Aub Group Limited · ASX:AUB
Aub — Shareholder Meeting (November 2022)
16 slides from Aub's shareholder meeting presentation, Nov 3, 2022
Slide 1: ASX Announcement: Annual General Meeting Presentation
ASX Announcement 3 November 2022 The Manager Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 Annual General Meeting Presentation Please find attached for immediate release in relation to AUB Group Limited (AUB) the following do
Slide 2: AUB Group Limited Annual General Meeting
AUB Group Limited Annual General Meeting 3 November 2022
Slide 3: AUB Group 2022 AGM Agenda
AUB GROUP 2022 AGM 3 Chair’s Address Agenda 4 CEO’s Address 14 Formal Business 2
Slide 4: Chair's Address
Chair’s Address David Clarke Chairman
Slide 5: CEO's Address
CEO’s Address Mike Emmett CEO and Managing Director
Slide 6: Consistent Track Record of Growth
CONSISTENT TRACK RECORD OF GROWTH (CONTINUING OPERATIONS4) Premium Client Count Underlying Revenue1,4 Underlying EBIT1,4 Underlying EBIT Margin1,4 +11.2% CAGR +12.0% CAGR +17.7% CAGR +14.2% CAGR +470bps +10.0% +12.2% +20.8% +4.3% +240bps FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY
Slide 7: Key Messages
KEY MESSAGES AUB performing strongly; Tysers performing ahead of expectations with synergies reaffirmed 1 2 3 4 5 6 Strong financial Australian BizCover Agencies Mixed New FY23 Guidance performance Broking revenue and strategy Zealand momentum profit growth delivering ahead performance continues of
Slide 8: Financial Highlights (Continuing Operations, Excluding Tysers)
FINANCIAL HIGHLIGHTS (CONTINUING OPERATIONS , EXCLUDING TYSERS) 4 Continued momentum in Revenue growth and Margin expansion delivering strong UNPAT and EPS growth FY22 FY214 FY204 Performance Highlights $689.5mn $614.8mn $528.6mn ▪ Growth in Underlying revenue of 12.2% in FY22, CAGR of Underlying Re
Slide 9: FY22 Divisional Performance
FY22 DIVISIONAL PERFORMANCE Strong performance achieved across Operating Businesses with growth in underlying revenue, margin and profitability AUSTRALIAN NEW ZEALAND OPERATING Vs. FY21 comparative period BIZCOVER4 AGENCIES2 BROKING4 BROKING BUSINESSES3,4 Underlying1 $457.2mn $69.7mn $103.7mn $58.9m
Slide 10: FY23 Execution Priorities
FY23 EXECUTION PRIORITIES FY23 Priority Overview ▪ Successful pilot implementation of Project Lola including interfaces to select Insurers and IMPROVE AND ENHANCE NEW 1 commencement of roll-out to NZbrokers network ZEALAND PERFORMANCE ▪ Accelerated revenue and profit growth for AUB’s portfolio of br
Slide 11: AUB Group – Business Model
AUB GROUP – BUSINESS MODEL Building our insurance broking capabilities across key regions AUB Group Business Model / Capability Retail Broking (Incl. support service businesses in Loss Direct & Platforms Agencies & MGAs Wholesale Broking Adjusting and Claims) Lola Australia Geographic Maturity New Z
Slide 12: Tysers Update
TYSERS UPDATE Business is performing well delivering 9% revenue growth (9 months to Sep’22 vs pcp) with robust performance across all divisions Tysers Income Mix (12M to 30Sep22) Wholesale Broking Income Mix Business Update Client Geography (12M to 30Sep22) (9 months to Sep’22 vs pcp) 18% - Overall
Slide 13: Tysers - Delivering Synergies, Benefits Reaffirmed
TYSERS - DELIVERING SYNERGIES, BENEFITS REAFFIRMED The transaction is expected to deliver AUD 25m in margin enhancement and cost synergies, on a run-rate basis, by end of FY24 Revenue Levers Cost Levers Increased placement of AUB client risks with Tysers ~AUD Optimise Tysers & AUB operating structur
Slide 14: FY23 Outlook
FY23 OUTLOOK AUB UNPAT guidance upgraded to AUD 90 - 92mn (from AUD 86 to 91mn) due to strong Q1 trading. Tysers contribution ahead of expectations FY22 to FY23 Underlying NPAT1 Breakdown $mn AUD Notes 45.2% - 55.4% ▪ Outperformance in Q1FY23 from strong 45.0 - 52.5 -27.5 organic growth and contribu
Slide 15: Thank You
Thank You David Clarke Chair Mike Emmett CEO and Managing Director
Slide 16: Notice
NOTICE SUMMARY INFORMATION This document has been prepared by AUB Group Limited (ABN 60 000 000 715) (AUB). It is a presentation of general background information about AUB’s activities current at the date of the presentation. It is information in a summary form and does not purport to be complete.