Moelis Australia is pleased to present its financial performance for 2019 (“FY19”), provide commentary on our outlook for 2020 & beyond and detail changes to our Board and management structure. Sales costs were $67.6m, representing a gross profit margin of 52.6 per cent. Annual Report … GET THE ANNUAL REPORT Email ; Created with Sketch. Moelis Australia Limited … The current market is presenting us with many opportunities. The definition of an insider can differ slightly between different countries, but members of the … Many of our early SIV investors have now reached their prescribed investment horizons and are eligible for residency. By actively investing in the development of our people I believe we can continue to grow our reputation as a Company people are proud and excited to work for – a benefit in recruitment, retention and achievement of career satisfaction. In FY2019 productivity was $1.2 million per executive, the same as in FY18 despite adding 12 new executives.7. Mr Julian Biggins and Mr Chris Wyke, both co-founders of the Company will become joint CEOs. In November 2019, a single asset Fund managed by MAHM contracted to acquire the iconic Beach Hotel in Byron Bay for $104m (before-costs) with settlement occurring on 10 February 2020. 09 October 2019. Over the course of FY19 we achieved an appropriate balance of delivering strong Underlying financial results while investing for future growth. The underlying assets of this Fund include consumer, commercial and accounts receivable backed loans. Trading and Earnings Update Teleconference Call. Overall 2019 was a very pleasing year for Moelis Australia. At 31 December 2019 our cash balance was $128.8 million, and this is after investing $27.2 million in a successful buy-back of 8 million shares at $3.40 per share. The results of the AGM were published on the ASX are available here Opens in new window. At the time of listing the name was changed to Moelis Australia to reflect the independent listing of the Australian business and introduction of third party shareholders. Contents Page . If a company chooses to publish the data, it’s usually once a year in their Annual Report. The household name you know and trust. Presentation at Morgans Conference. Home About Back. Redcape Hotel reported net loss of $4.93m for the year ended 30 June 2019. REPORTS & ANNOUNCEMENTS. The detailed report makes for interesting reading. Mr Wyke will be appointed to the Moelis Australia Board and his employment terms remain unchanged as set out in the 2019 Annual Report. Growth in net Assets Under Management (“AUM”) of $1.2 billion, taking total AUM to $4.9 billion (+32% on FY18). Appendix 4E and Annual Report. Details of the qualifications, experience and expertise of each Director is set out in Redcape’s latest Annual Report dated August 2019 and s available on Redcape’s website at www.redcape.com.au. Importantly, base management fee income grew by 21% in FY19. Core Real Estate (~$2.2 billion of AUM primarily across shopping centres and commercial assets); Operating Real Estate (largely Hospitality) (~$1.2 billion of AUM); Credit Strategies (~$0.9 billion of AUM); and, Private Equity, Venture Capital and ASX Listed Equities (~$600 million of AUM), Net increase in AUM since the end of FY19 has been approximately $150m. The impact of the share buy-back increases future earnings per share (“EPS”) by approximately 5%, all else being equal. In the second half of 2019 we were involved in raising over $2.2 billion in equity for clients across 18 transactions. Moelis Australia Hotel Management Pty Ltd (ACN 619 297 228) is the appointed investment manager and hotel operator of Redcape. This fee was included in the FY18 Statutory result but not recorded as Underlying Revenue until FY19. At 31 December 2019 we had approximately $4.9 billion in AUM (up 32% on 31 Dec 2018). It demonstrates the shared view of the Board and Andrew that strong businesses need to continue to evolve. However, we note that fee outcomes differ between Funds and that our principal focus remains the performance of each Fund and the overall revenue earned across our portfolio of AUM. Truly the one-stop destination, Harvey Norman offers a range of solutions for every room - superb quality and style in the living room, comfort and support you need in the bedroom, the latest innovative technology for entertainment and food preparation, and everything you need to set up the perfect home office. The nature of our business means that it is complex to forecast expected revenue performance with precision so early in our financial year. Moelis Australia Hotel Management (“MAHM”) is our wholly owned hospitality management business. As at 31 December 2018, including Redcape Hotel Group head-office management. Grand Hotel, Rockdale (-$30.2m). The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed (dated 29th May 1991), the It also delivers a cash yield of approximately 8% per annum and potential for capital growth. Our initiatives in the Credit space have increased significantly over the past 12 months. ASX:RDC Income Statement, October 14th 2019. Statutory EBITDA down 8% ($52.0 million down from $56.2 million), Statutory Net Profit after Tax down 23% ($23.5 million down from $30.5 million), Cash and cash equivalents up 49% ($128.8 million up from $86.7 million), Net Tangible Assets per share of $1.36 (down ~5% from $1.43), Fully franked Dividend of 10.0 cents per share (up 25% from 8.0 cents per share), Shares on Issue at 31 Dec 2019 ~146.6 million (down ~5% on 31 Dec 2018 following buy-back), Underlying Revenue up 16% ($158.3 million up from $136.3 million), Underlying EBITDA up 6% ($63.5 up from $59.8 million), Underlying Net Profit after Tax up 2% ($40.2 million up from $39.3 million), Underlying EPS up 3% (26.5 cents up from 25.7 cents), The addition of a $6.4 million performance fee relating to our management of Redcape Hotel Group. The report also highlights growth capital expenditure of $4.9m due to the “major” renovations at the Leumeah Hotel and a $4.2m “material refurbishment” at the Eastwood Hotel. 