i Oof Holdings

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    CONTENTS

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    Profile Report

    www.ibisworld.com.au | 03 9655 3881 | info@ibisworld.com

    IBISWorld Company Report

    Profile Report

    Balance Date: 30 June 2011

    Company Contact Details

    Company Registered NameIOOF HoldingsLtd

    Commonly Used Name IOOF Holdings

    Business Address Level 6, 161Collins Street,MELBOURNE,Victoria, 3000,Australia

    Telephone Number 13 13 69

    Facsimile Number 1800 558 539

    Internet Address www.ioof.com.au

    Company Details

    Major Business LineK751 - Services toFinance and Investment

    ACN Number 100 103 722

    ASX Code IFL

    Incorporated In Victoria

    Incorporation Date 03-Apr-2002

    Company Type Public Company

    FY Balance Date 30-Jun-2011

    Ownership Type Local, Non Government

    IBISWorld Rank * 481

    Introduction

    IOOF Holdings Ltd is an Australian public financial services company that provides a broad range ofwealth management and trustee services. The company operates solely in Australia where it employsapproximately 980 staff and is headquartered in Melbourne. IOOF Holdings Ltd is listed on theAustralian Stock Exchange under the code IFL.

    IOOF Holdings Ltd

    http://www.ioof.com.au/http://www.ioof.com.au/
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    Company History & Background

    2010 - August: IOOF Holdings Ltd has agreed to acquire the North Investment platform business fromAXA Asia Pacific Holdings Limited which is conditional on National Australia Bank's acquisition ofAXA.

    2009 - June: IOOF sold recently acquired subsidiary, Intech Pty Limited, to Morningstar Australasiafor an undisclosed sum.April: IOOF Holdings merged with Australian Wealth Management.March: IOOF acquired the Intech and Skandia Australia businesses through the purchase of 100% ofOM Group (UK) Limited's Australian subsidiaries, Old Mutual, Old Mutual Australia Holdings and OldMutual Australia Ltd Old Mutual Group.

    2006 - October: The Company secured 100% of Perennial Investment Partners.May: The Company secured 100% of Financial Partnership.

    2005 - September: The Company acquired a substantial holding in STW Communications Group

    Limited.April: The Company acquired a substantial holding in Caltex Australia Ltd.February: The Company acquired a substantial holding in Flight Centre.

    2004 - May: The Company acquired a substantial holding in Just Group Limited.March: The Company acquired a substantial holding in Wadepack Limited.February: The Company acquired a substantial holding in Rebel Sport Limited.January: The Company acquired a substantial holding in Repco Corporation Limited.

    2003 - December: The Company was listed on the Australian Stock Exchange.March: IOOF acquired the superannuation and investment business as well at the multi investmentmanager funds of AM Corporation Ltd.

    2002 - The Company was demutualized and as a result, IOOF Holdings Ltd was incorporated.

    1999 - IOOF's asset management company, Perennial Investment Partners Ltd was established as apartnership between the company and key investment professionals.

    1846 - The Independent Order of Odd Fellows was established as a friendly society.

    Financials

    Balance Date 30-Jun-2011 30-Jun-2010 30-Jun-2009 30-Jun-2008 30-Jun-2007

    Accounting Period Date 12 Months 12 Months 12 Months 12 Months 12 Months

    Currency Units AUD000 AUD000 AUD000 AUD000 AUD000

    PROFIT AND LOSS ACCOUNT

    REVENUE ITEMS

    Sales Revenue 627,730 636,122 283,028 276,855 205,550

    Other Revenue 100,179 104,990 -5,440 127,294 272,643

    Total Revenue 727,909 741,112 277,588 404,149 478,193

    Cost of Goods Sold N/A N/A N/A N/A N/A

    Depreciation 29,179 31,281 7,048 7,619 2,112

    R&D Expenditure N/A N/A N/A N/A N/AINTEREST

    Interest Received 11,247 9,337 21,172 28,356 2,298

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    Interest Expense 761 1,096 269 296 952

    PROFIT AND LOSS

    Share of Profits of Associates 9,201 7,588 5,071 7,359 7,810

    EBITDA 170,619 128,774 9,194 -2,487 66,316

    Profit Before Tax 151,926 105,734 23,049 17,954 65,550

    Income Tax Expense 51,147 24,949 8,195 -8,100 41,036Continuing Operations afterTax

