Supplemental Information on the Disposition of Atlantic Trust

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Leona Blair
5 years ago
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1 Supplemental Information on the Disposition of Atlantic Trust Loren M. Starr Chief Financial Officer April 11, 2013

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, 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 Discussion topics Financial impact of the disposition Questions 2

4 The disposition will provide Atlantic Trust s clients a broader set of financial services capabilities and is accretive to Invesco Ltd. s operating margin Strong cultural alignment and expanded career opportunities for wealth management professionals Improved capital allocation opportunity to support growth for Invesco Accretive to Invesco operating margin 3

5 Discussion topics Financial impact of the disposition Questions 4

Key points of the disposition Atlantic Trust assets under management December 31, 2012, AUM of $20.3 billion 2012 average AUM of $19.1 billion 2012 net inflows of $1.

6 Key points of the disposition Atlantic Trust assets under management December 31, 2012, AUM of $20.3 billion 2012 average AUM of $19.1 billion 2012 net inflows of $1.9 billion Impact to operating results Disposition will result in approximate annualized loss of net revenue and adjusted operating expenses $115 million and $85 million, respectively Annualized consolidated adjusted operating margins will increase by approximately 50 basis points Annualized adjusted EPS reduction of $0.05 Use of proceeds All cash deal with proceeds of $210 million Intend to repurchase IVZ stock with proceeds which will offset dilution by $0.03 Other points The deal is expected to close in the second half of 2013 Strong cultural alignment, with both firms focused on providing investment excellence and a high level of client service Teams from both sides are working to ensure a smooth transition for clients and employees 5

7 Discussion topics Financial impact of the disposition Questions 6

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