N1 Holdings Ltd. · ASX:N1H
N1 — Merger or Acquisition (September 2016)
10 slides from N1's merger presentation, Oct 21, 2016
Slide 1: N1 Holdings acquisition of Sydney Boutique
N1 Holdings acquisition of Sydney Boutique For personal use only Property and $80m loanbook September 2016 N1 Holdings Limited 1
Slide 2: Introduction
Introduction For personal use only N1 Realty is one of the most important links in fulfilling N1 Group’s ‘one-stop shop’ concept in conjunction with the mortgage broking business. It is N1 Group front line in generating new clients and leads as well as the property acquisition and management solutio
Slide 3: Who is SBP
Who is SBP For personal use only SBP (Sydney Boutique Property) is an established real estate office located in McMahons Point Sydney. It started operations in 2003 and specialises in property management. Many of its current landlords have been with the company for a number of years, a strong indica
Slide 4: SBP's Metrics
SBP’s Metrics For personal use only • 162 properties under management • Total rent annualised is $6.88m • Total annualised management income (fully tenanted) is $445,000 (unaudited) • Total letting fees of $164,000 in FY2016 (unaudited) • Average monthly residential rent per property is $3,539.52 •
Slide 5: Strategy Implications
Strategy Implications For personal use only • Sydney lower north shore brand awareness • Instant N1 Realty growth • Cross sell opportunities for N1 Loans and other N1 Group entities • Immediate cash flow • Instant csutomer database and business & compliance systems N1 Holdings Limited 5
Slide 6: Financial Implications
Financial Implications For personal use only • Projected positive EBITA for SBP • Excludes Home Loans cross sell opportunities N1 Holdings Limited 6
Slide 7: Management Responsibility
Management Responsibility For personal use only Jacqueline Wang Attlee Hsu Head of Business Development Licensee-in-charge of N1 Realty Jacqueline Wang joined N1 Loans in Practising since 2010 as a Feb 2012 and prior to that was the Residential Sales Agent specialising Business Development Manager f
Slide 8: Loanbook Acquisition
Loanbook Acquisition For personal use only • N1 Loans also recently completed acquisition of $80m loan book • 240 residential mortgages in Sydney • Recurring trail income of approx. $132,000 pa N1 Holdings Limited 8
Slide 9: Loanbook Opportunities
Loanbook Opportunities For personal use only • Opportunities to refinance for upfront commission revenue • Opportunities to cross sell other loan products such as car loans, commercial loans and financial planning products N1 Holdings Limited 9
Slide 10: Conclusion
Conclusion For personal use only • The acquisitions are expected to deliver additional annual revenue for N1 Loans and N1 Realty • Not including sales commission revenue and cross sell of loans and related products revenue • Assuming no growth in properties under management N1 Holdings Limited 10