Aub Group Limited · ASX:AUB
Aub — Merger or Acquisition (January 2026)
49 slides from Aub's merger presentation, Jan 27, 2026
Slide 1: Acquisition and Equity Raising Presentation
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES ASX Announcement 27 January 2026 ASX Market Announcements Office ASX Limited Level 27, 39 Martin Place SYDNEY NSW 2000 Acquisition and Equity Raising Presentation Please find attached for immediate release in relation to AUB Gr
Slide 2: Acquisition and Equity Raising Presentation
Acquisition and Equity Raising Presentation 27 January 2026 Mike Emmett CEO and Managing Director Nick Dryden Interim CFO Not for release to US wire services or distribution in the United States
Slide 3: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS This investor presentation (Presentation) is dated 27 January 2026 and has been prepared by AUB Group Limited (ACN 000 000 715) (AUB). This Presentation has been prepared in relation to AUB’s acquisition of 95.9% of PIHL Holdings Limited (Prestige) and a fully underw
Slide 4: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS Investors should be aware that certain financial measures included in this Presentation are “non-IFRS financial information” under ASIC Regulatory Guide 230: “Disclosing non-IFRS financial information” published by ASIC and also “Non-GAAP financial measures” within t
Slide 5: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS To the maximum extent permitted by law, AUB, the Underwriter and each of their respective affiliates and related bodies corporate, and each of their respective directors, officers, partners, employees, consultants, contractors, representatives, advisers and agents (E
Slide 6: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS AUB AND THE UNDERWRITER The Underwriter has not, nor have any of its Extended Parties nor the advisors to AUB, authorised, permitted or caused the issue, lodgement, submission, dispatch or provision of this Presentation and have not independently verified any of the
Slide 7: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS Members of the Underwriter Group may also receive and retain other fees, profits and financial benefits in each of the above capacities and in connection with the above activities, including in its capacity as underwriter to the Placement. The information in the Pres
Slide 8: Contents & Agenda
CONTENTS & AGENDA 8 Summary 10 1H26 Trading Update and preliminary results 12 Acquisition of Prestige 15 AUB UK Strategy – delivering on our scale & ambition 20 AUB UK Strategy significantly accelerated 22 Equity raising overview 26 Appendix A - Key Risks 39 Appendix B - Summary of Underwriting Agre
Slide 9: Summary
Summary
Slide 10: Summary
Summary Prestige acquisition • AUB to acquire 95.9% of PIHL Holdings Limited (“Prestige”) for AUD 432mn (GBP 219mn)1. Prestige is a diversified insurance broking and underwriting platform in the UK with over GBP 300mn GWP2 o EV / CY25 EBITDA3 of 12.9x (excluding synergies), and 10.0x (including quan
Slide 11: 1H26 Trading Update and preliminary results
1H26 Trading Update and preliminary results
Slide 12: Business Update – 1H26
BUSINESS UPDATE – 1H26 Unaudited preliminary results indicate 1H26 UNPAT in the range of AUD 90mn to 91mn, growth on 1H25 of 13.4% to 14.7% Performance Update – 1H26 Guidance Group performance on-track with good organic growth and strong performances in International, Agencies and BizCover, muted by
Slide 13: Acquisition of Prestige
Acquisition of Prestige
Slide 14: Overview of Prestige
OVERVIEW OF PRESTIGE Prestige is a significant UK broker operating diversified broking, multi-line MGA and insurance technology businesses across the UK Overview Strong portfolio of market-facing brands • Founded in 1973, Prestige operates a leading portfolio of retail broking and specialist MGAs pr
Slide 15: Prestige's Key Operating Segments
PRESTIGE’S KEY OPERATING SEGMENTS Prestige brings unique specialist capabilities across commercial and non-standard personal lines broking, underwriting and a growing insurtech business Operating segments Retail Broking MGA CoverNet • High quality UK broking platform including the largest • Speciali
Slide 16: AUB UK Retail Strategy – delivering on our scale & ambition
AUB UK Retail Strategy – delivering on our scale & ambition
Slide 17: Delivering Scale in UK Retail Broking
DELIVERING SCALE IN UK RETAIL BROKING AUB’s investment in Prestige will materially bolster our UK Retail business, delivering a step-change in scale and presence Step-change in scale of UK Retail Broking Complementary national presence Prestige delivers +45% increase in total UK Retail broking premi
Slide 18: Launch of AUB UK MGA Platform
LAUNCH OF AUB UK MGA PLATFORM The acquisition of Prestige will position AUB to launch into the UK MGA segment, currently a largely untapped opportunity Platform has scale and diversification MGA growth and value chain expansion Prestige's MGA platform is well diversified across the UK and Ireland in
Slide 19: UK Retail Portfolio
UK RETAIL PORTFOLIO Acquisition of Prestige completes the building blocks in strategically important growth segment, resulting in more than GBP 720mn GWP in UK Retail AUB’s UK Retail Platform Delivering on our UK Retail strategy Increase from ~GBP 410mn to more than GBP 720mn in GWP MAY 2022 Nationw
