Invesco second quarter 2016 results
|
|
- Dominic Henry
- 5 years ago
- Views:
Transcription
1 Invesco second quarter 2016 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer July 28, 2016
2 Forward-looking statements This presentation, and comments made in the associated conference call today, may include forward-looking statements. Forward-looking statements include information concerning future results of our operations, expenses, earnings, liquidity, cash flow and capital expenditures, industry or market conditions, AUM, geopolitical events and their potential impact on the company, acquisitions and divestitures, debt and our ability to obtain additional financing or make payments, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as will, may, could, should, and would as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q, filed with the Securities and Exchange Commission. You may obtain these reports from the SEC s website at We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate. 1
3 Presentation of Q results This presentation includes the following non-gaap financial measures: net revenue (and by calculation, net revenue yield on AUM), adjusted operating income, adjusted operating margin, adjusted net income attributable to Invesco Ltd., and adjusted diluted earnings per share (EPS). We believe these non-gaap measures provide greater transparency into our business on an ongoing operations basis and allow more appropriate comparisons with industry peers. Management uses these performance measures to evaluate the business and for internal management reporting. The most directly comparable U.S. GAAP measures are operating revenues (and by calculation, gross revenue yield on AUM), operating income, operating margin, net income attributable to Invesco Ltd., and diluted EPS. The information in this presentation is meant to supplement the information contained in the earnings release and includes a more detailed reconciliation format of the income statement from U.S. GAAP to a non-gaap presentation. We believe that this presentation is useful, as it aggregates the various non-gaap adjustments to illustrate adjusted revenue and expense categories and allows more transparency into the calculation of the non-gaap financial measures. 2
4 Discussion topics Second quarter overview Investment performance and flows Financial results Questions Appendix 3
5 Second quarter overview Continued strong investment performance and our focus on meeting client needs contributed to long-term net inflows and solid operating results despite volatile markets Maintained strong, long-term investment performance 68% and 73% of actively managed assets in top half of peer group on a 3- and 5-year basis Strong investment performance helped drive institutional and passive demand that led to long-term net inflows of $4.5 billion Adjusted operating margin* of 38.6% (up from 37.5% in first quarter) Quarterly dividend of $0.28 per share, up 3.7% over the prior year. Returned $318 million to shareholders during the second quarter through dividends and buybacks Past performance is not a guarantee of future results. Please see page 7 of this presentation for more information on investment performance *Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of adjusted operating expenses and adjusted operating income (and by calculation adjusted operating margin), to the most directly comparable U.S. GAAP financial measure. 4
6 Summary of second quarter 2016 results Assets under management Flows Overall adjusted operating results* June 30, 2016, AUM of $779.6 billion, versus $771.5 billion at March 31, 2016 Average AUM was $784.5 billion, versus $747.5 billion for the first quarter of 2016 Long-term net inflows of $4.5 billion Total net inflows of $2.7 billion Adjusted operating income was $330 million versus $307 million in the prior quarter Adjusted operating margin was 38.6% in the quarter versus 37.5% in the prior quarter Adjusted diluted EPS for the quarter was $0.56 versus $0.49 in the prior quarter Capital management Quarterly dividend of $0.28 per share, an increase of 3.7% versus the prior year Repurchased $200 million of stock during the quarter representing 7.4 million shares * Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure. 5
7 Discussion topics Second quarter overview Investment performance and flows Financial results Questions Appendix 6
8 Investment performance overview Aggregate performance analysis asset weighted Percent of actively managed assets in top half of peer group* 1-Year 3-Year 5-Year 62% 68% 73% 38% 32% 27% Assets top half of peer group Assets bottom half of peer group * Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. Data as of 6/30/2016. Includes AUM of $463.6 billion (59% of total IVZ) for 1 year, $449.3 billion (58% of total IVZ) for three year, and $447.4 billion (57% of total IVZ) for 5 year. Peer group rankings are sourced from a widely-used third party ranking agency in each fund s market (Lipper, Morningstar, IA, Russell, Mercer, evestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior monthend for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor s experience. 7
9 Quarterly long-term flows Positive passive flows during a volatile quarter Quarterly long-term flows ($ billions) Total Active Passive Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 Gross sales Gross redemptions Net long-term flows 8
10 Quarterly long-term flows Strong institutional demand during the quarter Quarterly long-term flows ($ billions) Retail (a) Institutional (b) Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 Gross sales Gross redemptions Net long-term flows (a) Retail AUM and flows are distributed by the company s retail sales team and generally includes retail products in the U.S., Canada, U.K., Continental Europe, Asia and our offshore product line. Retail AUM and flows excludes the PowerShares QQQ product (b) Institutional AUM and flows are distributed by the company s institutional sales team and generally includes our institutional investment capabilities in the U.S., Canada, U.K., Continental Europe and Asia. Institutional excludes money market 9
11 Our team has built a broad and robust profile in EMEA AUM by Channel AUM by Asset Class Employees by Office 14% 31% 36% 15% 33% 32% 33% 19% 19% 68% UK Retail Cross Border Retail* EMEA Institutional Fixed Income 2 UK Equities 3 Non-UK Equities Quantitative Strategies 5 Alternatives 1 4 UK Ex-UK 0.0 (20.0) (40.0) (60.0) (80.0) (100.0) Daily Average Net Outflows (in $m) (29.6) YTD Pre-Brexit Vote (77.6) June MTD Pre-Brexit Vote (13.0) Brexit Vote through July MTD 6 Source: Invesco Finance as at end June *Includes EMEA PowerShares 1 Invesco Perpetual (IP) and Invesco Fixed Income managed 2 IP managed 3 All investment centres 4 Invesco Quantitative Strategies and PowerShares 5 IP Global Targeted Returns, Invesco Real Estate, and Invesco Global Asset Allocation. 6 Data as of July 26 th 10
12 Discussion topics Second quarter overview Investment performance and flows Financial results Questions Appendix 11
13 Total assets under management 2Q16 vs. 1Q16 ($ billions) 2Q-16 1Q-16 % Change Beginning Assets $771.5 $775.6 (0.5)% Long-Term Inflows % Long-Term Outflows (41.3) (44.1) (6.3)% Long-Term Net flows 4.5 (1.3) N/A Net flows in Invesco PowerShares QQQ (3.8) (2.6) 46.2% Net flows in Inst. Money Market Funds (47.4)% Total Net Flows 2.7 (0.1) N/A Market Gains and Losses/Reinvestment 10.7 (3.0) N/A Acquisitions/Dispositions, net 2.4 (3.6) N/A Foreign Currency Translation (7.7) 2.6 N/A Ending Assets $779.6 $ % Average Long-Term AUM $681.8 $ % Average AUM $784.5 $ % Net Revenue Yield (annualized)** 43.7bps 43.8bps Net Revenue Yield Before Performance Fees (annualized)** 43.2bps 42.9bps ** Non-GAAP financial measure - See the Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure. 12
