D E L I V E R I N G G R O W T H Half Year Results
|
|
- Claud Wright
- 5 years ago
- Views:
Transcription
1 D E L I V E R I N G G R O W T H 2017 Half Year Results
2 2017 HALF YEAR RESULTS so far Delivering growth through investment outperformance Client focus: delivering value through investment performance and transparency Delivered outperformance after fees Performance Improved 3 year investment performance to 81% (YE 2016: 75%) Strong business momentum Inflows Net flows of 3.6bn 19% increase in net management fees Financial delivery Diversification strategy Continued development of new products and geographies Consistent flow through of earnings to shareholder returns
3 2017 HALF YEAR RESULTS 2 Financial highlights Strong financial performance from successful asset gathering Measure H H Change Net management fees 156.5m 186.5m +19% Net revenue 170.0m 195.4m +15% Net management fees margin 88bps 86bps Underlying profit before tax* 82.5m 94.8m +15% Underlying EPS 14.4p 16.7p +16% Interim dividend 4.5p 6.8p +51% Adjusted cost / income ratio** 55% 54% * Underlying profit before tax = profit before tax excluding amortisation arising from acquisitions and non-recurring items **Adjusted cost / income ratio = administrative expenses / net management fees
4 2017 HALF YEAR RESULTS 3 Revenues Organic growth in net management fees of 19% Net revenue Net revenue ( million) million H1 16 H1 17 % +/- Net management fees % Net initial charges Of which box profits Performance fees Net revenue % Net management fees Performance fees Net initial charges Strong growth in management fees Box profits will cease during Performance fees of 0.8m crystallised during the period. The equivalent in H was 5.7m H1 15 H2 15 H1 16 H2 16 H1 17
5 2017 HALF YEAR RESULTS 4 Net management fee margins Key driver remains growth of fixed income business Business mix bps H1 14 H2 14 H1 15 H2 15 H1 16 H2 16 H1 17 Margin* Net management fee margin in the first half of the year is in line with guidance H1 17 decrease is as a result of continued positive business momentum in the lower margin fixed income strategy Limited decline in net management fee margin in 2016 due to the introduction of the SICAV Aggregate Operating Fee Guidance that ongoing margins are to decline by 1-2 bps per annum over the longer term remains in place * Based on average assets in each period using a 7 point basis, adjusted for the number of days in the period
6 35% 30% 25% 20% 15% 10% 5% HALF YEAR RESULTS 5 Fixed costs Investing alongside growth Fixed costs Fixed costs ( million) and % of net management fees million H1 16 H1 17 % +/- H2 16 Fixed staff costs % 35% 35% 34% Other expenses Fixed costs % 61.0 Increase in fixed costs from H1 2016: Higher transaction costs directly linked to increased AUM and dealing volumes ( 3.1m) 31% Investment across the business in people to drive and support growth ( 3.6m) Fixed costs as a proportion of revenues are stable in a period of investment Research costs to be added in 2018 (2016: 5m) H1 15 H2 15 H1 16 H2 16 H1 17 Transaction costs Non-staff costs Fixed staff costs % of net management fees
7 2017 HALF YEAR RESULTS 6 Fixed costs Progression in fixed costs driven by business activity; continued focus on cost discipline Fixed cost progression from H to H ( million) H Transaction costs linked to higher AUM Investment for growth Other H1 2017
8 2017 HALF YEAR RESULTS 7 Variable staff costs In line with guidance Variable staff costs Variable staff costs ( million) and comp ratio* million H1 16 H Cash bonus Deferred bonus LTIP, SAYE and SIP Variable staff costs Variable compensation ratio * 28% 29% Total compensation ratio ** 33% 33% Consistent underlying compensation ratios The introduction of the Apprenticeship Levy in H has added 0.4m to variable costs H1 15 H2 15 H1 16 H2 16 H1 17 Other variable compensation*** Cash bonus Comp ratio (%) * Variable staff costs as a proportion of operating earnings plus variable staff costs ** Total staff costs as a proportion of net revenue *** Other variable compensation = Apprenticeship Levy + deferred bonus costs + LTIP costs + SIP costs + SAYE costs
