Aub Group Limited · ASX:AUB
Aub — Shareholder Meeting (October 2024)
18 slides from Aub's shareholder meeting presentation, Oct 31, 2024
Slide 1: ASX Announcement: 2024 AGM - Presentation
ASX Announcement 31 October 2024 The Manager Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 For personal use only 2024 AGM - Presentation Please find attached for immediate release in relation to AUB Group Limited (AUB) the fo
Slide 2: AUB Group Limited Annual General Meeting
For personal use only AUB Group Limited Annual General Meeting 31 October 2024
Slide 3: Agenda
AUB GROUP 2024 AGM For personal use only 1 Chair’s Address Agenda 2 CEO’s Address 3 Formal Business 2
Slide 4: Chair's Address
For personal use only Chair’s Address David Clarke Chair
Slide 5: FY24 Financial Highlights
FY24 FINANCIAL HIGHLIGHTS Revenue growth, margin expansion and accretive acquisitions delivered strong Underlying NPAT and EPS growth For personal use only FY24 FY23 Performance Highlights Underlying revenue grew strongly with above-market growth in Underlying Revenue1 $1,331.7mn $1,111.4mn Agenci
Slide 6: Shareholder Returns
SHAREHOLDER RETURNS 21.2% uplift in Underlying EPS and FY24 final dividend of 59.0 cents For personal use only Underlying Earnings Per Share1, 2 (Cents) 21.2% 33.7% 156.78 12.3% 129.32 86.12 96.70 FY21 FY22 FY23 FY24 Dividend Per Share (Cents) Return on Invested Capital (ROIC) (%) 23.4% 3 Year Trail
Slide 7: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Maintained MSCI AA rating and recertified as “Great Place to Work” For personal use only AUB Group is in Group 1 of Australian Sustainability Reporting Standard (ASRS) 1 ASRS 1 Independent consultant engaged to develop a plan of action AUB Group is committe
Slide 8: CEO's Address
For personal use only CEO’s Address Mike Emmett CEO and Managing Director
Slide 9: FY24: Strengthening Our Global Footprint and Delivering Shareholder Value
FY24: Strengthening Our Global Footprint and Delivering Outstanding Shareholder Value AUB Group’s evolution into a leading global insurance brokerage continues to drive exceptional returns for our shareholders For personal use only Underlying NPAT1 and Underlying EPS Underlying Revenue2,3 Underlying
Slide 10: FY24 Divisional Performance
FY24 DIVISIONAL PERFORMANCE Growth, margin expansion and profit improvement across all divisions For personal use only Vs. FY23 comparative AUSTRALIAN TYSERS / OPERATING BIZCOVER AGENCIES NEW ZEALAND period BROKING INTERNATIONAL5,6 BUSINESSES1,2 Underlying1 $563.7mn $92.0mn $176.2mn $88.7mn $411.0mn
Slide 11: Australian Broking
AUSTRALIAN BROKING Network optimisation, disciplined acquisitions and favourable market conditions have enabled continuing revenue growth & margin expansion For personal use only Key Metrics AUD 563.7mn Revenue1 36.8% EBIT Margin1 AUD 207.4mn EBIT1 EBIT Margin Target FY24 Performance +8.5% on FY23 +
Slide 12: BizCover
BIZCOVER Continued growth and margin expansion with Intermediary channels growing at pace. Ongoing enhancement of technology, products and insurer panel For personal use only Key Metrics AUD 92.0mn Revenue 42.0% EBIT Margin AUD 38.6mn EBIT EBIT Margin Target FY24 Performance +15.0% on FY23 +190bps o
Slide 13: Agencies
AGENCIES Strong growth and profit improvement, $1bn premium target exceeded with increased binder capacity for further growth For personal use only Key Metrics AUD 176.2mn Revenue1 42.6% EBIT Margin1 AUD 75.1mn EBIT1 EBIT Margin Target +220bps Ex. Profit Comms2 FY24 Performance +26.5% on FY23 +420bp
Slide 14: New Zealand
NEW ZEALAND Revenue and profit growth in all businesses. Lola technology platform roll-out recommenced with an additional two brokerages now live For personal use only Key Metrics AUD 88.7mn Revenue1 36.5% EBIT Margin1 AUD 32.4mn EBIT1 EBIT Margin Target +740bps on FY23 40.0% Excl. NZ Tech Inv6 AUD
Slide 15: Tysers / International
TYSERS / INTERNATIONAL2 Revenue and profit on track with changes to operating model and portfolio mix underway to position Tysers for future growth and margin expansion For personal use only Key Metrics EBIT Margin FY24 AUD 411.0mn Revenue1 24.2% EBIT Margin1 AUD 99.4mn EBIT1 Target Performance 32%
Slide 16: AUB Group – Operating Model
AUB GROUP – OPERATING MODEL Building our insurance broking capabilities across key regions, managed as three divisions: Australia/New Zealand Broking, Agencies, International For personal use only AUB Group Business Model Australian & New Zealand Agencies / MGAs International Broking Tysers UK Retai
Slide 17: FY25 Outlook
FY25 OUTLOOK Underlying NPAT for FY25 is forecast to be between AUD 190.0 - 200.0mn, representing growth of 11.1% - 16.9% over FY24 FY24 to FY25 Underlying NPAT1 Breakdown (AUD mn) For personal use only Assumptions 11.1% - 16.9% No account is made for acquisitions not currently known about (0.6)
Slide 18: Notice
NOTICE For personal use only SUMMARY INFORMATION This document has been prepared by AUB Group Limited (ABN 60 000 000 715) (AUB). It is a presentation of general background information about AUB’s activities current at the date of the presentation. It is information in a summary form and does not pu