14 U.S. GAAP operating results 2Q16 vs. 1Q16 ($ millions) 2Q-16 1Q-16 % Change Operating Revenues Investment Management Fees % Service and Distribution Fees % Performance Fees (38.6)% Other % Total Operating Revenues 1, , % Operating Expenses Third-Party Distribution, Service and Advisory Expenses % Employee Compensation % Marketing % Property, Office and Technology % General and Administrative % Total Operating Expenses % Operating Income % Other Income/(Expense) Equity in Earnings of Unconsolidated Affiliates 4.6 (12.2) N/A Interest and Dividend Income (30.6)% Interest Expense (22.1) (23.9) (7.5)% Other Gains and Losses, net (4.2) (4.7) (10.6)% Other income/(expense) of CIP, net 37.9 (7.5) N/A Income before income taxes % Effective Tax Rate 26.1% 31.3% Net Income % Net (Income)/Loss attributable to Non-Controlling Interests (11.0) 3.2 N/A in Consolidated Entities Net Income attributable to Invesco Ltd % Diluted EPS $0.54 $ % Operating Margin 25.3% 23.9% Average AUM ($ billions) % Headcount 6,796 6, % 13
15 Non-GAAP operating results 2Q16 vs. 1Q16 ($ millions) 2Q-16 1Q-16 % Change Adjusted Revenues Investment Management Fees % Service and Distribution Fees % Performance Fees (40.0)% Other % Third-Party Distribution, Service and Advisory Expenses (350.7) (349.4) 0.4% Net Revenues % Adjusted Operating Expenses Employee Compensation % Marketing % Property, Office and Technology % General and Administrative % Total Adjusted Operating Expenses % Adjusted Operating Income % Adjusted Other Income/(Expense) Equity in Earnings of Unconsolidated Affiliates 6.1 (1.1) N/A Interest and Dividend Income (32.6)% Interest Expense (22.1) (23.9) (7.5)% Other Gains and Losses, net (0.3) (7.7) (96.1)% Adjusted Income before income taxes % Effective Tax Rate 26.5% 26.5% Adjusted Net Income % Adjusted Net (Income)/Loss attributable to Non-Controlling Interests - - N/A in Consolidated Entities Adjusted Net Income attributable to Invesco Ltd % Adjusted Diluted EPS $0.56 $ % Adjusted Operating Margin 38.6% 37.5% Average AUM ($ billions) % Headcount 6,796 6, % Non-GAAP financial measures - See the Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure. 14
16 We are uniquely positioned to meet client needs Success driver Deep understanding of client needs Pure focus on investment management Experienced, stable and accountable investment leadership Organizational strength 15 Invesco position Deep knowledge of clients and their evolving needs Comprehensive, all-weather, high-conviction fundamental and factor investing product line Demonstrated ability to combine a broad range of capabilities to construct portfolios aligned with client investment objectives by channel and by region No competing lines of business to support Strong investment reputation Independence Infrastructure and client support platforms that enable our investors to spend more time focused on investing Specialized, stable investment teams with discrete investment perspectives and experience across diverse market cycles Disciplined, repeatable investment philosophy and processes Strong risk management and oversight Compensation aligned with performance and client interests Broad and deep global presence in key markets Solid margins, financial strength and resources to ensure long-term investment in the business 6,500+ highly engaged and motivated employees focused on client needs Proven management team with a solid track record
17 Second quarter overview Continued strong investment performance and our focus on meeting client needs contributed to long-term net inflows and solid operating results despite volatile markets Maintained strong, long-term investment performance 68% and 73% of actively managed assets in top half of peer group on a 3- and 5-year basis Strong investment performance helped drive institutional and passive demand that led to long-term net inflows of $4.5 billion Adjusted operating margin* of 38.6% (up from 37.5% in first quarter) Quarterly dividend of $0.28 per share, up 3.7% over the prior year. Returned $318 million to shareholders during the second quarter through dividends and buybacks Past performance is not a guarantee of future results. Please see page 7 of this presentation for more information on investment performance *Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of adjusted operating expenses and adjusted operating income (and by calculation adjusted operating margin), to the most directly comparable U.S. GAAP financial measure. 16
18 Discussion topics Second quarter overview Investment performance and flows Financial results Questions Appendix 17
19 Discussion topics Second quarter overview Investment performance and flows Financial results Questions Appendix 18
20 We are diversified as a firm Delivering a diverse set of solutions to meet client needs By client domicile By channel By asset class 3% 15% 66% 12% 9% 65% 35% 25% 45% 10% 9% 6% ($ billions) 1-Yr Change ($ billions) 1-Yr Change ($ billions) 1-Yr Change U.S. Canada U.K. Europe Asia $512.5 $23.1 $93.8 $72.8 $77.4 (3.4)% (7.2)% (15.3)% (5.5)% 28.6% Retail Institutional $504.3 $275.3 (6.8)% 5.0% Equity Balanced Money Market Fixed Income Alternatives $348.8 $47.4 $71.1 $196.3 $116.0 (11.6)% (11.6)% 4.7% 4.7% 16.1% Total $779.6 (3.0)% Total $779.6 (3.0)% Total $779.6 (3.0)% As of June 30,
21 Investment performance By investment objective (actively managed assets)* Equities U.S. Core U.S. Growth U.S. Value 100% 100% 100% 28% AUM above benchmark 1 st quartile 2 nd quartile Sector 100% 3% 4% 0% 6% 17% 0% 1-Yr 3-Yr 5-Yr 67% 28% 37% 28% 28% 28% 8% 1-Yr 3-Yr 5-Yr 34% 35% 30% 33% 33% 33% 1-Yr 3-Yr 5-Yr 1% 14% 1% 5% 3% 3% 5% 2% 1-Yr 3-Yr 5-Yr U.K. Canadian Asian European 100% 100% 100% 100% 100% 100% 93% 90% 89% 100% 65% 85% 90% 97% 7% 3% 3% 1-Yr 3-Yr 5-Yr 48% 8% 29% 38% 21% 21% 21% 1-Yr 3-Yr 5-Yr 59% 55% 51% 18% 23% 27% 1-Yr 3-Yr 5-Yr 77% 51% 63% 63% 45% 9% 16% 11% 1-Yr 3-Yr 5-Yr * Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. Data as of 6/30/2016. AUM measured in the one, three, and five year quartile rankings represents 59%, 58%, and 57% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 74%, 70%, and 68% of total Invesco AUM, respectively, as of 6/30/16. AUM measured in the one, three, and five year quartile rankings represents 58%, 57%, and 56% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 72%, 69%, and 67% of total Invesco AUM, respectively, as of 3/31/16. Peer group rankings are sourced from a widely-used third party ranking agency in each fund s market (Lipper, Morningstar, IA, Russell, Mercer, evestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor s experience. 20
22 Investment performance By investment objective (actively managed assets)* (CONTINUED) Equities Other AUM above benchmark 1 st quartile 2 nd quartile Global Global ex-u.s. and Em. Mkts. Alternatives Balanced 100% 100% 100% 100% 98% 98% 86% 45% 66% 90% 52% 89% 88% 98% 53% 56% 30% 56% 59% 48% 52% 54% 39% 37% 50% 28% 8% 33% 32% 28% 11% 19% 10% 18% 9% 10% 1% 7% 12% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr Fixed income Money market U.S. fixed income Global fixed income Stable value 100% 100% 100% 100% 96% 31% 95% 96% 100% 100% 100% 30% 37% 21 68% 68% 86% 89% 89% 11% 9% 9% 1-Yr 3-Yr 5-Yr 62% 62% 83% 79% 7% 19% 1-Yr 3-Yr 5-Yr 43% 25% 54% 23% 2% 40% 16% 13% 3% 1-Yr 3-Yr 5-Yr 93% 70% 63% 7% 1-Yr 3-Yr 5-Yr * Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. Data as of 6/30/2016. AUM measured in the one, three, and five year quartile rankings represents 59%, 58%, and 57% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 74%, 70%, and 68% of total Invesco AUM, respectively, as of 6/30/16. AUM measured in the one, three, and five year quartile rankings represents 58%, 57%, and 56% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 72%, 69%, and 67% of total Invesco AUM, respectively, as of 3/31/16. Peer group rankings are sourced from a widely-used third party ranking agency in each fund s market (Lipper, Morningstar, IA, Russell, Mercer, evestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor s experience.
