Intact Financial Corporation · TSX:IFC
Intact Financial — Merger or Acquisition (August 2019)
9 slides from Intact Financial's merger presentation, Aug 15, 2019
Slide 1: Acquisition of The Guarantee Company of North America & Frank Cowan Company
Acquisition of The Guarantee Company of North America & Frank Cowan Company Bolsters Canadian leadership position and expands our North American specialty platform A final base shelf prospectus of Intact Financial Corporation (the “Company” or “IFC”) dated November 15, 2017 (the “final base shelf pr
Slide 2: Forward-Looking Statements
Page 2 | Acquisition of The Guarantee Company of North America and Frank Cowan Company FORWARD-LOOKING STATEMENTS This Presentation contains statements that constitute “forward-looking information” as defined under applicable Canadian provincial and territorial securities laws and “forward-looking s
Slide 3: Forward-Looking Statements (Cont'd)
Page 3 | Acquisition of The Guarantee Company of North America and Frank Cowan Company FORWARD-LOOKING STATEMENTS (CONT'D) Forward-looking statements are based on estimates and assumptions made by management based on management’s experience and perception of historical trends, current conditions and
Slide 4: Strong strategic fit…
Page 4 | Acquisition of The Guarantee Company of North America and Frank Cowan Company Strong strategic fit… Roadmap 10% for the NOIPS growth annually over next time decade… 500bps ROE outperformance 1 2 3 Expands North Bolsters Canadian Value creation for American specialty leadership position shar
Slide 5: Transaction highlights
Page 5 | Acquisition of The Guarantee Company of North America and Frank Cowan Company Transaction highlights • Bolsters IFC’s leadership position in Canada • Brings North American specialty lines platform close to $3 billion in annual Direct Premiums Written Strong Strategic Fit • Enhances IFC’s su
Slide 6: A customer focused specialty and personal lines business
Page 6 | Acquisition of The Guarantee Company of North America and Frank Cowan Company A customer focused specialty and personal lines business 1 The Guarantee Company of North America GPW Growth 2018 GPW by LoB 33% • Canadian-owned leading North American $568M 34% Surety (Can & U.S.) specialty insu
Slide 7: Enhances IFC's business & geographic mix
Page 7 | Acquisition of The Guarantee Company of North America and Frank Cowan Company Enhances IFC’s business & geographic mix Expands North American specialty platform IFC Pro Forma DPW: $10.7B1 North American Specialty close to $3B DPW2 35% Personal Auto Public entity products 11% High Net Worth
Slide 8: Transaction summary
Page 8 | Acquisition of The Guarantee Company of North America and Frank Cowan Company Transaction summary Purchase Price • Approximately $1 billion • The Guarantee: P/BV of 1.3x1 Purchase Metrics • Frank Cowan Company: Transaction Value/EBITDA of 11x2 • Attractive internal rate of return estimated
Slide 9: Contact information
Page 9 | Acquisition of The Guarantee Company of North America and Frank Cowan Company Contact information General Inquiries Investor Relations Inquiries Intact Financial Corporation ir@intact.net 700 University Avenue 1 (416) 941-5336 Toronto, ON M5G 0A1 1-866-778-0774 (toll-free in N.A.) 1 (416) 3
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