Aub Group Limited · ASX:AUB
Aub — Shareholder Meeting (November 2018)
26 slides from Aub's shareholder meeting presentation, Nov 13, 2018
Slide 1: 2018 AGM Addresses and Presentation to Shareholders
13th November 2018 For personal use only Market Announcements office Australian Securities Exchange Ltd Exchange Centre 20 Bridge Street Sydney NSW 2000 FOR RELEASE TO THE MARKET Dear Sir / Madam, Re: 2018 AGM Addresses and Presentation to Shareholders Please find attached on behalf of AUB Group Lim
Slide 2: Chairman's Address
Annual General Meeting AUB Group Limited For personal use only 10:00AM, Tuesday 13th November 2018 The Auditorium, Level 15, 1 Farrer Place, Sydney Chairman’s Address Good morning ladies and gentlemen. I’m David Clarke, the Chair of the Board of your company AUB Group Ltd. Welcome to our Annual Gene
Slide 3: Chairman's Address: Items of Business and Performance
We also have present representatives of our Auditors, Ernst & Young led by David Jewell and our Share Registry, Link Market Services. Also throughout the audience we have senior executives of the Company. In addition to receiving the Statements of Financial Position and Performance for the financial
Slide 4: Chairman's Address: Technology and Board Skills
we must equip our subsidiaries to compete with the very large market participants, with their sophisticated customer algorithms and databases. Last year at this meeting we talked of the emerging field of Insurtech. Growth in this sector has continued but our sense is that it is the big networked com
Slide 5: Chairman's Address: CEO Retirement
As I’m sure you are aware, Mark Searles our CEO has announced his intention to retire from the business in 2019. Mark has been the leader of this business since 2012 and during that time the business has diversified and grown. When he became the CEO, Australian Broking was 90% of business, today it
Slide 6: CEO's Address: Strategy and Progress
Today, I would like to provide an insight as to how we supported that progress, the results generated to date and our expectations for the remainder of the year. During my tenure, we have transformed the Group from a focus primarily around growing an Australian Insurance Broking presence, via acquis
Slide 7: CEO's Address: Divisional Results
despite the previously communicated potential headwinds in a key sector of our Risk Services operations, the division achieved revenue growth of 9% and profit growth of 3.1%; our underwriting agency operations delivered a good profit growth contribution of 11% despite the divestment of a couple
Slide 8: CEO's Address: Culture and Accountability
safeguard a stronger future). We have continued to focus on building a culture of shared accountability and embedding AUB Group’s purpose and values – this is driven from the Board and management and shared across the Group. This year, we have ensured a greater level of accountability and transparen
Slide 9: CEO's Address: Outlook
count; policy count and leverage cross-sell opportunities between the various partners. Similarly, we look to continued growth both organic and inorganic in our underwriting agencies division and we will look to leverage the strong distribution base in New Zealand with the introduction of new produc
Slide 10: For personal use only
For personal use only
Slide 11: Summary Information
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 purport t
Slide 12: For personal use only
For personal use only
Slide 13: For personal use only
For personal use only
Slide 14: Helping clients realise a stronger, more protected future
Helping clients realise a stronger, more protected future, through valued advice solutions and services. For personal use only Page 5 – AUB Group Limited – Annual General Meeting 2018
Slide 15: For personal use only
For personal use only
Slide 16: For personal use only
For personal use only Page 7 – AUB Group Limited – Annual General Meeting 2018
Slide 17: Delivering strong profit and revenue growth
Delivering strong profit and revenue growth FY18 FY17 GROWTH For personal use only Adjusted NPAT growth ($m) 44.6 40.4 +10.3% Reported NPAT growth ($m) 46.5 33.0 +41.0% Underlying1 Revenue increase ($m) 524.7 488.2 +7.5% Underlying1 EBITA increase ($m) 137.1 125.8 +9.0% Underlying1 EBITA margin incr
Slide 18: Dividends per share
For personal use only • Final dividend per share of 32.0 cents, fully franked. • DRP remains suspended. 50 45.5 45 42.0 39.7 40.0 40 38.5 35.5 35 31.0 30 Cents per share 32.0 25.5 29.5 25 26.5 27.7 28.0 22.5 20.5 24.5 20 18.0 21.5 15.0 17.0 15 13.0 15.0 13.5 11.5 10 9.5 8.0 12.0 12.0 12.0 12.5 13.5
Slide 19: Group profit FY12 to FY18
For personal use only $m 80 70 60 50 40 30 20 10 - FY12 FY13 FY14 FY15 FY16 FY17 FY18 Total Group pre-tax Profit before Corporate Expenses Total Australian Broking profit Adjusted NPAT Corporate Expenses (after recoveries) Linear (Total Group pre-tax Profit before Corporate Expenses) Linear (Corpora
Slide 20: Pre-tax profit contribution by division since FY12
For personal use only Pre-tax profit contribution by division since FY121 17% $m 90 8% FY18 $81.6m 66% 9% 80 70 12% 60 FY12 $48.8m 50 88% 40 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Australian broking Underwriting NZ broking Risk Services 1 Excludes corporate income and expenses Page 11 – AUB Group Limite
Slide 21: Investment in culture continues to deliver
INVESTMENT IN CULTURE CONTINUES TO DELIVER ss, BOARD & -=]MANAGEMENT © FOCUS ©) ® FULL-DAY WORKSHOP = HELD ON CULTURE WITH Ss BOARD & MANAGEMENT ONGOING MONITORING & REPORTING ON CULTURE TO THE BOARD ersona P *= NEDs APPOINTED TO & THREE DIVISIONAL BOARDS Page'2- AUB Group Limited Annual General Mee
Slide 22: For personal use only
For personal use only
Slide 23: Continuing to drive execution of the Group's ecosystem
Continuing to drive execution of the Group’s ‘ecosystem’. For personal use only
Slide 24: Disciplined focus on business model, operating model and strategy
For personal use only The Group will continue its disciplined focus, building on the strength of our business model, operating model and group strategy. • Business model: We will continue to maximize partnerships and our ‘skin in the game’ model to drive both organic growth and through attracting ne
Slide 25: Outlook
For personal use only • The Group will continue to maintain its disciplined approach to executing our business model, operating model and strategy – factors that have contributed to the positive growth environment over prior periods. • The commercial lines premium rate environment in Australia and N
Slide 26: For personal use only
For personal use only