Perpetual Limited · ASX:PPT
Perpetual — Investor Presentation (May 2024)
11 slides from Perpetual's investor presentation, May 8, 2024
Slide 1: Completion of Strategic Review
Perpetual Limited (ASX:PPT) Completion of Strategic Review 8 May 2024 Presented by: Tony D’Aloisio, Chairman Rob Adams, CEO & Managing Director Chris Green, Chief Financial Officer
Slide 2: Disclaimer
Disclaimer Important information This presentation is in summary form and is not necessarily complete. It should be The Product Disclosure Statements (PDS) for the Perpetual Asset Management read together with Perpetual Limited’s (Perpetual) consolidated financial statements Australia funds are issu
Slide 3: Key Highlights
Key Highlights Successful outcome to the Strategic Review Comprehensive Strategic Review process complete with the separation of Perpetual’s three businesses to deliver near and long-term value Perpetual to be a standalone ASX-listed1, global multi-boutique asset management business with scale, dive
Slide 4: Background to the Strategic Review
Background to the Strategic Review A comprehensive process aimed at delivering shareholder value On 6 December 2023, Perpetual announced a Strategic Review focused on evaluating strategic options to: Strategic Review ✓ Unlock value for shareholders ✓ Separate the Corporate Trust and Wealth Managemen
Slide 5: A streamlined and debt-free Asset Management business
A streamlined and debt-free Asset Management business A global asset management business with $227 billion in AUM1 Across all major markets globally Multi-boutique with 7 brands High-quality operating platform Americas UK and Europe Asia Australia ~200 Distribution team2 10 Country Presence +100 Inv
Slide 6: Journey to a global asset management business
Journey to a global asset management business Asset Management assets under management (AUM) and capacity over time (A$) 1,2 >$1tr AUM Total Capacity ~$410b $227b3 ~$120b ~$70b $98b $27b $28b FY19 FY20 FY21 FY22/FY23 ▪ Leading domestic asset ▪ Acquisition of Trillium delivering ▪ Acquisition of Barr
Slide 7: Overview of Transaction
Overview of Transaction • Perpetual shareholders will become shareholders in a standalone, debt- free Asset Management business, via a demerger Post-transaction Structure • Wealth Management and Corporate Trust to be divested to KKR via Scheme of Arrangement with net proceeds paid to shareholders. P
Slide 8: Wealth Management and Corporate Trust transaction terms
Wealth Management and Corporate Trust transaction terms • Perpetual has entered into a Scheme Implementation Deed (SID) with an affiliate of Kohlberg Kravis Roberts & Co. L.P. (together Transaction Structure with its affiliates, “KKR”) for it to acquire the holding company for Wealth Management and
Slide 9: Timetable and next steps
Timetable and next steps Expected Completion in 2025 2023 December 2023 Strategic Review announced 2024 May 2024 Strategic Review completed and outcome announced Announcement of estimated cash proceeds to be paid to shareholders; August 2024 Announcement of FY24 results October 2024 Annual General M
Slide 10: Summary
Summary Delivering strong outcomes for shareholders, clients and our businesses Compelling offer for • Attractive offer for Wealth Management and Corporate Trust recognising their quality businesses Wealth Management and and value Corporate Trust A unique ASX listed • Creation of a standalone, debt-
Slide 11: Contacts
Contacts Emma Rumble Susie Reinhardt Global Head of Corporate Affairs Head of Investor Relations & Sustainability emma.rumble@perpetual.com.au susie.reinhardt@perpetual.com.au +612 9229 3998 +612 9125 7047 Connect with us at: About Perpetual perpetual.com.au pendal.com.au Head Office Perpetual Limit