Eqt Holdings Ltd. · ASX:EQT
Eqt — Investor Presentation (December 2016)
16 slides from Eqt's investor presentation, Dec 20, 2016
Slide 1: Delivering on our strategy
For personal use only Delivering on our strategy Investor Presentation – 20 December 2016 Mick O’Brien - Managing Director Philip Gentry - Chief Financial Officer and COO
Slide 2: Delivering on our strategy
Delivering on our strategy For personal use only 1. Announced the acquisition of Sandhurst Trustees’ Estates business 2. Leader in trustee industry consolidation 3. Group wide operating model review exceeding expectations 4. Summary 2
Slide 3: 1. Acquisition of Sandhurst Trustees' Estates business
For personal use only 1. Acquisition of Sandhurst Trustees’ Estates business
Slide 4: Growing EQT's Trusts and Estates business
Growing EQT’s Trusts and Estates business For personal use only • Acquisition of Sandhurst Trustees’ Estates business announced on 19 December • Equity Trustees’ second acquisition of a Bank owned trustee business • Equity Trustees commitment to the values of customer service and care means we will
Slide 5: Overview of Sandhurst Trustees' Estates
Overview of Sandhurst Trustees’ Estates For personal use only • Estates business based in Bendigo Business offices, Bendigo • Clients generally located in Northern Victoria • Acquisition of assets (not an entity): – Estate Planning – Deceased Estates – Ongoing and Perpetual Trusts – Agency – Common
Slide 6: Key terms of acquisition
Key terms of acquisition For personal use only • Purchase price $5.0m • Conditional on ASIC approval (targeting 1Q17) • 4 month transition plan post-completion • Low execution risk – Utilising EQT’s internal expertise to integrate – Familiarity with Sandhurst Trustees’ estates legacy systems – Exist
Slide 7: EPS accretive in FY18
EPS accretive in FY18 For personal use only • Purchase price will be funded out of existing liquidity and funding arrangements • No material impact on capital requirements • Impact in FY18: Expected Revenue ~$2m+ p.a. Increased EBITDA ~$1m+ p.a. 7
Slide 8: 2. A leader in trustee industry consolidation
For personal use only 2. A leader in trustee industry consolidation
Slide 9: Trustee industry consolidation
Trustee industry consolidation For personal use only Dates Consolidation Previous 30 Some industry consolidation of smaller players years 2014 Two of the larger players acquired by the two market leaders Acquired by (Sydney based) Acquired by (Bank owned) Dec 2016 Acquired by Estates Business (Bank
Slide 10: Independent, unconflicted model offers significant business opportunities
Independent, unconflicted model offers significant business opportunities For personal use only • Equity Trustees’ model is to Key distribution relationships provide specialist trustee and related services to other financial institutions • Our independence means we can offer financial institutions t
Slide 11: 3. Operating Model Review exceeding expectations
For personal use only 3. Operating Model Review exceeding expectations
Slide 12: Operating Model Review exceeding expectations
Operating Model Review exceeding expectations For personal use only • Group wide Operating Model Review announced in June 2016 is being delivered – Phase 1 has delivered annualised productivity gains of $2.4m, expected to be realised by FY18 (originally targeting $2m-$3m from both Phases 1 & 2) – On
Slide 13: 4. Summary
For personal use only 4. Summary
Slide 14: Summary update
Summary update For personal use only • Sandhurst Trustees’ Estates acquisition expected to be EPS accretive in FY18 • Equity Trustees is well-placed in the consolidating trustee industry • Operating Model Review exceeding expectations • FY17 is a transition year - encouraging outlook for FY18 and be
Slide 15: 5. Questions
For personal use only 5. Questions
Slide 16: Disclaimer
Disclaimer For personal use only This document was prepared by EQT Holdings Limited (ABN 22 607 797 615) and is only provided for information purposes. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. To th