9 2017 HALF YEAR RESULTS 8 Earnings Operating margins maintained and healthy returns to shareholders Growth in earnings Dividend progression (pence per share) Underlying PBT ( million) 95 Return of private client proceeds Special Final Interim H1 15 H2 15 H1 16 H2 16 H H1 17 Further rebalancing of ordinary dividends towards interim
10 2017 HALF YEAR RESULTS 9 Resilient balance sheet Robust post-dividend liquidity and regulatory capital positions Liquidity ( million) Regulatory capital ( million) Dividends Compensation round 'Core' cash million H Ordinary shareholder funds 583 Less: goodwill and illiquid assets * (372) Tangible capital 211 Less: provision for dividend (64) Qualifying capital 147 Estimated requirement (55) Indicative surplus Consistent cash generation supports our liquidity management model H1 15 H2 15 H1 16 H2 16 H1 17 Maintaining a comfortable surplus over regulatory requirements *Including adjustments for deferred tax, prepayments and fixed assets
11 2017 HALF YEAR RESULTS 10 Delivering growth through investment excellence Deliver outperformance after fees to our clients Sell this expertise through products suited to our distribution strengths Deliver attractive returns to shareholders
12 2017 HALF YEAR RESULTS 11 Highlights Delivering growth through investment excellence Investment Performance 3 year mutual fund performance Net Sales Net Management Fees Underlying Earnings per Share Up 6% to 81% Up 3.0bn to 3.6bn Up 19% to 186.5m Up 16% to 16.7p (Dec 2016: 75%*) (2016 H1: 0.6bn) (2016 H1: 156.5m) (2016 H1: 14.4p) AUM up 16% to 46.9bn *See footnote on page 12 regarding restated prior year performance measure
13 2017 HALF YEAR RESULTS 12 Performance numbers Delivering performance after fees for our clients is at the core of what we do Three year mutual fund performance Commentary 13% 6% Long-term track record maintained 81% of AUM in mutual funds above median over three years (YE 2016: 75%*) 16% 17% 39% 22% 22% 65% Excellent segregated mandate and investment trust performance 79% of AUM in segregated mandates are above benchmark 70% of AUM in investment trusts are above benchmark 1st quartile 2nd quartile 3rd quartile 4th quartile Source: Jupiter Portfolio Analytics as at 30 June 2017: pie chart in centre = performance weighted by number of funds; ring around pie chart = performance weighted by AUM *Prior year comparative has been restated from 66% to reflect an update in our internal investment performance methodology which has also increased our AUM coverage of the measure
14 2017 HALF YEAR RESULTS 13 Two more funds exceeding the 1bn mark Three year investment performance in key funds AUM at Jun 16 AUM at Dec 16 AUM at Jun 17 4 th quartile 3 rd quartile 2 nd quartile 1 st quartile Dynamic Bond* 4,957m 6,209m 9,090m European 3,726m 3,780m 4,306m Strategic Bond 2,910m 3,407m 3,708m Merlin Income 3,554m 3,169m 3,049m Income Trust 1,921m 2,283m 2,395m Merlin Growth 1,836m 1,961m 1,944m European Growth* 1,957m 1,655m 1,891m UK Special Sits 1,299m 1,525m 1,716m Merlin Balanced 1,544m 1,655m 1,704m UK Growth 1,370m 1,446m 1,400m Absolute Return + 361m 763m 1,212m India + 450m 634m 1,029m Source: Jupiter Portfolio Analytics as at 30 June 2017 Equities Fixed income Multi-asset Graph shows position within the sector on a percentile basis, performance stated after all fees The bars in the graph show our current quartile ranking and the clear bars show our position as at 31 December 2016 * SICAV products + Funds reaching over 1bn in H1 2017
15 2017 HALF YEAR RESULTS 14 Further growth opportunities Developing products to drive future growth Distribution unit trust (AUM in million) UK Smaller Companies (AUM in million) 1, Jun 14 Jun 15 Jun 16 Jun Jun 14 Jun 15 Jun 16 Jun 17 GEM Equity Strategy (AUM in million) India Select SICAV (AUM in million) 3,000 2,500 2,000 1,500 1, Jun 14 Jun 15 Jun 16 Jun Jun 14 Jun 15 Jun 16 Jun 17 Note: The GEM strategy is comprised of the following funds: Asian Pacific Income/Asian Income, Asian, China/China Select, Emerging European Opportunities/New Europe, Global Emerging Markets/ Global Emerging Markets Equity Unconstrained, India/India Select, Emirates Emerging Markets Equity Fund, Omnis Portfolio Investments ICVC, Taishin IT and Emerging & Frontier Income Trust PLC.
