Westpac Banking Corporation · ASX:WBC
Westpac Banking — BT Investment Management — Merger or Acquisition (August 2007)
9 slides from Westpac Banking's merger presentation, Aug 9, 2007
Slide 1: BT Investment Management: Enhancing growth in investment management
For personal use only BT Investment Management David Morgan, CEO Westpac Rob Coombe, CEO BT Financial Group Enhancing growth in investment management • BT is seeking to strengthen and grow investment management with a new listed entity • The move is aimed at delivering growth by focusing on active i
Slide 2: Why list? The strategic rationale
Why list? The strategic rationale • Investment management is one of the fastest growing segments in Australian financial services For personal use only • The market is undergoing a fundamental shift - Clearer differentiation between active (alpha) and passive (beta) capabilities • Alpha generation i
Slide 3: What's in it for Westpac / BT?
What’s in it for Westpac / BT? BTFG cash earnings ($m) • Wealth management is a key 400 0% 339 element of Westpac’s growth r CA GR 2 276 300 5 yea For personal use only strategy 200 169 187 201 128 100 • BT’s growth has been strong 0 2002 2003 2004 2005 2006 1H07 • Investment management is a key com
Slide 4: BT is strongly positioned across the wealth value chain
BT is strongly positioned across the wealth value chain Westpac BTIM BTFG For personal use only Financial Advice Investment Products Platforms & Management Private Banking • Investment • Diversified • Platforms/wraps • 550 Planners management investment offerings • Corporate super • 120 Private bank
Slide 5: A solid track record
A solid track record • AFR/Smart Investor - Balanced Fund Manager of the Year 2007 Flagship fund ratings (S&P) 2006 • Ethical Investor - 2006 Ethical fund of the year Core Australian Shares 5 stars Focus Fund 5 stars For personal use only • AFR/Smart Investor Fund Manager of the Year 2006 Smaller Ca
Slide 6: Creating an optimal model for investment management
Creating an optimal model for investment management • Successful Alpha strategy requires a model that better aligns the objectives of all stakeholders For personal use only • A partial float achieves these objectives Performance Alignment Growth • Generate consistently • Alignment of IM • Capture in
Slide 7: Governance structure
Governance structure Board Governance • Independent Chairman • BT brand provided under a For personal use only • One other independent director licensing arrangement • 2 Westpac appointees • Various inter-company agreements supporting the new structure • CEO of BT Investment Management Investment ma
Slide 8: Overview of the offer
For personal use only BT Investment Management Overview of the offer • BT Investment Management offer expected to be structured in two parts: - Retail offer available only to Westpac ordinary shareholders with registered addresses in Australia or New Zealand - Institutional offer • The record date t
Slide 9: Further information
Further information BT Investment Management Information Line Website 1300 792 077 (Aust.) 0800 767 556 (NZ) www.westpac.com.au/investorcentre For personal use only Westpac Media Relations David Lording 02 8253 3510 dlording@westpac.com.au BT Media Relations Kylie Smith 02 8253 6195 kylie.smith@btfi
BT Investment Management — Merger or Acquisition (August 2007) on 6ix