Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Merger or Acquisition (April 2013)
10 slides from Bank Of Queensland's merger presentation, Apr 10, 2013
Slide 1: Acquisition of Virgin Money Australia
Bank Clickof toQueensland edit Master title style Click to edit Acquisition of Master subtitle Virgin Money style Australia Stuart Grimshaw, Managing Director & CEO 10 April 2013
Slide 2: Transaction details
Transaction details BOQ acquiring Virgin Money Australia (VMA) from the Virgin Group Total purchase price of $40m, including ~$30m in BOQ shares(1) (subject to a 12 month lock-up) Agreement with the Virgin Group for the exclusive use of the Virgin Money brand in Australia for up to 40 years in
Slide 3: A compelling transaction for BOQ shareholders
A compelling transaction for BOQ shareholders Established challenger brand opportunity in a market which lacks exciting alternatives 1 Combining traditional banking management strength with a new world customer and distribution business VMA’s proven online expertise removes execution risk of b
Slide 4: Transaction consistent with BOQ's Strategy
Transaction consistent with BOQ’s Strategy BOQ’s strategic focus How does VMA deliver against strategy? 1. Multi-channel VMA brings core competency in online customer acquisition optimisation BOQ brand predominantly branch based Broadens BOQ’s exposure to different customers and segments 2
Slide 5: Financial impact
Financial impact Total purchase price of $40m, including ~$30m in BOQ shares(1) Ongoing royalty for use of Virgin Money brand VMA currently loss-making given still in start-up phase: Continuing existing customer acquisition and growth profile would deliver a positive and fast growing earning
Slide 6: Summary
Summary BOQ has worked hard to successfully re-establish business fundamentals over last 18 months and is now acquiring a unique opportunity for future growth; creating a combination that is stronger than the sum of the parts: VMA customers represent the strong new world distribution footprint t
Slide 7: Appendices
Appendices Additional Information
Slide 8: About Virgin Money Australia
About Virgin Money Australia Virgin brand universally recognised as a challenger in the global and Australian market, with growing awareness and consideration in financial services VMA established in Australia in 2003. Relaunched with new strategic partnerships and a new range of banking and ins
Slide 9: Important notices
Important notices This presentation has been prepared by Bank of Queensland Limited (BOQ). This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by BOQ. All dollar values are in Australian dollars ($A) and f
Slide 10: Slide 10
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