IPH (IPH) Company Presentation summary

Strong investment proposition

• Holds leading patent and trademark group positions in Australia, Canada, New Zealand, and Singapore, with 1,800+ employees and 34,000+ annual patent filings.

• Demonstrates consistent revenue and EBITDA growth, with FY24 revenue at $609.9m and underlying EBITDA at $195.5m; cash conversion remains high and dividends stable.

• Maintains a diverse earnings base across patents, trademarks, and legal services, with significant presence in Australia, New Zealand, Canada, and Asia.

Global trends in IP

• IP protection remains critical amid global technology competition, trade tensions, and deglobalisation, driving increased patent filings and licensing activity.

• China leads in AI-related patent filings, accounting for about 70% of global share by 2023; generative AI patents have surged over 800% since 2014.

• IPH is embedding AI in operational workflows, focusing on patent drafting, automation, and productivity tools.

Regional performance and strategy

• Australia/New Zealand: Organic earnings growth continues, with focus on higher-margin international filers and increased inbound Chinese patent filings.

• Asia: Patent filings up 17% FY25 YTD; Singapore market share rises to 22.2%; targeting growth from Chinese tech innovation and cross-border opportunities.

• Canada: CIPO system delays have impacted revenue, but recovery and fee catch-up expected from FY26; Bereskin & Parr integration completed, exceeding synergy targets.