Navigator Global Investments Ltd · ASX:NGI
Navigator Global Investments — Investor Presentation (December 2023)
30 slides from Navigator Global Investments's investor presentation, Dec 5, 2023
Slide 1: Navigator Launches Equity Raising
Navigator Launches Equity Raising 5 December 2023 Navigator Global Investments Limited ACN 101 585 737 NOT FOR RELEASE TO US WIRE SERVICES
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation is dated 5 December 2023 and relates to a 1 for 2.529 non-underwritten, non-renounceable pro rata offer by Navigator Global Investments Limited (NGI or Company) to eligible shareholders of New Shares to raise up to approximately A$96 million (US$64
Slide 3: Important Notices and Disclaimer (continued)
Important Notices and Disclaimer (continued) NOT FOR DISTRIBUTION OUTSIDE THE PERMITTED JURISDICTIONS This presentation does not constitute an offer or invitation in any jurisdiction in which, or to any person to whom it would not be lawful to make such an offer or invitation. This presentation is n
Slide 4: Contents
Contents 01 03 Overview of Equity Raising Key Risks 02 Annexure A Navigator Business Update Foreign Selling Restrictions 4
Slide 5: 1. Overview of Equity Raising
1. Overview of Equity Raising
Slide 6: Transaction Highlights
Transaction Highlights Compelling strategic initiative to unlock shareholder value and settle the 2026 redemption payment Key objectives Equity Raising Update • Accelerates full settlement of the 2026 redemption payment • Equity raising launched on 5 December 2023 following and the acquisition of re
Slide 7: Overview of Equity Raising
Not for release to US wire services or distribution in the United States. Summary page only. Further details in relation to the Equity Raising, including Proportionate Top Up, are Overview of Equity Raising included in the Offer Booklet to be provided to eligible shareholders. The offer size, share
Slide 8: 2. Navigator Business Update
2. Navigator Business Update
Slide 9: A Scaled Platform with Compelling Value Proposition
A Scaled Platform with Compelling Value Proposition Overview & highlights Value proposition Diversified and growing earnings mix generated from proven investors and operators who have strong investment track records, have Exposure to the earnings of leading global alternative demonstrated substantia
Slide 10: NGI Operates and Invests in an Attractive Area of Asset Management
NGI Operates and Invests in an Attractive Area of Asset Management Alternatives are the fastest growing segment of the …estimated to capture 55% of global revenues by 20272 Asset Management industry1 … USD trillions USD billions CAGR Asset Class 21–26E CAGR: Alternatives 10% +5% 470 Solutions 6% Pas
Slide 11: Structural Tailwinds Behind an Attractive Area of Asset Management
Structural Tailwinds Behind an Attractive Area of Asset Management Key drivers behind increased investor appetite for Investment environment features and trends1 alternative assets classes Within alternatives, growth is expected to be driven by Low correlation with traditional asset classes, such pr
Slide 12: NGI – Strong and Resilient AUM Trends
NGI – Strong and Resilient AUM Trends Diversified AUM across the broad alternative asset management sector 5 year CAGR September YoY Total NGI Firm Level AUM1 14.2 11.8 52.8 61.2 71.0 44% 72.6 +11% USD billions 23% 25.9 +9% 25.5 22.9 +13%3 20.9 15%3 Total NGI Ownership 14.2 adjusted AUM2 11.8 +6% US
Slide 13: Partnering with Market Leaders in Alternatives
Partnering with Market Leaders in Alternatives High quality firms with established franchises Lighthouse NGI Strategic Investments NGI Strategic Portfolio $10 billion AUM1 $5 billion AUM2 $12 billion AUM2 $2 billion AUM1 $3 billion AUM1 Private equity style funds which Public and private credit, Der
Slide 14: Pro Forma FY23 financial outcomes and FY24 considerations
Pro Forma FY23 financial outcomes and FY24 considerations The transaction will materially uplift adjusted EBITDA on an FY23 pro forma basis with continued AUM growth into FY24 expected to support earnings Current FY2023 Pro Forma FY20231 FY2024 considerations Increased AUM levels continue to positio
Slide 15: Track Record of Financial Performance Offering Compelling Value
Track Record of Financial Performance Offering Compelling Value Navigator’s diversified earnings stream and growth prospects present potential upside opportunities for investors FY23 Pro Forma Adjusted EBITDA1 Commentary Impact on FY23 Pro forma Adjusted EBITDA if FY23 NGI Strategic US$m FY22-23 wer