16 2017 HALF YEAR RESULTS 15 Diversification by client and geography International diversification into Italy and Iberia already delivering growth Italy office Iberia office Milan Opened June local employees AUM: 1.3bn Madrid Opened September local employees AUM: 1.3bn
17 2017 HALF YEAR RESULTS 16 Key fund progression over the past 5 years (funds over 1bn AUM) Successful strategy of diversification June funds over 1bn 11.0bn gross AUM 43% of total AUM June funds over 1bn 33.4bn gross AUM 68% of total AUM
18 2017 HALF YEAR RESULTS 17 Mutual fund focus Consistent organic flow growth Cumulative net mutual fund flows ( bn) Focused mutual fund provider, with a track record of generating consistent net inflows across the cycle 10.2bn cumulative mutual fund inflows over past five years Organic growth of 6% p.a. over the past five years Targeted diversification by product, client type and geography Q3 12 Q4 Q1 13 Q2 Q3 Q4 Q1 14 Q2 Q3 Q4 Q1 15 Q2 Q3 Q4 Q1 16 Q2 Q3 Q4 Q1 17 Q2
19 2017 HALF YEAR RESULTS 18 Growth in AUM since 2012 Benefits of our focus on outperformance Movement in AUM ( billion) 50 AUM up 78% to 46.9bn, with healthy underlying organic flow growth (0.4) 0.2 (2.1) Mutual fund net inflows of 9.4bn across a range of markets; significant international contribution Dec-12 Mutual Funds Segregated Mandates Investment Trusts Private Clients Markets / Investment Alpha Jun bn driven by investment outperformance, underlying market growth and foreign exchange movements on nonsterling assets
20 2017 HALF YEAR RESULTS 19 Diversification of our product range Increase in fixed income and European equities within our broader growth Split of AUM by asset class 24.4bn 46.9bn Over 5 years, evolution and diversification are constant themes as we continually adapt to investor needs Demand for unconstrained fixed income and the performance of our European equities has helped create a more diversified business AUM in the GEM Equity strategy has grown to over 2.6bn During H1 2017: Asian Income funds reached over 0.5bn of AUM Dec-12 Jun-17 Multi-asset UK equities European equities Fixed income Other Absolute Return SICAV ( 0.1bn) complementing the success in the UT (2017 net flows of 0.6bn). Total AUM in the Absolute Return strategy is now 1.3bn Continued investment in increasing the breadth and depth of our talent pool Numbers exclude private clients AUM throughout
21 2017 HALF YEAR RESULTS 20 Continued diversification across our capabilities Maximise our future growth potential Managing our capabilities Build and develop our capability in multi-asset, alternatives, equity and fixed income Build & develop Outcomeoriented multi-asset Alternatives Equity specialties Fixed income specialties Maximise the additional prospects of prior investments which are core to our near term growth Continue to grow Absolute return Fixed income unconstrained Manage the further success of our longer standing capabilities to help mitigate their redemption risk to our growth Sustain success Key Multi-asset products Equity products Active equity Multimanager Alternative products Fixed income products
22 2017 HALF YEAR RESULTS 21 Change in the regulatory and political landscape Navigating our way through continuous change Current list of drivers FCA Market Study UCITS V MiFID II SM&CR Brexit Our response Removal of box profits in 2018 Bringing research costs onto the P&L MiFID II implementation on track Focus on data governance Continued platform investment
23 2017 HALF YEAR RESULTS 22 In summary Delivering growth through investment excellence Both our scale and our breadth of capabilities have increased substantially in the last five years Increased business resilience from continued diversification through product, client type and geography Clear organic growth strategy leaves us well equipped for the future Creating value for clients through the delivery of excellent active returns Maintaining a culture of accountability, high performance and independent thinking Delivering earnings growth and progressive shareholder returns
24 2017 HALF YEAR RESULTS 23 Q&A
25 Forward-looking statements This presentation may contain certain forward-looking statements with respect to certain plans of Jupiter Fund Management plc (Jupiter) and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words believes, intends, expects, plans, seeks and anticipates, and words of similar meaning, are forward looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Jupiter s control including, among other things, UK domestic and global economic and business conditions; market-related risks such as fluctuations in interest rates and exchange rates, and the performance of financial markets generally; the policies and actions of regulatory authorities; the impact of competition, inflation and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Jupiter and its affiliates operate. As a result, Jupiter s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in Jupiter s forward-looking statements. Jupiter undertakes no obligation to update the forward-looking statements contained in this presentation or any other forward-looking statements it may make. Nothing in this presentation should be considered as a profit forecast.
