Question: What were the key drivers behind the reported EBITDA increase? - The reduction in non-recurring items significantly contributed to the improvement, with non-recurring costs halving compared to the previous year [41][44] Question: How are the recent acquisitions performing? - Acquisitions are performing well, with strong integration and cross-referrals contributing to overall business growth [45][46] Question: What is the outlook for FY '26? - Guidance will be provided at the AGM, but management anticipates continued growth and opportunities in the market [47][48] Question: How does the company plan to fund future acquisitions? - The company has a Westpac facility in place and typically issues 20-50% of acquisition consideration in shares, maintaining a business owner mindset [54][55] Question: How does the company view AI's impact on revenue streams? - AI is seen as both an opportunity and a challenge, with a focus on enhancing client service through technology while maintaining a human touch [59][61]

Full Year 2025 (FY25) Results Presentation 26 August 2025 For personal use only How We Do It OneConnected team - Building scale and capability organically and via acquisition Who We Are For personal use only 2 2 Accounting & Business Advisory Alternative Funding Consulting Employee Share Plan Administration & Management Corporate Finance, M&A & Corporate Development Investment Research & Retail Managed Funds/Solutions SMSF Advice & Administration Property Asset Management Alternative Asset Management Strate ...