Australian Unity Ltd · ASX:AYUPA

Australian Unity — Investor Presentation (October 2021)

31 slides from Australian Unity's investor presentation, Oct 11, 2021

  1. Slide 1: ASX Announcement

    ASX Announcement 11 October 2021 Australian Unity Mutual Capital Instruments Investor Presentation Please find attached the Investor Presentation relating to the follow-on issue of Australian Unity Mutual Capital Instruments. -end- This announcement has been authorised for distribution to the ASX by

  2. Slide 2: US securities law notice

    to, the registration requirements of the U.S. Securities Act and any other applicable U.S. state securities laws.

  3. Slide 3: Investor presentation

    Australian Unity Limited Investor presentation Follow-on offer of Australian Unity mutual capital instruments

  4. Slide 4: Important information

    Important information • The information contained in this presentation has been prepared by • The information in this presentation is current as at the date of this Australian Unity Limited ABN 23 087 648 888 (“Company” or “Australian presentation, remains subject to change without notice, and will

  5. Slide 5: Important information continued

    Important information continued • This presentation may contain forward looking statements and comments about future events, including in relation to the Company’s business. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “l

  6. Slide 6: Agenda

    Agenda Slide reference 1. Information about Australian Unity 5 2. Summary of Australian Unity MCIs 13 3. Overview of the Offer 21 4. Appendix 25 Australian Unity has made a Target Market Determination (“TMD”) for Australian Unity MCIs as required under s994B of the Corporations Act A copy of the TMD

  7. Slide 7: 1. Information about Australian Unity

    1. Information about Australian Unity AUL investor presentation – Follow-on offer of Australian Unity mutual capital instruments 5

  8. Slide 8: Australian Unity

    Australian Unity A mutual organisation with over 180 years of history • Australian Unity’s history traces back to 1840, when eight people came together in a Melbourne pub to form a friendly society to help fellow Australians in times of hardship. • Through strategic mergers and diversifications into

  9. Slide 9: Social impact and purpose

    Social impact and purpose Australian Unity – supporting individuals and communities to thrive Australian Unity’s CSV framework • Delivering value to members, customers, employees and the broader community is a hallmark of the Priority outcomes Australian Unity Group. Lifelong wellness • Through its

  10. Slide 10: Australian Unity Group portfolio

    Australian Unity Group portfolio Diversified portfolio of thematically-linked businesses, segmented into three platforms Independent & Assisted Retail Wealth & Capital Markets Living • Residential communities • Health insurance • Advice (including aged care) • Banking • Investments Principal • Home

  11. Slide 11: Business strategy

    Business strategy Meeting Australia’s future wellbeing needs Australia’s population is expected to both grow and age1 Total population (m) Population by age group (m) • Australian Unity’s strategic agenda reflects a growing demand amongst its members and +24% +56% customers for valued health, wealth

  12. Slide 12: History of profitability

    History of profitability Profit after income tax1 2 ($m) 60.0 50.0 40.0 30.0 48.8 50.3 45.1 20.0 32.9 10.0 9.1 0.0 FY2017 FY2018 FY2019 FY2020 FY2021 1 Included in the FY2018 result was a profit from discontinued operations of $66.9m from the divestment of the Australian Unity Group’s corporate heal

  13. Slide 13: Debt maturity profile

    Debt maturity profile 30 June 2021 debt maturity profile ($m) 1 Subsequent to 30 June 2021 an additional $25m bank facility maturing July 2023 was established and $100m of corporate facilities were drawn. AUL investor presentation – Follow-on offer of Australian Unity mutual capital instruments 11

  14. Slide 14: Impact of the Offer

    Impact of the Offer Pro forma consolidated balance sheet Pro forma Pro forma Australian Unity MCI Dividend Payout Ratio2 30 June adjustments for $m adjustments for Pro forma 2021 the impact of the acquisitions $m FY21 Offer Cash and cash equivalents 1,008.7 (21.9) 54.5 1,041.3 Pro forma Australian U

  15. Slide 15: 2. Summary of Australian Unity MCIs

    2. Summary of Australian Unity MCIs AUL investor presentation – Follow-on offer of Australian Unity mutual capital instruments 13

  16. Slide 16: Australian Unity MCIs

    Australian Unity MCIs Australian Unity issued $120 million of Australian Unity MCIs in December 2020, becoming the first issuer of mutual capital instruments Australian Unity MCIs trading price history since listing $110.00 $108.00 $106.00 $104.00 $102.00 $100.00 Jan 21 Feb 21 Mar 21 Apr 21 May 21 J

