Magellan Financial Group Ltd · ASX:MFG

Magellan Financial — Shareholder Meeting (October 2024)

20 slides from Magellan Financial's shareholder meeting presentation, Oct 22, 2024

  1. Slide 1: 2024 Annual General Meeting

    Magellan Financial Group For personal use only 2024 Annual General Meeting Andrew Formica | Executive Chairman Sophia Rahmani | Managing Director, Magellan Asset Management

  2. Slide 2: 2024 AGM Presentation – Andrew Formica

    For personal use only 2024 AGM Presentation Andrew Formica | Executive Chairman

  3. Slide 3: FY24 Highlights

    For personal use only FY24 Highlights 1 Stability restored and transitional leadership arrangements implemented 2 Employee share purchase plan loans substantially resolved and conversion of Magellan Global Fund (Closed Class) completed 3 Net flows stabilising; institutional inflows of $0.6bn in Q4 F

  4. Slide 4: Financial Highlights

    For personal use only Financial Highlights1 Group adjusted net profit after tax2 1 $177.9 million 2% $912.2 million Funds management business expenses 2 $102.4 million 16% Net Tangible Assets ($5.05 per share) Performance Fees 3 $19.2 million 67% No debt Total liabilities of $69.7 million down 71% S

  5. Slide 5: Our Business

    For personal use only Our Business Magellan Asset Associates Distribution Management Businesses1 Australia & NZ Global Equities Distributes United States globally Infrastructure Rest of World Airlie Magellan is underpinned by our institutional grade platform [1] As at 30 September 2024, Vinva econom

  6. Slide 6: Vinva Investment Management

    For personal use only Vinva Investment Management About Vinva Investment Management (Vinva) Funds Under Management1 (A$bn)  Global investment management firm founded in Australia in 2010 A$5.0bn  Pioneer in systematic equity strategies, specialising in long-only and long- Australian Equities short

  7. Slide 7: Other Associates

    For personal use only Other Associates  Profitable with FY24 NPAT of $34.7m following record revenues up  Diverse client base with $160 billion of underlying client assets1 over 40%  Solid revenue growth from recovery in market volumes and new  All key businesses established with revenue growth

  8. Slide 8: Governance Update

    For personal use only Governance Update  Implementation of transitional leadership arrangements ― Andrew Formica as Executive Chair ― Sophia Rahmani as Managing Director of Magellan Asset Management Limited (main operating subsidiary)  Intend to appoint Sophia Rahmani as Group CEO within 6 months

  9. Slide 9: Remuneration Framework

    For personal use only Remuneration Framework  Employee Share Purchase Plan (ESPP) Loans resolved for vast majority of current employees by September 2025 following October 2023 announcement of additional retention payments  New remuneration framework encompassing feedback from shareholders & proxy

  10. Slide 10: Capital Management Position

    For personal use only Capital Management Position  Strategic Capital & Stability Buffer has 694 protected the business from recent challenges  Over time, anticipate a lower level of (139) Stability Buffer will be required, as the business becomes more resilient and impacts of initiatives such as t

  11. Slide 11: 2024 – Sophia Rahmani, Managing Director, MAM

    For personal use only 2024 AGM Presentation Sophia Rahmani | Managing Director, MAM

  12. Slide 12: Funds Under Management

    For personal use only Funds Under Management Funds Under Management (A$bn) 1 Quarterly Net Flows Asset Class - 7.3 (0.6) Global Equities (0.5) 13.9 (0.4) (0.6) Infrastructure Retail (1.0) (0.9) (1.2) Airlie Flows (1.5) (1.0) (1.4) (1.4) (1.3) 16.8 (A$ billion) (1.7) (1.6) (2.0) (1.8) FY24 (2.5) Q4 F

  13. Slide 13: Magellan's Platform Strength

    For personal use only Magellan’s Platform Strength High Quality Team Institutional Grade Brand Strength Platform  High quality team across the  Culture of operational  Significant brand equity business excellence  Recognised for strength in  Collaborative, dedicated &  Efficient and scalable p

  14. Slide 14: Magellan's Distribution Footprint

    For personal use only Magellan’s Distribution Footprint Distribution Capabilities UK & Europe  Institutional FUM $4.5bn across 6 clients1  Global reach into major markets  UCITS fund platform  Collaborative 26-member team with proven ability Asia  Track record of successfully incubating and  I

  15. Slide 15: Vinva Mobilisation

    For personal use only Vinva Mobilisation Three new funds August 2024 September 2024 Q4 2024 2025 Announced strategic partnership Integrate with Vinva systems Launched three new Vinva funds Develop second phase funds for the with Vinva Investment and develop initial product for the Australian market

  16. Slide 16: FY25 Priorities

    For personal use only FY25 Priorities  Implement and finalise Remuneration Framework Colleagues  Targeted training and development of staff  Improve employee engagement  Strengthen leadership team and embed new organisational structure  Maintain strong investment performance across Clients stra

  17. Slide 17: Summary and Q&A

    For personal use only Summary and Q&A Andrew Formica | Executive Chairman

  18. Slide 18: Summary

    For personal use only Summary  Strengthened governance with renewed and stable board  Well positioned for growth following stabilisation of FUM flows  High quality team across the business, an institutional grade platform and strong brand  Highly regarded distribution function with opportunities

  19. Slide 19: Important Information

    For personal use only Important Information This presentation has been prepared by Magellan Financial Group Ltd ACN 108 437 592 (‘Magellan’). This presentation contains summary information about Magellan and its related bodies corporate and is current as at 22 October 2024. While the information in

  20. Slide 20: For personal use only

    For personal use only www.magellangroup.com.au Phone: +61 2 9235 4888

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