Perpetual Group (PPT) Investor presentation summary

Financial performance and key metrics

• Market capitalization reached $2.1 billion with revenue of $697.9 million for 1H26 and diluted EPS of 97.1cps.

• Asset Management division manages $219.2 billion in AUM across six boutiques in Australia, UK, and US.

• Corporate Trust oversees $1.3 trillion in Funds Under Administration and $0.6 trillion in Digital and Markets.

• Wealth Management division holds $21.1 billion in Funds Under Advice; sale announced in March 2026.

• Historical dividend yield stands at 6.4% with a P/E ratio of 10.0x.

Wealth Management sale overview

• Binding agreement to sell Wealth Management to Bain Capital for $500 million upfront, with potential for $50 million additional upfront and $50 million earn-out.

• Proceeds will be used to repay debt, targeting a pro-forma net debt to EBITDA of ~0.2x post-completion.

• Transaction and separation costs estimated at $30 million post-tax over 12–18 months.

• Estimated tax impact of $45–$50 million; stranded costs expected to be immaterial.

• Completion targeted for Q4 CY2026, subject to regulatory and court approvals.

Post-sale business focus and strategy

• Post-sale, focus will be on Asset Management and Corporate Trust, aiming for a simpler, stronger, and more focused business.

• Asset Management: 78% of AUM in equities, 11% in fixed income, 8% in cash; facing challenging flows in global and US equities.

• Corporate Trust: Stable earnings, strong client advocacy, and steady UPBT growth, counterbalancing market-linked revenues.

• Strategy centers on operational excellence, simplification, and growth investment.