    100,779 80,785 N/A N/A N/A

    Discontinued Operations afterTax

    N/A N/A N/A N/A N/A

    Outside Equity Interest 1,301 3,243 1,004 2,714 2,170

    NPAT 99,478 77,542 13,850 23,340 22,344

    Significant Items 0 0 0 0 0

    Dividends 91,502 81,473 10,350 22,567 19,153

    AUDIT

    Audit Fees 2,514 2,780 2,487 1,985 1,937

    Audit Other 420 1,410 477 N/A N/A

    Total Audit Fees 2,934 4,190 2,964 1,985 1,937

    BALANCE SHEET

    CURRENT ASSETS

    Cash At Bank N/A N/A N/A N/A N/A

    Trade Debtors N/A N/A N/A N/A N/A

    Inventory N/A N/A N/A N/A N/A

    Other Current Assets N/A N/A N/A N/A N/A

    Total Current Assets N/A N/A N/A N/A N/ANON-CURRENT ASSETS

    Receivables N/A N/A N/A N/A N/A

    Investments N/A N/A N/A N/A N/A

    Property & Plant Equipment N/A N/A N/A N/A N/A

    Intangible Assets N/A N/A N/A N/A N/A

    Other Non-Current Assets N/A N/A N/A N/A N/A

    Total Non-Current Assets N/A N/A N/A N/A N/A

    Total Assets 2,057,763 2,099,749 2,083,875 1,421,894 1,736,720

    CURRENT LIABILITIES

    Trade Creditors N/A N/A N/A N/A N/A

    Interest Bearing Debt N/A N/A N/A N/A N/A

    Provisions N/A N/A N/A N/A N/A

    Other Current Liabilities N/A N/A N/A N/A N/A

    Total Current Liabilities N/A N/A N/A N/A N/A

    NON-CURRENT LIABILITIES

    Interest Bearing Debt N/A N/A N/A N/A N/A

    Provisions N/A N/A N/A N/A N/A

    Other Non-Current Liabilities N/A N/A N/A N/A N/A

    Total Non-CurrentLiabilities N/A N/A N/A N/A N/A

    Total Liabilities 1,155,785 1,212,795 1,196,238 1,189,316 1,546,815

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    SHAREHOLDERS' EQUITY

    Share Capital 868,451 858,178 849,609 218,637 179,030

    Reserves -7,756 -3,324 6,171 5,440 3,769

    Retained Earnings 25,126 15,583 14,403 11,078 10,305

    Other 16,157 16,517 17,454 724 747

    Total Equity 901,978 886,954 887,637 232,578 189,905

    OTHER

    Number of Employees N/A 983 1,099 483 446

    Number of Shares on Issue(end of period)

    231,903,558 230,156,479 229,794,395 229,794,395 68,821,801

    Market Capitalisation (end ofperiod) ('000)

    1,530,564 1,378,637 1,649,924 1,066,246 339,292

    Earnings per Share (basic)(cents)

    43.1 33.7 14.6 34.2 35.0

    Earnings per Share

    (diluted)(cents)42.9 33.6 14.4 33.8 34.5

    Qualified Audit Report No No No No No

    * IBISWorld estimate

    Financial Growth

    Balance Date 30-Jun-2011 30-Jun-2010 30-Jun-2009 30-Jun-2008 Ave 2006-11 (%)

    Total Revenue Growth(% change)

    -1.8 167.0 -31.3 -15.5 12.7

    Sales Revenue Growth(% change) -1.3 124.8 2.2 34.7 24.1

    EBITDA (% change) 32.5 1,300.6 N/A -103.8 39.7

    NPAT (% change) 28.3 459.9 -40.7 4.5 33.9

    Shareholders' Funds(% change)

    1.7 -0.1 281.7 22.5 37.0

    Total Assets (% change) -2.0 0.8 46.6 -18.1 5.2

    Employees (% change) N/A -10.6 127.5 8.3 N/A

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    Financial Ratios

    Balance Date 30-Jun-2011 30-Jun-2010 30-Jun-2009 30-Jun-2008 30-Jun-2007

    Return on Revenue (ROR)(%)

    13.7 10.5 5.0 5.8 4.7

    Return on Shareholders'Funds (ROSF) (%) 11.0 8.7 1.6 10.0 11.8

    Return on Assets (ROA) (%) 4.8 3.7 0.7 1.6 1.3

    Profit Margin (%) 24.2 16.6 8.1 6.5 31.9

    Revenue per Employee($'000 per person)

    N/A 753.9 252.6 836.8 1,072.2

    NPAT per Employee ($'000per person)

    N/A 78.9 12.6 48.3 50.1

    Effective Tax Rate (%) 33.7 23.6 35.6 N/A 62.6

    Gearing (%) 56.2 57.8 57.4 83.6 89.1

    Interest Cover (X) 200.6 97.5 86.7 61.7 69.9Current Ratio (X) N/A N/A N/A N/A N/A

    Dividends Paid per Share ($) 0.4 0.4 0.0 0.1 0.3

    Revenue & NPAT Key Measures (% change)

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    Brands, Business & Products

    IOOF Holdings Ltd is a financial services company that offers the following services:

    Investment managementIOOF offers investment options across a range of assets through its subsidiary, Perennial Investment

    Partners. This includes the option to invest in Australian & international shares, Australian and globallylisted properties, fixed interest and cash assets.

    Wealth managementIOOF provides a range of advisory services regarding investment strategies, wealth protection andaccumulation, retirement planning and stock broking.

    Platform managementIOOF provides administration services for clients, employers and advisers to manage superannuationand investments, including managed funds and direct shares.

    Estate planning

    Estate planning services which are provided by a wholly owned subsidiary of the company, AustralianExecutor Trustees, include the preparation of wills and estate plans, powers of attorney, managementof deceased estates as well as the provision of personal trusts.

    Corporate trustCorporate trust services are offered via the Australian Executor Trustees Corporate Trust team. Thisinvolves the provision of custodial services for managed investment schemes, acting as trustee orsecurity trustee for securitisation and structured finance transactions and as a trustee for note andother debt issues.

    Industry Segments

    Segment Name Revenue (AUD000) Profits (AUD000) Assets (AUD000)

    Platform Managemen