  17. Slide 17: Key features of Australian Unity MCIs

    Key features of Australian Unity MCIs • Australian Unity is a mutual organisation with a core purpose of providing health, wealth and care products and Issuer with purpose services that deliver community and social value • Perpetual shares with no rights for Holders to require repurchase or redempti

  18. Slide 18: Ranking of Australian Unity MCIs

    Ranking of Australian Unity MCIs1 The table below illustrates how the Australian Unity MCIs would rank on a winding-up of Australian Unity. Existing debt obligations and Ranking Type of instrument Illustrative examples equity Employee entitlements and Higher ranking Secured debt Employee entitlement

  19. Slide 19: Key risk summary

    Key risk summary These and other risks associated with the Australian Unity MCIs and Australian Unity are discussed in more detail in Section 4 of the Prospectus. All potential investors should review the risks outlined in the Prospectus and not rely on this presentation. Key risks associated with A

  20. Slide 20: Key risk summary continued

    Key risk summary continued These and other risks associated with the Australian Unity MCIs and Australian Unity are discussed in more detail in Section 4 of the Prospectus. All potential investors should review the risks outlined in the Prospectus and not rely on this presentation. Key risks associa

  21. Slide 21: Key risk summary continued

    Key risk summary continued These and other risks associated with the Australian Unity MCIs and Australian Unity are discussed in more detail in Section 4 of the Prospectus. All potential investors should review the risks outlined in the Prospectus and not rely on this presentation. Key risks associa

  22. Slide 22: Key risk summary continued

    Key risk summary continued These and other risks associated with the Australian Unity MCIs and Australian Unity are discussed in more detail in Section 4 of the Prospectus. All potential investors should review the risks outlined in the Prospectus and not rely on this presentation. General risks • A

  23. Slide 23: 3. Overview of the Offer

    3. Overview of the Offer AUL investor presentation – Follow-on offer of Australian Unity mutual capital instruments 21

  24. Slide 24: Offer structure

    Offer structure • Offer available to Eligible Members of Australian Unity Member Offer • Eligible Members are a financial member of Australian Unity within the meaning of the Constitution as at 23 September 2021, and a person within the Target Market (as defined in the Target Market Determination) w

  25. Slide 25: Indicative dates for the Offer

    Indicative dates for the Offer Key dates for the Offer Record date for determining Eligible Members for the Member Offer 23 September 2021 Record date for determining Eligible Securityholders (7:00pm) for the Securityholder Offer 23 September 2021 Lodgement of Prospectus with ASIC and opening date o

  26. Slide 26: Key contacts

    Key contacts Name Title Phone Email Australian Unity Limited Group Executive, Finance & Strategy and Chief Darren Mann +61 3 8682 6039 dmann@australianunity.com.au Financial Officer Adam Vise Group Treasurer +61 404 873 894 avise@australianunity.com.au Tim Steer Assistant Group Treasurer +61 450 381

  27. Slide 27: 4. Appendix

    4. Appendix AUL investor presentation – Follow-on offer of Australian Unity mutual capital instruments 25

  28. Slide 28: Appendix A – Key differences between MCIs and other securities

    Appendix A – Key differences between Australian Unity MCIs and certain other securities Please refer to Section 2.2 of the Prospectus for further information on the differences between Australian Unity MCIs and certain other securities. Australian bank Tier 1 Senior bonds Australian Unity MCIs Ordin

  29. Slide 29: Appendix B – Key terms of Australian Unity MCIs

    Appendix B – Key terms of Australian Unity MCIs1 Security • Perpetual, fully paid mutual capital instruments Issue size • $160 million, with the ability to raise more or less Issue Price • $103 per Australian Unity MCI Face Value • $100 per Australian Unity MCI • The Dividend Rate is 5.00 per cent p

  30. Slide 30: Appendix B – Key terms of Australian Unity MCIs continued

    Appendix B – Key terms of Australian Unity MCIs continued1 Holder exit rights • A Holder has no right to request or require repurchase of Australian Unity MCIs • The Issuer has the right to Repurchase Australian Unity MCIs in accordance with a Repurchase Notice given at any time Issuer call rights i

  31. Slide 31: O Australian

    1 8 O Australian 7 YEARS Real Wellbeing

Australian Unity — Investor Presentation (October 2021) on 6ix