Slide 1: Market Announcement: Investor Briefing Business Review and Conference Call
Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 For personal use only MARKET ANNOUNCEMENT www.computershare.com Date: 19 May 2020 To: Australia
Slide 2: Investor Briefing Business Review
For personal use only INVESTOR BRIEFING BUSINESS REVIEW 20 May 2020
Slide 3: Key messages
Key messages For personal use only Underlying businesses are operating resiliently ex Margin Income, FY20 guidance maintained › After a period of unprecedented volatility and challenges, Computershare’s key business lines are proving robust and performing in line with expectations › Continuing to ex
Slide 4: Business review
Business review For personal use only Continuing to execute long-term growth strategies › Limited revenue impact from portfolio run off. MSR market value decline driven by volatile rate environment; no impact on servicing revenues Mortgage › Continuing to carefully invest to build a sustainable, hig
Slide 5: Margin Income
Margin Income For personal use only Guidance maintained Margin Income revenue by business unit (USD millions) 2H FY20F FY20F FY21F Business Activity FY19 1H FY20 Divisional estimates Issuer Services 112 44 26 70 40 Employee Share Plans 16 6 4 10 5 (incl. Vouchers) Business Services 58 33 17 50 30 Mo
Slide 6: Mortgage Services: Portfolio growth offsetting re-financing led run-off
Mortgage Services For personal use only Portfolio growth offsetting re-financing led run-off Portfolio UPB evolution (US$B) › UPB up 6.2% to $118.5B at 30 April 36.7 › Good mix of performing (+$5B) and non-performing (+$2B) 36.7 Sub- › Near term opportunities to increase non-performing sub-servicing
Slide 7: Mortgage Services: US forbearance requests declining
Mortgage Services For personal use only US forbearance requests declining, delinquency levels in line with expectations US daily forbearance request count and delinquency rate (%) › Forbearance requests reducing from early April high 7,000 # forbearance requests Agency delinquency rates (%) (RHS) 10
Slide 8: Employee Share Plans
Employee Share Plans For personal use only Continuing to increase exposure to structural growth trends Global Plans Fee Income, Last 3 months and over PCP (US$M) › Issuer paid fees increased in April by 13% pcp Transactional fees 33 › Transactional fees stabilising – reduced decline in 31 Issuer pai
Slide 9: Issuer Services
Issuer Services For personal use only Resilient Register Maintenance revenues with Corporate Actions momentum returning Corporate Actions activity by geography (# wins), COVID-19 period to date¹ › Corporate Actions April fee revenue strong $2.6M (+67%) on pcp across geographies › 161 new Corporate A
Slide 10: Business Services
Business Services For personal use only Positive trends in countercyclical revenue Number of Bankruptcy cases administered (calendar year) n.a.1 $852 $65 $41 $48 $33 $25 $16 $26 $23 $20 $35 74 74 › 26 new cases won in 2020 (as at end April), $X CY revenue US$m surpassing full calendar year 2019 case
Slide 11: Capital Management
Capital Management For personal use only Balance sheet provides strength and flexibility to execute long-term growth strategies Net Debt to EBITDA leverage ratio stable › Net Debt to EBITDA leverage ratio expected to be around 2.15x at 30 June 2020 › Net Debt organically improving › Leverage metrics
Slide 12: Conclusion
Conclusion For personal use only Continuing to execute long-term growth strategies Strategies to build stronger business with scale, proprietary technologies and increasing efficiencies remain intact Increasing exposure to structural growth trends – equity remuneration, increasing number of entities
Slide 13: Important notice
Important notice For personal use only Summary information • This announcement contains summary information about Computershare and its activities current as at the date of this announcement. • This announcement is for information purposes only and is not a prospectus or product disclosure statement