Humm Group Limited · ASX:HUM
Humm — Merger or Acquisition (February 2022)
8 slides from Humm's merger presentation, Feb 18, 2022
Slide 1: Sale of hummgroup Consumer Finance Business
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS 18 February 2022 Authorised for release by the hummgroup Board of Directors humm group limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks, Sydney NSW 2000
Slide 2: Sale of Consumer Business to Latitude
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS SALE OF CONSUMER BUSINESS TO LATITUDE Today we are announcing the sale of hummgroup’s consumer finance business (HCF) to Latitude. HCF comprises the BNPL, instalment and credit card operations of hummgroup. hummgroup will retain full ownership of hummgroup
Slide 3: Sale of Consumer Business to Latitude: Overview of transaction
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS SALE OF CONSUMER BUSINESS TO LATITUDE Overview of transaction Aggregate consideration of A$335 million representing 13.4x Cash NPAT1 and 1.8x P/NTA2 CONSIDERATION FOR HCF 150 million Latitude shares3 plus $35 million in cash with proceeds to be fully distr
Slide 4: Strategic Rationale for HCF
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS STRATEGIC RATIONALE FOR HCF Accelerating the growth of HCF as part of Latitude Pure play consumer finance Stronger Logical owner business competitive position of HCF More significantly sized and profitable pure Build further on HCF’s track record of HCF wi
Slide 5: Compelling Value Proposition
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS COMPELLING VALUE PROPOSITION Latitude has offered an aggregate consideration of $335 million for HCF4 As consideration for HCF Latitude has • HUM shareholders will receive approximately $0.68 per share, consisting of 0.30 offered: Latitude shares and $0.07
Slide 6: Positioning of hummgroup Commercial
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS POSITIONING OF HUMMGROUP COMMERCIAL ANZ’s leading provider of specialist asset finance with over $1 billion in receivables 1. 2. 3. 4. 5. 2nd largest NBFI in asset Primarily offers equipment Key differentiators include Large, under-served Profitable, growi
Slide 7: Next Steps
SALE OF HUMMGROUP CONSUMER FINANCE BUSINESS NEXT STEPS HUM shareholders do not need to take any action in response to this announcement HUM shareholders will be asked to vote on the HCF transaction and associated resolutions at a date to be determined. A comprehensive package of information, includi
Slide 8: Thank You
THANK YOU