2019 – Strong Business Growth and Increased Dividend, Private equity and venture growth capital, backed by a combination of real estate, equipment and receivable assets. In order to better reflect our evolving focus and business activities, Moelis Australia will progressively change the branding of its Asset Management division to MA Asset Management. This partnership is principally focused on the provision of Corporate Advisory and Equity services in Australia and New Zealand. As we have previously stated, we believe Real Estate and Credit assets continue to be sought by our clients. That said, we are well positioned for the year ahead. Our office in Shanghai serves as a headquarters for our China team that now also has an ongoing presence in Beijing. Auditor's independence declaration 15 . Insider Ownership Of Redcape Hotel Group. Annual Financial Report 31 October 2019 _____ Sydney Swans Limited 1 Directors’ Report The directors present their report, together with the financial statements of Sydney Swans Limited (the company) for the year ended 31 October 2019. 28 May 2018 - Investor Day Presentation. The Group achieved many successes both financially and operationally. We continue to believe that the combination of our Corporate Advisory & Equities business with that of our Asset Management platform enables us to hire, develop and retain high quality people who deliver great results for our clients and investors. Corporate Spotlight; … It is worth noting that over our first decade of operation our Corporate Advisory business has remained very consistent in terms of performance. The results show the group explored 15 venue acquisitions, eventually acquiring six, paying $158m in total for them, all off-market. He will now move to the position of Group Vice Chairman effective 2nd March 2020. Over this time frame, we have continued to focus on refining proprietary systems and overall product development. Mr Biggins has been on the Board since IPO. 17 February 2021: Add to Calendar : 3Q21 Sales Results. We continue to grow our reputation and capability in ECM services in Australia. Inflows into our Secured Loan Series Fund have been strong. I remain passionate about and fully committed to the business. © Copyright 2021 Moelis Australia. Directors' report 3. I am particularly passionate about our plans to establish “The Moelis Academy”. Renovations at the Leumeah Hotel cost Redcape Hotel Group $4.9m. Underlying Revenue in Asset Management increased 14% to $96.7 million, Strong growth in revenue. This investment delivers strong alignment with Redcape’s security holders. [7] Our strategy has been to progressively grow our advisory headcount but with a clear focus on maintaining acceptable productivity per executive as we do so. Our growing network of Chinese clients continues to demonstrate the benefits of this expansion. Moelis Australia Independent Chairman Mr Jeffrey … These hires reflect an important long-term investment in growing our capability in Corporate Advisory & Equitiess. Audit, … Mr Pridham said “Having worked so closely with Julian and Chris for almost 20 years I have complete confidence that each has the experience and skills necessary to drive the ongoing growth of the Company. Opens in new window. We believe that this allows us to better control their credit characteristics, pricing and volume. [7] Average full time FTEs at 31 December 2019, [8] Excludes Mater Credit Trust and Redeemable Preference Shares, for more information please see Note 23 of the FY19 Annual Report. Mr Biggins has been on the Board since IPO. This report is based on the consolidated financial statements which have been audited by Deloitte Touche Tohmatsu. This included acting on eight IPOs, which includes three of Australia’s largest 10 IPOs. The final dividend declared was 4.34 cents, taking … Basic and Diluted EPS were (0.93) cents compared to nil cents last year. Despite this we are delighted with the positive influence of our newest team members. Key areas of focus are: Net AUM growth was $1.2 billion which reflects client inflows less client redemptions and the sale and purchase of some managed assets. These are roles I have enjoyed over my 30 years working in the investment banking industry. Overview; Created with Sketch. Investors in the Fund benefit from Moelis Australia’s credit enhancement structure. This includes seeking opportunities to increase our activities in originating and managing residential mortgages. 2020 Annual General Meeting. Market Cap $483.1M ! Detailed reconciliations between the Underlying and IFRS measures are provided in Moelis Australia’s 2019 Results presentation and note 3 of the Directors Report of its 31 December 2019 Consolidated Financial Report (“2019 Results”), [2] Statutory Revenue refers to Total income on the Consolidated Statement of Profit or Loss and Other Comprehensive Income, [3] Statutory Revenue refers to Total income on the Consolidated Statement of Profit or Loss and Other Comprehensive Income, [4] Statutory EBITDA is not a recognised IFRS measure but has been presented to provide a comparable measure to the Underlying Result, [5] Underlying Revenue, EBITDA, NPAT and EPS and other measures of underlying performance are not prepared in accordance with International Financial Reporting Standards (“IFRS”) and are not audited. Let's take a closer look to see what the different types of shareholder can tell us about RDC. Key strategic hires in all areas of the business represents an investment for future growth. Our lending platform in this credit vertical today manages a loan book comprising approximately 17,000 borrowers. An estimate of costs for refurbishing the Cabramatta Inn currently underway of around $7m is also detailed, with a current completion date of June 2019. We believe this dynamic will persist over the medium to long-term in the Australian market and we are focused on increasing our presence in credit. This business continues to show strong growth and attractive returns. ANNUAL REPORT – 30 JUNE 2019 Redcape Hotel Group (ASX:RDC) is a leading hospitality group of 800+ dedicated people, who passionately serve 30 different communities across Australia’s east coast. ASX:RDC Income Statement, August 7th 2019. Prudent capital management. 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