Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — IMF Bentham — Shareholder Meeting (November 2016)
10 slides from Omni Bridgeway's shareholder meeting presentation, Nov 18, 2016
Slide 1: Welcome to the Annual General Meeting of IMF Bentham Limited
ANNUAL GENERAL MEETING 18 November 2016 Welcome to the Annual General Meeting of IMF Bentham Limited Michael Kay ‐ Non‐Executive Chairman 2 1
Slide 2: Agenda; Funding Track Record
AGENDA 1. Managing Director’s Presentation 2. Resolutions 3 FUNDING TRACK RECORD IMF’s track record to 30 June 2016 Settlements Summary 187 cases commenced and completed since Won listing. MOIC of 1.55x. 13 Average investment period of 2.4 years. Generated total revenue of $1,847M: 187 Cases
Slide 3: Implementation of Strategy
IMPLEMENTATION OF STRATEGY We have achieved a number of key outcomes: Increased geographic footprint in North America with the opening of our office in Canada in January 2016; Increased the number of matters funded from 39 to 54 and the portfolio from $2.0BN to $3.4BN; Increased our infrastr
Slide 4: Investment Portfolio at 30 September 2016
INVESTMENT PORTFOLIO AT 30 SEPTEMBER 2016 Notes to the Group’s Case Investment Portfolio a) Past performance indicates that the Group has generated average gross revenue in excess of 15% of the Estimated Portfolio Value of a case at the time it is completed (Long Term Conversion Rate). Past performa
Slide 5: Growth Strategy; Capital Management
GROWTH STRATEGY The Company’s focus for the next 12 months includes: Further geographic expansion requiring the assessment of additional offices in the US and possibly in Asia where IMF is currently funding two cases in Hong Kong Consider new products to be launched including a family law offe
Slide 6: Result Overview and Highlights; Balance Sheet Strength
RESULT OVERVIEW and HIGHLIGHTS FY2014 FY2015 FY2016 FY2016 v FY2015 Contract Income $75.9M $92.3M $99.7M 8% Litigation Expenses $(34.5)M $(49.1)M $(33.9)M 31% Losses $(16.1)M $(28.6)M $(12.9)M 55% Net Income (from cases) $25.3M $14.6M $53.0M 263% Total Revenue $27.9M $27.1M $56.4M 108% Ope
Slide 7: Agenda; Total Proxy Numbers
AGENDA 1. Managing Director’s Presentation 2. Resolutions 13 TOTAL PROXY NUMBERS Proxies have been received from 401 shareholders Representing 48,799,728 shares Being 28.51% of the Company's issued capital 14 7
Slide 8: Resolution 1; Resolution 2
RESOLUTION 1 "That, pursuant to and in accordance with section 250R(2) of the Corporations Act and for all other purposes, approval is given by the Shareholders for the adoption of the Remuneration Report on the terms and conditions in the Explanatory Memorandum." Vote type Voted % In favour 45,899,
Slide 9: Resolution 3; Resolution 4
RESOLUTION 3 "That, pursuant to and in accordance with article 6.3 of the Constitution and for all other purposes, Ms Wendy McCarthy AO, Director, retires and being eligible, is re‐ elected as a Director on the terms and conditions in the Explanatory Memorandum." Vote type Voted % In favour 55,882,9
Slide 10: Resolution 5; Resolution 6
RESOLUTION 5 "That, pursuant to and in accordance with Listing Rule 10.14 and Chapter 2D of the Corporations Act and for all other purposes, Shareholders approve: (a) the issue of Performance Rights to Mr Hugh McLernon (and/or his nominee) over a three year period; and (b) the issue, transfer or all