Regal Partners Limited · ASX:RPL
Regal Partners — Shareholder Meeting (December 2023)
11 slides from Regal Partners's shareholder meeting presentation, Dec 15, 2023
Slide 1: Extraordinary General Meeting: Chairman and CEO Addresses and Presentation Slides
Regal Partners Limited ABN 33 129 188 450 Level 47 Gateway, 1 Macquarie Place Sydney NSW 2000 Australia T. +61 2 8197 4350 www.regalpartners.com 15 December 2023 ASX Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Extraordinary General Meeting For personal us
Slide 2: Chairman's Address
Chairman’s Address On behalf of the Board of Regal Partners (or RPL), I would like to warmly welcome all shareholders today and we very much thank you for your support. The purpose of today’s meeting is to seek shareholder approval for the issuance of Converting Shares in relation to Regal’s acquisi
Slide 3: Chairman's and CEO's Address (continued)
• conversion of the other $40m worth of Converting Shares is contingent on satisfaction of specific revenue targets for the PM Capital business and will be tested at various dates between July 2026 and July 2028. This $40m tranche of Converting Shares will also convert automatically to ordinary shar
Slide 4: Chairman's Address
For personal use only Chairman’s Address Michael Cole AM
Slide 5: PM Capital business overview
PM Capital business overview Multi-award winning specialist long / short equity and fixed income manager HIGHLIGHTS OVERVIEW For personal use only • Founded in 1998 by current Chairman and Chief Investment Officer Paul Moore, the business services a diverse range of Australian wholesale and retail c
Slide 6: Transaction summary
Transaction summary • RPL proposes to pay approximately $150m for the acquisition of 100% of PM Capital’s shares: For personal use only • Upfront consideration of $20m in cash (subject to net debt and working capital adjustments); • Scrip consideration of approximately $130m in Converting Shares1 in
Slide 7: CEO's Presentation
For personal use only CEO’s Presentation Brendan O’Connor
Slide 8: Regal Partners' FUM to increase to $10.8bn post-acquisitions
Regal Partners’ FUM to increase to $10.8bn1 post-acquisitions $2.7bn1 $10.8bn1 OVERVIEW TAURUS PM CAPITAL For personal use only $10,000m Founded 2006 1998 FUM1 $2.3bn $2.7bn $2.3bn1 Employees 23 22 $8,000m Investment 9 + 7 technical 8 Professionals directors Australia, $6,000m $5.8bn1 Offices Europe
Slide 9: FUM increasingly diversified across asset class and channel
FUM increasingly diversified across asset class and channel1 PRO FORMA FUM BY ASSET CLASS, INCLUDING TAURUS & PM CAPITAL PRO FORMA FUM BY CLIENT CHANNEL, INCLUDING TAURUS & PM CAPITAL For personal use only 6% Long/short equities LICs/LITs 22% Private markets 31% Retail unlisted unit trusts 31% Real
Slide 10: Transaction rationale
Transaction rationale 1 2 3 4 For personal use only Deeply experienced, multi- Highly complementary Scale benefits & access to award-winning investment and well-diversified Strong alignment of interests, enhanced corporate and capability investor base financially accretive operational platform • PM
Slide 11: Disclaimer
Disclaimer The information in this presentation (Information) has been prepared by Regal Partners Limited (ABN 33 129 188 450) (Regal Partners) and is current as at the date of this presentation. All currency data in this presentation is in Australian dollars (A$) unless stated otherwise. For person