Slide 16: Strategic Objectives
Strategic Objectives We have positioned the Group to benefit from high quality and a growth in earnings generated by a diversified portfolio of leading partner firms Expand our addressable market Broaden revenues sources to Accelerate earnings growth and across growing sectors of the benefit from at
Slide 17: Looking ahead
Looking ahead NGI is well positioned to deliver value in today's market environment Navigator offers a compelling and unique value proposition We are exclusively focused on the global Alternative asset management sector The company has diversified exposure to leading, established Alternative firms p
Slide 18: 3. Key Risks
3. Key Risks
Slide 19: Key Risks
Key Risks This section describes some of the potential key risks associated with Navigator's business and an investment in Navigator. Investors should also consider the risks associated with Navigator's business and the general risks set out in Navigator's Annual Report and Explanatory Memorandum wh
Slide 20: Key Risks – Investment Specific Risk Factors
Key Risks – Investment Specific Risk Factors Shareholders (other than Dyal Trust) will be diluted by the issue of Shares under the Noteholder Offer and the Placement to Dyal Trust. In addition, Shareholders (other than Dyal Trust) who do not participate in the Rights Issue (including the Proportiona
Slide 21: Key Risks – Company Specific Risks
Key Risks – Company Specific Risks Navigator’s results and future growth prospects are influenced by prevailing market conditions, including equity capital markets, credit markets and interest rates. Future fund raising by our managers may also be impacted by broader macroeconomic factors, such as l
Slide 22: Key Risks – Company Specific Risks
Key Risks – Company Specific Risks Navigator's strategic goal is to create a growing and diversified alternative asset management company with a uniquely high-quality earnings profile. This is expected to include acquisitions of complementary and growing businesses within the alternative asset manag
Slide 23: Key Risks – Company Specific Risks
Key Risks – Company Specific Risks Navigator Group operates in a number of jurisdictions around the world in an industry which is highly regulated. As such, there is a risk that a change in laws and regulations in a relevant jurisdiction could negatively impact on Navigator’s business through increa
Slide 24: Key Risks – Company Specific Risks
Key Risks – Company Specific Risks Navigator's financial reports are prepared in USD. However, revenue, expenditure and cashflows, and assets and liabilities from Foreign exchange Navigator’s operations are denominated in various other currencies, including Australian dollars. Navigator is therefore
Slide 25: Key Risks – Company Specific Risks
Key Risks – Company Specific Risks As an entity organised outside of the United States, Navigator is unable to register as an “investment company” under the U.S. Investment Company Act, absent specific relief from the US Securities and Exchange Commission (SEC) to allow such a registration. Navigato
Slide 26: Key Risks – General Risks
Key Risks – General Risks As with any entity whose shares are listed on the ASX, the operating and financial performance of Navigator and the value of Navigator shares will be influenced by a variety of general business cycles and economic conditions. This may result in the market price for Navigato
Slide 27: Annexure A: Foreign Selling Restrictions
Annexure A: Foreign Selling Restrictions
Slide 28: Foreign Selling Restrictions
Foreign Selling Restrictions This presentation has been prepared to comply with the requirements to make offers of securities to shareholders in Australia. This presentation does not constitute an offer in any jurisdiction in which, or to any person to whom it would not be lawful to make such an off
Slide 29: Foreign Selling Restrictions
Foreign Selling Restrictions The New Shares are not being offered to the public within New Zealand other than to existing shareholders of Navigator with registered addresses in New Zealand to whom the offer of these securities is being made in reliance on the Financial Markets Conduct (Incidental Of
Slide 30: Foreign Selling Restrictions
Foreign Selling Restrictions Neither this presentation nor any other document relating to the offer of New Shares has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 200
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