Iress Limited · ASX:IRE
Iress — Merger or Acquisition (November 2020)
13 slides from Iress's merger presentation, Nov 24, 2020
Slide 1: Iress and OneVue delivering end-to-end investment infrastructure
Iress and OneVue delivering end-to-end investment infrastructure November 2020
Slide 2: Leveraging market-leading strengths
Leveraging market-leading strengths The combination of Iress’ technology footprint and OneVue’s market-leading managed fund admin business provides a unique opportunity to deliver end-to-end investment infrastructure. 2
Slide 3: OneVue key metrics - scale in managed fund admin
OneVue key metrics - scale in managed fund admin 750 Recent client migrations transactions per 6 months funds 3
Slide 4: Investment infrastructure that will benefit all participants
Investment infrastructure that will benefit all participants Iress and OneVue combined will provide OneVue Iress open infrastructure to enable the industry and investors to transact and report seamlessly. Improved efficiency and transparency for all participants. Investment infrastructure Clear plan to
Slide 5: Advisers seeking desktop as core system
Advisers seeking desktop as core system Advisers use more than two Why? platforms on average.* 40 percent of advisers use more than two platforms (this has increased from 31% in 2012). Approximately two-thirds of advisers want client data to be aggregated in adviser software. If one source could agg
Slide 6: Today: complex, disconnected, and inefficient
Today: complex, disconnected, and inefficient Over time, financial Investor 60–185 bp services infrastructure → has developed multiple Distribution layers adding cost, complexity and risk. Simpler end-to-end Investor & Member technology is more Admin efficient and creates a better experience for all part
Slide 7: Inefficiencies for the industry and investors
Inefficiencies for the industry and investors Investors Contributing factors High cost to transact Advice businesses Tools have been developed to serve and hold assets. particular needs over time. Fragmented, multiple Limited access to Not a one-size-fits-all system. systems across advice and consolida
Slide 8: Iress' infrastructure extended by OneVue acquisition
Iress’ infrastructure extended by OneVue acquisition Brand Super fund Broker Platform Technology and investment Iress Open API infrastructure. Iress’ investment ecosystem Direct Assets Technology Investment Services Investment technology Managed funds Advice Investor & member delivered as-a-service
Slide 9: Iress to deliver seamless execution of advice via Xplan
Iress to deliver seamless execution of advice via Xplan Delivers significant benefits to advisers: Investment recommendation implemented Client contacts to discuss financial plan Confirmation Adviser reviews received for and provides each change recommendation Each instruction is Record of processed by
Slide 10: Benefits for all participants across the value chain
Benefits for all participants across the value chain Retail financial services Retail broker Super funds Fund manager Wealth manager Fintech Robo-adviser Custodian Investment infrastructure-as-a-service 10
Slide 11: Appendix
4 Appendix
Slide 12: Pro forma results, synergies and balance sheet
Pro forma results, synergies and balance sheet Proforma Combined Profit and Loss Statement for the 12 months ended 30 June 2020 Iress OneVue Adjustments2 Proforma Combined Operating revenue 537.9 49.1 (0.7) 586.2 Operating expenses (388.0) (42.5) 0.7 (429.7) Segment Profit 149.9 6.6 0.0 156.5 Share ba
Slide 13: Contact
Contact Andrew Walsh, CEO John Harris, CFO +61 3 9018 5800 iress.com