J 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 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 informationD ATA PA C K Full Year Results JUPITER FUND MANAGEMENT PLC
D ATA PA C K 2017 Full Year Results JUPITER FUND MANAGEMENT PLC 2017 FULL YEAR RESULTS 1 Contents Overview of Jupiter AUM Page 2 Investment performance Page 3 AUM by investment strategy Page 5 AUM and
More informationD ATA PA C K Full Year Results JUPITER FUND MANAGEMENT PLC
D ATA PA C K 2015 Full Year Results 2015 FULL YEAR RESULTS 1 Contents Overview of Jupiter Page 2 Investment performance Page 3 AUM by investment strategy Page 5 AUM and flows Page 6 Summary P&L Page 9
More informationSix months ended 30 June Assets under management ( bn) Net inflows ( bn) Profit before tax ( m)
Interim Report and Accounts Highlights 26 July 2017 81% of assets under management performing above median after all fees Strong flow growth from our core mutual fund franchise, with net mutual fund inflows
More informationSchroders Interim Results. Michael Dobson Chief Executive. 5 August trusted heritage advanced thinking
Schroders 200 Interim Results trusted heritage advanced thinking Michael Dobson Chief Executive 5 August 200 H 200 overview Net new business 6.bn (H 2009:.8bn) Funds under management 64.0bn (3 Dec 2009:
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 informationSix months ended 30 June Assets under management (AUM) ( bn) Net (outflows)/inflows ( bn) (2.3)
Interim Report and Accounts Highlights 27 July 2018 80% of mutual fund assets under management outperforming the median over three years Net fund outflows of 2.3bn Assets under management down 4% to 48.2bn
More informationSix months ended 30 June 2016 (unaudited) Year ended 31 December 2015 Assets under management ( bn) Net inflows ( bn)
Interim Report and Accounts Highlights 27 July 2016 Continued organic flow growth from our core mutual fund franchise, with net mutual fund inflows of 0.4bn Assets under management increased to 37.0bn
More information23 February All information in unless otherwise stated
Andrew Formica Shirley Garrood Chief Executive Chief Financial Officer 23 February 2011 All information in unless otherwise stated Andrew Formica Chief Executive 1 FY10 overview Improved equity markets
More informationStrategic investment with strong cost discipline
Business and financial review Strategic investment with strong cost discipline 2017 has been another successful year for Schroders, as we delivered record pre-tax and exceptionals profits of 800.3 million,
More informationOur mission is to be a trusted global asset manager focused on delivering excellent performance and service to our clients. Henderson s Mission
Andrew Formica Chief Executive 0 Henderson s Mission Our mission is to be a trusted global asset manager focused on delivering excellent performance and service to our clients 1 1 Establishing a platform
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 informationInterim results August 2018
Quil t er Basic r B and Guidelines Our b r and a ss ets 1 Interim results 2018 8 August 2018 Disclaimer This presentation should be read in conjunction with the RNS announcement published by Quilter plc
More informationResults Presentation December 2013
Results Presentation December 2013 Tim Woolley (CEO) John Mansell (COO) This presentation is for one-on-one use with non-us professional investors only www.polarcapital.co.uk Contents Section I Business
More informationMITON GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018
MITON GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 ( MAR ).
More informationJUPITER. Annual Report and Accounts 2017 JUPITER FUND MANAGEMENT PLC. On the planet to perform
JUPITER Annual Report and Accounts JUPITER FUND MANAGEMENT PLC On the planet to perform WHAT WE ARE HERE TO DO Jupiter s purpose is to help investors meet their long-term investment objectives. WHAT WE
More information1H16 interim results. Thursday 28 July Andrew Formica Chief Executive. Roger Thompson Chief Financial Officer
1H16 interim results Thursday 28 July 2016 Andrew Formica Chief Executive Roger Thompson Chief Financial Officer Agenda 1H16 overview EU referendum update 1H16 financial results Strategy and outlook 2
More informationAshmore Group plc. Results for six months ending 31 December February
Ashmore Group plc Results for six months ending 31 December 2018 14 February 2019 www.ashmoregroup.com Overview Business model continues to deliver Strong investment performance 97% AuM outperforming over
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 informationAshmore Group plc. Results for year ending 30 June September
Ashmore Group plc Results for year ending 30 June 2018 7 September 2018 www.ashmoregroup.com Overview Strong operating and financial performance Active investment continues to produce outperformance (94%
More informationMan Group plc. Interim report for the six months ended 30 June 2018
Man Group plc Interim report for the six months ended 30 June 2018 INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 Key points Funds under management (FUM) 1 of $113.7 billion (31 December 2017: $109.1
