Investec plc · LSE:INVP
Investec — UBS Financial Services Conference 2005
13 slides from Investec's conference presentation, Oct 20, 2005
Slide 1: The turning point for Investec
Investec The turning point for Investec Stephen Koseff Chief Executive Officer UBS financial services conference Thursday, 20th October 2005 Contents • Group operating environment - South Africa - UK and Europe - Australia • The turning point for Investec • A clear strategy for sustainable growth •
Slide 2: Group operating environment
Group operating environment Overall operating environment • Geopolitical uncertainties • Regulatory and compliance requirements • Basel II • IFRS • Competitive pressures • The war for talent • Transformation pressures in South Africa
Slide 3: South Africa; UK and Europe
South Africa • The economic fundamentals are now in place • Business confidence is high • JSE has experienced a significant bull market with strong volumes • Trading conditions are favourable • Property sector remains bullish buoyed by low inflation and stable interest rates • Lack of investment by
Slide 4: The turning point for Investec (Australia)
Australia • Interest rates are stable • Markets have seen a recent resurgence • Strong activity in the property sector • Corporate activity strong The turning point for Investec
Slide 5: We've built a sustainable business model
The turning point for Investec ! gh rou kth r ea B Build up . . . Level 5 First who… Confront the Hedgehog Culture of Technology Leadership then what brutal facts concept discipline Accelerators Disciplined people Disciplined thought Disciplined action FLYWHEEL Source: Good to Great, Jim Collins, 20
Slide 6: Resulting in a balanced portfolio of businesses; Private Banking
Resulting in a balanced portfolio of businesses % contribution to operating profit* 100 90 80 70 60 50 40 30 20 10 0 2000 2001 2002 2003 2004 2005 Property Investment Banking Treasury and Specialised Finance Asset Management Private Client Activities *Excluding Assurance and Group Services and Other
Slide 7: Private Client Securities; Treasury and Specialised Finance
Private Client Securities Opportunities for growth • Extracting maximum value from the HSBC acquisition by introducing the client base to the broader Investec product offering • Leverage off infrastructure • Successful and controlled integration of Rensburg Sheppards plc • Increase client focus Trea
Slide 8: Investment Banking; Asset Management
Investment Banking Opportunities for growth • Leverage opportunities created by integrated global securities model • Leverage the SA and UK product to the US market • Cross-border initiatives • Expand selected platforms in Private Equity and Direct Investments Asset Management Opportunities for grow
Slide 9: Property Activities; A clear strategy for sustainable growth
Property Activities Opportunities for growth • Build funds under management • Select development and trading opportunities • Consolidate opportunities in the listed property sector • Role out model into other geographies A clear strategy for sustainable growth
Slide 10: Our strategic focus remains the same
Our strategic focus remains the same • We strive to be distinctive through: - Maintaining an entrepreneurial culture - Remaining nimble, flexible and innovative - Adopting a client-centric approach - Not being all things to all people • Balanced by: - Disciplined people who operate in a framework of
Slide 11: We are committed to achieving our financial targets
Balancing entrepreneurship and discipline High Hierarchical Great Organisation Organisation Culture of Discipline Bureaucratic Start-up Organisation Organisation Low Low Ethic of High Entrepreneurship Source: Good to Great, Jim Collins, 2001 We are committed to achieving our financial targets Target
Slide 12: Our foreign shareholding is steadily increasing; Conclusion
Our foreign shareholding is steadily increasing Foreign shareholding 15.8% 21.9% 27.5% 36.5% 45.2% 49.4% shares £ 40 20 35 18 16 30 14 25 12 20 10 15 8 6 10 4 5 2 0 0 Jul- Dec- Jul- Dec- Jul- Dec- Feb- Mar- May- Jun- Jul- Aug- 02 02 03 03 04 04 05 05 05 05 05 05 Number of shares Share price Conclusi
Slide 13: Questions
Questions Contact details • For further information please refer to the investor relations website: www.investec.com/grouplinks/investorrelations • Or contact the investor relations team: - Telephone • UK: +44 207 597 5546 • SA: +27 11 286 7070 - Fax: +27 11 291 1597 - E-mail: investorrelations@inve