Regal Partners Limited · ASX:RPL
Regal Partners — Shareholder Meeting (May 2024)
20 slides from Regal Partners's shareholder meeting presentation, May 30, 2024
Slide 1: 2024 AGM: Chairman and CEO Addresses and Presentation Slides
Regal Partners Limited ABN 33 129 188 450 Level 47 Gateway, 1 Macquarie Place Sydney NSW 2000 Australia T. +61 2 8197 4350 www.regalpartners.com 30 May 2024 ASX Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 2024 Annual General Meeting For personal use only
Slide 2: Chairman's Address and CEO's Address
Chairman’s Address On behalf of the Board of Regal Partners (or RPL), I would like to warmly welcome all shareholders today and we very much thank you for your support. As most of you would know, last year was another transformative period for the group, with the PM Capital and Taurus transactions,
Slide 3: CEO's Address: FUM, Investors and Performance
Furthermore, with Taurus’ client base comprising mainly US institutional, pension and endowment funds, the deal provides RPL with an avenue to a brand new offshore client market and significant potential. FUNDS UNDER MANAGEMENT: INVESTMENT PERFORMANCE AND NET FLOWS This next slide provides an illust
Slide 4: CEO's Address: Product Innovation and 2023 Results
Stepping back to look at the bigger picture, the next slide demonstrates Regal’s ongoing focus on innovating to create new strategies that appeal to clients. This chart shows key funds launched since 2015 by Regal Funds Management (so excluding any funds we have obtained via acquisitions). As you ca
Slide 5: Regal Partners Limited 2024 Annual General Meeting
For personal use only Regal Partners Limited (ASX:RPL) 2024 Annual General Meeting 30 May 2024
Slide 6: Chairman's Address
For personal use only Chairman’s Address Michael Cole AM
Slide 7: 2023 was a year of accelerating growth & diversification
2023 was a year of accelerating growth & diversification Funds Under Management up +113% to $11.0bn1 For personal use only Revenue up 17% to $112m 2; strong rebound in performance fees in 2H Momentum in net inflows, despite challenging capital raising environment Accelerating diversification
Slide 8: CEO's Presentation
For personal use only CEO’s Presentation Brendan O’Connor
Slide 9: Regal Partners Limited Overview
Regal Partners Limited (ASX:RPL) Overview Regal Partners Limited is an ASX-listed, specialist For personal use only alternative investment manager with $12.2 billion1 in funds under management. $12.2bn $808m >70 Funds Under Market capitalisation2 Investment professionals3 Management (FUM) 1 • Combin
Slide 10: Accelerating FUM growth across a diverse range of strategies and client channels
Accelerating FUM growth across a diverse range of strategies and client channels For personal use only 6% +2.6x 1.8 years 27% 11% 2% $12.2bn 8% +30k investors 57% +4.3x 38 institutions $4.7bn 10% 5 years 14% +20k investors 3 institutions 6% RFM 65% 4% $1.1bn 90% June 2017 June 2022 (post-merger) Apr
Slide 11: FUM growth driven by flows, performance and acquisitions
FUM growth driven by flows, performance and acquisitions1 For personal use only $14bn $1.0bn ($0.2bn) $12.2bn $12bn ($0.2bn) $11.0bn $0.4bn $2.8bn $10bn $2.2bn $8bn $0.5bn $0.5bn $6bn $5.2bn $4bn $2bn 2023 1Q24 - Dec-22 Net flows Investment Taurus PM Capital Other Dec-23 Net flows Investment Other A
Slide 12: Strong performance across a diverse range of strategies
Strong performance across a diverse range of strategies 3 YEAR ANNUALISED AND YTD NET PORTFOLIO RETURNS TO 30 APRIL 20241 Regal Resources Royalties 42.2% For personal use only Regal Tactical Opportunities 29.3% 15 PM Capital Global Opportunities (ASX:PGF) 18.5% PM Capital Global Companies 17.5% 13 R
Slide 13: FUM at or above high-water mark increasing
FUM at or above high-water mark increasing Proportion of performance fee-eligible FUM close to, or above, high-water mark (HWM) Selection of funds/strategies at or above HWM: For personal use only 100% • Regal Australian Small Companies 12% • Regal Resources Long Short 90% 19% • Regal Tactical Oppor
Slide 14: Strong start to net flows in 2024
Strong start to net flows in 2024 following challenging capital raising environment in 2023 12 mths to Dec 2023 STRONG START TO THE CALENDAR YEAR, +$0.4BN OF NET FLOWS IN 4 MONTHS TO APRIL +$0.5bn For personal use only • Net flows in the 4 months to April 2024 largely skewed to the long / short equi
Slide 15: Product innovation and performance drives FUM growth
Product innovation and performance drives FUM growth Examples of Regal-branded funds launched since 2015 $3,500m For personal use only $3,000m These Regal strategies represent almost 30% $2,500m of group FUM today FUM ($m) $2,000m $1,500m $1,000m $500m $0m Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 J
Slide 16: Normalised profit or loss statement
Normalised profit or loss statement Year to Year to $m Dec 20221 Dec 20231 Revenue (net income) FUM at 31 Dec 2023 FUM (including non-fee-earning) ($bn)2 5.2 11.0 $111.9m $11.0bn For personal use only Average FUM (including non-fee-earning) ($bn)2 5.4 6.0 Average management fee (%) 1.17% 1.09% +17%
Slide 17: A scaleable corporate and operating platform, supporting growth and integration
A scaleable corporate and operating platform, supporting growth and integration OPPORTUNITY TO FURTHER IMPROVE SCALE & DIVERSIFICATION use only Long/Short Private Markets Private Equity Credit Real Estate Infrastructure Commodities Structured Solutions TYPICAL ALTERNATIVE CATEGORIES • Direct Lending
Slide 18: Growth-focused strategy of RPL remains unchanged
Growth-focused strategy of RPL remains unchanged With multiple opportunities for expansion Multiple opportunities For personal use only for growth 1 Diversified, scalable and growing platform Maintain current fundraising momentum Seed new strategies / partnerships 2 Attractive market tailwinds Conti
Slide 19: Disclaimer
Disclaimer The information in this presentation (Information) has been prepared by Regal Partners Limited (ABN 33 129 188 450) (Regal Partners) and is current as at the date of this presentation. All currency data in this presentation is in Australian dollars (A$) unless stated otherwise. For person
Slide 20: For personal use only
For personal use only 16