Hci Group, Inc. · NYSE:HCI
Hci — Merger or Acquisition (May 2018)
10 slides from Hci's merger presentation, May 2, 2018
Slide 1: Summary Presentation for Federated National's Board of Directors
Summary Presentation for Federated National’s Board of Directors April 18, 2018 NYSE:HCI – Strictly Confidential – Exhibit 99.4
Slide 2: Important Cautions Regarding Forward-Looking Statements
Important Cautions Regarding Forward-Looking Statements This presentation includes certain forward‐looking statements and information, including statements regarding plans, strategies and expectations of HCI Group, Inc. (“HCI” or the “Company”). When used in this presentation, words such as “believe
Slide 3: HCI's Proposal for HCI/Federated National Combination
HCI’s Proposal for HCI/Federated National Combination Notes: Based on share price of $41.03 for HCI, as of 4/17/18 For 100% of common shares outstanding, based on 13.1 million shares outstanding for Federated National, as of 4/2/18, and assuming exchange ratio of 0.5x Based on 9.5 million shares out
Slide 4: A Highly Compelling Offer for Federated National Shareholders
A Highly Compelling Offer for Federated National Shareholders Notes: Represents dividend attributable to Federated National shareholders, based on HCI current dividend of $1.50 per share and exchange ratio of 0.5x Based on 9.5 million shares outstanding for HCI (from Form 10-K filed on 3/7/18), as o
Slide 5: Strength of Combined Management Team
Strength of Combined Management Team Strengthened Organization Paresh Patel Chairman & CEO Michael Braun President & Director Insurance Subsidiaries Insurance Subsidiaries Real Estate Technology Bruce Simberg Vice Chairman Together, HCI and Federated National will have among the most experienced tea
Slide 6: Combined Company Metrics
Combined Company Metrics Source: Federated National and HCI SEC filings Notes: Figures as of year-end 2017, unless otherwise noted Pro Forma Combined shown for illustrative purposes only and based on offer price per share of $20.52 Pro Forma Combined shown for illustrative purposes only and based on
Slide 7: Combination Results in #2 Publicly-Traded Florida P&C Insurer
Combination Results in #2 Publicly-Traded Florida P&C Insurer Notes: $ in millions Source: Florida Office of Insurance Regulation, as of 12/31/17. Annualized Gross Premiums Written in Florida includes personal and commercial residential policies only Source: SEC filings, unless otherwise noted Pro F
Slide 8: Potential for Increased Earnings and Stock Upside
Potential for Increased Earnings and Stock Upside Note: Pro forma metrics based on HCI management estimates PF 2020E EPS Estimated Range: $5.25 ‒ $6.25 Implied HCI Share Price Implied Premium to Current Federated National Share Price (Based on 0.5x Exchange Ratio) The pro forma combined company coul
Slide 9: Key Benefits for Federated National Shareholders
Key Benefits for Federated National Shareholders Higher book value per share, earnings per share and share price 5 Improved operating margins with integration of Federated National’s marketing platform and HCI’s technology and operational platforms 2 Creation of premier, Florida-based homeowners ins
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