Aub Group Limited · ASX:AUB
Aub — Shareholder Meeting (November 2023)
17 slides from Aub's shareholder meeting presentation, Nov 2, 2023
Slide 1: 2023 AGM - Presentation (ASX Announcement)
ASX Announcement 2 November 2023 The Manager Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 For personal use only 2023 AGM - Presentation Please find attached for immediate release in relation to AUB Group Limited (AUB) the fo
Slide 2: AUB Group Limited Annual General Meeting
For personal use only AUB Group Limited Annual General Meeting 2 November 2023
Slide 3: Agenda
AUB GROUP 2023 AGM For personal use only 3 Chair’s Address Agenda 6 CEO’s Address 16 Formal Business 2
Slide 4: Chair's Address
For personal use only Chair’s Address David Clarke Chair
Slide 5: FY23 Financial Highlights
FY23 FINANCIAL HIGHLIGHTS Continued Revenue growth, margin expansion and accretive acquisitions delivering strong Profit and EPS growth For personal use only FY23 FY224 Performance Highlights Underlying Revenue1 $1,111.4mn $689.5mn Growth in Underlying Revenue of 61.2% in FY23, CAGR of 34.4% (+61.
Slide 6: Shareholder Returns
SHAREHOLDER RETURNS 33.7% uplift in Underlying EPS and FY23 final dividend of 47.0 cents For personal use only Underlying Earnings Per Share1, 2 (Cents per share) 33.7% 12.3% 129.32 22.0% 96.70 86.12 70.61 FY20 FY21 FY22 FY23 Dividend Per Share (Cents) Return on Invested Capital (ROIC) (%) – 3 Year
Slide 7: Regulatory Investigation - Update
REGULATORY INVESTIGATION - UPDATE Tysers has reached a resolution with the U.S. DOJ in connection with the investigation into conduct of business in Ecuador between 2013 and 2017 For personal use only As announced at the time of the acquisition of Tysers, the United States Department of Justice (D
Slide 8: CEO's Address
For personal use only CEO’s Address Mike Emmett CEO and Managing Director
Slide 9: FY23 Divisional Performance
FY23 DIVISIONAL PERFORMANCE Strong performance across all divisions OPERATING ALL For personal use only AUSTRALIAN TYSERS Vs. FY22 comparative BIZCOVER AGENCIES NEW ZEALAND BUSINESSES EX OPERATING BROKING period (9 Months since acq only) TYSERS1,2 BUSINESSES Underlying1 $519.7mn $80.0mn $139.3mn $70
Slide 10: Australian Broking
AUSTRALIAN BROKING Network optimisation, disciplined acquisitions and favourable market conditions have enabled continuing revenue growth & margin expansion For personal use only Key Metrics AUD 519.7mn Revenue1 35.1% EBIT Margin1 AUD 182.3mn EBIT1 FY23 Performance +13.7% on FY22 +140bps on FY22 +18
Slide 11: BizCover
BIZCOVER Good continuing growth and margin expansion with initiatives under way to enhance products, insurer panel and lead sources For personal use only Key Metrics AUD 80.0mn Revenue 40.1% EBIT Margin AUD 32.1mn EBIT FY23 Performance +14.8% on FY22 +230bps on FY22 +21.6% on FY22 Revenue Growth – E
Slide 12: Agencies
AGENCIES General Commercial, Specialty and Strata continue to deliver growth and profit improvement with the original $1bn GWP goal now within reach For personal use only Key Metrics AUD 139.3mn Revenue1 38.4% EBIT Margin1 AUD 53.5mn EBIT1 +520bps Ex. Profit Comms3 FY23 Performance +34.3% on FY22 14
Slide 13: New Zealand
NEW ZEALAND Revenue and profit growth in all businesses with 290bps EBIT margin expansion For personal use only AUD 70.7mn Revenue1 29.1% EBIT Margin1 AUD 20.6mn EBIT1 Key Metrics +290bps on FY22 38.0% Excl. NZ Tech Inv7 AUD 26.9mn Excl. NZ Tech Inv7 FY23 Performance +20.0% on FY22 +310bps Excl. NZ
Slide 14: Tysers Financial Performance Update
TYSERS FINANCIAL PERFORMANCE UPDATE Stronger revenue growth combined with the benefit of cost reduction actions has delivered EBIT margins ahead of forecast (for 9 months to Jun’23) For personal use only Key Metrics 26.1% EBIT Margin1 9M to Jun’23 AUD 301.6mn Revenue1 AUD 78.7mn EBIT1 Performance (f
Slide 15: Strong Start to Q1FY24
STRONG START TO Q1FY24 Reaffirming FY24 guidance For personal use only AUB Group’s strong momentum from FY23 has continued into the first quarter of FY24 Q1FY24 Particularly pleasing performance in Agencies and New Zealand UPDATE As a result, we confidently reaffirm our full-year guidance rang
Slide 16: FY24 Outlook
FY24 OUTLOOK Underlying NPAT for FY24 is forecast to be between AUD 154.0 -164.0mn, representing growth of 19.3% - 27.0% over FY23 For personal use only FY23 to FY24 Underlying NPAT1 Breakdown (AUD mn) 19.3% - 27.0% 13.7% - 16.8% 7.2 – 13.2 154.0 – 164.0 7.2 - 13.2 5.0 146.8 – 150.8 14.6 – 18.6 (1.9
Slide 17: Notice
NOTICE For personal use only SUMMARY INFORMATION This document has been prepared by AUB Group Limited (ABN 60 000 000 715) (AUB). It is a presentation of general background information about AUB’s activities current at the date of the presentation. It is information in a summary form and does not pu