Slide 1: ASX Announcement: Smart & Biggar to join IPH
ASX Announcement 18 August 2022 Smart & Biggar to join IPH – Investor Presentation Attached is a copy of a Presentation providing details of Smart & Biggar joining the IPH Group. An analyst/shareholder briefing covering both this topic and FY22 Results will be held at 10.30am (AEST). The briefing wi
Slide 2: Smart & Biggar to join IPH
Smart & Biggar to join IPH 18 August 2022 Presented by: Dr. Andrew Blattman Managing Director & CEO IPH Limited iphltd.com.au www.iphltd.com.au
Slide 3: Disclaimer
Disclaimer The following disclaimer applies to this presentation. Please consider its contents carefully. By Forward looking information accepting this presentation, you acknowledge that you are receiving it on the basis set out in the This presentation contains certain forward-looking statements th
Slide 4: Transaction summary
Transaction summary IPH has reached agreement to acquire the IP agency practice of Smart & Biggar, which will hold an interest in the legal practice of Smart & Biggar, as permitted by Canadian regulation. Highlights Smart & Biggar, Canada’s leading Intellectual Property (IP) agency firm will join th
Slide 5: Transaction summary (continued)
Transaction summary (continued) A compelling transaction for IPH, its clients, employees and shareholders Smart & Biggar • Smart & Biggar is Canada’s leading IP firm by number of patent filings, filing over 6,200 patents and over 1,800 trade marks in 20211 • Smart & Biggar is a full service IP firm
Slide 6: Overview of Smart & Biggar
Overview of Smart & Biggar Smart & Biggar is one of Canada’s preeminent IP services firms History Awards • Established in 1890, Smart & • Smart & Biggar has been Biggar has a similar rich history recognised by many awards as to IPH’s existing member firms Canada’s premier IP firm • Canadian IP Bouti
Slide 7: Realising our vision
Realising our vision A significant strategic transaction for IPH, further delivering on its vision to be the leading IP services group in secondary IP markets 1) IPH internal filing data for FY22 including Smart & Biggar on a pro-forma basis. 2) Average AUD:CAD for the 12 months to June 2022 3) Mana
Slide 8: Transaction consideration
Transaction consideration Consideration • The consideration for the acquisition is CAD 348m (AUD 3871) • Represents a multiple of approximately 10x pro forma adjusted Smart & Biggar EBITDA for the 12 months to June 20222 Cash • Upfront cash consideration of CAD 241m; consideration • Initial issue of
Slide 9: Financial impact and funding
Financial impact and funding Compelling financial benefits for IPH shareholders Financial impact Earnings • Expected underlying1 EPS accretion of approximately 10% in the first full year of ownership • Cost savings of approximately $4-6m expected to be achieved over the first three years post acquis
Slide 10: Smart & Biggar financial performance
Smart & Biggar financial performance Significant contribution of legal revenue Financial summary Basis of Smart & Biggar financial reporting The financial summary below is based on Smart & Biggar management’s unaudited Smart & Biggar currently reports on a calendar year basis financial accounts for
Slide 11: Management and vendor alignment
Management and vendor alignment IPH has a strong track record of successfully integrating IP services firms into its network Management Vendor alignment • Smart & Biggar’s leadership team • The transaction structure and has an outstanding international consideration achieves ongoing reputation and i
Slide 12: Expanded IPH network offering
Expanded IPH network offering There are strong similarities between Smart & Biggar and IPH’s existing IP businesses Spruson & Ferguson Spruson & Ferguson Smart & Biggar Griffith Hack Pizzeys AJ Park Australia Singapore Year founded 1890 1887 1997 1904 1981 1891 • Patent • Patent • Patent • Patent •
Slide 13: Thank you
Thank you ABN 49 169 015 838 Mail to: GPO Box 3898 Level 22, Tower 2 Sydney 2001, Australia Darling Park, 201 Sussex St P. +61 2 9393 0301 Sydney NSW 2000 F. +61 2 9261 5486 Australia info@iphltd.com.au iphltd.com.au www.iphltd.com.au