Aub Group Limited · ASX:AUB
Aub — Austbrokers Holdings — Shareholder Meeting (November 2006)
16 slides from Aub's shareholder meeting presentation, Nov 8, 2006
Slide 1: Cover letter to ASX: CEO's address
<i austborokers 8" November 2006 The Manager Listings Australian Stock Exchange Company’s Announcement Office Exchange Centre 20 Bridge Street Sydney, NSW 2000 Dear Sir, We attach a copy of the prepared Chief Executive Officer’s address which will be delivered at the Company’s Annual General Meeting
Slide 2: CEO's Address to Annual General Meeting 8 November 2006
<li> AUSTBROKERS HOLDINGS LiMiten @UStbrokers CEO’S ADDRESS TO ANNUAL GENERAL MEETING 8 NOVEMBER 2006 I would like to welcome you to this first AGM for Austbrokers as a listed company. While it is the first AGM for Austbrokers the business was established in 1985 and this year represents its 21" ann
Slide 3: FY 2006 Results and Highlights (address text)
how best to integrate it into our business. On the back office side we will continue to rationalise costs where we can and again use our buying power in this area. FY 2006 Results We are pleased with the results for 2006 having achieved an increase over prospectus forecast of 10% in Net Profit After
Slide 4: Acquisitions and Outlook 2007 (address text)
Shield was acquired im August 2006 and handles $20 million in premium. This business strengthens our underwriting agency operations and will trade under the Austagencies banner bringing specialist facilities in the motor trades, lease and deposit bonds. The Insurance Advisernet Australia acquisition
Slide 5: Austbrokers Holdings Limited Annual General Meeting
<All austbrokers AUSTBROKERS HOLDINGS LIMITED | Annual General Meeting 8 November 2006
Slide 6: Agenda
Ag en d a austell * Overview « FY 2006 results * FY 2006 achievements * Developments since > 30 June 2006 * FY 2007 outlook - .
Slide 7: Overview
Overview oust * Operations - 34 Member Firms * 22 50% owned * 9 70% - 80% owned ¢ 3 100% owned — Distribution of life insurance and superannuation — Premium Funding . wo - Underwriting Agencies — Austagencies . Specialist underwriting agencies, : Now includes Shield, 6Star.-and MTAIA ae - Scale (on
Slide 8: Overview (cont) - Model
, <i> Overview (cont) austbrokers « Model — Owner driver model predominate strategy * 50% or more equity interest * Co-shareholder manage business: day to day — Co-shareholder equity: incentive to: grow business and value — Austbrokers provides centtalised support, compliance, IT; marketing oo : = T
Slide 9: Overview (cont) - Strategies
, <i> Overview (cont) austbrokers * Strategies — Grow general insurance broking * Acquisitions ; « Growth and expansion of existing businesses * Leverage buying power with underwriters — Expand products 7 « Develop life insurance and superannuation activities + Promote premium funding oe “Explore fi
Slide 10: FY 2006 Results
FY 2006 Results ound Actual Prospectus Actual % Change % Change 2006 Forecast 2005 on on 2006 Forecast 2005 Reported Net profit after tax 18,110 NIA 12,290 NIA NIA Profits / Earnings on sale of business 8108 9. 4,408 ; » 10,002" 8,923 7,882 12% 27% Amortisation of intangibles ee 1482 : 4,454 1.232 .
Slide 11: Profit Growth 2003 - 2006
Profit Growth 2003 - 2006 oust 127 Profit $M 2003* 2004" 2005". == 2006 “Profit ~ Net profit after tax before amortisation of intangibles before profits. on businesses sold as pari of the IPO restructuring .* From Prospectus dated 30 September 2006 adjusted for profits from businesses sold as part o
Slide 12: FY 2006 Highlights
FY 2006 Highlights nt Acquisitions * 60% interest Salisbury Payne Tinslay . somed nest Traralgon Insurance Brokers (through Austbrokers Stateplan 50% owne * 80% interest in Premier Auspac : * 100% interest in Retirelnvest Hornsby franchise (through Finsura 80% owned) Premium Funding , > New alliance
Slide 13: FY 2006 Highlights (cont)
FY 2006 Highlights (cont) oust * Back Office Synergies — Merged 3 Sydney businesses (AEI, Adept, Wilburtins) into Austbrokers Sydney - Merged 2 Adelaide businesses to become Austbrokers Terrace - ALIB utilising Austbrokers Sydney back office platform * Underwriting Agencies - ~ Development of UNITAS
Slide 14: Developments Since June
Developments Since 30 June 06 ast Acquisitions ¢ Shield Underwriting Agencies ~ added market depth for Austagencies - $20 million premium handled - 4-specialist agencies §Star Motor Motor Traders Insurance Agency (50%) Shield deposit bonds Austbrokers lease bonds * Insurance Advisernet Australia (50
Slide 15: Outlook 2007
Outlook 2007 austell + Market conditions unlikel to change significantly in immediate future — premium rates soft and likely to remain that way through 2007 * Drought will impact country brokers + Notwithstanding 9 challenges there is no change to view on profit growth in FY-2007 over FY2006 of 5% t
Slide 16: Forward looking statements disclaimer
<All austbrokers This presentation may contain forward looking statements relating to future matters, which are subject to known and unknown risks, uncertainties and other important factors which could cause the actual results, performance or achievements of Austbrokers and the Austbrokers Group to
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