23 Investment performance (5-year) By investment objective (actively managed assets)* Percentages in parentheses represent % AUM of each investment objective as a ratio of all objectives (Total ranked AUM of $447.4 billion) Equities U.S. Core (4%) % of assets top half of peer group U.S. Growth (5%) U.S. Value (12%) Sector (1%) % of assets bottom half of peer group U.K. (6%) Canadian (1%) Asian (3%) European (4%) * Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. Data as of 6/30/2016. Includes AUM of $447.4 billion (57% of total IVZ) for five year. AUM as of 3/31/16 was billion (56% of total IVZ). Peer group rankings are sourced from a widely-used third party ranking agency in each fund s market (Lipper, Morningstar, IA, Russell, Mercer, evestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor s experience. 22
24 Investment performance (5-year) By investment objective (actively managed assets)* (CONTINUED) Percentages in parentheses represent % AUM of each investment objective as a ratio of all objectives (Total ranked AUM of $447.4 billion) Equities Global (3%) 20 Global ex-us and Em. Mkts (5%) 2 Other 26 % of assets top half of peer group Alternatives (8%) Balanced (11%) % of assets bottom half of peer group Fixed income Money market (16%) U.S. fixed income (9%) Global fixed income (7%) Stable value (5%) * Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. Data as of 6/30/2016. Includes AUM of $447.4 billion (57% of total IVZ) for five year. AUM as of 3/31/16 was billion (56% of total IVZ). Peer group rankings are sourced from a widely-used third party ranking agency in each fund s market (Lipper, Morningstar, IA, Russell, Mercer, evestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor s experience. 23
25 US GAAP operating results quarterly ($ millions) 2Q-16 1Q-16 % Change* 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 3Q-14 Investment Management Fees % 987 1,017 1,056 1,001 1,010 1,047 Service and Distribution Fees % Performance Fees 9 15 (38.6)% Other % Total Operating Revenues 1,189 1, % 1,240 1,274 1,318 1,292 1,277 1,311 Third-Party Distribution, Service and Advisory % Employee Compensation % Marketing % Property, Office and Technology % General and Administrative % Total Operating Expenses % Operating Income % Equity in Earnings of Unconsolidated Affiliates 5 (12) N/A Interest and Dividend Income 3 4 (30.6)% Interest Expense (22) (24) (7.5)% (23) (20) (20) (19) (18) (18) Other Gains and Losses, net (4) (5) (10.6)% 4 1 (9) 3 7 (1) Other income/(expense) of CIP, net 38 (8) N/A (12) 2 (2) 39 (22) 15 Other income/(expense) of CSIP,net - - N/A 1 (4) Income from continuing operations before income taxes % Effective Tax Rate** 26.1% 31.3% 30.8% 29.4% 31.0% 26.3% 30.5% 27.3% Income from continuing operations, net of taxes % Income/(loss) from discontinued operations, net of taxes - - N/A (1) (1) Net Income % Net (Income)/Loss Attributable to Noncontrolling Interests in Consolidated Entities (11) 3 N/A (24) 44 4 Net Income Attributable to Invesco Ltd % Diluted EPS $0.54 $ % $0.48 $0.58 $0.60 $0.60 $0.62 $0.59 * % change based on unrounded figures ** Effective tax rate = Tax expense / Income from continuing operations before income taxes and minority interest 24
26 Non-GAAP operating results quarterly ($ millions) 2Q-16 1Q-16 % Change* 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 3Q-14 Investment Management Fees % 1,009 1,038 1,083 1,024 1,033 1,071 Service and Distribution Fees % Performance Fees 9 16 (40.0)% Other % Third-party distribution, service and advisory expense (351) (349) 0.4% (378) (395) (417) (402) (398) (424) Net Revenues % Employee Compensation % Marketing % Property, Office and Technology % General and Administrative % Adjusted Operating Expenses % Adjusted Operating Income % Equity in Earnings of Unconsolidated Affiliates 6 (1) N/A Interest and Dividend Income 3 4 (32.6)% Interest Expense (22) (24) (7.5)% (23) (20) (20) (19) (18) (18) Other Gains and Losses, net (0) (8) (97.4)% (10) (7) 2 (3) 6 2 Other income/(expense) of CSIP, net 0 0 N/A 1 (4) Adjusted Income from Continuing Operations before income taxes and minority interest % Effective Tax Rate** 26.5% 26.5% % 26.5% 28.7% 26.3% 26.1% 26.6% Adjusted Net Income Adjusted net (income)/loss attributable to noncontrolling interests in consolidated entities % N/A 2 3 (2) (4) - (3) Adjusted Net Income Attributable to Invesco Ltd % Adjusted Diluted EPS $0.56 $ % $0.58 $0.61 $0.63 $0.63 $0.63 $0.64 * % change based on unrounded figures ** Effective tax rate = Adjusted tax expense / Adjusted income from continuing operations before taxes. See Reconciliation of US GAAP results to non-gaap results in this appendix 25
27 Total assets under management quarterly ($ billions) 2Q-16 1Q-16 % Change 4Q-15 3Q-15 2Q-15 Beginning Assets $771.5 $775.6 (0.5)% $755.8 $803.6 $798.3 Long-Term Inflows % Long-Term Outflows (41.3) (44.1) (6.3)% (39.1) (47.4) (46.2) Long-Term Net flows 4.5 (1.3) N/A 3.9 (3.9) 5.9 Net flows in Invesco PowerShares QQQ (3.8) (2.6) 46.2% 2.0 (0.9) (0.3) Net flows in Inst. Money Market Funds (47.4)% (1.8) (1.5) (2.6) Total Net Flows 2.7 (0.1) N/A 4.1 (6.3) 3.0 Market Gains and Losses/Reinvestment 10.7 (3.0) N/A 21.0 (35.6) (6.2) Acquisitions/Dispositions, net 2.4 (3.6) N/A Foreign Currency Translation (7.7) 2.6 N/A (5.3) (5.9) 8.5 Ending Assets $779.6 $ % $775.6 $755.8 $803.6 Average Long-Term AUM $681.8 $ % $678.2 $685.5 $706.1 Average AUM $784.5 $ % $783.7 $788.9 $810.9 Gross Revenue Yield (annualized)* 61.3bps 62.1bps 63.8bps 65.1bps 65.6bps Gross Revenue Yield Less Performance Fees 60.9bps 61.3bps 62.9bps 64.3bps 65.2bps (annualized)* Net Revenue Yield (annualized)** 43.7bps 43.8bps 45.2bps 45.8bps 46.2bps Net Revenue Yield Less Performance Fees (annualized)** 43.2bps 42.9bps 44.3bps 44.9bps 45.6bps * Gross revenue yield on AUM is equal to total operating revenues divided by average AUM, excluding JV AUM. Average AUM for 2Q16, for our joint ventures in China were $8.6bn (1Q16:$7.6bn;4Q15:$6.6bn;3Q15: $6.0bn; 2Q15:$6.9bn;1Q15:$5.0bn) ** Net Revenue Yield on AUM is equal to net revenues divided by average AUM including JV AUM. Average AUM for 2Q16, for our joint ventures in China were $8.6bn (1Q16:$7.6bn;4Q15:$6.6bn;3Q15: $6.0bn; 2Q15:$6.9bn;1Q15:$5.0bn) 26
28 Total assets under management by asset class ($ billions) Total Equity Fixed Balanced Money Alternatives Income Market December 31, 2015 $775.6 $370.9 $187.9 $48.1 $64.6 $104.1 Long-Term Inflows Long-Term Outflows (44.1) (24.6) (10.1) (3.6) (1.0) (4.8) Long-Term Net flows (1.3) (4.2) (0.4) (1.6) Net flows in Invesco PowerShares QQQ (2.6) (2.6) Net flows in Inst. Money Market Fund Market Gains and Losses/Reinvestment (3.0) (5.5) 2.0 (0.6) Acquisitions/Dispositions, net (3.6) - (2.7) - - (0.9) Foreign Currency Translation March 31, 2016 $771.5 $359.5 $187.1 $46.8 $68.6 $109.5 Long-Term Inflows Long-Term Outflows (41.3) (27.0) (6.4) (3.0) (0.8) (4.1) Long-Term Net flows 4.5 (6.5) Net flows in Invesco PowerShares QQQ (3.8) (3.8) Net flows in Inst. Money Market Fund Market Gains and Losses/Reinvestment Acquisitions/Dispositions, net Foreign Currency Translation (7.7) (4.3) (1.4) (1.2) (0.1) (0.7) June 30, 2016 $779.6 $348.8 $196.3 $47.4 $71.1 $
29 Total assets under management by asset class ($ billions) Total Equity Fixed Balanced Money Alternatives Income Market June 30, 2015 $803.6 $394.7 $187.5 $53.6 $67.9 $99.9 Long-Term Inflows Long-Term Outflows (47.4) (25.6) (11.3) (4.3) (1.0) (5.2) Long-Term Net flows (3.9) (6.0) (0.8) (1.1) Net flows in Invesco PowerShares QQQ (0.9) (0.9) Net flows in Inst. Money Market Fund (1.5) (1.5) - Market Gains and Losses/Reinvestment (35.6) (31.6) (0.4) (1.4) 0.1 (2.3) Foreign Currency Translation (5.9) (3.8) (0.8) (1.0) - (0.3) September 30, 2015 $755.8 $352.4 $185.5 $50.1 $66.8 $101.0 Long-Term Inflows Long-Term Outflows (39.1) (21.0) (8.0) (4.1) (1.0) (5.0) Long-Term Net flows (1.3) (0.3) 2.2 Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Fund (1.8) (1.8) - Market Gains and Losses/Reinvestment (0.1) 1.3 Foreign Currency Translation (5.3) (2.9) (1.0) (1.0) - (0.4) December 31, 2015 $775.6 $370.9 $187.9 $48.1 $64.6 $
