viewMainstream Group Holdings Ltd

Mainstream Group to showcase fund administration growth at Sydney Proactive CEO Session

The next luncheon session in Sydney on Monday 19 November will include Mainstream Group Holdings.

market concept
Shares are priced at 70.5 cents, nearly double their 40 cent IPO price

Mainstream Group Holdings Ltd (ASX:MAI) has rewarded shareholders with continued growth since its initial public offering (IPO) of shares at 40 cents in October 2015.

The company is a specialist fund administrator for the financial services industry earning recurring revenue from long-term contracts underpinned by growth in wealth management sector.

Its clients are typically fund managers, superannuation trustees, listed companies, family offices and dealer groups.

Mainstream administers 815 funds globally with $138 billion under administration supporting more than 340 clients.

Growth across all financial and operational metrics in FY18

Mainstream continued to show its ability to grow with revenue up 42% on FY17 to $41.8 million and EBITDA up 49% on FY17 to $6.4 million.

NPAT was also up 22% on FY17 to $1.7 million.

Importantly, the business showed its ability to grow organically with funds under administration rising 17%, the majority of which came from existing clients.


Raised $9.5 million in September

Mainstream raised $9.5 million through a private placement of shares priced at 70 cents in September 2018.

Funds will be used to accelerate and support a growth strategy by providing additional regulatory capital, funding a proprietary wealth management platform and expanding US operation.

Notably, the placement received demand for $21 million worth of stock, more than double the placement size.

FY19 off to a strong start

At the FY18 results, Mainstream confirmed it was on track to deliver revenue of $50 million to $55 million and EBITDA of $7.5 million to $9.0 million for FY19.

More recently at its AGM the company confirmed it was on track to meet these FY19 growth targets.

Register today to find out more.

Sydney details, Monday, November 19, 2018

Or call John Phillips on (02) 9280 0700

The Proactive CEO Sessions feature five presenting companies in total.

Quick facts: Mainstream Group Holdings Ltd

Price: 0.595 AUD

Market: ASX
Market Cap: $78.45 m

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