The Past

• Mariner was established in 2003.
• At its peak it had $1.2 billion under management with offices in Sydney, Boston, London and Tokyo.
  
• The company historically specialised in Australian and international real estate, mortgages and infrastructure.
  
• In response to the GFC, the company instigated a comprehensive action plan comprising:
  
  • an orderly disposal of assets and investments
    
  • the sale of non-core shareholdings
    
  • the implementation of a significant cost cutting program
    
  • divestment of its core retail funds management business
    
  • reduction of debt
    
  • simplification of structure and operations.
    

The Future

• In November 2010, Stanfield Funds Management acquired a strategic stake in the company.
  
• The former directors have all resigned, replaced by a new Board with Don Christie as Chairman.
  
• New management is focussed on re-launching the company and immediate growth from strategic acquisitions.
  
• New management is focussed on re-launching the Company and immediate growth through
  mergers and acquisition.
  
• The company stands to benefit from:
  
  • new and experienced management team
    
  • a ‘clean’ listed balance sheet
    
  • new capital raisings
    
  • the potential utilisation of $100+ million in deferred tax losses.

The Future is Change;
Change Creates Value