30 Total assets under management by channel ($ billions) Total Retail Institutional December 31, 2015 $775.6 $514.8 $260.8 Long-Term Inflows Long-Term Outflows (44.1) (35.8) (8.3) Long-Term Net flows (1.3) (2.7) 1.4 Net flows in Invesco PowerShares QQQ (2.6) (2.6) - Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment (3.0) (3.1) 0.1 Acquisitions/Dispositions, net (3.6) - (3.6) Foreign Currency Translation March 31, 2016 $771.5 $507.7 $263.8 Long-Term Inflows Long-Term Outflows (41.3) (35.3) (6.0) Long-Term Net flows 4.5 (0.5) 5.0 Net flows in Invesco PowerShares QQQ (3.8) (3.8) - Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Acquisitions/Dispositions, net Foreign Currency Translation (7.7) (7.3) (0.4) June 30, 2016 $779.6 $504.3 $
31 Total assets under management by channel ($ billions) Total Retail Institutional June 30, 2015 $803.6 $541.3 $262.3 Long-Term Inflows Long-Term Outflows (47.4) (36.2) (11.2) Long-Term Net flows (3.9) (4.2) 0.3 Net flows in Invesco PowerShares QQQ (0.9) (0.9) - Net flows in Inst. Money Market Funds (1.5) - (1.5) Market Gains and Losses/Reinvestment (35.6) (31.4) (4.2) Foreign Currency Translation (5.9) (5.4) (0.5) September 30, 2015 $755.8 $499.4 $256.4 Long-Term Inflows Long-Term Outflows (39.1) (32.6) (6.5) Long-Term Net flows Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Funds (1.8) - (1.8) Market Gains and Losses/Reinvestment Foreign Currency Translation (5.3) (4.5) (0.8) December 31, 2015 $775.6 $514.8 $
32 Total assets under management by client domicile ($ billions) Total U.S. Canada U.K. Continental Europe Asia December 31, 2015 $775.6 $510.7 $21.7 $104.2 $75.4 $63.6 Long-Term Inflows Long-Term Outflows (44.1) (26.7) (1.2) (5.0) (8.2) (3.0) Long-Term Net flows (1.3) (2.3) (0.2) (0.8) (1.6) 3.6 Net flows in Invesco PowerShares QQQ (2.6) (2.6) Net flows in Inst. Money Market Funds (0.8) - (0.4) Market Gains and Losses/Reinvestment (3.0) 0.3 (0.2) (1.0) (1.3) (0.8) Acquisitions/Dispositions, net (3.6) (3.6) Foreign Currency Translation (2.4) March 31, 2016 $771.5 $507.5 $22.9 $99.2 $74.9 $67.0 Long-Term Inflows Long-Term Outflows (41.3) (25.6) (1.0) (3.8) (7.0) (3.9) Long-Term Net flows (0.2) (0.6) (0.9) 4.1 Net flows in Invesco PowerShares QQQ (3.8) (3.8) Net flows in Inst. Money Market Funds 2.0 (1.1) Market Gains and Losses/Reinvestment Acquisitions/Dispositions, net Foreign Currency Translation (7.7) (0.1) (0.1) (6.5) (1.5) 0.5 June 30, 2016 $779.6 $512.5 $23.1 $93.8 $72.8 $
33 Total assets under management by client domicile ($ billions) Total U.S. Canada U.K. Continental Europe Asia June 30, 2015 $803.6 $530.8 $24.9 $110.7 $77.0 $60.2 Long-Term Inflows Long-Term Outflows (47.4) (25.6) (0.9) (5.9) (7.3) (7.7) Long-Term Net flows (3.9) (5.0) - (0.2) Net flows in Invesco PowerShares QQQ (0.9) (0.9) Net flows in Inst. Money Market Funds (1.5) (2.1) - - (0.1) 0.7 Market Gains and Losses/Reinvestment (35.6) (23.1) (1.3) (3.7) (3.7) (3.8) Foreign Currency Translation (5.9) - (1.8) (3.7) (0.1) (0.3) September 30, 2015 $755.8 $499.7 $21.8 $103.1 $74.1 $57.1 Long-Term Inflows Long-Term Outflows (39.1) (25.2) (1.2) (3.4) (6.6) (2.7) Long-Term Net flows 3.9 (0.2) (0.4) Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Funds (1.8) (2.8) 0.1 (0.1) Market Gains and Losses/Reinvestment Foreign Currency Translation (5.3) - (0.8) (2.9) (1.4) (0.2) December 31, 2015 $775.6 $510.7 $21.7 $104.2 $75.4 $
34 Passive assets under management by asset class ($ billions) Total Equity Fixed Balanced Money Alternative Income Market December 31, 2015 $139.1 $91.0 $ $0.4 $9.1 Long-Term Inflows Long-Term Outflows (11.7) (8.3) (2.6) - - (0.8) Long-Term Net flows (1.8) (1.2) (0.5) - - (0.1) Net flows in Invesco PowerShares QQQ (2.6) (2.6) Net flows in Inst. Money Market Funds (0.3) (0.3) - Market Gains and Losses/Reinvestment (0.2) (0.1) (0.3) Acquisitions/Dispositions, net (3.2) - (2.7) - - (0.5) Foreign Currency Translation March 31, 2016 $131.1 $87.1 $ $0.1 $8.3 Long-Term Inflows Long-Term Outflows (7.8) (6.5) (0.7) - - (0.6) Long-Term Net flows Net flows in Invesco PowerShares QQQ (3.8) (3.8) Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Foreign Currency Translation June 30, 2016 $133.5 $84.9 $ $0.2 $9.5 33
35 Passive assets under management by asset class ($ billions) Total Equity Fixed Income Balanced Money Market Alternative June 30, 2015 $141.6 $89.4 $ $11.0 Long-Term Inflows Long-Term Outflows (9.1) (6.2) (1.8) - - (1.1) Long-Term Net flows (2.3) (0.9) (0.9) - - (0.5) Net flows in Invesco PowerShares QQQ (0.9) (0.9) Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment (6.8) (5.3) (0.6) - - (0.9) Foreign Currency Translation September 30, 2015 $131.7 $82.3 $ $0.1 $9.6 Long-Term Inflows Long-Term Outflows (9.4) (6.2) (2.3) - - (0.9) Long-Term Net flows (0.9) - - (0.2) Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment (0.2) - - (0.3) Foreign Currency Translation December 31, 2015 $139.1 $91.0 $ $0.4 $9.1 34
36 Passive assets under management by channel ($ billions) Total Retail Institutional December 31, 2015 $139.1 $118.7 $20.4 Long-Term Inflows Long-Term Outflows (11.7) (10.2) (1.5) Long-Term Net flows (1.8) (0.3) (1.5) Net flows in Invesco PowerShares QQQ (2.6) (2.6) - Net flows in Inst. Money Market Funds (0.3) - (0.3) Market Gains and Losses/Reinvestment (0.2) (0.1) (0.1) Acquisitions/Dispositions, net (3.2) - (3.2) Foreign Currency Translation March 31, 2016 $131.1 $115.7 $15.4 Long-Term Inflows Long-Term Outflows (7.8) (7.7) (0.1) Long-Term Net flows Net flows in Invesco PowerShares QQQ (3.8) (3.8) - Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Foreign Currency Translation June 30, 2016 $133.5 $117.0 $
37 Passive assets under management by channel ($ billions) Total Retail Institutional June 30, 2015 $141.6 $119.7 $21.9 Long-Term Inflows Long-Term Outflows (9.1) (7.8) (1.3) Long-Term Net flows (2.3) (1.8) (0.5) Net flows in Invesco PowerShares QQQ (0.9) (0.9) - Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment (6.8) (6.4) (0.4) Foreign Currency Translation September 30, 2015 $131.7 $110.6 $21.1 Long-Term Inflows Long-Term Outflows (9.4) (8.2) (1.2) Long-Term Net flows (1.2) Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Foreign Currency Translation December 31, 2015 $139.1 $118.7 $
38 Passive assets under management by client domicile ($ billions) Total U.S. Canada U.K. Continental Europe Asia December 31, 2015 $139.1 $134.4 $0.4 - $1.9 $2.4 Long-Term Inflows Long-Term Outflows (11.7) (11.4) (0.1) - (0.2) - Long-Term Net flows (1.8) (1.7) - - (0.1) - Net flows in Invesco PowerShares QQQ (2.6) (2.6) Net flows in Inst. Money Market Funds (0.3) (0.3) Market Gains and Losses/Reinvestment (0.2) (0.2) Acquisitions/Dispositions, net (3.2) (3.2) Foreign Currency Translation March 31, 2016 $131.1 $126.7 $0.4 - $1.8 $2.2 Long-Term Inflows Long-Term Outflows (7.8) (7.6) - - (0.2) - Long-Term Net flows (0.1) - Net flows in Invesco PowerShares QQQ (3.8) (3.8) Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Foreign Currency Translation June 30, 2016 $133.5 $128.9 $0.5 - $1.7 $2.4 37
