EFG International AG · SIX:EFGN

EFG International — Merger or Acquisition (November 2016)

14 slides from EFG International's merger presentation, Nov 1, 2016

  1. Slide 1: Successful and timely closing of the acquisition of BSI

    Successful and timely closing of the acquisition of BSI 1 November 2016 Practitioners of the craft of private banking 1

  2. Slide 2: Important Legal Disclaimer

    Important Legal Disclaimer This document has been prepared by EFG International AG (“EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for or purchase or redemptio

  3. Slide 3: An important milestone for the future of EFG

    An important milestone for the future of EFG  Successful and timely closing of the acquisition of BSI  Total consideration of CHF 1,060m1, generating negative goodwill of CHF 329m2  Substantial share escrow as security for known liabilities and damages  Supported by key shareholders, with EFG Gr

  4. Slide 4: Purchase price at CHF 1,060m, 0.76x P/TBV

    Purchase price at CHF 1,060m, 0.76x P/TBV Negative goodwill at CHF 329m5 (in CHFm)  Purchase price at closing of 1,389 BSI estimated TBV at closing CHF 1,060m1,2  Implied P/TBV multiple of 0.76x  52.6m EFG shares issued to BTG as 1,060  Negative goodwill generated from the consideration transact

  5. Slide 5: De-risking the acquisition

    De-risking the acquisition Indemnities for BSI legal risks Strong shareholder base  BTG has agreed to indemnify EFG against certain damages  EFG Group remains the largest shareholder with relating to breaches of: c.44% stake  any representations and warranties  BTG group becomes a 30% shareholde

  6. Slide 6: Global presence of the combined group

    Global presence of the combined group AuM by business region 148.8 Total AuM incl. loans (CHFbn) – September 2016 UK 17.8 Central 34.4 Switzerland, Europe Ticino and Italy 50.2 89.5 Asia 35.9 24.4 Romandie and 37.3 Continental Europe1 Americas 3.4 11.2 22.3 11.1 12.5 Other2 Note: AuM by business reg

  7. Slide 7: A strong, solid Swiss private bank

    A strong, solid Swiss private bank New leading player in Switzerland (in CHF bn) Incl. loans Excl. loans 2,194 698 348 1 177 166 2 3 4 4 148 143 142 121 120 1151 68 44 Source: Company information, latest available data 1 Wealth Management AuM for Pictet; Private Clients AuM for Lombard Odier 2 Inclu

  8. Slide 8: Combined AuM position at closing

    Combined AuM position at closing2 AuM evolution from 31 December 2015 until 31 October 2016 (in CHFbn)  EFG net new assets were broadly flat over the period  Negative NNA at BSI driven mostly 87.7 (17.8) by the outflows post the announcements relating to the (0.6) (5.0) 147.5 2 Malaysia matter in

  9. Slide 9: Solid combined capital and liquidity position

    Solid combined capital and liquidity position Swiss GAAP CET1 ratio at 16.8% and Total Capital ratio at 19.4%  Following FINMA approval, regulatory capital ratios of the combined group will be monitored and reported under Swiss GAAP Swiss GAAP capital ratios Breakdown of RWAs (Swiss GAAP) Swiss GAA

  10. Slide 10: Medium term operational targets confirmed

    Medium term operational targets confirmed EFG International today confirms the previously communicated medium term targets for the enlarged business, which will apply after completion of BSI’s integration:  Continually grow revenue-generating AuM with a Net new assets targeted annualized growth rat

  11. Slide 11: EFG International Executive Committee post closing

    EFG International Executive Committee post closing CEO J. Straehle CFO & Deputy CEO Strategy G. Pradelli P. Fischer COO M. Bagnall Global Markets Risk M. Moranzoni R. Kunz Region Region Region Central Romandie and Region Region Investment UK Switzerland, Continental LatAm Asia Solutions A. Cooke- Ti

  12. Slide 12: Update on BSI transaction

    Update on BSI transaction  Received all regulatory approvals regarding the acquisition of BSI  Closing of the BSI transaction on 31 October 2016  New organizational structure and executive committee in place  Preparation for integration well on track  Full operational integration of BSI in Sing

  13. Slide 13: Update on BSI transaction – integration

    Update on BSI transaction – integration  Executive Committee already in place; consists of members of both banks  Consolidating legal structure across the group Overall  Integration plan by jurisdiction defined  Target operating model being refined and validated  Synergies verified – adjustment

  14. Slide 14: Contacts

    Contacts Investors Media Investor Relations Marketing & Communications Jens Brueckner Daniela Haesler Head of Investor Relations Head of Marketing & Communications Telephone: +41 44 226 1799 Telephone: +41 44 226 1804 E-mail: jens.brueckner@efginternational.com E-mail: daniela.haesler@efginternation

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