Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — IMF (Australia) — Shareholder Meeting (November 2011)
17 slides from Omni Bridgeway's shareholder meeting presentation, Nov 4, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Annual General Meeting Radisson Plaza Hotel Sydney 4 November 2011
Slide 2: Welcome to IMF's Annual General Meeting
Annual General Meeting For personal use only Welcome to IMF’s Annual General Meeting Rob Ferguson - Non-Executive Non Executive Chairman 2
Slide 3: Agenda
Agenda For personal use only Introduction Overview of FY2011 – Hugh McLernon McLernon, MD – Highlights – Income – Financial Performance – Balance Sheet – Investment Portfolio – Track Record as at June 2011 – New Agreements in FY2011 Possible Completions in FY2012 Capital Management – Convert
Slide 4: Overview of FY2011
Overview of FY2011 For personal use only 7 cases resolved including: – Commonwealth of Australia (Pan) – Oz Minerals – Babcock & Brown (US) Net income from litigation g funding g was $38M. Net profit after tax $23M. IMF’s IMF’ iinvestment t t portfolio tf li grew b by 27% – from f $1,404M to
Slide 5: FY 2011 Income
FY 2011 Income For personal use only 7 cases were finalised in FY 2011. Matter Gross Income Gross profit Commonwealth of Australia (Pan) $24.4M $18.1M Oz Minerals $15 6M $15.6M $12 8M $12.8M AM Corp $4.0M $0.0M Ceramic Fuel Cells $2.5M $1.8M Perrin & Ors $1.3M $1.1M Babcock and Brown ‐ US $1.6M $0.8
Slide 6: FY2011 - Financial Performance
FY2011 - Financial Performance For personal use only IMF delivered its largest profit since inception. FY2011 FY2010 % Gross Income (from cases) $57.9M $46.1M 26% Net Income (from cases) $38 0M $38.0M $19 7M $19.7M 93% NPBT $32.8M $16.8M 95% NPAT $22.9M $11.9 M 92% Interim Dividend (cents pe
Slide 7: FY 2011 Highlights
FY 2011 Highlights For personal use only A Strengthening Balance Sheet. Cash Investments¹ Net Assets $ $ $ $87.19 $59.63 $61.24 $55.01 $72.54 $67.23 $64.78 $51.64 $42 99 $42.99 $40 49 $40.49 $32.28 $28.12 FY08 FY09 FY10 FY11 FY08 FY09 FY10 FY11 FY08 FY09 FY10 FY11 ¹ Investments includes capitalised
Slide 8: Investment Portfolio
Investment Portfolio For personal use only As at 30 September 2011 Est. No % of Expected Expected Expected Claim Value Claim of Total Completion Completion Completion Range Value* Cases Value FY2011 FY2012 FY2013+ <$10M $18.5M 4 1% $13.5M $5.0M - $10M - $ $ $50M $270.0M $ 13 16% $65.0M $ $35.0M $ $1
Slide 9: IMF's Track Record as at June 2011
IMF’s Track Record as at 30 June 2011 For personal use only Summary 123 cases commenced and completed since listing. Generated revenue of $273M to IMF. Invested $86M. 83 Settlements Generated revenue of $251M to IMF. IMF Investment Portfolio 15 Judgments Won 10 cases. Lost 5. Generated
Slide 10: New Cases in FY11
New Cases in FY11 For personal use only Matter Rivercityy Westgem Babcock & Brown – Australian claim Downer National Australia Bank Others Total $360M 10
Slide 11: Possible Completions in FY 2012
Possible Completions in FY 2012 For personal use only Matters likely to be completed within the next twelve months Matter Description National Potato Judgment has been delivered in favour of IMF’s client. Awaiting damages assessment. IMF expects to ggenerate income of about $ $16.5M. Credit Corp Thi
Slide 12: Outlook
Outlook For personal use only No NPAT Forecast FY2012 Target Portfolio of $2B: − US Subsidiary; − Marketing plans; and − UK opportunities. Economic Environment: − Effective Eff ti litigation liti ti llag; − Regulatory environment clarified; and − Expect opportunities. opportunities 12
Slide 13: Resolution
Resolution 1 For personal use only “That, Mr Rob Ferguson, being a director of the Company Company, retires by rotation in accordance with Clause 13.2 of the Constitution and and, being eligible eligible, is hereby re-elected as a director of the Company ” Company. 13
Slide 14: Resolution
Resolution 2 For personal use only “That, Mr Alden Halse, being a director of the Company, retires by rotation in accordance with Clause 13.2 of the Constitution and, being eligible, is hereby re-elected as a director of the Company.” 14
Slide 15: Resolution
Resolution 3 For personal use only “That, Mr Clive Bowman, being a director appointed as an additional director of the Company, retires in accordance with Clause 13.5 of the Constitution and, being eligible, is hereby re-elected as a director of the Company.” 15
Slide 16: Resolution
Resolution 4 For personal use only “That, “Th t for f the th purposes off Section S ti 250R(2) of the Corporations Act, the R Remuneration ti RReportt be b adopted.” d t d” 16
Slide 17: Questions and Answers
IMF (Australia) Ltd For personal use only Questions and Answers 17
IMF (Australia) — Shareholder Meeting (November 2011) on 6ix