Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — IMF (Australia) — Investor Presentation (February 2011)
12 slides from Omni Bridgeway's investor presentation, Feb 23, 2011
Slide 1: Investor Meetings
For personal use only INVESTOR MEETINGS Hugh H h McLernon M L and d Diane Di Jones J 23-25 February 2011
Slide 2: Agenda
Agenda For personal use only HY2011 Highlights Overview of HY2011 Income Balance Sheet Investment Portfolio Track Record Possible Completions in FY2011 Bank Fees Class Action Capital p Management g Convertible Notes Future Outlook 2
Slide 3: HY2011 Highlights
HY2011 Highlights For personal use only IMF’s p performance continues to improve: p HY2011 HY2010 % G Gross Income I (from cases) $36 2M $36.2M $22 5M $22.5M ¿ 61% Net Income (from cases) $23.4M $12.9M ¿ 81% NPBT $21 7M $21.7M $11 5M $11.5M ¿ 89% NPAT $15.1M $8.0M ¿ 88% Dividend (cents per share) 10
Slide 4: Overview of HY2011 – Income
Overview of HY2011 – Income For personal use only Matter Gross Gross Profit Income (before tax)1 Commonwealth of Australia (Pan) 2 $24.4M $18.1M Sons of Gwalia3 $2.6M $2.6M Ceramic Fuel Cells $2.5M $1.8M Perrin & Ors $1 3M $1.3M $1 1M $1.1M AM Corp $4.0M $0.0M Others $1.4M $ ($.2M)) ($ Total $36.2M
Slide 5: Balance Sheet
Balance Sheet For personal use only A strengthening balance sheet Cash Investments Investments¹ Net Assets $ $ $ $90.25 $69.18 $42.95 $61.24 $75.35 $40.49 $72.54 $54.99 $36.29 $64.78 $32.28 $42 99 $42.99 FY09 HY10 FY10 HY11 FY09 HY10 FY10 HY11 FY09 HY10 FY10 HY11 ¹ Investments includes capitalised o
Slide 6: Investment Portfolio
Investment Portfolio As at 31 December 2010: For personal use only Est. No % of Expected Expected Expected Claim Value Claim of Total Completion Completion Completion Range Value Cases Value FY2011 FY2012 FY2013+ <$10M $49.5M 12 3% $33M $10.5M $6M $10M - $ $ $50M $480M $ 15 30% $50M $ $300M $ $130M
Slide 7: IMF's Track Record as at Dec 2010
IMF’s Track Record as at Dec 2010 119 cases commenced and completed since listing. For personal use only Generated revenue of $261M for IMF on investment of $91M (Recovered over $830M for clients)) Average time to completion of 2.3 years. 80 Settlements 67% of cases $232M income (89% of to
Slide 8: Possible Completions in FY2011
Possible Completions in FY2011 For personal use only Matter Est. Description Claim Value* Value 31/12/10 National Potato $70M Judgment has been delivered. IMF expects to generate income of $16 $16.5M. 5M Babcock & $9M This matter has been conditionally settled. Brown IMF expects to generate income o
Slide 9: Possible Completions in FY2011
Possible Completions in FY2011 For personal use only Matter Est. Description Claim V l Value 31/12/10 Uniloc $150M Appeal judgment awarded in favour of IMF’s clients Re clients. Re-trial trial of damages to be heard in calendar 2011. Hydrocool $7M This case was completed in August 2010. Judgment is
Slide 10: Bank Fees Class Action
Bank Fees Class Action For personal use only Launched 12 May 2010 Fi Firstt proceeding di filed fil d against i t ANZ B Bank k on 22 September 2010 Exception fees over the last 6 years - Honour fees - Dishonour fees - Over limit fees - Late payment fees Targeting 12 Banks 230,000 account h
Slide 11: Capital Management – Convertible Notes
Capital Management – Convertible Notes For personal use only IMF Convertible Notes Listed on the ASX as “IMFG” Total Raised $39.1m, comprising 23,702,415 notes Face Value $1.65 p $ per Note Interest 10.25% p.a mandatory interest payments payable quarterly in arrears Interest Payable Interest is paya
Slide 12: Outlook
Outlook For personal use only Target Portfolio of circa $2B by 30 June 2011: − Marketing plans; − US opportunities; and − UK opportunities. Economic Environment: − Effective litigation lag; − Regulatory environment clarified; and − Expect opportunities. opportunities Competitors p 12
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