Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — IMF (Australia) — FY2009 Earnings Presentation
10 slides from Omni Bridgeway's earnings presentation, Aug 26, 2009
Slide 1: Investor Meeting
INVESTOR MEETING August 2009 Hugh McLernon - Managing Director; and Diane Jones - Chief Operating Officer
Slide 2: Contents
Contents FY2009 Highlights FY2009 Income Balance Sheet Investment Portfolio New Agreements in FY2009 Capital Management Employee Costs Share Price 2
Slide 3: FY 2009 Highlights
FY 2009 Highlights IMF’s performance continues to improve: FY2009 FY2008 % Gross Income (from cases) $63.2M $55.2M 15% Net Income (from cases) $35.1M $33.8M 4% NPBT $30.4M $24.8M 22% NPAT $20.8M $17.1M 21% Dividend (cents per share) 15.0 5.0 10.0 ¢ Franked Franked 200% EPS 17.35 15.04 15% Net Asset
Slide 4: FY 2009 Income
FY 2009 Income Matter Gross Gross Profit Income (before tax)1 Aristocrat $35.3M $21.7M Downer EDI $6.3M $5.4M Centaur Mining $6.8M $5.1M Shenton Park $3.4M $2.3M Meadow Springs2 $2.7M $2.2M Confidential $2.6M $1.2M Others³ $6.2M ($2.6M) Total $63.3M $35.3M ¹ Includes external costs and capitalised o
Slide 5: Balance Sheet
Balance Sheet A strong balance sheet Cash Investments¹ Net Assets $61.24 $32.87 $32.28 $30.32 $28.12 $67.23 $51.64 $64.78 $46.81 $40.12 $23.91 $20.82 FY06 FY07 FY08 FY09 FY06 FY07 FY08 FY09 FY06 FY07 FY08 FY09 ¹ Investments includes capitalised overheads relating to the litigation. 2 Net Assets incl
Slide 6: Investment Portfolio
Investment Portfolio Number Estimated Maximum of Matters Completion Period1 Recoverable Claim2 11 December 2009 $135M 3 June 2010 $117M 7 June 2011 $595M 8 June 2012 $210M Total 35 $1,057M ¹ The latest completion date is IMF’s current best estimate of when the case will be finalised. The case may fi
Slide 7: New Agreements in FY2009
New Agreements in FY2009 Estimated Matter Completion Period Air Cargo June 2011 Beconwood1 December 2009 Commonwealth of Australia (Pan Pharmaceuticals) June 2011 Kingstream Steel Creditors Trust December 2009 Oz Minerals June 2011 Great Southern June 2012 Firepower June 2012 Ceramic Fuel Cells June
Slide 8: Capital Management
Capital Management No Debt – Early Convertible Note Redemption - 4.2M notes converted - $12.4M repaid on 3 July 2008 Final 2008 dividend of 5.0 cents per share - Payment date 17 October 2008 Interim 2009 dividend of 5.0 cents per share - Payment date 11 February 2009 Final 2009 dividend of 10.0 cent
Slide 9: Employee Costs
Employee Costs Gross wages of $6M per annum. STI for 2008 of $2.8M was paid in FY2009 - 72% of available STI incentive pool was awarded. STI for 2009 of $3.6M was accrued in FY2009 - 71% of available STI incentive pool was awarded. 75% of wages and bonus in FY2009 were capitalised. 9
Slide 10: IMF Share Price
IMF Share Price IMF 2 Year Price Volume Chart 5.0 $2.25 4.5 $2.05 4.0 $1.85 3.5 $1.65 Vol (m) 3.0 $1.45 2.5 $1.25 2.0 $1.05 1.5 $0.85 1.0 $0.65 0.5 $0.45 0.0 $0.25 Oct-07 Apr-08 Jun-08 Oct-08 Apr-09 Jun-09 Aug-07 Dec-07 Feb-08 Aug-08 Dec-08 Feb-09 Source: 1 0