NIB Holdings Ltd · ASX:NHF
NIB — Merger or Acquisition (July 2010)
9 slides from NIB's merger presentation, Jul 5, 2010
Slide 1: Acquisition of IMAN
For personal use only Acquisition of IMAN 5 July 2010
Slide 2: Overview and strategic rationale
Overview and strategic rationale For personal use only nib will acquire the business and assets of IMAN for approximately $25 million (including estimated completion adjustments in respect of the assumption of certain liabilities), to be funded from existing surplus capital Acquisition expected
Slide 3: Overview of temporary migrant workers market
Overview of temporary migrant workers market There are three main temporary migrant visa classes that are non- For personal use only industry specific and cater to temporary migrant workers Long-stay business visas (sub-class 457) were introduced in August 1996, following the introduction of short
Slide 4: Temporary migrant workers market: demand for 457 visas
Overview of temporary migrant workers market Demand for 457 visas driven by the shortage of skilled labour in Australia For personal use only Recent reduction in number of new grants of 457 visas due to the impact of global financial crisis and one-off transitional impact of new legislation Ti
Slide 5: Recent legislative changes made health cover mandatory for 457 visa holders
Overview of temporary migrant workers market The introduction of recent legislative changes has made health cover for temporary For personal use only migrant workers mandatory for all 457 visa holders Regulatory changes Subclass S 457 visa holders are not entitled to access the ffull benefits f of
Slide 6: What impact are the proposed changes expected to have?
What impact are the proposed changes expected t have? to h ? For personal use only The proposed changes have two impacts: • Shifts the Shift th burden b d off health h lth care Migration Legislation Amendment (Worker Protection) Bill 2008 costs from the sponsor (the Second Reading Speech employer)
Slide 7: IMAN
Overview of IMAN For personal use only Founded in 1981 by its current Managing Director and shareholder John Braithwaite Specialist provider of health cover for temporary migrant workers in Australia IMAN’s products provide 100% in-hospital benefits, and varying levels of out of hospital benef
Slide 8: Summary
Summary For personal use only IMAN is a sensible acquisition that represents good value: • Expands nib’s health insurance business into an attractive, high growth, higher margin market segment • Delivers on our strategic rationale to explore and deliver new complementary revenue streams and earnin
Slide 9: Acquisition of IMAN
For personal use only Acquisition of IMAN 5 July 2010