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Profile Report

www.ibisworld.com.au | 03 9655 3881 | [email protected]

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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WWW.IBISWORLD.COM.AU IOOF Holdings Ltd 2

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 Management & Administration 352,870 94,136 209,086

Financial Advice & Distribution 193,103 8,949 122,684

Investment Management 135,450 54,118 150,191

Estate & Trustee Services 21,106 6,610 10,784

Corporate & Other 9,345 -25,498 597,001

Unallocated 16,035 -38,837 968,017

Total Revenue 727,909 99,478 2,057,763

Balance Date: 30 June, 2011Profit Definition: Profit From Ordinary Activities Before Tax

Industry Focus

Industry Industry

K7512 - Investment Banking & SecuritiesBrokerage

K7515 - Financial Planning & Investment Advice

K7514 - Funds Management (exceptSuperannuation Funds)

K7519 - Stock Exchange & Share RegistryServices


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Competitive Environment - K75 Services to Finance and Insurance in Australia

Major Industry Players (By Revenue)

1 Macquarie Group Limited 6 TOWER Limited

2 Computershare Limited 7Goldman Sachs & Partners Australia Group

Holdings Pty Ltd3 Challenger Limited 8 ASX Limited

4 American Express Australia Limited 9 IOOF Holdings Ltd

5 Chandler Macleod Group Limited 10 Marsh Mercer Holdings (Australia) Pty Ltd

Geographic Segments

Segment NameRevenueAUD000

ProfitsAUD000

AssetsAUD000

Australia 727,909 99,478 2,057,763

Total Revenue 727,909 99,478 2,057,763

Balance Date: 30 June, 2011Profit Definition: Profit From Ordinary Activities Before Tax

Business Segments -Revenue

Geographical Segments -Revenue

Geographical Segments -Profit

Platform Management &Administration

48.5%

Financial Advice & Distribution 26.5%

Investment Management 18.6%

Estate & Trustee Services 2.9%

Corporate & Other 1.3%

Unallocated 2.2%

Australia 100.0% Australia 100.0%


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Personnel

Position Type Title Salutation Initials Full Name

Chairman Non-Executive Chairman* Mr I B Ian Blair

Chief Executive Managing Director* Mr C Chris Kelaher

Financial Controller Chief Financial Officer Mr D David CoulterChief Operating Officer General Manager Operations Mr R Ron Beard

Non-Executive Director Non-Executive Director* Mr J M James Pfeiffer

Non-Executive Director Non-Executive Deputy Chairman* Dr R N Roger Sexton

Non-Executive Director Non-Executive Director* Mr G George Venardos

Non-Executive Director Non-Executive Director* Ms J Jane Harvey

Non-Executive Director Non-Executive Director* Mr I Ian Griffiths

Company Secretary Company Secretary Ms D Danielle Corcoran

Legal Officer General Counsel Mr G Gary Riordan

Sales Manager Head of Sales Ms A Alex Tullio

Marketing Manager Head of Marketing Ms C Candice Spence

Procurement Manager Head of Human Resources Ms D Danielle Corcoran

Personnel Manager Head of Human Resources Ms D Danielle Corcoran

Computing/IT Manager Chief Information Officer Mr A Andrew Todd

* Appointed to the Board of Directors.

Shareholders

Shareholder Name Percentage Held Country of Incorporation

Substantial Shareholders

Trust Company Fiduciary Services Limited 11.93 % Australia

Bendigo & Adelaide Bank Limited 7.80 % Australia

Largest Shareholders

Trust Company Fiduciary Services Limited 11.91 % Australia

J P Morgan Nominees Australia Limited 9.90 % Australia

National Nominees Limited 8.04 % Australia

Sandhurst Trustees Limited 7.79 % Australia

HSBC Custody Nominees (Australia) Limited 7.39 % Australia

Citicorp Nominees Pty Limited 5.15 % AustraliaCogent Nominees Pty Limited 4.61 % Australia

UBS Wealth Management Australia Nominees Pty Ltd 3.45 % Australia

AMP Life Limited 1.33 % Australia

ANZ Nominees Limited 1.08 % Australia

Queensland Investment Corporation 0.83 % Australia

I G Griffiths 0.58 % Australia

David Vautin Pty Ltd 0.47 % Australia

Australian Reward Investment Alliance 0.45 % Australia

IOOF Holdings Trustee Pty Ltd 0.42 % Australia

Lujeta Pty Ltd 0.39 % Australia

Morris Equity Investments Pty Ltd 0.34 % Australia


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Custodial Services Limited 0.33 % New Zealand

