Sequoia Financial : Appendix 4D and HY22 Report

Sequoia Financial Group Limited

Appendix 4D

Half-year report

only

1. Company details

Name of entity:	Sequoia Financial Group Limited
ABN:	90 091 744 884
Reporting period:	For the half-year ended 31 December 2021
Previous period:	For the half-year ended 31 December 2020

2. Results for announcement to the market

use

Revenues from ordinary activities

Profit from ordinary activities after tax attributable to the owners of Sequoia Financial Group Limited

Profit for the half-year attributable to the owners of Sequoia Financial Group Limited

Dividends

Details of Dividends (1)

2021 Final dividend (paid 11 October 2021) (2)

2022 Interim dividend (3)

		$
up	50.9% to	79,083,238
up	57.4% to	2,617,983
up	57.4% to	2,617,983

Cents per share

$

0.60 791,882

0.50 661,123 (4)

For personal

1. All dividends are fully franked
2. 2021 Final dividend comprised of a cash dividend paid of $636,101 and dividend reinvestment allotment of $155,781
3. Record date for determining entitlement to the 2022 Interim dividend is 24 February 2022, and is to be paid on 15 March 2022
4. Estimated total dollar value based on number of shares at 31 December 2021

Comments

The profit for the Group after providing for income tax amounted to $2,617,983 (31 December 2020: $1,663,072).

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Sequoia Financial Group Limited

Appendix 4D

Half-year report

personal use only

3. Net tangible assets

		Reporting period	Previous period
		Cents	Cents
Net tangible assets per ordinary security	10.47	8.50
Calculated as follows:
		Consolidated
		31 Dec 2021	31 Dec 2020
		$	$
Net assets	43,432,763	35,898,892
Less: Right-of-use assets	(1,922,196)	(2,434,445)
Less: Intangibles	(30,385,224)	(25,938,651)
Add: Lease liabilities	2,713,802	3,300,534
		13,839,145	10,826,330
Total shares issued		132,224,520	127,401,570

4. Control gained over entities

Name of entities (or group of entities)	Argent Insurance Brokers Pty Ltd
Date control gained	November 2021

$

Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities	(18,259)
before income tax during the period (where material)
Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of	-
entities) for the whole of the previous period (where material)

5. Loss of control over entities

For

Name of entities (or group of entities)	Centreboard Super Pty Ltd
Date control lost	July 2021

Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax during the period (where material)

Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) whilst controlled during the whole of the previous period (where material)

$

-

(377,736)

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Sequoia Financial Group Limited

Appendix 4D

Half-year report

For personal use only

6. Dividends

Current period

Details of Dividends (1)	Cents per share	$
2021	Final dividend (paid 11 October 2021) (2)	0.60	791,882
2022	Interim dividend (3)	0.50	661,123 (4)

1. All dividends are fully franked
2. 2021 Final dividend comprised of a cash dividend paid of $636,101 and dividend reinvestment allotment of $155,781
3. Record date for determining entitlement to the 2022 Interim dividend is 24 February 2022, and is to be paid on 15 March 2022
4. Estimated total dollar value based on number of shares at 31 December 2021

Previous period
Details of Dividends (1)	Cents per share	$
2020	Final dividend (paid 12 October 2020) (2)	0.40	506,901
2021	Interim dividend (3)	0.40	509,606 (4)

1. All dividends are fully franked
2. 2020 Final dividend comprised of a cash dividend paid of $316,579 and dividend reinvestment allotment of $190,322
3. Record date for determining entitlement to the 2021 Interim dividend was 25 February 2021, and was paid on 15 March 2021
4. Estimated total dollar value based on number of shares at 31 December 2020

7. Dividend reinvestment plans

The following dividend or distribution plans are in operation:

The Company has resolved to implement a Dividend Reinvestment Plan ('DRP'), which will be active for the 2022 Interim Dividend. The Directors have determined that a 2.5% discount will apply to the 2022 Interim Dividend. Shares allocated to shareholders under the DRP for the 2022 Interim Dividend will be allocated at an amount equal to 97.5% of the average of the daily volume weighted average market price of ordinary shares of the Company traded on the ASX over the period of 5 trading days prior to Friday, 4 March 2022. The last date for receipt of election notices for the dividend or distribution plans is Friday, 11 March 2022.

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Sequoia Financial Group Limited

Appendix 4D

Half-year report

For personal use only

8. Details of associates and joint venture entities

	Reporting entity's	Contribution to profit/
	percentage holding	(loss) (where material)
Name of associate / joint venture	Reporting	Previous	Reporting	Previous
period	period	period	period
	%	%	$	$
Taking Control Pty Ltd (joint venture)	50.00%	-	-	-
Group's aggregate share of associates and joint venture
entities' profit/(loss) (where material)
Profit/(loss) from ordinary activities before income tax			-	-
Income tax on operating activities			-	-

9. Foreign entities

Details of origin of accounting standards used in compiling the report:

Not applicable.

10. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

11. Attachments

Details of attachments (if any):

The Interim Report of Sequoia Financial Group Limited for the half-year ended 31 December 2021 is attached.

12. Signed

Signed

Date: 17 February 2022

John Larsen

Chairman

Melbourne

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For personal use only

Sequoia Financial

Group Limited

ABN 90 091 744 884

Interim Report

31 December 2021