Omni Bridgeway Ltd · ASX:OBL

Omni Bridgeway — IMF Australia — HY2012 Earnings Presentation

11 slides from Omni Bridgeway's earnings presentation, Feb 23, 2012

  1. Slide 1: Investor Presentation

    INVESTOR S O PRESENTATION S O 23 Februaryy 2012 Hugh McLernon Diane Jones James Middleweek Managing Director Chief Operating Officer Investor Relations

  2. Slide 2: Contents

    Contents  HY2012 Highlights  Overview of HY2012 Income  Balance Sheet  Investment Portfolio  Track Record  Possible Completions in the second half of FY2012  Bank Fees  Franking Credits  Future Outlook 2

  3. Slide 3: HY 2012 Highlights

    HY 2012 Highlights HY2012 HY2011 % Gross Income (from cases) $32.6M $36.2M 10 % Net Income (from cases) $19 5M $19.5M $23 4M $23.4M 17 % NPAT $11.9M $15.1M 21 % Interim Dividend (cents per share) 10.0 Franked 10.0 cps EPS 9.69 12.39 22 % Net Asset Backing (cents per share) 75.46 74.06 2 % Case

  4. Slide 4: HY 2012 Income

    HY 2012 Income 4 cases were finalised in HY 2012. Matter Gross Income Gross profit National Potato $14.5M $9.7M Babcock & Brown $7.3M $5.8M Thomson Playford $4.6M $3.3M C dit C Credit Corp1 $4 4M $4.4M $1 4M $1.4M Uniloc $1.3M $0.7M Sub‐Total – Matters Finalised $32.1M $ $20.9M $ Others $0.5M $(1.4)

  5. Slide 5: Balance Sheet

    Balance Sheet A Strengthening Balance Sheet Cash Investments¹ Net Assets $ $ $ $90.25 $92.97 $69.18 $87.19 $69.19 $72.54 $55.01 $59.63 $52.31 $42 99 $42.99 $42.95 $40.49 FY10 HY11 FY11 HY12 FY10 HY11 FY11 HY12 FY10 HY11 FY11 HY12 ¹ Investments includes capitalised overheads relating to the litigatio

  6. Slide 6: Investment Portfolio

    Investment Portfolio As at 31 December 2011 % of Expected Expected Expected Claim Value Est. Claim No of Total Completion Completion Completion Range Value* Cases Value FY2012 FY2013 FY2014 <$10M $16.0M 3 1% $10.0M $6.0M ‐ $10M ‐ $50M $240 0M $240.0M 11 15% $20 0M $20.0M $50 0M $50.0M $170 0M $170.0

  7. Slide 7: IMF's Track Record

    IMF’s IMF s Track Record Summary  130 cases commenced and completed since listing.  Generated revenue of $314M to IMF.  Invested $104M. 89 Settlements  Generated revenue of $269M to IMFIMF.  ROI 313%.  Investment Portfolio. 16 Judgments  Won 12 cases. Lost 4.  Generated revenue of $45M to IM

  8. Slide 8: Possible Completions in the second half of FY 2012

    Possible Completions in the second half of FY 2012 Matter Description Lehmans The trial in this matter is now completed. completed Judgment is expected in FY2012. Uniloc Appeal judgment awarded in favour of IMF’s client. g to be heard in Februaryy 2012. Re‐trial of damages LGFS Trial concluded. Cent

  9. Slide 9: Bank fees

    Bank fees  Each type of fee has 4 causes of action:  Penalty  Credit Code  Trade Practices Act  ASIC AActt  Preliminary ruling on penalty claim delivered on 5 Dec 2011  Late payment fees can be a penalty and others cannot be a penalty.  Appeal lodged with the High Court for over limit fees o

  10. Slide 10: Franking Credit Position

    Franking Credit Position  Timing difference  Intangible balance: FY2010 = $40 $40.5M 5M HY2011 = $69.2M  Deferred tax liability: FY2010 = $11.4M HY2012 = $21.2M $21 2M  Franking Balance  As at 30 June 2011 = $0.3M  Final fully franked dividend for FY2011 = ($2.6M) $  FY2011 income tax refund

  11. Slide 11: Future Outlook

    Future Outlook Australia  Increased portfolio.  Marketing.  Regulation. g Expansion into the United States  Bentham Capital and Ralph Sutton Sutton.  Cost approximately $1M pa + case investment costs.  Targeted approach. Economic environment  GFC (mark II).  Effective Eff i Litigation Li i i

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