More informationABERDEEN ASSET MANAGEMENT PLC RESULTS FOR THE YEAR TO 30 SEPTEMBER 2011 (AUDITED)
A ABERDEEN ASSET MANAGEMENT PLC RESULTS FOR THE YEAR TO 30 SEPTEMBER 2011 (AUDITED) Highlights 44% increase in underlying profit before tax to 301.9 million (2010: 210.0 million) Underlying earnings per
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 informationFocus on fee business driving growth and performance
Focus on fee business driving growth and performance This presentation may contain certain forward-looking statements with respect to certain of Standard Life's plans and its current goals and expectations
More informationBroader diversification, the road to full service
Broader diversification, the road to full service Aberdeen Asset Management PLC Interim Report and Accounts 2017 Highlights Dividend per share 7.5p 10.0 11.25 12.0 12.0 6.0 6.75 7.5 7.5 7.5 2013 2014
More informationJanus Henderson Group 4Q18 and FY18 results presentation
Janus Henderson Group and FY18 results presentation Tuesday 5 February 2019 Dick Weil Chief Executive Officer Roger Thompson Chief Financial Officer and FY18 results presentation 2018 achievements and
More informationRetail: Competing in the New World J.P. Morgan UK Financials Conference Wednesday, 8 December 2010
Retail: Competing in the New World J.P. Morgan UK Financials Conference Wednesday, 8 December 2010 James Cardew Global Head of Marketing Schroders plc Agenda Schroders Global business Schroders UK intermediary
More informationGrowing revenue and financial discipline driving profit and returns to shareholders
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS DOCUMENT
More informationAshmore Group plc. Results for six months ending 31 December February
Ashmore Group plc Results for six months ending 31 December 2017 8 February 2018 www.ashmoregroup.com Overview Accelerating growth and outperformance across Emerging Markets GDP growth driven by exports,
More informationBrunel: an overview for fund managers
DATE Brunel: an overview for fund managers Brunel Pension Partnership Ltd Contents Our values Our investment principles Investment views Investment approach Search processes Fund structures, costs Responsible
More informationMiton Group plc. Final Results for the year ended 31 December 2014
S Miton Group plc Final Results for the year ended 31 December 2014 Ian Dighé, Chairman Gervais Williams, Managing Director Robert Clarke, Finance Director 30 March 2015 Agenda 1. Miton as of today 2.
More informationDelivering sustainable global growth
Delivering sustainable global growth Strong flows and investment performance driving profit Colin Clark Executive Director, Standard Life Investments This presentation may contain certain forward-looking
More informationHenderson Group plc. ASX Appendix 4E Preliminary Final Report. For the year ended 31 December Henderson Group plc
ASX Appendix 4E Preliminary Final Report The information contained in this document should be read in conjunction with the (the Company) Full Annual Financial Report and Accounts for the year ended 31
More informationSustainable Growth. The Composite Model: Flexibility Strength Resilience Balance Preliminary Results
Sustainable Growth The Composite Model: Flexibility Strength Resilience Balance 2005 Preliminary Results 2 March Aviva 2006 plc 1 Agenda Introduction Financial review Review of the business Richard Harvey
More informationJUPITER FUND MANAGEMENT PLC. Annual Report and Accounts 2015 JUPITER. On the planet to perform
JUPITER Annual Report and Accounts JUPITER FUND MANAGEMENT PLC On the planet to perform Contents What s inside this report Strategic report 1 Highlights 2 Chairman s and Chief Executive s review 4 Jupiter
More informationM&G Investments. Michael McLintock and Grant Speirs
M&G Investments Michael McLintock and Grant Speirs Agenda M&G Group strategic overview Michael McLintock M&G s results and the industry Grant Speirs Business outlook and summary Michael McLintock 2 About
More informationDelivering on our Commitments Today and Tomorrow. Investor Presentation
Delivering on our Commitments Today and Tomorrow Investor Presentation CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This document may contain forward-looking statements. Forward-looking statements
More informationStandard Life plc Full year results February 2015
Standard Life plc Full year results 2014 20 February 2015 Increased focus on fee business driving growth and performance Assets under administration from continuing operations increased by 38% to 296.6bn,
More informationM&G OVERVIEW. Michael McLintock, Chief Executive, M&G
M&G OVERVIEW Michael McLintock, Chief Executive, M&G DRIVERS OF FUND MANAGEMENT VALUE A relatively simple business Investment performance 41% of M&G funds top quartile over last 3 years 24% of M&G s equity
More informationINTERIM RESULTS PRESENTATION SIX MONTHS TO 30 JUNE 2018
INTERIM RESULTS PRESENTATION SIX MONTHS TO 30 JUNE 2018 DISCLAIMER The information contained in this presentation has not been independently verified and this presentation contains various forward-looking
More informationAshmore Group plc. December Investor presentation.
