Perpetual Limited · ASX:PPT

Perpetual — Non-Deal Roadshow (May 2005)

25 slides from Perpetual's roadshow presentation, May 25, 2005

  1. Slide 1: Perpetual Trustees Australia Limited ('Perpetual')

    Perpetual Trustees Australia Limited (‘Perpetual’)

  2. Slide 2: Perpetual: Key messages

    Perpetual: Key messages „ Australian financial services company participating actively in wealth management and securitisation „ The Australian wealth management and securitisation markets have strong fundamentals „ Well positioned to compete „ Currently implementing its growth strategy „ An attract

  3. Slide 3: Perpetual is an ASX 100 company and largest independent wealth manager in Australia

    Perpetual is an ASX 100 company and largest independent wealth manager in Australia „ Top performing manager in Australian equities „ ~$26 billion FUM as at May 2005 „ Market capitalisation ~$2 billion and approximately 850 employees „ Trading revenues have nearly tripled from ~A$100 million at June

  4. Slide 4: Perpetual actively participates in two industries

    Perpetual actively participates in two industries Asset Wealth Corporate Management Management Trust Responsible for producing Responsible for creating a suite Australia’s pre-eminent investment returns of wealth management provider of trust and products, providing the administration services to mar

  5. Slide 5: In Wealth Management we focus on the 'value-add' ends of the value chain

    In Wealth Management we focus on the ‘value-add’ ends of the value chain Our focus „ Asset managers who can continue to „ Consolidated „ Advisers can craft add alpha will be able to differentiate reporting by value proposition themselves from competitors and administrators likely around provision ch

  6. Slide 6: Our Corporate Trust business provides services between corporates and investors

    Our Corporate Trust business provides services between corporates and investors Investor Protection Originators of Capital Compliance Culture Investors and Stakeholders Markets Activity Banks Institutional Investors Non-bank Financial Fiduciary Services Retail Debenture Holders Institutions Fund Uni

  7. Slide 7: Perpetual Trustees: Key messages

    Perpetual Trustees: Key messages „ An Australian financial services company participating actively in wealth management and securitisation „ The Australian wealth management and securitisation markets have strong fundamentals „ Well positioned to compete „ Currently implementing its growth strategy

  8. Slide 8: Strong growth is expected in pre and post Australian retirement assets

    Strong growth is expected in pre and post Australian retirement assets Australian Managed Fund Market Overview „ Australian managed fund industry Total Superannuation Funds by Year $ Billion totals $720b with historical annual 3,000 growth of 9.2% 2,500 „ Superannuation assets make up 80% 2,000 of t

  9. Slide 9: The Australian securitisation market has good underlying fundamentals

    The Australian securitisation market has good underlying fundamentals Outs tanding Se curitisation ($B) $200B Supply is increasing „ Currently only ~25% of Australia’s residential loans are securitised (as Other ABS 1 50 opposed to ~60% in the US), and „ Non-bank financial institutions, the largest

  10. Slide 10: Perpetual Trustees: Key messages

    Perpetual Trustees: Key messages „ An Australian financial services company participating actively in wealth management and securitisation „ The Australian wealth management and securitisation markets have strong fundamentals „ Well positioned to compete „ Currently implementing its growth strategy

  11. Slide 11: The Australian Equities team delivers consistent outstanding performance

    The Australian Equities team delivers consistent outstanding performance Excess over benchmark (pre-fees) Variance to benchmark (3 Year Rolling Excess Performance) 10.0% 8.0 Australian Share Fund Performance 6.0 4.0 1st Quartile Performers- 2.0 Mercers Universe 0.0 Jan Apr Jul Oct Jan Apr Jul Oct De

  12. Slide 12: Performance well recognised by the market

    Performance well recognised by the market „ Fund Manager of the Year 2004 Morningstar Awards „ Australian Equities Fund Manager of the Year 2004 „ Australian Multi-Sector Fund Manager of the Year 2004 Personal Investor Magazine „ Fund Manager of the Year 2004 Awards „ Australian Share Fund of the Ye

