Investor Presentaiton
TWS - LOWER REVENUE DRIVEN BY A
RANGE OF IMPACTS
$m
50
TWS REVENUE
49
49.1
48
47
46
(1.4)
47.7
(0.2)
(1.0)
(0.7)
45
44
FY20
Single estate Adjusted
impact on Revenue
FY20
FY20
Competitive Interest rate
repricing
fees on
Advice
impact on
cash funds
Equity
market
impact on
dividend
distirbution
revenue
$b
10
8.1
8
TWS FUMAS¹
21%
9.8
0.3
4.6
0.9
47.0
6
3.9
0.6
4
0.6
2.1
1.6
2
Equity
market
impact on
FUMAS¹
Organic
growth
FY21
2.5
2.0
2
2H20
FY21
STA
Philanthropy Trusts & Estates Wealth Advice Asset Management²
• Positive revenue impact from solid growth in FUMAS for philanthropy, trusts and estates and excellent asset management investment performance
Investment performance in Australian equity portfolios has seen gross alpha between 1.6% and 2.2% over the last year
•
•
This has been offset by:
•
•
Reduced cash rates;
Normalisation of estate revenues in the period; and
Impact of market volatility on dividend distribution revenue (e.g. reduced dividends)
1 FUMAS: Funds under management, administration, advice and supervision
-Market impact of FUMAS links ~50% of TWS revenue to the average ASX 200 index
2 Asset Management includes TWS Investment Mandates, Superannuation Mandates and Common Funds
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