Ashmore Group plc Investor presentation December 2018 www.ashmoregroup.com A specialist active manager of Emerging Markets assets EMERGING MARKETS FUNDAMENTALS UNDERPIN LONG-TERM GROWTH EM accounts for
More informationIntroduction to Henderson Group
Andrew Formica Shirley Garrood Chief Executive Chief Financial Officer March 212 Introduction to Henderson Group One of Europe s largest independent pureplay investment managers Over 75 years of investment
More informationHalf Year Results Standard Life plc Analyst and Investor presentation
Half Year Results 2013 Standard Life plc Analyst and Investor presentation Half Year Results 2013 Record flows driving strong growth in revenue David Nish Chief Executive This presentation may contain
More informationHalf Year Results Standard Life plc Analyst and Investor Presentation
Half Year Results 2011 Standard Life plc Analyst and Investor Presentation Disclaimer This presentation may contain certain forwardlooking statements with respect to certain of Standard Life's plans and
More informationSavills plc. Results for the six months ended 30 th June August 2017
Savills plc Results for the six months ended 30 th June 2017 10 August 2017 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial
More informationGrowth in a low return world
Growth in a low return world Morgan Stanley European financials conference Massimo Tosato Executive Vice-Chairman 19 March 2013 Performance 2012 Investing for long-term growth Investment performance: 71%
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 informationMark FitzPatrick. Group
Mark FitzPatrick Group 3Q17 YTD financial highlights Sustained momentum and resilience Life new business profit 1 Asset management external net flows 2 Group external assets under management 2,3 Solvency
More informationABERDEEN ASSET MANAGEMENT PLC RESULTS FOR THE YEAR TO 30 SEPTEMBER 2014 (AUDITED)
ABERDEEN ASSET MANAGEMENT PLC RESULTS FOR THE YEAR TO 30 SEPTEMBER 2014 (AUDITED) Highlights Net revenue 4% higher at 1,117.6 million (2013: 1,078.5 million) Underlying profit before tax increased by 2%
More informationJupiter Fund Management plc. Half Yearly Report 2011
Jupiter Fund Management plc Half Yearly Report 2011 Half Yearly Report 2011 Contents Contents 04-05 Introduction 07-10 Business review 12-29 Financial statements 12. Consolidated income statement 13. Consolidated
More informationPress Schro. oders. 2 August Half-year. results to. Contacts: Net inflows. 2.7 billion. Schroders. ions. William Clutterbuck
Press s Releasee Schro oders plc Half-year results to 2012 (unaudited) 2 August 2012 Profit before tax 177..4 million (H1 : 215.7 million) Earnings per share 50.7 pence per share (H1 : 60.7 pence per share)
More information2016 full year results
206 full year results Thursday 9 February 207 Andrew Formica Chief Executive Roger Thompson Chief Financial Officer Agenda 206 headlines Andrew Formica 206 financial results Roger Thompson Merger update
More informationFull year results presentation. 22 May 2018
Full year results presentation 22 May 2018 Operational highlights Fundraising and capital deployment at record levels 2 Total AUM up 20% to 28.7bn, with 7.8bn of new money raised Fundraising driven by
More informationLIONTRUST ASSET MANAGEMENT PLC FULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2015
Embargoed until 0700 hours, Thursday 18 June 2015 LIONTRUST ASSET MANAGEMENT PLC FULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2015 Liontrust Asset Management PLC ( Liontrust, the Company, or the Group
More informationFor personal use only
Wilsons Rapid Insights Conference presentation Amber Stoney, CFO 10 November 2016 The numbers in this presentation have been presented in US dollars (USD), unless otherwise indicated. Who we are We take
More informationSavills plc: Results for the year ended 31 December 2016
Savills plc: Results for the year ended 31 December 216 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition, results
More informationROYAL LONDON 2018 INTERIM FINANCIAL RESULTS
ROYAL LONDON 2018 INTERIM FINANCIAL RESULTS Tim Harris 16 August 2018 FORWARD LOOKING STATEMENT This document should be read in conjunction with Royal London s Interim Financial Results Press Release for
More informationSavills plc. Results for the year ended 31 December March 2018
Savills plc Results for the year ended 31 December 2017 15 March 2018 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition,
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 informationMedia Release 2 September H 2009 INTERIM RESULTS
Media Release 2 September 2009 1H 2009 INTERIM RESULTS CONTINUING POSITIVE PERFORMANCE; HEDGE-FUND ENVIRONMENT IMPROVING FURTHER Gottex Fund Management Holdings Limited, a leading independent global alternative
More informationEASTSPRING INVESTMENTS
EASTSPRING INVESTMENTS GUY STRAPP, CHIEF EXECUTIVE MICHELE BANG, DEPUTY CHIEF EXECUTIVE eastspring.com eastspring.com NET FLOWS RECORD NET FLOWS IN 2014 Eastspring s External Client Net Flows, ex-mmf bn
More informationAshmore Group plc. March Investor presentation.
