Nuveen Investments — Merger or Acquisition (July 2010)
7 slides from Nuveen Investments's merger presentation, Jul 29, 2010
Slide 1: Strategic Combination with FAF Advisors
Strategic Combination with FAF Advisors Investor Presentation July 2010 July 2010
Slide 2: Overview of Transaction
Overview of Transaction Expected Timing Transaction is expected to close by year-end, subject to customary conditions Ongoing USB Distribution Relationship 5-year strategic investment services agreement with US Bank Wealth Management Transaction Consideration 9.5% post transaction $80 million cash (
Slide 3: Significant Strategic Benefits
Significant Strategic Benefits FAF Advisors is a high quality, diversified asset manager Exceptional complementary fit Substantially broadens and scales Nuveen's Mutual Fund business Fills important investment capability gaps Creates significant distribution benefits for both Nuveen and FAF Creates
Slide 4: Leading Mutual Fund Family
Leading Mutual Fund Family $25bn AUM (June, 2010) Consistent positive quarterly net flows Strong, diversified business... Diversified business: fixed income, real asset, asset allocation and equities Leading mutual fund family Ranked #4 in 2009 by Barron's Deep investment team with strong investment
Slide 5: Strong Investment Performance Across Investment Products
Strong Investment Performance Across Investment Products First Quartile Second Quartile 66 31 3 Top Quartile Top Half 100 First Quartile Second Quartile 33 64 3 First Quartile 100 First Quartile Second Quartile 40 57 3 Top Quartile 100 5 star 4 star 3 star 0.02 0.31 0.66 0.01 5 star 1 Source: SIMFUN
Slide 6: Substantially Broadens and Scales Nuveen's Mutual Fund Business
($Bn) Nuveen Investments FAF Combined Mutual Funds $23.5 $17.2 $40.7 Institutional 42.6 5.8 48.4 CEFs 46.8 1.2 48.0 Retail MAs 37.3 1.2 38.5 Total $150.2 $25.4 $175.6 Q4, 2006 Q2, 2010 Institutional 0.2 0.28 Mutual Funds 0.11 0.23 CEFs 0.33 0.27 Retail Managed Accts. 0.36 0.22 Product Line Mix (% AU
Slide 7: Creates Meaningful Shareholder Value
Creates opportunity to accelerate growth Expanded and complementary distribution capabilities Broadened product offering Provides added diversification: asset class, product & channel Adds $40 million of run-rate EBITDA (including synergies) Synergies anticipated to come largely from combining distr
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