Business
Intermediate Capital Group plc : Final Result...
Intermediate Capital Group plc : Final Result....
About this update from Icg Plc
[{"type":"text","content":"\n\n \n \n\n Intermediate Capital Group plc : Final Results for the financial year ended 31 March 2023\n\n Delivering growth through cycles Highlights Total AUM of $80.2bn1 and fee-earning AUM of $62.8bn1, up 14% and 10% respectively compared to FY22 on a constant-currency basis, annualised growth of fee-earning AUM over the last five years of 20%2Fundraising in line with guidance at $10.2bn; $32.8bn raised since 31 March 2021 and on track to meet accelerated fundraising target of at least $40bn cumulatively between FY22 - FY24Sustained investment activity across our business, notable deployment in Private Debt and Strategic EquityDelivering for clients, strong fund returns across Structured and Private Equity, Private Debt and InfrastructureFee income of £501.0m, an increase of 12% compared to FY22 with management fees up 23%Record Fund Management Company profit before tax of £310.7m, an increase of 9% compared to FY22Balance sheet investment portfolio generated NIR of 4% (five year average: 11.2%)Group profit before tax of £258.1m (FY22: £568.8m) and Group EPS of 80.3p (FY22: 187.6p)NAV per share of 694p (31 March 2022: 696p)Total dividends for FY23 of 77.5p per share, a year-on-year increase of 2.0% and the thirteenth consecutive annual increase in ordinary dividend per share; 21% annualised growth in dividend per share over the last five years 1 Includes impact of policy change in FY23 which increased Total AUM and third-party AUM by $3.1bn and fee-earning AUM by $0.5bn2 Five year AUM growth on reported basis. Unless otherwise stated the financial results discussed herein are on the basis of APM - see page 2 and page 8 William Rucker Benoît Durteste Chairman CEO and CIO The results ICG is reporting are a testament to our long-term focus on building and broadening the ICG platform.Successfully fundraising, growing AUM, and increasing profits from our fund management activities – all delivered against a challenging backdrop – underline the powerful economic characteristics that underpin ICG's resilient business model today.Looking ahead, we are well positioned to navigate an exciting future, with many opportunities likely to arise as the economic landscape continues to evolve. I am delighted to have joine...