Ashmore Group plc Investor presentation March 2019 www.ashmoregroup.com A specialist active manager of Emerging Markets assets EMERGING MARKETS FUNDAMENTALS UNDERPIN LONG-TERM GROWTH EM accounts for majority
More informationKey Features. (incorporating the Simplified Prospectus) and Terms & Conditions for Jupiter s Unit Trusts and Individual Savings Accounts
Key Features (incorporating the Simplified Prospectus) and Terms & Conditions for Jupiter s Unit Trusts and Individual Savings Accounts September 211 The Financial Services Authority is the independent
More informationGAM reports underlying net profit of CHF 81.2 million for the first half of 2015 and net new money inflows of CHF 6.3 billion
Press Release GAM reports underlying net profit of CHF 81.2 million for the first half of 2015 and net new money inflows of CHF 6.3 billion Zurich, 11 August 2015 Underlying net profit of CHF 81.2 million,
More information31 March 2018 Audited Preliminary Results. 6 June 2018
31 March 2018 Audited Preliminary Results 6 June 2018 1 Presentation Team Euan Fraser Chief Executive Officer Stuart McNulty UK Chief Executive Officer John Paton Chief Financial Officer Has led Alpha
More informationAMSTERDAM - NEW YORK - SINGAPORE - CLUJ
Analyst presentation Q2 2016 earnings AMSTERDAM - NEW YORK - SINGAPORE - CLUJ Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained
More informationAnalyst Presentation October 2016
This document is intended for information purposes only for Man Group plc shareholders and is not an invitation or inducement to invest in any investment products mentioned herein Analyst Presentation
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 informationMichael McLintock, Will Nott, Simon Pilcher and Grant Speirs
M&G Overview & Performance Michael McLintock, Will Nott, Simon Pilcher and Grant Speirs 1 M&G Agenda g M&G Group overview Michael McLintock M&G Retail Will Nott M&G Fixed Income Simon Pilcher M&G Group
More informationHalf Year Results. 27 August 2010
Half Year Results 27 August 2010 Agenda Introduction - Ron Sandler, Chairman Business review - Jonathan Moss, Group Chief Executive Financial results - Jonathan Yates, Group Finance Director Summary -
More informationGAM Holding AG 2017 underlying pre-tax profit CHF million
1 March 2018 PRESS RELEASE GAM Holding AG 2017 underlying pre-tax profit CHF 172.5 million Underlying profit before taxes 44% higher than in 2016, largely due to increase in net fee and commission income;
More informationDeeper Perspectives. DGFs new tactical opportunities emerge
Number 42 January 2017 A regular analysis of strategic issues in the institutional investment business Deeper Perspectives DGFs new tactical opportunities emerge Most new growth in assets for DGF providers
More informationSettlement of legal proceedings Results highlights Rathbone Unit Trust Management Chief executive s business review Conclusion Appendices
Settlement of legal proceedings Results highlights Rathbone Unit Trust Management Chief executive s business review Conclusion Appendices 2 Underlying¹ profit before tax + 13.4% Rate of total net growth
More informationClose Brothers Asset Management. Investor seminar
Close Brothers Asset Management Investor seminar 4 December 218 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forward-looking statements in
More informationFor personal use only
HFA Holdings Limited For the six months ended 31 December 2015 ASX Appendix 4D Results for announcement to the market (all comparisons to the six months ended 31 December 2014) Amounts in USD 000 31 December
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 informationACCESS MORE ALTERNATIVE INVESTING - THE NEW DIVERSIFICATION. A part of the FirstRand Group
ACCESS MORE ALTERNATIVE INVESTING - THE NEW DIVERSIFICATION A part of the FirstRand Group A B Today s global investment climate of prolonged uncertainty calls for a shift beyond the traditional understanding
More informationDelivering growth in a riskier world
Delivering growth in a riskier world Sandy Crombie Group Chief Executive October 2007 Please turn off your mobile phone and BlackBerry Disclaimer This presentation may contain certain forward-looking statements
More informationFund in Focus TM Fulcrum Diversified Core Absolute Return Fund
Fund in Focus TM Fulcrum Diversified Core Absolute Return Fund Features of Fulcrum Asset Management LLP Fulcrum was founded in 2004 by Andrew Stevens and Gavyn Davies. Today it is a team of over 60 employees,
More informationPress Release Schroders plc Full-year results 1 March 2018
Press Release Schroders plc Full-year results 1 March 2018 Profit before tax and exceptional items* up 24% to 800.3 million (2016: 644.7 million) Profit before tax up 23% to 760.2 million (2016: 618.1
More informationListed on ASX and LSE, 1bn¹ market capitalisation. Group recurring profit² 27.1m (1H08: 50.8m) Maintained interim dividend of 1.
