Amp Limited · ASX:AMP
Amp — Merger or Acquisition (April 2022)
15 slides from Amp's merger presentation, Apr 28, 2022
Slide 1: Sale of Collimate Capital businesses
Sale of Collimate Capital businesses Investor presentation 28 April 2022 AMP LIMITED | Market update – April 2022 1
Slide 2: Agenda
Agenda 1 Background 23 Collimate Capital business units 3 Transaction overview - International infrastructure equity - Real estate and domestic infrastructure equity 4 Strategic rationale 5 Key transaction elements 6 Other considerations AMP| LIMITED AMP LIMITED | 2021 INVESTOR Market update DAY 2 2
Slide 3: Background
Background Creating two focused businesses with separation of Collimate Capital from AMP — In April 2021, AMP concluded a comprehensive review of its business portfolio — Review determined AMP has two distinct businesses in retail wealth management and banking, and institutional private markets, wit
Slide 4: Collimate Capital business units
Collimate Capital business units Sale agreed to Dexus Sale agreed to DigitalBridge Real Estate – Domestic Infrastructure Equity – Domestic Infrastructure Equity – International Leading Australian real estate manager Manager of diversified infrastructure portfolio Leading global manager in infrastruc
Slide 5: Sale of international infrastructure equity business
Sale of international infrastructure equity business Transaction overview About DigitalBridge — Business sold to DigitalBridge in a transaction that values the — DigitalBridge is a leading global digital infrastructure investment business at up to A$699 million including: firm headquartered in Boca
Slide 6: Sale of real estate and domestic infrastructure businesses
Sale of real estate and domestic infrastructure businesses Transaction overview About Dexus — Businesses sold to Dexus for up to A$730 million, comprising — One of Australia’s leading fully integrated real estate groups with upfront cash payment of A$430 million with additional cash earn- exposure t
Slide 7: Combined transaction overview
Combined transaction overview Combined, the transactions accelerate returns to shareholders from Collimate Capital — The combined transactions deliver up to A$1.46 billion in value for Collimate Capital businesses through two transactions — Sale of international infrastructure equity business to Dig
Slide 8: Strategic rationale
Strategic rationale Strategic rationale Benefits vs demerger For shareholders: — Accelerates value to AMP shareholders from Collimate Capital — Realises significant value of A$2.04 billion for Collimate Capital — Experienced, successful owners for both businesses, providing business units excluding
Slide 9: Key transaction elements
Key transaction elements Component Value Cash proceeds - Sale of real estate and domestic infrastructure equity business - A$430 million A$892 million - Sale of international infrastructure equity business - A$462 million Retained value and future performance fees and carry - PCCP equity stake and s
Slide 10: Other considerations
Other considerations Costs and other transition impacts — Stranded costs are expected to be in the order of A$80 million initially, with the residual amount expected to be less than A$20 million — The incremental transaction and separation costs for the sale of Collimate Capital’s business is approx
Slide 11: Capital position – FY21 pro forma
Capital position – FY 21 pro forma (A$m) — At 31 December 2021, total eligible capital above target requirements was A$383m — Key movements in the Group’s surplus 300 (480) capital position include: — Known proceeds from the sale of 20% 892 stake in RLA (A$510m) and gain on sale Capital (140) from t
Slide 12: Path to a new AMP
Path to a new AMP Streamline portfolio with a relentless focus on customers FY 22 priorities — Invest to grow AMP Bank — Grow the North platform, building new relationships with external — Grow AMP Bank financial advisers REPOSITION — Deliver stable earnings and optimal client outcomes in Master Tru
Slide 13: Important notice
Important notice Summary information This presentation has been prepared by AMP Limited (ABN 49 079 354 519) (“AMP"). It is a presentation of general background information about AMP’s activities current at the date of this presentation, which may be subject to change. The information is in a summar
Slide 14: Important notice (continued)
Important notice (continued) Financial data No offer or sale Investors should be aware that certain financial measures included in this presentation are The securities mentioned herein have not been, and will not be, registered under the U.S. ‘non-IFRS financial information’ under ASIC Regulatory Gu
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