EFG International AG · SIX:EFGN

EFG International — Merger or Acquisition (August 2016)

14 slides from EFG International's merger presentation, Aug 10, 2016

  1. Slide 1: Update on BSI transaction

    Update on BSI transaction 10 August 2016 Practitioners of the craft of private banking 1

  2. Slide 2: Important Legal Disclaimer

    Important Legal Disclaimer This document has been prepared by EFG International AG (“EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for or purchase or redemptio

  3. Slide 3: Update on BSI transaction

    Update on BSI transaction  Completion of ordinary share capital increase – gross proceeds of CHF 295 million  Received approval from FINMA regarding the proposed acquisition of BSI  Completed legal filing across 20+ jurisdictions  Announced future management structure after closing of acquisitio

  4. Slide 4: Highlights of BSI 1H 2016

    Highlights of BSI 1H 2016  BSI performance in the first half 2016 reflected the difficult market environment, the negative impact of the regulatory actions in Asia and a high number of exceptional items  NNM decreased by CHF 9.6 billion in the first half of 2016  More than 38% of the outflows pre

  5. Slide 5: BSI – Financial summary (IFRS)

    BSI – Financial summary (IFRS) 1H 2016 vs. 2H 2015 vs. 1H 2015 IFRS net profit CHF (18.3m) CHF 28.1m CHF 100.7m Underlying net profit CHF 34.4m CHF 36.5m CHF 99.4m Operating income (underlying) CHF 341.5m CHF 373.0m CHF 449.1m Revenue margin (underlying) 83 bps 82 bps 94 bps Net new money1 CHF (9.6)

  6. Slide 6: 1H 2016 Highlights

    1H 2016 Highlights RoAuM marginally up vs. 2H 2015 level; outflows largely related to the regulatory actions in relation to BSI Singapore Revenue-generating AuM Average revenue-generating Net new money* RoAuM (underlying) (in CHFbn) AuM (in CHFbn) (in CHFbn) (in bps) Other income RoAuM on AuM excl.

  7. Slide 7: Underlying recurring net profit vs IFRS profit

    Underlying recurring net profit vs IFRS profit Underlying recurring net profit CHF 34.4m 1H 2016 (in CHFm) All figures on post tax basis 1H 2016 net income was impacted by the following exceptional items:  FINMA disgorgement of profit : CHF 95m 8.0 76.5 (CHF 76.5m post tax)  MAS fine : CHF 9.6m (C

  8. Slide 8: Purchase price

    Purchase price Preliminary purchase price estimated at CHF 1,050m* (in CHFm) As of 1H 2016, the preliminary purchase price estimated at CHF 1,050m  29.3m additional EFG consideration 1,050  Preliminary estimated purchase shares issued to price adjustments of c. CHF 140m** BTG  Cash consideration

  9. Slide 9: Update on BSI transaction – next steps

    Update on BSI transaction – next steps  Closing of the BSI transaction expected by 4Q 2016  Singapore full operating integration by the end of November 2016 at the latest  Legal integration in Switzerland mid-2017  Legal integrations in other jurisdictions by 2Q/3Q 2017  Migration of BSI’s busi

  10. Slide 10: Key conclusions

    Key conclusions  BSI acquisition is an important milestone for the future of EFG  Integration on track  Enhanced offering will increase profitability  Solid, profitable due to synergies for the integrated, combined bank  Swiss financial centre: Swiss solution in an environment marked by consoli

  11. Slide 11: Appendix

    Appendix EFG@ International

  12. Slide 12: De-risking the acquisition (I)

    Update on BSI transaction & integration De-risking the acquisition (I) Purchase price adjustment mechanism  Preliminary purchase price subject to adjustments (up or down) for:  Changes in IFRS tangible book value  Net new money differences between 30-Nov-2015 and closing, if such difference is hi

  13. Slide 13: De-risking the acquisition (II)

    Update on BSI transaction & integration De-risking the acquisition (II) Indemnities for BSI legal risks  BTG has agreed to indemnify EFG against certain damages relating to breaches of:  any representations and warranties  covenants and obligations  other matters related to specific legal cases

  14. Slide 14: Contacts

    Contacts Investors Media Investor Relations Marketing & Communications Jens Brueckner Daniela Haesler Head of Investor Relations Head of Marketing & Communications Telephone: +41 44 226 1799 Telephone: +41 44 226 1804 E-mail: jens.brueckner@efginternational.com E-mail: daniela.haesler@efginternation

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