Statutory Revenue up 7% to $153.7 million and Underlying Revenue up 16% to $158.3 million, Acceleration of investment in people. 0.57% 87.5¢ REDCAPE HOTEL GROUP - Announcements. Since listing, the proportion of Moelis Australia’s business relating to asset management has grown materially (AUM of $1.2 billion at IPO has grown to approximately $5 billion today). In total our average Corporate Advisory headcount increased 34%. Moelis Australia Independent Chairman Mr Jeffrey … Key results include strong revenue growth of 17.5 per cent and operating EBITDA up 13.8 per cent for the last six months of 2018, with both primarily driven by acquisitions. The household name you know and trust. This positive earnings momentum, together with a promising transaction pipeline, gives us confidence for the first half of FY20. All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (7 days for ASX 300 and up to 30 days for micro-caps). Additional information supporting the Appendix 4D disclosure requirements can be found in the Directors’ Report and the interim consolidated financial statements for the half-year ended 30 June 2019. Investors in the Fund benefit from Moelis Australia’s credit enhancement structure. Comprising Hotel Property Investments Trust (ARSN 166 484 377) and Hotel Property Investments Limited (ABN 25 010 330 515) and their controlled entities . Andrew’s transition to a new role has been carefully planned and thoughtfully timed to allow Chris Wyke and Julian Biggins, who co-founded the business with Andrew and Moelis & Company in 2009, to lead the business through its next phase of growth. Underlying Revenue in Asset Management increased 14% to $96.7 million, Strong growth in revenue. Prior to our Initial Public Offering (“IPO”) in early 2017, Moelis Australia operated under the single trading name of Moelis & Company. Our office in Shanghai serves as a headquarters for our China team that now also has an ongoing presence in Beijing. In FY2019 productivity was $1.2 million per executive, the same as in FY18 despite adding 12 new executives.7. Corporate Spotlight; … Mr Wyke will be appointed to the Moelis Australia Board and his employment terms remain unchanged as set out in the 2019 Annual Report. These are roles I have enjoyed over my 30 years working in the investment banking industry. This investment delivers strong alignment with Redcape’s security holders. Email ; Created with Sketch. ASX:RDC Income Statement, October 14th 2019. 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. This information should be read in conjunction with the 2019 Annual Report. Corporate Advisory revenue has typically been seasonal with a clear skew to the second half. Hotel Property Investments Report for the Year Ended 30 June 2018 Page | 2 . With that in mind, Moelis Australia today announces the following key changes to its management structure and Board: Mr Andrew Pridham, as a co-founder has been CEO of Moelis Australia since 2009. Andrew Pridham appointed Moelis Australia Group Vice Chairman; and, Julian Biggins and Chris Wyke appointed Joint Chief Executive Officers of Moelis Australia. I am particularly passionate about our plans to establish “The Moelis Academy”. This report is based on the interim consolidated financial statements for the half-year ended 30 June 2019 … This Fund has ~$250 million of AUM (up ~$130 million in FY19). Mr Andrew Pridham said “Our business is in great shape. Moelis Australia Independent Chairman Mr Jeffrey Browne said “Andrew is an outstanding leader, proven business builder and deal maker. 30 June 2018: Annual Report: PDF: 30 June 2018: Annual Results Presentation: PDF: 31 December 2017: Interim Report: PDF: 31 December 2017: Interim Results Presentation We manage assets for an increasingly diverse portfolio of Institutional, High Net Worth (“HNW”) and Retail investors. Click for more information. Over the course of FY19 we achieved an appropriate balance of delivering strong Underlying financial results while investing for future growth. The size of the residential mortgage market in Australia is in excess of $1.8 trillion. 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. Contents Page . $50m in December 2018 for three South Coast venues. Opens in new window. The fourth quarter of FY19 was particularly encouraging and this strength has carried over into FY20. It also delivers a cash yield of approximately 8% per annum and potential for capital growth. We have made significant investment in people (24 hires in 2019), technology and offices to assist in growing our capacity to raise and manage third-party funds in our various investment strategies. Request a Sample Copy of the Research Report… Overall 2019 was a very pleasing year for Moelis Australia. The detailed report makes for interesting reading. Rent revenue increased by 5.78% due to underlying rental income growing by around 3.3% and acquisitions of Gregory Hills Hotel and Acacia Ridge Hotel during the year. Corporate Details. Company details Name of entity: Redcape Hotel Group comprising Redcape Hotel Trust I (ARSN 629 354 614) and Redcape Hotel Trust II (ARSN 629 354 696) Reporting period: For the year ended 30 June 2020 Previous period: For the year ended 30 June 2019 2. 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. A copy of the Hotel Property Investments audited Annual Report is attached. Corporate Advisory activity in the second half of FY19 was strong. Continuing to grow Moelis Australia, as we have done over the past decade, requires a careful balance of investment, innovation and risk management. 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 … We believe that this allows us to better control their credit characteristics, pricing and volume. 11 June 2019. GET THE ANNUAL REPORT Our balance sheet is strong, and we continue to identify and review exciting growth opportunities. Redcape T :+61 2 9719 4000 F :+61 2 9719 4099 Email Us. We are supportive of the review which is the third review of the terms of the SIV program since its commencement in 2012. The Group achieved many successes both financially and operationally. In the second half of 2019 we were involved in raising over $2.2 billion in equity for clients across 18 transactions. Discussion; Created with Sketch. This was primarily driven by advising on an increased number of transactions compared with FY18. Growing our presence in China remains an ongoing priority. SGR Trading and Earnings Update. Moelis Australia Limited … I believe that their leadership will deliver great results in the years ahead. The Asset Management division produced approximately 77% of Moelis Australia’s Underlying EBITDA before corporate overheads in FY19. Market Cap $483.1M ! Equities commissions were slightly lower (-$300k) in FY19 than FY18 but the division made a significant contribution in the facilitation of Equity Capital Market (“ECM”) transactions throughout the year. 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