39 Passive assets under management by client domicile ($ billions) Total U.S. Canada U.K. Continental Europe Asia June 30, 2015 $141.6 $137.4 $0.4 - $1.8 $2.0 Long-Term Inflows Long-Term Outflows (9.1) (8.3) - - (0.1) (0.7) Long-Term Net flows (2.3) (2.4) Net flows in Invesco PowerShares QQQ (0.9) (0.9) Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment (6.8) (6.6) - - (0.1) (0.1) Foreign Currency Translation September 30, 2015 $131.7 $127.5 $0.4 - $1.8 $2.0 Long-Term Inflows Long-Term Outflows (9.4) (9.2) - - (0.2) - Long-Term Net flows (0.1) - Net flows in Invesco PowerShares QQQ Net flows in Inst. Money Market Funds Market Gains and Losses/Reinvestment Foreign Currency Translation December 31, 2015 $139.1 $134.4 $0.4 - $1.9 $2.4 38
40 Reconciliation of US GAAP results to non-gaap results three months ended June 30, 2016 Please refer to pages 8-10 in the 2Q 2016 earnings press release for a description of the adjustments ($ millions) US GAAP Proportional 3 rd party Business Market appreciation / Consolidated Other Non-GAAP Consolidation distribution, service Combinations depreciation of Investment basis Basis reconciling of Joint and advisory deferred Products items Operating Revenues Ventures expenses compensation awards Investment Management Fees Service and Distribution Fees Performance Fees Other Third-Party Distribution, Service and Advisory - (2) (348) (351) Total Operating Revenues reconciled to net revenues 1, (348) Operating Expenses Third-Party Distribution, Service and Advisory (348) Employee Compensation (0) (2) - (4) 348 Marketing Property, Office and Technology (0) 83 General and Administrative (4) - (8) (1) 67 Total Operating Expenses (348) (5) (2) (8) (5) 526 Operating Income reconciled to adjusted operating income Equity in Earnings of Unconsolidated Affiliates 5 (4) Interest and Dividend Income Interest Expense (22) (22) Other Gains and Losses, net (4) (4) 1 (8) (0) Other income/(expense) of CSIP, net Other income/(expense) of CIP, net (38) - - Income before income taxes (2) (32) (3) 317 Income Tax Provision (84) (1) - (2) 1-2 (84) Net income (1) (19) (1) 233 Net (Income)/Loss Attributable to Noncontrolling (11) Interests in Consolidated Entities Net Income Attributable to Invesco Ltd. reconciled to adjusted net income attributable to Invesco Ltd (1) (8) (1) 233 Diluted EPS $0.54 Adjusted diluted EPS $0.56 Diluted Shares Outstanding Diluted Shares Outstanding Operating margin 25.3% Adjusted Operating Margin 38.6% 39
41 Reconciliation of US GAAP results to non-gaap results three months ended March 31, 2016 Please refer to pages in the 1Q 2016 earnings press release for a description of the adjustments ($ millions) US GAAP Proportional 3 rd party Business Market appreciation / Consolidated Other Non-GAAP Consolidation distribution, service Combinations depreciation of Investment basis Basis reconciling of Joint and advisory deferred Products items Operating Revenues Ventures expenses compensation awards Investment Management Fees Service and Distribution Fees Performance Fees Other Third-Party Distribution, Service and Advisory - (2) (347) (349) Total Operating Revenues reconciled to net revenues 1, (347) Operating Expenses Third-Party Distribution, Service and Advisory (347) Employee Compensation (5) - - (4) 340 Marketing Property, Office and Technology General and Administrative (4) - (2) (9) 64 Total Operating Expenses (347) (10) - (2) (13) 511 Operating Income reconciled to adjusted operating income Equity in Earnings of Unconsolidated Affiliates (12) (3) (4) - (1) Interest and Dividend Income Interest Expense (24) (24) Other Gains and Losses, net (5) - - (4) 2 - (1) (8) Other income/(expense) of CSIP, net Other income/(expense) of CIP, net (8) Income before income taxes Income Tax Provision (72) (1) (4) (74) Net income Net (Income)/Loss Attributable to Noncontrolling (3) - - Interests in Consolidated Entities Net Income Attributable to Invesco Ltd. reconciled to adjusted net income attributable to Invesco Ltd Diluted EPS $0.38 Adjusted diluted EPS $0.49 Diluted Shares Outstanding Diluted Shares Outstanding Operating margin 23.9% Adjusted Operating Margin 37.5% 40
42 Reconciliation of US GAAP results to non-gaap results three months ended December 31, 2015 Please refer to pages in the 4Q 2015 earnings press release for a description of the adjustments ($ millions) US GAAP Proportional 3 rd party Business Market appreciation / Consolidated Other Non-GAAP Consolidation distribution, service Combinations depreciation of Investment basis Basis reconciling of Joint and advisory deferred Products items Operating Revenues Ventures expenses compensation awards Investment Management Fees ,009 Service and Distribution Fees Performance Fees Other Third-Party Distribution, Service and Advisory - (3) (375) (378) Total Operating Revenues reconciled to net revenues 1, (375) Operating Expenses Third-Party Distribution, Service and Advisory (375) Employee Compensation (4) - (12) 339 Marketing Property, Office and Technology (2) 80 General and Administrative (4) - (2) (15) 77 Total Operating Expenses (375) (4) (4) (2) (29) 530 Operating Income reconciled to adjusted operating income Equity in Earnings of Unconsolidated Affiliates 3 (4) Interest and Dividend Income Interest Expense (23) (23) Other Gains and Losses, net (9) (5) - (1) (10) Other income/(expense) of CSIP, net Interest Income of Consolidated Investment Products (63) - - Interest Expense of Consolidated Investment Products (51) Other Gains and (Losses) of Consolidated Investment (24) Products, net Income before income taxes (5) (2) 25 (29) 330 Income Tax Provision (87) (1) (8) (88) Net income (1) Net (Income)/Loss Attributable to Noncontrolling (6) - 2 Interests in Consolidated Entities Net Income Attributable to Invesco Ltd. reconciled to adjusted net income attributable to Invesco Ltd (1) Diluted EPS $0.48 Adjusted diluted EPS $0.58 Diluted Shares Outstanding Diluted Shares Outstanding Operating margin 24.5% Adjusted Operating Margin 40.1% 41
43 Reconciliation of US GAAP results to non-gaap results three months ended September 31, 2015 Please refer to pages in the 3Q 2015 earnings press release for a description of the adjustments ($ millions) US GAAP Proportional 3 rd party Business Market appreciation / Consolidated Other Non-GAAP Consolidation distribution, service Combinations depreciation of Investment basis Basis reconciling of Joint and advisory deferred Products items Operating Revenues Ventures expenses compensation awards Investment Management Fees 1, ,038 Service and Distribution Fees Performance Fees Other Third-Party Distribution, Service and Advisory - (3) (392) (395) Total Operating Revenues reconciled to net revenues 1, (392) Operating Expenses Third-Party Distribution, Service and Advisory (392) Employee Compensation Marketing Property, Office and Technology General and Administrative (3) - (9) - 77 Total Operating Expenses (392) (3) 4 (9) Operating Income reconciled to adjusted operating (4) income Equity in Earnings of Unconsolidated Affiliates 8 (4) Interest and Dividend Income Interest Expense (20) (20) Other Gains and Losses, net (18) 12 - (2) (7) Other income/(expense) of CSIP, net (4) (4) Interest Income of Consolidated Investment Products (65) - - Interest Expense of Consolidated Investment Products (46) Other Gains and (Losses) of Consolidated Investment (17) Products, net Income before income taxes (16) 7 18 (2) 351 Income Tax Provision (100) (1) - 11 (3) - - (93) Net income 241 (4) 5 18 (2) 258 Net (Income)/Loss Attributable to Noncontrolling (5) - 3 Interests in Consolidated Entities Net Income Attributable to Invesco Ltd. reconciled to (4) 5 13 (2) 261 adjusted net income attributable to Invesco Ltd. Diluted EPS $0.58 Adjusted diluted EPS $0.61 Diluted Shares Outstanding Diluted Shares Outstanding Operating margin 27.7% Adjusted Operating Margin 41.4% 42
Invesco first quarter 2015 results
Invesco first quarter 2015 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer April 30, 2015 Forward-looking statements This presentation, and comments
