Rathbones Group Plc · LSE:RAT
Rathbones — Merger or Acquisition (June 2021)
13 slides from Rathbones's merger presentation, Jun 23, 2021
Slide 1: Acquisition of Saunderson House
Acquisition of Saunderson House Taking our strategy forward 23 June 2021
Slide 2: Important Information
Rathbone Brothers Plc | Acquisition of Saunderson House Page 2 IMPORTANT INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITI
Slide 3: Acquisition of Saunderson House for £150m
Rathbone Brothers Plc | Acquisition of Saunderson House Page 3 Acquisition of Saunderson House for £150m1 Rationale for On strategy acquisition of a like-minded business with primary focus on delivering quality Rathbones 1 client outcomes and its clients Further strengthens Rathbones’ financial plan
Slide 4: Saunderson House: taking our strategy forward
Rathbone Brothers Plc | Acquisition of Saunderson House Page 4 Saunderson House: taking our strategy forward Proposition Growth People Efficiency Saunderson House will Saunderson House will Saunderson House is a Saunderson House adds further broaden increase our capacity to strong cultural fit, scal
Slide 5: Delivering meaningful growth in highly attractive market segments
Rathbone Brothers Plc | Acquisition of Saunderson House Page 5 Delivering meaningful growth in highly attractive market segments Saunderson House’s client mix grows our — Saunderson House embeds its client relationships through its streamlined process for professional share of professional clients1
Slide 6: Acquisition delivers attractive financial metrics
Rathbone Brothers Plc | Acquisition of Saunderson House Page 6 Acquisition delivers attractive financial metrics Value creation Underlying c.10% EPS accretion & c.12% return on investment — Attractive revenue synergies earned from: — Aligning the Saunderson House service — Underlying EPS accretive i
Slide 7: An overview of Saunderson House
Rathbone Brothers Plc | Acquisition of Saunderson House Page 7 An overview of Saunderson House Client breakdown by portfolio size — A UK-based advice-led wealth management > £5m 9% business, with a focus on professional services clients — Provides a wider wealth proposition of Avg Client < £1m finan
Slide 8: Meeting a growing demand for financial advice
Rathbone Brothers Plc | Acquisition of Saunderson House Page 8 Meeting a growing demand for financial advice Delivering The importance on ourof timely Saunderson Our House current three- growth financial strategy advice deal summary pronged approach — Increasing Strategic priority need forof financi
Slide 9: Further strengthening the delivery of our wealth proposition
Rathbone Brothers Plc | Acquisition of Saunderson House Page 9 Further strengthening the delivery of our wealth proposition Saunderson House has a broad financial — Saunderson House’s advisers help clients to design planning service offering and maintain a comprehensive financial plan, navigating th
Slide 10: Reinforces Rathbones' industry positioning
Rathbone Brothers Plc | Acquisition of Saunderson House Page 10 Reinforces Rathbones’ industry positioning Top UK Wealth Managers by FUMA (£bn)1 135.5 Independent 119.9 Part of a larger financial group 60.5 59.2 4.7 55.8 52.6 51.6 45.7 45.0 41.7 30.2 27.2 25.6 4.7 Quilter Tilney (Schroders) Charles
Slide 11: Consideration structure promotes aligned interests and underpins attractive financial returns
Rathbone Brothers Plc | Acquisition of Saunderson House Page 11 Consideration structure promotes aligned interests and underpins attractive financial returns ‒ Funded by a combination of internal cash resources and a proposed £50m placing (c.5% issued share capital) Initial ‒ Includes repayment of £
Slide 12: The acquisition of Saunderson House delivers on our growth strategy
Rathbone Brothers Plc | Acquisition of Saunderson House Page 12 The acquisition of Saunderson House delivers on our growth strategy — Achieves our strategic priority of supporting and delivering growth: penetrating specialist markets and driving organic growth — Significantly increases our financial
Slide 13: Questions
Rathbone Brothers Plc | Acquisition of Saunderson House Page 13 Questions ?