Aub Group Limited · ASX:AUB
Aub — Investor Presentation (November 2018)
18 slides from Aub's investor presentation, Nov 12, 2018
Slide 1: Capital Raising and Acquisition
For personal use only AUB GROUP LTD CAPITAL RAISING AND ACQUISITION 12 NOVEMBER 2018 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER SUMMARY INFORMATION For personal use only 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 s
Slide 3: Important Notice and Disclaimer (cont'd)
IMPORTANT NOTICE AND DISCLAIMER (cont’d) FINANCIAL DATA AND ROUNDING For personal use only All dollar values are in Australian dollars ($) unless stated otherwise. A number of figures, amounts, percentages estimates, calculations of value and other fractions used in this Presentation are subject to
Slide 4: Executive Summary
EXECUTIVE SUMMARY • AUB is raising approximately A$116 million via a fully underwritten 4 for 27 accelerated pro-rata non-renounceable entitlement offer For personal use only Equity raising (“Entitlement Offer”) • Proceeds from the Entitlement Offer will be used to repay part of AUB's current debt f
Slide 5: Acquisitions are an important element of AUB's strategy
ACQUISITIONS ARE AN IMPORTANT ELEMENT OF AUB’S STRATEGY AUB intends to continue to supplement organic growth by relevant acquisitions and start-up opportunities in Australia and New Zealand across For personal use only Insurance Broking, Underwriting Agencies and Risk Services 31 acquisitions exec
Slide 6: AUB actively manages its portfolio to enhance returns
AUB ACTIVELY MANAGES ITS PORTFOLIO TO ENHANCE RETURNS For personal use only Evolution of AUB’s acquisitions and returns(1) Acquisitions by business unit (A$ million) (A$ million) Acquisitions Divestments Underwriting Agencies $14 $117 ($2) Australian Broking Risk Services $37 $37 $63 ($7) $37 $5
Slide 7: Flexibility to fund future growth
FLEXIBILITY TO FUND FUTURE GROWTH For personal use only Source of funds A$ million Uses of funds A$ million Entitlement Offer $116.3 Acquisition of Adroit $21.7 Transaction and offer costs $2.9 Debt repayment $91.7 Total sources $116.3 Total uses $116.3 Pro forma parent entity funding as at 30 June
Slide 8: Entitlement Offer Summary
ENTITLEMENT OFFER SUMMARY For personal use only Approximately A$116 million via a fully underwritten 4 for 27 accelerated pro-rata non-renounceable entitlement offer Offer size and structure Approximately 9.5 million New Shares to be issued (equivalent to approximately 14.8% of existing shares on is
Slide 9: Timetable
TIMETABLE Event Date(1) For personal use only Trading halt and announcement of the acquisition of Adroit; Institutional Entitlement Offer opens Monday, 12 November 2018 Institutional Entitlement Offer closes Tuesday, 13 November 2018 Trading halt lifted – shares recommence trading on ASX Wednesday,
Slide 10: Key Risks
For personal use only KEY RISKS NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 11: General Risks
GENERAL RISKS Set out below are general risks applicable to the AUB and its controlled entities (“AUB Group”). For personal use only REDUCTION OF GROSS WRITTEN PREMIUM IN THE AUSTRALIAN AND NEW ZEALAND GENERAL INSURANCE MARKET AUB Group derives most of its revenue as a result of sales of general ins
Slide 12: General Risks (cont'd)
GENERAL RISKS (cont’d) KEY PERSON RISK For personal use only AUB relies on its key employees and key employees within the executive team or the operating businesses may retire or resign or transition to other positions in the AUB Group. Material business interruption and loss of key customer relatio
Slide 13: General Risks (cont'd)
GENERAL RISKS (cont’d) ROYAL COMMISSION AND OTHER REGULATORY RISK & CHANGES IN LAW, REGULATION AND GOVERNMENT POLICY For personal use only AUB’s operating entities, network brokers and underwriting agencies are required to individually comply with their Australian Financial Services licence (“AFSL”)
Slide 14: General Risks (cont'd)
GENERAL RISKS (cont’d) MARKET RISKS For personal use only There are risks associated with any investment in a company listed on a stock market. The price at which shares trade on the ASX may be affected by the financial performance of AUB and by external factors over which AUB and its directors have
Slide 15: International Selling Restrictions
For personal use only INTERNATIONAL SELLING RESTRICTIONS NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 16: International Selling Restrictions
INTERNATIONAL SELLING RESTRICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, For
Slide 17: International Selling Restrictions (cont'd)
INTERNATIONAL SELLING RESTRICTIONS (cont’d) HONG KONG For personal use only WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities an
Slide 18: International Selling Restrictions (cont'd)
INTERNATIONAL SELLING RESTRICTIONS (cont’d) UNITED KINGDOM For personal use only Neither this document nor any other document relating to the offer 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 Fina