More informationInvesco first quarter 2014 results
Invesco first quarter 2014 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer May 1, 2014 Forward-looking statements This presentation, and comments
More informationInvesco third quarter 2014 results
Invesco third quarter 2014 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer October 30, 2014 Forward-looking statements This presentation, and comments
More informationInvesco third quarter 2013 results
Invesco third quarter 2013 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer October 31, 2013 Forward-looking statements This presentation, and comments
More informationInvesco fourth quarter and full year 2017 results
Invesco fourth quarter and full year 2017 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer January 31, 2018 Forward-looking statements This presentation,
More informationInvesco third quarter 2017 results
Invesco third quarter 2017 results Martin L. Flanagan President and Chief Executive Officer Dan Draper Global Head of ETFs Loren M. Starr Chief Financial Officer October 26, 2017 Forward-looking statements
More informationBuilding value for clients and shareholders Third quarter 2018 results and the planned combination with OppenheimerFunds
Building value for clients and shareholders Third quarter 2018 results and the planned combination with OppenheimerFunds Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial
More informationInvesco Reports Results for the Year and Three Months Ended December 31, 2017
Press Release For immediate release Brandon Burke, Investor Relations Graham Galt, Media Relations 404-439-3468 404-439-3070 Invesco Reports Results for the Year and Three Months Ended December 31, 2017
More informationPress Release For immediate release Brandon Burke, Investor Relations Graham Galt, Media Relations 404-439-3468 404-439-3070 Invesco Reports Results for the Three Months Ended June 30, 2018 Operating margin
More informationInvesco first quarter 2018 results
Invesco first quarter 2018 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer April 26, 2018 Forward-looking statements This presentation, and comments
More informationPress Release For immediate release Brandon Burke, Investor Relations Graham Galt, Media Relations 404-439-3468 404-439-3070 Invesco Reports Results for the Three Months Ended March 31, 2018 Continued
More informationInvesco Reports Results for the Three Months and Year Ended December 31, 2018
Press Release For immediate release Brandon Burke, Investor Relations Graham Galt, Media Relations 404-439-3468 404-439-3070 Invesco Reports Results for the Three Months and Year Ended December 31, 2018
More informationInvesco. Morgan Stanley U.S. Financials Conference. Colin D. Meadows. Loren M. Starr. February 2, Senior Managing Director, CAO
Invesco Morgan Stanley U.S. Financials Conference Colin D. Meadows Senior Managing Director, CAO Loren M. Starr Senior Managing Director, CFO February 2, 2010 Forward-looking statements This presentation,
More informationSupplemental Information on the Disposition of Atlantic Trust
Supplemental Information on the Disposition of Atlantic Trust Loren M. Starr Chief Financial Officer April 11, 2013 Forward-looking statements This presentation, and comments made in the associated conference
More informationCommitment to investment excellence
Bank of America/Merrill Lynch Banking and Financial Services Conference Commitment to investment excellence Martin L. Flanagan President and Chief Executive Officer Invesco Ltd. November 15, 2011 All information
More informationInvesco Bank of America Merrill Lynch Banking and Financial Services Conference
Invesco Bank of America Merrill Lynch Banking and Financial Services Conference Colin D. Meadows Senior Managing Director, CAO Loren M. Starr Senior Managing Director, CFO November 11, 2009 Forward-looking
More informationFRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
More informationWe are dedicated to delivering an investment experience that helps people get more out of life
We are dedicated to delivering an investment experience that helps people get more out of life Q2 2017 This marketing document is exclusively for use by Professional Clients and Financial Advisers in Continental
More informationJ U P I T E R 2018 Interim Results
J U P I T E R 2018 Interim Results Introduction 1 Maintaining shareholder returns Delivering growth through investment excellence Net Management Fees Underlying Earnings per Share Net Sales Investment
More informationBlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted
Tom Wojcik, Investor Relations Brian Beades, Media Relations 212.810.8127 212.810.5596 BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted $80 billion of long-term net inflows,
More informationBlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted
Tom Wojcik, Investor Relations 212.810.8127 212.810.5596 Brian Beades, Media Relations BlackRock Reports First Quarter 2018 Diluted EPS of $6.68, or $6.70 as adjusted $55 billion of quarterly long-term
More informationArtisan Partners Asset Management Inc. Reports 2Q18 Results
Artisan Partners Asset Management Inc. Reports 2Q18 Results Milwaukee, WI - July 31, 2018 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the Company or Artisan Partners ) today reported its results
More informationFor personal use only
Janus Henderson Group plc reports fourth quarter 2018 diluted EPS of US$0.54, or US$0.59 on an adjusted basis Fourth quarter net income of US$106.8 million, and adjusted net income of US$117.5 million,
More informationBLACKROCK, INC. (Exact name of registrant as specified in its charter)
BLK 8-K 10/18/2016 Section 1: 8-K (FORM 8-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act
More informationBlackRock Reports Third Quarter 2017 Diluted EPS of $5.78, or $5.92 as adjusted
Tom Wojcik, Investor Relations Brian Beades, Media Relations 212.810.8127 212.810.5596 BlackRock Reports Third Quarter 2017 Diluted EPS of $5.78, or $5.92 as adjusted $96 billion of total net inflows in
More informationContact: Paul Audet
Contact: Paul Audet 212-409-3555 invrel@blackrock.com BlackRock, Inc. Reports 56% Increase in Net Income for the First Quarter to $55.2 Million, Diluted Earnings per Share of $0.84 and Assets Under Management
More informationBlackRock Reports Full Year 2017 Diluted EPS of $30.23, or $22.60 as adjusted Fourth Quarter 2017 Diluted EPS of $14.07, or $6.
Tom Wojcik, Investor Relations 212.810.8127 212.810.5596 Brian Beades, Media Relations BlackRock Reports Full Year 2017 Diluted EPS of $30.23, or $22.60 as adjusted Fourth Quarter 2017 Diluted EPS of $14.07,
More informationStrategic Update. James P. Gorman, Chairman and Chief Executive Officer January 18, 2018
Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 18, 2018 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such
More informationQ3 Fiscal 2018 Investor Overview
Q3 Fiscal 2018 Investor Overview Forward-Looking Statements Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements related to Valvoline
More informationJanus Henderson Group plc reports fourth quarter 2017 diluted EPS of US$2.32, or US$0.73 on an adjusted basis
6 February 2018 Janus Henderson Group plc reports fourth quarter diluted EPS of US$2.32, or US$0.73 on an adjusted basis Merger successfully completed in and integration proceeding ahead of expectations
More informationT. ROWE PRICE GROUP REPORTS FIRST QUARTER 2017 RESULTS
NEWS RELEASE T. ROWE PRICE GROUP REPORTS FIRST QUARTER 2017 RESULTS Assets Under Management Increase to $861.6 Billion BALTIMORE (April 25, 2017) - T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported
More informationPRUDENTIAL FINANCIAL, INC.
