In 2019 we achieved a record Underlying financial result and today we manage $5 billion in assets for client. Total AUM is one metric that indicates overall scale and growth in Asset Management. However, we have been successful in retaining the investment funds of many SIV clients within our portfolio of available funds. Promising inflows into this new Fund have continued in 2020. It is worth noting that over our first decade of operation our Corporate Advisory business has remained very consistent in terms of performance. ^^ 557 Buy recommendations published by Intelligent Investor between 1 June 2001 and 30 June 2019 were independently verified by EY, as per the Recommendations Report; adjusted for franking, excludes admin and brokerage costs. The largest activity for MAHM is managing and operating the hotels assets owned by ASX listed Redcape Hotel Group (ASX:RDC) being 32 venues with a gross asset value of approximately $1.2 billion. You will have the opportunity to opt out of receiving communications from us every time we contact you. In 2019 Moelis Australia celebrated its tenth year of operation and pleasingly delivered a strong financial performance – highlighted by record Statutory and Underlying Revenue. 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. Request a Sample Copy of the Research Report… His increased client focused role will, I believe, contribute significantly to the ongoing growth of the business.”. This is in part due to transactions which commenced in FY19 but will not close until FY20. Investor Day Presentation & … The nature of our business means that it is complex to forecast expected revenue performance with precision so early in our financial year. We are supportive of the review which is the third review of the terms of the SIV program since its commencement in 2012. This information should be read in conjunction with the 2018 Annual Report. Chairman and Chief Executive Officer’s Letter Dear Shareholder We are pleased to present our 2018 Annual Report after another productive year of operation. Key financial metrics for FY19 relative to the prior corresponding period of FY18: When reading our Statutory and Underlying results, the most significant adjustments are: Performance Review of Core Business Activities. Continuing to grow Moelis Australia, as we have done over the past decade, requires a careful balance of investment, innovation and risk management. In total, we hired 24 team members across the Group in FY19, Declaration of a fully franked Dividend of 10.0 cents per share, an increase of 25% on FY18. Consolidated statement of … Redcape Hotel Group has issued its first earnings results for its 32 venues since listing on the Australian Stock Exchange on 30 November 2018. In 2019 we welcomed three new Managing Directors and associated teams. The Fixed Income Fund has been particularly attractive to investors in today’s low interest rate environment. 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. This accounting treatment does not relate to the valuation of the Fund or our co-investment, The $2.2 million gain on the sale of our 50% interest in a boutique asset management business. Our ECM business is performing strongly. We are actively exploring opportunities to grow our credit origination platform. Moelis Australia Independent Chairman Mr Jeffrey … The size of the residential mortgage market in Australia is in excess of $1.8 trillion. Our market leading position in the SIV programme and service to Chinese clients was recognised by winning the 2019 AUSTCHAM Westpac Business Excellence Award for Professional and Business Services. 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 AGM presentation is available on our Presentations page, please click here Opens in new window to view.. Facts and figures are current as at 19 August 2020. We believe we achieved an appropriate balance of delivering attractive short-term results while investing for future growth. Overall, Asset Management Revenue which is recurring in nature, represented 74% of total Underlying Revenue for our Asset Management activities. Navigation. Moelis Australia Hotel Management Pty Ltd (ACN 619 297 228) is the appointed investment manager and hotel operator of Redcape. This included acting on eight IPOs, which includes three of Australia’s largest 10 IPOs. Corporate Advisory & Equities revenue recognised thus far in FY20 is above that at the comparable time in FY19. 28 April 2021: Add to Calendar : FY21 Results Announcement. Redcape Hotel Group (RDC) is an Australian hotel business operating a portfolio of 32 hotels located across NSW and QLD. Our Fixed Income Fund also had strong capital inflows during FY19 and has ~$110 million of AUM (up ~$100m in FY19). 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. Inflows into our Secured Loan Series Fund have been strong. This Fund provides loans to small and medium sized enterprises backed by a combination of real estate, equipment and receivable assets. The trustees present their annual report and financial statements of the charity for the year ended 31st March 2019. At 31 December 2019 we had approximately $4.9 billion in AUM (up 32% on 31 Dec 2018). Directors The directors of the company in office at any time during or since the end of the financial year are: Andrew Pridham AO – Chairman Mr … I plan to personally drive this initiative as part of my new role. 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. Overall, the net flow of SIV capital to our funds continued to grow in FY19. It is important for me to emphasise that Andrew will continue an active involvement in the business as an Executive Director, major shareholder and Group Vice Chairman. We have had pleasing results in attracting investment from foreign HNW clients into funds not related to the Significant Investor Visa (“SIV”) programme. Audit, … Prior to our Initial Public Offering (“IPO”) in early 2017, Moelis Australia operated under the single trading name of Moelis & Company. The report summarised the period as a “strong first quarter performance followed by some variable trade at certain venues late in 1H19 extending into the current period”. Redcape Hotel Group's dividend payments per share have declined at 27% per year on average over the past two years, which is uninspiring. Redcape Hotel Group Half-Year 2020 Results 2020 - Redcape Hotel Group Management Annual General Meetings. Redcape Hotel Group of approximately $ 57 million of AUM ( up ~ $ 250 million of core borrowings redcape... 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