Omni Bridgeway Ltd
ASX:OBL

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Omni Bridgeway Ltd Logo
Omni Bridgeway Ltd
ASX:OBL
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Price: 1.54 AUD 2.67% Market Closed
Market Cap: AU$445.4m

Omni Bridgeway Ltd
Investor Relations

Omni Bridgeway Ltd. engages in the investigation, management and funding of litigation and arbitration claims. The company is headquartered in Perth, Western Australia and currently employs 180 full-time employees. The company went IPO on 2000-01-28. The firm is engaged in funding and managing disputes, and international enforcement of judgments. The firm provides solutions including arbitration financing, judgement enforcement, distressed asset recovery, bankruptcy, commercial, intellectual property, investor recoveries, class/group actions, appeals, and whistleblower. Arbitration financing analyzes factors impacting claims and advises on navigating the various arbitral institutions. Judgement enforcement advises clients on how to safeguard collectability and enforcement of foreign judgments. Bankruptcy offers pre-litigation and pre-confirmation investigations, working capital, fees and credit funding and monetizing appeals. Intellectual property is designed to cover the expenses associated with Intellectual property (IP) cases.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Feb 22, 2023
AI Summary
Q2 2023

CEO Transition: CEO Andrew Saker will retire in October 2023, with Raymond van Hulst appointed as the next CEO.

Record Commitments: New commitments for the half hit a record $304.2 million, up 60% from the prior period, representing more than half of the full-year target.

Portfolio Growth: Estimated portfolio value (EPV) rose 9.6% sequentially to $29.8 billion, driven by heightened activity in the Americas and APAC.

Investment Returns: Company maintains a high success rate of 76%, with a 3-year return on invested capital (ROIC) of 115% and IRR of 35%.

Financial Results: Net loss was $30.1 million, down from the prior year, due to modest investment completions. Income of $37.1 million yet to be recognized.

Cash Position: Cash and receivables at $220 million, plus $100 million in undrawn credit lines support ongoing initiatives.

Secondary Market: Growth in secondary market transactions is expected to become a material income source and help manage investment duration risk.

Operational Efficiency: EPV per investment manager rose 28% to $303 million, reflecting improved productivity and scale.

Key Financials
New Commitments
$304.2 million
Estimated Portfolio Value (EPV)
$29.8 billion
Net Loss
$30.1 million
Cash and Receivables
$220 million
Undrawn Credit Lines
$100 million
Income Yet to Be Recognized
$37.1 million
Investment Income
$92.3 million
Success Rate
76%
Return on Invested Capital (ROIC)
115%
Internal Rate of Return (IRR)
35%
Impairment Expenses and Adverse Costs
$3.7 million
Headcount
214
EPV Per Investment Manager
$303 million
New Investment EPV Per Investment Manager
$86 million
Other Earnings Calls
2023

Management

Mr. Raymond van Hulst
MD, CEO & Executive Director
No Bio Available
Mr. Guillaume Leger
Group Chief Financial Officer
No Bio Available
Mr. Jeremy Thomas Sambrook
Group General Counsel & Company Secretary
No Bio Available
Mr. Clive Norman Bowman
Global Chief Investment Officer
No Bio Available
Mr. Steven Savage
Senior Manager of Marketing & Communications
No Bio Available
Ian Munro
Global Head of People & Culture
No Bio Available
Mr. Tom Glasgow
MD & Chief Investment Officer - APAC
No Bio Available
Ms. Tina Young
Chief Administrative Officer of US
No Bio Available
Mr. Paul Rand
MD & Chief Investment Officer of Canada
No Bio Available
Mr. Wieger Wielinga
Managing Director of Enforcement & EMEA
No Bio Available

Contacts

Address
WESTERN AUSTRALIA
Perth
L 6 37 St Georges Tce
Contacts
+61892252300.0
omnibridgeway.com