Slide 20: Synergy Opportunity
SYNERGY OPPORTUNITY Strategic evolution of UK Retail business expected to result in meaningful operating efficiency and revenue cross-sell upside Targeted Synergies Run-rate Impact Drive operating leverage via combined scale of functional support 1 capabilities serving whole of UK Retail (including
Slide 21: AUB UK Strategy significantly accelerated
AUB UK Strategy significantly accelerated
Slide 22: UK Retail Strategy
UK RETAIL STRATEGY Successful execution of the UK Retail Strategy will unlock significant growth for AUB We are well positioned to ‘win’ in the UK Retail market, leveraging our We have identified and executed a number of strategic actions to capability and expertise in Australia & New Zealand ensure
Slide 23: Equity raising overview
Equity raising overview
Slide 24: Equity Raising
EQUITY RAISING Overview • Fully underwritten institutional placement (“Placement”) of new fully paid ordinary shares to raise AUD 400mn Offer structure and • ~13.6mn shares to be issued under the Placement representing ~11.7% of issued share capital under AUB’s existing placement capacity under ASX
Slide 25: Equity Raising – Use of Proceeds
EQUITY RAISING Use of proceeds Dec’25 Source of Funds (pro forma for equity raising and Prestige acquisition) Fully underwritten institutional placement AUD 400mn New debt facility AUD 200mn Total source of funds AUD 600mn AUD ~2.47x2 ~303mn Use of Funds Leverage Ratio Cash & Undrawn Debt (AUB Group
Slide 26: Equity Raising Timetable
EQUITY RAISING TIMETABLE Event Date Institutional placement Trading halt and announcement of the Offer Tuesday, 27 January 2026 Institutional Placement opens Tuesday, 27 January 2026 Announcement of results of Institutional Placement Wednesday, 28 January 2026 Trading halt lifted and shares recommen
Slide 27: Appendix A – Key Risks
Appendix A – Key Risks
Slide 28: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Placement (the “Offer”), which may affect the value of AUB shares.
Slide 29: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 30: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 31: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 32: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 33: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 34: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 35: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 36: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 37: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 38: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 39: Summary of Key Risks
SUMMARY OF KEY RISKS This section discusses some of the key risks associated with any investment in AUB (including matters in relation to the proposed acquisition of Prestige), together with the risks relating to participation in the Offer, which may affect the value of AUB shares. The risks set out
Slide 40: Appendix B – Summary of Underwriting Agreement
Appendix B – Summary of Underwriting Agreement
Slide 41: Summary of Underwriting Agreement
SUMMARY OF UNDERWRITING AGREEMENT AUB has entered into an underwriting agreement with Macquarie in respect of the Placement dated 27 January 2026 (Underwriting Agreement), pursuant to which Macquarie has agreed to fully underwrite the Placement on the terms and conditions of the Underwriting Agreeme
Slide 42: Summary of Underwriting Agreement
SUMMARY OF UNDERWRITING AGREEMENT • AUB is prevented from allotting and issuing the Placement Shares under the ASX Listing Rules, applicable laws, an order of a court of competent jurisdiction or a governmental agency; • a change in the Chief Executive Officer, the Chief Financial Officer or Chairpe
Slide 43: Summary of Underwriting Agreement
SUMMARY OF UNDERWRITING AGREEMENT • a suspension or material limitation in trading in shares generally on ASX, HKEX, LSE or NYSE for at least 1 day on which that exchange is open for trading; and • any adverse change or disruption to the existing financial markets, political or economic conditions o
Slide 44: Appendix C – International Offer Restrictions
Appendix C – International Offer Restrictions
Slide 45: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) of AUB (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
Slide 46: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS Statutory rights of action for damages and rescission. Securities legislation in certain Provinces may provide a purchaser with remedies for rescission or damages if an offering memorandum contains a misrepresentation, provided the remedies for rescission or damages
Slide 47: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS No advertisement, invitation or document relating to the New Shares has been or will be issued, or has been or will be in the possession of any person for the purpose of issue, in Hong Kong or elsewhere that is directed at, or the contents of which are likely to be a
Slide 48: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS Singapore This Presentation and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this Presentation and any other document or materia
Slide 49: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS United Kingdom Neither this Presentation 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 Financial Services and Markets Ac