Hub24 Limited · ASX:HUB
Hub24 — Investor Presentation (October 2021)
12 slides from Hub24's investor presentation, Oct 18, 2021
Slide 1: Proposed Acquisition of Class Limited
PROPOSED ACQUISITION OF CLASS LIMITED 18 OCTOBER 2021
Slide 2: Transaction Overview
TRANSACTION OVERVIEW EMPOWERING BETTER FINANCIAL FUTURES TOGETHER - TWO MARKET LEADING WEALTH TECHNOLOGY BUSINESSES Scheme Key Timing & Overview consideration highlights conditions¹ • HUB24 Limited (ASX: HUB) and • Scheme consideration for 100% of • Two highly complementary businesses with • Expecte
Slide 3: About Class
ABOUT CLASS Market-leading SMSF administration software provider with 29% share of addressable SMSF administration software market¹ Industry recognition for product innovation & customer service excellence 3-year strategic transformation underway to expand core SMSF offer into multi-product software
Slide 4: Class - Attractive Fundamentals
CLASS - ATTRACTIVE FUNDAMENTALS REIMAGINATION STRATEGY DELIVERING Revenue (A$m) EBITDA (A$m) Unique Customers¹ (#) Revenue EBITDA² 4x customer growth over 4 years CAGR – 18% over CAGR – 10% over past 3 years past 3 years 54.9 21.0 7,771 17.9 18.2 44.1 15.9 6,387 38.3 14 34 28.9 10.1 YoY growth: YoY
Slide 5: Strategic Rationale
STRATEGIC RATIONALE The combined business will benefit from increased scale, capabilities, product offering, distribution reach and technology resources Lead the wealth industry as the best provider of integrated platforms, technology & data Aligns to our Delivers growth Combines market solutions De
Slide 6: Complementary Businesses
COMPLEMENTARY BUSINESSES SMSF administration – Class Super Custodial administration – Platforms Product Trust Administration – Class Trust Non-custodial administration - PARS Suite DocTech – NowInfinity HUBconnect Portfolio Reporting & Portfolio Administration – Class Portfolio Clients Over 3,200 Ad
Slide 7: Benefits for Class
BENEFITS FOR CLASS CUSTOMERS EMPLOYEES SHAREHOLDERS • HUB24 will continue to invest • Class employees will join a • Significant premium to in the Class business for growing ASX 200 company recent trading growth opportunities committed to market- • Opportunity for Class leadership • Opportunity to le
Slide 8: Post Acquisition Snapshot
POST ACQUISITION SNAPSHOT REVENUE PRE & POST AS AT 30 JUNE 2021 HUB24 Class Combination Pro Forma Technology Other Document Sales Other Solutions Document Sales 6% 4% Software 3% 1% 9% Subscriptions Revenue Revenue 29% Revenue $107.8m $54.9m $162.7m Customer base¹ Customer base¹ 3,201 7,771 62% 4% P
Slide 9: Summary
SUMMARY Proposed acquisition 8% EPS accretive in FY23 Highly complementary accelerates current HUB24 Delivers compelling value (excluding revenue businesses with aligned and Class strategies for for HUB24 and Class synergies and one-off expertise, culture & values ongoing industry leadership shareho
Slide 10: Indicative Timeline
INDICATIVE TIMELINE 2021 Early to Mid December 2021 First Court Hearing Early to Mid December 2021 Class to dispatch Scheme Booklet to its shareholders 2022 Mid to late January 2022 Class Shareholder Scheme Meeting Early February 2022 Second Court Hearing Early February 2022 Effective Date Mid to la
Slide 11: Disclaimer
DISCLAIMER SUMMARY INFORMATION FORWARD LOOKING STATEMENTS The material herein is a presentation of general background This presentation contains certain forward-looking statements. information about HUB24 Limited’s (‘HUB’) activities current as The words ‘anticipate’, ‘believe’, ‘expect’, ‘project’,
Slide 12: AUB
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