  13. Slide 13: Funds under management continues to grow strongly

    Funds under management continues to grow strongly FUM ($B) 30 26.0 25 Institutional 21.7 20 19.4 17.4 Retail 15.6 15 11.6 10 Masterfund 5 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 Dec 04 12

  14. Slide 14: Our leading position (~60% share) in the corporate trust market supports strong growth in balances

    Our leading position (~60% share) in the corporate trust market supports strong growth in balances Funds Under Administration ($B) 150 124.1 112.4 100 87.1 52.3 50 42.2 28.0 0 Jun 00 Jun 01 Jun 02 Jun 03 Jun 04 Dec 04 13

  15. Slide 15: Perpetual Trustees: Key messages

    Perpetual Trustees: Key messages „ An Australian financial services company participating actively in wealth management and securitisation „ The Australian wealth management and securitisation markets have strong fundamentals „ Well positioned to compete „ Currently implementing its growth strategy

  16. Slide 16: Perpetual's strategy

    Perpetual’s strategy Focus on our I. Develop a II. Develop 4 sources of competitive more balanced new growth advantage portfolio engines III. Fully engage our people to deliver our strategy 15

  17. Slide 17: Implementation: Developing a more balanced portfolio and new growth engines

    Implementation: Developing a more balanced portfolio and new growth engines „ Expanded our asset management footprint – Global equities – Credit „ Opened global equities business in Ireland „ Initial flows into credit income and credit enhanced cash products „ Launched property income and capital pr

  18. Slide 18: Expanding our asset management footprint

    Expanding our asset management footprint Skill set High breadth Low breadth Domestic Stock Broad Styles Small Caps Hedge Funds Private Equity Picking Mortgage Lending Mortgages Mezz Debt LPT Stock Picking Global Domestic Infrastructure Infra-structure Investing Currency/ Quantitative Investing Globa

  19. Slide 19: Perpetual has created its own global equities business

    Perpetual has created its own global equities business Business „ Manufacture a focused range of global equities products strategy „ Distribution of these products to: includes: – Retail and institutional investors in Australia – Institutional investors outside of Australia Perpetual Trustees Austra

  20. Slide 20: Key points: Global equities business

    Key points: Global equities business „ Perpetual is entering the very large global equities market „ Outstanding investment team that has worked together for over 10 years „ Philosophy and culture a perfect match with Perpetual „ Very experienced sales capability in the UK „ Very long term incentive

  21. Slide 21: 2005 Implementation: Fully engage our people to deliver our strategy

    2005 Implementation: Fully engage our people to deliver our strategy „ New remuneration policy „ Single premises „ Leadership team in place „ Long term incentives in place to retain key members of our asset management team 20

  22. Slide 22: Perpetual Trustees: Key messages

    Perpetual Trustees: Key messages „ An Australian financial services company participating actively in wealth management and securitisation „ The Australian wealth management and securitisation markets have strong fundamentals Well positioned to compete „ Currently implementing its growth strategy „

  23. Slide 23: Five year performance is consistently strong

    Five year performance is consistently strong Growth Performance measures 2000 2001(4) 2002(4) 2003(4) 2004 Rate(1) EBITDA ($m) 71.4 82.0 100.7 113.6 143.6 19.1% Operating profit after tax (OPAT) excluding 30.7 40.7 58.7 68.2 88.2 30.2% realised gains on investment sales(2) ($m) Earnings per share (c

  24. Slide 24: A new dividend policy in place

    A new dividend policy in place Starting point Dividend policy „ Strong cash generation Ordinary dividends of „ Low capital expenditure 90% of NPAT „ Substantial franking credits before goodwill amortisation and gains / losses on investments, fully franked High dividend pay-out 23

  25. Slide 25: Why Perpetual?

    Why Perpetual? „ Independent wealth manager „ Fund Manager of the Year four out of the last five years „ Recognised top performer in Australian equities „ One of Australia’s largest wealth management pure plays „ Global option recently initiated 24

Perpetual — Non-Deal Roadshow (May 2005) on 6ix