As at: 27 September, 2010

Subsidiaries

Subsidiary Name Percentage Held Country of Incorporation

Associated companies

Allords Financial Services Pty Ltd 40 % Australia

J C Private Clients Pty Limited 20 % Australia

Northern Inland Investment Services Pty Limited 42 % Australia

Perennial Value Management Limited 52 % Australia

Police & Nurses Financial Planning Pty Limited 35 % Australia

Police Credit Union Ltd 40 % Australia

Holding company

IOOF Holdings Ltd 100 % AustraliaSubsidiaries

Accountplan Pty Limited 100 % Australia

AET SPV Management Pty Limited 100 % Australia

AET Structured Finance Services Pty Limited 100 % Australia

AET Super Solutions Pty Limited 100 % Australia

AETOML Nominees Pty Ltd 70 % Australia

Australian Executor Trustees (NSW) Limited 100 % Australia

Australian Executor Trustees (Canberra) Limited 100 % Australia

Australian Executor Trustees (SA) Limited 100 % Australia

Australian Executor Trustees Limited 100 % Australia

Australian Wealth Management Limited 100 % Australia

Australian Wealth Management Service Co Pty Limited 100 % Australia

Austselect Pty Limited 100 % Australia

B D Shepparton Pty Limited 75 % Australia

Bagot's Executor & Trustee Company Limited 100 % Australia

Bagot's Nominees Pty Limited 100 % Australia

Beaglemoat Nominees Pty Ltd 70 % Australia

Bridges Financial Services Group Pty Limited 100 % Australia

Bridges Financial Services Pty Limited 100 % AustraliaBridges Nominees Pty Limited 100 % Australia

Caltowie Investments Pty Limited 70 % Australia

Cigar Nominee Pty Limited 100 % Australia

CK Brisbane Pty Ltd 100 % Australia

Consultum Financial Advisers Pty Ltd 100 % Australia

Contango Nominees Pty Ltd 70 % Australia

CU Financial Advisory Services Pty Limited 100 % Australia

DD Charlestown Pty Ltd 100 % Australia

Dicksons Limited 70 % Australia

Executive Wealth Management Financial Services PtyLimited

100 % Australia


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Executive Wealth Management Pty Limited 100 % Australia

Executor Trustee Australia Limited 100 % Australia

Financial Lifestyle Partners (Doncaster) Pty Ltd 65 % Australia

Financial Partnership Pty Ltd 100 % Australia

Finium Trustees Pty Limited 100 % Australia

Group Investments Nominee Pty Limited 100 % AustraliaHoliday Coast Wealth Management Pty Limited 100 % Australia

IOOF Global One Limited 100 % Australia

IOOF Investment Holdings Ltd 100 % Australia

IOOF Investment Management Limited 100 % Australia

IOOF Life Ltd 100 % Australia

IOOF Ltd 100 % Australia

IOOF Services Pty Ltd 100 % Australia

IOOF Transition 2 Pty Ltd 100 % Australia

IOOF Transition 3 Pty Ltd 100 % AustraliaJK Rye Pty Limited 100 % Australia

JV1 Pty Limited 100 % Australia

KE Sunshine Coast Pty Ltd 100 % Australia

Minnett Nominees Pty Ltd 70 % Australia

NS Singleton Pty Ltd 100 % Australia

NT Homebush Pty Limited 70 % Australia

OMPL Pty Ltd 70 % Australia

OMPYF Nominees Pty Ltd 70 % Australia

Ord Minnett Financial Planning Pty Limited 70 % Australia

Ord Minnett Holdings Pty Limited 70 % AustraliaOrd Minnett Limited 70 % England

Ord Minnett Management Ltd 70 % Australia

Ord Minnett Prime Nominees Pty Limited 70 % Australia

Perennial Fixed Interest Partners Pty Ltd 75 % Australia

Perennial Growth Management Pty Ltd 60 % Australia

Perennial International Equities Management Pty Ltd 100 % Australia

Perennial Investment Partners (UK) Limited 100 % England

Perennial Investment Partners (US) Inc 100 % United States of America

Perennial Investment Partners Asia Limited 95 % AustraliaPerennial Investment Partners Limited 100 % Australia

Perennial Real Estate Investments Pty Ltd 50 % Australia

Questor Financial Services Limited 100 % Australia

Security Management Services Pty Ltd 100 % Australia

Select Managed Funds Limited 100 % Australia

SEM Group Administration Pty Limited 100 % Australia

Sentinel Adviser Services Pty Limited 100 % Australia

SMF Funds Management Limited 100 % Australia

SMF Investment Managers (Super & Pension Fund) Pty

Limited100 % Australia

SMF Pty Limited 100 % Australia

SMF SuperOptions Pty Limited 100 % Australia


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SMF Wealth Management Pty Limited 100 % Australia

Spectrum Managed Funds Pty Limited 100 % Australia

Strategy Plus Financial Planning Pty Ltd 100 % Australia

Super Choice Pty Limited 100 % Australia

Tower Austrust Building Pty Limited 100 % Australia

United Funds Management Limited 100 % AustraliaWealth Managers Pty Limited 100 % Australia

Trust

IOOF Executive Performance Share Plan Trust 100 % Australia

Perennial Cash Enhanced Wholesale Trust 56 % Australia

Perennial Cash Trust 55 % Australia

Perennial Socially Responsive Shares Wholesale Trust 90 % Australia

Perennial Tactical Income Trust 8 % Australia

Balance Date: 30 June, 2010

Services

Service Provider Type Service Provider

Banker Commonwealth Bank

External Auditor KPMG

Insurance Broker Willis Australia Ltd

Internal Auditor Ernst & Young

Solicitor Blake Dawson Waldron

Solicitor Freehills

Solicitor Mallesons Stephen JaquesTelecommunication Telstra Corporation Limited

Balance Date: 30 June, 2011

* IBISWorlds company information covers more than 2,000 of the countrys largest businesses, whichdrive Australias economy. The companies are ranked based on total revenue earned in the mostrecently reported financial year. All company types, such as public listed, public non-listed, privatecompanies and more, are listed in our database. The IBISWorld rank is updated daily.


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IOOF Holdings Ltd

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