Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — IMF Bentham — Shareholder Meeting (November 2019)
19 slides from Omni Bridgeway's shareholder meeting presentation, Nov 20, 2019
Slide 1: Release to ASX: Chairman's Address and Managing Director's Presentation
For personal use only RELEASE TO AUSTRALIAN SECURITIES EXCHANGE WEDNESDAY, 20 NOVEMBER 2019 CHAIRMAN’S ADDRESS AND MANAGING DIRECTOR’S PRESENTATION TO SHAREHOLDERS AT 2019 ANNUAL GENERAL MEETING In accordance with Listing Rule 3.13.3, please refer to the following attached documents: Part One: Chair
Slide 2: Address by Chairman Michael Kay
Page 2 of 5 ADDRESS BY IMF BENTHAM LIMITED CHAIRMAN MICHAEL KAY TO THE ANNUAL GENERAL MEETING 20 NOVEMBER 2019 Ladies and gentlemen, welcome to the annual general meeting of IMF Bentham Limited for 2019. For personal use only My name is Michael Kay and I am the Chairman of IMF Bentham Limited. This
Slide 3: Chairman's address: FY2019 highlights
Page 3 of 5 completed, subject to the satisfaction of settlement conditions and the outcome of any appeals which may be lodged. A very pleasing start to the year. Notwithstanding the reported loss in FY19, I believe the market is starting to understand better our business and its revenue cycles. Thi
Slide 4: Chairman's address: Omni Bridgeway combination
Page 4 of 5 can deliver for customers when we combine our skills. Importantly, it was apparent that our respective cultures were compatible and we enjoyed working together towards a common goal. Both management teams and staff are replete with highly skilled, energetic and motivated people. Omni Bri
Slide 5: Presentation by Managing Director Andrew Saker
Page 5 of 5 PRESENTATION BY IMF BENTHAM LIMITED MANAGING DIRECTOR ANDREW SAKER TO THE ANNUAL GENERAL MEETING 20 NOVEMBER 2019 For personal use only
Slide 6: Annual General Meeting November 2019
For personal use only ANNUAL GENERAL MEETING 20 November 2019 This presentation is for the use of IMF Bentham’s public shareholders and is not an offering of any IMF Bentham private fund.
Slide 7: Welcome to the Annual General Meeting of IMF Bentham
For personal use only Welcome to the Annual General Meeting of IMF Bentham Michael Kay – Non-Executive Chairman
Slide 8: The Combined IMF/Omni Bridgeway Group
THE COMBINED IMF/OMNI BRIDGEWAY GROUP For personal use only October 2019 1 July 2015 (IMF Bentham and Omni Bridgeway) Australia, USA, Canada, Asia, UK, Increased jurisdictional coverage Australia, USA, UK Continental Europe, Middle East and Africa Countries 3 10 Offices 9 18 Investments 41 400+ EPV
Slide 9: Financial Results Overview
FINANCIAL RESULTS OVERVIEW For personal use only FY2019 v FY2019 FY2018 FY2018 Contract income $35.0M $71.2M ▼51% Litigation expenses $(39.2)M $(54.9)M ▼29% Net Income from investments $(4.2)M $16.3M ▼126% Other income (foreign exchange & interest) $10.0M $6.8M ▲46% Net operating expenses $(53.5)M $
Slide 10: IMF's Track Record (as at June 2019)
IMF’s TRACK RECORD (AS AT 30 JUNE 2019) For personal use only A$2.4b 2.6 years 89% $897m total recoveries average duration success rate IMF’s revenue A$1.5b 83 192 134% ROIC returns for funded active investments funded 2.3x MOIC claimants investments to completion 38% A$2.4b $897m total recoveries I
Slide 11: Investment Portfolio (as at September 2019)
INVESTMENT PORTFOLIO (AS AT 30 SEPTEMBER 2019) For personal use only Possible completion Possible completion Possible completion Number of EPV FY2020 FY2021 FY2022 and later investments A$m A$m A$m A$m IMF balance sheet 19 1,411.8 971.8 290.0 150.0 Fund 1 32 3,045.0 901.4 1,632.7 510.9 RoW Funds 2 a
Slide 12: Investment Portfolio (as at September 2019)
INVESTMENT PORTFOLIO (AS AT 30 SEPTEMBER 2019) For personal use only Number of Investments in Portfolio EPV of Investments in Portfolio ($m) 90 9,000 80 8,000 70 7,000 60 6,000 50 5,000 40 4,000 30 3,000 20 2,000 10 1,000 0 0 30 June 2016 30 June 2017 30 June 2018 30 June 2019 30 September 30 June 2
Slide 13: Diversification by Type and Geography
DIVERSIFICATION BY TYPE AND GEOGRAPHY For personal use only EPV by Investment Type* EPV by Geography* 0% 42% 11% Appeal 37% 3% Arbitration 1% Commercial Asia Insolvency Australia 8% 10% Law Firm Canada 9% Multi Party EMEA Other IP United States Patent 8% 13% 22% Whistleblower 3% 33% * Committed fund
Slide 14: Developments Since July 2019
DEVELOPMENTS SINCE 1 JULY 2019 Almost 20% of portfolio is financing claims for For personal use only New Investments corporates Recent approval of US$40 million working capital investment in Fund 4 Numerous conditional and unconditional Completions completions Income of A$88m to be recognise
Slide 15: Acquisition of Omni Bridgeway
ACQUISITION OF OMNI BRIDGEWAY For personal use only The combined group has created a truly global diversified funder IMF believes the offer structure is attractive to Montreal London Amsterdam acquire an established Toronto Cologne complementary platform Geneva without the risk of a New York greenfi
Slide 16: The Future
THE FUTURE For personal use only 1. Integration Operations Re-brand 2. Strategy Business plan Human resources 3. Footprint Team Growth Jurisdictional expansion where appropriate 4. Technology AI 5. Growth opportunities Corporates Strong pipelines Global Coordination 6. Debt Manag
Slide 17: Notes to Investment Portfolio (at September 2019)
NOTES TO INVESTMENT PORTFOLIO (AT 30 SEPTEMBER 2019) Investments Included in Portfolio investment, partial recovery and, where applicable, fluctuations in exchange rates The Investment Portfolio includes investments for which the IMF Group have entered between the applicable local currency and the A
Slide 18: Disclaimer
DISCLAIMER The material in this presentation has been prepared by IMF Bentham Limited (IMF) and is general background For personal use only information about IMF's activities. The information is given in summary form and does not purport to be complete. A number of terms used in this presentatio
Slide 19: For personal use only
For personal use only www.imf.com.au info@imf.com.au 1800 016 464