Stonex Group Inc. · NASDAQ:SNEX
Stonex — International Assets Holding — Merger or Acquisition (July 2009)
18 slides from Stonex's merger presentation, Jul 2, 2009
Slide 1: Creates a Leading Global Provider of Consulting and Trade Execution Services
Exhibit 99.1 Creates a Leading Global Provider of Consulting and Trade Execution Services July 2, 2009
Slide 2: Disclaimer
Disclaimer “The following presentation should be taken in conjunction with the most recent financial statements and notes thereto as well as the most recent Form 10-Q filed with the SEC. This presentation may contain "forward-looking statements" within the meaning of Section 27A of the Securities Ac
Slide 3: Transaction Highlights
Transaction Highlights International Assets Holding Corp. (“INTL”) and FCStone Group, Inc. (“FCSX”) merge to create a leading global provider of consulting and trade execution services Transaction INTL and FCSX shareholders will own 52.5% / 47.5%, respectively FCStone will retain its name and operat
Slide 4: Strategic Fit
Strategic Fit High Touch Complex Markets Providing strategic recommendations and value added execution capabilities Risk Management Consulting OTC Market Making Complete trading solution for customer Exchange Traded Platform Hard Commodities, FX, Equities Complementary product expertise Agricultural
Slide 5: Complementary Platforms
Complementary Platforms INTL + FCSX = Combined Hard Commodities Agricultural, Energy & Soft Commodities Foreign Exchange International Equities International Debt Capital Markets Asset Management Risk Management Advisory Capabilities 4
Slide 6: A Unique Company
A Unique Company Leading OTC trader and hedger of physical metals for commercial consumers throughout the supply chain – producers to consumers Significant player in hedging of agricultural, energy and soft commodities for commercial Foreign Commodities Exchange Trading entities throughout the value
Slide 7: Complementary International Footprint
Complementary International Footprint Combined International Presence: • Relationships in over 100 Countries • Offices in 28 Cities • Locations in 11 Countries Business Activity FCStone Offices INTL Offices 6
Slide 8: Strategic Growth Plan
Strategic Growth Plan Disciplined capital allocation approach by protecting and compounding capital Robust risk management No significant change in overall business strategy for either FCSX or INTL Offer value added services to build durable revenue streams and create franchise value over time Broad
Slide 9: Combined Company Highlights
Combined Company Highlights ($ in millions) Combined Adjusted Operating Revenue Last 4 Fiscal Quarters $100 $311 $411 1H'09 Annualized $117 $278 $395 Adjusted EBITDA Last 4 Fiscal Quarters $22 $59 $81 1H'09 Annualized $33 $40 $73 Adjusted Net Income Last 4 Fiscal Quarters $10 $32 $43 1H'09 Annualize
Slide 10: FCStone Overview
FCStone Overview FCSX is an integrated commodity risk management company which provides risk management consulting and transaction execution services to commercial commodity intermediaries, end-users and producers In fiscal year 2008, FCSX served approximately 9,000 customers FCSX has access to all
Slide 11: FCSX – Customer Oriented Business Model
FCSX – Customer Oriented Business Model Customers / Industries Served Customers Agriculture Fuel Surcharge Carbon Credits Floor Traders Energy Livestock Introducing Brokers Professional Traders Renewable Fuels Food Products Introducing Brokers Weather Forest Products Risk Management Commodity & Clea
Slide 12: FCSX – Financial Performance
FCSX – Financial Performance Revenue, net of cost of commodities sold Adjusted EBITDA & Adjusted EBITDA Margin $400 $100 40% $350 $336.5 $310.6 $80.0 $80 $300 30% $257.8 24% $58.7 $250 $60 $54.4 $200 $181.9 19% 20% 15% 21% $150 $40 $26.7 $100 10% $20 $50 $0 $0 0% FY2006 FY2007 FY2008 LTM Q2'09 FY 20
Slide 13: INTL Overview
INTL Overview Fortune 500 Company, established in 1981 and listed on NASDAQ since 1994 under ticker “IAAC” Ranked #16 in ten year profit growth and # 12 for returns to shareholders INTL has five business units – international equities market making, international debt capital markets, foreign exchan
Slide 14: INTL Business Model
INTL Business Model Diversified Revenue Base Experienced International Equity Market-Making Professionals Commodities Trading 1 Foreign Exchange Over 190 professionals globally International Debt Capital Markets Management has over 50 years Asset Management of combined experience in banking and cred
Slide 15: INTL – Consistent Financial Performance
INTL – Consistent Financial Performance Adjusted Operating Revenue Adjusted Net Income $125 $117.0 $20 $17.0 $100.5 100 15 $77.0 $10.1 $11.0 75 10 $8.2 50 $43.4 5 $2.6 $22.0 $26.1 25 0 ($0.1) 0 (5) FY2004 FY2005 FY2006 FY2007 FY2008 YTD FY2004 FY2005 FY2006 FY2007 FY2008 YTD FY2009 FY2009 Ann. Ann.
Slide 16: Appendix – FCSX Financial Reconciliation
Appendix – FCSX Financial Reconciliation ($ millions) 2006 2007 2008 LTM Q2'09 YTD Q2'09 Revenue (as reported) $1,294.8 $1,342.0 $337.5 $314.1 $142.2 Cost of commodities sold (1,112.9) (1,084.2) (1.1) (3.5) (3.1) Revenue, net of cost of commodities sold $181.9 $257.8 $336.5 $310.6 $139.1 Net Income
Slide 17: Proposed business combination notice
This presentation is being made in respect of the proposed business combination involving International Assets and FCStone. In connection with the proposed transaction, International Assets intends to file with the SEC a registration statement on Form S-4, containing a joint proxy statement/prospect
Slide 18: Creates a Leading Global Provider of Consulting and Trade Execution Services
Creates a Leading Global Provider of Consulting and Trade Execution Services July 2, 2009
International Assets Holding — Merger or Acquisition (July 2009) on 6ix