Aub Group Limited · ASX:AUB
Aub — Shareholder Meeting (November 2020)
23 slides from Aub's shareholder meeting presentation, Nov 10, 2020
Slide 1: ASX release: Annual General Meeting Presentation
10 November 2020 For personal use only The Manager Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 FOR RELEASE TO THE MARKET Annual General Meeting Presentation Please find attached for immediate release in relation to AUB Grou
Slide 2: Annual General Meeting
For personal use only AUB Group Limited Annual General Meeting 10 November 2020 1
Slide 3: Agenda
AUB GROUP FY20 AGM For personal use only 3 Chair’s Address Agenda 6 CEO’s Address 16 Appendices 2 AUB Group FY20 | Proxy Advisor Update
Slide 4: Chair's Address
For personal use only Chair’s Address David Clarke Chairman
Slide 5: FY20 Overview – Key Messages
FY20 OVERVIEW – KEY MESSAGES Pleasing result and momentum positioning AUB Group for sustained growth For personal use only 1 2 3 4 A strong FY20 Executed Resilient Strong progress result, strongest acquisition of a business against FY20 UNPAT growth 40% stake in performance in- Execution since FY13
Slide 6: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY In FY20, the Group has increased its focus on our ESG reporting including key metrics on our emissions and our efforts to promote diversity in the workforce For personal use only Our Statement of Values Aspirational Partnership & Relationship Genuine Resourceful Drive
Slide 7: CEO's Address
For personal use only CEO’s Address Mike Emmett CEO and Managing Director
Slide 8: FY20 Financial Performance: Overview
FY20 FINANCIAL PERFORMANCE: OVERVIEW Performed above guidance and delivered an Underlying NPAT of $53.42mn, an increase of 15.2% from FY19 – our best year-on-year growth since FY13 For personal use only FY19 to FY20 Underlying NPAT1 Breakdown ($mns) 15.2% 0.8 1.3 1.8 1.0 1.5 53.4 (1.7%) 2.8% (2.2%)
Slide 9: FY20 Financial Performance: Divisional
FY20 FINANCIAL PERFORMANCE: DIVISIONAL Strong results in Australian Broking and New Zealand, a significant turnaround in Health and Rehabilitation and reduced revenue in Australian Agencies For personal use only Vs. FY19 AUSTRALIAN AUSTRALIAN HEALTH AND OPERATING comparative period NEW ZEALAND3 BROK
Slide 10: FY20 Corporate Cashflow
FY20 CORPORATE CASHFLOW Generated an operating cash flow of $50.6m, as strong dividend receipts resulted in an improved cash position in comparison to prior year For personal use only AUB Corporate Entity Cash Movement ($mns) Operating cash generation of $50.6m 137.5 148.6 14.0 64.6 20.6 36.1 17.2 F
Slide 11: FY20 Execution Priorities Progress
FY20 EXECUTION PRIORITIES PROGRESS Strong progress with execution priorities identified at the start of FY20 has built momentum in the business For personal use only EXECUTE ON STRATEGICALLY EPS accretive acquisition Expanded market share and scale through 1 ALIGNED ACQUISTIONS of 40% of BizCover mu
Slide 12: FY21 Focus – Strategic Themes and Priorities
FY21 FOCUS – STRAGIC THEMES AND PRIORITIES In FY21, we will expand our focus to exploit our portfolio’s potential for organic growth while strategically leveraging M&A to accelerate growth For personal use only Strategic Themes FY21 Strategic Priorities Leverage the scale of our portfolio EXECUTE ON
Slide 13: FY21 Guidance: Upgrade
FY21 GUIDANCE: UPGRADE Underlying NPAT for FY21 in the range of $60 - $62mn (upgraded from 25 Aug 20 of 58.5mn - $61.0mn), representing growth of 12.3% to 16.1% over FY20 For personal use only AUB Group Underlying NPAT1 $mns ▪ AUB Group’s strong momentum from FY20 has continued into the first quarte
Slide 14: Questions?
For personal use only Questions?
Slide 15: Thank You
For personal use only Thank You David Clarke Chairman Mike Emmett CEO and Managing Director
Slide 16: Notice
NOTICE For personal use only SUMMARY INFORMATION This document has been prepared by AUB Group Limited (ABN 60 000 000 715) (AUB). It is a presentation of general background information about AUB’s activities current at the date of the presentation. It is information in a summary form and does not pu
Slide 17: Appendices
For personal use only Appendices
Slide 18: Our Board of Directors
OUR BOARD OF DIRECTORS Profiles For personal use only David Clarke Robin Low Cath Rogers Non-Executive Chairman, Chair of the Nomination Non-Executive Director, Chair of the Audit & Risk Non-Executive Director Management Committee ▪ 40 years experience in investment ▪ Former PwC partner with over 30
Slide 19: AUB Group: An Overview
AUB GROUP An Overview For personal use only $3.4B+ GWP 17 STRATEGIC INSURANCE ▪ 64 broking partner businesses. INSURANCE BROKING OF $3.0B VIA EQUITY PARTNERSHIPS AUSTRALIAN ▪ Established complementary capabilities in Life AND NETWORK PARTNERS | SPECIALIST Insurance Broking, Premium Funding, Claims A
Slide 20: Australian Broking: Divisional Overview
AUSTRALIAN BROKING Divisional Overview For personal use only • Our Australian broking business encompasses some of Australia’s largest and most reputable brokerage business, with specialist expertise, market penetration and quality client portfolios. • The portfolio consists of ~ 2,100 staff with 71
Slide 21: New Zealand Broking: Divisional Overview
NEW ZEALAND BROKING Divisional Overview For personal use only • AUB Group New Zealand has grown significantly since commencement in 2015, providing a key source of growth opportunities for the Group. • AUB Group New Zealand, selectively invests in high-performing broking and underwriting agency busi
Slide 22: Australian Agencies: Divisional Overview
AUSTRALIAN AGENCIES Divisional Overview For personal use only • Our Australian Agencies division comprises some of Australia’s leading specialist underwriters who distribute and manage niche insurance products on behalf of domestic and internationally licensed insurers, including Lloyd’s. • The busi
Slide 23: End
For personal use only End