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Olympia Financial Group Inc. (T:OLY)

Business Focus: Investment Trusts

Sector:  Financials Industry:  Investment Trusts
See Regulatory Filings on SEDAR
Company Contact
Address: 2300-125 9 Ave SE
Tel: N/A
IR: See website
Key People
Rick K. Skauge
President, Chief Executive Officer, Non-Independent Director
Lori Ryan
Vice-President, Registered Plans of Olympia Trust Company
Gerhard Barnard
Chief Financial Officer, Vice President - Finance
Robin Fry
President of Olympia Benefits Inc.
Jim T. Wilson
President - Olympia ATM
Craig Skauge
Executive Vice President, Non-Independent Director
Bilal Kabalan
Vice-President - Information Technology, Chief Information Officer
Kelly Rosyla Revol
Vice President - Operations
Andrea Gillis
Vice-President - Client Services
Derick Kachuik
Vice-President - Foreign Exchange of Olympia Trust Company
Business Overview
Olympia Financial Group Inc. (Olympia) conducts its operations through its subsidiary Olympia Trust Company (Olympia Trust). The Company operates through Registered Plans division, which specializes in account administration and provides administration of registered accounts that invest in arm's length mortgages and syndicated mortgages; Private Health Services Plan division, which markets, sells and administers health and dental benefits to business owners through, Olympia Benefits Inc., a subsidiary of Olympia; Foreign Exchange division, which provides corporations and private clients a personalized service of buying and selling foreign currencies at competitive rates while providing security for the clients throughout the entire process of the transaction, and ATM division, which conducts its business under Olympia ATM Inc. is focused on building a portfolio of automated teller machines (ATMs) and on the retail sale, repair and maintenance of ATMs and ATM parts to other operators.
Financial Overview
For the nine months ended 30 September 2019, Olympia Financial Group Inc revenues decreased 2% to C$36.7M. Net income before extraordinary items remained flat at C$7.3M. Revenues reflect FX segment decrease of 38% to C$4.6M, RRSP segment decrease of 17% to C$12.4M. Net income reflects Unrealized foreign exchange decrease from C$1.1M (expense) to C$2.1M (income), Depreciation and amortization decrease of 27% to C$415K (expense).
Employees: 205 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $123.72M as of Sep 30, 2019
Annual revenue (TTM): $49.40M as of Sep 30, 2019
EBITDA (TTM): $12.67M as of Sep 30, 2019
Net annual income (TTM): $9.92M as of Sep 30, 2019
Free cash flow (TTM): $3.03M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 2,406,336 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization