Sun Life Financial Inc. · TSX:SLF
Sun Life Financial — Merger or Acquisition (October 2020)
9 slides from Sun Life Financial's merger presentation, Oct 21, 2020
Slide 1: Sun Life to acquire majority stake in Crescent Capital Group LP
Sun Life to acquire majority stake in Crescent Capital Group LP Expanding capabilities at SLC Management, Sun Life’s alternatives manager October 21, 2020
Slide 2: Forward-looking statements and Non-IFRS Financial Measures
In this presentation, Sun Life Financial Inc. (“SLF” or “SLF Inc.”), its subsidiaries and, where applicable, its joint ventures and associates are referred to as “we”, “us”, “our”, “Sun Life” and the “Company”. Forward-looking statements Certain statements in this presentation and certain oral state
Slide 3: Transaction Summary
Transaction Summary (1) Overview Su n Life t o acqu ire a majority Financial Su n Life will acqu ire 51% of C res cen t(3) for up s take in C res cen t C apit al Grou p to US$338 m illion (approx. C$450 m illion), (“ C res cent ”), a global alternative consisting of: credit m anager prim arily focus
Slide 4: Crescent Capital Group
Local presence in four markets 180+ employees across four offices: Los Angeles (headquarters), Boston, Below Investment Grade New York and London Corporate Credit Mix(2) Crescent Global Investor Base Capital Over 600+ client relationships: • North America - 73% (1) 32% US$28B Private Markets Group •
Slide 5: Extending SLC Management's investment capabilities
On strategy for SLC Strong alignment with Management Clients through Sun Life • Addition of Crescent increases co-investment(1) breadth and depth of investment • Opportunity for Sun Life to capabilities, comparable to peers co-invest and provide seed and specialized asset managers capital, supportin
Slide 6: Continuing to build a global footprint, competitive set of private strategies, and meaningful third-party AUM
Continuing to build a global footprint, competitive set of private strategies, and meaningful third-party AUM to meet Client needs SLC Management’s Third-Party Assets AUM Growth for SLC Management’s Third-Party Assets(1,2,3) (pro-forma)(1,2,3) (C$ billions) (C$ billions) $143 SLC Fixed Income $38 $8
Slide 7: Key Financial Metrics
Key Financial Metrics (1) Up to US$338 million (approx. C$450 million), consisting of an upfront payment of US$276 million (approx. Consideration for 51% of Crescent Capital C$370 million), and a future payment of up to US$62 Group(2) million (approx. C$80 million) based on the achievement of certai
Slide 8: Appendix: Forward-looking information
Appendix: Forward-looking information Certain statements in this presentation are forward-looking, including but not limited to, statements relating to: (i) our growth strategies and strategic objectives, (ii) the expected timing of the closing of the transaction, (iii) the expected impact and benef
Slide 9: Investor Relations
Investor Relations Leigh Chalmers Senior Vice-President, Head of Investor Relations and Capital Management 647-256-8201 leigh.chalmers@sunlife.com Yaniv Bitton Vice-President, Investor Relations 416-979-6496 yaniv.bitton@sunlife.com 9
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