PRUDENTIAL FINANCIAL, INC. SECOND QUARTER 2018 EARNINGS CONFERENCE CALL PRESENTATION AUGUST 2, 2018 2Q18 EARNINGS CALL KEY MESSAGES Bringing financial opportunity to more customers Continue to attract
More informationCONSULTANT BRIEFING. New York City April 20, Chris Riley, Aon Hewitt John Molesphini, evestment Jerrod Stoller, evestment
CONSULTANT BRIEFING New York City April 20, 2017 Chris Riley, Aon Hewitt John Molesphini, evestment Jerrod Stoller, evestment Fee Pressure Low Yield 2016 BREXIT Market Volatility Active vs. Passive Presidential
More informationJanus Henderson Group 3Q17 results presentation
Janus Henderson Group 3Q17 results presentation Thursday 9 November 2017 Dick Weil and Andrew Formica Co-Chief Executive Officers Roger Thompson Chief Financial Officer 3Q17 results Business update Dick
More informationContact: Brian Beades
Contact: Brian Beades 212-810-5596 invrel@blackrock.com BlackRock Reports Diluted EPS of $1.28 Including Charges of $0.25 Associated with Merrill Lynch Investment Managers Merger Assets Under Management
More informationBlackRock, Inc. Reports 11% Increase in Net Income for Second Quarter; Assets Under Management Increase 15% to $286 Billion
Contact Paul L. Audet: (212) 409-3555 invrel@blackrock.com BlackRock, Inc. Reports 11% Increase in Net Income for Second Quarter; Assets Under Management Increase 15% to $286 Billion New York, July 15,
More informationT. ROWE PRICE GROUP REPORTS THIRD QUARTER 2017 RESULTS
NEWS RELEASE T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2017 RESULTS Assets Under Management Increase to $947.9 Billion BALTIMORE (October 26, 2017) - T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported
More informationJanus Henderson Group 4Q17 and FY17 results presentation
Janus Henderson Group 4Q17 and FY17 results presentation Tuesday 6 February 2018 Andrew Formica and Dick Weil Co-Chief Executive Officers Roger Thompson Chief Financial Officer Pro forma adjusted US GAAP
More informationForward Looking Statements
Third Quarter 2018 Results and Acquisition of USAA Asset Management Company November 7, 2018 Forward Looking Statements This presentation may contain forward-looking statements that are based on our beliefs
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationIGM FINANCIAL Scotiabank GBM Financials Summit. September 5, 2012
IGM FINANCIAL Scotiabank GBM Financials Summit September 5, 2012 Caution Concerning Forward Looking Statements Certain statements in this report other than statements of historical fact, are forward-looking
More informationForward Looking Statements
Fourth Quarter 2018 Earnings Presentation February 6, 2019 Forward Looking Statements This presentation may contain forward-looking statements that are based on our beliefs and assumptions and on information
More informationAon plc. First Quarter 2017 Results May 9, 2017
Aon plc First Quarter 2017 Results May 9, 2017 Greg Case Chief Executive Officer Christa Davies Chief Financial Officer 1 Safe Harbor Statement This communication contain certain statements related to
More informationMSCI. Raymond James 38 th Annual Institutional Investors Conference. Kathleen Winters, CFO. March 8, 2017
MSCI Raymond James 38 th Annual Institutional Investors Conference Kathleen Winters, CFO March 8, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD
More informationAon Reports Second Quarter 2017 Results
Investor Relations News from Aon Aon Reports Second Quarter Results Second Quarter Key Metrics From Continuing Operations Reported revenue increased 4 to $2.4 billion, with organic revenue growth of 3
More informationThird Quarter 2018 Earnings Review
Citi Investor Relations Third Quarter 2018 Earnings Review October 12, 2018 Overview Solid operating results in 3Q 18 Continued momentum in Institutional accrual businesses and strong results in Fixed
More information2013 full year results
203 full year results Wednesday 26 February 204 Andrew Formica Chief Executive Roger Thompson Chief Financial Officer 203 full year results Highlights Andrew Formica Chief Executive Key highlights over
More informationQ Earnings. November 2, 2016
Q4 2016 Earnings November 2, 2016 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationQ Earnings. Earnings Release Supplement. January 12, /13/ :27 AM BlackRock
7/13/ 10:27 AM BlackRock Earnings Earnings Release Supplement January 12, 2018 Equity 53% 51% 62% 32% 28% 48% 64% 6 Institutional Americas Fixed income Retail Index EMEA Multi-asset Alternatives Cash Asia-Pacific
More informationQ Earnings. April 26, 2017
Q2 2017 Earnings April 26, 2017 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationBlackRock Reports Full Year 2014 Diluted EPS of $19.25, or $19.34 as adjusted Fourth Quarter 2014 Diluted EPS of $4.77, or $4.
Tom Wojcik, Investor Relations 212.810.8127 212.810.5596 Brian Beades, Media Relations BlackRock Reports Full Year 2014 Diluted EPS of $19.25, or $19.34 as adjusted Fourth Quarter 2014 Diluted EPS of $4.77,
More informationFirst-Quarter 2018 Results. April 25, 2018
First-Quarter 2018 Results April 25, 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the mix
More informationResults and Review Half-Year August 2017
Results and Review Half-Year 2017 3 August 2017 Agenda H1 2017 Summary Alexander S. Friedman, Group CEO H1 2017 Financial Results Richard McNamara, Group CFO Strategy Update and Outlook Alexander S. Friedman,
More informationAon plc. First Quarter 2018 Results May 4, 2018
Aon plc First Quarter 2018 Results May 4, 2018 Greg Case Chief Executive Officer Christa Davies Chief Financial Officer 1 Safe Harbor Statement This communication contain certain statements related to
More informationVoya Financial Third Quarter 2014 Investor Presentation. November 5, 2014
Voya Financial Third Quarter 2014 Investor Presentation November 5, 2014 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationJIM MCCAUGHAN PRINCIPAL GLOBAL INVESTORS
JIM MCCAUGHAN at a glance Principal Global Investors Assets Under Management $271B By Asset Class Equity $90 Real Estate $47 Fixed Income $134 Serve clients in over 60 countries, including several major
More informationQ Earnings. Earnings Release Supplement. July 17, /13/ :27 AM BlackRock
7/13/ 10:27 AM BlackRock Earnings Earnings Release Supplement July 17, Equity 53% 51% 62% 32% 28% 48% 64% 65% Institutional Americas Fixed income Retail Index EMEA Multi-asset Alternatives Cash Asia-Pacific
More informationThird Quarter 2017 Earnings Review
Citi Investor Relations Third Quarter 2017 Earnings Review October 12, 2017 Overview 3Q 17 showed strong results and balanced performance across the franchise Revenue growth and positive operating leverage
More informationJANUS CAPITAL GROUP INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2014 RESULTS
JANUS CAPITAL GROUP INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2014 RESULTS January 22, 2015 DENVER Janus Capital Group Inc. ( JCG ) (NYSE: JNS) today reported fourth quarter net income of $46.7 million,
More informationMSCI THIRD QUARTER 2016
MSCI THIRD QUARTER 2016 Earnings Presentation October 27, 2016 2016 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD-LOOKING STATEMENTS Forward-Looking
More informationFourth Quarter and Full Year 2014 Results
Fourth Quarter and Full Year 2014 Results Presentation to Investors February 12, 2015 Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements
More informationMorningstar Management Behind the Moat Conference
Morningstar Management Behind the Moat Conference Tom Wojcik Head of Investor Relations and Corporate Development September 18, 2014 The opinions expressed are as of September 2014 and are subject to change
More informationQuarterly Update FY17 Fourth Quarter. November 9, 2017
Quarterly Update FY17 Fourth Quarter November 9, 2017 1 Johnson Controls plc. November 9, 2017 Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls
More informationSecond Quarter 2018 Earnings Teleconference. July 31, 2018
Second Quarter 2018 Earnings Teleconference July 31, 2018 CONTENTS Q2 2018 Summary 2018 Guidance Q2 2018 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information
More informationOMAM. Investor Presentation. Fourth Quarter 2014
OMAM Investor Presentation Fourth Quarter 2014 DISCLAIMER Forward Looking Statements This presentation may contain forward looking statements for the purposes of the safe harbor provision under the Private