ANNUAL INVESTMENT CONFERENCE SINGAPORE Andrew Formica, Chief Executive 3 September 2009 All information in unless otherwise stated Henderson Group Overview Listed on ASX and LSE, 1bn¹ market capitalisation
More informationImpax Asset Management Group plc Preliminary Results, December 2009
Impax Asset Management Group plc Preliminary Results, December 2009 Pegasus House, 37-43 Sackville Street, London, W1S 3EH, UK Tel: +44 (0)20 7434 1122 Fax: +44 (0)20 7437 1245 Impax Asset Management Group
More informationFlow Traders. Investor Presentation 3Q 2016 results. Flow Traders
Flow Traders Investor Presentation 3Q 2016 results Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained in this document is provided
More informationRESULTS PRESENTATION. Year ended 31 May 2015 IG FY15 RESULTS PRESENTATION P1
RESULTS PRESENTATION Year ended 31 May 215 IG FY15 RESULTS PRESENTATION P1 DISCLAIMER This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about the
More informationFINANCIAL HIGHLIGHTS March 2015 March 2014 Net revenue 605.2m 503.5m Underlying results: before amortisation and acquisitionrelated
ABERDEEN ASSET MANAGEMENT PLC Interim Results for six months to Highlights Revenue 605.2 million (+20%) Underlying profit before tax 270.2 million (+25%) Operating margin rises to 44.7 % (: 43.0%) Underlying
More informationMITON GROUP PLC FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017
Embargoed until 7am 19 March 2018 MITON GROUP PLC FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER Strong financial performance and progress in significant momentum carried into 2018 Miton Group plc (the Company
More informationAberdeen Asset Management
Aberdeen Asset Management Interim results to 31 March 2017 Martin Gilbert, Chief Executive and Bill Rattray, Finance Director 2 May 2017 Financial highlights 1H 2016 2H 2016 1H 2017 Operating margin 32.2%
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 informationPrime Capital AG. Company Profile March 2018
Company Profile Executive Summary Diversified Business across 5 Segments Founded in 2006 as asset manager and financial services firm: Total Assets of ca. EUR 10.4 billion Company owned by management
More informationNic Nicandrou. Group
Nic Nicandrou Group Drivers of high quality earnings, resilient capital and robust balance sheet Growing and resilient earnings drivers Capital is strong and highly accretive Defensive and robust balance
More informationHalf Year Results for the Six Months to 31 January 2019
Close Brothers Group plc T +44 (0)20 7655 3100 10 Crown Place E enquiries@closebrothers.com London EC2A 4FT W www.closebrothers.com Registered in England No. 520241 Half Year Results for the Six Months
More informationParagon Banking Group PLC. Financial Results for twelve months ended 30 September 2018
Paragon Banking Group PLC Financial Results for twelve months ended 3 September 218 218 results highlights 2 Strong financial performance and further strategic progress Strong operational performance New
More informationIntermediary services. Investment expertise for professional advisers
Intermediary services Investment expertise for professional advisers ABOUT US Tilney s support for financial advisers started in the 1990s, although the roots of our company can be traced back much further
More informationStandard Life plc Full year results February 2017 Delivering diversified and sustainable growth
Standard Life plc Full year results 2016 24 February 2017 Delivering diversified and sustainable growth 2016 2015 Assets under administration ( bn) 357.1 307.4 16% Fee based revenue ( m) 1,651 1,579 5%
More informationOM Asset Management Business Review 2016
OM Asset Business Review 2016 2 Business review Institutional Asset Peter Bain Chief Executive Officer OM Asset (OMAM) We are an institutionally driven, active investment management business delivered
More informationAEGIS GROUP PLC 2008 ANNUAL RESULTS. 19 March 2009
AEGIS GROUP PLC 2008 ANNUAL RESULTS 19 March 2009 AGENDA OVERVIEW OF RESULTS John Napier FINANCIAL REVIEW Alicja Lesniak OUTLOOK John Napier Q&A Aegis Group plc Page 2 OVERVIEW OF RESULTS John Napier,
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 informationFor professional investors and advisers only. Schroders. Liquid Alternatives
For professional investors and advisers only Schroders Liquid Alternatives Introduction What are liquid alternatives? 4 How do they work? 5 Performance characteristics 6 How to apply liquid alternatives
More informationTalanx Strategy Frankfurt, 23 October Torsten Leue, CEO
Talanx Strategy Frankfurt, 23 October 2018 Torsten Leue, CEO Key messages We commit to an increased RoE of 800 bps above risk-free an annual EPS-growth 5% on average 35% to 45 % payout of IFRS earnings
More information