Praemium (PPS) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners, welcome from Chairman and CEO, and explanation of hybrid format for shareholder participation.

• Board members, senior executives, auditors, and share registry representatives were introduced, including new and outgoing partners.

• Procedures for submitting questions and voting, both online and in-person, were outlined.

• Agenda included Chairman's Report, CEO's address, Q&A, and formal business with resolutions.

Financial performance review

• FY24 revenue reached $84.9m, with EBITDA of $21.5m and a record $12.5m in the second half.

• Revenue increased 15% half-on-half and 11% annually, with higher margin SMA products showing strong growth.

• $14.7m was returned to shareholders via a $9.9m buy-back and $4.8m dividend.

• Acquisition of OneVue integrated, delivering estimated synergies and an earnings uplift of $3m per year.

• Strong balance sheet maintained post-shareholder returns and OneVue acquisition.

Board and executive committee updates

• Board and executive team introduced, with specific mention of new, continuing, and outgoing directors.

• Re-election of Stuart Robertson and Claire Willette as directors was proposed and supported by the board.