More informationCohen & Steers: Q Earnings Presentation
Cohen & Steers: Q2 2018 Earnings Presentation Summary of Second Quarter Assets Under Management June 30, 2018 AUM was $60.2 billion versus $58.5 billion at March 31, 2018 Average AUM was $58.7 billion
More informationQ Earnings. July 20, 2016
Q3 2016 Earnings July 20, 2016 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S. Private
More informationQuarterly Financial Supplement 3Q 2018
Quarterly Financial Supplement 3Q 2018 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated
More informationArtisan Partners Asset Management Inc. Reports Quarter and Year Ended December 31, 2017 Results
Artisan Partners Asset Management Inc. Reports Quarter and Year Ended December 31, 2017 Results Milwaukee, WI February 6, 2018 Artisan Partners Asset Management Inc. (NYSE: APAM) (the Company or Artisan
More information2018 Half Year Results Six months to 31 March 2018
2018 Half Year Results Six months to 31 March 2018 Emilio Gonzalez CFA, Group Chief Executive Officer Cameron Williamson CA, Group Chief Financial Officer 10 May 2018 Welcome to Pendal Group s Interim
More informationRevised on January 27, 2017, to reflect revision to net flows sourced from the firm s target-date portfolios (page 2)
Revised on January 27, 2017, to reflect revision to net flows sourced from the firm s target-date portfolios (page 2) NEWS RELEASE T. ROWE PRICE GROUP REPORTS FOURTH QUARTER AND ANNUAL 2016 RESULTS Assets
More informationCredit Suisse 6 th Annual Industrials Conference November 2018
Credit Suisse 6 th Annual Industrials Conference November 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements
More informationInvestor Deck December 2018
Investor Deck December 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the mix of and demand
More informationRAYMOND JAMES FINANCIAL REPORTS FIRST QUARTER FISCAL YEAR 2019 RESULTS
January 23, 2019 FOR IMMEDIATE RELEASE Media Contact: Steve Hollister, 727.567.2824 Investor Contact: Paul Shoukry, 727.567.5133 raymondjames.com/news-and-media/press-releases RAYMOND JAMES FINANCIAL REPORTS
More informationLegg Mason Corporate Overview
Legg Mason Corporate Overview June 6, 2017 Brandywine Global Clarion Partners ClearBridge Investments EnTrustPermal Martin Currie QS Investors RARE Infrastructure Royce & Associates Western Asset For internal
More informationFiscal 2018 Fourth Quarter
Fiscal 2018 Fourth Quarter If you can read this Click on the icon to choose a Results picture or Reset the slide. To Reset: Right click on the slide thumbnail and select reset slide or choose the Reset
More informationQ Earnings. January 25, 2017
Q1 2017 Earnings January 25, 2017 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationGAMCO Investors, Inc. Reports First Quarter Results First Quarter Earnings of $0.88 per diluted share vs. $0.91 Average AUM at $37.
One Corporate Center Rye, NY 10580-1422 t 914.921.3700 GABELLI.COM For Immediate Release: Contact: Douglas R. Jamieson President and Chief Operating Officer (914) 921-5020 GAMCO Investors, Inc. Reports
More informationPRUDENTIAL FINANCIAL, INC. THIRD QUARTER 2018
PRUDENTIAL FINANCIAL, INC. THIRD QUARTER 2018 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Certain of the statements included in this presentation, including those under the headings Key Priorities
More informationQuarterly Update FY16 Fourth Quarter. November 8, 2016
Quarterly Update FY16 Fourth Quarter November 8, 2016 Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls International plc has made statements
More informationJanus Henderson Group plc reports first quarter 2018 diluted EPS of US$0.82, or US$0.71 on an adjusted basis
Janus Henderson Group plc reports first quarter 2018 diluted EPS of US$0.82, or US$0.71 on an adjusted basis Strong investment performance across all time periods, with 79%, 68% and 84% of assets under
More informationQ Earnings. April 20, 2016
Q2 2016 Earnings April 20, 2016 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationThird Quarter 2018 Earnings Teleconference. October 30, 2018
Third Quarter 2018 Earnings Teleconference October 30, 2018 CONTENTS Q3 2018 Summary 2018 Guidance Q3 2018 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information
More informationCitigroup Financial Services Conference
Citigroup Financial Services Conference Walid A. Chammah, Co-President James P. Gorman, Co-President Colm Kelleher, Chief Financial Officer January 29, 2008 Notice The information provided herein may include
More informationQuarterly Financial Supplement 4Q 2018
Quarterly Financial Supplement 4Q 2018 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated
More informationForward Looking Statements
Second Quarter 2018 Earnings Presentation August 7, 2018 Forward Looking Statements This presentation may contain forward-looking statements that are based on our beliefs and assumptions and on information
More informationMorgan Stanley Financials Conference June 12, George R. Aylward President and Chief Executive Officer
Morgan Stanley Financials Conference June 12, 2018 George R. Aylward President and Chief Executive Officer IMPORTANT DISCLOSURES This presentation contains statements that are, or may be considered to
More informationQ Earnings. October 28, 2015
Q4 2015 Earnings October 28, 2015 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More informationPiper Jaffray Companies Reports Second Quarter 2018 Results
Piper Jaffray Companies Reports Second Quarter 2018 Results MINNEAPOLIS July 27, 2018 Piper Jaffray Companies (NYSE: PJC) today announced its results for the second quarter ended June 30, 2018. "Revenues
More informationConnecting Our Clients to Global Investment Opportunities
Connecting Our Clients to Global Investment Opportunities Connecting Clients to Investment Opportunities Our Mission 1 The HSBC Group is one of the world s largest financial services organisations, with
More informationVoya Financial. Third Quarter 2017 Investor Presentation. November 1, 2017
Voya Financial Third Quarter 2017 Investor Presentation November 1, 2017 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationRaub Brock Capital Management, LP Verification and Raub Brock Dividend Growth Portfolio Composite Performance Examination Report.
Raub Brock Capital Management, LP Verification and Raub Brock Dividend Growth Portfolio Composite Performance Examination Report December 31, 2017 Verification and Performance Examination Report Mr. Richard
More informationQ SHAREHOLDERS REPORT SUN LIFE FINANCIAL INC. For the period ended March 31, sunlife.com
Q1 2018 SHAREHOLDERS REPORT SUN LIFE FINANCIAL INC. For the period ended March 31, 2018 sunlife.com CANADIAN RESIDENTS PARTICIPATING IN THE SHARE ACCOUNT Shareholders holding shares in the Canadian Share
More informationQ Earnings. July 26, 2017
Q3 2017 Earnings July 26, 2017 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S. Private
More informationFourth Quarter 2017 Earnings Review
Citi Investor Relations On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018, due to an updated
More informationCiti 2017 Asset Management, Broker Dealer & Market Structure Conference
Citi 2017 Asset Management, Broker Dealer & Market Structure Conference March 1, 2017 Joseph A. Sullivan Chairman & Chief Executive Officer Brandywine Global Clarion Partners ClearBridge Investments EnTrustPermal
More informationD E L I V E R I N G Half Year Results JUPITER FUND MANAGEMENT PLC
D E L I V E R I N G 2015 Half Year Results 2015 HALF YEAR RESULTS 1 Highlights Executing our strategy Improved investment performance Continued organic flow growth from core mutual fund franchise 1.4bn
More informationPRUDENTIAL FINANCIAL, INC. FOURTH QUARTER 2018
PRUDENTIAL FINANCIAL, INC. FOURTH QUARTER 2018 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Certain of the statements included in this presentation, including those under the headings Key Priorities
More informationDevelopment of the Client-Focused, Capital-Efficient Business Model
Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the UBS Financial Services Conference, New York, May 12, 2010 Cautionary statement
More informationSchroders Q1 results. Data Pack. trusted heritage advanced thinking
Schroders 2011 Q1 results trusted heritage advanced thinking Data Pack Contents Page Funds under management (FUM) 2 FUM by client domicile 3 Currency profile of FUM 4 FUM diversification 5 Asset Management
More information